The Binance cryptocurrency #exchange suspended the withdrawal of XRP (XRP) during the pump of the digital asset rate issued by Ripple.

On November 16, customers who tried to send $XRP
received a message that this service was temporarily down. The coin transfer function was disabled due to technical problems, and the XRP withdrawal option became available again after the problems were fixed.

this asset. The price of the cryptocurrency began to pump on November 15 at 11:00 Moscow time, and on Saturday at 18:00 its value reached its maximum value since November 2021 at $ 1.26.

During the bullish rally, the trading volume of XRP increased significantly, which could cause problems or activation of the security system, which disabled the function of sending coins, suspecting something was wrong.

Judging by the time of publication of the Binance user's message and the response to it by a representative of the exchange's technical support, it can be assumed that the clients of the trading platform could not withdraw XRP within one to two hours. However, despite the quick resolution of the problem, Binance was hit by a wave of criticism, and some owners of digital assets once again reminded everyone of the superiority of cold hardware crypto wallets compared to hot custodial crypto storages, which can be turned off at any moment.
#BONKBURNmas

Over the past day, the #exchange rate of the second most popular meme token has fallen by almost 5.7% to the level of $0.000024. Nevertheless, there are signs that the price of Shiba Inu ($SHIB
) may again test the maximum of $0.00003045 recorded this week.

One of the reasons for the optimistic forecast is the data from the Shibburn platform, which shows that over the past 24 hours, the burning rate of Shiba Inu has increased by 115%.

More than 16.1 million memcoins have recently been burned. In total, 410 trillion tokens have been destroyed since the launch of SHIB. Currently, 583 trillion remains in circulation.

Recall that developers burn tokens by moving them to an inaccessible address. Thus, they reduce their number in circulation, creating a shortage.

Another potential reason for the SHIB rally may be an increase in the number of addresses on the network. There are already more than 1.89 million of them. If the trend continues, the figure may exceed 2 million by the end of the year. Activity within the network is also growing: 509 million transactions have taken place in Shibarium over the past few months.

Cryptanalysts also talk about technical indicators that point to a "bullish" scenario for memcoin.

For example, on the Shiba Inu daily chart, the 50-day and 200-day moving averages have formed a "golden cross" pattern, which in most cases leads to rapid growth of the asset.

SHIB has also formed a "cup with handle" pattern, with the current decline being part of the "handle". In most cases, this pattern usually leads to a strong bullish breakout. If this happens, the coin could rise to an annual maximum of $0.000045, which is about 90% higher than the current level.
#XRPPriceAction

As per on-chain data from Etherscan dated November 12, a smart whale sold 100 billion coins, worth $2.85 million, to the crypto #exchange Gemini to make profits amid Shiba Inu’s bull run. According to data, the whale address 0xd6B made a massive transfer to the mentioned crypto exchange, making a profit.

Notably, per Lookonchain data, this whale spent $3.8K to purchase 15.28 trillion $SHIB
as early as August 2020, which totaled nearly $1.22 billion at the meme coin’s peak. Further, after all, selloffs, the same address still held 2.5 trillion coins, worth $75. 2 million, boasting a profit record of $123 million on the dog-themed meme crypto. Notably, the smart whale’s existing holding indicates a sense of market confidence in the asset’s potential to pump further.

Simultaneously, in another similar saga, the meme coin whale 0xa145B was recorded selling 83.36 billion coins worth $2.42 million to the crypto exchange giant Binance. However, even this whale still holds 373.26 billion coins, worth $10.82 million, solidifying optimism on the token’s future movements. Overall, the abovementioned trade strategies have ignited a torrent of market optimism for the renowned dog-themed meme token.
#ennsylvaniaBitcoinReserve

The U.S. Securities and Exchange Commission (SEC) has approved the application of the Japanese crypto #exchange Coincheck for listing on Nasdaq. This is the first time that shares of a cryptocurrency exchange from Japan will be traded on the US stock market.

The placement on Nasdaq became possible after the merger of the crypto exchange with Thunder Bridge Capital Partners IV, the final approval of which will take place on December 5 at a meeting of shareholders of the companies. After that, Coincheck will make its debut on the American stock market under the ticker CNCK. Listing on #Nasdaq is scheduled for December 10, 2024, and stock trading will begin the next day.

It is known that after the merger, the combined company will receive $237 million, which will be held in trust by Thunder Bridge Capital Partners IV. The joint venture will be headed by Thunder Bridge CEO Gary A. Simanson. Monex Group, the parent company of Coincheck, will retain 82% of the shares.

The planned listing of the Japanese cryptocurrency exchange on Nasdaq will be an important event for the American market, as it will strengthen the friendly position of the United States regarding digital assets and attract more international crypto companies to the country.
#WorldLibertyXChainlink

-- An unknown major trader $PEPE
earned more than $61 million from $26 investments against the background of a jump in the memcoin exchange rate.
-- However, the address where the tokens are stored has been blocked by the developers.
-- This means that he cannot withdraw or sell these assets.

An unknown user earned about $61.5 million from the Pepe Coin (PEPE) #exchange rate jump, according to Lookonchain. In 24 hours, the asset's exchange rate increased by more than 76%.

Experts noted that the user purchased 2.52 trillion PEPE for 0.013 $ETH
(about $26 at that time) in April 2023. Against the background of the memcoin rally, the driver of which was the jump in the bitcoin exchange rate on November 13, this volume of tokens is now estimated at $61.5 million.

The price of PEPE has increased by 76.4% in the last 24 hours, according to CoinMarketCap. At the time of writing, memcoin is trading at $0.0000226.

It is noteworthy that the specified 2.52 trillion PEPE arrived at the user's address at the stage of the token's entry into the market. This may mean that he is associated with the project team or supported it.

Lookonchain experts pointed out that the address with memcoins is on the blacklist of developers. According to the publication, because of this, the holder cannot sell his assets.

This is not the first such case. In particular, in May 2023, on the Reddit site, users discussed blocking an address with PEPE for allegedly $ 4 million. A similar function was incorporated into the smart contract of the project.
#PEPEATH

Goldman Sachs increased its assets in BlackRock's iShares Bitcoin Trust (IBIT) to 12.7 million shares worth $461 million, which is 83% more than its existing assets of approximately 6.9 million shares, according to a new filing with the Securities and Exchange Commission, which was first reported by MacroScope.

The recent increase in #GoldManSachs ' stake in IBIT is well ahead of the growth in Capula Management's share, which is approximately $253 million. The company is now the second largest IBIT holder, second only to Millennium Management, which holds approximately $844 million worth of IBIT shares.

The investment bank, which was added by BlackRock as authorized participants in its Bitcoin ETF exchange-traded fund, has also invested in many other Bitcoin #exchange -traded funds.

The company's asset portfolio includes more than 1.7 million shares of the Fidelity Wise Origin Bitcoin ETF (FBTC) exchange-traded fund in the amount of $ 95.5 million, which is 13% more than in the previous application.

Goldman Sachs also owns more than 1.4 million shares of Grayscale's Bitcoin Trust (GBTC) worth $71.8 million, which is 116% more than in previous reporting. The bank owns 650,961 shares of Bitwise's Bitcoin ETF (BITB) worth $22.5 million, which is 156% more than in the previous reporting.

The Goldman Sachs portfolio also includes stakes in other funds managed by Invesco/Galaxy, WisdomTree and Ark/21Shares.
#HaveYouBinanced

#Bitwise Asset Management announced that NYSE Arca has applied to include the Bitwise 10 Crypto Index (BITW) fund in the list of #exchange -traded products.

The publicly traded trust fund worth $1.3 billion is currently listed on the OTCQX Best Market exchange.

"Bitwise believes that ETP is one of the most effective, convenient and useful tools for investing in cryptocurrency,— said Bitwise CEO Hunter Horsley. "We continue to strive to transform BITW into an ETP."

The transition to an ETP structure provides shareholders with significant benefits, including increased efficiency, protection from regulatory requirements and an arbitration mechanism.

This will allow the fund to more accurately match its net asset value (NAV), providing investors with greater liquidity.

Matt Hougan, Bitwise's chief investment officer, stated that since its founding in 2017, Bitwise has sought to provide investors with access to the revolutionary potential of cryptocurrencies.

He further explained that BITW has opened up new opportunities by becoming the first fund to offer a broad index approach to the cryptocurrency markets, and continues to lead its class.

BITW, launched in November 2017, became the first crypto index fund tracking the 10 largest crypto assets by market capitalization.

The fund became publicly traded on OTCQX in December 2020 and registered as an SEC reporting company in April 2021.

As of October 31, 2024, 75.1% of the fund's assets are Bitcoin, 16.5% — Ethereum, 4.3% — Solana, 1.6% — $XRP
, 0.7% — Cardano, 0.6% — Avalanche, 0.4% — Bitcoin Cash, 0.4% — Chainlink, 0.3% on Uniswap and 0.3% on Polkadot.
#NextMarketMoves

The Spanish cryptocurrency #exchange Bit2Me has announced that it will offer Argentine investors access to an extensive set of more than three hundred different virtual assets.

The official Bit2Me message says that the company's activities have been approved and comply with the requirements of the National Securities Commission of Argentina (CNV).

"By registering as a virtual asset service provider (VASP) in Argentina, Bit2Me complies with the country's regulatory framework, which allows it to operate transparently and securely," the statement said.

Registered users will have access to staking services, fast cryptocurrency payments using a joint Bit2Me and MasterCard card, as well as exchange operations paired with the Argentine peso.

In addition, Bit2Me plans to launch a 24-hour customer support service and a special educational website that will help users understand blockchain, cryptocurrency trading and finance.

Recall that in 2022, Bit2Me announced the acquisition of 100% shares in Dekalabs, a Spanish developer of reference software for blockchain, cryptocurrencies and Web3.
#USInflationAboveTarget