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Crypto

BitMart to wind down crypto exchange after 9 years, to end operations in January 2027

BitMart will end operations of its global cryptocurrency exchange after 9 years, with full shutdown set for Jan. 31, 2027 at 1559 UTC. Trading is being restricted in phases, including halts to new account openings, deposits and new spot and futures orders. Automated services will also be wound down. Users will still be able to log in for a period after operations stop to review records and request withdrawals, but enhanced checks may apply.

Crypto

XRP spot buying rises as Binance perpetual futures turn more bearish

Buying in XRP’s spot market has climbed to its strongest level since June, while bearish positioning has grown in Binance’s perpetual futures market. Centralised exchange spot cumulative volume delta reached about $388.6 million on July 23, the highest since June 1. In contrast, Binance perpetual futures CVD fell to about -$547.4 million. Binance XRP open interest rose about 9 percent from July 8 to July 23, suggesting new leveraged flows.

Crypto

Shiba Inu burn rate jumps 5,223 percent in a day, raising questions over rally

Shiba Inu\'s 24-hour burn rate surged 5,223.98 percent, permanently burning 412,190,021 tokens. U.Today reported the token rose 27.14 percent over the day, with an intraday gain of up to 36 percent. The seven-day burn rate climbed 816.02 percent, removing 457,511,537 tokens from circulation. Some analysis said the price move is more closely tied to increased spot trading activity, with volume rising to $700 million.