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...
BNB Turns Bullish on Coin Burn, 3yr Anniv. Live Event & Binance Card 14
Quick take: Binance Coin is experiencing a resurgence in the crypto markets.  The bullishness of BNB comes days before the Binance Live Conference celebrating the exchange’s 3yr anniversary.  The team at Binance has also hinted at a BNB coin burn in the near future. Additionally, the Binance Card is in...
BTC Bulls Are Back? On-chain Indicators Point to Short-Term Rally 18
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...
Cardano Whales Steadily Accumulating $ADA Despite Price Drop 19
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...
ChainLink (LINK) Ranked the Top DeFi Project on Coinmarketcap 21
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...
Curve 3pool Sees Increased Outflows Since hack 25
The stablecoins that makeup Curve’s 3pool have seen increased outflows since the hack. The demand for CRV continues to fall, putting downward pressure on price. In the aftermath of Curve’s reentrancy exploit of July 30, 3pool, one of the decentralized exchange’s (DEX) prominent liquidity pools, continue to experience capital flight,...
Filecoin Sets New ATH of $222 as Grayscale Buys $6.3M FIL in 24 Hrs 26
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...
Huobi, Binance & Bitmex Top the BTC Derivatives Market Rankings on CMC 29
In summary: Coinmarketcap has followed through on its promise to rank Bitcoin derivatives markets on a separate page. Huobi, Binance and Bitmex are in the top 3 positions respectively. ByBit and OKEx come in fourth and fifth. The 24-hour volume of the Bitcoin derivatives markets indicate that leveraged trading is...