Binance experienced a significant net outflow of $46.29 million in USDT stablecoins within a single hour, indicating a concentrated movement of funds off the exchange. Such outflows can reflect various activities like transfers to decentralized finance platforms, institutional trades, or treasury rebalancing, and do not necessarily signal market distress. Analysts will watch if this outflow trend continues or reverses in the coming hours to understand its implications better. This event highlights the dynamic role of stablecoins like USDT in crypto trading and settlements.
BNB Chain completed its 36th quarterly token burn by sending 1,615,827.795 BNB tokens, valued at nearly $932 million, to dead wallets. This burn reduces the total BNB supply to 133,166,127.91 tokens as part of an ongoing auto-burn system aimed at low...
Binance announced an $800,000 XRP airdrop with strict eligibility rules including full KYC verification and regional bans for residents of Canada, Japan, Iran, North Korea, and much of Europe due to regulatory compliance. Participants must hold at le...
BNB Chain completed its 36th quarterly token burn, permanently removing 1.61 million BNB tokens valued at approximately $932 million. This burn reduced the total BNB supply to about 133.17 million, moving closer to the long-term goal of 100 million t...
BNB Smart Chain completed its 36th quarterly token burn by destroying 1.62 million BNB tokens valued at $932 million, bringing the total burned tokens to over 67 million. This auto-burn mechanism adjusts the number of tokens destroyed based on BNB's ...
Bitcoin surged nearly 3.6% to around $64,800 after U.S. inflation data showed a bigger-than-expected slowdown in June, with headline inflation dropping to 3.5% and core inflation easing to 2.6%. This cooling inflation sharply reduced market expectati...
