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.
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 […]
The post CZ says Trump not seeking to invest in Binance US, denying another WSJ story appeared first on CryptoSlate.
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.