A former Tokyo Stock Exchange software engineer built and launched the Binance cryptocurrency exchange in 2017. Soon after that, they issued BNB as a native token for its ecosystem. One of the features that makes it original is BNB’s supply limit of 200 million and Binance’s regularly scheduled BNB “burns.” These are intended to halve…
The cryptocurrency market reached new heights in July as the total cap exceeded $4 trillion for the first time ever, led by bitcoin’s new peak above $123,000 and several altcoins’ rallies to ATHs, such as XRP and BNB. The past few days, though, have gone in the opposite direction, with many altcoins charting double-digit price…
As July closed out, Bitcoin suffered a notable pullback as it corrected to approximately $113K – a decline of several thousand dollars from mid-month highs north of $123K. Despite the setback, the market watchers remain bullish about the world’s largest crypto asset’s prospects for the year-end. $115K Now, $150K Soon? As Bitcoin mining enters the…
Visa continues its journey into the ever-evolving world of cryptocurrency and blockchain, adding support for more coins and chains to boost its versatility. Meanwhile, stablecoins remain one of the leading trends in adoption during this year. A Bit of Everything In a press release shared with investors, Visa, the world’s second-largest card payment organization, announced…
One of the many companies to convert to a BTC treasury has made adjustments to its already ambitious plans for accumulating the asset. The former hotel business has posted some impressive numbers since its transition, and it is maintaining this pace. The Issuance Strategy The publicly traded company, Metaplanet Inc., listed on the Tokyo Stock…
The cryptocurrency markets continue bleeding out today. Bitcoin’s price dropped to a low of slightly above $113,000 while the majority of altcoins are having it much worse, as it’s almost always the case. As seen in the chart below, the price has been in a freefall since wicking to $118,000 on July 31st and has…
Coinbase shares fell sharply after the company reported second-quarter earnings that missed expectations. Total revenue for the quarter came in at $1.5 billion, representing a 26% decline from the previous quarter. The shortfall was largely driven by weaker-than-expected transaction revenue, which fell 39% quarter-over-quarter to $764 million. Missing Expectations In the official release, Coinbase revealed…
Bitcoin (BTC) is coiled tighter than a spring, according to AI analysis of a critical technical indicator. Grok’s review of historical Bollinger Band squeezes suggests the current extreme compression could precede a parabolic surge, potentially echoing past gains exceeding 4,600%. The Squeeze Before the Storm The buzz started when author and podcast host Scott Melker…
Ethereum spot ETFs have recorded net positive flows for 20 consecutive trading days. This accumulation streak, highlighted by a $17 million net intake on July 31, stands in stark contrast to Bitcoin ETFs, which saw a $115 million exit on the same day, their first outflow after five days of gains. Institutional Appetite The latest…
Retail investors appear to be offloading Bitcoin, even as large Ethereum holders significantly increase their stash. This depicts a clear divergence in market behavior. Diverging Strategies On-chain data shared by CryptoQuant shows that the 7-day moving average of Bitcoin inflows from short-term holders (STHs) to Binance surged from around 10,000 BTC to over 36,000 BTC…