As inflation hits 229%, stablecoins like USDt are overtaking Venezuela’s bolívar for everyday payments, from groceries to salaries. Stablecoins like USDt have become the de facto currency for millions of people navigating a crumbling financial system in Venezuela as the country’s annual inflation rate surges to 229%. Once limited to crypto-savvy users, Tether’s USDt , often…
Read more
Crypto derivatives volumes surged across major exchanges last month, with Binance leading at $2.55 trillion. Crypto derivatives trading volumes on the Binance exchange surged to six-month highs in July, signaling increased trading activity and potentially more volatility in the wake of recent market swings. Binance futures trading volumes hit $2.55 trillion in July, the highest…
Read more
Soaring stablecoin reserves at Binance, falling Bitcoin dominance and a bullish chart pattern point to a possible altseason starting in the bottom half of 2025. Key takeaways: USDT and USDC balances on Binance hit a record $31 billion in June 2025. One analyst sees the reserve build-up as a “brewing liquidity explosion,” with investors waiting…
Read more
Binance CEO Richard Teng says that crypto markets generally ”bounce back with remarkable resilience” after volatility due to macroeconomic events. The crypto market’s drop after US President Donald Trump confirmed that tariffs on Canada and Mexico are going forward is only short-term and likely won’t last long, says Binance CEO Richard Teng. “It’s important to…
Read more
A crypto analyst says the rising altcoin trading volumes on Binance signals “confidence in the potential for an altcoin bull market in 2025.” Altcoin trading volume dominance on crypto exchange Binance has hit 78%, a level that a crypto analyst says points to strong potential for an altcoin bull market in 2025. “With retail interest…
Read more
Bitcoin reserves on Binance have fallen under 570,000 BTC, the lowest level since January. Will history repeat itself? Bitcoin reserves on Binance, the world’s largest crypto exchange by trading volume, have dropped to levels not seen since January 2024, just two months before Bitcoin’s price skyrocketed 90% in March. If Bitcoin follows the same pattern…
Read more
Institutional investors have played a large role in Binance’s $24.2 billion net inflows so far in 2024. Cryptocurrency exchange Binance racked up over $24 billion in inflows from user deposits so far in 2024, according to data from DefiLlama. In a blog where Binance said its inflows were higher than 10 exchanges combined, Binance said the “growth…
Read more
Binance CMO Rachel Conlan says that “community feedback and input” are important factors for crypto exchanges when deciding which cryptocurrencies to list, though nothing is “guaranteed.” The surge in memecoin popularity in recent times has added extra pressure on crypto exchanges to weed out questionable projects and protect users, according to a crypto exchange executive.…
Read more
One legal expert says if the class action lawsuit progresses, it could put the “efficacy of blockchain analytics itself” on trial. Binance and its former CEO Changpeng Zhao (CZ) are facing a new class action lawsuit from three crypto investors who say they couldn’t recover their stolen assets because the exchange failed to prevent money…
Read more
Binance has assured its users that their funds are safe after Venezuela cut off access to the exchange and social media platform X. Venezuela’s government has blocked access to crypto exchange Binance, social media platform X and other online services amid unrest over disputed presidential election results. On Aug. 9, local anti-censorship organization VE sin…
Read more
