Binance experienced over $2 billion in net outflows in the past week, signaling weakening retail participation in crypto trading. Data shows daily Bitcoin inflows under 1 BTC on Binance have dropped to an average of 329 BTC, the lowest ever, compared to peaks of 2,690 BTC in 2021 and 3,700 BTC in 2018. Despite this, Binance remains the largest crypto exchange by volume. The exchange also faces regulatory challenges in Europe after missing the July 1 deadline to get authorization under the MiCA framework, leading to withdrawal of its application in Greece but affirming continued commitment to the region.
Bitcoin exchange reserves are declining as major platforms report net outflows, indicating more holders are moving coins off exchanges for self-custody or long-term holding. Despite this, U.S. trading volume on Binance surged by nearly 579%, driving ...
Crypto markets saw $26.3 million in liquidations over 24 hours, dominated by $18 million in short position liquidations as Bitcoin and Ethereum prices rose modestly. This indicates a short squeeze, where bearish traders are forced to close positions ...
BitMart, once a top 10 crypto exchange, announced it is winding down operations due to years of declining market share and liquidity, worsened by a 2021 hack that damaged user confidence. The platform stopped new registrations, deposits, and trading ...
The XRP Ledger (XRPL) has added about $2.6 billion in tokenized real-world asset (RWA) value over the past six months, excluding stablecoins, making it the second-largest blockchain for net RWA inflows behind BNB Chain. The largest portion of this va...
Bitcoin and Ethereum prices declined by 2.24% and 1.62% respectively amid a 12.92% drop in crypto derivatives trading volume, indicating reduced risk appetite among traders. The broader crypto market saw losses across major altcoins, reflecting a def...
