Binance’s Big Move, Ripple’s Bold Vision, and the Wallet You Need to Stay Ahead in Crypto!
The post Binance’s Big Move, Ripple’s Bold Vision, and the Wallet You Need to Stay Ahead in Crypto! appeared on BitcoinEthereumNews.com.
In the shifting currents of cryptocurrency, stability and adaptability are vital. Binance’s recent updates to leverage and margin tiers for Cardano (ADA) and Shiba Inu (SHIB) underscore the exchange’s influence on market behavior, while Ripple CEO Brad Garlinghouse emphasizes the need for regulatory clarity to restore trust in the sector. Amid these developments, tools like Plus Wallet take center stage, offering users a secure and flexible way to manage assets like ADA, SHIB, and XRP. With robust security and seamless integration with DeFi protocols, Plus Wallet equips users to navigate market changes with confidence and efficiency. Binance’s Leverage Update Binance has updated the leverage and margin tiers for several USD-M perpetual contracts, notably affecting Cardano (ADA) and Shiba Inu (SHIB). Consequently, these adjustments aim to enhance market stability and balance trading dynamics. Specifically, for ADA/USDT contracts, positions between $10,000 and $50,000 now have reduced leverage from 41-50x to 26-40x, while positions under $10,000 remain unchanged. Following this update, ADA experienced a 1.1% price decline, trading at $0.80 with a market cap of $28.7 billion. On the other hand, SHIB saw slight gains, trading at $0.000024, bolstered by increased on-chain transactions and a 3% rise in daily volumes. As a result, these developments reflect Binance’s influence on market sentiment and the dynamic nature of cryptocurrency trading. Brad Garlinghouse Pushes for U.S. Crypto Reform Meanwhile, Ripple CEO Brad Garlinghouse envisions a transformative era for cryptocurrency regulation under President-elect Donald Trump. Reflecting on the challenges faced during the previous administration, Garlinghouse highlights the aggressive legal actions by the U.S. Securities and Exchange Commission (SEC) that hindered growth and investor confidence in the crypto sector. Furthermore, he emphasizes that 95% of Ripple’s clientele is based outside the U.S., underscoring the need for domestic regulatory clarity to restore market trust. To illustrate, Garlinghouse advocates for…
Filed under: News - @ November 24, 2024 3:25 pm