{"id":52604,"date":"2025-03-18T09:23:41","date_gmt":"2025-03-18T09:23:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=52604"},"modified":"2025-03-18T09:23:41","modified_gmt":"2025-03-18T09:23:41","slug":"binance-updates-cardano-whale-sell-off-and-more-bits-recap-for-march-18","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=52604","title":{"rendered":"Binance Updates, Cardano Whale Sell-Off, and More: Bits Recap for March 18"},"content":{"rendered":"

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

Binance added XUSD, introduced BMT\/USDT and MUBARAK\/USDT perpetual contracts, and announced the removal of several margin trading pairs.<\/p>\n

Large investors offloaded over $70M in ADA, increasing selling pressure, though a spot ADA ETF approval could reverse the trend.<\/p>\n

Shiba Inu\u2019s former lead developer remains inactive on X, but insiders are reassured that they are focused on the new ambassadorial role.<\/p>\n

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

Binance\u2019s Latest Listings\/Delistings<\/h2>\n

Despite remaining silent on potential support for Pi Network\u2019s native token, Binance has recently conducted numerous other amendments <\/span>to<\/span> its platform. Earlier this week, it <\/span>revealed<\/span><\/a> that it will list the stablecoin StraitsX USD (XUSD) on March 19.\u00a0<\/span><\/p>\n

Shortly after the disclosure, the asset, which is pegged 1:1 to the American dollar, experienced a <\/span>major<\/span> rally to almost $1.80 before returning to its target.\u00a0<\/span><\/p>\n

The world\u2019s largest crypto exchange also <\/span>introduced<\/span><\/a> BMT\/USDT and MUBARAK\/USDT perpetual contracts with up to 25x leverage. The prices of both assets have soared by double digits due to the inclusion.\u00a0<\/span><\/p>\n

Contrary to the new additions on the platform, Binance <\/span>said<\/span><\/a> it will remove some existing margin trading pairs on March 25. ALPHA\/BTC, CTXC\/BTC, DODO\/BTC, IDEX\/USDC, LISTA\/FDUSD, NKN\/BTC, and SAGA\/BTC will <\/span>be excluded<\/span> from the cross margin section<\/span>, whereas ALPHA<\/span>\/BTC, CTXC\/BTC, DODO\/BTC, FLM\/BTC, IDEX\/USDC, LISTA\/FDUSD, and NKN\/BTC will <\/span>be scrapped<\/span> from the isolated margin category.<\/span><\/p>\n

The majority of the affected assets have witnessed minor losses, and their prices have remained relatively stable after the announcement. It is worth mentioning that a <\/span>major<\/span> pullback <\/span>is usually observed<\/span> when Binance terminates all services with a <\/span>certain<\/span> cryptocurrency. <\/span>Such was the case in October last year when<\/span> UNFI, OOKI, and other tokens <\/span>crashed<\/span><\/a> by double digits after the company withdrew its support.<\/span><\/p>\n

ADA Whales on a Selling Spree<\/span><\/h2>\n

Cardano\u2019s native token has lost some steam lately, and some <\/span>important<\/span> developments suggest that the correction might intensify in the short term.<\/span><\/p>\n

According to the X user Ali Martinez, whales <\/span>offloaded<\/span><\/a> over 100 million ADA tokens last week. Similar continuous efforts increase the circulating supply of the asset, which could be a precursor of a further decline (if demand <\/span>doesn\u2019t catch<\/span> up the pace). Additionally, large sell-offs <\/span>coming<\/span> from whales may scare other smaller investors and make them cash out, too.<\/span><\/p>\n

On the other hand, a new resurgence of the cryptocurrency market or <\/span>the potential approval<\/span><\/a> of a spot ADA exchange-traded fund (ETF) in the US might significantly push the price in the opposite direction.<\/span><\/p>\n

How\u2019s SHIB Doing?<\/span><\/h2>\n

Lastly, we will touch upon the second-biggest meme coin, Shiba Inu (SHIB), whose former lead developer, using the pseudonym Shytoshi Kusama, has been surprisingly inactive on X lately.\u00a0<\/span><\/p>\n

LUCIE (Shibarium\u2019s marketing strategist) <\/span>assured<\/span><\/a> the community that this is not a cause for concern, reminding <\/span>that<\/span> Kusama has become an ambassador of the project and \u201cis doing <\/span>exactly<\/span> what he announced he would.\u201d<\/span><\/p>\n

Many X users commenting on the post appreciated the information, with some predicting that the former leader may announce \u201cgroundbreaking\u201d partnerships for Shiba Inu once they break their silence.\u00a0<\/span><\/p>\n

The post Binance Updates, Cardano Whale Sell-Off, and More: Bits Recap for March 18<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Binance added XUSD, introduced BMT\/USDT and MUBARAK\/USDT perpetual contracts, and announced the removal of several margin trading pairs. Large investors offloaded over $70M in ADA, increasing selling pressure, though a spot ADA ETF approval could reverse the trend. Shiba Inu\u2019s former lead developer remains inactive on X, but insiders are reassured that they are […]<\/p>\n","protected":false},"author":0,"featured_media":52605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52604","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\/52604"}],"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=52604"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/52605"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}