Tag: Binance

Onchain Data Shows Rising Bitcoin Whale Index Surpassing 4-Year High

Onchain Data Shows Rising Bitcoin Whale Index Surpassing 4-Year High

Onchain analytics from the research and analysis firm Glassnode shows that the number of bitcoin whales (addresses with at least 1,000 bitcoins) has surpassed 1,900 clusters. The number of network participants in terms of 1,000 coin whales hasn’t been this high since 2016. Seven-day trailing statistics for the number of whales (addresses with balance ≥ […]

Continue Reading

LINK Update: Binance-Incubated Injective Protocol Collaborates with Chainlink [LINK]

Despite an impressive performance by several DeFi tokens in the month of September, Chainlink, which supplies data feeds to DeFi systems, witnessed its LINK token drop nearly 50% month to date. The famous oracle token went on to become the worst return among digital assets for that month. However, Chainlink has made some crucial collaborations […]

Continue Reading

Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 Million

Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 Million

Decentralized finance (defi protocol) Harvest Finance was hacked on Monday for $24 million. The attacker targeted the protocol’s liquidity pools, performing an arbitrage attack using a large flash loan – a type of uncollatarized loan – but later returned $2.5 million. In seven minutes, the hack was complete. Harvest Finance revealed that the hacker “manipulated […]

Continue Reading

Decentralized protocol Kyber launches new framework to facilitate on-chain market making

Decentralized protocol Kyber launches new framework to facilitate on-chain market making

Decentralized liquidity protocol Kyber Network has launched a new framework that it says will enable on-chain market making, the company announced Thursday.  According to the announcement, the KyberPRO end-to-end framework is the first of its kind will allow market makers, crypto token teams, and developers to more seamlessly enter the decentralized finance (DeFi) space by […]

Continue Reading

Binance Bitcoin Futures Markets Clock Highest 24h Volumes as Institutions Go Long

Binance Bitcoin Futures Markets Clock Highest 24h Volumes as Institutions Go Long

With bitcoin’s latest rally beyond the $13,000 mark, it seems like the next bull market is here. It can be seen from BTC markets that have been on fire for the last 7 days, including derivatives. The latest data shows that bitcoin futures markets on Binance have clocked the highest 24h BTC futures volumes amongst […]

Continue Reading

CME’s Bitcoin Futures Rise Suggests Institutional Investors Are Starting to Swarm Toward Crypto

CME’s Bitcoin Futures Rise Suggests Institutional Investors Are Starting to Swarm Toward Crypto

The Chicago Mercantile Exchange (CME) has become the second-largest derivatives market for bitcoin futures in terms of open interest. The popular exchange has seen an influx of demand since the recent Paypal announcement and the Bitmex debacle as well. Data shows that the Bitcoin Mercantile Exchange (Bitmex) open interest for bitcoin futures has taken a […]

Continue Reading

CME quietly surpasses BitMEX to become second-largest bitcoin futures exchange

CME quietly surpasses BitMEX to become second-largest bitcoin futures exchange

CME Group, a regulated bitcoin futures trading platform, has quietly become the second-largest player, surpassing Binance and BitMEX. Yesterday, CME recorded an open interest of $790 million as compared to $718 million by Binance and $601 million by BitMEX, according to The Block Research. Open interest in the value of outstanding derivative contracts that are […]

Continue Reading

Binance Smart Chain Unique Addresses Nears 250K in Less Than 2 Months

The Malta-based crypto-exchange Binance is now at the forefront of the DeFi wave despite being a hardcore centralized entity. One of the main initiatives that have helped bolster this is Binance Smart Chain [BSC]. In the latest milestone, the decentralized public blockchain appeared to be nearing $250K in terms of the total number of distinct […]

Continue Reading