Stablecoin reserves hit $45B on exchanges – What it means for Bitcoin investors
Bitcoin’s [BTC] recent price rally has reignited discussions around market dynamics, particularly Binance’s massive stablecoin reserves and their role in fueling bullish sentiment. As of December 31, these reserves soared to an impressive $44.5 billion, signaling significant buying potential that could further propel BTC upward. At the time of writing, Bitcoin was trading at $93,592.03, […]
Solana adds $1B worth of stablecoins in December
Solana experienced a remarkable $1 billion increase in stablecoin value throughout December, with the majority of the inflow attributed to USD Coin (USDC), according to data from DefiLlama. This growth underscores the rapid adoption of stablecoins and highlights Solana’s emergence as a key player in decentralized finance (DeFi) during 2024. The Solana network now boasts […]
Binance Bitcoin Reserves Return to January Levels
Bitcoin reserves on Binance, the world’s largest cryptocurrency exchange by volume, have fallen to levels not seen since January 2024. Notably, this occurred just two months before Bitcoin’s value soared by 90% in March of the same year. If Bitcoin mirrors this pattern again, starting from its current price of $98,680, it could potentially climb […]
Binance Records $24 Billion in Inflows from 250M Users in 2024
Global cryptocurrency platform Binance has amassed over $24 billion in user deposits throughout 2024, according to data compiled by DefiLlama. In a recent update, Binance highlighted its inflows outpacing the combined total of 10 rival exchanges. The company attributed this remarkable growth to increased global interest in cryptocurrencies, fueled by regulatory breakthroughs, record-setting price movements, […]
Changpeng Zhao Predicts China’s Inevitable Move to Establish a Bitcoin Reserve
Former Binance CEO Changpeng “CZ” Zhao suggested that China might eventually establish a strategic Bitcoin reserve, potentially following the lead of the incoming United States presidential administration. Speaking at the Bitcoin MENA conference in Abu Dhabi on Dec. 9, Zhao predicted that smaller countries would likely adopt Bitcoin reserves first, but emphasized that China’s approach […]
Bitcoin Surge Predicted to Persist Through 2025 — Analyst
Bitcoin has achieved a significant milestone, surpassing the $100,000 mark for the first time on Dec. 6, marking a historic moment in the cryptocurrency’s journey. This remarkable rise comes despite lackluster performance across traditional markets. Over the past month, Bitcoin’s value climbed by 32%, contrasting sharply with declines in other key assets such as oil, […]
Binance Dominates Bitcoin Deposits Among Crypto Exchanges in 2024
Cryptocurrency exchanges have experienced a significant surge in average deposits in 2024, largely driven by increased participation from institutional and corporate investors. A report from CryptoQuant on Dec. 3 reveals that Binance has led the way in Bitcoin deposits, with its average daily deposit rising by 2.77 BTC over the course of the year. This […]
Bitcoin Completes Month Unlike Any Other
Bitcoin has achieved a remarkable milestone, delivering its largest-ever monthly price increase and smashing records along the way. Data from TradingView reveals that November saw an unprecedented monthly price gain of $26,400, marking the single largest candle in Bitcoin’s history. The monthly close came in at approximately $96,400, establishing a new all-time high for BTC/USD. […]
Five Tokens Plummet 40% Following Binance Delisting
Leading cryptocurrency exchange Binance has announced plans to remove five digital assets from its trading platform by mid-December, citing non-compliance with its internal standards. In a statement released on Nov. 26, Binance revealed that trading pairs for Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN) would no longer be available starting Dec. […]
Ex-Binance Executives Introduce Euro Stablecoin Aligned with MiCA Regulations
As Europe moves toward the final enforcement deadline for the Markets in Crypto-Assets Regulation (MiCA) by the end of this year, a new euro-backed stablecoin is preparing to make its debut in the market. Schuman Financial, a newly founded cryptocurrency company established by former Binance executives, including Martin Bruncko and Eduardo Morrison, has officially launched […]