Binance News: MyShell Terminates Market Maker Amid Trading Concerns; XRP Active Addresses Surge

In recent crypto news, MyShell has taken decisive action against a market maker amidst trading concerns raised by Binance. Additionally, there has been a notable surge in active XRP addresses despite a price drop.

MyShell Terminates Market Maker Following Binance Scrutiny

MyShell has terminated its relationship with a market Maker amidst trading concerns, following an alert from Binance over irregular trading activity tied to the SHELL token. The company announced that assets previously managed by this provider will be reallocated to new liquidity partners. This move highlights a growing trend toward transparent crypto practices.

XRP Active Addresses Surge Despite Price Drop

The number of active XRP addresses has more than tripled from February 21 to March 10, according to Glassnode data. Despite a 10% price drop on the day, the XRP community might be holding on amid expectations of a final decision on the Ripple lawsuit on April 16. As of March 10, XRP maintains over 370,000 active addresses, significantly above previous levels. Additionally, XRP’s exchange outflows from Binance have declined.

Binance’s Pascal Hardfork to Boost Ethereum Compatibility on BNB Chain

BNB Chain has set the 20th of March for the Pascal Hardfork, which aims to boost Ethereum compatibility on its mainnet. The upgrade entails the activation of BEP-439, with security through successful verification of transactions over the curve of BLS12-381. Additionally, Binance has introduced a community co-governance model allowing users to vote on token listings and delistings. Meanwhile, Ethereum’s EIP-7702 enables smart contract wallets to function with gasless transactions, batch approvals, and multi-signature support, aiming to improve the user experience and easier onboarding to Web3.