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 concerns and speculation within the crypto community about the reasons behind the surge. This significant outflow could impact Binance's liquidity and trading volumes, though the exchange is large enough to absorb the pressure without immediate crisis. Market watchers are awaiting any official statements or proof-of-reserves updates from Binance to better understand the situation.
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...
Bitcoin and Ethereum prices increased by 1.80% and 2.71% respectively, signaling investor preference for large-cap cryptocurrencies despite mixed performance among altcoins. Bitcoin dominance rose to 57.92% and Ethereum's to 9.87%, indicating capital...
Binance recorded a net inflow of $213 million in USDT stablecoins over 24 hours, indicating increased capital moving onto the exchange. This inflow suggests traders may be preparing to buy cryptocurrencies or use the funds for trading activities, but...
