BNB Chain remains the top blockchain by monthly active stablecoin addresses, hosting about 15 million users, surpassing rivals like Ethereum and Solana. This high user activity indicates strong retail participation and network utility, driven by BNB Chain's accessibility and low fees. However, despite leading in user numbers, BNB Chain does not have the highest stablecoin market capitalization or transaction value, as networks like Ethereum attract larger capital flows. This divergence affects BNB's price, which remains under pressure and below key moving averages, signaling a continuing downtrend despite solid adoption metrics.
Bitcoin's exchange-to-exchange transfers plunged 91% from 1,800 BTC to 165.7 BTC within 30 days following Binance's July 1 exit from the EU and EEA due to MiCA regulations. This sharp decline reflects European users migrating their assets to regulate...
Since June 30, a single wallet has withdrawn about $84.3 million in Ethereum (ETH) and $15.66 million in Wrapped Bitcoin (WBTC) from Binance, totaling nearly $100 million. This large outflow reduces immediate sell-side liquidity on Binance and may in...
The crypto market cap rose about 1.2% to $2.28 trillion, with Bitcoin holding steady above $64,000 and most top coins posting modest gains. Improved sentiment follows Bitcoin's tough June, aided by renewed ETF inflows and easing fear in the market. A...
Bitcoin and Ethereum posted small gains while major altcoins showed mixed results, reflecting cautious investor sentiment and a preference for Bitcoin's relative stability. Bitcoin dominance increased slightly to 58.51%, signaling a defensive market ...
Binance experienced a reported net outflow of $913 million in USDT stablecoins within 24 hours, a significant movement that has caught traders' attention. However, the data remains partially unverified with no official confirmation or clear cause, su...
