Binance CMO Rachel Conlan says that "community feedback and input" are important factors for crypto exchanges when deciding which cryptocurrencies to list, though nothing is "guaranteed."
This week’s Crypto Biz explores Singapore Gulf Bank’s plans to acquire a stablecoin firm, Binance delisting tokens, Cantor Fitzgerald’s stake in Tether and the first DOGE ETP.
A former Binance executive has filed a whistleblower lawsuit against the cryptocurrency exchange in the UK, alleging that a colleague solicited a bribe from a customer in exchange for preferential treatment. Amrita Srivastava, a senior employee based in London, claims she was “unfairly dismissed” after raising concerns about the alleged misconduct. Srivastava’s Lawsuit Against Binance […]
Amrita Srivastava, who worked at Binance from 2022 to 2023, alleged reporting a bribe at the crypto exchange resulted in her dismissal.
Before its recent price correction, Bitcoin came close to hitting the six-digit milestone, achieving an all-time high of $99,645—a near 170% year-to-date increase. This notable price performance, followed by the recent price dip, has sparked discussions about the state of the market, particularly the profit-taking behaviour observed among investors. An analysis by a CryptoQuant analyst known as Darkfost sheds light on these dynamics, focusing on realized profits and investor behaviour linked to Binance, one of the largest cryptocurrency exchanges globally. Related Reading: Bitcoin’s Price Dip Triggers Alert On NVT Golden Cross—Here’s What To Watch For Are Investors Actively Taking Profits Now? According to Darkfost, tracking the profits realized by investors transferring Bitcoin to Binance can provide “valuable insights into the broader market sentiment and behaviour, especially considering Binance consistently handles higher volumes than any other exchange.” He notes that following Bitcoin’s breakthrough to a new high, there has been a noticeable increase in realized profits among the Binance cohort. This trend reflects a significant level of investor engagement, where users are capitalizing on the price surge to secure gains. However, Darkfost emphasizes that the scale and pace of profit-taking—whether aggressive or steady—could help determine the trajectory the market is headed to next. The analyst highlights that profit-taking activity on Binance has recently subsided after an initial surge. This pause in selling behaviour may suggest growing confidence among investors in Bitcoin’s potential for further gains. However, Darkfost stresses the importance of monitoring these metrics, particularly the realized profits exceeding $10 million. Significant profit-taking could indicate a cooling-off period or even a reversal in an upward trend, while a steady approach may reinforce the strength of the ongoing rally. Bitcoin Sees Rebound After recording a notable correction following its latest achieved all-time high, Bitcoin is finally now seeing a noticeable rebound in its price. Over the past few days, since the week started, Bitcoin has experienced consistent dip which dropped its price to as low as $90,000 levels yesterday for the first time in recent weeks. Related Reading: The Current Correction In Bitcoin Is The Last Before A Major Rally—Here’s Why However, so far, the asset is now gradually regaining its recently shedded gains. At the time of writing, Bitcoin has surged by 2.3% in the past 24 hours with a current trading price of $94,656 which bring BTC’s price to a mere 5.1% decrease away from its all-time high. Along with its price, BTC’s market cap valuation has also seen a surge. Over the past day alone nearly $80 billion has been added to the crypto’s market cap which rose from $1.8 trillion on November 26 to $74 trillion as of today. Featured image created with DALL-E, Chart from TradingView
Ethereum futures hit new records, possibly signalling a fresh bull run in ETH.
Memecoins have been the top narrative of this cycle, bringing in millions of dollars in revenue to platforms like Pump.fun and generating massive profits for crypto investors. However, many consider that the frenzy around these tokens has taken a concerning turn as the cycle progressed, with figures like Changpeng Zhao urging for projects with ‘real’ […]
In a recent development, Binance annuounced removing the tokens GFT, IRIS, KEY OAX and REN from its platform on December 10, 2024 citing a lack of compliance with industry standards. The news triggered a significant sell off as the tokens dropped over 30%-50% shortly after the news. Notably, Most of these tokens had registered lower …
The crypto exchange is delisting trading pairs for GFT, IRIS, KEY, OAX and REN by December.
Binance founder Changpeng Zhao has shared concerns over the growing hype surrounding memecoins while urging to develop more utility-driven tokens. In a Nov. 26 post on X (formerly Twitter), Zhao acknowledged the popularity of memes but expressed unease over their current direction, describing them as “a little weird.” According to him, most memecoins lack real-world […]
The post Binance founder Changpeng Zhao notes ‘weird’ memecoin mania, urges utility innovation appeared first on CryptoSlate.
Expected to launch in the coming weeks, Schuman’s new euro-backed stablecoin labels 107 countries as “high-risk.”
Changpeng Zhao urges the crypto world to prioritize real blockchain solutions over memecoins, highlighting the shift in market dynamics.
The Shiba Inu community has launched a petition urging Binance to list Bone ShibaSwap (BONE), a pivotal token within the Shiba Inu ecosystem. This move aims to strengthen the ecosystem’s growth and enhance the interconnected utility of its tokens—SHIB, BONE, and LEASH. Shiba Inu Team Hopes For Another Successful Petition Lucie (@LucieSHIB), the marketing lead […]
Wrapped Bitcoin was launched in 2019 to give Bitcoin investors an option to use the asset in decentralized finance applications.
Binance is significantly expanding its compliance team by 34% by the end of 2024, aiming to strengthen its regulatory efforts. The company plans to have over 1,000 compliance professionals, with 645 full-time staff members, to enhance its ability to meet global regulatory standards. This move comes after Binance increased its spending on compliance by 36% …
Binance, the world’s largest crypto exchange, has exceeded 240 million users globally, according to a Nov. 22 statement shared with CryptoSlate. This number means that the crypto trading platform has added 70 million new users this year, considering it finished 2023 with 170 million users. So, if Binance were a nation, its population would rank […]
The post Binance user base surpasses 240 million as institutional onboarding doubles appeared first on CryptoSlate.
Binance, the world’s largest crypto exchange, says it expects to have 645 full-time compliance employees on staff by the end of the year — a 34% increase from last November — as it continues to rapidly build out its compliance department.
On-chain data shows the XRP Binance Netflow has spiked to positive levels recently. Here’s what this could mean for the asset’s price. XRP Investors Have Been Depositing To Binance Recently As explained by an analyst in a CryptoQuant Quicktake post, a large amount of XRP deposit transactions have headed to Binance recently. The on-chain metric of relevance here is the “Exchange Netflow,” which keeps track of the net transfers going in or out of a given centralized exchange. The traditional form of this metric measures the difference between the inflow and outflow volume for the platform, but in the context of the current topic, a different version of the indicator is of interest: one that counts the net number of deposit/withdrawal transactions. When the value of the metric is positive, it means there are more inflow transfers happening for the exchange than outflow ones. As one of the main reasons why investors deposit to these platforms is for selling-related purposes, this kind of trend can be bearish for XRP. Related Reading: Cardano Outperforms Market With 50% Surge: Here’s Why On the other hand, the indicator being negative implies withdrawals are dominant on the exchange. Such a trend can be a sign that holders are interested in HODLing into the long term, which can naturally have bullish effects on the price. Now, here is a chart that shows the trend in the 30-day moving average (MA) of the XRP Exchange Netflow for Binance over the last couple of years: As is visible in the above graph, the XRP Exchange Netflow for Binance has mostly stayed inside the positive territory during the last two years, which suggests investors have constantly been making withdrawal transactions. Recently, however, the metric appears to have diverged from the norm, as its value has registered a sharp positive spike. The asset has seen a sharp rally of over 54% in the past week, so it’s possible that the traders making the deposits are looking to sell and realize their profits. Now, the main question is, is this selling a potential threat to XRP’s value? The indicator is sitting at 470 right now, which suggests significantly more inflows than outflows. Considering that this is also just the 30-day MA, the peak value is bound to be even higher. Related Reading: Bitcoin Is About To See A Historically-Profitable Crossover In This Metric While this high number of inflow transactions may look like a danger at first glance, it may actually not be so, since it corresponds to activity that’s mostly from the retail investors. Whales don’t tend to leave behind too many transactions, as they prefer to move large amounts with a single transaction. Thus, whenever this version of the Exchange Netflow spikes, it’s a sign that the small holders are depositing. Naturally, there could still be a few whale transfers among these inflows, which can indeed end up having a negative effect on the XRP price. It only remains to be seen, though, which of the scenarios holds true. XRP Price XRP has pulled ahead of the rest of the market with a sharp rally during the past week, which has taken its price to $1.09. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Binance’s recent listing of SLERF and Secret (SCRT) tokens on Binance Futures has created a buzz in the crypto market. The tokens began trading with 75x leverage starting November 21, igniting a surge in their prices. SCRT saw a 30% price increase, hitting $0.41 before settling at $0.34, signaling renewed investor confidence. The altcoin is …
Binance has introduced BFUSD, a reward-bearing margin asset for futures trading, clarifying it is not a stablecoin and hasn’t launched yet. Speculation arose after its promotional page compared BFUSD’s 19.55% APY to stablecoins, reminiscent of Terra’s Anchor Protocol. Users can hold BFUSD in their UM wallets to earn daily rewards without lockup requirements. Binance phased …
In the latest announcement, Binance has disclosed significant updates to the leverage and margin pairs for several USD-M perpetual contracts. These include SHIB/USDT, ADA/USDT, FLOKI/USDT, and SHIB/USDT pairs. These updates are designed to enhance market stability by adjusting leverage options across various position sizes, impacting both small and large traders. The changes, which apply to …
Bybit, Bitget and OKX combined have 877,000 daily active users in the U.S., data from Sensor Tower shows. It's unclear if they are just checking prices, or trading in violation of the rules.
The social media account of a well-known educational platform was reportedly targeted in a cyberattack, leading to its unauthorized compromise. Related Reading: Crypto Milestone: Spot Bitcoin ETF Options Get CFTC’s Stamp Of Approval Giggle Academy founder Changpeng Zhao told followers of Giggle Academy to be cautious in dealing with their X account, confirming that their […]
Binance in its latest announcement has revealed that it has launched the BFUSD stablecoin, which provides an annual yield of 19.55%, which can also be used as collateral. The benefits included Hassle-Free Earnings with no need for staking or locking up your funds, Extra Trading Power as BFUSD can be used as collateral with 100% …
In a recent video analysis, Crypto Banter has identified key meme coins poised for major exchange listings, including the possibility of debuting on Binance. With meme coins gaining popularity for their community-driven appeal, knowing what drives their selection is crucial for early adopters. So, what memecoins might get listed next on Binance? Meme Coin Listing …
On-chain data shows Bitcoin has continued to flow out of the cryptocurrency exchange Binance even after its latest high above $93,000. Bitcoin Binance Netflow Has Been Seeing Negative Spikes Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Exchange Netflow for Binance has registered negative values recently. The “Exchange Netflow” here […]
Bitcoin has continued its bullish momentum streak, reaching a new all-time high on November 13 and triggering a wave of activity across the crypto market. In particular, the futures market has been significantly impacted, with a surge in trading volume for the BTC/USDT pair. This increase has highlighted an intense period of market engagement, with leading exchanges, particularly Binance, at the forefront of this trading frenzy. Related Reading: Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80% Record Trading Volumes And Market Volatility Risks A CryptoQuant analyst known as Crazzyblockk shared insights into the trading frenzy phenomenon, noting that the futures market for Bitcoin has become “exceptionally overheated.” According to the analyst’s recent post on the CryptoQuant QuickTake platform, trading volume has surged across both spot and futures markets on major centralized exchanges. The cumulative trading volume for BTC/USDT across all major platforms has reached an amount of roughly $129 billion, with Binance contributing a substantial $50.2 billion to this figure. The surge in futures trading activity has raised important questions about market stability and the potential for heightened volatility. As Crazzyblockk explained, when Bitcoin’s derivatives market experiences rapid growth, particularly in the futures segment, there is often a tendency for heightened market fluctuations. The CryptoQuant analyst added: While this can briefly boost demand, it often leads to minor pullbacks and sharp fluctuations. The analyst emphasized that the “overheated” state of the market warrants caution from investors and traders. In his words: Given the current climate, it would be wise for investors and traders to exercise caution, refrain from rushed speculation, and await a period of price stability before making further moves. Outlook On Bitcoin Bitcoin is facing a noticeable decline in price, dropping by 6.1% in the past day to a current trading price of $87,977. This ongoing drop in price comes after it recently achieved an all-time high above $93,000, as recorded yesterday. With BTC back to trading below the $88,000 region, the asset has now decreased 5.9% away from its peak. While the reason behind this ongoing correction is not certain, renowned crypto analyst Ali has recently highlighted an interesting BTC trend behind the scenes. Related Reading: Short-Term Bitcoin Holders Move Millions To Binance—Is A Market Correction Imminent? In a post uploaded earlier today on X, the analyst reveals that roughly $5.42 billion of Bitcoin profits has now been realized, pushing the asset’s sell-side risk ratio to 0.524%. Ali warned to “stay alert and proceed with caution.” Meanwhile, another analyst known as Javon Marks has also noted in one of his recent posts that while further upward momentum is still being witnessed with Bitcoin hitting a peak yesterday, “target now continues to be at $116,652 which is visioned to come at even greater speeds and with greater power than the first.” Some of the greatest, most precise, and simplistic analysis that you will probably see on #Bitcoin (BTC) and Crypto ♟️! December 2022 @ ≈$16,782, we noticed bullish signals as well as a price breakout holding which signaled to us the $67,559 target which at the time was over… https://t.co/qrJv2WPwnG pic.twitter.com/7ZkeUV13UY — JAVON⚡️MARKS (@JavonTM1) November 13, 2024 Featured image created with DALL-E, Chart from TradingView
Binance Futures is set to launch the DEGENUSDT Perpetual Contract on November 15, 2024, at 11:30 UTC, offering traders the chance to trade with up to 75x leverage. However, Binance has not listed any spot trading pairs for DEGENUSDT yet. The DEGEN token is based on the Base chain and was originally introduced as a …
Many leveraged positions appear to be in jeopardy due to Bitcoin‘s recent price rally, which has formed new liquidation levels along the way. As the crypto asset continues to demonstrate potential for upward movement, investors are advised to proceed cautiously and reassess their positions to avoid substantial losses. A New Liquidation Level Emerges For Bitcoin […]
In the latest announcement, Binance revealed on Thursday that it is expanding offerings for three tokens. The crypto exchange revealed that it is listing new pairs for The AI Prophecy (ACT), Peanut The Squirrel (PNUT), and First NEIRO on Ethereum tokens, sparking investor curiosity. The listed coins soared 3%-32% in reaction to the news, signaling …