Bitcoin whale selling jumps while BTC price holds $60K and buyers snap up supply
Demand is keeping up with increasing activity from whales this week, the latest data confirms. Go to Source Powered by WPeMatico
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BTC Futures Open Interest Continues to Rise Following Bitcoin ETF Listings Last Month
Bitcoin futures open interest continues to remain high after the launch of the first bitcoin exchange-traded fund (ETF) on October 22. While Binance commands $5.81 billion and leads the pack, CME Group holds the second-largest position in terms of bitcoin futures open interest (OI) with $4.1 billion or 16.84% of the aggregate OI. Top Ten … Read more
Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar
Since October, Multi-chain compatible DeFi platforms saw record inflows as investors and developers attempted to avoid the Ethereum network due to soaring gas fees. Go to Source Powered by WPeMatico
Binance to spend $115M in France to develop European crypto ecosystem
Binance CEO Changpeng Zhao announced the launch of the $115-million crypto and blockchain initiative during a conference in France. Go to Source Powered by WPeMatico
Binance crypto withdrawals return to normal following system backlog
The company announced a halt in withdrawal activity via their official Twitter account on Monday morning which lasted for just over 2 hours. Go to Source Powered by WPeMatico
Meme coin mania triggers triple-digit gains from Binance Smart Chain-based altcoins
HOGE, ASS and TABOO are three Binance Smart Chain-based projects that have seen triple-digit rallies after traders rotation into meme coins. Go to Source Powered by WPeMatico
Solana-Based Drift Protocol Raises $3.8 Million — Project Reveals Drift Alpha Ticket NFTs
While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.” Solana Perpetual … Read more
Binance CEO expects ‘very high volatility’ in crypto. Here’s how to trade it
Here’s how options traders would play the “very high volatility” that Binance founder Changpeng Zhao suggested will impact the crypto market over “the next few months”. Go to Source Powered by WPeMatico
Russia does ‘absolutely nothing’ to regulate crypto, RACIB head says
The recent law “On Digital Financial Assets” has not gone far enough in the eyes of Russian crypto industry advocates. Go to Source Powered by WPeMatico
Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism
Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns. The proposal, … Read more