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Declining Demand for Binance's BUSD Represents New Chapter in Stablecoin Wars
The largest crypto exchange’s binance USD stablecoin endured $5.5 billion net redemptions in a month amid concerns about Binance. Top rivals USDT and USDC picked up market share.
Binance Controlled 92% of Bitcoin Spot Trading Volume at End of 2022: Arcane Research
A move during the summer to eliminate bitcoin trading fees and the collapse of rival exchange FTX pushed more investors to the Binance platform.
Crypto Markets Start Year on Positive Note After Horrendous 2022
The governance token of the Lido decentralized autonomous organization surged 26% so far in 2023, while bitcoin and ether have held steady after last year's steep losses. Some 142 assets of 163 assets in the CoinDesk Market Index are trading higher in the new year.
Solana Tokens Continue Steep Slide While Major Cryptos Stay Flat
SOL has dropped nearly 8% in the past 24 hours, adding to a 20% slide over the past week.
Crypto Firm Orthogonal Trading Said to Be in Provisional Liquidation After Maple Defaults
Orthogonal defaulted on $36 million of loans on DeFi protocol Maple earlier this month after it allegedly misrepresented the scale of its losses from the FTX implosion.
Guggenheim's Scott Minerd, Fickle Bitcoin Forecaster, Dies After Heart Attack
Among Wall Street financiers, Minerd was known for his extreme predictions of the largest cryptocurrency's price, often with mixed success.
DeFi Project Popsicle’s ICE Token Triples as Controversial Wonderland Founder Returns
The sudden price surge of Popsicle’s ICE native token coincided with the controversial blockchain developer Daniele Sestagalli revealing his return to rebuild the project.
Bitcoin Trades Sideways as Stocks Get Pre-Holiday Bounce
The largest cryptocurrency by market capitalization has been moving sideways in a range between $16,700 and $16,900 in the past 24 hours as traders grappled with an uncertain market outlook for next year.
EU Rules for Distributed Ledger Financial Trading Finalized Ahead of March Pilot
Requirements to test people's knowledge of distributed technology could deter the average retail investor, some worry.
Coinbase Introduces Recovery Tool for Lost ERC-20 Tokens: Report
Users will be able to recover more than 4,000 as-yet unsupported Ethereum-based tokens starting in a few weeks, according to TechCrunch.
