Blockchain
Just-In: Binance Delists Key Spot Pairs for Uniswap, Optimism, & Other Crypto
The world’s largest crypto exchange Binance on Friday said it is delisting some crypto trading pairs from Binance Spot. Binance is delisting some key cryptocurrencies including Uniswap (UNI), Optimism (OP), and BakeryToken (BAKE). Users will not be able to trade these cryptos in some trading pairs, impacting the price momentum.
The crypto exchange usually delists spot and margin trading pairs due to multiple factors, such as poor liquidity and trading volume or lack of demand for some pairs.
Binance Announces Delisting Of Key Spot Trading Pairs
Crypto exchange Binance in an official announcement on April 10 revealed 6 crypto spot trading pairs to be listed from the platform. The exchange said the move is part of its periodic reviews of all listed spot trading pairs it conducts to protect users and maintain a high-quality trading market.
Binance will remove and cease trading on the spot trading pairs — BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD, and UNI/BNB.
The abovementioned spot trading pairs will not be available for users to trade from 03:00 UTC on April 12. However, users can still trade these crypto available in other spot trading pairs on the crypto exchange.
In addition, Binance will also cease support of these spot trading pairs on bots services. Users are recommended to update or cancel their spot trading bots before the deadline to avoid any potential losses.
Price Performance of Delisted Crypto
Uniswap (UNI) price fell over 1% in the past 24 hours, with the price currently trading at $11.10. Furthermore, the trading volume has decreased by 5% in the last 24 hours, indicating a decline in interest.
Meanwhile, Optimism (OP) and BakerySwap (BAKE) also fell 6% and 4% in the last 24 hours, respectively. Trading volumes on both tokens have taken a hit after Binance’s announcement.
Space ID, MOBOX, and Radiant Capital prices also fell significantly in the 24 hours, with the downfall continuing in the last few hours.
Source: coingape.com
The post Just-In: Binance Delists Key Spot Pairs for Uniswap, Optimism, & Other Crypto appeared first on HIPTHER Alerts.
Blockchain
United States B2C E-Commerce & Online Payments Market Report 2024 – Retail E-Commerce Sales are Poised to Surpass EUR 1.5 Trillion by 2027
MicroStrategy has increased its Bitcoin holdings to 214,400 BTC with a recent purchase of $7.8 million worth of the cryptocurrency. This move further solidifies MicroStrategy’s position as a major institutional holder of Bitcoin and demonstrates its continued bullish outlook on the digital asset.
MicroStrategy, a publicly traded business intelligence firm, has been actively accumulating Bitcoin as part of its treasury strategy, viewing the cryptocurrency as a long-term store of value and hedge against inflation. The recent purchase of $7.8 million worth of Bitcoin adds to the company’s already substantial holdings, reaffirming its confidence in the future potential of the digital currency.
MicroStrategy’s ongoing accumulation of Bitcoin reflects a broader trend of institutional adoption and investment in the cryptocurrency space. As more companies recognize the value proposition of Bitcoin as a hedge against economic uncertainty and fiat currency devaluation, they are increasingly allocating funds to acquire and hold the digital asset.
Overall, MicroStrategy’s decision to boost its Bitcoin holdings with a $7.8 million purchase underscores the company’s conviction in the long-term viability and potential of Bitcoin as a strategic asset. This move is likely to further encourage other institutions to explore Bitcoin as a component of their investment portfolios, driving continued growth and adoption in the cryptocurrency market.
Source: crypto.news
The post MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase appeared first on HIPTHER Alerts.
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