Judge Emeka Nwite ruled that Tigran Gambaryan should stay in prison unless his health condition poses a threat to others and quarantine is unavailable.
The token, SCR, will be distributed through an Oct. 22 airdrop and listed on Binance, Scroll said.
Binance has released its 23rd Proof of Reserves snapshot for October 2024, showing significant changes in the exchange’s major crypto holdings. While Bitcoin (BTC), Ethereum (ETH), and USDT saw declines, Binance’s native token, BNB, experienced growth, highlighting the company’s changing asset management strategy. Binance released the 23rd proof of reserves (snapshot date October 1). User …
In a recent trading activity on the crypto exchange Binance, 72% of ETHUSDT traders have taken long positions. This interesting sentiment is revealed through the trading analytics platform CoinGlass. This surge in long position is more notable as it comes after a week of Ethereum trending downwards. Related Reading: Injective (INJ) Down 20% As Market Retracement Forces Sell-Off The strong tilt toward long positions suggests that most traders are confident Ethereum’s price will rebound in the coming week. On the other hand, 27.97% of Binance traders are still holding short positions on ETHUSDT. ETHUSDT Long Positions Soar: What’s Behind It? According to data from CoinGlass, the ETHUSDT traders are currently leaning toward a bullish price for Ethereum in the coming weeks. Notably, the data is mainly confounded by the ETHUSDT perpetual traders. The data reveals that the number of traders currently opening long ETH positions on Binance significantly outweighs those opening short positions by a ratio of 2.58, highlighting the bullish sentiment among some cohorts of traders. At the moment, it is unclear why the majority of Binance perpetual traders are going long on Ethereum, except for just a general bullish sentiment on the longer term, as there are no expiration dates for their positions. 72.03% have long ETHUSDT positions opened in the past 24 hours. Meanwhile, 27.97% of ETHUSDT traders remain cautious and have taken short positions within the same timeframe. These traders may be skeptical about Ethereum’s price recovery in the long term. In comparison, 58.15% of BTCUSDT traders are going long, while 41.85% have short positions opened in the past 24 hours. However, looking beyond Binance and at the wider crypto market, the sentiment appears to be less bullish. Data from aggregated crypto exchanges shows that spot traders are adopting a more neutral stance on Ethereum, and market participants are equally split between buyers and sellers. Particularly, the Exchanges ETH Long/Short Ratio shows 49.05% of market participants are buyers, while 50.95% are sellers in the past 24 hours. What’s Next For Ethereum Price? While the long positions on Binance suggest confidence in a rally, the neutral sentiment among spot traders points to a more cautious outlook. At the time of writing, Ethereum is trading at $2,420. According to data from Coinmarketcap, the altcoin is currently down by 8.38% in the past 24 hours. Related Reading: Shiba Inu Burn Rate Shoots Up 1,000% – Are New ATH Levels Just Around The Corner? Technical analysis shows that Ethereum is retesting a bottom trendline and is on the verge of breaking to the downside. If the bulls are unable to hold this trendline, it could cascade to a further 10.7% fall towards $2,150. On the positive side, a rebound on this trendline could push the crypto to the upside and retest $2,700 as October continues to play out. Featured image from Pexels, chart from TradingView
According to a recent report by Bloomberg, Binance, the world’s largest cryptocurrency exchange by trading volume, is facing significant challenges as its market share continues to decline. In September, Binance’s share of trading volume in the roughly $2 trillion digital asset market fell to 36.6%, down sharply from 42.7% at the start of the year and the lowest level in four years, according to data from CCData. Binance Spot And Derivatives Trading Hits Four-Year Lows The drop in market share is particularly pronounced in both the spot and derivatives trading arenas. Binance’s 27% share of the spot market represents its lowest level since January 2021, while its derivatives trading share stands at 40.7%, also the lowest in four years. Related Reading: Crypto Analyst Maintains $7.50 XRP Target Despite SEC Appeal Against Ripple Per the report, this decline can be attributed to the legal saga that the exchange has been experiencing globally since last year, but particularly in the US, which has not only had a notable impact on the exchange’s financial metrics, but has also led to changes in its leadership. The company has been under increased scrutiny globally, following a settlement with the US Department of Justice (DOJ) last year over serious charges, including sanctions violations, which resulted in a hefty $4 billion fine. The fallout from these regulatory actions included the resignation of co-founder and former CEO Changpeng Zhao (CZ), who served four months in prison as part of the proceedings. However, the former CEO was released by US authorities last Friday after serving his sentence. In an effort to rebuild trust and navigate the regulatory landscape, Binance appointed Richard Teng, a former regulator, as its new CEO. Teng has been actively engaged with regulators investigating Binance in various jurisdictions, while also appointing a new board of directors and the intentions of establishing a new headquarter. Centralized Crypto Exchanges Face 17% Volume Drop The report further highlights that the broader market for centralized crypto exchanges is also facing challenges, with combined spot and derivatives trading volumes dropping 17% in September. However, this decline is typical for the month, which is often seasonally weak, but it has resulted in the lowest monthly trading activity since June. Notably, Binance has seen the most severe market-share decline among top exchanges, as competitors such as Bybit, Bitget, and Crypto.com have begun to capture a larger share of the market. Related Reading: Crypto Analyst Says Solana-Based BONK Is In Prime Position For Legendary Rally Jacob Joseph, a senior research analyst at CCData, noted that this trend may indicate a growing confidence among crypto participants in alternative platforms that “offer similar user experiences,” including low trading fees, minimal slippage, and high market liquidity. Despite the challenges, Binance recently achieved a significant milestone, becoming the first centralized crypto exchange to surpass $100 trillion in lifetime trading volume, according to CCData. At the time of writing, the exchange’s native token, BNB, currently the fourth largest cryptocurrency on the market, is trading at $545, up just 1% in the last 24 hours amid the broader market decline. Featured image from DALL-E, chart from TradingView.com
Binance, known for its domination in the crypto exchange market since inception, has recently seen a significant slump in its trading activity. The exchange experienced a 20% drop in trading volume during September, compared to the previous month. This decline comes amid rising competition from platforms like Crypto.com, which saw a 40% surge in trading …
While Binance remains a giant in crypto trading, its volumes dropped over 20% in September versus the previous month, while rival Crypto.com's surged over 40%.
The crypto market cap is down by 6%, with more than half a billion crypto bets liquidated amid flaring geopolitical tensions in the Middle East. Tensions In The Middle East Rattle The Crypto Market The total crypto market cap has dropped by 6%, sliding to $2.24 trillion at press time, as geopolitical tensions between Iran […]
The recent performance of TON ecosystem tokens on Binance has experienced a sharp decline. In the last 30 days, cryptos like DOGS is down 38.77%, CATI moved 37.08% and the HMSTR by 46.08%. In line with their All time high, the assets are facing a dip of 30 to 50%. This behavior pictures the volatile …
Starting today, Binance has introduced risk warnings for tokens with significant tokenomics changes. This initiative boosts transparency and helps make better-informed decisions.To gain trading access to tokens marked with significant tokenomics changes, users must first acknowledge the pop-up notification. Binance will apply the risk warning banner and pop-up to the following tokens that have undergone …
Conspiracy theories about market manipulation run rampant in crypto social media, but the accusations of a “Binance manipulator” are pretty easy to debunk.
Soon after being released, former Binance CEO, CZ made his first X post. He shared that there are always more opportunities in the future than there were in the past. He shared that Giggle Academy is progressing well and will become an important part of his life in the coming years. He will continue investing …
According to a Bloomberg report, Changpeng Zhao (CZ), co-founder and former CEO of Binance, was released from a US correctional facility on Friday, September 27th. CZ, who was sentenced to four months in prison in April 2024, was originally supposed to regain his freedom on Sunday, 29th of September. As reported by Bitcoinist, federal guidelines […]
According to a previous Forbes report, Zhao and Binance collectively hold 71% of the roughly 146 million BNB tokens in circulation.
He served four months in federal prison for charges including alleged violations of United States Anti-Money Laundering rules.
Binance founder Changpeng “CZ” Zhao has been released from prison, according to the U.S. Bureau of Prisons (BOP).
Following the indictment of its CEO, Changpeng Zhao, Binance now says compliance is at the top of its agenda.
Binance Coin (BNB), the world’s fourth-biggest cryptocurrency is now poised for a significant upside rally as Changpeng Zhao the former CEO and founder of Binance has been released from jail. Since CZ’s imprisonment, BNB has struggled and experienced a long consolidation. Whales Activity Signals Bullish Shift However, it appears that the sentiment has shifted from …
Binance has extended trading support for Telegram-based P2E Hamster Kombat today, sparking excitement across the broader crypto market. As per the announcement, HMSTR will be added to the Simple Earn, Buy Crypto, Convert, Margin, and Auto-Invest domains of the top crypto trading platform. Users can buy the token via VISA, MasterCard, Google Pay, Apple Pay …
Following an impressive price surge of over 25%, Binance Coin (BNB) now appears bearish and a price decline may be seen in the coming days. The negative outlook for BNB is likely due to the formation of a bearish price action pattern on the daily chart and concerning on-chain metrics. BNB Technical Analysis and Upcoming …
A handful of former prosecutors and compliance professionals staged a protest in front of the United Nations General Assembly Wednesday.
Market sentiments around the token LOKA is soaring as Binance has announced support for the League of Kingdoms Arena (LOKA) P2E crypto project. LOKA’s price increased nearly 20% as the exchange announced futures listing for the token on its platform. Also, the coin’s intraday trading volume skyrocketed nearly 155%. Binance To Launch LOKAUSDT Perpetual Contract …
Binance CEO Richard Teng said the company has continued to explore every legal and political avenue to bring Gambaryan home as his health deteriorates by the day.
Binance CEO Richard Teng said the company has continued to explore every legal and political avenue to bring Gambaryan home as his health deteriorates by the day.
Binance urged the WazirX team to take accountability for the hack, and compensate users for the loss of funds.
Binance will start sending tokens on Sept. 16, while KuCoin will start delivering their token donations on Sept. 18.
The SEC filed its proposed amended complaint against Binance on Thursday with a greater emphasis on the exchange's token listing process.
Binance Holdings Ltd., the leading cryptocurrency exchange by daily traded volume and globally registered users, has announced the listing of three more meme coins. The lucky meme coin projects to be recognized by Binance include Turbo (TURBO), Neiro (NEIRO), and Baby DogeCoin (BabyDoge). According to the announcement, Binance will list the three meme coins with …
The SEC’s latest lawsuit update targets additional tokens like Axie Infinity, Filecoin and Cosmos as unregistered securities, continuing its crackdown on the crypto industry.
Binance Labs, the venture capital arm of the biggest crypto exchange Binance has invested in a new project called Blum. Blum is a decentralized crypto exchange integrated into the Telegram platform. This investment by Binance Lab will help the platform in two ways. First, it will accelerate the development and growth of the platform and …