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Crypto
Shiba Inu rises but futures money pulls out; net inflow plunges 865 percent
Shiba Inu (SHIB) rose slightly with a broader market rebound, but funds left the futures market, weakening short-term buying sentiment. Its futures net exposure fell 865 percent in 24 hours. SHIB gained 2.37 percent to $0.00000598 as total crypto market value edged up to $2.13 trillion. CoinGlass data showed outflows exceeding inflows, while $145.71 million in long positions were liquidated across the crypto market.
Crypto
Binance releases user safety guidelines to prevent simulated token scams
Binance said on Feb. 9 it released guidelines to protect users from a surge in simulated token scams. The exchange described how scammers create fake tokens that closely copy names, symbols and logos, then distribute them or expose them on decentralised exchanges to induce purchases or swaps. Binance said visual token information can be forged and urged users to verify token contract addresses using network-specific explorers and other tools.
Crypto
Ethereum privacy protocol Railgun hits record usage
Usage of Ethereum-based privacy protocol Railgun has hit an all-time high, increasing interest in blockchain privacy. Railgun uses zero-knowledge proofs to process asset transfers between users and DeFi transactions privately. On-chain analytics platform Etherscan said daily use of shielded transactions has continued to rise, recently reaching a record 328 in a day. Shielded transactions hide wallet addresses and transaction details on-chain.