Ethereum open interest cooled hard on Binance in July 2026 as OKX spot volume jumped to its strongest level in months. Something in Ethereum’s order books on Binance thinned out hard on July 6, and it took most of the market a full day to notice. The exchange’s derivatives desk had just logged one of […]
The post Binance Ethereum Bets Vanish While OKX Traders Pile Back In appeared first on Live Bitcoin News.
The post Binance CEO Says MiCA Is Backfiring as EU Users Move Beyond Regulators’ Reach appeared on BitcoinEthereumNews.com.
Binance co-CEO Richard Teng says the EU’s Markets in Crypto-Assets (MiCA) rules are backfiring, with most departing users moving funds into self-custody rather than to licensed rivals. Speaking at the Reuters NEXT Asia summit in Singapore, Teng said 70% of funds withdrawn by affected EU users went to self-hosted wallets. Only 30% moved to platforms licensed under the new regime. Binance Withdrew its MiCA Bid Before the July Deadline Binance stopped serving new EU customers on July 1 after pulling its MiCA license application in Greece in late June. Teng said the approval was repeatedly delayed without explanation, so the company withdrew to avoid a rushed transition for users. The exit forced existing customers to decide where to move their balances, and it coincided with its heaviest weekly outflows in more than three years. Binance’s own data on those flows now
The post XRP Futures Open Interest on Binance Falls to Three-Month Low at 397M appeared on BitcoinEthereumNews.com.
XRP News XRP futures open interest on Binance has fallen to roughly 397 million XRP, its lowest reading in more than three months, as the token changes hands near $1.09. Derivatives open-interest data shows the contraction reflects deleveraging, with traders trimming or closing leveraged positions rather than adding fresh exposure. Falling open interest alongside soft prices typically signals a cooling appetite for leveraged bets on the altcoin. Analysts frame the move as a slowdown in derivatives activity rather than an outright bearish verdict, describing the phase as repositioning while participants wait for a clearer directional signal across the XRP market. While the derivatives picture cools, spot metrics tell a contrasting story. On-chain data shows the XRP Binance scarcity index has climbed to 0.77, its highest level in more than two years. The gauge measures how
The post Binance Ethereum Bets Vanish While OKX Traders Pile Back In appeared on BitcoinEthereumNews.com.
Ethereum open interest cooled hard on Binance in July 2026 as OKX spot volume jumped to its strongest level in months. Something in Ethereum’s order books on Binance thinned out hard on July 6, and it took most of the market a full day to notice. The exchange’s derivatives desk had just logged one of its quietest positioning readings in nearly two years. Nobody framed it as a crash, because it wasn’t one in the usual sense. It just showed up buried inside a 30-day rolling gauge, the kind of chart traders glance at and scroll past without much thought. Leverage had been building for months on the exchange. Something eventually had to give. A Number Nobody Rang a Bell For Binance’s Ethereum 30-day open interest change fell to negative 594,000 ETH on July 6, according to a CryptoQuant quicktake credited to on-chain analyst Amr Taha. That reading marked the steepest contraction on the
The post Ethereum news: Robinhood chain hits $568M in trading frenzy, benefitting Arbitrum appeared on BitcoinEthereumNews.com.
Digital broker Robinhood’s new chain is off to a flying start, and the benefits are trickling to Ethereum-based network Arbitrum. The native token of Arbitrum (ARB) jumped 19% over the past 24 hours, making it the best-performing asset in the top 100 cryptocurrency, according to CoinDesk data. Bitcoin BTC$63,272.24 edged 1.5% higher to trade above $63,000, while ether (ETH) was up 0.5% in an otherwise muted day. The gains came as Robinhood Chain, built on top of Arbitrum’s technology stack and rolled out to the broader public a week ago, processed over $568 million in daily trading volume on Wednesday and logged over $350 million so far on Thursday, according to blockchain data from Entropy Advisors. Much of that activity was driven by a burst of memecoin trading, while stablecoin balances on the network also climbed quickly above $260 million within its first
The post Ethereum Institutional Nonprofit Launches With 500 Bank Relationships appeared on BitcoinEthereumNews.com.
Ethereum News Ethereum gained a dedicated institutional gateway this week as Ethereum Institutional, a newly launched nonprofit built to guide banks and asset managers through the network, formally opened its doors. The organization positions itself as a neutral counterpart for enterprises exploring Ethereum, connecting them with developers and infrastructure providers without promoting any single company or product. Its founders say they cultivated roughly 500 institutional relationships over the past year, with recurring feedback that the sprawling ecosystem — home to thousands of teams — feels overwhelming to newcomers. The nonprofit intends to act as a front door for tokenization, digital-asset infrastructure and stablecoin use cases across traditional finance. Robinhood Chain, a Layer-2 network that settles its security back to Ethereum, moved from testnet to full pr
The post CZ Compares Binance KYC With Hyperliquid Model appeared on BitcoinEthereumNews.com.
CZ says Binance’s weak KYC led to prison while Hyperliquid runs no-KYC smart contracts under a different trading model. Binance founder Changpeng Zhao, known as CZ, discussed Hyperliquid in a June 29 interview with The Block. He praised its market design but noted clear differences from centralized exchanges. CZ said Hyperliquid uses smart contracts without standard identity checks for users. He compared that model with Binance’s past compliance problems. He said he went to prison over Binance’s weak KYC controls. Meanwhile, he noted that Hyperliquid operates without KYC. His comments have renewed debate around exchange rules, user freedom, and decentralized trading. The discussion also places Hyperliquid’s control structure under market attention. CZ Compares Binance and Hyperliquid CZ said Hyperliquid has introduced useful ideas for on-chain trading. However, he said its model differs from B
The post Ethereum Institutional Launches As New Nonprofit Bridge To Wall Street appeared on BitcoinEthereumNews.com.
Bitcoin ETFs drew the headlines, but the bigger shift on Wall Street is still taking shape behind closed doors. Banks that tentatively warmed to crypto via regulated funds are now being asked a harder question: what do they actually understand about the protocols beneath the tickers? A new nonprofit called Ethereum Institutional aims to answer that. The organization, the original report shows, is stepping into a gap that the industry has often left to consultants and sell-side pitches — direct, neutral education for financial institutions about Ethereum’s mechanics, risks, and use cases. That gap is not trivial. The same cohort of institutions that poured into spot Bitcoin products has been slower to engage with Ethereum beyond speculative exposure. Smart contracts, staking dynamics, L2 fragmentation, and MEV are not exactly standard curriculum on a trading floor. Ethere
