Binance Coin
$BNB
14 Results
The U.S. Attorney General Merrick Garland and Treasury Secretary Janet Yellen are set to host a joint conference at 3pm EST to announce âseparate but related cryptocurrency enforcement actions.â It is believed they will announce a settlement of the DOJâs criminal case against Binance. Details of the settlement are already beginning to emerge. Binance founder Changpeng Zhao (CZ) has officially stepped down as CEO and is pleading guilty to anti-money...
U.S. equities are rising to start the week ahead of the Thanksgiving holiday. The SPX (+0.45%) is trading at $4,535, while the NDQ (+0.76%) is approaching $16,000. Investors will be watching Nvidiaâs earnings release tomorrow, potentially serving as a catalyst for AI-related names. Crypto markets are rising following news that the U.S. Justice Department is seeking $4 billion in penalties from Binance in exchange for settling its criminal case against the...
After another evening of crypto price weakness, the market is showing some near-term resilience, bouncing in tandem with equity and bond markets. BTC -1.63% has rebounded to above $26k after a momentary dip to $25.5k, and ETH -0.18% is seeking stability above $1,650 following a drop to $1,580 last night. Altcoins are at the forefront of the recovery, with standout performers including SUI, up over 10% after numerous short positions were liquidated,...
After a sharp downward move in equity indices following a blowout ADP report, the SPY 0.00% (+0.64%) and QQQ (+0.74%) have stabilized in Fridayâs trading, as the US nonfarm payrolls report showed 209k jobs added in June versus 230k expected. Crypto markets have shaken off negative headlines regarding key Binance executives exiting the firm amid claims they did not support Changpeng Zhaoâs (CZ) response to an ongoing DOJ investigation. CZ addressed...
Traditional markets are stumbling today as the National Bank of Canada unexpectedly raised interest rates by 25 bps, sparking fears that the U.S. will potentially follow suit. The SPX (-0.31%) failed to break through $4,300, while the NDQ (-1.36%) has taken a pause on its recent outperformance. Crypto markets are still digesting the repercussions of the SEC lawsuits against Binance and Coinbase, with BTC -1.63% (-3.15%) trading around $26.3k and ETH -0.18% ...
Block Completes Design for ASIC Chip and New Memecoin Enters Top 100 Largest Coins by Market Cap
Crypto had a choppy weekend, which concluded in prices falling last night. At the time of writing, BTC -1.63% is down 3.68%, and ETH -0.18% is down 2.15%. Altcoins were also down across the board, SOL -5.71% is down 4.75%, and ARB -6.71% is down 3.66%. An exception to this market correction is a new meme coin called PEPE which has rapidly made its way into the top 100 coins by market cap. PEPE...
Fundstrat’s recently launched Crypto Core Strategy offers subscribers a digestible tool to manage their crypto portfolio, with the goal of outperforming bitcoin. For those looking to amplify the returns of their long positions, this complementary issue of DeFi Digest strives to cast light on some of the best risk-adjusted yields. We first describe our methodology to filter for yield opportunities, then dive into the protocols offering the yields, and describe...
DCG UPDATE _LEVERAGE UNWIND RECAP_ Clearly, the most challenging part of analyzing cryptoassets this year has been the opaque parts – the lending, borrowing, trading, and siphoning of assets that have occurred off-chain. This year, we have seen a deleveraging event throughout the global crypto market spurred on by the centralized elements of crypto. First, we saw the de-pegging of UST and the incineration of $50 billion in market value...
Crypto and traditional markets rallied today after a softer-than-expected CPI print of 7.1% (the forecasted CPI was 7.3%). BTC -1.63% and ETH -0.18% are up 2.77% and 3.06%, respectively, and SPX and NDQ are up 0.59% and 0.83%. The US dollar (DXY) is down 0.88%. BNB 2.09% , the native coin of Binance Smart Chain and the Binance exchange, fell sharply last night amid concerns over the exchange's proof of reserves (which we discuss...
This is a big week for both legacy and crypto markets, as we are scheduled to get the last CPI print of the year tomorrow, followed by an expected 50 bps increase in rates following the FOMC meeting on Wednesday. Equity markets have inched higher, with the SPX up 0.5% and the QQQ up 0.3% at the time of writing. Meanwhile, the DXY and US 10Y are both about 15...
