Since June 30, a single wallet has withdrawn about $84.3 million in Ethereum (ETH) and $15.66 million in Wrapped Bitcoin (WBTC) from Binance, totaling nearly $100 million.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 indicate long-term holding or strategic repositioning, though the wallet owner's intent remains unclear. The withdrawals span multiple days, suggesting deliberate accumulation or transfer rather than a single transaction. Market watchers will monitor further activity to see if these assets move into DeFi, staking, or return to exchanges.
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...
Binance suspended its services for European Union users after withdrawing its MiCA license application in Greece, ahead of the July 1 transition deadline. Following this suspension, 70% of withdrawals by EU users were directed to self-custody wallets...
Bitcoin led a modest crypto rally, reaching nearly $63,000, driven mainly by spot buying rather than broad market enthusiasm. While Bitcoin and major altcoins like Ethereum, XRP, and BNB posted gains, activity in DeFi, stablecoins, and derivatives de...
