Bitcoin Futures Open Interest Hits Record $37.55 Billion With CME Leading the Pack

Bitcoin Futures Open Interest Hits Record $37.55 Billion With CME Leading the PackOn Friday, March 29, 2024, the combined open interest in bitcoin futures reached a new all-time peak of $37.55 billion. This uptick occurs amid buoyant bitcoin markets and a growing attraction from institutional investors. Bitcoin Futures Open Interest Reaches Unprecedented $37.55 Billion Since the close of 2023, interest in bitcoin (BTC) derivatives has escalated, reaching […]

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Philippines Blocks Binance, Citing Threat to Security of Investor Funds

Philippines Blocks Binance, Citing Threat to Security of Investor FundsThe Philippines has proceeded to block crypto exchange Binance. The country’s Securities and Exchange Commission (SEC) has concluded that the public’s continued access to Binance’s websites and apps “poses a threat to the security of the funds of investing Filipinos.” The Philippine SEC Warns Against ‘Investing in and Using Binance’ The Philippine Securities and Exchange […]

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Binance to Halt Tron USDC Trading Following Circle’s Move Away

Binance to Halt Tron USDC Trading Following Circle's Move AwayCrypto exchange Binance will end support for TRC-20-based USDC tokens on April 5, following an announcement by USDC issuer Circle to discontinue support for the stablecoin on the Tron blockchain. Circle ceased minting USDC on Tron and aims to phase out support entirely, aligning with efforts to maintain USDC’s trust, transparency, and safety. Binance users […]

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Solana Surpasses Binance Coin To Claim 4th Spot In Market Valuation, Trader Recorded Notable Losses

Solana’s SOL token has made significant strides in the cryptocurrency market, surpassing Binance Coin (BNB) to secure the 4th rank in terms of market valuation. This shift comes on the heels of a notable price spike over the weekend, further fueled by the growing frenzy surrounding meme coins on the blockchain, including $WIF, $BONK, and the latest addition, $BOME. With SOL’s market value now exceeding $90 billion, the token experienced a remarkable 10% increase in value for the day, reaching its highest level since December 2021 at $209 per token. This surge in activity underscores the increasing prominence of Solana

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Binance CEO Now Expects Bitcoin Price to Top Earlier Estimate of $80K This Year

Binance CEO Expects Bitcoin Price to Exceed $80,000 at Year-EndBinance CEO Richard Teng now expects the price of bitcoin to surpass his earlier estimate of $80,000 this year. The executive anticipates continued significant inflows into U.S. spot bitcoin exchange-traded funds (ETFs) as endowments and family offices increase bitcoin exposure in their investment portfolios. Binance CEO Teng’s Bitcoin Price Prediction Binance CEO Richard Teng shared […]

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Taiwan Acknowledges Binance for Cooperating With Domestic Law Agencies

Taiwan Acknowledges Binance for Cooperating With Domestic Law AgenciesThe government of Taiwan has acknowledged the cooperation Binance has offered to domestic law enforcement agencies. According to local reports, Binance is the only offshore exchange that assists the government in dealing with virtual asset fraud cases, allowing authorities to access the accounts involved in these actions and deposit the assets derived from these schemes. […]

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Group Urges US President Joe Biden to Secure Release of ‘Kidnapped’ Former Federal Agent

The Chamber of Digital Commerce, a blockchain and crypto advocacy group, has urged U.S. President Joe Biden to assist in securing the release of a Binance executive “kidnapped” by the Nigerian government. The group warned that the Nigerian government’s arbitrary detention of Tigran Gambaryan might establish a dangerous precedent. Questioning the Arbitrary Detention of Binance […]

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Binance Says Nigeria Is Not Yet One of Its Top Markets

Nigeria is not yet among Binance’s top markets despite being a leading global crypto market. However, the crypto exchange said it recognizes the West African country’s “extraordinary potential,” which is one reason why it is eager to invest there. ‘Extraordinary Potential’ The cryptocurrency exchange Binance has clarified that Nigeria, despite being one of the world’s […]

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CEX Platform Tokens And Solana Project Tokens See Significant Gains

In the world of cryptocurrency, both centralized exchange (CEX) platform tokens and tokens associated with the Solana project have experienced notable gains in recent trading sessions.  Binance Coin (BNB) surged past the $630 mark, registering a remarkable 24-hour increase of 15.64%, while OKB recorded a 24-hour gain of 9.5%. Solana (SOL) also saw a notable uptick, rising by 11.66% in the span of just 24 hours.  CEX platform tokens and Solana project tokens saw general gains. BNB once exceeded $630, with a 24-hour increase of 15.64%, and OKB had a 24-hour increase of 9.5%. SOL rose 11.66% in 24 hours,

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Metis Makes Binance Debut with Promising Trading Pairs, Trader Makes 10,497 USDC Profits 

Today marked a significant milestone for Metis, a permissionless Ethereum Layer 2 (L2) solution leveraging optimistic rollup technology. The platform was officially listed on Binance, a leading cryptocurrency exchange, with trading pairs including METIS/BTC, METIS/USDT, METIS/FDUSD, and METIS/TRY.  This listing, which occurred at 12:00 (UTC), opened up new avenues for traders and investors to engage with the Metis ecosystem. The announcement of Metis’ listing on Binance sparked immediate activity in the market, attracting the attention of astute traders looking to capitalize on the news.  One such trader wasted no time, swiftly deploying 196,175 USDC to acquire METIS within a mere

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