U.Today's daily news roundup keeps you informed about the most important updates in the cryptocurrency industry
U.Today features the top three news stories of the last day. Take a closer look at the world of cryptocurrencies!
Dogecoin (DOGE) Trading Pair Listed by Major Crypto Exchange
As indicated in from binance website, today the exchange opened trading for a new trading pair, DOGE/TUSD, at 8:00 am UTC. Along with this pair, Binance added two more, WBTC/USDT and USDT/ARS. Right now, the most liquidity for DOGE is against USDT on Binance, with over 20% of all DOGE trading this pair. The next largest pair is against BUSD, but this is likely to change after the announcement of the new DOGE/TUSD trading pair. About two weeks ago, Binance added support for TUSD as a native token on the BNB chain. Since then, the proportion of BTC traded in pairs with TUSD has increased significantly on the exchange.
More Than 1 Trillion Shiba Inu (SHIB) Dumped Into The Turbulent Cryptocurrency Market
Data provided by crypto-intelligence portal IntoTheBlock shows that yesterday, large investors sold more than 1.4 billion Shiba Inu tokens The sell-off was sparked by a false report that the US government was selling confiscated Bitcoins, sending trading companies into a panic and causing the cryptocurrency market to crash. The situation came when the gap between the big buys and the sells was just SHIB 26.1bn, suggesting that the day before yesterday would have been a more bullish day for investors. However, the price of the token declined 8% in just one hour, which served as the catalyst for the sell-off.
Ripple's XRP sales soar to $361 million in Q1
According undulation XRP Markets Report Q1 2023, XRP total sales or net purchases reached $361.06 million. Compared to the $226.31 million reported in the prior quarter, this indicates a significant increase. On top of this, Ripple reports strong on-chain activity from the XRP Ledger: Compared to Q4 2022, decentralized exchange volumes increased 34% to $115 million in Q1 2023. Average Daily Volume (ADV ) on centralized exchanges also increased by 46% to reach $1 billion in the first quarter. Despite market turmoil caused by events like the Silvergate collapse and Signature Bank closure, XRP markets remained resilient, with volume up 46% quarter-on-quarter.
