In under three months, nearly 100,000 bitcoins worth over $8 billion were withdrawn from major exchanges Binance, OKX, and Gemini, causing exchange reserves to hit their lowest levels since 2023. This significant reduction in available bitcoin supply coincides with increased accumulation by long-term investors, suggesting growing confidence in bitcoin's price trajectory. Analysts warn that this shrinking supply combined with rising demand could lead to heightened market volatility and potential price surges if buying pressure continues. The market now faces a liquidity squeeze that will test buyers' ability to sustain upward momentum.
Binance has introduced an $800,000 XRP airdrop campaign for holders of Ripple's stablecoin RLUSD, offering weekly XRP rewards until August 14. To qualify, users must hold at least 0.01 RLUSD and meet a daily average trading volume of $500 in Margin o...
BNB Chain completed its 36th quarterly token burn, destroying 1,615,827.795 BNB tokens valued at approximately $931.70 million. This burn reduced the total BNB supply to 133.16 million, part of a long-term plan to lower supply to 100 million. The bur...
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...
