Low liquidity and massive sell orders likely led to the market imbalance.
Several tokens on Binance, including ACT, fell sharply and unexpectedly on April 1.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The entity was offboarded on March 18, and Movement Labs and Movement Foundation teams were informed of the “irregularities with their market maker.”
Binance has taken firm action against internal misconduct and market irregularities linked to the Movement’s MOVE token. The exchange has suspended a staff member for insider trading and penalized a market maker involved in manipulative trading practices. Insider trading On March 25, Binance Wallet confirmed the suspension of an employee who engaged in front-running trades […]
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The Movement Foundation said it was unaware of the activity and committed to using the funds to establish a "Movement Strategic Reserve."
Binance did not name the token involved in the allegations, and confirmed that no insider trading took place.
Binance said the suspended employee was suspected of exploiting insider information from his previous business development role at BNB Chain.
Crypto analyst CobraVanguard has revealed the next price target for Dogecoin as an ascending triangle forms for the foremost meme coin. A rally to this price target could pave the way for the new highs, especially with the crypto market looking to be in rebound mode. Next Target For Dogecoin As Ascending Triangle Forms In a TradingView post, CobraVanguard set $0.197 as the next target for the Dogecoin price with an ascending triangle forming. He noted that this ascending triangle indicates a potential price increase. The analyst added that it is anticipated that the price could rise, aligning with the projected price movement of AB=CD. Related Reading: Dogecoin Price Turns Bullish With 1-Day RSI In Oversold Region, Why DOGE Can Reach $0.9 Meanwhile, CobraVanguard warned that it is crucial to wait for the triangle to break before taking any action. His accompanying chart showed that Dogecoin needs to break above $0.177 to confirm a break above the ascending triangle. A break above that target would then lead to a rally to the $0.197 target. Dogecoin already looks to be in rebound mode at the moment, alongside Bitcoin, which is nearing the $90,000 mark again. The foremost meme coin is nearing the $0.177 target for a break above the ascending triangle. As crypto analyst Kevin Capital suggested, DOGE will likely rally as long as BTC is in bullish territory. Crypto traders are also betting on a Dogecoin rally to the upside. Crypto analyst Ali Martinez revealed that 76.26% of traders with open DOGE positions on Binance futures are leaning bullish. This is particularly bullish because Binance traders have a good track record of being right most of the time. In another X post, Martinez revealed that whales bought over 120 million DOGE last week, which is also bullish for the foremost meme coin. DOGE’s Market Structure Has Shifted In an X post, crypto analyst Trader Tardigrade revealed that Dogecoin’s market structure has shifted. This came as he noted that Dogecoin is recovering from an ascending triangle, forming higher highs and higher lows from lower highs and lower lows. Related Reading: Dogecoin Price Stages Bounce From Lower Border Of Second Falling Wedge, New Targets Unlocked? Based on this, the analyst affirmed that Dogecoin had shifted the market structure from a downtrend to an uptrend on the hourly chart since it just formed the second higher high. His accompanying chart showed that DOGE is eyeing a rally to $0.177 as it continues to form higher highs. Martinez raised the possibility of the Dogecoin price rallying to as high as $4 or even $20 in the long term. He stated that if DOGE holds above the $0.16 support at the lower boundary of an ascending channel, history suggests that it could rebound toward the mid-range at $4 or upper range at around $20. At the time of writing, the Dogecoin price is trading at around $0.174, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pexels, chart from Tradingview.com
An increase in open interest alongside a rise in price is said to confirm the uptrend.
BNB Chain introduced the Pascal Hardfork on March 20, an upgrade designed to boost transaction efficiency and improve its compatibility with the Ethereum Virtual Machine (EVM). This update integrates Ethereum Improvement Proposal (EIP) 7702, enabling advanced functionalities such as gas abstraction, smart contract wallets, and batch transactions. Pascal Hardfork The Pascal Hardfork marks a major […]
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The Bitcoin network is evolving into a wider DeFi ecosystem, the report said.
Changpeng Zhao has dismissed a Wall Street Journal (WSJ) report suggesting he is discussing an investment deal with the family of US President Donald Trump in Binance.US, the American division of the global Binance crypto exchange. On March 13, Zhao took to X to refute the claims, calling the article an attempt to undermine both […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The talks began after Binance reached out to Trump allies last year to strike a deal for the exchange's return to the U.S, according to report.
Representatives for the Trump family reportedly held talks with Binance to take a stake in the crypto exchange giant's U.S. arm.
Key takeawaysBuying Bitcoin with a credit card offers nearly instant transactions and convenience, but it costs you higher fees and potential blocked transactions from card providers.Centralized exchanges like Coinbase and Kraken are the easiest reputable platforms on which to buy Bitcoin with credit cards.To protect yourself during transactions, only use trusted exchanges and use security protocols like 2FA.Credit card purchases can offer some extra protection against fraud compared to other payment methods, but purchase limits can be more restrictiveLooking for the quickest and easiest way to purchase Bitcoin? Buying Bitcoin with a credit card is almost instant on many platforms. Before you start your digital shopping spree, you should take a few minutes to learn how to buy Bitcoin (BTC) with a credit card in the most efficient way. However, if you’re not careful, you could end up damaging your credit score and even getting scammed out of your investments. Below, you will find a step-by-step process for purchasing Bitcoin on a reputable exchange, plus learn how to protect yourself from unnecessary financial distress along the way. Why use a credit card for Bitcoin purchases?Buying Bitcoin via a credit card is almost instant on major exchanges. It can be performed easily on a mobile device or web, allowing buyers and traders to quickly take advantage of market moves.Often, the cryptocurrency exchanges that accept credit cards are regulated and will use high levels of encryption. These exchanges will require Know Your Customer (KYC) and Anti-Money Laundering (AML) checks for security and compliance. Purchasing Bitcoin with a credit card is a beginner-friendly option for new cryptocurrency investors already familiar with using their credit cards for online transactions. There may be some protection from the credit card company if something goes awry.Will buying Bitcoin with a credit card affect my credit score?Every purchasing decision you make with your credit card will have an effect on your credit score, either positive or negative. Crypto is likely to do more harm than good to a credit score. Here’s why:Particularly with large Bitcoin purchases, it will increase your credit utilization ratio. Banks don’t reflect kindly to high credit utilization above 50% of a credit limit.Traditional banks and card issuers classify crypto purchases as cash advances and risky transactions. Payment history still remains the key factor in your credit score. Credit issuers may well frown upon regular Bitcoin purchases.Did you know? Over 85% of retailers across the world accept credit cards, while only 25% of online retailers accept crypto payments. Credit cards are still more widely accepted; however, crypto acceptance is growing quickly. Where to buy Bitcoin (BTC) with a credit cardYou could buy Bitcoin with credit cards on centralized crypto exchanges (CEXs). Well-known global platforms like Coinbase, Kraken and Binance all enable their users to buy Bitcoin with a credit card. Adding to this, you can use instant buy features to purchase Bitcoin with a credit card without depositing fiat currency into your account first. However, the regional availability for CEXs varies from platform to platform. This is usually dependent on local regulations and compliance. So, before picking a platform, you should check if it operates in your location and with your card issuer.What if a credit card transaction is declined?Many traditional banks actively block crypto-related transactions, which means you might find your credit card declined when attempting to purchase Bitcoin or other cryptocurrencies. This is often due to the bank’s policy against facilitating cryptocurrency transactions. However, there is good news: Modern fintech banking alternatives, such as digital banks and crypto-friendly payment platforms, are increasingly supportive of cryptocurrency purchases, offering a smoother transaction experience.Aside from bank restrictions, other reasons for declined crypto transactions can include fraud prevention measures, where the transaction is flagged as suspicious. Additionally, exceeding your credit card’s spending limit or encountering issues with your card’s authorization settings can also lead to a declined transaction.Is there a limit to how much Bitcoin can be bought with a credit card?The purchase limit for Bitcoin varies for each individual and is influenced by two main factors. First, the spending limit on your credit card, which is determined by your bank or card issuer. Second, the crypto exchange you’re using will impose its own purchase limits. For first-time buyers, these limits can be relatively low — often just a few hundred dollars. However, depending on the exchange and your account history, these limits can typically be increased to $5,000 or more per week if needed.You should also be aware of the credit card Bitcoin purchase fees that can include: Exchange fees: Typically 3%–5% for credit card purchases (this is higher than other methods, which can be as low as 0.1%).Card issuer fees: Some treat crypto purchases as cash advances.Foreign transaction fees: It may apply to fiat foreign currency transactions. Did you know? 8%–10% of the adult global population is thought to own cryptocurrency of some form in 2025. A huge jump from 1%–2% in 2018, highlighting the increasing adoption rate.How to buy Bitcoin on CEXs with a credit cardBuying Bitcoin with a credit card is one of the quickest and easiest ways to make a purchase. Once you have a verified exchange account, you can make the transaction almost instantly. Below is a step-by-step guide on how to buy Bitcoin with a Visa or Mastercard on Coinbase. Steps on other exchanges may vary, but the process is generally very similar. Step 1: Create a verified accountFollow the user-friendly sign-up process. Ensure to activate 2-factor authentication (2FA) to double-lock your account. During the sign-up process, you’ll need to verify your identity. Crypto regulations in many countries require exchanges to comply with KYC and AML regulations. To pass these checks, you must upload a valid government ID (passport, driving license or any other acceptable ID card).Step 2: Link your credit cardOnce your account is accessible, use the right-hand side panel to add your payment method. This will give you the option to link a credit card. Add your card details and click “Add Card.” Step 3: Buy BitcoinUsing the right-hand side panel instant buy feature, select Bitcoin and the amount you’d like to purchase. The exchange buy limit will also be shown next to your credit card payment method. This is usually limited to 10,000 British pounds daily on Coinbase. When ready, click “Buy Now.” Confirm the purchase on your banking app. Once approved, the Bitcoin will be added to your exchange account and fiat debited from your credit card. How to protect yourself from fraud when buying Bitcoin with a credit cardThe irreversible nature of Bitcoin means security and fraud prevention should be at the top of your list. It is your responsibility to protect your financial information and crypto from being compromised. To stay safe when buying Bitcoin, you should:Only use a reputable and regulated exchange with a strong security record.Use core security features, including unique passwords and 2FA.Watch out for phishing attempts. Double-check URLs, and don’t click email links or unsolicited messages.Consider moving Bitcoin into a self-custody hardware wallet to protect against exchange hacks and fraud. Is it safe to buy BTC with a credit card?It is generally considered that buying Bitcoin with a credit card is one of the safest methods. This is because it helps to protect your wider financial information, such as direct access to bank accounts. You can also benefit from fraud prevention and spending limits that credit card companies offer. So, if your card details or accounts fall into the wrong hands, you will have higher levels of protection. Plus, there is even some recourse to reverse payments and have fraudulent payments struck off. While it does offer added protection and convenience, purchases will come at a higher cost. Credit card companies typically charge higher fees for crypto transactions, and you may face restrictions on the size of Bitcoin purchases. Many exchanges impose lower purchase limits for credit card transactions, especially for first-time buyers, which could make it less appealing for larger investments. Despite these drawbacks, the extra protection and ease of use make it a convenient option for those new to the crypto space.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Many investors dismiss BNB as simply "the Binance coin," but that designation fails to recognize the potential arising from its broader value unlock, says Osprey Funds’ Matt Gerics.
It's the first institutional investment in the crypto exchange and the investment was made in stablecoin, Binance said.
The financing MGX's first investment into a crypto and blockchain firm, with MGX also acquiring a minority stake in Binance.
Bitcoin’s price has once again turned bearish after briefly recovering to $94,000 on Monday. Notably, the cryptocurrency had shown signs of strength earlier this week following a period of decline, but the recovery was short-lived. As of today, Bitcoin slipped below $90,000, marking a 1.8% decrease in the past 24 hours. According to CryptoQuant analyst Crazzyblockk, one key factor contributing to this downward movement appears to be increased selling pressure from large Bitcoin holders. Related Reading: Historic Bitcoin Buy Signal: DXY’s Collapse Signals A Bigger Bull Run Whales and Large Holders Drive Selling Pressure on Binance Crazzyblockk in his latest insight highlights how whales and other large investors on Binance are actively offloading BTC as prices rise. This trend suggests that experienced traders are taking advantage of market optimism to exit their positions, potentially limiting Bitcoin’s short-term upside potential. Whale to Binance Flow Hits 3-Month High at $7.3B Over Last 30 Days “This often happens alongside heavy changes in price and shows that large holders choose Binance as their exchange. Watching whale deposits is important, as their moves can drive the market.” – By @JA_Maartun pic.twitter.com/psD3zuDXf3 — CryptoQuant.com (@cryptoquant_com) March 6, 2025 The trend also comes at a time when whale to Binance flow sees a consistent increase. Crazzyblockk’s analysis of on-chain data from Binance particularly indicates that large Bitcoin holders—categorized as fish, sharks, and whales—are selling into market rallies. The data reveals that the larger the holder, the more strategically they distribute their Bitcoin holdings. These entities account for an increasing share of daily sell-side activity on Binance, suggesting that they are actively shaping Bitcoin’s price movements. As Bitcoin’s price trends upward, whale activity on Binance has intensified, with more BTC flowing into the exchange. The report highlights that while retail investors—often referred to as shrimps—have remained relatively inactive, whales and sharks are capitalizing on rising prices to take profits. This consistent distribution from high-value holders has created sustained downward pressure, preventing Bitcoin from making a parabolic move higher. Bitcoin Market Outlook: Can Accumulation Offset Whale Selling? With large holders continuing to offload BTC, the risk remains that any further upside could trigger even more selling pressure, reinforcing resistance levels. This dynamic means that Bitcoin’s price movement could remain constrained unless new accumulation from long-term investors or institutional buyers offsets the selling trend. Related Reading: Bitcoin Bullish Signal: $900 Million In BTC Leaves Exchanges Crazzyblockk emphasizes that tracking Binance’s whale activity is crucial for understanding market direction. Since these large holders are not just participants but also price movers, their actions can provide insight into short-term market trends. If whale selling slows and new accumulation picks up, Bitcoin could find support and regain momentum. However, if the current trend continues, further downside pressure remains a possibility. Featured image created with DALL-E, Chart from TradingView
On-chain data shows a Litecoin whale has made a huge deposit to the cryptocurrency exchange Binance in the past day, a sign that could be bearish for LTC’s price. Binance Has Just Received A Massive Litecoin Inflow According to data from the cryptocurrency transaction tracker service Whale Alert, a large move has been spotted on the Litecoin network during the last 24 hours. The transfer in question involved the shifting of 500,000 LTC across the network. At the time that the chain executed the transaction, this stack was worth around $51.3 million. Given the large scale associated with the move, it’s likely that a whale entity was responsible for it. Related Reading: Bitcoin’s Next Stop: $75,500? Analyst Reveals Historical ‘Magnet’ Level Whales are the largest of investors on the network, who can carry some degree of influence in the market due to their ability to make large transactions like this latest one. As such, the behavior of these humongous holders can often be worth keeping an eye on, as even if it may not always end up impacting the LTC price, it can still tell us about what the sentiment is like among this important cohort. Generally, though, it can be hard to say for certain what the whales are doing from their transaction activity alone, considering the anonymous nature of the blockchain. Nonetheless, sometimes, one of the wallets involved in the transaction can be connected to a central entity, which can provide room for speculation. The latest Litecoin move is fortunately of this type. Here are the details of the addresses involved in the transfer: As is visible above, the whale made the Litecoin transaction from a few unknown wallets. Such addresses are those that aren’t known to be affiliated with any centralized platform, so they can be assumed to be personal, self-custodial wallets of the investor. The destination of the transaction was a wallet attached to Binance, an exchange. Moves of this type, where coins go from personal addresses to the custody of an exchange, are known as exchange inflows. Related Reading: Solana (SOL) Crashes 15% After Massive Profit-Taking Spike Usually, investors deposit their tokens to these platforms when they want to use one of the services that they require, which can include selling. As such, exchange inflows can sometimes have a bearish impact on the asset’s price. It’s unknown, though, whether the whale truly intended to sell with the latest exchange inflow or not. In the scenario that the investor did plan for it, then it could spell trouble for Litecoin, considering the scale of the move and the fact that its price has already registered a considerable drawdown during the past week. LTC Price Litecoin has recently plummeted alongside the rest of the cryptocurrency sector, which has brought its price down to $104. Featured image from Dall-E, whale-alert.io, chart from TradingView.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Binance will delist trading pairs for nine stablecoins in the European Economic Area (EEA) by March 31, according to a March 3 statement. According to the exchange, this decision aligns with its efforts to comply with the European Union’s Markets in Crypto-Assets (MiCA) framework, which introduces stricter regulations for digital assets. Binance delists Tether and […]
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The move, set to take effect on March 31, will impact nine stablecoins, including Tether (USDT), First Digital USD (FDUSD) and Dai (DAI).
Binance has announced the listing of MyShell (SHELL) as the 10th project on the HODLer Airdrops page, rewarding users who participated in BNB Simple Earn and On-Chain Yields subscriptions. MyShell is a decentralized AI consumer layer, designed to connect AI creators, researchers, and users within an open-source ecosystem. Eligible users who held BNB between February 14, 2025, and February 18, 2025, have received SHELL tokens through the HODLer Airdrops program. Additionally, Binance listed SHELL for trading on February 27, 2025, at 13:00 UTC, opening pairs against BTC, USDT, USDC, BNB, FDUSD, and TRY. Why Trade SHELL on Binance? Binance remains the leading exchange for new token listings, offering a highly liquid and secure trading environment. A detailed Binance review covers the platform’s security, fees, and trading options, helping traders understand why Binance is the top choice for digital asset trading. SHELL HODLer Airdrop Details Token Name MyShell (SHELL) Genesis Total Supply 1,000,000,000 SHELL Max Token Supply 1,000,000,000 SHELL HODLer Airdrop Allocation 25,000,000 SHELL (2.5% of total supply) Additional HODLer Airdrop (6 months later) 25,000,000 SHELL Circulating Supply at Listing 270,000,000 SHELL (27% of total supply) Networks Ethereum, BNB Chain Listing Fee 0 How to Trade SHELL with Lower Fees on Binance Trading on Binance can lead to increased fees due to high trading activity and market demand. To reduce costs, new users can sign up using a Binance referral and receive: 20% off spot trading fees 10% off futures trading fees Exclusive cashback bonuses for eligible users By taking advantage of the Binance referral program, traders can optimize their trading costs and maximize their profit potential. What is Binance HODLer Airdrops? Binance HODLer Airdrops is a rewards program for BNB holders, distributing free tokens based on historical BNB balance snapshots. Users who subscribe their BNB to Simple Earn (Flexible or Locked) or On-Chain Yields are automatically eligible for these airdrops. Unlike other reward programs that require active participation, HODLer Airdrops retroactively reward users without extra actions. This makes it a simple and passive way to earn additional crypto assets on Binance.
Binance refuted social media claims that it is offloading its Ethereum (ETH) and Solana (SOL) holdings. On Feb. 26, Binance’s customer support team addressed the speculation on X (formerly Twitter), stating that the exchange is not engaging in large-scale token sales. The firm clarified that it functions solely as a marketplace that facilitates transactions, with […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The survey found that investors entered the cryptocurrency space looking for significant returns and financial freedom.