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The post Binance aims for 3 billion users by 2030 amid a market it says is going through hard times appeared on BitcoinEthereumNews.com. The crypto market is struggling, competitors are either passing through hard times or pivoting to other areas, while Binance is building with eyes on increasing its active user base ten-fold to 3 billion by 2030, Catherine Chen, the head of VIP and Institutional told CoinDesk in an interview. “It is true, the market is going through a hard time,” Chen said. “There is still some regulatory development, we are seeing some of our competitors either struggling or perhaps shifting their focus.” Coinbase, for example, recently reduced its workforce by 14% or nearly 700 staffers, citing negative market conditions as well as AI challenges, part of a wave of crypto employee layoffs this year. As BTC faces resistance to reclaim the psychological six-figure mark over $100,000, a level it has not seen since mid-November, the broader market seeks sustainable growt
Read full articleThe anticipation of Binance's new product highlights the growing intersection of traditional finance and crypto, potentially reshaping market dynamics. The post BNB, Aster surge double digits ahead of Binance’s Monday product reveal appeared first on Crypto Briefing.
The post Wall Street’s trillion-dollar dilemma: Why AI-powered hackers are keeping big banks off the blockchain appeared on BitcoinEthereumNews.com. Traditional financial institutions are preparing to move trillions of dollars of assets onchain, but the risk of hacks and exploits is putting them off, according to blockchain security firm CertiK’s CEO Ronghui Gu. “Right now, more and more institutions are trying to move assets onchain,” Gu told CoinDesk in an interview. “They imagine that, let’s say in 10 years, multiple trillion dollars — even tens of trillions of dollars — of assets are going to move onchain.” The potentially massive migration of financial assets is hitting a wall because, although bankers and legacy institutions want to capture the efficiency of decentralized ledgers, the current operational reality is still too risky for conservative capital allocators. “When they move assets onchain, they need to face all these AI attacks, smart contract vulnerabilities, oracle man
The post SKY whale moves 137 mln tokens: Is a sell-off coming as price struggles near $0.060? appeared on BitcoinEthereumNews.com. With the SKY market remaining relatively calm, long-term holders have begun to reposition. According to Arkham data, an address linked to dragonfly_xyz transferred 137 million SKY, worth $9.05 million, to Coinbase. These tokens were purchased from Binance five years ago, valued at approximately $20.45 million. Source: Arkham Since then, SKY has faced extreme downward pressure. Now, these tokens have lost over $11.4 million in value. The token transfer to exchanges could either mean preparation to sell or liquidity exposure. If sold, the sale would result not only in $11 million in losses for the holder but also cause significant market pressure on SKY. SKY remains highly bearish In addition to this major market transfer, most of the SKY market participants remain skeptical. On Binance, for example, sellers have dominated the market over the past month. So
The post BNB Price Prediction: Binance Coin Targets $760 After Explosive Breakout Above Key $700 Resistance appeared on BitcoinEthereumNews.com. Binance Coin (BNB) has regained momentum after breaking above the closely watched $700 resistance level, fueled by renewed market optimism surrounding a forthcoming Binance announcement and improving technical conditions across multiple timeframes. The rally pushed BNB more than 10% higher in a short period, drawing attention from traders who have been monitoring the asset’s prolonged consolidation range. While analysts remain cautious about predicting future price movements, the breakout has shifted focus toward higher resistance zones, with $760 emerging as the next major level on the charts. Binance Announcement Hype Coincides With Technical Breakout The latest move came shortly after Binance teased an undisclosed product reveal scheduled for June 1, 2026. The announcement sparked speculation across the crypto market and coincided with a sh
The post On-Chain Data Suggests XRP Still Overvalued Despite Weak Price Action — More Pain For Bulls? appeared on BitcoinEthereumNews.com. Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part – in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activit
The crypto market seems to be returning to its bearish structure as the year’s second quarter has worn on, with large-cap assets taking most of the hit in the past few weeks. With this grim market backdrop, the XRP token has lost nearly 10% of its value over the last two weeks. What’s interesting is, despite its disappointing recent form, the altcoin is being earmarked as one of the assets overvalued by the market in the moment. According to the latest on-chain data, the XRP token could witness a repricing over the coming weeks. NVT Ratio Climbs 20% In A Single Week In a Quicktake post on the CryptoQuant platform, CryptoOnchain hypothesized that XRP appears to have entered the “overvalued” territory. The market analyst said that the altcoin is exhibiting increasing divergence between its network’s market valuation and actual fundamental utility. Related Reading: Can Ethereum Reclaim Its 2021 Highs Against Bitcoin As Fundamentals Strengthen? This evaluation is based on significant chang
The $3.5 trillion-a-year crypto market maker said it is streaming two-sided quotes across event contracts on leading venues, including Polymarket and Kalshi, as monthly turnover passes $20 billion.
Cross-chain protocol Gravity Bridge was drained of roughly $5.4 million on May 30, with the attacker reportedly funneling part of the haul through Binance and Changenow, blockchain security firm Peckshield reported. Funds Routed Through Binance and ChangeNow Gravity Bridge, a protocol that moves tokens between Ethereum and the Cosmos ecosystem, lost about $5.4 million in […]
