ZkSync, the Ethereum Zero-Knowledge Layer-2 scaling solution, has been in the spotlight for its new token. Last week, the project’s announcement of its ZK token airdrop was met with backlash from investors and the crypto community. Related Reading Following the backlash, crypto exchange Binance announced it would list ZK and offered a new distribution program…
Recently, BNB (BNB) broke out of the consolidation area, indicating a potential significant upward trend. The fact that the token has risen beyond the $700 mark suggests that the market is recovering strongly and that traders and investors are becoming more optimistic. BNB has increased noticeably by 12% in the last 24 hours, carrying on…
BNB, the native cryptocurrency of the BSC network, has undoubtedly been one of the winning altcoins scene the bull market began. The price has been able to go from around $200 to over $600 in the space of a year, notching over 200% gains in the process. However, it seems that this outperformance by the…
A quant has explained how there appears to be a relationship between Coinbase’s spot volume dominance vs. Binance’s and the Bitcoin price. Bitcoin Has Been Reacting To Binance/Coinbase Volume Changes In a CryptoQuant Quicktake post, an analyst discussed the dynamics in the cryptocurrency market that arise out of the battle happening between Binance and Coinbase…
In the world of cryptocurrencies, the allure of obtaining digital assets at no cost is a powerful draw. Airdrops, a concept as intriguing as it sounds, serve as one of the primary methods through which crypto projects distribute their tokens freely to a broad audience. These events not only enrich individual portfolios but also enhance…
On-chain data shows PEPE whales have moved large amounts of the memecoin during the past day. Here’s where these tokens have been heading. PEPE Whales Have Been Active On The Network Today According to data from the cryptocurrency transaction tracker service Whale Alert, two large PEPE transactions have occurred in the space of a few…
In a significant development for the crypto industry, Changpeng Zhao, commonly known as CZ, the founder of Binance, the world’s largest cryptocurrency exchange, has been imprisoned for four months. The sentencing follows his guilty plea to charges related to enabling money laundering activities within his crypto exchange. The verdict was delivered in Seattle federal court…
The Binance Smart Chain (BNB Chain), developed by the world’s largest cryptocurrency exchange by trading volume, Binance, experienced significant growth and performance in the first quarter (Q1) of 2024. As highlighted in a recent report by Messari, Binance Smart Chain has surged in market cap, revenue, average daily active addresses, decentralized finance (DeFi), total value…
While Bitcoin struggles to extend gains, on-chain data shared by Ki Young Ju, the founder of CryptoQuant, on X shows increased movement of old coins. As the Bitcoin Average Dormancy chart shows, this trend recently hit a 13-year high. More Old Whales Moving Coins The Bitcoin Average Dormancy shows the average number of days each BTC has…
The price of BNB hasn’t fallen below its previous low, and it’s showing some strong signs of heading up. After a spell of moving downward, the Binance Smart Chain’s native token is aiming for an upward bounce back towards its earlier high. Technical Indicators Point Toward Sustained Uptrend For BNB To figure out where the…