The Binance CEO, Richard Teng, recently announced that Binance experienced record inflows and one of its highest trading volumes in the face of a jittery market. Amidst the macroeconomic climate and a market downturn on August 5th, Binance saw a net inflow of $1.2 billion in just 24 hours. This information was sourced from DefiLlama’s
Market
The cryptocurrency market recently experienced a significant dip, with the total market capitalization falling below $2 trillion and wiping out $500 billion within a week. Bitcoin dropped below $50,000, and Ethereum saw a 23% decline in just one day, falling below $2,200. However, despite this sharp decline, the total market cap has since rebounded by
The recent cryptocurrency market turmoil has sent shockwaves through the industry, with Bitcoin and Ethereum experiencing significant drops in value, each plummeting over 20% in just 24 hours. This rapid sell-off has left investors reeling and searching for answers as to what triggered such a drastic downturn in the market. At the center of this
Following a significant market crash that caused Ethereum to plummet by 23% in less than 24 hours, U.S. spot Ethereum ETFs experienced a notable increase in inflows. On August 5, there was an aggregate inflow of $49 million into the nine recently launched spot ETH ETFs. This surge marked the second-highest inflow day since the
In a period marked by a deep plunge in the overall crypto market, Cardano (ADA) has managed to stand out with its resilience and growth in on-chain activity. Despite the global crypto market cap falling to $2.5 trillion from $2.7 trillion in May, Cardano has shown notable progress. The Cardano foundation reports an increase in
Jan van Eck, the CEO of VanEck, has made headlines with his bold prediction that Bitcoin could skyrocket to an astounding $350,000. This optimistic outlook is based on the comparison of Bitcoin’s adoption rate to that of gold. Van Eck, a key player in the world of Spot Bitcoin ETFs, believes that the cryptocurrency market
Laguna Games and Crypto Unicorns DAO have recently made a joint decision to shut down the Unicorn Party, a series of games based on the intellectual property of Crypto Unicorns. This decision comes after a governance council meeting held on the 22nd of July 2024, where it was unanimously agreed to cease funding for the
The Abu Dhabi Blockchain Center has been unveiled as a symbol of the region’s dedication to driving innovation and growth within the entire Web3 ecosystem. This new center is poised to position Abu Dhabi as a global leader in blockchain technology and innovation, providing a platform for startups, enterprises, and academic institutions to thrive. The
Being introduced to the world of cryptocurrency over two years ago was not Opeyemi’s initial plan, but it quickly captivated his interest and became his primary focus. He thrives on unraveling the complexities of blockchain technology and staying informed about the latest trends in the digital asset industry. Spending hours analyzing price charts and connecting
Marathon Digital (MARA) recently reported second-quarter revenue of $145.1 million, which fell short of Wall Street’s forecast by approximately 9%. The company attributed this revenue miss to several operational challenges such as unexpected equipment failures, transmission line maintenance, an increased global hash rate, and the impact of the recent halving event on the mining sector.