TLDR Binance CEO Richard Teng denies Binance’s role in selecting the USD1 stablecoin for MGX investment deal. Teng confirms MGX, not Binance, decided to use USD1 stablecoin for the $2 billion investment deal. Lawmakers raised concerns about potential political influence after Trump pardoned former Binance CEO. The USD1 stablecoin, tied to the Trump family, is [.] The post Binance CEO Denies Role in Trump Family-Backed Stablecoin Deal appeared first on Blockonomi.
Tag: cryptocurrency
When Will Bitcoin Reach Its Next All-Time High?
The post When Will Bitcoin Reach Its Next All-Time High? appeared com. Crypto News After a turbulent yet rewarding year for crypto investors, Bitcoin (BTC) remains the central topic of conversation. Following its recent consolidation around the $110,000-$115,000 range, traders and analysts are now asking the same question: when will Bitcoin reach its next all-time high? As the world’s largest cryptocurrency continues to mature, the answer depends on several overlapping factors from macroeconomic liquidity cycles to institutional inflows and on-chain fundamentals. But while Bitcoin’s next leg higher seems inevitable, the real story for investors might not lie in BTC’s next 50% move, but rather in the emerging opportunities building quietly in its shadow. One such opportunity is AlphaPepe (ALPE) a BNB Chain-based presale that has captured market attention with its rapid growth, transparent structure, and early-stage momentum. As Bitcoin grinds toward a potential new peak, AlphaPepe is offering what many analysts are calling the best asymmetric play for the next bull cycle. Bitcoin’s Current Setup: Strong Foundations, Slower Pace Bitcoin has entered what analysts describe as a “high-confidence, low-volatility phase.” After multiple attempts to break through $130,000, the asset has retraced slightly but remains structurally bullish. Its consolidation between $108,000 and $115,000 represents a classic mid-cycle pause a breather before the next possible move toward price discovery. Several factors are supporting Bitcoin’s resilience: Institutional inflows remain robust. Spot Bitcoin ETFs have seen steady net inflows since their approval earlier this year. Pension funds, family offices, and hedge funds are gradually increasing exposure, adding long-term stability to the asset’s price floor. Post-halving supply pressure is building. With miner rewards cut in half, the available supply of new BTC continues to decrease. Historically, these supply crunches have preceded major bull runs as seen in 2017 and 2021 when reduced issuance meets growing demand. On-chain data remains bullish. Wallet accumulation.
Bitwise Updates XRP ETF Application With NYSE Listing
The post Bitwise Updates XRP ETF Applicaticom. Key Points: Key Point 1 Key Point 2 Key Point 3 On November 1st, Bitwise updated its XRP ETF application, adding New York Stock Exchange details and a 0. 34% management fee as final steps in the approval process. These updates suggest imminent SEC approval, potentially enhancing institutional investment in XRP and impacting digital asset markets broadly. Bitwise Eyes SEC Verdict on XRP ETF This Quarter Bitwise Asset Management has made significant moves by updating its XRP ETF filing. The updated application includes a listing on the New York Stock Exchange and details a management fee of 0. 34%. These actions signify the final phases required for a potentially successful SEC approval. “These are typically the final key steps that need to be completed in the ETF application process,” said Eric Balchunas, ETF Analyst, Bloomberg. This updated filing indicates an imminent decision from the SEC. Should the application be accepted, it would mark a substantial development in the cryptocurrency industry. Market analysts predict this could initiate a fresh wave of institutional investment into XRP. Responses have been notable within the investment community. Matt Hougan, Bitwise CIO, expressed optimism stating, an XRP ETF would quickly attract substantial assets, as quoted by major sources. SEC Commissioner, noted that a positive decision could signal openness to new ETF structures. XRP ETF Approval Could Influence Market Liquidity Did you know? XRP-based ETFs often see strong initial demand, as demonstrated by the Rex-Osprey XRP ETF, which reached $100 million in AUM within six weeks of launch. XRP, trading at $2. 50, holds a market cap of $150. 26 billion and a 4. 07% dominance. CoinMarketCap reports a 24-hour volume of $4. 50 billion, marking a 25. 34% decrease. Price fluctuations over the past 90 days show a 10. 26% drop. XRP(XRP), daily chart, screenshot on CoinMarketCap at 01: 02 UTC on November 1,.
Binance Maintains Dominance In Bitcoin Futures Market; Records $1.88-T In Trading Volume
While Bitcoin’s price action points to a relative scarcity of spot activity, recent on-chain data reveals an increasingly dynamic atmosphere within its futures market, especially on the Binance network. Related Reading: Bitcoin October Slump: Fourth Worst On Record Since 2013, Per Fortune Analysis Binance Dominates Futures Market As Trader Sentiment Sees Structural Shift In a recent post on the CryptoQuant platform, crypto education institution XWIN Research Japan shares insights into developments in the Bitcoin futures market, with their key focus being the Binance network. According to the research institution, the world’s leading crypto exchange is maintaining its reputation after reaching its record high of $1. 88 trillion in trading volume. At the same time, the trader sentiment within Bitcoin’s futures market evidently appears to be undergoing a transition, with data from the Bitcoin: Futures Taker CVD (Cumulative Volume Delta, 90-Day) informing the supposition. For context, this metric tracks the net difference between taker buy volume and taker sell volume over 90 days, revealing if the traders in the futures market are predominantly adding to its buying pressure or contributing to its selling pressure. XWIN Research points out that as of the middle of 2025, Bitcoin’s taker buy volume dominated the futures market, as most traders accumulated positions. This period of accumulation, notes the analyst, was seen as the flagship cryptocurrency climbed above $100, 000. However, from late August to the present, there has been a re-emergence of taker sell pressure, signaling the predominance of profit takers in the market. Related Reading: Ethereum Support Band Under Pressure Can Bulls Revive Momentum From $3,700? What This Means For Price Contrary to what this structural shift might be interpreted as, the educational institution explains that the market seems instead to be becoming more mature. A typical mature market, as XWIN Research points out, is one where the market participants manage their exposure, rather than chase any or all price spikes. The reappearance of taker sell pressure therefore signifies a growing inclination among traders to protect their gains nested within the $110, 000-$115, 000 price range. Historically, this kind of “moderation” has often been a sign of long-term strength. Binance’s $1. 88 trillion in trading volume also lends credence to this view, as it reveals the presence of solid institutional confidence in the cryptocurrency’s long-term growth. Aside from institutional backing, this trading volume also puts into perspective the width of global participation in the Bitcoin derivatives market. In the long run, the Bitcoin market could be in the early phases of a sustained and long-lasting expansion. At press time, Bitcoin is worth approximately $110, 110. The premier cryptocurrency shows a slight growth of 0. 40% in 24 hours. Also reflecting the online asset’s sideways movement is its net loss of 1. 36% over the past seven days. Featured image from iStock, chart from Tradingview.
Tether’s T3 FCU Freezes $300M in Illicit Funds, Including USDT, Enhancing Crypto Regulation Efforts
The post Tether’s T3 FCU Freezes $300M in Illicit Funds, Including USDT, Enhancing Crypto Regulaticom. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → The T3 Financial Crime Unit, supported by Tether Limited, froze $300 million in illicit funds during its inaugural year, showcasing effective collaboration between public and private sectors to combat crypto-related crimes. The unit partnered with law enforcement in 23 jurisdictions to target activities like hacks, scams, and money laundering. Key operations included Brazil’s Operation Lusocoin, freezing over R$3 billion in assets linked to criminal networks. In the US, $83 million was seized across 37 cases, highlighting stablecoins’ role in 39% of illegal goods and services transactions. Discover how the T3 Financial Crime Unit froze $300 million in illegal crypto funds. Learn about global partnerships, key operations, and the future of self-regulation in stablecoins. Stay informed on crypto security advancements today. What is the T3 Financial Crime Unit and Its $300 Million Milestone? The T3 Financial Crime Unit is a collaborative initiative between Tether Limited and international law enforcement agencies aimed at disrupting illicit financial activities in the cryptocurrency space. In its first year, the unit successfully froze $300 million in illegal funds, demonstrating the potential for stablecoin issuers to.
Experienced Analyst Issues Warning for Bitcoin in November – Also Provides a Date to Pay Particular Attention To
The post Experienced Analyst Issues Warning for Bitcoin in November Also Provides a Date to Pay Particular Attenticom. Cryptocurrency analyst Timothy Peterson, in his statement on his social media account, warned investors about the risk of a possible decline by drawing attention to November for Bitcoin. Peterson noted that Bitcoin’s price action over the past four months has been highly similar to that of 2011, 2014, 2018, and 2022. The analyst said the sharp declines experienced in November during these years indicate a historically recurring “seasonal risk.” “The price action is 91%, 90%, 92%, and 82% correlated with previous years,” Peterson said. “In most of these periods, Bitcoin experienced heavy losses in November.” The analyst specifically highlighted the period around November 8th, stating that Bitcoin has historically experienced declines around this date, coinciding with the “30th percentile price path.” He also argued that the second and third weeks of November have been challenging for Bitcoin over the past four years, and that this is no coincidence. Peterson said that downside risk is not only associated with technical but also macroeconomic factors: “Mid-November is the period when companies announce their third-quarter earnings and revised earnings expectations for next year. Lowering expectations usually leads to a flight from risky assets, and this is reflected in Bitcoin.” The analyst also highlighted significant past events. The 2018 crypto winter began in November, and the FTX crash occurred on November 8, 2022. The first signs of the Mt. Gox scandal also emerged in November 2013. “Markets have been jittery in recent weeks, with the VIX rising and stocks selling off sharply in the face of weak earnings. It appears the market is looking for a sell signal,” Peterson concluded. *This is not investment advice. account now for exclusive news, analytics and on-chain data! Source:.
Here are the top trending coins right now – ZEC, TRUMP, AI16Z
The post Here are the top trending coins right now ZEC, TRUMP, AI16Z appeared com. Key Takeaways Why are Zcash and Trump Coin dominating today’s market narratives? Zcash thrives on privacy demand, while Trump Coin rallies on political speculation and volume growth. What’s fueling ai16z’s explosive rise amid market uncertainty? AI innovation, Solana expansion, and massive trading volume drive ai16z’s sharp price rally. The cryptocurrency market has entered a narrative-driven phase, where privacy, politics, and artificial intelligence are capturing investors’ attention. Zcash [ZEC], Official Trump’s [TRUMP], and ai16Z [AI16Z] are the top trending assets, each powered by distinct catalysts, from privacy-driven demand to AI innovation. High 24-hour trading volumes and rapid price rebounds show that thematic narratives are actively influencing investor sentiment, even in the face of overall market uncertainty. Zcash rallies within an ascending channel! ZEC maintains its bullish structure and was trading around $383 at the time of writing. The coin was consolidating within a clear ascending channel that has held since early October. Meanwhile, buyers have consistently defended the $373 midline, showing strong interest as privacy coins regain relevance in 2025’s regulatory environment. The next resistance sits at $437, marking the upper boundary of the pattern. Technically, the momentum remains intact as ZEC forms higher lows alongside expanding trading volumes. Additionally, the rising demand for private transactions, driven by a noticeable surge in shielded activity, reinforces the coin’s resilience. Moreover, anticipation around Zcash’s upcoming halving event continues to strengthen its scarcity appeal. If bullish pressure persists, the current setup could propel ZEC toward a decisive breakout above $437. 04, as of writing, following a major volume spike of over $2. 5 billion. The token’s chart displays a clear, rounded-bottom formation, indicating a potential bullish reversal within the $5. 67-$7. 13 accumulation zone.
Tron Founder Justin Sun’s Net Worth Revealed
The post Tron Founder Justin Sun’s Net Worth Revealed appeared com. Justin Sun, one of the most controversial names in the cryptocurrency world, is again on the agenda with his wealth as of 2025. Sun, founder of TRON, CEO of BitTorrent, and majority shareholder of exchanges HTX (formerly Huobi) and Poloniex, controls a multi-billion dollar fortune with both on-chain and off-chain assets. A comprehensive analysis by analytics platform Arkham Intelligence estimates Sun’s net worth to be between $5 billion and $8 billion, based on both his holdings in verified crypto wallets and his holdings on exchanges. A significant portion of Sun’s wealth is tied to the cryptocurrency exchanges he owns. HTX, in particular, stands out as a significant factor in Sun’s overall wealth. The company’s average daily trading volume of $3. 4 billion translates to an annual volume of approximately $1. 2 trillion. This suggests HTX’s market capitalization could be between $6 billion and $10 billion. Given Sun’s large stock market holdings, this investment is thought to account for the majority of his wealth. Poloniex, on the other hand, is smaller, with a daily trading volume of around $1 billion and a total value estimated at $150-200 million. According to Arkham’s data, Sun’s verified on-chain assets exceed $2. 1 billion. This portfolio includes approximately $600 million in TRX, $400 million in Bitcoin, and investments in various stablecoins and DeFi protocols. It’s also been reported that Sun may be linked to 142 wallet addresses; if these wallets are verified as his, his total wealth could reach much higher levels. Some sources, notably Bloomberg, estimate Sun’s net worth much higher, around $12. 5 billion. However, due to the high volatility of crypto asset prices and the lack of transparency surrounding off-chain investments, this estimate is difficult to verify. Sun’s wealth is closely tied to the TRON ecosystem, which he founded. The TRON network, which he launched in.
He Tossed a Hard Drive with $1 Billion Worth of Bitcoin Into the Dump. Inside His All-Or Nothing Hunt For His Lost Treasure.
Computer engineer James Howells made the mistake of a lifetime. Now he’s counting on tech to save him.
Changpeng Zhao Clarifies Binance’s BNB Ownership Details
The post Changpeng Zhao Clarifies Binance’s BNB Ownership Details appeared com. Key Points: Changpeng Zhao dispels rumors about his BNB holdings and trading behavior. Market fears eased with transparency. No major price shifts in BNB after the clarification. Changpeng Zhao addressed rumors on October 30 by confirming on X that his BNB holdings were self-purchased, not distributed, to reassure Binance’s community amid scrutiny. Zhao Affirms Personal Investment in BNB Holdings Zhao’s announcement responds to community speculation about his involvement with BNB, proactively clarifying that his holdings were acquired through personal investment. In a short statement on Twitter, he emphasized his lack of involvement in any distribution of these tokens. Changpeng Zhao stated, “I have never ‘sold’ BNB (except for BNB used for consumption). In addition, my BNB was not obtained through distribution, but was purchased with my own money in the early days.” Regulatory pressures and previous leadership transitions have placed Binance under closer scrutiny, amplifying public interest in Zhao’s declarations. Immediate market impacts were minimal, with BNB prices reflecting stability post-announcement. Investors responded positively, perceiving the statement as a move towards increased transparency. No significant fluctuations have been observed regarding BNB’s on-chain activity, suggesting stabilizing investor sentiment. Community feedback has praised Zhao’s transparency, noting the positive implications for trust in Binance’s ecosystem. Financial analysts have echoed similar sentiments, suggesting the move may reinforce Binance’s efforts to distance itself from any appearances of centralization within its tokenomics. According to CoinMarketCap, the BNB price is $1,114. 06 with a market cap of “153. 45 billion” and a 4. 09% market dominance. Its 24-hour trading volume is $4. 26 billion, reflecting a minor daily decrease of 0. 59%. In the last 90 days, BNB has seen a 43. 58% increase, highlighting rising investor confidence and positioning it.