A social media user claimed that Binance sent a cease-and-desist order over his post alleging the exchange's insolvency.
Changpeng Zhao has debunked four narratives that have been circulating on social media within the crypto community in recent days, ranging from a fabricated Polymarket screenshot to claims about Binance “dumping” Bitcoin. He argues that traders were stitching together on-chain observations and clipped quotes into conclusions that weren’t supported by the underlying facts. Former Binance CEO Debunks “FUD” The first rumor centered on an image framed as a Polymarket market showing odds, circulated by several accounts, as high as “79%” that someone would throw something at Zhao’s face at a crypto event in 2026, supposedly backed by more than $7 million in volume. Zhao said the market was fictional, writing: “That event does NOT exist on Polymarket. There is no $7m volume. If it did, I would be the first one to throw a cake in my own face.” Polymarket’s own “CZ predictions & odds” landing page lists various markets historically tied to Zhao, such as questions about his role at Binance, legal outcomes, and other “mention markets”, but no market matching the viral “throw something” prompt appeared there. Related Reading: Binance Founder CZ Addresses Trump‑Related Controversy In Latest Statement A second claim: “CZ cancelled the supercycle” appears to have grown out of Zhao’s comments in a Jan. 30 AMA recap posted on Binance Square, where he described himself as “a bit less confident” about a Bitcoin supercycle than before, while still pointing to longer-term upside. Zhao rejected the idea that a change in his confidence equated to calling off a market regime shift. “Oh, if I had that power, I wouldn’t be on CT with you a lot. I would be snapping my fingers all day long.” The third rumor alleged Binance sold $1 billion of Bitcoin over the past weekend when the market saw a severe drawdown. Zhao’s rebuttal drew a sharp line between user flow and corporate activity: he said it was “Binance users” selling on the venue, not Binance itself as principal. Related Reading: Binance Forms New Company In Greece, Moves Forward With MiCA Licensing The distinction matters because centralized-exchange trading is largely internal ledger movement; a burst of selling pressure can occur without a corresponding on-chain “Binance sold” footprint. Zhao added that Binance’s wallet balances “only change when users withdrawal,” arguing that observers were treating exchange-labeled addresses like a live P&L feed. The fourth thread questioned Binance’s execution of its plan to convert the roughly $1 billion SAFU fund from stablecoins into Bitcoin over 30 days, after some users said they couldn’t “see” buying or on-chain movement. Binance has said it intends to complete the conversion within 30 days and to top the fund back up to $1 billion if market moves push it below $800 million. Zhao countered: “I am guessing their original plan was to buy it over 30 days and move the funds to the address near the end of the 30 days, or once a week or something. You won’t see them buying using a DEX. Binance is a CEX with the best liquidity in the world.” Moreover, CZ dispelled speculations that the decision could have a significant impact on the Bitcoin price. “Also, you think $1b over 30 days is going to make a difference for BTC’s $1.7 trillion market cap? That’s 1/1700/30 = … anyway, you do the math. It’s a gesture. Will it help with confidence, your call,” he wrote. At press time, BNB traded at $767.23. Featured image created with DALL.E, chart from TradingView.com
The exchange co-founder's post comes amid renewed scrutiny over Binance’s alleged role in October’s crypto flash crash.
The $100 million transfer follows the exchange's Jan. 30 announcement that it would shift the SAFU fund toward bitcoin over a 30-day period.
Months after the Oct. 10 liquidation cascade, market depth has yet to recover, and traders are divided over Binance's role as bitcoin continues to crash.
Bitcoin has once again fallen below a critical support zone, raising questions about whether the market is gearing up for a deeper sell-off. With selling pressure still intact, traders are now watching key levels closely to see if a final flush toward lower support is imminent. Price Faces Another Rejection MakroVision Research shared on X that Bitcoin has once again met strong rejection, resulting in a decisive break below several key support levels. Price has now slipped back into the range of the previous low and continues to trade beneath the critical green resistance zone between $85,200 and $86,200, highlighting that bearish pressure remains in control for now. Related Reading: Bitcoin Supply In Loss Begins To Rise, Raising Early Bear Market Concerns On the very short-term timeframe, there are early signs of an attempted rebound, but without a timely and sustainable reclaim of the $85,200–$86,200 zone, this move is best viewed as a technical counter-bounce rather than the start of a meaningful trend reversal. As long as the price remains capped below this area, the broader short-term downtrend remains intact. From a tactical perspective, the $85,200–$86,200 region has become the key battlefield. A clean reclaim and hold above this zone would be the first clear indication that selling pressure is beginning to fade, potentially allowing for price stabilization and a relief rally. If this reclaim attempt fails, the risk of continued downside acceleration increases. In that case, focus would turn to the $72,300–$75,300 range, a technically prominent support zone with historical significance. This zone may ultimately serve as a potential support and reversal region should the market experience another phase of capitulation. CME Gap Opens: What To Expect From Bitcoin This Weekend Crypto analyst MartyParty, in a recent Bitcoin Wyckoff Accumulation update, highlighted that a CME gap is opening, which is expected to be filled by Sunday evening. This sets the stage for potential short-term volatility, with traders closely watching key technical levels and liquidation activity. Related Reading: Bitcoin Price Backs Off Resistance — Breakdown Or Brief Pause? Several scenarios are possible over the coming days. One possibility is the continued liquidation of remaining leveraged longs, with the lowest 25x Binance liquidation currently around $79,350, potentially completing the classic Wyckoff Spring pattern. Another scenario is a retest of secondary support at $81,800, which could act as a temporary floor for Bitcoin’s price action. If support at $81,800 holds, Bitcoin may trade sideways or attempt to push toward the primary support level, which has now turned into resistance at $84,800. The most probable scenario suggests a move up through $84,500 toward $86,463, followed by a retest of $84,500 on Sunday night as the CME gap is filled, completing the near-term Wyckoff accumulation setup. Featured image from Pixabay, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Binance acquired Gopax in 2023 amid its liquidity crisis, opening a pathway for a re-entry into the South Korean market.
Binance announced that it will turn its $1 billion SAFU fund into bitcoin over the next 30 days to support the industry through uncertainty.
Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits.
The Hyperliquid price is seeing renewed bullish momentum, recording double gains over the last week and bucking the broader crypto market downtrend. This comes thanks to bullish fundamentals in the token’s ecosystem, including a rise in open interest on the decentralized exchange (DEX). Why The Hyperliquid Price Is Rising The Hyperliquid price is up over 58% in the last seven days, outpacing the broader crypto market as Bitcoin trades just below the psychological $90,000 level. This price surge has come on the back of a rise in Hyperliquid’s HIP-3 open interest. The DEX announced in an X post that open interest reached an all-time high of $790 million, driven recently by a surge in commodities trading. Related Reading: XRP, HBAR, And Litecoin: Pundit Highlights Coins To Watch In 2026 The exchange added that HIP-3’s open interest has been hitting new all-time highs each week, after being just $260 million a month ago. HIP-3 enables anyone to launch a custom perpetual market for crypto, commodities such as gold and silver, and other assets such as stocks. Thanks to this upgrade, the DEX is seeing increased trading activity, which has led to a surge in the Hyperliquid price. Notably, the Hyperliquid price has benefited from the precious metals boom, with the silver perpetuals market on the DEX seeing massive trading activity. CoinGecko data shows that the Silver perpetuals market is the third-largest traded in the last 24 hours, behind Bitcoin and Ethereum, with a trading volume of just over $1 billion. In an X post, Hyperliquid’s co-founder Jeff Yan noted that the DEX has achieved an important milestone of becoming the most liquid venue for crypto price discovery in the world. This came as he highlighted the order books for BTC perps on Binance and his DEX. He added that Hyperliquid has also grown to become the most liquid venue for perps on traditional-finance (TradFi) assets. Little Selling Pressure And Huge Buying Pressure For HYPE In an X post, Hyperliquid stakeholder Henrik noted that the Hyperliquid price is also rising as major selling pressure is gone. On the other hand, HYPE is seeing significant demand, including from digital asset treasuring companies such as Hyperliquid Strategies. He further highlighted the imminent Kraken HYPE listing, which is also bullish for the token. Meanwhile, Henrik stated that Hyperliquid dominates all trading metrics, including volume and open interest. Related Reading: Here’s Why The Bitcoin, Ethereum, And Solana Prices Are Still Crashing Hard The increase in the DEX’s trading activity is also significant and bullish for the Hyperliquid price, as the majority of fees earned on the protocol are directed to the Assistance Fund, which is used to buy back HYPE tokens on the open market. DeFiLlama data shows that the DEX is currently among the top five protocols by fees generated over the last 24 hours. At the time of writing, the Hyperliquid price is at around $34, up over 27% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com
For most of the week, the Ethereum price has remained in a range-bound spell, putting in no significant movement outside of the $3,000 and $2,880 price boundaries. Amid rising speculations, an on-chain analysis has recently been put out, which provides an answer to the question. Related Reading: Bitcoin Metric Suggests Miners Are In Recovery Mode — Price To Follow? Open Interest Across Exchanges Falls To $17 Billion In their latest QuickTake post on CryptoQuant, analytics platform Arab Chain reveals that there has been a fall in active Ethereum derivatives contracts across major exchanges, as indicated by data from the Ethereum: Open Interest-All Exchanges, All Symbol metric. Typically, rising Open Interest (OI) across exchanges indicates that more traders are entering leveraged positions. On the other hand, falling OI reflects more exits of leveraged positions, and by extension, reduced aversion to risk. In the Quicktake post, Arab Chain highlights that open interest across exchanges has dipped to about $16.9 billion, marking the lowest level reached since mid-December last year. This, in turn, reflects an overall reduction in risk appetite across the Ethereum derivatives market. Because there is less speculative activity, there are also reduced risks of liquidations. Hence, the Ethereum price stands a higher chance of consolidating. Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? What’s Happening On Binance? While exchanges in general are recording significant pull-outs from the derivatives market, Binance has shown an outlier performance. Arab Chain highlights that the world’s largest exchange by trading volume has instead recorded about $7.5 billion in Open Interest. Interestingly, this reading slightly exceeds the December average range of $6.8–$7.4 billion. The divergence between the Open Interest values across all exchanges and that of Binance suggests that, while market participants are reducing their risk exposure, there is still liquidity in the derivatives market. Rather than a blatant exit, it has been repositioned toward the deeper and more liquid venue. Arab Chain also explains that this behavior indicates a change in market operations from a higher-risk trading environment to one more price and risk efficient. In conclusion, the large traders are yet to make their exits but are merely reducing their exposure, while holding high-quality positions on Binance. In addition, Ethereum’s proximity to the $3,000 price — especially as OI declines — shows that the market has been absorbing the deleveraging events while showing little selling pressure. Ultimately, Binance’s OI retaining levels above December’s support the idea that the market still has strong derivatives backing. Hence, the broader picture remains bullish. As of this writing, Ethereum trades at $2,958, reflecting a 0.33% growth since the past day, according to CoinMarketCap data. Featured image from Pexels, chart from Tradingview.com
Binance founder and former CEO Changpeng Zhao (CZ) has pushed back against growing scrutiny surrounding his relationship with President Donald Trump, saying his ties to the president and his family have been widely misunderstood following Trump’s decision to grant him a pardon last year. CZ Rejects Allegations Of Binance’s Political Links Attention on Zhao intensified after President Trump issued a pardon in October 2025, a move that prompted renewed criticism from Democratic lawmakers and fueled questions about Binance’s alleged political and business connections. Addressing the controversy in a recent interview with CNBC, Zhao said claims of a business relationship with the Trump family are inaccurate. “There’s no business relationship whatsoever,” Zhao stated. The former executive added that the narrative surrounding the pardon and Binance’s alleged ties to Trump had been “misconstrued.” Related Reading: Binance Forms New Company In Greece, Moves Forward With MiCA Licensing Much of the scrutiny centers on Binance’s connection to the Trump-linked decentralized finance (DeFi) venture World Liberty Financial (WLFI). That connection traces back to a $2 billion investment made in March 2025 by MGX, a state‑owned firm based in Abu Dhabi, United Arab Emirates. MGX invested in Binance using USD1, a stablecoin created by World Liberty Financial. Zhao emphasized that the payment method was chosen by the investor, not Binance. “MGX is the investor. They choose USD1,” he said. “My request to them was they pay us in crypto. I don’t want to deal with banks, really.” According to Zhao, the use of the venture’s USD1 stablecoin has been wrongly interpreted as evidence of a deeper relationship. “Many people misconstrued that,” he added. WLFI Push Back On Political Influence Claims In a statement, WLFI spokesperson David Wachsman said the company played no role in the pardon process. “As we have stated many times, WLFI is not a political organization and had zero role in the pardon process,” Wachsman said. “To imply otherwise is dangerous and false.” Trump himself downplayed any personal connection in a November interview with CBS’s 60 Minutes. “I have no idea who he is,” the president said of Zhao. Trump added that he had been told Zhao was “a victim, just like I was and just like many other people, of a vicious, horrible group of people in the Biden administration.” Additional attention has focused on Binance’s lobbying efforts in Washington. NBC News reported during the week of the pardon that Binance had hired Checkmate Government Relations, a lobbying firm led by Charles McDowell, who is a friend of Donald Trump Jr. Related Reading: Expert Analyzes XRP, Ethereum, And Solana: Predictions For The Next Altcoin Season According to disclosures, the firm was paid $450,000 to lobby the White House and the Treasury Department on matters including “executive relief” and digital asset‑related financial services policy. Zhao denied that any lobbying effort was connected to his pardon. “There is a lot of media saying that there is some deal in place to get me the pardon,” he told CNBC in Davos. “As far as I know, that does not exist at all.” Binance’s former CEO also said he has never spoken directly with President Trump. “The closest that I got to him was today when he was doing the Board of Peace session,” Zhao said. “I was in the audience, about 30 to 40 feet away from him.” At the time of writing, Binance Coin (BNB) was trading at $893, having recorded a 4% drop over the previous week. However, it is one of the few cryptocurrencies to have retained gains year-to-date, with an increase of 30% in that time. Featured image from OpenArt, chart from TradingView.com
Ethereum is currently trading under pressure after failing to push above the $3,000 level again over the past 24 hours, a move that is reflecting trader sentiment across the derivatives markets. ETH is currently trading at $2,925, down 2.7% on the day, after moving within a 24-hour range capped at $3,012.99 and finding lows around $2,909.60, according to price data from CoinGecko. As price action weakens, a notable change has been developing, with on-chain data showing funding rates drifting toward negative territory and derivative positioning beginning to tilt more defensively. Funding Rates Slide As Shorts Gain Ground Ethereum’s failure to hold above $3,000 is an important psychological break for traders, especially after several failed attempts to hold above that level in January. Price action over the past week shows sellers maintaining control after ETH rejected around $3,360 on January 18, followed by a steady push lower toward the high-$2,900s. Related Reading: The Ethereum MACD Crossover That Could Lead To A Massive Bull Wave Although the pullback has so far been orderly above $2,900, this decline has come alongside fading momentum across the derivatives market. One of the clearest signals for this can be seen in Ethereum’s OI-weighted funding rate, which has been steadily compressing and is now edging toward negative levels. At the time of writing, Ethereum’s OI-weighted is at 0.0008%, close to breaking into negative territory and far below readings around 0.009%, which it registered earlier in the month. Funding rates turning negative typically indicate that short positions are paying longs, meaning stronger demand for downside exposure. Funding spikes that previously accompanied the price rebound in early January have faded, and the overall trend suggests bearish positioning is slowly gaining the upper hand. Open Interest, Liquidations, And What’s Next Although Ethereum’s price action fell below $3,000, derivatives traders have stayed in the market, keeping total open interest at high levels. Data from CoinGlass shows aggregate Ethereum open interest increasing by 0.68% in the past 24 hours, which shows that many traders are not exiting Ethereum entirely. At the time of writing, the total open interest is sitting at about 13.36 million ETH, equivalent to roughly $39.19 billion. Related Reading: Ethereum’s 4-Hour Chart Says A Big Dump Is Coming, Here’s The Target Looking across major exchanges, Binance has the largest share of ETH open interest, accounting for about $8.95 billion, but it is down by 0.8% in the past 24 hours. CME follows with approximately $5.73 billion in open interest, up by 3.72% in the past 24 hours. Gate comes next at around $4.01 billion, while MEXC comes in close at $3.51 billion worth of ETH open interest. Over the past 24 hours, Ethereum liquidations totaled $64.34 million, with long positions ($52.52 million) accounting for the majority of losses. A hold above $2,900 could allow Ethereum’s funding rates to normalize and open the door for another rebound attempt to $3,000. However, a continued fall in funding rates into negative territory could see bearish control pushing Ethereum below $2,900. Featured image from Pexels, chart from Tradingview.com
The exchange shut down its earlier effort under regulatory pressure, but it's now back to exploring offering tokenized equities on its platform.
In an interview with CNBC, Binance’s CZ spoke of bitcoin’s four year cycles and the potential for a BTC all-time high this year due to a greater acceptance of crypto worldwide.
The exchange confirmed it has applied for regulatory approval under the MiCA regime, part of a broader effort to regain footing in major markets.
Binance has filed for a MiCA license in Greece to secure EU-wide regulatory approval and expand its European base.
Cryptocurrency exchange Binance has taken a significant step toward strengthening its regulatory standing in Europe by establishing a formal presence in Greece and applying for a Markets in Crypto-Assets (MiCA) license ahead of the July 1 deadline. Binance’s Greek Subsidiary Corporate filings show that Binance has set up a new wholly owned subsidiary in Greece under the name “Binary Greece.” The entity has been incorporated as a single-shareholder public limited company with an initial share capital of €25,000. Related Reading: ‘I’m Very Bullish’: Ripple CEO Forecasts Record Performance For Crypto In 2026 Binary Greece has been structured as a holding company. According to its articles of association, its primary activities include acquiring and managing equity stakes in companies both within Greece and internationally. It is also authorized to provide advisory services related to capital structuring, investment strategy, and liquidity management. Leadership of the new entity has been assigned to Gillian Majella Lynch, a senior executive with experience in banking, fintech, and digital assets. Lynch joined Binance in mid-2025 as Head of Europe and the United Kingdom. Greece’s Regulatory Stability Key In License Bid A Binance spokesperson confirmed to Fortune that the besides formally applying for a MiCA license in Athens, the cryptocurrency exchange is currently engaged in discussions with Greece’s Hellenic Capital Market Commission (HCMC). The spokesperson emphasized that Binance sees the MiCA framework as a positive development, offering regulatory clarity and a consistent set of rules that support innovation while ensuring compliance across the European Union. Related Reading: Crypto Boom Ahead? Pantera Capital Pinpoints Major Catalysts For 2026 Success Commenting on the choice of Greece, the exchange’s spokesperson noted that the country plays an important role in the European economy, highlighting that Greece’s economy is growing faster than the EU average and operates within a regulatory environment that Binance considers essential. Featured image from DALL-E, chart from TradingView.com
Tokenization could allow governments to raise funds by selling fractional ownership of state-owned assets like infrastructure, real estate or commodities.
Binance, the largest crypto exchange by trading volume, has listed Ripple's RLUSD stablecoin on its platform. On Jan. 21, the exchange announced that it would open spot trading pairs, including RLUSD/USDT, RLUSD/U, and XRP/RLUSD, on Jan. 22 by 8 AM UTC. Critically, Binance will initiate trading on the RLUSD/USDT and RLUSD/U pairs with zero fees […]
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Bitcoin price surrendered the psychological $90,000 stronghold during early Asian trading hours on Jan. 21, marking a decisive breakdown that has effectively erased the asset's gains for the start of 2026. According to CryptoSlate's data, the world’s largest digital asset plummeted to a session low of $87,282 over the last 24 hours. This downturn was […]
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After a tumultuous conclusion to 2025, characterized by heightened volatility and the impactful October 10 crypto crash, Hyperliquid (HYPE), one of the market’s largest decentralized exchanges (DEXs), faced significant challenges as it entered 2026. With less than two weeks remaining in January, market research firm GLC released an interesting report assessing Hyperliquid’s current standing and evaluating its recovery metrics. Post-October 10 Downturn The report highlights that Hyperliquid’s trading volume and open interest suffered a considerable decline following the liquidation event on October 10, marking the onset of a downtrend for the platform. Since that date, trading volume has decreased by 44.3%, dropping from $10.17 billion to $5.66 billion. Open interest has also experienced a decline of 35.7%, falling from $14.75 billion to $9.48 billion. However, there are signs of recovery. Notably, since December 1, 2025, trading volume on the platform has seen a slight decrease of 3.2%, while open interest has surged by 45.6%. Related Reading: Is A New XRP Price Record Imminent? Analyst Forecast Colossal Short Squeeze Ahead Year-to-date metrics reveal a more optimistic picture: trading volume has increased by 59.2%, rising from $3.56 billion to $5.66 billion, and open interest has grown by 24.7%, going from $7.60 billion to $9.48 billion. While open interest has started to recover since the October event, trading volume has not rebounded at the same rate. This disparity has caused the volume-to-open interest (OI) ratio to decline from 0.90 on December 1 to 0.60 as of mid-January, likely due to decreased market volatility, which has dampened trading activity. Despite these challenges, there is a positive trend indicating that traders are beginning to open larger positions on Hyperliquid, and the recovery in volume on a year-to-date basis is promising. The report suggests that open interest is a more reliable indicator of trader confidence and long-term positioning, while trading volume tends to be influenced by broader market conditions. Although current metrics remain below pre-October 10 levels, the trend indicates that recovery is underway. Will 2026 Mark A Surprising Resurgence For Hyperliquid? The recent volume and open interest data are said to be bullish, with the 7-day average volume increasing by over 130% year-to-date, primarily driven by one active deployer, XYZ, which accounts for roughly 80% of that volume. The 7-day average open interest has also risen by more than 60%. Moreover, Hyperliquid is regaining market share from centralized exchanges (CEXs) as seen in the chart below, with its open interest currently representing about 14.6% of Binance’s, gaining momentum against platforms like Bybit and OKX. Related Reading: Ethereum Poised For $4,000 Breakout? Expert Pinpoints On-Chain Triggers For Potential Rally Another key factor that could further contribute to the platform’s recovery this year is the rollout of portfolio margin. Currently live on testnet, this feature will enable traders to borrow and lend against their collateral, unlocking numerous new use cases. Historical evidence from other exchanges, such as Bybit, suggests that introducing portfolio margin can be a significant growth catalyst, potentially translating to a substantial increase in trading volume for Hyperliquid. Overall, core metrics are gradually improving, and several catalysts lie ahead, such as the growing adoption of equity perpetuals and the introduction of portfolio margin. GLC’s report asserts: …If improving market conditions are combined with the catalysts outlined above, and potentially another S3 season bringing in new traders, Hyperliquid will surprise the market once again. At the time of writing, the platform’s HYPE token is trading at around $21.84. This represents a significant 9% retracement within the last 24 hours alone, placing the altcoin 63% below its all-time high of $59.30. Featured image from OpenArt, chart from TradingView.com
Binance Wallet's new feature allows users to trade leveraged futures directly from their crypto wallets through an integration with decentralized exchange Aster.
According to reports, global crypto exchange trading volume jumped to over $79 trillion in 2025, driven largely by futures and perpetual contracts. That surge pushed derivatives to claim most of the market’s activity, while spot trading grew at a much slower pace. Related Reading: XRP Ledger May Get A Tokenized Gold Upgrade, Web3 Founder Reveals Spot Volume Climbs While Futures Explode Spot trading finished the year near $18.6 trillion, an increase of roughly 9% versus the prior year. But futures and perpetuals were the real story: they totaled close to $62 trillion, making up about 77% of combined exchange volume. That heavy tilt toward derivatives shifted where liquidity and daily turnover were concentrated. Exchanges At The Center Of Activity Binance stood out as the top contributor to both segments. Reports show Binance handled roughly $25.4 trillion in Bitcoin perpetual futures alone — about 42% of the top 10 platforms’ Bitcoin perpetual volume — and continued to hold large stablecoin balances relative to peers. Other major venues such as OKX, Bybit and Bitget formed a secondary tier for futures trading. 2025 crypto exchange activity in review. Spot volume reached $18.6T (+9% YoY) while perpetuals surged to $61.7T (+29%), with Binance dominating spot, BTC perps, liquidity, and reserves. Growth is derivative-led, and market power continues to concentrate at the top. pic.twitter.com/Om8udJJ9Qv — CryptoQuant.com (@cryptoquant_com) January 12, 2026 Derivatives Data Variations Not all trackers measure markets the same way. Some platforms reported even higher figures for derivatives in 2025 — CoinGlass, for example, tallied about $85.7 trillion in crypto derivatives volume for the year. Differences in counting methods, which products are included, and which venues are covered explain much of the gap between sources. Why Futures Dominated Trading Traders used futures to take positions, hedge exposures, and respond quickly to price moves. That activity raised daily turnover and boosted the headline totals. While spot trading reflects direct buying and selling of coins, futures multiply notional flow because a single contract can represent a much larger notional value than a spot trade. The concentration of trading on a handful of platforms has drawn attention from watchdogs in recent years. Regulators have warned that heavy reliance on a small set of exchanges could pose risks if those venues suffer outages or enforcement actions. The data for 2025 renewed those concerns because a large share of the new volume was funneled through the biggest operators. Related Reading: Dogecoin Bulls Watch $0.28 As Breakout Signals Stack Up What This Means Going Forward Based on reports, the derivatives market’s dominance could continue unless spot demand picks up substantially or regulation alters trading incentives. Institutional interest, products tied to regulated markets, and changes to stablecoin rules are all possible factors that could reshape volumes next year. Analysts caution that headline totals will keep varying with methodology and which datasets are used. Featured image from Unsplash, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Genius Trading is building a privacy-focused DeFi trading platform and aims to become an onchain alternative to Binance.
Binance Coin climbed again over the weekend, pushing past the $900 mark and touching about $907 on Sunday after a sharp 24-hour uptick. Markets were calmer overall, with the broader crypto complex up 0.55% for the day while Bitcoin hovered above $92,000 and Ethereum traded beyond $3,100. Related Reading: Bitcoin’s Next Peak Might Ignite ADA’s Rally, Says Cardano Creator Market Reaction To Regulatory Shift According to social posts from Changpeng Zhao, founder and former CEO of Binance who is also known as ‘CZ’, optimism around a possible new crypto cycle helped fuel demand. CZ linked the mood to a regulatory change, saying the Securities and Exchange Commission had removed crypto from its list of priority risks for 2026. Based on reports, that move is being read by some investors as a sign of easing scrutiny, and it appears to have lifted sentiment across tokens. I could be wrong, but Super Cycle incoming. https://t.co/6TLldEMmGA — CZ ???? BNB (@cz_binance) January 10, 2026 Institutional Buying Adds Fuel Reports note sizable institutional flows into Bitcoin products. According to a filing, Wells Fargo bought 383 million of Bitcoin ETF shares, a figure that market watchers flagged as a large institutional stake. Morgan Stanley also filed for its own spot Bitcoin ETF last week, which many see as more proof that big financial players are stepping in. Those actions are being cited by traders as one reason risk assets like Binance Coin could see more interest. Macroeconomic Calendar Could Swing Prices A packed US data week is ahead and traders say it could affect crypto angles. On Monday, the market will watch a speech by the FOMC president. On Tuesday and Wednesday, the US Consumer Price Index and the Producer Price Index are due. Jobless claims come on Thursday, and a Fed balance sheet update lands on Friday. Any big surprise in those numbers can push liquidity flows and quickly change appetite for tokens. Binance Coin: Technical Levels To Watch BNB briefly reclaimed the $900 zone and was reported at $909 in some feeds as the four-hour chart showed a steady climb. Short-term resistance sits near $950, with a psychological barrier at $1,000. Related Reading: XRP Ledger May Get A Tokenized Gold Upgrade, Web3 Founder Reveals Technical indicators offered cautious support for bulls: the MACD showed a bullish crossover with the blue line above the signal line, and the histogram printed positive bars, which suggests buying pressure building. The RSI sat around 56.10, under overbought levels, implying room for more gains. Traders still point to a key support range near $850. A break below that could invite heavier selling and take prices down toward $820. The scenario of a quick pullback is real; prices that move fast up can move fast down. Market participants will be watching both the macro calendar and any fresh regulatory updates for clues. Featured image from Unsplash, chart from TradingView
Binance has rolled out its first regulated TradFi perpetual futures, starting with USDT-settled gold and silver contracts.
Several catalysts have emerged that point to a sustained upward momentum for the Dogecoin price. This comes amid DOGE’s 26% gain to begin the year, with the meme coin now looking to break above the $0.15 resistance. Factors That Could Contribute To A Sustained Dogecoin Price Rally One factor pointing to a sustained Dogecoin price rally is the recent inflows into DOGE ETFs. SoSoValue data show that Bitwise and Grayscale’s funds have recorded net inflows on two of the three trading days this year. Notably, the Dogecoin ETFs recorded inflows of $2.30 million and $1.60 million on January 2 and 5, respectively. This marked the first consecutive daily net inflows since December 3 last year. Related Reading: Analyst Says the Worst Is Over For Dogecoin, Predicts Rally To $0.8 The daily net inflows into the DOGE ETFs indicate a renewed interest among institutional investors in the meme coin, which is a positive for the Dogecoin price. DOGE could see a sustained rally if the inflows into these funds continue. Notably, Bloomberg analyst Eric Balchunas noted that a 2x Dogecoin ETF has had the best start to the year among all ETFs, up almost 40%. Furthermore, activity in the derivatives market also supports a sustained rally for the Dogecoin price. CoinGlass data shows that traders on top exchanges such as Binance and OKX are currently long. The long/short ratio on Binance is 2.06, well above 1. The long/short ratio for top traders on Binance is at 2.5, which is also a huge positive. Further data from CoinGlass also shows that the derivatives trading volume has surged over 2% to $5.60 billion. However, open interest has dropped by almost 7% to $1.78 billion, likely due to the market volatility as long positions were wiped out. DOGE Eyes Break Above $0.15 Crypto analyst ZiP stated in an X post that on the daily chart, the Dogecoin price is currently reacting to a local resistance at around $0.15. He further remarked that if the $0.15 resistance breaks, the next zone that the DOGE price may aim for is around $0.24. The analyst noted that this is where the first significant Fibonacci level, measured from the entire bearish move, is located. Meanwhile, ZiP mentioned that an additional reference point is the daily pivot at $0.1288, which he noted in the short term defines the market’s equilibrium level. Crypto analyst Trader Tarigrade revealed that the Dogecoin price has broken out of a falling wedge, showing strong upward momentum. Based on this, he predicted that DOGE is ready for a major surge, although he warned that the meme coin might retrace briefly. Related Reading: Dogecoin Price Could Rally To All-Time Highs If It Breaks This Resistance Level At the time of writing, the Dogecoin price is trading at around $0.148, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com