Market Analysis
Bitcoin’s $96 billion in derivatives open interest fuels BTC price momentum near all-time highs, but rising leverage use raises the risk of liquidations and market volatility.
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Binance News
Founded in 2017 by Changpeng “CZ” Zhao, Binance has become one of the largest crypto asset exchanges in the market, providing a wide variety of software products and services for buying and selling cryptocurrencies.
The Binance ecosystem encompasses diverse offerings, including the Binance exchange for cryptocurrency trading, the BNB Smart Chain enabling decentralized applications, the Binance Academy for educational content and Trust Wallet for secure asset storage and management.
BNB (BNB) serves as the driving force behind the BNB Chain ecosystem, functioning as its native cryptocurrency token. BNB originated from Binance’s initial coin offering and served as a means for users on the Binance exchange to reduce trading fees upon its launch. In 2019, Binance launched a mainnet blockchain, Binance Chain, with BNB as its coin. In 2020, Binance Smart Chain (BSC) was launched as a separate compatible blockchain alongside Binance Chain. In 2022, Binance merged the Binance Chain and Binance Smart Chain ecosystems under a single label: BNB Chain. Both chains still run parallel and serve distinct roles but are housed under a single name.
Despite its success, Binance is under constant regulatory review as authorities examine whether it complies with global financial laws. This highlights the industry’s unstable regulatory environment and has led Binance to bolster its adherence to laws and regulations in various jurisdictions. Nonetheless, its technological prowess, worldwide reach, and forward-thinking leadership solidify its position as a formidable crypto behemoth.
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Binance founder Changpeng Zhao said crypto platforms must prepare for the inevitable by enabling users to pass on digital assets after they die.
5428 - Price Analysis
Altcoins remain in a consolidation phase even as Bitcoin price looks ready to take a stab at new all-time highs.
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Binance’s rollout in Syria features a full access launch, allowing Syrians to trade at least 300 tokens, including Bitcoin, XRP, Toncoin and more.
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PancakeSwap now offers one-click crosschain swaps with Across Protocol, aiming to reduce bridge risk and improve DeFi user experience across Arbitrum, Base and BNB Chain.
6493 - News
The former executive is starting a new chapter, having returned to the US in October 2024 after being detained for eight months in Nigeria.
3359 - News
RWAs are benefiting from increasing US crypto regulatory clarity, which has pushed the tokenization sector past $23 billion.
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Binance is cracking down on bot abuse in its Alpha Points early-access program after detecting coordinated bot farming activity.
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The SEC and Binance have filed a joint motion to end a nearly two-year legal battle in the agency’s latest backdown from its prior crypto enforcement actions.
8790 - News
Bubblemaps aims to offer forensic-grade analytics tools for Web3 users to help navigate the rise of insider scams and rug pulls in the crypto industry.
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Bulls launched a futures market-driven attack on BTC’s $110,000 resistance level as US markets are closed for Memorial Day. Will spot volumes follow on Tuesday?
3188 - News
“I am not a fixer,” Binance co-founder Changpeng Zhao said in an X post, denying a WSJ report that he introduced tech entrepreneur Bilal bin Saqib to the World Liberty Financial team.
6237 - News
UK judges rejected a $11.9 billion claim from BSV investors, ruling that they could have mitigated losses after Binance and others had delisted the token.
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Crypto travelers tend to have higher spending per transaction, greater loyalty and more frequent bookings.
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Binance is pushing to dismiss a $1.76 billion lawsuit filed by FTX, claiming the suit wrongly blames Binance and former CEO Changpeng Zhao for a collapse caused by internal fraud.
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