Binance.US has backed out of a deal to acquire bankrupt Voyager's assets, including over 3.1 trillion Shiba Inu tokens, leaving them at risk of a selloff. Binance.US cited growing regulatory uncertainty surrounding the crypto scene in the United States for its decision, despite a court giving the go-ahead for the acquisition. The termination of the acquisition deal indicates that Voyager will continue to liquidate its crypto holdings as initially intended in an attempt to raise liquid funds to make affected customers whole. These holdings include a 3.1 trillion Shiba Inu balance in one of its wallets. It remains to be seen how this systematic dump will affect the market, although market participants believe the impact will be minimal or nonexistent.

(By ALBERT BROWN)