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Leading crypto exchange Binance announces plans to delist a trading pair associated with dog-themed token Shiba Inu (SHIB).

According to a blog post today, Binance will remove the SHIB/TUSD trading pair effective on June 28 at 03:00 AM (UTC).

The decision aligns with the exchanges periodic reviews of all listed spot trading pairs to guarantee users protection. Following these reviews, the exchange usually delists trading pairs with low liquidity and volume. Consequently, it has decided to delist the SHIB/TUSD pair due to its low volume or liquidity.

Data from Binance shows that the SHIB/TUSD pair has a minimal 24-hour trading volume of $17,577, which equates to over 992 million SHIB tokens.

Binance noted that it plans to terminate spot trading bot services for SHIB/TUSD on June 28. Hence, users are advised to update or cancel their trading bot for SHIB/TUSD to avoid incurring potential losses.

It bears mentioning that this is not the first time Binance has removed a Shiba Inu trading pair. Last year, the top exchange removed the SHIB/BUSD margin pair, as part of plans to discontinue support for the BUSD stablecoin.

Despite the upcoming removal of SHIB/TUSD, Binance will continue to support eight other Shiba Inu trading pairs, such as SHIB/USDT, SHIB/FDUSD, SHIB/USDC, SHIB/EUR, SHIB/TRY, SHIB/BRL, SHIB/DOGE, and SHIB/JPY. This suggests that Binance users can still trade SHIB on the aforementioned pairs.

Besides SHIB/TUSD, Binance also revealed plans to delist other crypto spot trading pairs on June 28 at 03:00 AM (UTC). The affected pairs include BLUR/FDUSD, MEME/ETH, LINK/TUSD, OSMO/BTC, NFP/BNB, and METIS/FDUSD.

Meanwhile, the decision did not have a negative impact on SHIBs price action. At press time, SHIB was changing hands at $0.00001750, with a 24-hour increase of 0.63%. The token, which was plagued by the recent market downturn, currently boasts a trading volume of $355.51 million.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Binance to Remove This Shiba Inu Spot Trading Pair - The Crypto Basic

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MoonBag Crowned Top Meme Coin Presale in 2024 While Binance and Polygon Spiral Downitbot - Blockonomi

Binance CEO Richard Teng offered guidance to beginners in the cryptocurrency market. In the latest post on X, Teng stressed that it is high time to know the basics of blockchain, invest a lot of time in research, and begin with small amounts of money on reliable Internet platforms.

According to his understanding, Teng noted that new users must understand blockchain and cryptocurrencies. He claimed that investors are enabled to make the correct decisions and deal with the convolutions of cryptocurrencies.

Teng recognizes undertaking extensive research and recommends investors do their research on different blockchain networks through DYOR or Do Your Own Research which empowers any person to determine the viability and authenticity of numerous crypto assets.

According to Teng, first-time crypto investors should start slowly by investing small amounts in reliable trading venues enabling learners to get familiar with market conditions and reduce risk-taking potential adequately.

Teng argues that through small investments, people can gradually develop their skills in the investment process. He pointed out that it is crucial to venture into developments in already existing structures that are secure and compliant with the set legal standards to help protect investments.

Also Read: Binance CEO Richard Teng terms Bitcoin Halving 2024 unique

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Binance CEO Advises Newbies on Crypto Investments - Crypto Times

Tigran Gambaryan is an American hero. He served his country as an IRS special agent for a decade, using his cutting-edge cyber skills to help bring down online criminal gangs. In private practice at Binance he continued to work with law enforcement and other crypto firms to track and report terrorists. Since February, he has been languishing in prison in Nigeria, where he arrived as an emissary for Binance, but then was snatched on spurious grounds by government officials.

The situation has been an ordeal for Gambaryan, who has contracted malaria and pneumonia, and for his wife and small children at home in Georgia. The outrageous situation has flown largely below the radar, but that began to change last week as U.S. lawmakers French Hill (R-Ark.) and Rep. Chrissy Houlahan (D-Pa.) visited Gambaryan in Nigerias Kuje prison, which also houses members of the notorious Boko Haram terrorist group.

The visit came after a bipartisan group of 16 U.S. lawmakers this month sent a letter urging for Gambaryans release to President Joe Biden, which led over 100 U.S. prosecutors and special agents to send a similar missive to the State Department. Meanwhile, the Nigerian government offered a concession of sorts by dropping tax evasion charges against Gambaryan following a rare visit to the country by FBI Director Christopher Wray. The purpose of the visit was to address broader regional concerns, and Wray did not publicly speak about Gambaryans plight, but the timing of the concession suggests the issue came up.

Meanwhile, Nigerian media has recently criticized the government for continuing to detain Gambaryan on separate money laundering charges. On the podcast Nigeria Politics Weekly, commentators described Gambaryan as a scapegoat for the countrys economic mismanagement, and said there is evidence other corporate officials have begun to avoid Nigeria out of fear of state-sanctioned kidnapping.

Its a good bet that all of this had led Nigerias government to regret its unjustified decision to snatch Gambaryan. The thing to watch now is whether the Biden administration chooses to keep the heat on Nigerian authoritiesa choice it previously avoided, presumably because Gambaryans current employer, Binance, has a history of playing it fast and loose with U.S. laws. Thats a fair concern but, in the case of Gambaryan, he is a former U.S. law enforcement agent. The country he served should not forsake him in his time of need.

Speaking of Americans wrongfully detained abroad, Russia is set to try Wall Street Journal reporter Evan Gershkovich behind closed doors on trumped-up espionage charges. Please give both Gambaryan and Gershkovich a thought as you enjoy your freedom today.

Jeff John Roberts jeff.roberts@fortune.com @jeffjohnroberts

Ethereum gas fees hit their lowest level since 2020, likely the result of recent network upgrades and layer-2s gaining traction. (The Block)

A profile of Binances general counsel reveals she oversees 80 lawyers and has set up a special team to work with the monitors imposed by the U.S. government. (Bloomberg)

In a recent X exchange, tech billionaire Michael Dell appeared to boost MicroStrategy CEO Michael Saylors Bitcoin cheerleading. (CoinDesk)

Bitcoins latest dip appears to have been fueled in part by Germany selling off $3 billion worth of the currency it had seized from a movie piracy site. (Decrypt)

A new Spanish-language ad features a young man sending money to his grandmother in Mexico, part of a $2 million campaign by Coinbase targeting Latino voters. (Reuters)

Come for the fun, stay for the paranoia:

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U.S. lawmakers turn up the heat over Nigeria's unlawful detention of Binance exec - Fortune

A rare Satoshi era Bitcoin miner address woke up after being dormant for 14 years, sending over $3 million worth of BTC to Binance.

An early Bitcoin miner moved 50 BTC, equivalent to $3.05 million, marking a rare transaction from the Satoshi era. According to data from Lookonchain, the address 1PDTDm3Jcm sent the funds to Binance on Jun. 27.

Blockchain transaction history indicates that the miner obtained 50 BTC in July 2010, a few months after the Bitcoin network launched.

A miner wallet woke up after being dormant for 14 years and deposited 50 $BTC($3.05M) to #Binance 7 hours ago.

The miner earned 50 $BTC from mining on July 14, 2010.

Address: 1PDTDwpgRPdQaCcp3Th6zaMASgcCcm3Jcm pic.twitter.com/toKmBfbUne

The Satoshi era address refers to addresses that were active during the early days of the Bitcoin network, specifically from the time when the first cryptocurrency was created by Satoshi Nakamoto in 2009 until around 2011, which is when Satoshi Nakamoto mysteriously disappeared.

This is not the first instance of old Bitcoin wallets reactivating. Several addresses from the Satoshi era have shown activity since early 2023. In July of last year, a wallet dormant for 11 years transferred $30 million worth of Bitcoin to other wallets. In August, another wallet moved 1,005 BTC to a new address.

In March 2024, another long-inactive miner transferred funds after 14 years, with part of the transaction ending up at the crypto exchange Coinbase.

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Dormant Bitcoin miner sends $3m to Binance after 14 years of inactivity - crypto.news