Binance, the world’s largest cryptocurrency exchange by trading volume, has stated that BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), and Waltonchain (WTC) will be removed from its platform. 

The following trading pairs will be deleted when the amendment goes into effect on December 7: BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, and WTC/USDT.

Binance’s ‘market cleansing’ portfolio for December 2023

Binance writes to its users, “At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users.”

#Binance will delist the following tokens on December 07, 2023. 🔸 $BTS🔸 $PERL🔸 $TORN🔸 $WTC Full details here ⬇️https://t.co/0a1a1Zu8oS

— Binance (@binance) November 27, 2023

The delisting appears to be the result of a number of factors, including decreased development activity, low trading volume, and liquidity, evidence of unethical/fraudulent conduct or negligence, and others. 

The announcement has harmed the prices of the aforementioned crypto assets, with several falling by double digits. WTC has plummeted 35% in the last 24 hours, TORN has dropped 40%, and PERL has dropped 45%. Here are the market prices at the time of writing:

Waltonchain (WTC) is currently trading at $0.110246 with a 24-hour trading volume of $14,747,669.94, according to CoinGecko. This indicates a -33.89% drop in the last 24 hours and a -33.20% drop in the last 7 days. 

BitShares (BTS) is currently trading at $0.00655862 with a 24-hour trading volume of $10,272,107.99. This indicates a -39.31% drop in the last 24 hours and a -40.09% drop in the last 7 days. 

Today’s PERL.eco (PERL) price is $0.00956272, with a 24-hour trading volume of $10,196,043.04. This indicates a -45.58% drop in the last 24 hours and a -48.31% drop in the previous 7 days. 

Tornado Cash (TORN) is currently worth $2.10, a -3.8% decrease from an hour ago and a -42.1% decrease from yesterday. TORN is currently worth -43.5% less than it was 7 days ago. The total volume of Tornado Cash moved in the last 24 hours was $7,482,370.

The list of other delisted coins

Binance delisted ten spot trading pairs, including APT/BUSD, AXS/BUSD, FIL/BUSD, and USTC/BUSD, last week. The marketplace did not specify the reason for the change, only that it examines trading pairs on a regular basis and removes some of them owing to “poor liquidity and trading volume.”

It is worth noting that all of the deleted trading pairings are BUSD, with the exchange previously stating that support for the stablecoin will be discontinued at the beginning of 2024. Customers have been encouraged to change their BUSD holdings to other assets before February 2024.

The delisting took place just days after Binance agreed to settle money-laundering accusations with the US DOJ and pay a hefty $4.3 billion penalty. In addition, the former CEO, Changpeng Zhao, resigned and was replaced by Richard Teng.

December coin unlocks – Should you invest?

In December, around $750 million in vested digital assets are slated to be unlocked and released into the markets. Note that it’s up to you to decide which coins to invest or not to invest in.

Among the projects releasing locked tokens, the decentralized exchange dYdX will release the most. In December, the exchange is anticipated to unlock 150 million tokens vested for investors, founders, and workers. At current market levels, the tokens are worth over $500 million.

Aside from dYdX, other projects are also planning to unlock their hold on token allocations very soon. According to token data tracker Token Unlocks, Ethereum layer-2 network Optimism is also set to unlock 24 million Optimism (OP) tokens, valued at around $41 million, on Nov. 30. 

In addition to dYdX and Optimism, the decentralized financial system 1inch Network will issue around 98 million 1inch (1INCH) tokens on December 1. At the time of writing, the tokens were worth approximately $33 million.

Additionally, Aptos, a proof-of-stake blockchain project, will be one of the projects releasing a large quantity of tokens in December. According to Token Unlocks data, Aptos will unlock approximately 25 million Aptos tokens valued at nearly $180 million on December 12.

Bitcoin (BTC) broke above the overhead resistance of $38,000 on Nov. 24, indicating that the sentiment is positive and bulls have kept up the pressure. Independent Reserve CEO Adrian Przelozny told Cointelegraph that the “next two years are going to be good,” and market activity is likely to pick up in early 2024.

The major catalysts for next year is the Bitcoin halving in April and applications for a spot Bitcoin exchange-traded fund, some of which have a deadline for a decision in January. With two main events on the horizon, Bitcoin is likely to find buyers on dips.

Daily cryptocurrency market performance. Source: Coin360

Analysts expect a retracement from $40,000 in the near term. That could be one of the reasons why Cathie Wood’s investment firm, ARK Invest, has been gradually selling into strength. The firm sold about 700,000 shares of the Grayscale Bitcoin Trust (GBTC) over the past month, but it is worth noting that ARK still holds more than 4.3 million GBTC shares.

Could crypto traders bulldoze their way through the overhead resistance levels in Bitcoin and major altcoins? What are the important levels to watch out for?

Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin pierced the stiff resistance of $37,980 on Nov. 24, but the bulls are struggling to sustain the breakout. This suggests that the bears are vigorously guarding the level.

BTC/USDT daily chart. Source: TradingView

Both moving averages are sloping up, and the relative strength index (RSI) is above 61, indicating that the path of least resistance is to the upside. If buyers maintain the price above $37,980, the BTC/USDT pair could reach $40,000.

This level may again witness a tough battle between the bulls and the bears, but if the buyers prevail, the pair could skyrocket to $48,000. Time is running out for the bears. If they want to weaken the momentum, they will have to sink the price below the 20-day EMA. The short-term trend will turn negative below $34,800.

Ether price analysis

The bulls pushed Ether (ETH) above the resistance line on Nov. 22, suggesting the start of the next leg of the up-move.

ETH/USDT daily chart. Source: TradingView

The bears tried to pull the price back below the resistance line on Nov. 23, but the bulls held their ground. This suggests that the bulls are trying to flip the resistance line into support. If they succeed, the ETH/USDT pair could start a northward march toward $2,200.

This level may again act as a formidable resistance, but if bulls overcome it, the pair will complete a large ascending triangle pattern. That could open the gates for a potential rally to the pattern target of $3,400.

This bullish view will be invalidated in the near term if the price turns down and plummets below the vital support at $1,900.

BNB price analysis

BNB (BNB) jumped above $235 on Nov. 22, but the bulls could not overcome the obstacle at the 20-day EMA ($239). This suggests that bears are trying to take control.

BNB/USDT daily chart. Source: TradingView

The 20-day EMA has started to turn down, and the RSI is just below the midpoint, indicating a minor advantage to the bears. The short-term trend will turn negative on a break and close below the crucial support at $223. That could clear the path for a fall to $203.

If bulls want to prevent the downside, they will have to push and sustain the price above the 20-day EMA. The BNB/USDT pair may then spend some more time inside the large range between $223 and $265.

XRP price analysis

The bulls are trying to shove XRP (XRP) above the 20-day EMA ($0.62), which suggests strong buying at lower levels.

XRP/USDT daily chart. Source: TradingView

The 20-day EMA has flattened out, and the RSI is near the midpoint, indicating range-bound action in the short term. The XRP/USDT pair may swing between $0.56 and $0.74 for a few days.

If the price rises and sustains above the 20-day EMA, the pair could gradually climb to $0.67 and thereafter to $0.74. Buyers will have to overcome this hurdle to indicate the start of a new up-move.

Conversely, if the price turns down from the current level and breaks below $0.56, it will signal the start of a sharper correction to $0.46.

Solana price analysis

Solana (SOL) has been trying to break above the $59 resistance for the past two days, but the bears have held their ground. A minor positive in favor of the bulls is that they have not ceded ground to the bears.

SOL/USDT daily chart. Source: TradingView

The rising 20-day EMA ($52.80) and the RSI in the positive territory suggest that bulls have the upper hand. That enhances the prospects of a rally above the overhead resistance. If that happens, the SOL/USDT pair could ascend to $68.

Contrary to this assumption, if the price turns down from the current level, the bears will strive to tug the pair below the 20-day EMA. If they can pull it off, the pair may drop to $48, where buyers are likely to step in.

Cardano price analysis

Cardano (ADA) has been swinging above and below the $0.38 level for the past few days. This shows uncertainty about the next directional move between the bulls and the bears .

ADA/USDT daily chart. Source: TradingView

The upsloping moving averages and the RSI in the positive territory indicate that the bulls have a slight edge. If the price rises above $0.40, it will signal the start of a new up-move to $0.42 and later to $0.46.

If bears want to trap the aggressive bulls, they will have to yank the price below $0.34. That may result in a fall to the 50-day SMA ($0.31). The ADA/USDT pair may then oscillate between $0.24 and $0.38 for a while longer.

Dogecoin price analysis

Dogecoin (DOGE) has been maintaining above the 20-day EMA ($0.08) for the past two days, but the rise lacks momentum. This indicates that bulls are cautious at higher levels.

DOGE/USDT daily chart. Source: TradingView

Buyers will have to propel the price above $0.08 to signal strength. The DOGE/USDT pair could then surge toward the target objective of $0.10. This level may again witness a tough battle between the bulls and the bears.

If the price turns down from $0.08, it will suggest that bears remain active at higher levels. The pair may then drop to the immediate support at $0.07. The flattish 20-day EMA and the RSI just above the midpoint do not give a clear advantage either to the bulls or the bears.

Toncoin price analysis

Buyers are trying to push Toncoin (TON) to the overhead resistance of $2.59. The repeated retest of a resistance level tends to weaken it.

TON/USDT daily chart. Source: TradingView

If bulls drive and sustain the price above the $2.59 to $2.77 resistance zone, it will complete a cup-and-handle pattern. That could start a new uptrend to $3.28 and thereafter to the pattern target of $4.03.

Alternatively, if the TON/USDT pair turns down from the overhead resistance, it will suggest that bears are fiercely protecting the level. That could result in a move down to the 50-day SMA ($2.20). A slide below this level will open the doors for a fall to $2 and subsequently to $1.89.

Chainlink price analysis

Chainlink (LINK) is facing selling at the downtrend line, as seen from the long wick on the Nov. 23 candlestick.

LINK/USDT daily chart. Source: TradingView

However, the bulls have not given up and have again pushed the price to the downtrend line. The price is stuck between the downtrend line and the 61.8% Fibonacci retracement level of $12.83. This has resulted in a squeeze, likely resolving with a sharp move on either side.

If the price surges above the downtrend line, the LINK/USDT pair may climb to $16.60 and then to $18.30. Instead, if the price turns down and plunges below $12.83, the decline could extend to the 50-day SMA ($11.21).

Avalanche price analysis

Avalanche (AVAX) has reached the overhead resistance at $22, which is an important level to watch out for. The bears are expected to defend this level with vigor.

AVAX/USDT daily chart. Source: TradingView

However, if bulls do not give up much ground from the current level, it will increase the likelihood of a break above $22. The pair may then climb to $25 where the bears are likely to mount a strong defense.

On the downside, the 20-day EMA ($18.40) remains the key level to keep an eye on. If the price turns down and slips below this level, it will suggest the start of a deeper correction to $16. Such a move will indicate that the AVAX/USDT pair may spend some more time inside the large range between $10.50 and $22.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The class action complaint alleges that Apple’s policy of limiting cryptocurrency payments may be in violation of anti-trust regulations.
There have been several accusations that Apple engages in anti-competitive actions related to the payment methods that are compatible with their products.
The most high-profile instance of this kind of action against the Cupertino electronics maker can be seen in the seminal case vs. Epic Games. In this case, Epic Games was able to win the right to notify app users of other payment methods that could avoid Apple Pay’s 30% cut of the revenue.
The giant had to cope with a private antitrust case in September, when they were said to have harmed rival wallets by exploiting their monopoly on Apple products. European Union authorities have also launched a similar probe. Their results have remained undisclosed at this time.
But now Apple is the target of a new class-action lawsuit in California, which accuses the tech giant of severely limiting the use of cryptocurrency as a payment option. The plaintiffs claim that Apple consumers are unjustly charged exorbitant fees for using their payment systems, and that there are no other options available to them.
When it comes to mobile P2P payments, the iPhone is king. With decentralized payments, iPhone users may send money to one other directly, without any middlemen, and at far cheaper transaction rates compared to what services like Venmo, Cash App, and Apple charge to transfer funds between bank accounts and credit cards. Despite its clear practicality, the iPhone still lacks support for decentralized payment processing.
This latest complaint claims that Apple has conspired with PayPal and Block’s peer-to-peer payment network CashApp to engage in anti-competitive practices.
The plaintiffs did not sue Block or PayPal, which is rather interesting. The plaintiffs may be implying that they feel PayPal and Block were coerced into these anti-competitive arrangements.
It is up to the court to determine whether the two businesses were coerced into the agreement or if the conditions were mutually advantageous.
Among the crypto-related applications that the complaint claims Apple has banned from the App Store are the Zeus Bitcoin wallets. The decentralized social networking software Damus, which Dorsey supported, faced similar threats of removal from the software Store for its tipping function. However, it was ultimately granted permission to remain on the marketplace.

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