Ethereum
U.Today’s Crypto News Roundup
Valeria Blokhina
Find out all the important news from the past day in the latest U.Today digest!
Read U.TODAY on
Google News
Discover the three main news stories presented by U.Today.
Here’s Why Ethereum Didn’t Skyrocket When ETF Launched
Despite community excitement and hopes that Ethereum’s price will reach “the moon” after the launch of Ethereum ETFs, the second-largest cryptocurrency below Investors were also surprised by the ETF’s expectations. Moreover, ETH is currently down 7.78% in the last 24 hours, trading at $3,157. Several factors contributed to this sudden price change. First, the buzz surrounding the Ethereum ETF launch may have created a situation of buying the rumors and selling the news. If ETH investors had accumulated ETH in advance, they may have liquidated their holdings to take advantage of the ETF’s debut. Second, while the ETF launch attracted institutional attention, it also highlighted the lack of new retail investors entering the market; a bullish trend must be maintained by a balance between institutional inflows and retail participation.
Shibarium Aims for Historic Milestone as SHIB Price Drop Deepens
According to data provided by the Shibariumscan.io website, ShibariumShiba Inu’s Layer 2 solution, is approaching a major milestone. As can be seen on the website’s main page, Shibarium’s total block count currently stands at 5,952,363, with just a few more blocks to go before it reaches the 6,000,000 milestone. With this achievement looming, Shibarium has seen a lot of success since its launch in August last year. Ideally, Shibarium’s growth is supposed to trigger a rise in the price of Shiba Inu (SHIB). However, the opposite picture is visible on the chart, and the meme token is changing hands at $0.00001626, down 5.95% in the last 24 hours at the time of writing.
Binance to Delist MATIC, AVAX and VOXEL Pairs
According to a recent announcement made by Binance, it will be remove and cease trading on the following spot trading pairs: AVAX/TUSD, MATIC/TUSD, and VOXEL/BTC. The removal is scheduled for July 26, 2024 at 03:00 (UTC). Binance has advised its users that the availability of tokens on Binance Spot is not affected and users can trade them on other pairs available within the exchange. However, the exchange has advised users to cancel any spot trading bot services connected to these pairs before their removal to avoid any potential losses. The reason for such a decision is Binance’s policy to ensure user protection and a high-quality trading market.
About the Author
Valeria Blokhina
Valeria is the Community Manager at U.Today. She is passionate about crypto and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news from the world of crypto and blockchain.