Digest of Crypto News provided by U.Today
Binance has listed a Dogecoin (DOGE) trading pair, DOGE/TUSD, on its exchange among two others, WBTC/USDT and USDT/ARS. DOGE’s largest liquidity is against USDT on Binance, with over 20% of all DOGE trades taking place with this pair, but this is likely to change with the announcement of DOGE/TUSD. The share of BTC traded in pairs with TUSD has increased significantly on the exchange since Binance added support for TUSD as a native token on the BNB Chain two weeks ago.
Over 1.4 trillion Shiba Inu tokens were sold by large investors yesterday, causing the crypto market to crash following the circulation of a false report that the U.S. government was selling confiscated Bitcoins. The price of the token decreased by 8% in just an hour, leading to the sell-off.
XRP sales from Ripple rose to $361.06 million in Q1, marking a significant increase from the previous quarter’s $226.31 million, according to Ripple’s XRP Markets Report. Ripple also reported strong XRP Ledger on-chain activity in comparison to Q4 of 2022, with decentralized exchange volumes increasing by 34% to $115 million and the average daily volume on centralized exchanges jumping by 46% to reach $1 billion in the first quarter. Despite market turmoil caused by events such as the collapse of Silvergate and the shutdown of Signature Bank, XRP markets remained resilient with a 46% quarter-over-quarter increase in volume.
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