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 tokens. The burn process now occurs directly on the BNB Smart Chain, sending tokens to a blackhole address to ensure they cannot re-enter circulation. The Auto-Burn system will continue quarterly burns based on network activity and BNB price, alongside real-time gas fee burns, to steadily reduce supply over time.
Bitcoin fell below $70,000 due to heavy liquidations totaling $1.47 billion and ETF withdrawals, signaling market pressure. Coinbase secured full federal trust bank approval for its institutional custody business, enhancing regulatory standing. Meanw...
A snapshot of Binance's Bitcoin markets revealed a $2.55 million bid surplus in the perpetual market, with $35.85 million in bids versus $33.31 million in asks. In contrast, both Binance and Coinbase spot markets showed more asks than bids, indicatin...
Binance executed a forced liquidation of a single long Ether (ETH) position worth $7.05 million at a price of $1,876 in its perpetual futures market on Nov. 13. This event was recorded at 9:29 p.m. ET and reflects a significant move in the ETH future...
Bitcoin's demand in the US shows signs of weakness as the Coinbase Premium Index has remained negative for 51 consecutive days, indicating lower buying pressure on Coinbase compared to Binance. The index's latest reading is -0.10%, slightly better th...
Bitcoin fell below $68,000, dropping about 4.7-4.8% in a 24-hour period, with prices around $67,980 to $68,063. Other major cryptocurrencies also declined, with Ether down 4.65% at $1,918.65, Solana down 3.94% at $78.09, and BNB down 3.85% at $628. T...
