Binance Wallet outperformed competitors like Phantom and MetaMask in daily swaps amid growing interest in its "Alpha" category.
Binance said FTX's plan to recover about $1.76 billion from the exchange tried to shift blame from Sam Bankman-Fried through on a "legally deficient" case.
Smerkis worked for Binance from 2022 for just under two years.
Attackers reportedly tried bribing support agents, but Binance and Kraken’s internal systems blocked the attempts.
Binance and Kraken were also targets of social engineering attacks targeting Coinbase customer service representatives.
The NXPC token is developed by NEXPACE, the blockchain arm of South Korean video game developer Nexon.
Ukraine is reportedly preparing legislation to become one of the first nations to officially hold Bitcoin in its national reserves. According to Ukrainian media outlet Incrypted, Member of Parliament Yaroslav Zhelezniak confirmed that a draft law is being developed to support the initiative. Zhelezniak, who also serves as the First Deputy Chairman of the Committee […]
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According to data from CoinMarketCap, Ethereum prices gained by 37.14% in the past week to reach a local peak of $2,600. The majority of this gain has been attributed to the recent Petra network upgrade of the Ethereum blockchain, which is designed to introduce many features, including boosting the ETH burn rate and market scarcity. Amidst Ethereum’s rally in the past week, the altcoin recorded a significant development that signals a long-term bullish market. Related Reading: Ethereum Surge Above $2,200 Says Bear Market Is Over, Analyst Calls $5,791 ‘Easy’ Target Ethereum Stays Above Realized Price – What Does It Mean? The realized price in the crypto market refers to the average acquisition price of all circulating tokens. It’s a key indicator of market sentiment as a trading price below the realized price signals a bearish market because investors are holding a loss. The reverse scenario is true for a bullish market. In the analysis provided by CryptoQuant expert Crazzyblockk, ETH is trading above its realized price at $1900 based on the market activity for accumulating addresses, i.e., long-term holders and frequent depositors on the Binance exchange. Notably, this development just occurred in the past week despite the market rebound that has been ongoing since mid-April. The price rise above $1900 proclaims a loud bullish signal as the long-term holders are now in profits, indicating a renewed confidence in ETH’s long-term value. This confidence is strongly reflected in the fact that most recent ETH outflows are moving from Binance, the most active crypto exchange for ETH trading. When Binance ETH deposit addresses show profitability with the current ETH price above the realized price, it indicates a general increase in traders’ confidence and stronger market activity. Moreover, the price rise above $1900 shows a sustained bullish momentum, indicating the market can absorb profit-taking without breaking the current uptrend. Related Reading: Bitcoin ETFs Hit $40 Billion Inflows, Setting Historic Crypto Record Binance Keeps Lead In ETH Liquidity Based on the presented analysis, Crazzyblockk further concludes that Binance boasts the most active ETH trading community in the crypto space. This is indicated by the massive ETH outflows on the exchange, suggesting a high market activity on the exchange during price appreciation. The analyst further tipped the exchange to maintain this dominance as traders will always use the most liquid exchange to manage their positions, either for accumulation or for profit taking. At the time of writing, Ethereum trades at $2,525, reflecting a 5.88% gain in the past day. Meanwhile, the asset’s trading volume is down by 18.44% and valued at $33.79 billion. ETH next’s resistance remains at $2,600 following a recent rejection in the past few hours. If the altcoin can successfully move past this barrier, a potential upswing to $2,800 lies ahead. Featured image from Pexels, chart from Tradingview
While the top Democrat on the Senate Banking Committee argues for stablecoin limits, she and colleagues also questioned Binance's talks with Treasury.
Senate Democrats are seeking information about President Donald Trump's cryptocurrency ties and Binance in a letter sent on Friday.
Something strange has raised the eyebrows of the Pi Network community this week. A wallet associated with Binance’s Stellar deposits, which had already been used in Pi Coin transactions, has exhibited fresh activity. That was enough to ignite rumors that Binance might be quietly gearing up for a Pi Chain integration or even a future listing of $PI. Related Reading: Tether’s $1 Billion Mint Powers Tron — Is A Breakout Brewing? No official announcement has been made by Binance. But according to what blockchain monitors have observed, a number of small test-like transactions have been passed through the same wallet that was responsible for processing previous Pi-connected movements. The timing is what actually made people speculate. Is $PI finally coming to Binance? The Binance stellar deposit wallet which is the same as their $PI wallet has started testing transactions on the $PI chain. The wallet (GABFQIK63R2NETJM7T673EAMZN4RJLLGP3OFUEJU5SZVTGWUKULZJNL6) is testing the transactions. #PiNetwork pic.twitter.com/2lUqPy5Ivi — MOON JEFF ???? (@CRYPTOAD00) May 7, 2025 Ecosystem Update Set The wallet activity precedes, by just days, an upcoming Pi Network update. On May 14, the Pi Core Team will consider and perhaps approve a number of third-party apps to list on its ecosystem. It is one of the steps being taken towards integrating more use cases within the network, particularly following the release of its open mainnet in February. A Pi ecosystem announcement will be released on May 14. Tune in to find out what’s coming next! pic.twitter.com/5jn7m5mlmD — Pi Network (@PiCoreTeam) May 7, 2025 That launch was a watershed moment for Pi, which now boasts more than 60 million users globally. Nevertheless, the project continues to need to resolve important concerns such as inadequate smart contract functionality, slow transaction speeds, and stringent liquidity constraints. Those vulnerabilities have rendered it difficult for Pi to garner meaningful developer attention for creating apps and services. Pi Price Remains Stable PI coin has been having a decent performance of late. The coin sustained a solid run in the last seven days with a 2% increase, data from Coingecko shows. The ongoing rumors of a Binance listing may lift the coin price up further, or it could go sideways. Related Reading: Bitcoin Rebounds After Sharp Drop As Whales Fuel Push Toward $100K Binance Silence Keeps Market Guessing While some in the crypto community are optimistic, others are standing by. Binance has said nothing about Pi Coin. That has not deterred online whispers, but it certainly leaves a great many questions unasked. There is no evidence that Binance is looking to list Pi Coin – at least when this report was made – and the wallet movement could prove to be a coincidence. Eyes On Binance And Pi Network Ahead Of Key Date Meanwhile, the Pi community stands by for fresh scoop. May 14 might usher in significant changes. If the Binance wallet activity is the tip of a larger iceberg, and if PI does indeed get listed, that would shift the course of the project. Featured image from Gemini Imagen, chart from TradingView
Changpeng Zhao submitted the request weeks ago, citing media reports and after pardons other influential figures in the crypto space were pardoned.
Standard Chartered has initiated formal coverage of Binance’s exchange token, BNB, and set out one of the industry’s most detailed long-term trajectories for the asset. In a research note shared with The Block, Geoffrey Kendrick, the bank’s global head of digital-asset research, argues that the token price could accelerate from roughly $600 today to $1,275 by 2025 and $2,775 by 2028, before “plateauing” through 2029. BNB Could Spike By 360% The path implies a gain of more than 360% from current levels and, crucially, situates the token in what Kendrick calls “a benchmark-like role” inside the wider crypto capital structure. “BNB has traded almost exactly in line with an unweighted basket of Bitcoin and Ethereum since May 2021 in terms of both returns and volatility,” Kendrick wrote. “We expect this relationship to continue to hold, driving the price from around $600 currently to $2,775 by end-2028.” Related Reading: BNB Textbook Support Rebound Sets The Stage for More Upside – See How Standard Chartered’s broader outlook is unabashedly bullish on the majors: Bitcoin is projected to reach $200,000 in 2025 and $500,000 in 2028, while Ethereum is pencilled in at $4,000 and $7,500 over the same horizons. When those forecasts are translated into cross-asset ratios, they reveal subtle shifts in market share. The BTC-BNB ratio—how many BNB one Bitcoin can buy—is expected to tick up from 157 in 2025 to 180 by 2027, then hold steady, implying that Bitcoin’s dollar appreciation is likely to outrun BNB’s. By contrast, the ETH-BNB ratio is seen slipping from 3.14 in 2025 to 2.70 in 2027, signalling that Ethereum may outperform BNB, but more gently than Bitcoin will. Kendrick acknowledges that BNB “may underperform Bitcoin and Ether both in real terms and as measured by market cap in circulation,” yet he contends that its deflationary tokenomics and deep linkage to the world’s largest centralized exchange “support its long-term value.” The research note scrutinises BNB Chain’s architecture. Its “proof-of-staked authority” model rotates just 45 validators every 24 hours—a sharp contrast to Ethereum’s million-plus validator set. Kendrick describes BNB Chain as “highly centralised relative to other chains,” adding that its developer activity has “stagnated” since the 2021 DeFi surge and now trails networks such as Avalanche and Ethereum. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges Even so, forthcoming technical milestones are expected to expand the ecosystem’s resilience. Kendrick cites the recently completed Pascal hard fork and the looming Maxwell upgrade, due in June, as examples of “incremental but meaningful” incentives for developers. On the demand side, the token’s fortunes remain tethered to Binance’s trading engine. Holders receive tiered fee discounts calculated on their token balance and 30-day volume—a mechanically enforced use-case that has so far “helped the BNB Chain retain activity even as competition from other ecosystems like Solana grows,” Kendrick notes. PancakeSwap, the dominant decentralised exchange on BNB Chain, amplifies that liquidity loop. Meanwhile, regular token burns, coupled with the fixed-limit supply, underpin a structural deflation that Standard Chartered says justifies the premium BNB commands on its market-cap-to-GDP valuation screen—currently “rich” by the bank’s preferred metric. At press time, BNB traded at $605. Featured image created with DALL.E, chart from TradingView.com
Changpeng Zhao, also known as CZ, said in a Tuesday podcast interview that he has applied for a pardon from President Trump.
Movement Labs has removed co-founder Rushi Manche and restructured under a new name, Move Industries. The company announced Manche’s termination on May 7, saying: “Movement Labs has terminated Rushi Manche. Movement will continue under different leadership. Details on leadership changes and a revamped governance structure will be coming soon.” The decision follows a high-profile investigation […]
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Changpeng Zhao, the founder of Binance, has confirmed that his legal team has submitted a formal request for a presidential pardon from the US government. In a May 5 podcast interview with Farokh Sarmad of Rug Radio, Zhao stated that the decision followed increased media speculation about his potential pursuit of clemency. According to him: […]
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Top crypto exchanges Binance and Coinbase will temporarily pause Ethereum (ETH) deposits and withdrawals in preparation for the network’s upcoming pectra upgrade. Binance stated that ETH and tokens on Layer 2 networks like Arbitrum, Optimism, Base, Scroll, Worldcoin, and zkSync will be affected. The exchange pause starts at 09:45 (UTC). The exchange furthered that while […]
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A major accumulation trend is currently ongoing for XRP, with crypto whales actively adding to their positions. This provides a bullish outlook for the altcoin, considering it could break out from its current range following this accumulation phase. XRP Whales On The Rise In an X post, crypto analyst Kyle revealed that over 300,000 addresses now hold 10,000 XRP, a development which he noted screams rising confidence from whales and large holders. The analyst added that a strategic accumulation looks to be back and raised the possibility of the big players trying to front-run a major move in the XRP ecosystem. Related Reading: Over $700 Million In XRP Moved In April, What Are Crypto Whales Up To? This major move could be the launch of an XRP ETF or the conclusion of the Ripple SEC lawsuit. An XRP ETF has a 90% chance of approval by the SEC this year. The launch of this fund could spark a surge in the token’s price, considering how it would drive more capital into its ecosystem. Meanwhile, the conclusion of the Ripple SEC lawsuit would also be a major development in the XRP ecosystem, as both parties have already reached an agreement. However, the court still needs to rule on the agreement before the lawsuit can be considered done and dusted. The end of the lawsuit would provide clarity and could spark a significant surge in price. Crypto analyst Ali Martinez also confirmed the accumulation trend among these whales. In an X post, he revealed that wallets holding between 10 million and 100 million XRP have bought around 900 million XRP over the past month. Amid this accumulation trend, traders are also leaning bullish towards the asset. In another post, he stated that 71.54% of traders on Binance futures with open XRP positions are leaning bullish. What’s Next For The Altcoin? In an X post, crypto analyst Dark Defender discussed the current XRP price action and provided insights into what is next for the altcoin. He noted that XRP found resistance between $2.2 and $2.36 and dropped to $2.13 again. In line with this, the analyst remarked that the altcoin is getting ready to finish the correction and is on to the last bit. Related Reading: XRP Mega Candle On The Horizon? Analyst Reiterates $27 Target The analyst projects an incoming surge with five waves. He predicts that the initial wave will send the XRP towards $3, and then the altcoin will reach $4.4 and $6.3 on Waves 3 and 5, respectively. A rally to $4.4 would mark a new all-time high (ATH) for the token. Meanwhile, Dark Defender stated that $1.88 is the support level to keep an eye on. At the time of writing, the XRP price is trading at around $2.12, down 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Binance's BNB token could rise over 360% in the next few years, according to Standard Chartered's Geoffrey Kendrick.
Binance founder Changpeng Zhao also commented on memecoins, saying 99.99% of them will fail and that they distract from real innovation.
Bitcoin’s recent recovery has encountered resistance as the asset remains range-bound between $93,000 and $97,000. After briefly climbing late last month, Bitcoin has struggled to maintain upward momentum since then. At the time of writing, BTC is trading at approximately $94,305, reflecting a modest 1.3% decline over the past day. While price action has slowed, activity on the backend of the market suggests underlying shifts in investor behavior. New on-chain data points to a significant decrease in Bitcoin reserves held on Binance, the world’s largest cryptocurrency exchange by trading volume. Related Reading: Bitcoin ATH Incoming? Analyst Flags Indicators That Preceded Every Major BTC Rally One of CryptoQuant’s contributors, Amr Taha, highlighted the development in a recent QuickTake post, signaling that over 51,000 BTC have been withdrawn from Binance wallets since mid-April. This drop from roughly 595,000 BTC to around 544,500 BTC could indicate a recalibration in investor strategy, with growing interest in long-term holding or redeployment of assets outside centralized platforms. What’s Driving the Bitcoin Outflows from Binance? According to Taha, multiple factors may be contributing to this steep decline in exchange-held reserves. One explanation involves institutional investors and long-term holders moving their Bitcoin into cold storage. This off-exchange behavior is typically interpreted as a signal of longer-term conviction, as these participants seek to secure assets while reducing the likelihood of short-term selling. Given the rise of custodial solutions and more institutional-grade wallets, this trend may reflect maturing market behavior. Another key factor could be the increasing use of Bitcoin within decentralized finance (DeFi) and cross-platform arbitrage strategies. Taha noted that entities may be withdrawing BTC to access yield opportunities or deploy capital in other blockchain ecosystems. Additionally, the recent positive flows into Bitcoin spot exchange-traded funds (ETFs), especially between April 21 and May 1, where daily net inflows crossed the $2 billion mark on several occasions, may have encouraged larger players to accumulate and withdraw Bitcoin in anticipation of further price appreciation. Exchange Reserve Trends Offer Signals Amid Price Consolidation Though Bitcoin’s price has remained largely stagnant over the past week, the shift in exchange reserve data could carry significant implications for future price action. Historically, a decrease in exchange reserves, particularly from major venues like Binance, has been associated with supply tightening. As fewer coins are readily available for sale, reduced liquidity can amplify the impact of incoming demand, especially in bullish phases. Taha emphasized that while short-term market performance may appear indecisive, tracking reserve metrics offers important clues about underlying sentiment. Related Reading: Bitcoin Price Trading Within Dense Supply Cluster — What Lies Beyond $100K? A consistent drawdown of BTC from exchange platforms often sets the stage for renewed price movement, especially when accompanied by institutional accumulation and long-term holding behavior. If these patterns persist, they may contribute to reduced sell-side pressure, enabling Bitcoin to challenge its next resistance zones, including the psychological $100,000 level. Featured image created with DALL-E, Chart from TradingView
Binance founder Changpeng Zhao has recommended that Kyrgyzstan consider Bitcoin and BNB as the first assets in building its National Crypto Reserve. His May 5 suggestion followed an invitation to join the country’s National Crypto Council, marking a notable step in the nation’s engagement with digital assets. Zhao visited Kyrgyzstan at the invitation of President […]
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Crypto venture funding reached $4.9 billion in the first quarter of 2025, marking a strong comeback for the industry, according to a May 1 report by Galaxy. The total capital raised was 40% higher than the previous quarter and came from 446 deals, which also reflected a 7% growth during the period. This makes the […]
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Bitcoin is trading above $95,000, moving closer to the psychologically significant $100,000 price level. This recovery follows several weeks of steady gains, although the asset remains approximately 12.6% below its all-time high recorded in January. Some analysts are now focusing on underlying trends across both spot and derivatives platforms to evaluate the sustainability of the current momentum. Recent data highlights notable movements of Bitcoin away from exchanges, particularly from Coinbase, a trend that typically signals a reduced available supply and potentially reduced selling pressure. In parallel, derivatives market activity has also picked up, suggesting an increase in leveraged positioning that could support ongoing upward momentum. The convergence of both accumulation signals and growing open interest has analysts watching closely for a continuation of the rally or a breakout attempt beyond recent highs. Related Reading: Is Bitcoin Demand Returning? Active Address Trend May Suggest So 8,000 Bitcoin Pulled From Coinbase Signals What? Amr Taha, a contributor on CryptoQuant’s QuickTake platform, recently observed that over 8,000 BTC—worth approximately $763 million—was withdrawn from Coinbase on two separate occasions within five days. This activity, visible on exchange netflow data, represents one of the largest Bitcoin outflow events recorded in recent weeks. Taha pointed out that the withdrawals occurred on April 24 and again on April 29, suggesting deliberate actions rather than random user activity. According to the analysis, large outflows from exchanges typically indicate that holders are transferring assets into cold wallets for long-term storage. This behavior often aligns with accumulation phases, as investors seek to remove their assets from trading platforms, thereby reducing immediate sell-side liquidity. Taha concluded, noting: Historically, significant Bitcoin outflows from exchanges — especially from major platforms like Coinbase — have often preceded strong bullish price movements. These outflows signal reduced immediate sell pressure and a tightening of available supply. Such dynamics have repeatedly aligned with periods of increased hedge fund activity, as institutional players reposition in anticipation of upside momentum. Binance Open Interest Climbs $2.2 Billion as Futures Activity Rebounds In a separate analysis, another CryptoQuant analyst, Burak Kesmeci, reported a surge in Binance’s Bitcoin Open Interest (OI) over the last 20 days. After declining from $11.9 billion in January to $7.5 billion in early April, a drop of nearly 37%, OI has since rebounded by 29.3%, reaching $9.7 billion. This increase in open interest corresponds with Bitcoin’s 23.7% price rise from $76,000 to over $94,000 during the same period. Rising open interest in derivatives markets typically indicates growing participation by leveraged traders and is often interpreted as a sign of increasing confidence or speculation. Related Reading: Bitcoin Supply in Profit Rises Above 85%— Is Euphoria Setting In? Kesmeci’s analysis suggests that the uptick in OI, when viewed alongside declining exchange reserves, may reinforce a bullish structure in the current market cycle. If momentum continues and funding conditions remain favorable, Bitcoin could push closer toward the $100K threshold in the short term. Featured image created with DALL-E, Chart from TradingView
Eric Trump also said that USD1 will be integrated with the Tron ecosystem.
New reports indicate that the Ethereum (ETH) CrossX indicator is flashing strong buy signals, suggesting a potential breakout toward $4,000. As the market transitions from selling to buying, on-chain data shows that institutional investors are heavily accumulating ETH tokens, indicating a shift in sentiment. Institutions Load Up On ETH As Buy Signal Flashes On-chain analytics platform, Lookonchain, has identified a notable increase in Ethereum accumulation, largely driven by institutional whales. Over the course of three hours, a wallet address reportedly associated with the trading firm Cumberland DRW withdrew a staggering 27,632 ETH, worth approximately $50.24 million. This transfer was made from major exchanges, including Coinbase, Copper and Binance. Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View The wallet’s activity involved multiple high-value transfers, such as a 7,600 ETH withdrawal worth $13.83 million from Coinbase, a 5,992 ETH withdrawal worth $10.92 million from Copper and Binance, and an additional 5,960 ETH transfer valued at $10.88 million from Copper. Notably, the receiving wallet, 0ex287AA111…, was consistently used across all transactions, suggesting coordinated accumulation rather than a typical trading activity. Historically, large-scale withdrawals from Ethereum exchanges have preceded price surges, as they significantly reduce sell-side liquidity and indicate a longer-term holding pattern by investors. Amid this growing institutional accumulation, the Ethereum CrossX Indicator, as noted by Ezy Bitcoin on X, has recently flashed a strong buy signal. This reinforces the notion that institutional interest is rising, signaling an increase in demand and potentially setting the stage for further upward price movement. Ethereum CrossX Indicator Suggests $4,000 Surge Ahead Shedding more light on Ezy Bitcoin’s report, the CrossX indicator, which officially triggered a buy signal for Ethereum, is signaling a potential surge above $4,000 for the altcoin’s price. The market expert highlights that this is the first signal seen in nearly six months and, historically, has often preceded significant price action and explosive moves. Related Reading: Ethereum Price Threatened With Sharp Drop To $1,400, Here’s Why The CrossX Indicator, a tool used to detect high-probability trend reversals based on volume, price action, and divergence patterns, has shown remarkable accuracy in past cycles. As seen in the analyst’s weekly chart, previous buy signals were followed by rallies that took ETH to new local highs. Now, with Ethereum’s price rebounding off recent lows and a fresh Bullish Divergence in place, the same rally pattern may be unfolding again. If history repeats, ETH could be gearing up for a run beyond $3,000, with the possibility of testing the $4,200 range by year’s end. According to CoinMarketCap’s data, Ethereum is currently trading at $1,803, reflecting a yearly decline of 43.10%. A potential rise to $4,200 would represent a staggering 132.95% increase, bringing Ethereum (ETH) closer to its present all-time high of over $4,800. Featured image from Adobe Stock, chart from Tradingview.com
Movement, backed by Trump's World Liberty Financial, says it was duped into an agreement that experts say incentivized price manipulation.
Movement, backed by Trump's World Liberty Financial, says it was duped into an agreement that experts say incentivized price manipulation.
Binance founder Changpeng Zhao also spoke about his conversations with countries on crypto adoption at Token2049.