Binance Coin (BNB) increased by 2.91% on August 11, with spot trading volume on Binance jumping 61.49% to 142.49k BNB. The price rally originated from the $600 level, coinciding with a cryptic teaser from Binance hinting at a potential integration with the X platform. Despite this short-term bullish momentum, BNB remains within a long-term bearish trend since mid-June, trading between $540 and $620. Technical indicators show weak demand overall, but a rally up to $701 is possible if the $620 resistance is breached. Traders are advised to watch key support and resistance levels for signs of sustained momentum or reversal.
Bitcoin's futures market experienced its sharpest deleveraging since 2023, with Binance's Bitcoin futures open interest briefly falling below its 180-day average during the largest liquidation event of the current cycle. This was driven by forced liq...
Bitcoin traded near $79,972, up 0.43% in 24 hours, with optimism for reaching $85,000 fueled by strong ETF inflows and bullish market sentiment. The global crypto market cap rose to $2.72 trillion, led by gains in Solana, Ethereum, XRP, and BNB. Key ...
Tokenized stock trading volume reached nearly $3 billion weekly in August, driven by Robinhood Chain, BNB Chain, and Solana, which dominate blockchain-based equity trading. This growth highlights the rapid expansion of markets allowing investors to t...
Open interest in altcoin futures for ZEC, BNB, ARB, XRP, and SOL has surged, with ZEC reaching a record $2.4 billion amid a price rally past $1,000 that liquidated $34 million in shorts. This rise reflects aggressive speculative leverage rather than ...
Binance has launched perpetual futures contracts for two new crypto tokens: PONS from Robinhood Chain and HAJIMI from BNB Smart Chain. PONS, a utility token with a deflationary model, offers up to 20x leverage and nears a $1 billion market cap, while...
