Author: NBTC
Binance continues to expand its derivatives offerings with the announcement of a new listing on its futures platform. Binance Futures to Launch SOONUSDT Perpetual Contract with Up to 50x Leverage The exchange will launch the USDⓈ-margined SOONUSDT perpetual contract on May 23, 2025, at 11:30 AM, providing traders with access to up to 50x leverage on the newly listed pair. The SOONUSDT contract will join Binance Futures’ roster of perpetual contracts that aim to offer users more diverse trading opportunities and enhanced flexibility. According to the official announcement, tick size specifications will be revealed 15 minutes before the contract launch,…
Anton Bukov, co-founder of 1inch, a decentralized exchange, has explained that operating procedures in DeFi are much cheaper than those that traditional banks use. During Dutch Blockchain Week in Amsterdam, Bukov explained that verifying documents and setting up accounts for a user at a traditional bank can cost $100-300. In comparison, online banks incur only $20-30 per user. Alternatively, using decentralized financial platforms is as easy as having a smartphone and an internet connection. According to Bukov, Defi can be used with little or no upfront cost. Since no equipment is involved and the system doesn’t require extended verification, transactions…
Bybit and international hedge fund Imrat Group have announced a partnership enabling crypto traders to buy stocks directly with USDT. International hedge fund Imrat Group and crypto exchange Bybit are joining forces to offer stocks on Bybit’s platform. On Friday, May 23, the two companies announced a partnership enabling users to trade stocks and other instruments using the USDT stablecoin. According to Imrat Group, Bybit will allow its users to trade major global stocks and IPO/ICO products with leverage. Notably, traders will be able to purchase major U.S. stocks like Apple, Tesla, Nvidia, and Amazon, without ever converting their crypto…
Cryptocurrency trader and analyst Kevin Svenson is leaning bullish on Bitcoin (BTC) amid the flagship digital asset’s rise over the past two weeks. In a new strategy session, Svenson tells his 82,800 YouTube subscribers that Bitcoin is demonstrating strong bullish momentum on the daily time chart. “Bitcoin not giving up any of the pumps. We pump up, we go sideways, we pump up, we go sideways. And now pumping up again. It’s looking really good.” Svenson also says that Bitcoin has confirmed a breakout on the four-hour chart and is poised to go higher based on signals from the Relative…
The Memecoins Making Waves on Sui… Memecoins have taken the crypto world by storm, blending humor, community spirit, and blockchain innovation. The Sui Network, a high-speed Layer-1 blockchain, has become a hotbed for memecoins that combine quirky narratives with DeFi potential. Unlike traditional cryptocurrencies, memecoins thrive on relatability and viral appeal, often inspired by animals or internet culture. In this article, we explore the top five memecoins on Sui—LOFI, HIPPO, BLUB, FUD, and MIU—based on their community engagement, unique features, and ecosystem contributions. These tokens are ranked by their prominence in the Sui ecosystem, as reflected in recent market cap…
TL;DR In 2024, Travala reached $80 million in bookings paid with cryptocurrencies, a 78% increase compared to the previous year. Nearly 80% of current bookings are paid in digital assets, with Binance Pay emerging as the most used external payment method, surpassing bank cards and Apple Pay. Crypto-using travelers spend more, stay longer, and show higher loyalty to destinations like Dubai, Bangkok, and Mexico City. Tourism and cryptocurrencies are no longer separate worlds. The latest data shared by Travala and Binance Pay confirms that payments with digital assets are no longer a rarity: they have become a preferred option for…
Bitcoin is trading at $96,101 with a market capitalization of $1.907 trillion. Over the last 24 hours, its trade volume reached $21.413 billion, moving within an intraday range of $95,944 to $97,821. Bitcoin On the daily chart, bitcoin (BTC) maintains a bullish trend following a steady climb from the $74,434 level to a recent high of $97,938. However, the increasing volume observed during the ascent has begun to taper, suggesting that bullish momentum may be losing steam. A potential rising wedge pattern has formed, often signaling impending reversals. The immediate support zone sits between $90,000 and $91,000, with secondary support…
Trump-backed World Liberty Financial has passed a proposal to test its on-chain airdrop feature by sending a ‘small amount’ of USD1 to all eligible WLFI token holders. The proposal passed with a 99.96% approval rate. On May 14, an advisory proposal recommending World Liberty Financial to test its airdrop function by sending WLFI holders a small amount of the project’s USD-pegged stablecoin has officially been passed. Garnering a total of 12,000 votes, the proposal gained a 99.96% approval rate from the governance vote. Although the proposal does not contain an estimated date for when the airdrop would take place, it…
Binance saw an uptick in activity in the past month, with the biggest boost coming from the futures market. The clear bullish trend expanded demand for active trading with leverage, to make the best of the market’s direction. Binance is once again predominantly a futures market, increasing the ratio of futures to spot trading. The dominance of futures trading is near a 1.5-year high, reflecting the increased open interest for BTC and other active assets. The ratio increased vertically in the past month, reflecting the shift in sentiment and risk-taking. Binance carries $12.8B of the total BTC open interest, remaining…
Roughly 40 days ago, Bitcoin.com News disclosed that the Royal Government of Bhutan, via Druk Holding and Investments (DHI), had moved 600 BTC, and at the time, held a balance of 10,070 BTC. Since that report, Bhutanese officials have evidently parted ways with 2,584 BTC—shedding approximately $248 million in digital assets. Bhutan’s Bitcoin Hoard Shrinks In April, Bhutan, ranked fourth globally among sovereign bitcoin holders, trimmed its reserves. On March 24, Arkham Intelligence data showed the government’s bitcoin holdings at 10,070 BTC. As of now, that figure has dwindled to 7,486 BTC, currently valued at just close to $720 million.…