Binance continues to assert its dominance in Bitcoin custody as the crypto market rebounds. Despite significant BTC outflows from competing platforms, Binance’s reserves have remained strong, indicating rising user trust and liquidity concentration on the exchange. Binance Commands 23% of Exchange BTC Reserves Latest data from CryptoQuant reveals that Binance now holds 23% of all […]
BNB sees renewed investor interest as Binance Chain executes its 31st token burn — but will the price follow suit? Binance Chain has completed its 31st quarterly BNB token burn, permanently removing approximately 1.5 million BNB — valued at $916 million — from circulation. This deflationary move reinforces BNB Chain’s long-term objective of cutting total […]
Binance Maintains Strong Reserve Ratio Amid Market Speculation Binance has upheld a reserve ratio exceeding 100% for the 29th straight month, even as speculation swirls about a potential sell-off of its Bitcoin holdings. According to blockchain analytics firm CryptoQuant, this sustained reserve level reinforces Binance’s financial stability and transparency. The reserve ratio is a crucial […]
CGPT is making waves in the cryptocurrency derivatives market with the announcement of Binance Futures’ launch of the CGPT/USDT Perpetual Contract. This new offering marks a significant expansion in Binance Futures’ portfolio, emphasizing the increasing role of AI-driven cryptocurrencies in the digital asset space. Advanced Trading Opportunities with CGPT Perpetual Contract The launch of the […]
The stablecoins market has reached a significant milestone, surpassing $200 billion in total market capitalization for December 2024. This 5.51% increase marks the fifteenth consecutive month of growth for the sector, highlighting the growing importance of price-stable cryptocurrencies in the broader digital asset ecosystem. Market Leaders and Key Developments Tether (USDT) continues to dominate the […]
Binance has joined forces with Circle to accelerate the global adoption of USDC and take on Tether’s dominance in the stablecoin market. This collaboration, announced on Wednesday in Abu Dhabi, marks a significant strategic alliance aimed at reshaping the future of stablecoins and their role in global finance. Binance and Circle’s Game-Changing Partnership The partnership […]
Dogecoin has seen heightened market activity after a wallet linked to Ceffu transferred 73.8 million DOGE, valued at $30.32 million, to Binance in the last 24 hours. This substantial deposit has fueled concerns about a potential selloff or strategic market moves, especially as DOGE trades at $0.40. Major DOGE Movement to Binance The Ceffu-associated wallet, […]
Hamster Kombat launched its $HMSTR token on September 26, 2024, across several major exchanges. However, the highly anticipated airdrop quickly turned into a source of frustration for the community due to multiple critical issues that arose during and after the launch. Hamster Kombat Distribution Woes A major issue with the airdrop was the unbalanced token […]
Binance has successfully recovered or frozen over $73 million in user funds from external hacks as of July 31, 2024, surpassing the $55 million recovered in all of 2023. Enhanced Security Measures by Binance Binance has worked closely with the public sector to assist affected users. Approximately 80% of the recovered or frozen funds are […]
