Global

Shiba Inu (SHIB), the popular meme coin, might be due for a comeback as on-chain data suggests a slowdown in selling activity. Investors are cautiously optimistic after a significant decline in the number of SHIB tokens transferred to exchanges, often a precursor to selling.

In a significant development impacting cryptocurrency traders and enthusiasts, Binance.US has declared its decision to suspend operations in Washington State effective August 20th. This move follows regulatory challenges and compliance requirements that have emerged in the state, prompting the exchange to reassess its ability to operate within existing legal frameworks.

The Telegram-linked blockchain, TON, is experiencing a surge in Tether (USDT) adoption, with circulation surpassing $500 million. This milestone comes just two months after Tether introduced both its gold-backed XAUT and dollar-backed USDT stablecoin on the TON network.

Notcoin, a cryptocurrency linked to the messaging app Telegram, is anticipating a significant price increase. This bullish prediction follows the project's recent burn of 210 million NOT tokens, valued at roughly $3 million. The burn significantly reduced the overall supply of NOT, potentially leading to a price rise due to scarcity.

Crypto exchange Bitget and Singaporean investment firm Foresight Ventures are joining forces to launch a $20 million fund dedicated to the Telegram Open Network (TON) ecosystem. This fund aims to fuel innovation within TON, a platform that bridges the gap between blockchain technology and the widely used Telegram messenger.

Cryptocurrency giant Binance has secured a full Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA). This significant development comes after Binance initially received a Minimum Viable Product (MVP) license in July 2023.