Plans are underway for crypto exchange Binance to list World | The Crypto Basic on Binance Square

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The Crypto Basic

24 Jul 2023

Plans are underway for crypto exchange Binance to list Worldcoin (WLD).#Binance #BNB #WLD #Worldcoin​ #crypto2023 

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#shiba⚡ Inu Layer-2 blockchain Shibarium has achieved an incredible milestone by processing its one billionth transaction in less than two years after its launch. In an interesting development, Shibarium transaction volume has surpassed 1 billion. This implies that the popular Layer-2 blockchain has processed over 1 billion transactions since its launch in August 2023, less than two years ago. Shibarium reached the incredible milestone of 1 billion transactions yesterday after recording a daily transaction count of 4 million. Notably, Shiba Inu’s blockchain has crossed the 1 billion mark, as it currently boasts a transaction volume of 1,001,311,027 (1.001 billion). Surpassing the 1 billion transaction mark in less than two years indicates that Shibarium can handle high volumes, which is a testament to its robustness and the community’s active participation. Shiba Inu Shibarium Achieves Feat Faster Than Bitcoin This remarkable feat puts Shibarium on the list of blockchains that have processed over 1 billion transactions. Several blockchains, like Bitcoin and Ethereum, have already crossed the 1 billion mark. However, compared to most established blockchains, Shibarium’s journey to the 1 billion transaction mark was fast. For instance, while it took Bitcoin 15 years to hit the one billion transaction mark, Shibarium achieved the feat in less than two years. Shibarium launched on August 16, 2023, recording its first transaction. Despite the technical issues that took the network offline for two weeks after its launch, it resumed activity in late August 2023 and has remained operational ever since. Shibarium processed its one billionth transaction on March 31, 2025, suggesting that the network achieved the milestone in 593 days, or 84 weeks and five days. #Crypto

10h

Prominent crypto firm and USDT issuer Tether bolstered its exposure to #Bitcoin with a $735 million acquisition on Monday. Data from Arkham shows that the leading stablecoin issuer bought more Bitcoin yesterday. Per the on-chain analysis, Tether withdrew 8,888 BTC from Bitfinex, a crypto exchange and sister company, on Monday at precisely 20:58 (UTC). The acquisition took its total holdings to 92,647 BTC, worth $7.7 billion at the current market price. It has also placed the stablecoin issuer among the largest holders of Bitcoin, the largest cryptocurrency by market cap. Tether Expands Bitcoin Reserve Tether has dominated the stablecoin industry, controlling 61% of its entire supply. For context, Tether has a market cap of nearly $144 billion, and the stablecoin sector has a valuation of $234 billion. Meanwhile, the highly profitable stablecoin issuer has also extended its prominence among Bitcoin-holding addresses. Its Monday acquisition of 8,888 BTC reinforces its place as the sixth-largest wallet holding the crypto firstborn. Data from Bitcoin Treasuries shows that Tether is the second-largest private firm holding Bitcoin, just below investment firm Block.one. In general, only Strategy (formerly MicroStrategy) and the top three US Bitcoin spot ETF issuers (BlackRock, Fidelity, and Grayscale) outhold the El Salvador-based USDT issuer. Notably, Tether’s expanding Bitcoin reserve commensurates with its pledge to use a portion of its net profit to acquire the asset. The issuer committed to this course in May 2023, committing 15% of its net realized operating gains to stacking the pioneering cryptocurrency. Its last accrual was an 8,404 BTC acquisition in December, taking its stash to 83,759 BTC at the time. #CryptoNewss

10h

#Bitcoin drops below $82K, signaling a potential extended correction to $80K amid rising fear and uncertainty. With crypto market liquidations reaching up to $217 million in the past 24 hours, Bitcoin is experiencing a sharp pullback. Over the past four days, Bitcoin has fallen by 6%, hitting a 24-hour low of $81,287. Currently, Bitcoin is trading at $81,993, showing signs of a lower price rejection. Will this lead to a bullish rebound and prevent a retest of the $80,000 support level? Bitcoin Analysis Warns of a Retest Near $80K In the daily chart, Bitcoin’s price action shows a sharp bearish reversal from an overhead resistance trendline. This breaks the 67.8% Fibonacci level at $86,145 and the 200-day EMA near $85,500. With a series of consecutive bearish candles, Bitcoin is approaching the 50% Fibonacci level at $79,957. However, despite the bearish pressure, the lower price action in the past three candles suggests a potential reversal. Nevertheless, the downtrend has triggered a bearish crossover in the MACD and signal lines, indicating a possible steep correction ahead. Meanwhile, the declining trend in the 50-day and 200-day EMAs points toward a golden crossover. Bitcoin ETFs’ Streak of Consecutive Days of Inflows Ends Despite the bearish market, Bitcoin ETFs saw an inflow of $196 million last week, marking the second consecutive week of positive inflows after a $744.35 million inflow the previous week. However, the monthly net inflow is negative, at -$696.84 million. Furthermore, on March 28, a $93.16 million outflow ended a streak of 10 consecutive days of inflows. Most of this outflow came from Fidelity, which recorded a withdrawal of $93.16 million, while other Bitcoin ETFs maintained zero flows. #CryptoNewss

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