Binance Records $1.5 Billion Stablecoin Net Inflow Amid Highly Reactive Market
Recent on-chain data indicate the Binance exchange has registered a high volatility in stablecoin inflows in recent days. This observation can be linked to the general market’s choppiness during this period, driven by Bitcoin’s price movements.…
Ethereum’s Estimated Leverage Ratio Has Dropped To A Value Of 0.57
Ethereum’s derivatives market on Binance has an Estimated Leverage Ratio (ELR) that has dropped sharply from recent highs, signalling that traders are pulling back from highly leveraged positions. This move comes even as the ETH price holds near the…
Circle and Binance Partner to Boost USDC in Middle East
In a significant move to enhance the global adoption of digital assets, Circle and Binance have announced a strategic partnership aimed at boosting the use of USD Coin (USDC). This collaboration is expected to expand USDC’s utility across multiple…
Bitcoin drops below $57,000, a sharp 6.25% decline
In a startling turn of events, Bitcoin’s value plummeted by 6.25%, breaching the $56,830 threshold. This sharp decline comes at a critical juncture, mere hours before the U.S. Federal Open Market Committee (FOMC) is set to announce its policy decision.…