Crypto News Digest from U.Today

Recent Developments in the Crypto World: Top 3 News Stories

Coinbase Delists 80 Trading Pairs

On October 16, Coinbase announced the suspension of trading for various non-USD markets across its platforms, including Coinbase Exchange, Advanced Trade, and Coinbase Prime. This decision resulted in the removal of 80 trading pairs, which comprised cryptocurrencies paired with BTC, EUR, GBP, and USDT. Some notable delisted pairs include ACH-USDT, ARPA-EUR, BAND-BTC, SUSHI-BTC, and several others. Coinbase cited its commitment to enhancing overall market health and consolidating liquidity as the reasons behind this significant reduction in trading pairs.

Max Keiser Predicts Bitcoin’s Future Price

Prominent Bitcoin enthusiast Max Keiser recently shared his perspective on when BTC might reach the anticipated price of $220,000. In a post on a social media platform, he noted that many followers are curious about the timeline for this price level. Keiser emphasized that Bitcoin tends to achieve such milestones amid significant social unrest and societal upheaval. With global geopolitical tensions contributing to ongoing unrest, he advised Bitcoin holders to brace for potentially "higher prices AND economic collapse," extending his best wishes to everyone.

Massive SHIB Transfer by Crypto Whale

According to crypto tracker Whale Alert, an anonymous whale conducted a significant transfer of 4.5 trillion SHIB, valued at $31.6 million, to an undisclosed wallet. Data from IntoTheBlock indicates that a substantial portion of SHIB’s circulating supply is held by a small number of major holders. Presently, 12 whale addresses each control more than 1% of the total circulating supply, accounting for 63.48% of the 623.48 trillion SHIB in existence. In contrast, 47 smaller investor addresses hold a collective 14.22% of the supply. This concentrated ownership means that large transactions can significantly impact the market.