Recent Binance Updates, Shibarium Revival and More: Bit Recap, October 24

TL;DR

• Binance introduced 1,000 CATUSDT perpetual contracts and delisted four altcoins, causing significant price drops.
• Shibarium’s daily transactions increased significantly, but SHIB’s price fell 2% over the week.
• Bitcoin (BTC) saw high volatility, falling below $65,500 before rallying back to around $67,200.

Latest Binance Amendments

The largest crypto exchange continues to expand its list of trading options to respond to market trends. Earlier this week he spear 1000CATUSDT perpetual contracts on It is eventually platform. The offering allows leverage up to 75x and supports multi-asset mode.

Somewhat expectedSimon’s Cat (CAT) saw a substantial rally shortly after the announcement. Its price exploded by 65% ​​daily, while its market capitalization approached $250 million. The resurgence continued in the following days, with CAT’s valuation climbing another 7% in the last 24 hours.

In addition By adding new services, Binance regularly removes some existing cryptocurrencies due to factors such as low liquidity and low trading volume.

As CryptoPotato reportedthe latest wave of delisting affected Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI). Altcoins will no longer be available on the platform from November 6, while withdrawals will be taken care of until February 6, 2025.

KP3R, OOKI, and UNFI saw significant declines after the disclosure, with their prices falling by around 40% each.

Shibarium is in the news again

Shiba Inu’s layer 2 blockchain solution has made an impressive comeback in recent days. As of October 22, the number of daily transactions processed on the network jumped to 1.77 million, a peak of almost 1,300% on a 24-hour scale. The number continued to climb, reach 3.24 million the next day. Levels this high were last seen in February this year.

Shibarium enhances the ability of the Shiba Inu ecosystem to efficiently handle more transactions, making it easier for users to adopt the platform for decentralized applications. This could lead to higher demand for SHIB as a utility token, which could potentially lead up its value. Despite the protocol’s revival, the price of the same coin is in the red on a weekly scale, down 2%.

The ups and downs of BTC

Last but not the leastwe will discuss the leading cryptocurrency, which has seen significant volatility lately. Its price started the week at over $69,000, with many industry players imagine further gains above the psychological mark of $70,000.

Contrary to these expectations, BTC headed south in the following days, dipping below $65,500 on October 23. The bullsHowever, reacted instantly, causing the price to rise by two thousand dollars in a few hours. Currently, the asset is worth around $67,200 (according to CoinGecko data), representing a 10% increase on a two-week scale.