During Binance Blockchain Week Dubai 2024, co-founder He Yi addressed Binance’s biggest challenges, highlighting the impact of CZ’s resignation and ongoing regulatory pressures. In a fireside chat with CoinMarketCap’s Alice Liu, Yi shared Binance’s goal to become the “Google” of Web3, building a user-friendly internet for the future. She emphasized Binance’s culture, centered on Responsibility, …
TRON DAO has joined the Chainlink SCALE program, designating Chainlink Data Feeds as the official oracle provider for TRON’s blockchain ecosystem. This shift will replace WINkLink with Chainlink to ensure high-quality, secure data for TRON’s DeFi applications, including JustLend and JustStable, which manage over $6.5 billion in total value locked (TVL). By covering operational costs …
XRP Ledger (XRPL) has successfully implemented the Decentralized Identifier (DID) amendment on its mainnet, marking a major step in Web3 identity solutions. This update, backed by 30 of 35 validators, aims to enhance secure, self-sovereign identity on XRPL by allowing users to create DID documents linked to unique, on-chain identifiers. RippleX developer Mayukha Vadari explains …
Microsoft will hold a shareholders meeting next month with Bitcoin on its agenda. The software giant will have its annual shareholders meeting on December 9 and those who are invested in the company will vote on several items, according to a filing by the SEC. One of the proposals up for a vote is the …
The United States ADP employment numbers came in much stronger than expected in October. The US release revealed an increase of 233,000 in October vs the 111K forecasted, marking the largest increase since July 2023. The core PCE price index in Q3 was 2.2%, which was expected to be 2.1% and the previous value was …
In an official statement, Binance has announced the release of Binance Wealth, the first crypto exchange technological solution for wealth managers. Binance Wealth allows wealth managers to oversee the onboarding of their clients and make investment recommendations. It has already initiated the onboarding of clients and welcomes all Web2 fund managers to explore crypto opportunities. …
Alameda Research, a subsidiary of the bankrupt FTX, is pursuing legal action against KuCoin to recover over $50 million in locked assets. In an October 28 filing with the U.S. Bankruptcy Court for the District of Delaware, it was noted that these funds have been frozen since FTX’s collapse in November 2022. The filing claims …
MicroStrategy is an American Business Intelligence and a Bitcoin development company. Recently, it has achieved $8.4 billion in unrealized profits from its investment in Bitcoin ($BTC). MicroStrategy is currently one of the top companies to hold this digital asset. Notably, they hold around 252,220 Bitcoins at an average purchase price of $39,292. Moreover, they hold …
As the Bitcoin price momentarily spikes above the $73,000 mark, the short-term holder spent output profit ratio, SOPR, currently stands at 1.017. The indicator reflecting a lower value highlights the short-term holders taking moderate profits. SOPR calculates the Bitcoin held over the last 1 hour and 155 days. Historically, a SOPR value of around 1.03 …
To improve the liquidity in the bull market, Tether has once again minted a massive amount of USDT over the TRON network. The mint within the past 12 hours aligns with Tether’s strategy to maintain substantial supply across all the major exchanges and blockchains. With the recent 1 billion USDT mint, the total circulating supply …
In a recent sell-off event during the bull market, Alameda Research deposited 143.77k WLD tokens. The tokens are valued at nearly $300,000 and have been deposited over Binance within the past 12 hours. Since August 9, the firm has been on a selling spree of WLD tokens, totaling up to 2 million WLD tokens. These …
Amid increased volatility, the crypto market has soared 0.89% in the past 24 hours and is currently valued at $2.35 Trillion. Following this, Shiba Inu’s price jumped 8.78% in valuation with a 24-hour trading volume of $622.804 million. Whereas, Avalanche’s price has gained only 1.72% with a trading volume of $265.171 million during this period. …
The Bhutan government recently transferred 929 BTC, worth more than $66 million, to the crypto exchange Binance as Bitcoin’s price surpassed $71,000. This move aligns with a strong market trend, as Bitcoin continues its rally amid positive sentiment and the upcoming U.S. elections. According to blockchain data from Arkham Intelligence, Bhutan still holds a sizable …
Digital asset trading on Crypto.com has exploded this year, driving the exchange’s volumes in North America ahead of Coinbase. Crypto.com’s monthly spot trading volume soared to $134 billion in September from $34 billion in July. So far this month, the exchange saw $112 billion trading volume out of the overall $173 billion traded on exchanges …
During the early Asian hours, OKX, a leading crypto exchange, and a global on-chain data house has appointed Standard Chartered, a leading international cross-border bank, as a third-party crypto custodian for its global institutional business. This agreement with the SC is a massive milestone for the OKX exchange’s services. Notably, this includes advanced trading capabilities …
During the ongoing Future Investment Initiative in Saudi Arabia, Larry Fink, CEO of BlackRock Inc. expressed his expectations concerning the Federal Reserve’s monetary policy by stating “We are going to have at least another 25 basis-point interest rate cut this year”. This highlights the ongoing restructuring in response to the present economic conditions. Despite additional …
With a meteoric start, MicroStrategy ETF ($MSTU) has experienced a 225% surge since its inception. As per top strategists, this is an annual equivalent of a 57K% growth rate. Following this, MicroStrategy has been highly volatile with its stock price hitting a new ATH on Monday by surpassing the $250 mark. Further, it has recorded …
Bithumb, South Korea’s second-largest cryptocurrency exchange has recently announced its listing of 2 new Korean Won trading pairs. Reportedly, these 2 pairs are CARV and OMNI. Notably, Carv is the largest modular gaming and Artificial Intelligence (AI) chain data infrastructure and has partnerships with major blockchains. On the other hand, Omni Network is a Layer-1 …
Shiba Inu has announced the launch of a non-fungible token (NFT) bridge for its Layer-2 blockchain, Shibarium, paving the way for the smooth transfer of Ethereum. On Monday, Shiba Inu’s official X account posted about the activation of the NFT Bridge on Shibarium. The new feature allows users to deposit and withdraw Ethereum-based NFTs by …
Bitcoin has risen to $71,013.42, gaining 4.94%, driven by a sharp increase in trading activity, which has pushed daily volume up by 148.71%. Bitcoin has also set a new all-time high in Argentina at over 70 million pesos. It jumped past $71,000 for the first time since June on Tuesday, boosted by inflows into dedicated …
Eigen Labs had notified its community about a phishing attack and the subsequent loss of over 1.67 million $EIGEN tokens. According to the SlowMist report, the hack began with a phishing attack that targeted an investor’s employee email. The attacker took advantage of this access, sending emails from fake addresses imitating the real accounts, and …
As the bull market begins, the growing fear of missing out appears in the memecoin sector. Recently, a meme coin creator launched a token, LUCE, by spending a mere 2 SOL to buy 67.06 million tokens. The creator sold all his holdings for a mere 0.73 SOL worth $130. The same tokens are now worth …
In preparation for a bullish November, the Bitcoin price has surged by over 3% to surpass the $71,000 mark. Currently, it is trading at $71,014, accounting for a jump of 4.53% in the past two days. Amid the bullish market, the confidence of the whales is improving significantly. A whale address, which has steadily been …
This smart trader is betting on a declining token in a bull market. The smart trader Bobby1337.eth is betting big on Eigen Layer. The token dropped 15% last Friday and maintains a sideways trend below the $3 mark. Currently, it is trading at $2.901 with an intraday gain of 1.26%. The smart trader has bought …
Bhutan has emerged as an unexpected yet powerful player in the world of cryptocurrencies. The Kingdom of Bhutan now holds 13,380 Bitcoin valued at $909 million, about 30% of Bhutan’s GDP. Bhutan chose a more proactive approach by investing directly in Bitcoin mining, which aligns with its broader strategy to diversify its revenue streams. Bhutan …
In an interesting turn of events, Robinhood has ventured into political prediction markets, offering its users the opportunity to trade on the outcome of the upcoming 2024 US presidential election. These event contracts will allow users to leverage their political insights and trade based on anticipated election results. The trading happens through the Robinhood Derivatives …
VanEck forecasts BTC to reach $3 million in value by 2050. They have a model that assumes that by 2050, Bitcoin will become a reserve asset that is used in global trade and held by global central banks at a very modest 2% rate. While that may sound extreme, it is a 16% compound annual …
In a new filing with the SEC, Emory University has disclosed $16 million in Bitcoin ETF holdings. Specifically, it was noted that $15 million is in Grayscale’s offering, while they hold more than 4,300 shares of Coinbase. According to its most recent annual report, Emory’s total assets have reached $21 billion in 2023. Moreover, Bloomberg’s …
Solana leads the decentralized exchange market, driving the SOL price to $175. The Solana weekly volume dominance across all chains peaking at 35%, an all-time high. Further, the $15.78B weekly volume races ahead of Ethereum’s $8.87B by 77.91%. This marks the biggest lead in history. Solana-based Jupiter Exchange hits a record-high TVL of $1.55B, with …
Amid the highly anticipated altcoin season, a new whale wallet has been actively accumulating AirSwap as it records ~20% weekly gains. Currently, the new whale holds an impressive 1.22% of the total AST token supply. Over the last three weeks, the wallet withdrew 6.09 million AST at a market value of $539k from Coinbase. Despite …