Short Sellers Bewildered by Significant Dogecoin Liquidation Imbalance; Major Adoption Milestone Achieved by Shibarium; Binance to Retire Old IOTA Deposit Addresses - Highlights from Crypto News by U.Today
Woah, Here's What Went Down Yesterday:
- Bye-Bye, DOGE Shorties?Turns out, Dogecoin traders faced some serious liquidations over the last 24 hours, sparked by the meme coin's price volatility. According to CoinGlass data, a whopping $3.61 million worth of DOGE bit the dust. Oh, and get this - there was a freakin' 123% liquidation imbalance! Long position traders lost a staggering $2.89 million as DOGE plummeted from $0.180 to a grim low of $0.1746. Can you believe it? Short position traders, on the other hand, lost less than a mill (just $720,160). At the time of press, DOGE is hanging at $0.1698, down 5.36%, with a slight increase in trading volume (around 1% to $1.05 billion). But hey, despite the slump, the vibe within the ecosystem remains bullish, with DOGE whales showing signs of hefty transactions, suggesting they predict a price surge.
- Shibarium's Big-Time Adoption VictoryCongratulations are in order for Shibarium! Its total address count metric has just crossed the 200 million mark. That's right, there are now 200,436,691 addresses on Shibarium's network. This ain't the first time Shibarium's hitting milestones. Back in March, it recorded a massive one billion transaction milestone. Guess what? The rapid adoption says a lot about the engagement within the Shibarium ecosystem. The SHIB team's been busy, recently launching the SHIB App Store to spur developers to unleash new projects. This move's making the user experience even sweeter, hinting at strong future growth for the platform.
- Binance Axing IOTA DepositsBinance.US, the American sibling of Binance, made a juicy announcement yesterday. It declared that it's about to retire existing IOTA deposit addresses, in preparation for the upcoming IOTA mainnet upgrade scheduled for May 5, 2025, 3:00 a.m. EDT. The dumping day for old addresses will be May 2, 2025, 11:00 p.m. EDT. Users are encouraged to wrap up all IOTA deposits before this date to avoid losing their funds. Post-upgrade, shiny new deposit addresses will arrive within a week. The IOTA Rebased upgrade marks a big step from the Stardust architecture to a new network secured by 13 validators. Although trading will keep on truckin', users should brace themselves for some temporary pauses in deposits and withdrawals during the tech-y liberation.
Y'all into Dogecoin, Shiba Inu, Shibarium, Binance, or IOTA?
- Yesterday's crypto news highlighted significant trading activity in Dogecoin, with a major $3.61 million in liquidations due to its price volatility.
- Alongside Dogecoin, the Shibarium ecosystem has shown strong engagement, with its total address count crossing the 200 million mark.
- In further developments, Binance.US announced the retirement of existing IOTA deposit addresses in preparation for the IOTA mainnet upgrade.
- Despite the liquidations and Dogecoin's slight drop to $0.1698, whale transactions hint at a potential DOGE price surge.
- The crypto exchange landscape is dynamic, with technological innovations such as IOTA's impending Rebased upgrade reshaping the finance sector.
- This discussion provides insights into crypto, crypto news, dogecoin, shibarium, binance, and iota, but it's essential to approach finance and technology matters with a discerning measure.
