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 $1,500 ETH levels, regulatory uncertainty from the EU's MiCA framework, and short-term trading adjustments. Binance missed the MiCA licensing deadline, leading to service suspensions for EU users but assured asset safety and withdrawal access. Other exchanges also saw mixed flows, indicating a cautious market amid regulatory changes and ETH's price rebound.
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...
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...
Cardano is preparing to launch its Protocol Version 11 upgrade, called the "van Rossem" hard fork, which aims to introduce cheaper smart contracts and enhanced cryptography. Major exchanges like Binance and Coinbase have confirmed their readiness, an...
