Author: NBTC
Binance, the world’s largest cryptocurrency exchange, is maintaining its position at the top as it currently holds the majority of stablecoin liquidity. That is, 59% of all stablecoin reserves are valued at $31.45 billion in USDT and USDC. Binance leads in liquidity, inflows and Bitcoin deposits According to the CryptoQuant update, Binance is more than three times bigger than its closest competitor, OKX exchange, which holds 15.39% worth $8.20 billion. This also indicates that more trading activity involving digital currency trade occurs on Binance than on any other exchange. Binance holds 59% of all stablecoin reserves, with $31B in USDT…
Apertum has officially been designated as a general Layer-1 blockchain within the Avalanche ecosystem, a rare and prestigious classification that highlights its significant contribution and influence. This recognition distinguishes it from self-proclaimed blockchains as Apertum breaks into the Tier-1 blockchain category. By the end of Q1 2025, Apertum had already catalyzed considerable growth across Avalanche’s ecosystem, demonstrating the tangible impact of its infrastructure and adoption. The blockchain’s rapid rise to prominence is backed by independently validated data and a strong set of metrics. According to the Messari Q1 2025 Avalanche Ecosystem Report, Apertum was a key driver of increased activity…
Bitcoin’s price reclaimed $110,000 on Wednesday morning, surging briefly after the US May inflation report came in below economists’ expectations, according to TradingView data. At press time, the largest digital asset was trading around $110,300, marking a slight gain over the past 24 hours. Nic Puckrin, crypto analyst, investor, and founder of The Coin Bureau, believes Bitcoin has further upside potential as inflation is milder than expected and market fears around Trump’s tariffs have subsided. Trump announced today on Truth Social that the US had reached a new trade deal with China, pending final approval by both leaders. He added…
NodeX has recently revealed the strategic alliance with Ice Open Network in an important announcement related to the decentralized finance (DeFi) and blockchain space. The partnership will see the combination of the best of both worlds between the modular DeFi infrastructure of NodeX and the high-performance Layer 1 blockchain of Ice Open Network, ION, establishing the foundation of a new era of composable and user-first Web3 innovation. 🚀 We’re thrilled to announce our strategic collaboration with @ice_blockchain !Nodex 🤝 IONThis partnership brings together ION’s scalable Layer 1 blockchain and no-code dApp builder with Nodex’s modular DeFi infrastructure.🌐 What to expect:Seamless…
Elon Musk’s personal net worth has declined $150 billion since the abrupt and very public end to his working relationship with President Donald Trump, reports Bloomberg. On December 17, in the midst of Trump’s post-election run-up, Musk’s net worth hit an all-time high of $486 billion. Today, he’s worth $335 billion. Despite a few months working side-by-side with Trump and his administration, their working relationship fell apart this week — sending Musk’s net worth plummeting. Disenchanted with the effectiveness of Musk’s Department of Government Efficiency (DOGE) that the Tesla and SpaceX supremo once claimed would save American taxpayers $2 trillion,…
The US Securities and Exchange Commission has asked prospective Solana ETF issuers to submit amended S-1 forms within the next week, three sources with knowledge of the matter told Blockworks. The agency told issuers it would make comments on the S-1s within 30 days of their submission, two sources added. The SEC asked issuers to update language surrounding in-kind redemptions and how issuers would approach staking, the sources said, adding that the agency appears open to including staking as part of Solana ETFs. One source estimated these updates could put Solana ETFs on track to be approved within three to…
The Federal Reserve — a key regulator of U.S. banking — is about to have a new vice chairman for supervision, Michelle Bowman, who will ultimately guide how the Fed oversees the financial system, possibly including how stablecoin issuers are regulated. After a tight party-line confirmation vote in the Senate approved the Kansas Republican’s nomination 48-46, Bowman, who has already been serving as one of the Fed board’s governors, will now be elevated to one of its leadership roles. The supervision job was created after the 2008 global financial meltdown and is meant to help focus the central bank’s regulatory…
Binance dominates CEX stablecoin reserves and inflows, reflecting deep market trust and consistent institutional activity. Coinbase leads in total reserves, but lacks public Proof-of-Reserves, unlike Binance which provides on-chain transparency. When you want to store large funds in crypto, your choice may not be far from CEX such as Binance or Coinbase. These two names do dominate the centralized crypto exchange industry, especially when it comes to asset reserves and fund inflows. But behind those big numbers, there is another story that is no less important. Transparency vs. Size: Binance and Coinbase Take Different Paths Data from CQ Research shows…
Hotcoin has collaborated with DRX Token, a new project that blends blockchain, the sports apparel industry, NFC technology and community engagement. Both parties are choosing to work together, hoping to support Web3 growth by centering on sports, culture and decentralized technology. 🚨 Partnership Announcement 🚨@HotcoinGlobal 🤝 @DrxToken — Powering the Future of Web3 Sports & CommunityWe’re excited to join forces with DRX, a next-gen cryptocurrency bridging blockchain innovation with Web3, sports, and immersive community experiences🌐From fan… pic.twitter.com/URD8Ssgdih — Hotcoin (@HotcoinGlobal) June 5, 2025 Bridging Cryptocurrency and Sports Apparel DRX Token has made a special ecosystem for its SuperApp, which you…
The hashrate of Bitcoin reached a new all-time high of over 943 EH/s. The increase in mining difficulty has not hampered growth as miners invest in long-term expansion. This slow rise in price and hashrate indicates enormous confidence in the future of Bitcoin. The hashrate of Bitcoin is at an all-time high, indicating that the mining ecosystem of the network is strong once again. According to recent data, the hashrate has exceeded 943 exahashes per second (EH/s), reflecting a rise in computing power employed by miners worldwide. This new record high proves the growing seriousness of the mining activity even…