BNB Fumbles at $33, Binance Get Sued and More News from the Exchange 13
Quick summary: Binance Coin (BNB) has corrected to the $28 level after a local peak of $33.38 The pullback happened immediately CZ tweeted about the new peak value Bella Protocol (BEL) trading commences today Binance has canceled the listing of BTT/USDT perpetual contract The exchange has listed SWRV, LTCUP, LTCDOWN...
Bitcoin Derivatives Exchanges to Have a Separate Page on Coinmarketcap 15
In brief:  Early this month, Coinmarketcap changed the algorithm used to rank crypto exchanges.  The changes saw Bitmex, ByBit, and Deribit ranked 175th, 177th, and 179th respectively.  The team at Coinmarketcap has explained that a separate page for derivative platforms will be added soon. There is no doubt that the...
BTC Bulls Are Back? On-chain Indicators Point to Short-Term Rally 16
BTC recorded its highest daily active address count on 2 August. The recent increase in network activity, surge in loss-making transactions, and growing negative sentiment are all indicators of a short-term price rally for Bitcoin. The number of daily active addresses that trade Bitcoin [BTC] has surged in August, reaching...
Filecoin Sets New ATH of $222 as Grayscale Buys $6.3M FIL in 24 Hrs 19
In brief: Filecoin (FIL) has set a new all-time high of  $222.69 -Binance rate Filecoin is now ranked 9th on Coinmarketcap after edging out Litecoin Filecoin is in overbought territory and a retracement to $200 or lower look plausible However, institutional interest through Grayscale could send it higher Yesterday, Grayscale...
BNB Chain User Activity Soars in Q2, Despite SEC Regulatory Pressure 25
According to Messari’s new report, user activity climbed on BNB Chain in the year’s second quarter. Daily active address count went up by 26% as daily transactions also grew. However, due to the negative impact of SEC’s regulator activity against Binance, BNB experienced a decline. Within the 90-day period between...
ChainLink (LINK) Ranked the Top DeFi Project on Coinmarketcap 26
In summary: The team at Coinmarketcap has continued to add new features on the site since the acquisition by Binance.  The latest is a DeFi ranking that has ChainLink ranked first in DeFi projects.  The team at Weiss Ratings is of a similar opinion that LINK will lie at the...
Cardano Whales Steadily Accumulating $ADA Despite Price Drop 27
Cardano sharks and whales have continued to buy the token despite the fall in its price. Traders continue to sell heavily in intraday trading sessions. Following significant coin distribution between February 2021 and May 2022, Cardano [ADA] investors that hold over 100,000 ADA coins have again begun accumulating the crypto...