Latest news with #BinanceFutures
Economic Times
2 days ago
- Business
- Economic Times
Cryptocurrency Live News & Updates : Bitcoin Drops Amid Trump's Iran Comments
In recent developments, Bitcoin experienced a notable decline following comments from former President Donald Trump regarding Iran's supreme leader, which heightened geopolitical tensions. The cryptocurrency fell sharply before recovering slightly, reflecting a broader weakening of crypto sentiment as indicated by the Fear & Greed Index. Meanwhile, Gemini has taken a stand against the CFTC, alleging misconduct in a prolonged legal battle stemming from a 2022 lawsuit. The exchange claims the CFTC's actions were driven by personal ambition rather than public interest. In the derivatives market, Binance Futures is set to launch new perpetual contracts, MYXUSDT and FUSDT, with significant leverage options, catering to rising interest in decentralized finance. Additionally, Bitcoin traders are closely monitoring the Federal Reserve's upcoming dot plot, which could influence market dynamics, especially if the Fed signals fewer rate cuts than expected. Lastly, Ark Invest has sold a substantial amount of Circle shares following the Senate's approval of the GENIUS Act, which aims to regulate stablecoin issuers, indicating a strategic shift in their investment approach. Bitcoin's price fell from $104,310 to $103,553 after Trump labeled Iran's supreme leader an 'easy target,' raising geopolitical tensions. The Fear & Greed Index also dipped to neutral, with analysts warning of a potential drop below $100,000. Bitcoin Drops Amid Trump's Iran Comments Bitcoin's price fell from $104,310 to $103,553 after Trump labeled Iran's supreme leader an 'easy target,' raising geopolitical tensions. The Fear & Greed Index also dipped to neutral, with analysts warning of a potential drop below $100,000. Gemini Accuses CFTC of Misconduct in Probe Gemini has lodged a complaint against the CFTC, claiming the agency's seven-year investigation is unfounded and driven by personal ambition rather than public interest. Binance Futures Introduces MYXUSDT and FUSDT Contracts Binance Futures will launch MYXUSDT and FUSDT perpetual contracts on June 18, offering up to 50x leverage and settling in USDT. Bitcoin Traders Focus on Fed's Dot Plot Insights Traders are anticipating the Federal Reserve's dot plot for future market direction, despite expectations of steady interest rates at 4.25%–4.50%. A hawkish outlook could pressure Bitcoin prices, while a dovish surprise may reignite momentum. Ark Invest Divests $45M in Circle Shares Post-GENIUS Act Ark Invest sold 300,108 shares of Circle Internet Group for $44.7 million following the Senate's approval of the GENIUS Act, which regulates stablecoin issuers. Feniix Energy Acquires $75 Million Assets via Blockchain Feniix Energy has successfully acquired $75 million in oil and gas assets through blockchain tokenization, utilizing Global Settlement's GSX protocol for instant settlement and transparency. Binance Halts IoTeX Transactions for Upgrade Binance will temporarily suspend IoTeX (IOTX) network deposits and withdrawals starting June 19, 2025, to implement a network upgrade and hard fork aimed at improving user experience. SHIB Long Positions Liquidated Amid Bearish Sentiment The SHIB long/short ratio has fallen to 0.9298, indicating a bearish trend, with over $1.8 million in long positions liquidated since June 12. Despite a 10% price drop this week, SHIB holds key support at $0.00001100, with signs of a potential bullish reversal. Vanadi Coffee Boosts Bitcoin Holdings by 20 Coins Spanish coffee chain Vanadi Coffee has increased its Bitcoin reserves by 20 coins, bringing its total to 30 Bitcoins. JustLend DAO's TVL Exceeds $6.19 Billion JustLend DAO, a prominent DeFi platform in the TRON ecosystem, has surpassed a total value locked (TVL) of $6.19 billion, with over $123 million in funding and a user base exceeding 471,000. Accumulator Strategy Beats DCA for Bitcoin Investment Research by OrBit Markets reveals that the accumulator strategy has outperformed dollar-cost averaging (DCA) for Bitcoin over the past 2.5 years, offering lower acquisition costs, particularly for corporate and long-term investors. DeFi Lenders Approach $60B in Assets Amid Growth A report reveals that the total value locked in DeFi lending protocols is nearing $60 billion, driven by institutional participation and the integration of DeFi into user-facing applications. Onyxcoin Sees 11% Price Drop: Causes Explained Onyxcoin's price dropped 10.98% from $0.01421 to $0.01319, likely due to broader market weakness and technical factors, though it has since partially recovered to $0.01339. New York Officials Bust Crypto Scam Targeting Russians New York authorities have disrupted a cryptocurrency scam aimed at the Russian community, recovering $140,000 and freezing $300,000 in stolen assets. The investigation revealed scammers used fake investment ads on social media to deceive victims, resulting in over $1 million in losses. XRP Falls 5% Amidst Heavy Selling Pressure XRP experienced a 4.5% decline in 24 hours, dropping from $2.254 to $2.164 due to increased sell pressure and macroeconomic uncertainties. Concerns Raised Over South Korean Won Stablecoin South Korean Central Bank Governor Rhee Chang-yong expressed reservations about a won-backed stablecoin, citing potential complications in foreign exchange management and the need for central bank regulation. SUI Experiences Volatility; Trading Volume Increases SUI faced a volatile trading day, fluctuating 7.3% between $2.71 and $2.92, ultimately closing at $2.78. Trading volume surged 11% above the 30-day average, indicating strong market participation during this reversal. DOJ Moves to Seize $225M from Crypto Scams The U.S. Department of Justice has initiated action to forfeit over $225 million in cryptocurrency linked to extensive pig butchering scams, primarily involving Tether (USDT). Ethereum's Institutional Capital Surge Cannot Be Overlooked Ethereum has seen significant institutional capital inflows, including a $425 million allocation from SharpLink Gaming, yet trader confidence remains low as ETH struggles to break out of consolidation. Crypto Funding Rates Indicate Bearish Market Sentiment Funding rates on major exchanges reveal a neutral to slightly bearish sentiment in the market, with many cryptocurrencies showing rates below the bullish threshold of 0.01%. U.S. Jobless Claims Data to Release Tonight The U.S. Department of Labor will publish initial jobless claims for the week ending June 14 at 16:30 UTC+4, a key indicator of labor market health that can influence market volatility. Fixing the Flaws in the GENIUS Bill The Senate's GENIUS Act aims to regulate stablecoins, but faces criticism for potential inefficiencies and redundancy. Experts advocate for the Federal Reserve as the sole regulator to streamline oversight. Coinbase Launches USDC Payment Solution on Shopify Coinbase has introduced a new stablecoin payment infrastructure that enables Shopify merchants to accept USDC transactions seamlessly, enhancing the integration of traditional commerce with blockchain technology. Bitcoin Tests 50-Day Support; XRP Faces Bearish Risks Bitcoin's price has revisited its 50-day simple moving average, which has historically provided support. A failure to maintain this level could trigger a drop below $100,000, while XRP is showing signs of a potential bearish shift. Ethereum (ETH) Hits 2,500 USDT with Minor Dip As of June 18, 2025, Ethereum has surpassed the 2,500 USDT mark, currently trading at 2,506.92 USDT, reflecting a slight 0.33% decrease over the past 24 hours. Powell: Labor Market Cooling Not a Concern Federal Reserve Chair Jerome Powell stated that the gradual cooling of the labor market is not alarming, citing strong participation and healthy wage growth as positive indicators. BNB Chain Launches Access-Fi for Web3 Monetization BNB Chain has unveiled Access-Fi, a new social finance initiative designed to monetize Web3 content, enhancing interactions among creators, KOLs, and fans through projects like Reach Me and Pieverse. U.S. Jobless Claims Hold Steady Mid-June Initial unemployment claims in the U.S. for the week ending June 14 remained at 245,000, aligning with expectations, while continuing claims slightly exceeded forecasts at 1.945 million. UNI Surges 70% Since April Lows, Up 24% Monthly UNI has increased by 1.56% in the last 24 hours, currently trading at $7.4671 after a 70% rise from its April low of $4.551, marking seven weekly gains in eight weeks. Bitcoin (BTC) Falls Below 104,000 USDT As of June 18, 2025, Bitcoin has dipped below 104,000 USDT, currently trading at 103,951.51 USDT, reflecting a 1.43% decline over the past 24 hours. Lion Group Holding Unveils $600M HYPE Treasury Plan Lion Group Holding Ltd announces a $600 million initiative to establish a treasury strategy focused on Hyperliquid (HYPE), following a similar $50 million commitment from Eyenovia. Powell Addresses Tariff Effects on Economy Federal Reserve Chair Jerome Powell indicated that the effects of tariffs will vary based on their levels, warning that recent tariff hikes could pressure economic activity and fuel inflation. BNB Falls Below 640 USDT Amid Market Decline As of June 18, 2025, BNB has dipped below 640 USDT, currently trading at 639.53 USDT, reflecting a 2.23% decrease over the last 24 hours. BlackRock's $2.9B Fund Accepted as Collateral on Crypto Platforms The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is now accepted as collateral on and Deribit, allowing institutional traders to leverage their positions while earning yield on the underlying assets. Justin Sun and Trump: A Billion-Dollar Crypto Alliance Tron's reverse merger with SRM Entertainment, valued at $210 million, highlights Justin Sun's strategy and the influence of Donald Trump's network on market perception. Ethereum Holds Steady at $2.5K Amid Market Volatility Ethereum remains resilient at the $2,500 support level, showing a consolidation pattern as traders anticipate a potential 'golden cross' on the charts. Fed Maintains Rates, Predicts Slower Growth and Inflation Bitcoin's price remains stable as the U.S. Federal Reserve holds interest rates steady at 4.25%-4.50%, revising growth and inflation forecasts downward. Fed Officials Split on 2025 Rate Cuts The Federal Reserve's dot plot shows a divide among officials on interest rate cuts for 2025, with seven opposing cuts, while others propose reductions ranging from 25 to 75 basis points.
Cision Canada
02-06-2025
- Business
- Cision Canada
Binance Traders League Returns with $6 Million Prize Pool and New Enhancements including Regional Competitions and Trader's Passport
Binance's global flagship trading event introduces Trader's Passport for users to track their performance across competitions and new Regional Categories to promote friendly competition DUBAI, UAE, June 2, 2025 /CNW/ -- Binance, the global blockchain ecosystem trusted by over 270 million users worldwide, is excited to announce Binance Traders League Season 2 with a prize pool of up to $6 million. Traders League is Binance's flagship trading competition where traders from around the world go head-to-head for crypto rewards and is a fun and engaging way to celebrate our users and for them to connect. Pre-registration starts today, from 2 to 8 June 2025, and the trading activity period will run from 9 June to 6 July 2025. Users can enjoy enhanced solo and team competitions across spot and futures, a refreshed landing page featuring shareable widgets, a trader's "Passport" to track their performance across competitions, and a new and exciting regional competition category. Rachel Conlan, CMO at Binance, shared, "We are introducing a number of new features in Traders League Season 2, such as regional teams to promote camaraderie and a Trader's Passport for users to track their personal achievements across competitions. The variety of competition categories and tasks ensures there will always be a category and activity for every user regardless of their experience levels. Binance Traders League provides a platform for traders from around the world to exchange their knowledge and is a rewarding way to connect." One of the new highlights of Traders League will see users who register automatically be part of a regional team based on their KYC location to compete for prizes, as well as be automatically added to their region's open solo competition categories. The available regions are Asia, CIS & Europe, LATAM, Africa, and MENA. Overview of Traders League competitions and prize pool: Spot Traders League - total prize pool of up to $1.8 million Comprising Solo ROI Competition and Team PnL Competition Users eligibility: All verified regular and VIP 1-6 users, except liquidity providers Eligible trading pairs: All trading pairs except zero fees trading pairs Futures Traders League - total prize pool of up to $3 million Comprising Solo ROI Competition and Team PnL Competition Bonus rewards for new Binance Futures users Users eligibility: All verified regular and VIP 1-6 users, excluding market makers. Eligible trading pairs: All USDⓈ-M contracts and COIN-M contracts on Binance Futures Side Tasks, Regional ROI Competitions and Side Quests - total prize pool of $1.2 million Side Tasks with a prize pool of $1 million Regional ROI Competition prize pool of $100k Affiliates Booster prize pool of $50k Trading Live Showdown prize pool of $50k — where Futures trading content creators can stream their strategy on Binance Square to grow their audience and compete for prizes For more information and terms and conditions, visit the Binance Traders League here. Disclaimer: The products and services referred to herein may be restricted in certain jurisdictions or regions or to certain users, in accordance with applicable legal and regulatory requirements. These materials are intended only for those users who are permitted to access and receive the products and services referred to and are not intended for users to whom restrictions apply. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.
Yahoo
30-05-2025
- Business
- Yahoo
Binance Futures List HYPE Token Amid Feverish Trading Activity in Hyperliquid
Binance Futures listed HYPE, the native token of rival derivatives exchange HyperLiquid, on Friday. HYPE rose by 77.5% over the past 30 days as it made its way into the 15 largest cryptocurrencies by market cap. The Binance listing is a USD-margined perpetual contact that offers up to 75x leverage. Prominent trader and HyperLiquid supporter Flood said on X that the first exchange that lists HYPE spot markets will make "$100 million in fees" in the first year. HYPE was unmoved by the announcement; it is down by 4.3% over the past 24 hours in line with a wider crypto market slump. HyperLiquid notched $11 billion in perpetual trading volume during the same period as it rapidly emerges as this cycle's decentralized derivatives exchange of choice. Binance futures, meanwhile, remains the largest centralized exchange with $91 billion in trading volume over the past 24 hours, according to CoinMarketCap. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
24-05-2025
- Business
- Business Mayor
World's Top Crypto Exchange by Trading Volume Announces Upcoming Support for Consumer-Focused Altcoin on Binance Alpha
The world's largest crypto exchange by trading volume is announcing upcoming support for an entertainment altcoin on its early-access platform. In a new announcement, Binance says it's adding support for Sophon (SOPH), an interoperable layer-2 scaling solution made for the entertainment industry, on Binance Alpha, a feature of the Binance Wallet which launched in December 2024 that lets users discover emerging web3 projects before they gain mainstream popularity. 'Binance is excited to announce that Sophon (SOPH) will open for trading on Binance Alpha starting 2025-05-28 13:00 (UTC). In addition, Binance Futures will launch SOPHUSDT Perpetual Contract with up to 50x leverage at 2025-05-28 13:30 (UTC).' Sophon aims to create mainstream uses for blockchain technology by integrating it into everyday events, such as gaming. 'Sophon is an innovative ZK (zero-knowledge) chain built on the ZKsync Elastic Chain vision, designed to become the hub of consumer crypto by creating engaging, accessible, and widely-used applications that extend beyond the existing crypto-native audience. As a Validium-based Layer 2 solution, Sophon leverages advanced blockchain technology to offer higher throughput, low transaction fees, and seamless interoperability with other ZK chains, all while maintaining the security of the Ethereum mainnet.' Zero-knowledge proofs allow one party to prove that a cryptographic statement is true without disclosing any additional information. SOPH, the project's native token used to pay gas fees and reward validators, has yet to launch but is slated to debut next week. Follow us on X, Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action
Yahoo
21-04-2025
- Business
- Yahoo
Binance Announces Availability of Balance (EPT) on Alpha and Future
Binance has announced the upcoming availability of Balance (EPT) for trading on its Alpha platform, set to begin on April 21, 2025, at noon UTC. Concurrently, Binance Futures will introduce the EPTUSDT Perpetual Contract, which allows for leverage of up to 20x, starting at 1 p.m. UTC on the same day. Binance is the first platform to announce the listing of EPT for both Futures and Alpha trading. To celebrate this launch, Binance will distribute an airdrop of 3,500 EPT tokens to eligible users who have a purchasing history on Binance Alpha. These tokens will be credited to accounts before 12:10 p.m. UTC on April 21, 2025. Eligibility for the airdrop is limited to users who made purchases on Binance Alpha using Spot or Funding accounts between April 11, 2025, and April 17, 2025. The EPTUSDT Perpetual Contract will be settled in USDT, with a funding rate capped at +2.00%/-2.00%. Funding fees will be settled every four hours, and the contract will be available for trading 24/7. Binance has stated that Multi-Assets Mode will be supported, allowing users to trade using various margin assets, including BTC, subject to applicable haircuts. Market conditions may prompt Binance to adjust several parameters of the perpetual contract, including funding fees and leverage. Additionally, the contract will be available for Futures Copy Trading within 24 hours of its launch. It is important to note that the listing of EPT on Binance Futures does not guarantee its availability on Binance Spot. Users are advised to refer to the original English announcement for the most accurate information, as discrepancies may exist between translated versions.
