Crypto News Digest from U.Today

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Latest Developments in the Crypto World: Top Three Stories

Coinbase Delists 80 Trading Pairs from Its Platform

On October 16, Coinbase announced the suspension of trading on various non-USD markets across its platforms, including Coinbase Exchange, Advanced Trade, and Coinbase Prime. As a result, numerous cryptocurrencies paired with BTC, EUR, GBP, and USDT have been removed. This delisting impacted a total of 80 trading pairs, such as ACH-USDT, ARPA-EUR, BAND-BTC, SUSHI-BTC, and several others. Coinbase stated that this significant adjustment aims to enhance overall market health and consolidate liquidity.

Max Keiser Predicts Bitcoin Will Reach $220,000 Soon

Bitcoin advocate Max Keiser has shared his insights regarding when BTC might hit the $220,000 mark, a price point he previously forecasted. In a recent post, he highlighted that many people inquire about the timeline for such a surge. Keiser emphasized that Bitcoin tends to reach these high levels amid social unrest and societal breakdowns, which are becoming increasingly evident in various regions due to ongoing geopolitical conflicts. He advised Bitcoin holders globally to brace themselves for both increased prices and potential economic turmoil.

Whale Alert: Huge $31.6 Million SHIB Transfer

According to reports from cryptocurrency tracker Whale Alert, an anonymous whale made a significant transfer of 4.5 trillion SHIB, valued at $31.6 million, to an undisclosed wallet. Data indicates that a substantial portion of Shiba Inu’s circulating supply is held by a few large holders, with 12 addresses each controlling more than 1% of the supply, totaling 63.48% or approximately 623.48 trillion SHIB. In contrast, 47 smaller investor addresses collectively own 14.22%, or around 139.68 trillion SHIB. This concentrated ownership can lead to notable market ramifications when large transactions occur.

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