{"id":16119,"date":"2024-10-24T08:13:33","date_gmt":"2024-10-24T08:13:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=16119"},"modified":"2024-10-24T08:13:33","modified_gmt":"2024-10-24T08:13:33","slug":"recent-binance-updates-shibariums-revival-and-more-bits-recap-oct-24","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=16119","title":{"rendered":"Recent Binance Updates, Shibarium\u2019s Revival, and More: Bits Recap Oct 24"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Binance introduced 1000CATUSDT perpetual contracts and delisted four altcoins, causing significant price drops.
\nShibarium\u2019s daily transactions surged substantially, but SHIB\u2019s price declined by 2% over the week.
\nBitcoin (BTC) experienced high volatility, dropping below $65,500 before recovering to around $67,200.<\/p>\n

<\/a><\/span><\/h2>\n

Binance\u2019s Latest Amendments<\/h2>\n

The biggest crypto exchange continues to expand its <\/span>list of trading options t<\/span>o respond to ongoing<\/span> market trends.<\/span> Earlier this week, it <\/span>launched<\/span><\/a> 1000CATUSDT perpetual contracts\u00a0<\/span>on<\/span> its\u00a0<\/span>futures<\/span> platform.<\/span> The offering allows up to 75x leverage and supports the multi-assets mode.<\/span><\/p>\n

Somewhat <\/span>expected<\/span>, Simon\u2019s Cat (CAT) experienced a substantial rally shortly after the announcement. Its price exploded by 65% daily, while its market cap neared $250 million. The resurgence continued in the following days, with CAT\u2019s valuation soaring by another 7% in the past 24 hours.\u00a0<\/span><\/p>\n

Besides<\/span> adding new services, Binance regularly removes some existing cryptocurrencies due to factors like poor liquidity and trading volume.<\/span><\/p>\n

As <\/span>CryptoPotato<\/span><\/em> reported<\/span><\/a>, the latest delisting spree impacted Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI). The altcoins will no longer be available on the platform from November 6, whereas <\/span>withdrawals will be supported<\/span> until February 6, 2025.<\/span><\/p>\n

KP3R, OOKI, and UNFI saw significant declines after the disclosure, with their prices plummeting by approximately 40% each.\u00a0<\/span><\/p>\n

Shibarium Making the Headlines Again<\/span><\/h2>\n

Shiba Inu\u2019s layer-2 blockchain solution has made an impressive comeback in the past few days. On October 22, the number of daily transactions processed on the network <\/span>surged<\/span><\/a> to 1.77 million, a nearly 1,300% spike on a 24-hour scale.\u00a0<\/span>The figure kept climbing, <\/span>reaching<\/span><\/a> 3.24 million the following day. Such high levels were last observed in February this year.\u00a0<\/span><\/p>\n

Shibarium enhances the ability of the Shiba Inu ecosystem to handle more transactions efficiently, making it easier for users to adopt the platform for decentralized applications. <\/span>This<\/span> could lead to higher demand for SHIB as a utility token, potentially driving <\/span>up<\/span> its value.\u00a0<\/span>Despite the protocol\u2019s revival, the price of the meme coin is in the red on a weekly scale, dipping by 2%.
\n<\/span><\/p>\n

<\/a>SHIB Price, Source: CoinGecko<\/p>\n

BTC\u2019s Ups and Downs<\/span><\/h2>\n

Last <\/span>but not least<\/span>, we will touch upon the primary cryptocurrency, which experienced significant volatility lately.<\/span> Its price started the week at over $69,000, <\/span>with<\/span> numerous industry participants <\/span>envisioning<\/span> further gains above the psychological mark of $70K.<\/span>\u00a0<\/span><\/p>\n

Contrary to those expectations, BTC headed south the following days, plunging below $65,500 on October 23. <\/span>The bulls<\/span>, though,<\/span> reacted instantly, pushing the price by two grand in a matter of hours.<\/span> Currently,<\/span> the asset is worth around $67,200 (per CoinGecko\u2019s data), representing a 10% increase on a two-week scale.<\/span><\/p>\n

<\/a>BTC Price, Source: CoinGecko<\/p>\n

The post Recent Binance Updates, Shibarium\u2019s Revival, and More: Bits Recap Oct 24<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Binance introduced 1000CATUSDT perpetual contracts and delisted four altcoins, causing significant price drops. Shibarium\u2019s daily transactions surged substantially, but SHIB\u2019s price declined by 2% over the week. Bitcoin (BTC) experienced high volatility, dropping below $65,500 before recovering to around $67,200. Binance\u2019s Latest Amendments The biggest crypto exchange continues to expand its list of trading […]<\/p>\n","protected":false},"author":0,"featured_media":16120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/16119"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16119"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/16119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/16120"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}