During the early Asian trading hours, the Binance Labs has transferred four investment project tokens worth about $2.79 million to the Gate. the intention of this transfer is unknown but is highly anticipated to be for sale purpose. Notably, these tokens include 47.61 million “UNA” tokens worth about $1.27 million, 25 million “PSTAKE” tokens worth …
On-chain data shows the average Bitcoin inflow to Binance has seen rapid growth over 2024, implying whales have been using the exchange more. Bitcoin Mean Exchange Inflow To Binance Has Shot Up Over The Past Year As CryptoQuant community analyst Maartunn explained in a new Quicktake post, Binance has seen a shift in its traffic […]
The US Department of Justice (DOJ) filed a civil forfeiture complaint to seize approximately $16 million in assets from a Binance account connected to an FTX bribery case, according to a Nov. 12 court filing. The Binance account, created in November 2023, contains various digital assets, including Internet Computer (ICP), Avalanche (AVAX), Ripple (XRP), Cardano […]
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Binance revealed that it has seen billion-dollar inflows following the just-concluded US elections, according to a Nov. 12 report shared with CryptoSlate. Since the Nov. 5 election that former President Donald Trump won, DeFiLlama data reveals that inflows into Binance have surpassed $7 billion. The inflow volume significantly outpaced its nearest competitor, OKX, which recorded […]
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Bitcoin has been on a major upward trajectory, recently hitting an all-time high (ATH) of above $89,000. As this milestone was crossed, a notable trend emerged with short-term holders transferring their holdings to major exchanges, particularly Binance. According to CryptoQuant analyst Joao Wedson, this behavior suggests that investors with shorter time horizons may be positioning themselves to take profits, leading to potential selling pressure in the market. What To Watch Out For Wedson highlighted that the concentration of Bitcoin deposits to a single exchange like Binance is worth close monitoring, as it could impact liquidity and price stability on the platform, potentially reverberating through the broader market. Related Reading: Is Bitcoin Now Overheating? Key Metrics Reveal Crucial Insights For Investors The CryptoQuant analyst emphasized three areas for market participants to watch closely. First, tracking the flow of BTC to exchanges, especially Binance, can provide insights into the potential scale of selling intent among short-term holders. As more coins flow to a major exchange, the potential for market impact rises, making it crucial to gauge the extent of any impending sell-off. Second, the impact on price volatility is expected to be significant as concentrated selling or profit-taking on Binance could create sharp movements, providing both challenges and opportunities for traders. The final area of focus, according to Wedson, is anticipating potential price movements based on these inflows and understanding how they may influence the broader market’s behavior. Bitcoin Market Correction Imminent? Meanwhile, further insights were provided by another CryptoQuant analyst known as “caueconomy.” This analyst pointed out that Bitcoin’s breakout of its previous all-time high has initiated a price discovery process. With this milestone, the market has seen heightened open interest levels, with more than $16 billion added to futures positions over the past week. This surge indicates a rise in leveraged positions, which can lead to heightened risk of corrections in the short term. Related Reading: Bitcoin Buying Pressure Rises, But Here’s Why A Pullback Could Be Coming However, the analyst emphasized that the market’s underlying fundamentals appear much more strong this time around, suggesting that any potential short-term corrections could be viewed as natural adjustments. Rather than signalling a broader downturn, these corrections may offer buying opportunities for investors looking to enter or accumulate during periods of market pullback. Bitcoin trades for $86,441, which has increased by 2.3% in the past day. Notably, this current trading price marks a 3.6% decline from BTC’s latest achieved all-time high of $89,864 earlier today. According to renowned crypto analyst known as Ali on X, key support levels for Bitcoin to watch are between $83,250 – $85,800 and $72,880 – $75,520. Featured image created with DALL-E, Chart from TradingView
Crypto prices continue melting upwards since Donald Trump's election victory as investors reprice digital assets in anticipation of a friendlier government.
As the 5th biggest cryptocurrency in the market, BNB price is currently trading at $650, with a market cap of $93.69 billion. As it enters closer to the $100 billion market cap, the Binance coin has increased by 4.44% in 24 hours. With a new breakout rally in action, will the BNB price reach a …
The estate of bankrupt crypto exchange FTX filed a lawsuit against Binance and its former CEO, Changpeng Zhao, for alleged fraudulent transfers and starting a campaign to “destroy” its competitor. The $1.8 billion legal action follows another 23 lawsuits filed last Friday to claw back part of the ill-spent funds. Related Reading: Cardano Founder Reveals […]
Data of the Bitcoin Coinbase Premium Gap could hint at which part of the market has been behind the bullish price action over the weekend. Bitcoin Coinbase Premium Gap Saw Negative Dips During Weekend In a CryptoQuant Quicktake post, an analyst has discussed about the recent trend in the Bitcoin Coinbase Premium Gap. The “Coinbase […]
Crypto community members have raised concerns over Binance’s listings of Solana-based memecoins—The AI Prophecy (ACT) and Peanut the Squirrel (PNUT)—alleging a possible pump-and-dump scheme. On Nov. 11, Binance, the world’s largest crypto exchange by trading volume, unexpectedly listed these low-market-cap memecoins, helping to boost their values and market caps rapidly. Following the Binance listing, ACT […]
The post Binance under fire for allegedly listing pump-and-dump memecoin schemes appeared first on CryptoSlate.
The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent.
A Solana-based meme coin called "Act I : The AI Prophecy" (ACT) has risen by more than 1,650% after being listed on Binance and Crypto.com.
Bankrupt crypto exchange FTX has filed a lawsuit against Binance and its former CEO, Changpeng Zhao, seeking to reclaim approximately $1.8 billion. According to a Nov. 10 court filing, FTX alleges a complex series of actions that contributed to its financial downfall, placing Binance’s early involvement and Zhao’s actions in the spotlight. So, through this […]
The post FTX sues Binance and Changpeng Zhao for $1.8 billion over alleged financial sabotage appeared first on CryptoSlate.
FTX has filed a lawsuit against Binance Holdings Ltd. and its former CEO, Changpeng Zhao. FTX aims to get back nearly $1.8 billion of funds. The bankrupt exchange alleges that its Co-Founder Sam Bankman-Fried fraudulently transferred these funds. According to the lawsuit, Binanace , CZ and other Binance executives received these funds as a part …
The estate argued that Sam Bankman-Fried’s $1.75 billion repurchase deal with Binance in July 2021 was a fraudulent transfer because of FTX’s insolvency.
Crossing above the $600 mark, Binance’s (BNB) coin price surpasses a multi-month resistance zone. As the breakout rally creates a solid bullish candle, the bull run increases the chances of a new all-time high. Will this breakout rally result in a price jump to the $1000 psychological mark? Let’s find out in Coinpedia’s latest BNB …
Reports disclosed that a former CEO of the world’s biggest crypto exchange increased his wealth by a massive amount in one day. This growth is attributed by analysts to the latest results of the US elections, which allowed Donald Trump to reclaim the US presidency. Related Reading: FTX Co-Founder Gary Wang Begs Judge For Freedom: […]
As the bitcoin price records a new high every day, the altcoin market has experienced a similar price action by adding significant value to their portfolio this week. With this, the Binance price is less than 20% from hitting a new high. Will the BNB price continue trading under a bullish sentiment and achieve a …
Binance has expanded its Smart Arbitrage offerings to include XRP and Dogecoin (DOGE), sparking speculation about potential price rallies for both tokens. To mark the listings, Binance launched a campaign with rewards totaling 45,000 USDT, allowing users to earn up to 20.95% APR. Investors are optimistic, especially with additional factors like Elon Musk’s DOGE initiatives …
As the crypto bull run gains momentum, Binance and Coinbase, two major centralized cryptocurrency exchanges, receive a massive inflow of ERC-20 stablecoins. With a $9.3 billion inflow, this is one of the largest inflows in the crypto industry. Such large-scale entry of huge ERC-20 stablecoins was last seen in September 2020 and February 2021, coinciding …
Changpeng Zhao (CZ), the billionaire founder of Binance, made his return to the public eye at the Coca-Cola Arena in Dubai, after his recent release from Federal Correctional Institution Lompoc II, where he served four months for failing to implement adequate anti-money laundering (AML) measures at Binance. Strong Emotional Ties To Binance’s Future Amid cheers […]
Zhao’s return in Dubai was met with a lot of public attention with loud cheers underscoring his continued influence in the crypto community. Yet, he reaffirmed his decision to step back from Binance leadership, noting he’s content with the changes. “I’ve been leading the company for seven years… But I think that chapter is that …
SUI has seen notable interest from investors and traders as the project has attracted a substantial influx of liquidity in the midst of rising market sentiment, underlining the growing confidence towards the crypto asset. This capital rise has increased trading activity and broadened the asset’s availability on many exchanges, indicating that the market is confident […]
Binance is shifting its focus to increase cryptocurrency adoption in Thailand which could transform the future of digital assets in the Asian region. Related Reading: Pakistan Legalizes Crypto: A Major Shift From Ban To Boom Binance announced it wants to make virtual coins a mainstream currency in the Thai market, which could propel the crypto […]
Today, the Binance cryptocurrency exchange which is the largest crypto exchange in the world has announced the listing of 2 new tokens on its platform. Reportedly, these 2 tokens are Cow Protocol ($COW) and Cetus Protocol ($CETUS). Moreover, these projects will be listed with seed tags applied to them. Notably, the Cow Protocol is a …
Binance has announced the delisting of specific margin trading pairs, QTUM/BTC (both cross and isolated) and XVS/BTC (isolated), effective November 14, 06:00 UTC. Starting November 7 at 06:00 UTC, isolated margin borrowing on these pairs will be suspended. On the delisting date, Binance will automatically close open positions, settle accounts, and cancel pending orders for …
Binance and its founder, Changpeng Zhao, have filed a motion to dismiss the US Securities and Exchange Commission’s (SEC) amended complaint. In a Nov. 4 court filing, Binance and Zhao’s legal team argued that the SEC has only superficially acknowledged a prior court ruling, which clarified that crypto is not inherently classified as a security. […]
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Crypto exchange Binance has made an important announcement today on 2 meme coins, POPCAT and MEW. The announcement stated that Binance Futures Copy Trading will add the following USDⓈ-M Perpetual Contracts today at 09:00 (UTC): POPCATUSDT, MEWUSDT. As per the announcement, users can now trade POPCATUSDT and MEWUSDT on the copy trading platform. Memecoins To …
In the long running SEC vs Binance legal battle, the latter has filed a motion to dismiss. The submission was done in the U.S. District Court for the District of Columbia on November 4. The firm by this legal action has responded to the amended complaint by the SEC. The Commission has accused Binance and …
Lawyers representing Binance and former CEO Changpeng “CZ” Zhao have made a fresh attempt to dismiss the Securities and Exchange Commission (SEC) lawsuit against them.