© Reuters Ethereum's Vitalik Buterin Pays Surprising Visit to Binance, SHIB Representative Shares Shibarium's Plans to Onboard Thousands of Projects – U.Today's Crypto News Digest
U.Today – Take a look at the biggest crypto events with U.Today's top three news stories.
Vitalik Buterin makes a surprising visit to Binance
As Binance CEO Richard Teng recently shared on Platform X, Ethereum co-founder Vitalik Buterin made a surprising visit to the Binance office. Teng thanked Buterin for finding time to talk to his team in person and said it was a privilege to have him in the company's office. This spontaneous visit caused quite a stir in the crypto community, with many users speculating about a possible collaboration between these two giants of the crypto market. As a reminder, Binance is currently struggling with a $4 billion fine and ongoing regulatory challenges; With this in mind, Buterin's focus (described in his essay titled “Make Ethereum Cypherpunk Again”) on security, privacy and scalability, and concerns about centralized exchanges and their vulnerability to hacking, fuel rumors about a possible cooperation between Buterin and Binance. However, neither Buterin nor Teng made any statements regarding the matter.
Shibarium: Thousands of projects to join L2 network with numerous partnerships – SHIB representative
In a recent X post, team member Lucie shared Shibarium's plans for the future. Lucie wrote that the layer 2 solution aims to “onboard 1,000 projects with numerous partnerships,” reminding the community that supporting new projects does not necessarily mean canceling existing ones. The SHIB representative then called on all meme token supporters to stay strong as a community during difficult times, stating that there is no point in giving up now if they have come “this far” in their support for the project team. Lucie's post has sparked mixed reactions among members of the SHIB military; Although many of them praised the SHIB developers, some users questioned the project team's ability to achieve more than simply making plans and promising new developments.
JPMorgan: ETF enthusiasm cooling
According to JPMorgan analyst Kenneth Worthington, initial enthusiasm around Bitcoin ETFs may be waning, with a shift toward a “more normalized flow environment” potentially on the horizon. On January 26, spot Bitcoin ETFs saw net sales of around $15 million following a four-day run of redemptions. This reversal could be an indication of a change in investor sentiment about these novel financial products. Since its launch, the price of Bitcoin has plummeted around 9%, but has since stabilized around $42,000 as the new trading week begins. Previously, JPMorgan correctly predicted that the approval of Bitcoin ETFs would be a selling news event. Before the approval, the price of the leading cryptocurrency fell from more than $47,000 to less than $39,000. The sell-off coincided with large outflows from Grayscale's Bitcoin Trust (GBTC), which became a spot Bitcoin ETF after SEC approval.
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