SIGN's rise is similar to FIL which also rose on an Upbit listing this month.
World Liberty Financial (WLFI), the crypto project backed by the Donald Trump family, is accelerating its international expansion plans amid meetings with industry expert Changpeng Zhao, the founder and former CEO of Binance. On April 27, WLFI founders Zach Witkoff, Zak Folkman, and Chase Hero held a high-profile meeting with Zhao in Abu Dhabi. According […]
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Binance is implementing new compliance measures for users in South Africa, effective April 30. According to an April 23 statement, the changes will require all its South African users to provide detailed information about the sender and receiver of any crypto transfer on the platform. The firm added that users initiating withdrawals must enter the […]
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Binance plans to change how South African users make crypto deposits and withdrawals to ensure greater regulatory compliance.
On-chain data shows a Solana whale has made a large withdrawal from Binance in the past day, a sign that could be bullish for SOL’s price. Solana Whale Has Made A Large Transaction In The Last 24 Hours According to data from the cryptocurrency transfer tracker service Whale Alert, a massive transaction has been spotted on the Solana network during the past day. Related Reading: Cardano Breaks Out Of Triangle—27% Surge Incoming? The transfer in question involved the movement of 374,161 SOL, worth around $52.7 million at the time the move was executed on the blockchain. Given the large scale involved, it’s likely that a whale entity was responsible for the transaction. Whales are the big-money investors who can carry some degree of influence in the market. Naturally, the movement of just one such holder is unlikely to directly affect the cryptocurrency’s price, but it can still be useful to keep an eye on it as it may reveal what the sentiment is like among the large entities. Given the anonymous nature of the blockchain, though, it’s hard to gain anything from many of the transactions, as they occur between self-custodial wallets. Such transfers can correspond to anything, whether that be P2P trading or a simple change of wallets. Some moves do have unique identifiers attached to them, however, like those that involve central platforms. Fortunately, the Solana whale transfer of relevance in the current discussion is of this type. Here are the wallet details related to this transaction: As is visible above, the sending address in the case of this Solana transfer was one attached to the cryptocurrency exchange Binance. The destination of the move, on the other hand, was an unknown wallet, meaning it wasn’t affiliated with any known central entity. A transaction of this type where coins flow from an exchange to a self-custodial address is called an exchange outflow. Generally, investors withdraw their coins from the custody of the exchanges when they plan to hold in the long term, so exchange outflows can prove to be bullish for SOL’s price. If the whale in the current transfer has truly made the withdrawal for accumulation purposes, then it could certainly be a positive sign for the asset, given the scale involved. Related Reading: Bitcoin Mega Whales Keep Buying—Is Rest Of Market Finally Catching Up? Just like how outflows can be positive, inflows can be negative instead. Another top cryptocurrency, XRP (XRP), has seen this latter type of whale transaction today. The details related to the XRP whale exchange inflow | Source: Whale Alert With this transfer, a whale has deposited a total of 29,532,534 XRP (about $62.6 million) to the cryptocurrency exchange Coinbase. If the investor has made the large move for selling-related purposes, then this could be a bad sign for the asset. SOL Price At the time of writing, Solana is trading around $134, up almost 4% in the last seven days. Featured image from Dall-E, whale-alert.io, chart from TradingView.com
Binance is reportedly guiding several governments on establishing strategic Bitcoin reserves and developing clear crypto regulations. In an April 17 interview on Financial Times, Binance CEO Richard Teng disclosed that multiple countries have approached the exchange for its expertise in navigating crypto-related initiatives. According to him: “We have actually received quite a number of approaches […]
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The token appeared on a Binance delisting list alongside FTX's FTT token.
Amazon Web Services (AWS) experienced a temporary outage on April 15 that disrupted several major crypto platforms and reignited concerns over the industry’s dependence on centralized infrastructure. On Social media platform X, Binance, the world’s leading crypto exchange by volume, revealed that it temporarily suspended withdrawals as a precaution after facing connectivity issues. The exchange […]
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Binance opened withdrawals just over five minutes after the issue was first reported. Users are still reportedly facing issues placing trades on both Binance and KuCoin, X posts show.
The sudden collapse of MANTRA’s OM token has sent shockwaves through the crypto market but drove its derivatives trading volume up by an eye-popping 7,000% in just 24 hours. Data from Coinglass reveals that trading activity surged to over $6 billion during this period, with Binance and Bybit accounting for more than half of the […]
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The report also claims Binance is lobbying Treasury officials to remove a monitor overseeing the company, and may soon list the USD1 stablecoin.
The judge in the case granted the parties' last joint request for a 60-day pause back in February, citing ongoing work by the SEC's crypto task force.
The parties previously asked a judge to pause the case for 60 days.
The Binance listing did not contribute to a continuation in price action.
A volume drop of such magnitude suggests traders and investors are losing interest or confidence, possibly due to uncertainty, fear, or waiting for better conditions.
Binance plans to launch the reward-bearing margin asset LDUSDT for its futures platform and the former Ethereum developer Virgil Griffith gets out of prison on parole.
Binance has announced the upcoming release of LDUSDT, a new token designed to serve as a reward-bearing margin asset for Futures trading, according to an April 9 statement. Binance explained that LDUSDT is not just another trading tool—it’s also a vehicle for passive income. It enables users to participate in futures trading while simultaneously earning […]
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LDUSDT has no expanded name and is Binance's second yield bearing asset for traders.
Binance's LDUSDT follows BFUSD as the crypto exchange's latest move to blend yield generation with trading liquidity.
A Nigerian high court postponed Binance's tax evasion case until April 30 as the exchange contested how authorities served legal papers.
Crypto analyst Melika Trader has warned of a volume drop that could trigger a 60% Bitcoin price crash. The analyst provided an in-depth analysis of what this price crash could mean and if it would mark the end of the bull run. How The Bitcoin Price Could Crash By 60% And Drop To $49,000 In a TradingView post, Melika Trader revealed how the Bitcoin price could crash by 60% and drop to $49,000. The analyst noted that BTC is hanging just above a critical support zone, an area he claimed many traders recognize as the “most important support level” from a volume perspective on Binance. Related Reading: Analyst Says Bitcoin Price Has Entered The ‘Ideal Buy Zone’, Here’s Why His accompanying chart showed that the Bitcoin price could suffer a 60% drop once it loses the former trend line at $75,000. The flagship crypto is also in danger, having lost the critical support at around $83,000. This drop to $49,000 would bring BTC back toward the high-volume range near $30,000. This provides an ultra-bearish outlook for the Bitcoin price. However, Melika Trader raised a twist, stating that only 20% of traders might actually lose. He noted that, according to Binance’s volume profile data, the majority of buying activity and position accumulation happened below $35,000. The analyst further mentioned that most long-term holders and smart money entered during the 2022/2023 accumulation range. The Volume Profile Visible Range (VPVR) is also said to show significant support below the current Bitcoin price, with minimal trading volume at higher levels. Melika Trader remarked that only a minority of traders bought BTC during its late-stage bull run above $70,000. Meanwhile, the majority of investors are still in profit or break-even, even if the Bitcoin price retraces back to its base. As such, most traders are safe, as BTC risks a drop to as low as $49,000. Why BTC’s Bull Market Is Over CryptoQuant’s CEO, Ki Young Ju, recently asserted that BTC’s bull market is over amid the Bitcoin price decline. He alluded to the ‘Realized Cap’ metric to explain his confidence that the bull run is over. The CryptoQuant CEO noted that if Realized Cap is growing but Market Cap is stagnant or falling, it means capital is flowing in but prices aren’t rising. Related Reading: Why Buying Bitcoin Now Is Better Than Later As BTC Price Consolidates Within Falling Wedge Ki Young Ju noted that this is a clear bearish signal, and this is what is currently happening. Capital is entering the market right now, but the Bitcoin price isn’t responding, which he claims is typical of a bear market. The CryptoQuant CEO explained that even large purchases like MicroStrategy’s aren’t pushing prices up because there is too much sell pressure at the moment. Ki Young Ju again affirmed that current data points to the Bitcoin price being in a bear market. He noted that sell pressure could ease anytime but warned that historically, real reversals take at least six months. As such, the CryptoQuant CEO believes a short-term rally seems unlikely. At the time of writing, the Bitcoin price is trading at around $77,000, down over 7% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
Former Binance CEO Changpeng 'CZ' Zhao also joins Pakistan Crypto Council as advisor, and the stablecoin startup Cap raised $8 million in seed funding.
Zhao's appointment to the Pakistan Crypto Council comes amid the country's larger effort to bolster its blockchain industry and attract international investment.
Bitcoin’s recent price trajectory has continued to show considerable instability. After briefly climbing past the $87,000 mark earlier this week, the cryptocurrency experienced a significant pullback, declining to $81,332 earlier today. As of the latest data, Bitcoin is trading at around $82,600, reflecting a weekly decrease of about 7.6%. This downward momentum indicates ongoing market uncertainty, influencing investor strategies and market sentiment. With frequent retracements and short-lived surges, the current pattern highlights persistent volatility in the cryptocurrency space. This instability has prompted some analysts to explore more profound insights into investor behavior to predict potential market directions. Related Reading: Bitcoin On High Alert: US Recession Odds Top 50% On Kalshi Analyzing Binance User Activity for BTC Market Signals CryptoQuant analyst Maartunn recently provided a perspective on Bitcoin market dynamics through an analysis of user activity on Binance, the world’s largest cryptocurrency exchange by trading volume. Maartunn’s investigation into Binance user retention patterns offered some interesting insights into trading behavior that could influence Bitcoin’s market performance. According to the analyst’s findings, over half of returning Binance users make their second deposit within 16 days following their initial transaction. Nearly 10% of users perform their second deposit within just one day, indicating active trading behavior rather than passive investment strategies. Furthermore, approximately one-third of returning users reload their accounts by day seven, reinforcing the notion that Binance predominantly attracts traders engaging in frequent transactions. Over 50% of Returning Binance Users Make a Second Deposit Within 16 Days “Some interesting takeaways: ???? Nearly 10% return on Day 1, showing immediate trading interest. ???? By Day 7, one-third of users have already reloaded. ???? By Day 16, over 50% of returning users have made a… pic.twitter.com/OG6d6BKUdt — CryptoQuant.com (@cryptoquant_com) April 4, 2025 What Does This Mean for Bitcoin? This high frequency of early deposits by returning users highlights a pattern of short-term trading rather than long-term holding. Such active engagement on Binance can directly impact Bitcoin’s price volatility, as rapid buying and selling contribute significantly to market fluctuations. Increased trading activity shortly after initial deposits often implies speculative market behavior, potentially leading to quick price movements in both directions. Overall, the behavioral trends observed on Binance suggest that Bitcoin might continue to experience sharp volatility in the near term. The quick return rate of traders to deposit funds signals a market where trading volume spikes are frequent, influencing Bitcoin’s price stability. Related Reading: Bitcoin Market Sentiment Worsens as Bull Score Index Drops to 10 As traders rapidly enter and exit positions, the market can witness sudden price shifts driven by speculative trades rather than sustained investment interest. Meanwhile, recent data has revealed Bitcoin bull score index has seen a notable drop to 10. CryptoQuant Bull Score Index has been signaling bearish conditions (40 or below) since Bitcoin was at $96K. 100 represents the most bullish conditions and 0 the least bullish (or bearish). The Index currently stands at 10. pic.twitter.com/J5vZWYg5Nb — Julio Moreno (@jjcmoreno) April 3, 2025 Featured image created with DALL-E, Chart from TradingView
VanEck is pushing to launch the first US-based spot exchange-traded fund (ETF) tracking the BNB token. On March 31, the asset manager registered a legal entity named VanEck BNB ETF with the Delaware Division of Corporations, marking the first formal move in what could become a full ETF application submitted to the US Securities and […]
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On Tuesday morning, several altcoins nosedived up to 50% on global crypto exchange Binance, sparking confusion among investors. Several community members shared theories for the incident, speculating that recent adjustments in the exchange’s position limits could be responsible. Related Reading: Is Bitcoin (BTC) Poised For A Q2 Recovery? Analyst Points To 2017 Similarities Altcoins See Q2 Opening Crash On Binance Multiple altcoins saw a peculiar start to Q2 after their price tanked on Binance on Tuesday morning. The crypto community raised the alarm after Solana-based memecoin and AI Agent token Act I: The AI Prophecy (ACT) plunged around 50% in less than an hour. The cryptocurrency, which once had a market capitalization of $722 million, has moved sideways for most of March, hovering between the $0.18-$0.19 price range until today. In 30 minutes, ACT crashed from the $0.189 mark to the $0.087 level, registering a 53% fall. Similarly, the DEXE, KAVA, DF, HIPPO, BANANAS31, LUMIA, TST, and QUICK tokens also recorded a sudden price drop, losing between 10% and 35% of their value in an hour. ACT’s team acknowledged the incident, stating, “Dear ACT community, we want to assure you that we’re fully aware of the current situation. Our team is actively investigating and working collaboratively with all relevant parties to address this matter.” The post also noted they had begun developing a response plan alongside their trusted partners. Analyst Altcoin Sherpa suggested that a price bounce for ACT seems likely but noted that “ppl might realize that they don’t really want to hold this coin and view this as a forced rebalance event. Nobody buying. Nobody selling.” No April Fool’s Joke As Binance posted about a different April Fool’s joke, investors started to speculate what caused the sudden bleeding, with some joking that the prank had gone too far. The crypto community guessed that Wintermute was responsible for the Altcoin massacre, as it reportedly liquidated several of its positions today. Nonetheless, the trading firm’s CEO, Evgeny Gaevoy, denied the rumors, stating, “Not us fwiw, but also curious about that postmortem.” Meanwhile, Lookonchain suggested that Binance’s recent update of its leverage and margin tiers on several altcoins, including ACT, could have been the reason for the token crash. Six hours later, Binance Customer Support replied to Wu Blockchain’s report, revealing that the reason for the dump was that three VIP users cross-sold tokens worth 514,000 USDT in the spot market and a non-VIP user transferred a large amount of ACT from other platforms and sold 540,000 USDT worth of the token in a short period. As a result, the cryptocurrency’s price dropped, which led some users to close their futures contracts, triggering the decline of other altcoins. The crypto exchange pointed out that they recently took “the initiative to take preventive measures to adjust leverage multiples downward.” Related Reading: Crypto Analyst Calls Dogecoin Chart A ‘Beauty’ As Key Indicators Align “Binance Contracts has recently issued consecutive adjustment announcements for the ACTUSDT perpetual contract, during which there was no market movement and no active reduction of any user’s position,” the post detailed. Binance added that it will continue to investigate the incident and update the relevant details if there is any news, concluding that the crypto market has been volatile recently and asking investors to exercise caution. Featured Image from Unsplash.com, Chart from TradingView.com
VanEck's BNB ETF, if approved, would be the first such product listed in the U.S.
After experiencing a bearish trend earlier in the week, Bitcoin (BTC) seems to have regained upward momentum. The asset started the day with a 2.1% rise. It is currently trading above the $84,000 mark, signaling a potential return to its previous price levels. Despite this positive movement, Bitcoin remains subject to fluctuating market conditions, influenced by external factors and internal metrics impacting its performance across different exchanges. Related Reading: Arthur Hayes Predicts $250,000 Bitcoin As Fed Caves To QE Pressure Shifting Trends in Bitcoin’s Exchange Flows As BTC continues to make strides above $84,000, an interesting trend has emerged in exchange flows signaling investor behavior. A recent analysis by CryptoQuant’s Joao Wedson provides a fascinating perspective on the current state of the Bitcoin market. According to Wedson, Bitcoin’s price action has been significantly impacted by lower selling pressure on certain exchanges, particularly Binance. In his report titled “Lower Selling Pressure: Binance and the BTC Flow Across Different Exchanges”, Wedson highlights that Short-Term Holders (STHs) are sending significantly fewer Bitcoin to Binance compared to other exchanges. The current amount of BTC being sent to Binance stands at 6,300 BTC, much lower than the average of 24,700 BTC transferred to other platforms. This suggests that many traders on Binance may be adopting a more neutral stance, potentially waiting for clearer signals before making further moves. On the other hand, Bitcoin inflows to other exchanges are increasing, indicating that investor behavior may vary based on the platform they use. Binance, despite having the highest trading volume, seems to be seeing less activity from short-term holders, whereas other exchanges are experiencing higher inflows. This shift could suggest that while Binance remains a trusted exchange, other platforms are beginning to see more action from BTC traders. Binance Dominates Spot Trading Volume In another analysis by CryptoQuant’s Maartunn, the focus shifted to spot trading volumes across various exchanges, with Binance taking the lead. In the year-to-date data for 2025, Binance has been the dominant player in spot trading volume, handling a cumulative total of $1.9 trillion. This is more than three times the volume of its closest competitor, Crypto.com, which stands at 12.12%. The dominance of Binance is significant, as higher trading volumes typically result in greater liquidity and tighter spreads, benefiting traders with better pricing and smoother entry and exit opportunities. Related Reading: Is Bitcoin (BTC) Poised For A Q2 Recovery? Analyst Points To 2017 Similarities The increasing liquidity on Binance makes it an attractive option for many investors, and its dominance in spot trading volume further solidifies its position as a key player in the cryptocurrency market. Binance Leads Spot Trading Volume in 2025 So Far “The cumulative spot volume chart clearly shows Binance leading with the largest share of activity, with 1.9T since the beginning of 2025… Binance controls 43.66% of the total spot market volume (4.56T), which is: – More than… pic.twitter.com/t1ohcg3GA9 — CryptoQuant.com (@cryptoquant_com) April 1, 2025 Featured image created with DALL-E, Chart from TradingView
Across Binance and OKX, the top three most popular perpetual futures pairs have shown a decent price uptick (+2% to 2.5% over the last 24 hours) alongside a big jump in trading volume. However, their open‐interest (OI) figures are diverging somewhat: while Binance’s BTC/USDT perpetual shows both volume and OI rising, most other pairs either show […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.