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Ceffu withdraws $264M in Bitcoin and Ethereum from Binance in 30 minutes amid Bitcoin rally

Market News
24 Aug 2026
Bitcoin
View Source
Bullish
Ceffu withdraws $264M in Bitcoin and Ethereum from Binance in 30 minutes amid Bitcoin rally

Ceffu, Binance's institutional custody partner, moved $263.8 million worth of Bitcoin and Ethereum off Binance within 30 minutes on August 24, after depositing $136.54 million in USDC. This follows a similar large transfer in July, indicating ongoing custody activity rather than a bearish market signal. The timing coincides with Bitcoin's strongest weekly rally since March 2023, driven by U.S. Treasury bond buybacks and positive crypto industry developments. Such withdrawals typically reflect institutional settlement or rebalancing, not panic selling.

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Binance burns $1.2B in BNB tokens and launches AI trading tool Binance AI Pro.

Binance burns $1.2B in BNB tokens and launches AI trading tool Binance AI Pro.

Binance has completed its 37th quarterly burn, permanently removing 1.64 million BNB tokens worth about $1.2 billion to reduce supply and increase scarcity. Simultaneously, Binance introduced Binance AI Pro, a new AI-powered trading tool that allows ...

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The total cryptocurrency market capitalization fell by 3.05% to $2.75 trillion as of October 19, despite six major cryptocurrencies posting gains. Bitcoin rose 0.75% to $82,600, holding 60.2% of the market share, while Ether increased 0.27% to $2,424...

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Mastercard boosts crypto team focusing on stablecoins and payments, not Bitcoin

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Mastercard is expanding its crypto team and infrastructure with a clear focus on stablecoins and blockchain payments rather than Bitcoin. The company has added leadership roles, launched a global Crypto Partner Program with over 85 firms including Bi...

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15 hours ago
Circle reveals USDC revenue split, highlighting partner payouts and infrastructure reinvestment in 2026 H1.

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Circle disclosed that in the first half of 2026, it generated $1.4 billion from USDC stablecoin revenue, with 59% paid to distribution partners like wallets and exchanges, and 34% reinvested into network infrastructure such as compliance and liquidit...

Protocol Fundamentals
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BNB nears key $727.53 level; hourly close above it could confirm short-term breakout.

BNB nears key $727.53 level; hourly close above it could confirm short-term breakout.

BNB reached a 24-hour high of $728.53 but needs an hourly closing price above $727.53 to confirm a short-term breakout. Currently trading at $725.31, BNB sits below its 20-day and 50-day moving averages but above its 200-day average, signaling mixed ...

Technical Signals
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