Binance Accused of Selling off Assets, Denies Rumors

An X user going by the name AB Kaui Dong sounded the alarm early Tuesday, when he noticed suspicious onchain activity by the world’s largest cryptocurrency exchange, Binance. “The most discussed topic among peers today should be Binance, which is selling off a large amount of its own BTC and ETH assets,” Dong said. “Most … Read more

Bitcoin Price Analysis: Bears Tighten Their Grip as Key Support Levels Crumble

Over the past 60 minutes, bitcoin’s price has oscillated narrowly between $94,853 and $95,202, reflecting subdued trading activity amid a $1.88 trillion market valuation and $31 billion in daily volume. The asset has fluctuated between $94,898 and $98,467 in the last 24 hours, lingering 12.6% beneath its historic peak recorded 22 days prior. Bitcoin The … Read more

Uniswap Launches Unichain Mainnet to Boost Defi Efficiency 

Uniswap Labs has launched Unichain Mainnet, a decentralized blockchain designed to reduce transaction costs and accelerate decentralized finance (defi) operations. Decentralized Rollup Unichain Goes Live, Targets Defi Scalability The Ethereum layer two (L2) network, tested through 95 million transactions and 14.7 million smart contracts in four months, aims to enhance defi accessibility with 1-second block … Read more

Japanese Game Firm to Allocate $6.58 Million for Bitcoin Acquisition

Japanese mobile game developer Gumi Inc. announced plans to purchase 1 billion yen ($6.58 million) in bitcoin, aiming to bolster its blockchain initiatives and capitalize on cryptocurrency market opportunities. Gumi Unveils Bitcoin Purchase Plan and Babylon Staking as Part of Web3 Expansion Strategy Gumi, a Tokyo-listed mobile game studio, disclosed the decision following a board … Read more