Binance

The outlook for Binance Coin (BNB) has turned cloudy, with both futures market data and technical indicators flashing bearish signals. Based on our analysis of Coinglass data, negative funding rates and declining open interest in BNB futures contracts paint a picture of growing pessimism among traders. A negative funding rate suggests that more traders are holding short positions, anticipating a decline in the price of the asset. This sentiment was confirmed on April 1st, when BNB’s funding rate dipped into…

The post Solana (SOL), Pullix (PLX) and Binance Coin (BNB) To Lead The Biggest Bull Run In History appeared first on Coinpedia Fintech News Solana (SOL), Binance Coin (BNB), and the newcomer Pullix (PLX) are some of the crypto coins in the spotlight at the moment. Notably, Solana has witnessed a robust price surge, leading analysts to speculate on its potential to achieve new highs. Meanwhile, Binance Coin continues to exhibit resilience amid stiff competition, driven by strategic investments from…

The post Ethena Pumps 57% Following Binance Listing – Could These New Coins List Next? appeared first on Coinpedia Fintech News The newly launched Ethena token (ENA) has seen a whopping 57% surge after it went live on Binance on Tuesday. Ethena is a decentralized finance (DeFi) protocol that offers a yield-earning stablecoin USDe. The stablecoin’s market cap has also exploded recently, currently at $1.89 billion. The ENA governance token launched via an airdrop, with 5% of its total supply…

Floki Inu (FLOKI) skyrockets by 487% monthly due to Binance Pay integration and token burning program. With over 12 million users, Binance Pay allows global transactions with Floki Inu, boosting its value.  Floki Inu (FLOKI) has experienced a remarkable surge in value in recent weeks, which comes from significant developments, including integrating with Binance Pay and implementing an aggressive token-burning program. These strategic moves have propelled Floki Inu into the spotlight, solidifying its position as a contender in the competitive…

The post Did Binance Labs Dump STEPN? GMT Price Plunges After Token Transfer appeared first on Coinpedia Fintech News The crypto world witnessed a sharp downturn as the price of STEPN (GMT), the backbone of a popular move-to-earn app, took a nosedive. This sudden drop came after Binance Labs, the venture capital arm of crypto giant Binance, moved a whopping 9 million GMT tokens. The community feared a sell-off, leading to a 14% plunge in GMT’s value. But what exactly…

The post Binance Burns Over 4 Billion Terra Luna Classic Tokens appeared first on Coinpedia Fintech News In a significant development for the cryptocurrency market, Binance, the world’s largest crypto exchange, has announced the burning of 4.17 billion Terra Luna Classic (LUNC) tokens. This move underscores Binance’s commitment to bolstering the Terra Luna Classic ecosystem and marks a milestone in the ongoing evolution of the crypto industry. Binance’s Token Burn Event The crypto community saw one of the biggest token…

The post HKVAEX Fallout: Exploring the Connection to Binance and Regulatory Concerns appeared first on Coinpedia Fintech News Recent revelations by Wu Blockchain have sent shockwaves through the cryptocurrency community, unveiling the abrupt closure of the Hong Kong exchange HKVAEX. Suspected to be affiliated with Binance, HKVAEX announced its permanent closure, prompting all users to withdraw their assets before April 30. Timeline of Events According to reports, HKVAEX submitted a license application to the Hong Kong Securities and Futures Commission…

Stellar (XLM) and Ripple (XRP) hold strong positions and their investors are always looking for new projects to invest in. Enter Fezoo (FEZ), a decentralized exchange (DEX) that's captivating the attention of Stellar (XLM) and Ripple (XRP) communities. Here's why investors from these ecosystems are going to Fezoo (FEZ), and how this new platform could challenge the dominance of centralized exchanges (CEXs) like OKX and Binance. Stellar (XLM) Investors Shift To Fezoo (FEZ) Fezoo (FEZ) provides a platform for trading…

Tigran Gambaryan, a top executive at Binance, has taken legal action against the Office of the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC) in Nigeria. According to a Reuters report, Gambaryan, an American citizen, has filed a Fundamental Rights suit alleging wrongful detention by Nigerian authorities. Unjust Detention and Court Orders Gambaryan’s lawyer, T.J. Krukrubo SAN, presented the case before the Federal High Court in Abuja, revealing that his client’s detention is being used by…