Binance CEO Changpeng Zhao plays up KOLs as BNB price suffers aftermath of regulatory scrutiny
Binance CEO Changpeng Zhao (CZ) remains steadfast, relentlessly fighting negative publicity about his firm, both substantiated and unsubstantiated. His efforts have intensified this year as Binance Exchange has come into the spotlight with the US Securities and Exchange Commission (SEC) clamping down on exchanges.
LINK trading volume skyrockets 160%, price shoots 10% as Chainlink activates CCIP for DeFi-TradFi bridge
Chainlink (LINK) price is bullish, defying current bearishness in the crypto market as Bitcoin (BTC) fails to provide direction. The token’s stats are flashing green on CoinMarketCap, suggesting optimism in the LINK market. It comes amid a new network development poised to meet users where Decentralized Finance (DeFi) and Traditional Finance (TradFi) intersect.
SEC Chair Gary Gensler resurfaces as Judge Torres refers Ripple case for general pre-trial under Sarah Netburn
XRP price continues with a bearish bias, pulling toward the negative side of an otherwise neutral technical formation. The move is unorthodox, considering a recent development that has inspired a new wave of optimism among Ripple community members. In a related development Chair of the US Securities and Exchange Commission (SEC) has resurfaced publicly for the first time since Judge Torres' ruling, saying he is disappointed about the court's decision.
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The circulating supply of ALT, WLD and ID will see a hike next week, with over $200 million unlocks in sight. All tokens involved in upcoming unlocks are up in the past 24 hours. ALT will see the highest unlock share, with $115 million worth of new tokens entering circulation.
Why these altcoins may not rise despite Ethereum ETF impact
Altcoins market cap against Ethereum has been on a multi-year decline. Ethereum has outperformed several altcoins despite wider market assumptions that they provide leveraged exposure to its price. 2x long ETH could yield better results than purchasing altcoins ahead of the Ethereum ETF launch, said analyst.
Institutions anticipate potential Tuesday Ethereum ETF launch after making strategic moves
Grayscale lowered its Ethereum Mini Trust fees to 0.15% in a bid to reduce potential outflows from ETHE when ETH ETFs go live. Galaxy Digital increased its staked Ethereum assets to $3.3 billion after acquiring CryptoManufaktur, reveals CoinDesk.
Binance to begin investing customer fiat funds in US Treasuries
Binance received court approval on Friday, allowing it to invest certain customers' fiat funds in US Treasury bills. Following the announcement, the BNB token saw a 5% rise as crypto community members debated the potential impact of this approval on Ethena's USDe token.
Bitcoin: Will BTC continue its bullish momentum?
Bitcoin (BTC) price increased by 5.5% this week until Friday after breaking above a descending trendline. Currently, it is trading slightly higher by 0.23% at $64,166.