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Binance Unveils Key Update On CATI & These 5 Crypto, What’s Lies Ahead?
Cryptocurrency exchange Binance again captured noteworthy market attention with its latest update on 6 tokens this Tuesday. Notably, the exchange revealed that it is updating the leverage and margin tiers for RARE, AXS, ZEN, XTZ, SAGA, and CATI. As a response, market watchers are speculating whether the assets’ prices will react amid a market turmoil.
Binance Updates Leverage & Margin Tiers For 6 Tokens
In an official release dated March 11, Binance revealed that it is updating the leverage and margin tiers of RAREUSDT, AXSUSDT, ZENUSDT, XTZUSDT, SAGAUSDT, and CATI USDT USD-margined perpetual contracts. Starting March 11 at 09:30 UTC, users remain poised to trade with enhanced offerings.
Among other offerings, the exchange is updating the CATIUSDT USD-Margined perpetual contract and adding 5x leverage for 800,000 < Position ≤ 1,000,000 with a 10% maintenance margin rate. For more details on the new offerings, users can check the exchange’s official announcement.
What’s More For Traders?
Binance revealed that the existing positions opened before the update will be affected. “Futures running grid might expire due to updates on the leverage and margin tiers, users are advised to adjust accordingly before the change,” the exchange added.
For context, the enhanced offerings further ensure a robust trading experience for users. In turn, market participants anticipate enhanced trading volumes, thereby bolstering prices despite the broader market volatility.
Crypto Market Blues
However, the crypto market saw massive liquidations today, with prices facing heat amid rising U.S. recession fears. CoinGape reported that the chances of a recession soared to 40% recently.
As a result, risk assets like Bitcoin and Ethereum saw a waning movement. However, BTC price soon recovered from a $76K low to reach the $81K level, glimmering hope for future movements.
How Are The Coins Performing Amid Binance’s Update?
As of press time, CATI price dipped over 5% and exchanged hands at $0.1482 despite the new offerings. The coin bottomed and peaked at $0.1475 and $0.1592 intraday.
However, RARE price surged 37% in the past 24 hours and closed in at $0.1265. The coin hit a low and a peak of $0.08828 and $0.1425 intraday.
On the other hand, AXS price dipped over 8% and traded at $2.97. The coin bottomed and peaked at $2.73 and $3.26, respectively.
XTZ price traded at $0.6657, down 8% in the past 24 hours despite Binance’s offerings. Its intraday low and high were $0.6137 and $0.7257, respectively.
SAGA price also plummeted by 8% and exchanged hands at $0.3394 today. Notably, most of the tokens included in the announcement are underperforming amid broader trends. Nevertheless, market participants anticipate some relief amid enhanced offerings on one of the top crypto exchanges.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto Market Update: The digital assets continue to bleed as the US President Donald Trump slapped up to 245% tariff on Chinese goods. The intensifying trade war and macroeconomic concerns have continued to weigh on the investors’ sentiment, wiping off the previous gains from the digital assets space. Bitcoin price today slipped more than 2% while ETH, XRP, SOL, DOGE, and Cardano prices fell between 4% and 7%.
Crypto Market Update: Trump’s 245% Tariff On China Sparks Concerns
The crypto market slipped today after US President Donald Trump escalated the long-standing trade war with China by imposing a fresh 245% tariff on a wide range of imports. According to a White House document released in the late US hours on Tuesday, the move targets critical minerals and related products, citing national security and economic resilience as key reasons.
Meanwhile, the fact sheet stated that China now faces tariffs of up to 245% following its “retaliatory actions” and lack of cooperation. However, this is not the first volley in the tariff saga, as it continued to dampen the crypto market sentiment over the past few weeks.
Trump’s Tariff On China
For context, it began with a 20% levy, followed by a 34% hike on April 2nd. As tensions grew, Trump raised the rate again, reaching 104%. In response, China imposed an 84% tariff on the US goods.
Trump responded by increasing the US tariff to 125%. However, it has excluded certain tech products from China, which has boosted market sentiment. However, just last week, China matched that level, lifting its tariffs to 125%. The situation escalated dramatically this week with the 245% blanket tariff.
The White House cited the need to protect America’s defense sector, tech advancement, and infrastructure. As per Reuters, China exports over $400 billion worth of goods to the U.S. annually — far more than any other country. The impact of this aggressive move is now spilling over into the financial sector, including the crypto market.
How Crypto Prices Are Performing?
The global crypto market cap lost more than 2.3% from yesterday to $2.63 trillion while its one-day volume fell 6% to $73.89 billion. Besides, the fear and greed index showed a reading of 29, indicating a “Fear” momentum hovering in the market.
Notably, BTC price today fell nearly more than 2.5% to $83,368.76, while ETH price fell about 5% to $1,566. On the other hand, XRP price today was down nearly 4% to $2.04 and SOL price slipped more than 3% to $124.89.
Simultaneously, Cardano price today slipped nearly 7% to $0.6032. In the meme coins segment, DOGE price was down around 5% to $0.1528 and SHIB’s value lost around 3% to $0.00001160.
Bitcoin Whale Continues To Dump Amid Crypto Market Woes
The recent slump in BTC price also comes as Bitcoin whales appear to be losing confidence in the asset’s potential amid an intensifying trade war. Besides, speculations are also high that the whales are booking profit, reflecting a waning risk bet appetite of the investors. The US vs China tensions amid Trump’s tariff policies have weighed on the investors’ sentiment, causing a massive selloff in the market.
For context, renowned analyst Ali Martinez recently highlighted the selling trend. In a recent X post, Martinez said “Whales have been taking profits during the recent rally.” According to him, the whales have offloaded more than 29,000 BTC from April 9.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As the Ripple vs SEC lawsuit nears its conclusion, the anticipation surrounding XRP ETFs has reached a fever pitch. With multiple asset managers receiving green light from the US Securities and Exchange Commission (SEC), the community is eagerly awaiting the regulator’s approval.
Offering a closer examination of the XRP ETFs’ current status and their possible approval dates, expert All Things XRP shared a series of X posts. Let’s examine the expert’s views and the spot Ripple ETFs’ possible launch.
Expert Reveals Possible Dates for Spot XRP ETFs Approval
In a recent X post, All Things XRP, a Ripple expert, shared insights into the current status of all nine spot XRP ETFs. Top asset managers Bitwise, Canary Capital, and 21Shares have officially tossed their hats into the XRP ETF arena, with the US SEC acknowledging their applications.
While the XRP community is eagerly awaiting the SEC’s regulatory approval of the Ripple ETFs and their potential launch, All Things XRP revealed crucial dates. All nine XRP ETF applications have cleared the initial hurdle, receiving formal acknowledgment from the US SEC, and are now awaiting further review.
Bitwise, 21Shares, Grayscale & Canary To Receive Approval in May
According to All Things XRP, the ETF applications submitted by prominent asset managers like Bitwise, 21Shares, Grayscale, and Canary Capital are poised to receive approval in May 2025.
Bitwise
Reportedly, investment giant Bitwise applied for its spot XRP ETF on October 2, 2024 and received the SEC’s recognition on February 18, 2025. As cited by the expert, Bitwise is expected to gain regulatory approval for its ETF by May 18, 2025.
Canary Capital
Canary Capital’s XRP ETF application, filed on October 8, 2024, and acknowledged by the SEC on February 18, 2025, is pending approval, with an expected decision date of May 22, 2025.
21Shares
21Shares filed for a Ripple ETF on November 1, 2025. The firm received green light from the US SEC on February 14, 2025. As highlighted by the expert, 21Shares also expects a regulatory approval for its ETF by May 22, 2025.
Grayscale
Investment behemoth Grayscale, which filed to convert its XRP Trust into an exchange-traded fund on January 30, 2025, secured the SEC’s acknowledgement on February 14, 2025. The expert predicted that the SEC will legally approve the platform’s Ripple ETF by May 21, 2025.
Asset Managers Pushing for XRP ETF Approval in July-August
Furthermore, All Things XRP pointed out that asset managers like WisdomTree and CoinShares are expected to gain approval for Ripple ETF launch by August.
WisdomTree
Filed on December 2, 2024, WidsomTree’s XRP ETF received the SEC’s recognition on February 19, 2025. Reportedly, the asset manager will gain regulatory approval for its exchange-traded fund by July 2025.
CoinShares
CoinShares submitted its XRP ETF application on January 24, 2025. The SEC acknowledged the application on February 19, 2025. And now, the platform expects its ETF to be approved by the Commission by August 2025.
All 9 Will Be Approved By December, Says Expert
Moreover, the expert predicts that all nine ETFs will be approved in 2025. This development comes on the heels of increasing whale activity within the XRP community.
ProShares
ProShares filed and received recognition for its ETF on January 17 and March 3, respectively. Further, the ETF is expected to gain SEC’s approval by November 2025.
Volatility Shares
Volatility Shares applied to launch its XRP ETF on March 7, 2025. The SEC recognized it on March 24. The estimated approval date for the ETF falls by December 2025.
Franklin Templeton
Franklin Templeton filed to launch its Ripple ETF on March 11 and gained recognition on March 27. As per the expert insights, the platform is expected to gain regulatory approval for its ETF by December. Recently, NYSE Arca approved the listing and registration of Teucrium’s 2X Long Daily XRP ETF.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
In the latest development within the Ripple community, a whale moved $273 million worth of XRP, contributing to increased activity. If XRP continues to face rejection at the $2.17 mark, its price could drop to $1.90 due to the whale activity and unfavorable technical indicators.
Whale Transfers 131 Million XRP In A Single Transaction
A Ripple whale has created a buzz in the ecosystem following a hefty transfer of XRP between wallets, leaving investors scanning the horizon. According to data from Whale Alerts, the Ripple whale moved 131,000,000 XRP between two wallets in a single transaction.
The market value of the moved XRP stands at a staggering $273 million, stoking speculation for an incoming dump. Per the announcement, the wallets involved in the transfers are unknown as investors scan the horizons for clues about the heightened whale activity.
“131,000,000 XRP (273,945,648 USD) transferred from unknown wallet to unknown wallet,” read the Whale Alert post on X.
There is increased chatter that the wallets may belong to an exchange but details remain under wraps. In this scenario, the transfers are a primer for a massive sale that will adversely affect the XRP price. Typically, whale activity piques the interest of retail traders, stoking panic that leads to sell-offs even without the whale selling their XRP holdings.
Conversely, the whale activity may be an over-the-counter (OTC) transaction without any immediate impact on XRP price. However, investors have their eyes peeled on a chain reaction from other Ripple whales following the latest XRP transfers. A cascading effect is forming after a Ripple whale transferred $63 million in a single transaction barely 12 hours ago.
XRP Price Faces Stern Test At Resistance Level
Amid the rising whale activity in the ecosystem, XRP price faces an uphill climb in the push for higher figures. XRP price has previously attempted to breach the $2.17 mark but a streak of rejections have soured traders sentiments.
Cryptocurrency analyst CasiTrades notes that while $2.17 continues to operate as a ceiling, the XRP price will fall to a new support level. XRP is trading at $2.06 amid speculation that the XRP price has bottomed despite the rejection at the $2.17 level.
According to CasiTrades, XRP price is headed toward $1.90 but a steeper decline to $1.55 remains a grim possibility. CasiTrades predicts that prices will not remain stagnant at the new support levels, noting that the level will be “quickly bought up.”
“But if this rejection continues to play out, support at $1.90 and $1.555 remains firmly in play.
Over the last week, XRP price has gained 15% but whale activity has seen it lose 4% over 24 hours. The XRP ETF buzz and a potential SWIFT integration with Ripple could send XRP price beyond $3.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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