Author: Digicoinvision
Join Our Telegram channel to stay up to date on breaking news coverage The price of BNB has pumped over 5% in the last 24 hours as US President Donald Trump defends his pardon for Binance founder Changpeng Zhao (CZ). Following the latest gain, BNB trades at $1,141.14 as of 1:00 a.m. EST, according to data from CoinMarketCap. BNB price (Source: CoinMarketCap) The altcoin is now more than 13% in the green on the monthly time frame, but is over 16% down from the all-time high (ATH) of $1,370.55 that was set on Oct. 13. Trump Pardons Binance’s CZ After…
Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 AssociationUS President Donald Trump’s recent pardon of Binance co-founder Changpeng “CZ” Zhou has grabbed headlines. Some commentators hail the move as a way to “clear CZ’s record and allow him to return to the industry,” but this misses the point that a presidential pardon is not an erasure of guilt. Judicial powers are, after all, only conferred upon the judiciary. Only a sitting judge holds the power and authority to overturn a conviction, acquit and restore innocence. In CZ’s and Binance’s case, the shortcut to clemency came about — not through judicial…
Join Our Telegram channel to stay up to date on breaking news coverage White House AI and Crypto Czar David Sacks says that the US is in an “excellent position” to pass key crypto market structure legislation, while Coinbase CEO Brian Armstrong believes that it will advance out of the Senate by Thanksgiving. Both Sacks and Armstrong have noted that there has been bipartisan support for the proposed legislation. Crypto Industry Could Soon Get “Much-Needed Regulatory Clarity” Sacks said on X that he had “productive meetings with leading Democratic members.” Following the meeting, he believes that the US could pass…
How an anonymous wallet profited from the crypto chaos An anonymous wallet (0xb317) on the Hyperliquid derivatives exchange reportedly earned a $192-million profit within just a few hours during a period of sharp market volatility.As Bitcoin (BTC) and Ether (ETH) prices fell sharply, many traders were hit with liquidations that erased more than $1 billion in leveraged positions. During the sell-off, one trader managed to time a short that paid off in a big way. Whether it was luck, timing or experience isn’t clear.The wallet’s timing, just minutes before a US tariff announcement that triggered the market drop, has fueled…
Unlike Bitcoin, the Ethereum price has struggled to hold up, and even after the crypto market recovery, the price remains below $4,000, which is a major psychological level. Given this, it seems that the cryptocurrency is set to close the month of October in the red, losing almost 5% of its value already this month. However, with the month of November quickly rolling by, the Ethereum price might be in for a bounce, as November has historically been green for the market. November Could Hold The Key For Ethereum Price Looking at the historical price data for Ethereum on the CryptoRank website,…
Join Our Telegram channel to stay up to date on breaking news coverage A Bitcoin whale wallet from the Satoshi Nakamoto era has moved funds after over 14 years of dormancy as BTC options open interest (OI) reaches a record high of $63 billion. Investors have yet to react to the whale’s awakening, with the Bitcoin price recording a more than 1% gain in the past 24 hours. Following the uptick, BTC trades at $111,001.95 as of 4:24 a.m. EST, data from CoinMarketCap shows. Bitcoin Whale Sends $16 Million In BTC Data from the on-chain tracking platform Nansen shows that…
Despite growing expectations of an imminent altcoin season, industry insiders are pointing to capital flowing back into Bitcoin and corporate cryptocurrency treasuries, raising doubts about the traditional crypto market cycle.Corporate digital assets treasuries (DATs) have drained about $800 billion worth of retail investor capital from the altcoin market, according to crypto market intelligence company 10x Research.“Liquidity, momentum, and conviction have all migrated elsewhere, leaving the altcoin market eerily quiet,” 10x Research wrote in a Friday blog post. “Our models show a decisive rotation back into Bitcoin, even as Korean retail traders, once the heart of altcoin speculation, shift their focus…
Join Our Telegram channel to stay up to date on breaking news coverage The Cathie Wood-backed Solana treasury firm Solmate Infrastructure saw its prices surge over 30% after the company announced its plans for an aggressive mergers and acquisitions (M&A) strategy and confirmed additional SOL buys at discounted prices. That’s as institutional adoption for Solana continues to grow, with Fidelity also recently rolling out Solana trading access for both retail and institutional clients. Solmate Infrastructure (SLMT), which rebranded from Brera Holdings, saw its share price reach an intraday high of $13 in the latest trading session. SLMT share price (Source:…
Key takeaways: Since 2024, spot ETF inflows and outflows have been the strongest driver of Bitcoin’s green and red days.With exchange balances near multi-year lows, any sizable order travels farther through the book.Large holders often split trades or use OTC desks, muting visible “wallet-moved” shocks.Funding rates, open interest, the dollar and yields often shape the day’s direction more than any single wallet.Everyone “knows” whales move Bitcoin (BTC), and they can still jolt prices.Since spot exchange-traded funds (ETFs) arrived, Bitcoin’s direction often hinges on ETF inflows and outflows. It also depends on how much tradable supply actually sits on exchanges, not on…
Join Our Telegram channel to stay up to date on breaking news coverage The Sui price edged down a fraction of a percentage over the last 24 hours to trade at $2.46 as of 4:00 a.m. EST on trading volume that plunged 21% to $843 million. That’s even as 21Shares updated its Sui exchange-traded fund (ETF) application with the US Securities and Exchange Commission (SEC). The firm filed a second amended S-1 for its spot Sui ETF application after the market close on Oct. 23. The issuer updated its Sui ETF with crucial information, but there is no mention of…