The past day, Bitcoin price has fluctuated strongly. Along with that, in the past 24 hours, many notable news appeared. Let's XEM the most outstanding news in the Crypto market!
Hottest Crypto news
Binance will delist these 14 Spot Trading pairs
Details: Binance will delist these 14 Spot Trading pairs
Specifically, the trading pairs that will be delisted include:
- 12:00 September 29 (VN time): ALICE/ BUSD, AVA/ BUSD, BICO/ BUSD, CLV/ BUSD, DEGO/ BUSD, GLM/ BUSD, KSM/ BUSD, WAXP/ BUSD
- 2:00 p.m. September 29 (Vietnam time): XTZ/ BUSD, BNB/BIDR, Doge/BIDR, SOL/BIDR, TKO/BIDR, XRP /BIDR
Binance has a very "suspicious" move with ETH Staking Token
Recently, information appeared showing that Binance was ambiguous in Mint and burning ETH Staking Token WBETH and BETH. This has been causing a lot of controversy in the community.
WBETH ( Wrapped Beacon ETH) is an upgraded version of BETH, a form of wrapped Token used to replace ETH when users participate in Staking ETH through Binance. WBETH was launched by Binance in April 2023. Since then, the exchange has Mint new Token WBETH and burned old Token BETH.
Normally, to be fair, Mint and burning must go together with equal value. However, the most recent time, Binance did not do so.
on-chain data shows that a total of 318,180 WBETH were newly Mint by Binance over the past two weekends, Chia into 5 batches, valued at more than 500 million USD. This number corresponds to 50% of the total supply of BETH.
These Token were then transferred to a wallet address labeled “Binance 6” – this is a Cold Storage that the exchange uses to store user assets.
However, some time later, Binance still did not burn a similar amount of BETH until it was "subtly reminded" by Conor Grogan, Director of Product and Sales of Coinbase.
Binance explained in a post that these transactions are part of their previously announced action to gradually convert BETH to WBETH, as mentioned.
However, such a significant time difference can create conditions for other ambiguous actions. This has sparked many controversies.
Details: Binance has a very "suspicious" move with ETH Staking Token
“The end” of Binance in Russia
Details: "The end" of Binance in Russia
In a statement published today, Binance said it has agreed to sell its Russian branch to cryptocurrency exchange CommEX.
Binance also said that all existing Russian user assets are safe and that the withdrawal process will take up to a year. Binance said that they will work with CommEX to transfer assets to CommEX.
“Over the next few months, Binance will cease operations of all exchange services and business lines in Russia,” the exchange said. “Different from similar agreements from international companies in Russia, Binance will not have a share in continued income from the sale, nor will it retain any rights to repurchase shares in the company.”
Celestia announces Airdrop, what are the winning conditions?
Celestia , a modular blockchain project, recently announced information about their latest Airdrop program.
According to the announcement, there are approximately 7,579 developers and 576,653 on-chain wallet addresses eligible to receive Celestia's Airdrop . The project took a Snapshot on January 1, 2023 to determine those eligible to participate in the Airdrop.
Specifically, the criteria for winning the Airdrop are:
- Is a contributing developer and researcher for Celestia
- Most active users on Ethereum Layer-2 platforms
- Stake and using IBC relayer on Cosmos Hub and Osmosis networks
Details: Celestia announces Airdrop, what are the winning conditions?
Investors are selling Bitcoin to focus on these Altcoins
Crypto analytics platform Santiment just announced that interest in Bitcoin in the crypto market community has reached its lowest level in the past three months. Meanwhile, traders are paying a lot of attention to altcoins.
Specifically, according to a new article posted on X, there are signs that traders are worried about missing out on opportunities to invest in smaller- Capital cryptocurrency projects and have sold Bitcoin to focus on into these altcoins.
Santiment revealed that small projects such as Loom Network (LOOM), Cream Finance (CREAM), and Solaris (SXP) have seen an increase in attention, indicating market interest in the coins. this coin.
The result of this has been significant price momentum for the aforementioned Token over the past few days. Within a week, LOOM's price increased more than 144% to 0.11 USD, CREAM increased 65% to 17 USD. However, SXP is currently only up 2.5% and is trading at 0.28 USD, according to data from CoinMarketCap.
Additionally, not only LOOM, CREAM, and SXP, but other altcoins such as Frontier (FRONT), ImmutableX (IMX), and Chainlink (LINK) are also performing better than the majority of the crypto market.
Details: Investors are selling Bitcoin to focus on these Altcoins
Upcoming news that could affect Bitcoin
In recent days, Bitcoin prices have been quite gloomy. However, in the near future, this news is likely to cause BTC prices as well as the Crypto market to fluctuate:
- The US government is at risk of shutting down
- Celsius is about to distribute $2 billion in Bitcoin and Ethereum to creditors?
- The Fed chairman spoke, the SEC chairman testified
Details: Upcoming news that may affect Bitcoin
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