Author: NBTC
Binance, the biggest centralized crypto exchange around the globe, has recently witnessed a significant development in terms of trading volume. As per the data from DeFiLlama, Binance has reportedly recorded a massive $8.73B in its asset inflow over the month, pushing its cumulative assets to a remarkable $154.9B. According to DefiLlama, @binance saw an inflow of $8.73B over the past month, bringing its total assets to $154.9B! #Binancehttps://t.co/Lrl0bTwxIF pic.twitter.com/y5PJkB5Jk6 — Lookonchain (@lookonchain) November 23, 2024 The Total Assets of Binance Reach $154.9B as Its Monthly Asset Inflow Touches $8.73B The data pointed out that reaching the landmark achievement of $8.73B…
Michael Saylor, founder and executive chairman of MicroStrategy behemoth, has published a “special” tweet about Bitcoin. This coincided with the world’s flagship cryptocurrency plummeting below the $67,000 price level. In his tweet, MicroStrategy’s Saylor suggested that users should begin to “spread Bitcoin with love.” Spread #Bitcoin with Love 🧡 pic.twitter.com/4OVpladoCh — Michael Saylor⚡️ (@saylor) October 22, 2024 Michael Saylor is a vocal Bitcoin evangelist. His long-running company, MicroStrategy, began to regularly buy BTC in August 2020, developing a new strategy based on Bitcoin. Currently, it holds 252,220 Bitcoins evaluated at approximately $9.91 billion. Over the weekend, Saylor took part in…
Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto market. This surge has reignited investor optimism, especially as Ethereum approaches its yearly highs. Key data from CryptoQuant highlights a significant bullish signal: Ethereum’s Taker Buy Volume hit an astonishing $1.683 billion in a single hourly candle. This metric reflects aggressive buying activity in the futures market, further supporting Ethereum’s potential for continued upward momentum. The driving force behind this rising demand for Ethereum appears to stem from profits being cycled out of Bitcoin. With Bitcoin consistently breaking all-time highs, investors are…
Solana-based viral memecoin PONKE is ready to begin the next leg of its journey by introducing added utility for its users with PonkeSwap.—Amidst growing interest in crypto and increased adoption of decentralized services, PONKE has launched a decentralized exchange (DEX). The DEX will leverage the low-cost and fast infrastructure of Solana to provide an efficient and accessible decentralized trading experience to its expansive ecosystem.PONKE has already generated a lot of traction with its memecoin, which is up a whopping 1,278% from its $0.02173 low earlier this year. The golden child of Solana, which embodies the personality of a big risk…
BTC and XRP challenge securities classifications as a legal expert argues underlying assets are distinct from investment contracts, intensifying calls for regulatory clarity in crypto markets. BTC and XRP Lead Legal Shift in Crypto Investment Contract Standards A well-known advocate in the cryptocurrency community, John E. Deaton, has strongly criticized the conflation of crypto assets with securities in investment contract cases. In a statement on social media platform X on Thursday, he addressed the Financial Industry Regulatory Authority (FINRA)’s newly released guide on classifying crypto assets as securities, stating: The underlying asset utilized in an ‘investment contract’ is never itself…
The Lightning Network is a revolutionary scaling solution for Bitcoin, enabling fast and inexpensive payments that make everyday transactions with Bitcoin possible. As the network grows, it’s essential to measure its health and efficiency accurately, so we can unlock its full potential. Traditional metrics like node count, channel count, and capacity have been used to assess the Lightning Network, but they only tell part of the story. To truly understand the performance of this second-layer solution, we need to focus on flow—specifically, Max Flow, a metric with a long history of optimizing complex systems. Max Flow: The Key to Understanding…
Ethereum Spot ETF inflows surged to $91.2 million, reversing six consecutive days of outflows. BlackRock’s Ethereum ETF (ETHA) significantly contributed to this trend. The exchange-traded fund saw a notable single-day inflow of $99.67 million, reinforcing Ethereum’s position in institutional portfolios. This inflow pushed its total historical net inflow to $1.80 billion. Following was Fidelity’s FETH, which saw a net inflow of $5.76 million, bringing its total historical net inflow to $704 million. Grayscale Ethereum Trust ETF ETHE had a net outflow of $18.5621 million yesterday, and its historical net outflow is currently $3.338 billion. Grayscale Ethereum Mini Trust ETF had…
Litecoin is gaining traction as an asset for value preservation in the long term. Litecoin ETF hype is helping to fuel the coin’s bullish price outlook. Litecoin (LTC) recently outpaced Ethereum (ETH) regarding the longest average holding period. This highlights Litecoin’s sustained appeal among long-term investors. However, Bitcoin (BTC) continues to lead in this metric. Long-Term Litecoin Investors Soar According to IntoTheBlock, Bitcoin has the longest “average HODL time” at 4.4 years. This is consistent with its widespread conception as a long-term store of wealth, or “digital gold.” This chart highlights the typical holding period for different assets. As expected,…
In the SEC’s latest report detailing the Examination Priorities for 2025, the Commission has reinforced its gameplan to keep a close eye on the crypto industry. As the market for digital assets continues to grow in both size and complexity—particularly with the introduction of Bitcoin ETFs and similar ETH products—the SEC’s Division of Examinations is increasing its scrutiny on firms that offer, sell, and permit the trading of crypto assets. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. SEC’s 2025 Priorities With the total market cap of all cryptocurrencies up nearly 100% over the…
Bitcoin options traders are betting big on BTC hitting a record high of $80,000 by the end of November, regardless of the outcome of the upcoming US presidential election. Options Traders Expect Record Bitcoin Highs Regardless of Election As the November 5 election approaches, options markets have shown high implied volatility, particularly for contracts expiring around election day. Investors are primarily opting for call options that grant them the right to buy Bitcoin at higher prices, signaling growing optimism about Bitcoin’s future performance. David Lawant, director of research at FalconX, a crypto-prime brokerage, believes this optimism stems from a broad…