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.
Binance has invested $100 million in Circle, the issuer of the USDC stablecoin, and signed a new five-year commercial agreement to expand USDC's use, especially in emerging markets. Binance will promote and integrate USDC on its platform, while Circl...
A cryptocurrency wallet transferred a total of $130 million to Binance through three separate transactions within four days. The latest transfer was a $30 million deposit made on September 28 at 5:53 a.m. ET. These large transfers highlight significa...
Binance Wallet has introduced the ability to pay blockchain gas fees using USDT on BNB Smart Chain, Ethereum, Solana, and TRON networks. This removes the previous requirement for users to hold each network's native gas token before making transaction...
Binance Futures announced it will list several USDT-denominated perpetual contracts referencing traditional finance instruments like equities and commodities. These contracts allow traders to gain exposure to non-crypto assets without owning them, us...
Quant (QNT) led gains among top altcoins with a brief 75% rise after being chosen for The Clearing House's On-Chain Money Initiative, pushing its price above $190 before settling near $160. Bitcoin (BTC) held steady above $83,000, moving toward $85,0...
