When the U.S. Federal Reserve cut interest rates on October 29, the price of Bitcoin (BTC) dropped sharply, prompting traders to send more than 10,000 BTC to Binance and raising questions about whether it was a “sell the news” event or the start of a new crypto winter. But a CryptoQuant analyst has now released […]
Bitcoin’s available supply on the world’s largest crypto exchange is shrinking quickly. This deepening scarcity, one of the most pronounced readings in months, comes as data suggests large-scale investors are accumulating the asset, setting the stage for a potential supply squeeze. Conflicting Signals from Large Holders Data from October shared by Arab Chain shows that […]
Traders on Binance, the world’s largest cryptocurrency exchange, are becoming increasingly pessimistic, with data from the platform showing that sell orders and user deposits have been steadily rising. According to CryptoQuant analyst COINDREAM, it means that short-term confidence has fallen following last week’s historic market crash. Market Metrics Signal Waning Confidence COINDREAM’s analysis revealed that […]
Binance has announced that it has compensated affected users with approximately $283 million following the recent October 10 market meltdown. The company also shared that the situation had been caused by a brief technical glitch on the same day that resulted in temporary disruptions and de-pegging in some cryptocurrencies. What Really Happened During the Crash […]
Changpeng “CZ” Zhao’s global lobbying campaign appears to be paying off and has helped Binance reclaim ground as the dominant player in crypto markets. Over the past six months, the exchange has mounted a quiet but deliberate effort to restore its global standing, coupled with political outreach and strategic partnerships that have reshaped investor confidence. […]
BNB has skyrocketed 6.5% on the day to hit an all-time high of $1,112 during the Friday morning Asian trading session. The Binance-associated token has made almost 30% over the past month and is the top-performing crypto asset in the top 50 at the time of writing. The massive move has pushed BNB market capitalization to $152 […]
TL;DR FLOCK and SKY posted strong gains in the past 24 hours after receiving support from Binance. The former performed much better, likely fueled by additional backing from Coinbase and Upbit. Green Candles After the Updates The world’s largest cryptocurrency exchange expanded the list of trading choices on its futures program to enhance users’ experience. […]
Binance set a new milestone in August as its futures trading volume soared to $2.626 trillion. This represented the highest monthly figure on the platform in 2025 so far and surpassed July’s $2.552 trillion amidst a renewed surge of activity among both retail and institutional traders. Analysts point to a combination of factors driving this […]
At the recent BNBDay event in Tokyo, Binance founder Changpeng “CZ” Zhao said decentralized exchanges (DEXs) will eventually surpass their centralized counterparts (CEXs) in trading volume. CZ noted that while CEXs currently dominate the market due to their liquidity and user-friendly experience, the momentum is shifting toward decentralized finance (DeFi). He also added that a […]
Paxos has agreed to pay $48.5 million to the New York Department of Financial Services (NYDFS). This is to resolve allegations related to inadequate due diligence on its former partner, Binance, and failures in its anti-money laundering program. NYDFS Probe Finds Paxos Lacked Oversight According to an August 7 press release, the terms of the […]