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@WISE PUMPS ’s daily news digest keeps you informed of the most important updates in the crypto industry
#Grayscale CEO steps down
Binance issues important update on token listing strategy
Litecoin ($LTC ) whales waking up
@WISE PUMPS presents the top three news stories over the past day.
Grayscale CEO steps down
According to a recent press release, Michael Sonneshein, CEO at Grayscale, has stepped down from his position "to pursue other interests" after working at the company for 10 years. Succeeding Sonnenshein is Peter Mintzberg, global head of strategy for asset and wealth management at Goldman Sachs, with over 20 years of experience across the world’s leading #asset managers. Mintzberg will take up his new position on Aug. 15, 2024, joining Grayscale's Board of Directors at the same time. Following the CEO transition, Barry Silbert, founder and CEO of Digital Currency Group, took to social media to thank Sonnenshein for guiding the firm through exponential growth and to wish him "the best in his future endeavors." Sonneshein, in turn, thanked Silbert for his vision while wishing the Grayscale team "every success."
Binance issues important update on token listing strategy
In a recent announcement, Binance revealed its plans to make a drastic change to its token listing strategy. As stated in Binance's blog post, the exchange spotted a trend of listing predominantly high-value projects with low circulating supplies; such market structure causes concerns, wrote Binance in its recent report titled "Low Float & High FDV: How Did We Get Here?" as it leaves little sustainable upside for traders after the token generation event. To foster a healthy industry with a variety of market participants, Binance is stepping forward, providing support to smaller- to medium-valued projects. According to Binance, project owners may apply for listing on its platform through any of its channels. However, to qualify for listing as a small- or medium-cap project, applicants must have a Minimum Viable Product (MVP).
Litecoin (LTC) whales waking up
Over the past month, Litecoin whales have gone on a major accumulation spree. Data provided by #IntoTheBlock shows that in the last 30 days alone, Litecoin whale addresses have accumulated 2,751,633 LTC. The peak of activity occurred on May 10, when whale addresses saw a net inflow of over 900,000 LTC. Such accumulation could signal a major change in the Litecoin ecosystem and a rise in confidence among major holders. Especially notable was the May 10 single-day net inflow of over 900,000 LTC. This indicates a significant change in whale behavior, marking the largest daily accumulation of whale addresses since February. Previously, @WISE PUMPS reported that the #Litecoin network had processed over 245 million transactions since its inception, with a notable 39 million of those transactions occurring in 2024 alone. It is possible that whales are setting up to capitalize on Litecoin's impending developments.#BTC

#Launchpool This weekend was quite eventful for the crypto industry, so check out the top three news stories by U.Today to stay updated.
Solana (#sol ) flips $BNB to become fourth biggest coin
On Sunday, Dec. 24, Solana registered an important new milestone: it surpassed Binance Coin in terms of market capitalization, taking fourth place in #CoinMarketCap 's rating. Currently, Solana's market capitalization is standing at $50 billion, while BNB is trailing behind with $40.6 billion. The achievement comes at the time of a broader rally on the crypto market, with $SOL 's price hitting $119, marking an impressive 67.3% rise over the last seven days. Another noteworthy development is Solana outperforming major cryptocurrencies like Bitcoin and Ethereum in trading volumes on Coinbase. Last, but not least, Solana has experienced a surge in DEX volumes, surpassing all other chains with a 3,078% higher volume than Ethereum.
Bitcoin (#BTC ) reached new all-time high
In a recent significant development, Bitcoin's number of nonzero-balance addresses surpassed 50 million. This milestone indicates both the increasing user adoption of Bitcoin and the general acknowledgement of its legitimacy as an asset class. With the average holding per Bitcoin user now around $16,000, the implications for future price performance are significant. The all-time high recently reached by Bitcoin highlights the confidence that both users and investors have in the asset. The growing number of addresses is a bullish indicator of market strength, suggesting a solid foundation for future growth.
Shiba Inu sees eight trillion token withdrawal
Shiba Inu has recently witnessed a significant withdrawal from exchanges. Since November, more than eight trillion $SHIB worth approximately $88 millions have been moved out of known exchange wallets. This event represents a major shift in the token distribution process and could indicate changes in investor sentiment toward Shiba Inu. Per data provided by #IntoTheBlock , a more detailed analysis of transaction counts by size reveals diversified activity within the Shiba Inu trading community. Transactions from $0.00 to $1.00 increased by 25.71% over a 30-day period, while larger transactions above $1 million rose by 150%. The highest recorded transaction volume in a single week was 15.34 trillion SHIB, amounting to $158.1 million. This shows that both retail and large-scale investors are actively engaging with SHIB.
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Shiba Inu and three key data points might help SHIB rebirth
Shiba Inu (SHIB) was subjected to a major downtrend as market investors failed to hang onto the hype within the ecosystem on updates from lead developer #ShytoshiKusama . At the time of writing, Shiba Inu is changing hands for $0.00002401, down by 4.89% in the past 24 hours.
As Shiba Inu struggles to find its feet, three major on-chain metrics are worth watching closely.
#ShibaInu: reboot mission
While some investors focus primarily on price trends, a lot of other key ecosystem stakeholders focus on network actions, which generally determine the potential for long-term upsurges.
One of these is the profitability of SHIB. Per data from IntoTheBlock, a little more than 60% of addresses on the network accounting for 806,850 SHIB wallets are in profit at the moment.
With only 36.36%, or 475,260, Addresses out of the money, long-term investors are optimistic that $SHIB remains in a bullish spot, with its more than 129% growth in the year-to-date (YTD) factored in. Besides this, the Shiba Inu correlation with Bitcoin ($BTC ) is also a major factor to note.
As long as Bitcoin remains in good terrain owing to the accumulation of spot BTC ETF products, Shiba Inu may also maintain a fairly strong resilience. Lastly, Shiba Inu holders' composition time speaks volumes about the emancipation of the digital currency.
Per the #IntoTheBlock data, over 76% of current Shiba Inu holders have held it for more than one year. Those holding for 1-12 months are worth 21%, while those holding for less than one month are about 3%.
With this composition, should short-term holders choose to liquidate their holders, the impact may not weigh the token down very much.
Shiba Inu fundamentals
Besides the technical validation that is showing SHIB's retention, the trend on Shibarium and the expectations of network growth have helped sustain the optimism for the token overall.
From the Shibarium hardfork to the many listings of the Shiba Inu ecosystem tokens, the question of SHIB's rebound is a matter of if and not when.
#BNBCrossing660 #StartInvestingInCrypto

#Write2Earn ລາຄາຂອງ Dogecoin ກັບຄືນມາຟື້ນຕົວ ໂດດຂຶ້ນ 11% ໃນຄືນນີ້ ທ່າມກາງການຟື້ນຕົວຢ່າງໜັກໃນປະລິມານການຊື້ຂາຍ ແລະອາລົມຂອງ memecoin
ລາຄາຂອງ Dogecoin ($DOGE ) ໄດ້ເຂົ້າສູ່ເຂດຂາຂຶ້ນ (bullish zone) ແລະກຳລັງນຳພາການປະຕິວັດ memecoin ຄັ້ງໃໝ່ໃນມື້ນີ້ ເນື່ອງຈາກມັນຍັງຄົງການຟື້ນຕົວແບບ bullish ຕັ້ງແຕ່ຂ່າວກ່ຽວກັບບັນຊີ X Payments ຖືກລາຍງານໃນວັນທີ 20 ກໍລະກົດ. ໃນເວລາຂຽນນີ້ memecoin ກຳລັງຖືກປ່ຽນມືໃນລາຄາ 0.08818 ໂດລາ ເພີ່ມຂຶ້ນ 11.13% ໃນ 24 ຊົ່ວໂມງທີ່ຜ່ານມາ.
#DogecoinPrice ແລະ #on-chain Outlook
ຂໍ້ມູນອອນ-ແຊນທີ່ມີຢູ່ໃນຂະນະນີ້ສະແດງວ່າ Dogecoin ເພີ່ມຂຶ້ນຈາກລະດັບຕ່ຳສຸດໃນ 24 ຊົ່ວໂມງທີ່ 0.07899 ໂດລາ ໄປສູ່ລະດັບທີ່ມັນກຳລັງຊື້ຂາຍຢູ່ໃນປັດຈຸບັນ. ການຟື້ນຕົວທີ່ບັນທຶກໄວ້ໃນໄລຍະເວລານີ້ ໄດ້ຖືກຂັບເຄື່ອນໂດຍສ່ວນໜຶ່ງຈາກການກະໂດດແບບພາລາໂບລິກ (parabolic) ໃນປະລິມານການຊື້ຂາຍ. ຕົວຊີ້ວັດນີ້ ໄດ້ເພີ່ມຂຶ້ນ 289.72% ນຳໄປສູ່ປະລິມານທັງໝົດຂອງ DOGE ທີ່ຖືກຊື້ຂາຍເທົ່າກັບ 1,303,078,319 ໂດລາ.

#BTC Shiba Inu bulls are making a fierce attempt to guard the much-watched $0.000010 level, which, if lost, might put #SHIB💥 at risk of adding an extra zero to its price.
Shiba Inu has stably held the $0.00001 level since Dec. 20, after temporarily dropping to lows of $0.0000095. Even so, bears failed in an attempt to pull prices below this level, even during the Dec. 26 market flash crash.
Given that Shiba Inu has sustained above $0.00001 for 10 straight days, it appears that bulls are intent on flipping this level into support, which, if achieved, could present further upside gains for Shiba Inu.
While bulls are currently seeking to conquer this level, the next gargantuan hurdle awaits: a 553 trillion $SHIB barrier that, if overcome, could cause the SHIB price to more than double.
Shiba Inu (SHIB) break even price, courtesy: #IntoTheBlock
According to on-chain data from IntoTheBlock, Shiba Inu is currently closing in on a gigantic barrier, not far from where it currently trades.
Related
Shiba Inu (SHIB): Here's Fascinating Trend That Might Trigger New Bull Run
This is where 553.72 trillion SHIBs were bought by 317,800 addresses at a minimum price of $0.000011. These addresses bought the said quantity of SHIB at an average price of $0.000017 and a maximum price of $0.000027. This implies that the SHIB price would have to increase to the specified price range of $0.000011 to $0.000027 for these holders to break even on their positions.
At the time of writing, SHIB was down 1.98% in the last 24 hours to $0.0000104.
SHIB most traded on WazirX; LEASH new listing
Indian crypto #exchange WazirX recently released its 2023 year-end report. The top-performing coin by volume is $BTC , followed by SHIB.
Shiba Inu ranks among the most traded coins on the platform, alongside BTC, XRP, #ETH , $TRX and MATIC.
Crypto platform PointPay has announced the successful completion of the LEASH listing, allowing users to trade and hold the Shiba Inu ecosystem token LEASH.
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#MANTA Ke hoʻomākaukau nei nā bipi (bulls) e hoʻokūkū i ka pae nui aʻe no ke kumukūʻai SHIB
Hoʻolaha: 🗣🗣E Hoʻopōmaikaʻi i kā kākou Mikiona: Nā Tip no ka Paʻa i ka Lawelawe. 🗣🗣
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Hāʻawi kēia i ka poʻe hana e hana ikaika hou aku, e hōʻoia ana i ka hoʻomau ʻana i ka hāʻawi ʻana i nā ʻōlelo aʻoaʻo hoʻopukapuka maikaʻi loa.
Ke ʻano nei e hoʻomaha iki ana nā kohola Shiba Inu i kēia manawa ʻoiai e hoʻomākaukau ana nā bipi (bulls) e hoʻokūkū i ka pae nui aʻe no ke #SHIB💥 price.
Wahi a #IntoTheBlock ʻikepili, ua ʻike ʻia ka emi ʻana o ka nui o nā kālepa (large transaction volume) a Shiba Inu, ʻo ia ka mea e manaʻo ai i ka huina kālā i kālepa ʻia i kēlā me kēia lā e nā kohola (whales).

#Write2Earn Ang presyo sa Cardano misaka ug sobra sa 3% human sa mga transaksyon sa whale nga nakarekord ug dako nga pag-surge sumala sa datos gikan sa #IntoTheBlock
Sa usa ka kulata sa twist, #cardano ($ADA ) miapil sa pipila ra #altcoins❗️ sa top 10 sa mga asset pinaagi sa market capitalization, nga nanguna sa pag-surge sa presyo nga paborable sa bullish.
Taya presyo sa Cardano ug on-chain outlook
Ang presyo sa Cardano karon nagbaligya sa $0.5143, nga mas taas ug 3.6% sulod sa miaging 24 oras. Bisan pa niini, makaligutman ra kini kumpara sa mga pag-uswag sa Bitcoin ($BTC ) ug Ethereum ($ETH ) nga misaka ra ug 0.33% ug 0.12% matag usa.

#uma Shiba Inu burns tokens at blazing 543% rate despite $SHIB price drop
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Shiba Inu has seen a surge in its burn rate, a contradiction to its price, which is currently in the red. According to #SHIBburn , a platform that tracks the amount of SHIB tokens burned, the burn rate has increased by 543% in the last 24 hours, despite the SHIB price dropping by 4.5% in the same period.
In an earlier update, Shibburn reported on X that 26,138,334 SHIB tokens were burned in the last 24 hours in six #transactions .
#Ethereum Market Update: $ETH is currently in a key demand zone, ranging between $2,388 and $2,460. If this support holds strong, there's a clear path ahead with minimal resistance, offering a potential for upward movement.
⚠️ However, if #ETH🤩😁 fails to maintain this level, we… pic.twitter.com/F0HfyrSdGF
— Ali (@ali_charts) January 21, 2024
However, at press time, this amount of SHIB burned within a 24-hour time frame had increased to 46,601,160 SHIB compared to the figure of 14 million SHIB burned in the prior day.
Major cryptocurrencies began the week lower as investors remained anxious about the Bitcoin price decrease, seemingly decreasing their exposure to the broader market in anticipation of lower prices.
Shiba Inu, the second-largest dog-themed cryptocurrency by market value, declined 4.17% in the last 24 hours to $0.00000911, matching the broader market trend.
Shiba Inu has steadily decreased since reaching highs of $0.0000125 on Dec. 16, bringing it to a critical demand zone between $0.000009 and $0.00001, which might dictate its short-term price movement.
Shiba Inu sees 175% on-chain spike
Shiba Inu (SHIB) has seen an increase in on-chain activity in the last 24 hours, as some of the token's largest holders, or whales, have transferred considerable sums of SHIB to multiple destinations.
According to data from blockchain analytics company #IntoTheBlock , the volume of large transactions involving SHIB worth $100,000 or more has surged by 175.23% in the last 24 hours.
The volume of these large transactions increased from 344.65 billion SHIB on Jan. 20 to 940.41 billion on Jan. 21.