Binance experienced its biggest weekly crypto outflows in nearly three years, with $1.23 billion withdrawn ahead of the EU's MiCA regulatory deadline on July 1. This surge reflects investor reactions to regulatory changes, as Binance scaled back services in several European countries and withdrew its Greek license application. Concurrently, a spike in Ethereum withdrawals suggests some investors are moving assets to self-custody for long-term holding. The coming weeks will reveal if outflows continue, indicating accumulation, or if assets return to exchanges, signaling short-term regulatory concerns.
Bitcoin and Ethereum prices slipped slightly as overall cryptocurrency trading volumes declined across spot, derivatives, and DeFi markets. This drop in activity reflects reduced risk appetite among traders and a broader market slowdown, with Bitcoin...
Binance experienced $1.23 billion in net outflows over one week, a 207% increase from the previous week, driven mainly by Ethereum withdrawals reaching their highest level in three years. The exchange has not provided any public explanation, raising ...
Huang Licheng, a known crypto trader, reportedly transferred 7,000 USDC to the decentralized platform Hyperliquid and then 10,000 USDC to the centralized exchange Binance. These movements, tracked on-chain, have drawn attention as they may indicate m...
Binance recorded about $1.23 billion in net outflows during the week starting June 29, a 207% increase from the previous week, driven largely by Ethereum withdrawals hitting a three-year high. Analysts suggest the spike reflects accumulation near $1,...
In the past seven days, a total of 4,932.87 BTC was transferred to centralized exchanges, with Binance receiving 2,006.76 BTC, accounting for about 40.7% of the total inflows. This concentration on Binance, the largest spot trading platform, could in...
