Summary Ethereum remains a strong buy due to its dominant position in stablecoin activity, which is set to accelerate under the new GENIUS Act. Stablecoin volume on Ethereum is projected to grow 15x by 2030, driving significant fee (gas) revenue and supporting long-term price appreciation. Current on-chain metrics, including MVRV, indicate Ethereum is undervalued with substantial upside potential as network activity increases. I recommend long-term investment in Ethereum, either directly or via ETFs like ETHA, to capitalize on institutional adoption and DeFi leadership. Introduction Since my first update on Ethereum back in April of this year (buy recommendation), the asset has appreciated 52.82% compared to 12.89% for the S&P 500 YTD. Today, we will analyse the asset again from the perspective of stablecoin activity as a catalyst for value and price appreciation. On 4 February 2025, the GENIUS bill (Guiding and Establishing National Innovation for US Stablecoins Act of 2025) was presented to the US Senate. Basically, this law establishes a federal framework for action and best practices for ‘Payment Stablecoins’ assets. It requires stablecoin issuers to comply with the Bank Secrecy Act, with the corresponding implementation of KYC procedures and transaction monitoring through the Travel Rule. The aim of this is to leverage blockchain technology at the transactional and transparency level to improve transaction efficiency and settlements, avoid surprises in collateral quality, and protect the end user. With this regulation, the cryptographic system has been provided with the ideal conditions for mass adoption based on trust and the entry of traditional financial players (see Visa , Mastercard , or JPMorgan ). In today's article, we will analyse Ethereum's asset from the perspective of stablecoin flow as a massive catalyst of value and compare it with other networks of the same type. Analysis - On - Chain With the GENIUS law currently in place, and also previously, the volume of tokenised money (stablecoins) has grown significantly to reach approximately USD 250 billion. With the approval of this law, it is estimated that between now and 2030 there will be exponential growth in the volume of stablecoins, multiplying the current amounts by 15 to reach USD 4 trillion in tokenised money. As we can see in the image below, the Ethereum network dominates the market in terms of this activity, far surpassing its main competitors (Tron, Binance, and Solana). This data is very important in terms of investment thesis, as the existence of a higher volume generates higher fees (revenue) for the protocol itself. With this and the network's configuration in terms of burning supply through L2 fees, conditions are often created for a sustained price increase. Node Analytica Secondly, we now turn to the volume of stablecoins flowing through the Ethereum network. As we can see in the graph, the current volume reaches 100 billion dollars on a weekly basis. This volume is mainly dominated by the USDT, USDC and DAI protocols. The companies that own these protocols, Tether, Circle and MakerDAO, collateralise liquid assets such as treasury bills or cash & equivalents with which they back their own stablecoins. As mentioned above, with the approval of the GENIUS Act, we will gradually begin to see players from the traditional financial industry entering this market. We can also see in the graph that, in recent times, the volume of stablecoins has grown significantly on the Ethereum network, rising from 70 billion USD to 100 billion. Among other things, this has led to a price increase, but not enough in my opinion, which is why I believe the asset is undervalued, although we will discuss this in detail in the last part of the article. Node Analytica The following image shows the amount of gas (revenue) generated by the different sectors operating within the Ethereum network. Readers should not be alarmed by the shape of the graph and the gas levels generated during 2022, as this was typical of the network when it operated under the Proof of Work (PoW) protocol. Current levels are actually normal. The information in this graph is crucial to our bullish thesis because greater gas generation by the different sectors leads to greater use of the network, ultimately resulting in greater utility, transactionality, and speed in the token that models the Ethereum economy. Node Analytica In this graph, we isolate the ‘Stablecoins’ sector and calculate the cumulative sum of Gas contributed to the Ethereum protocol throughout history to see how important the sector has been and to look at its growth potential. As we can see, the ‘Stablecoins’ sector has generated fees for the protocol of more than USD 1.4 billion over time and continues to trend upwards. If the scenario for 2030 mentioned above were to come to pass and the volume of stablecoins grew by 1,500%, this would translate into an increase in the same magnitude in the Gas generated by this sector and, therefore, a massive increase in the price of the asset. I firmly believe that we are facing unprecedented growth in Ethereum, which, accompanied by the flow of institutional capital already flowing into it, makes this asset a unique investment opportunity. Node Analytica Finally, we look at Ethereum's MVRV metric, which compares market value to realised value. It is currently around 0.4, a level that in previous cycles has coincided with moments of undervaluation. When the Market Value Realised Value has reached values between 1.5 and 2, Ethereum has marked local highs around USD 4,000 before entering an overbought zone from a technical point of view. Furthermore, if we look at the price ranges based on this ratio, the highs in this cycle are projected to be between USD 4,800 and USD 6,400. With the current price close to USD 2,500, the upside potential remains very significant, especially if activity on the network accelerates thanks to the volume of stablecoins operating on the network. This leads us to an important consideration: is the market underestimating the potential for commission income (gas) on Ethereum? A higher volume of stablecoins translates into more transactions, more fees, and a strengthening of the asset's role as a driver of the decentralised finance sector. This dual momentum—network usage fees and leadership in DeFi—could lead us to reconsider the fair value of ETH in the coming quarters. CryptoQuant Conclusion In conclusion, and to wrap up this article, I recommend investing in Ethereum for the long term, either by purchasing the asset itself on secure exchanges such as Coinbase or by investing in exchange-traded funds (ETFs) such as the iShares Ethereum Trust ETF ( ETHA ) promoted by BlackRock. If you choose to gain exposure to the asset through the ETF, you will not incur the risks associated with custody, although you will pay a slightly higher commission than if you purchase it directly on a centralised exchange.
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As Trump’s Truth Social is angling to launch a shiny new Bitcoin and Ethereum ETF, one major $TRUMP whale is quietly sneaking out the back door. A wallet tagged as “Kewh32” placed a major limit order to offload 275,672 $TRUMP tokens worth $2.49 million. OFFICIAL TRUMP price is already down by 30% over the last 30 days. All this quiet offloading is unfolding just as the New York Stock Exchange (NYSE) officially went to bat for Trump’s proposed Truth Social ETF. It was filed with the US Securities and Exchange Commission (SEC) to greenlight a new rule allowing it to list. If approved, the ETF would launch within 90 days and mark a huge leap in Trump’s push into crypto finance. Trump meme whale dumps millions According to the data shared by Lookonchain, the whale who dumped $2.49 million worth of TRUMP tokens had already sold 100k TRUMPs (approx. worth $1 million) just 15 days ago. It still holds over 369,000 TRUMP, worth another $3.3 million. The whale is peeling off positions like it’s pre-election tax season. This gets even worse for the token as around the same time, the Trump Meme Team pulled liquidity. They removed 4.4 million USDC and 347,438 TRUMP tokens (approx. worth $3.12 million). Then comes the next move, they bridged the USDC to Ethereum and dropped $TRUMP into a fresh new wallet. It is being considered as a little wallet cleaning, but maybe it is a stealthy exit. The #Trump Meme Team removed 4.4M $USDC and 347,438 $TRUMP ($3.12M) in liquidity 6 hours ago. They then bridged 4.4M $USDC to #Ethereum and transferred 347,438 $TRUMP ($3.12M) to a new wallet. https://t.co/ORSLE6vJiA https://t.co/SYyNae1nio pic.twitter.com/okTk1u0Ow9 — Lookonchain (@lookonchain) June 26, 2025 TRUMP price is on a decline lately, it is down by almost 40% in the last 60 days, while it dropped marginally over the last 24 hours. Meanwhile, TRUMP is still up by 645% on the year to date (YTD) basis, trading at an average price of $9 at press time. Its 24-hour trading volume stood at $268 million. Its partner token, Official Melania Meme, has also witnessed a heavy dump since the launch. MELANIA price is now down by 98% from its all time high of $13.73. It is trading at an average price of $0.213 at press time. Trump plans $2.5B Bitcoin bet via Truth Social As the crypto market recovers, Trump Media has already proposed both a combined Bitcoin-and-Ethereum ETF and a standalone Bitcoin ETF. It has even teased a $2.5 billion fundraise to make Truth Social one of the largest Bitcoin holders on the planet. Meanwhile, spot Bitcoin ETFs are still soaking up billions, and Trump’s play could turn DJT into a meme stock and a crypto giant in one MAGA-powered shot. But here’s the kicker, DJT is 52% owned by a Trump trust. This suggests that if these ETFs go live and if that meme coin liquidity mysteriously returns, Donald Trump could end up riding a Bitcoin-fueled redemption arc that’s equal parts ETF and meme magic. The global digital assets market surged marginally on Thursday, holding the $3.31 trillion cap. Bitcoin price rallied to hit $108k from below the $100k mark over the last 7 days. BTC is trading at an average price of $107,809 at press time. KEY Difference Wire helps crypto brands break through and dominate headlines fast
XRP spent the past forty-eight hours coiling into a textbook inflection zone, and the 15-minute chart published by independent analyst Casi makes it hard to miss where the battle lines now stand. Price is hovering at $2.18, clinging to a steeply rising trendline that has underpinned every impulsive thrust since the local swing low near the 0.618 retracement at $1.9824 on 23 June. That trendline intersects a horizontal shelf of former resistance-turned-support at the 1.618 extension measured from the same base move, labelled on the chart at $2.186. The confluence forms the geometric “apex of consolidation” Casi has been highlighting on X. XRP Price At Breaking Point “This trendline is everything right now,” Casi wrote. “We just got a clean reaction off it. This correction already reached the .382 retracement at $2.145, which also happens to be the apex of consolidation… that’s the most critical level on the chart, short-term.” The most recent corrective pullback already tagged the 0.382 Fibonacci retracement of the advance, exactly at $2.145, before bulls forced a reaction. As long as candles continue to close above that retracement—effectively the floor of the micro-range—Casi argues that the underlying market structure remains constructive. A decisive break beneath $2.145, by contrast, would represent both a loss of the diagonal trendline and a surrender of the consolidation base, signalling short-term weakness and, in his words, “opening the door to a deeper flush.” Related Reading: XRP Pullback Nearly Complete—Next Stop: $8 To $12, Says Analyst Overhead, XRP must still reckon with layered resistance. The first ceiling sits at $2.20, but the level called out as “the next big test” is the thicker pink band at $2.25. That mark capped price repeatedly during yesterday’s U.S. session and coincides with a prior 1.272 extension of the late-May corrective leg. “If we can flip that level, we’ll likely open the path toward the $2.69 retrace test,” Casi noted, “and from there, the breakout potential increases dramatically!” If price can reclaim $2.25 on expanding volume and then retest it as support, the chart leaves an unobstructed lane toward the 2.618 extension at $2.296—effectively $2.30—and, by projection, the $2.69 Fibonacci target that would complete the measured-move roadmap Casi is tracking. Related Reading: XRP To $30 Beyond 2026? Analyst Reveals Key BTC Ratio To Watch Momentum, however, is not yet offering a clean green light. The lower pane shows a 14-period RSI capped by its own descending trendline that has compressed every rally since 24 June. With the oscillator printing 46.24 (signal) versus 43.59 (base line) at the time of the screenshot, the gauge is climbing but still mid-range. A marginal higher high in price paired with a lower high in RSI would etch a textbook bearish divergence—an outcome Casi told one follower he is “expecting to set up” if XRP pierces $2.25 before consolidating anew. “I think this next high will form a bearish div,” he added. “The RSI is telling me it’s about to set that up.” In short, the token is balanced on a knife-edge: the bull case hinges on the integrity of the $2.145–$2.186 support complex and a breakout through $2.25, while the bear case rests on trendline failure and an RSI divergence confirming upside exhaustion. With liquidity thinning into the weekend, the resolution of this narrow consolidation could shape the next wave—whether that proves to be the ignition of a larger third impulse or the start of a deeper corrective detour. As Casi put it, “This is the kind of price action you want to see if XRP is serious about continuing this new trend to the upside.” At press time, XRP traded at $2.19. Featured image created with DALL.E, chart from TradingView.com
BitcoinWorld OpenAI Lawsuit: Sam Altman’s Fierce Defense Unveils Critical AI Industry Tensions In the rapidly evolving digital landscape, where technology giants often find themselves at the crossroads of innovation and regulation, a recent public appearance by OpenAI CEO Sam Altman ignited a fiery debate that resonates deeply within the AI industry . For those navigating the world of cryptocurrency, understanding these pivotal moments in tech is crucial, as they often foreshadow shifts in data governance, privacy, and the very infrastructure of decentralized systems. From the moment Sam Altman stepped onto the stage at a packed San Francisco venue, it was clear this was no ordinary interview. What unfolded was a direct confrontation over the contentious OpenAI lawsuit with The New York Times, highlighting tensions that could redefine the future of digital content and user data. Why is Sam Altman So Adamant About the New York Times Lawsuit? The live recording of the ‘Hard Fork’ podcast, typically a platform for tech discourse, quickly transformed into a public battleground. Sam Altman , alongside COO Brad Lightcap, made an unexpected early entrance, immediately seizing the narrative. His opening gambit was a direct challenge to the New York Times, asking podcasters Kevin Roose and Casey Newton, ‘Are you going to talk about where you sue us because you don’t like user privacy?’ This bold move immediately redirected the conversation to the heart of the matter: The New York Times’ allegations that OpenAI and Microsoft improperly used its articles to train large language models. Altman was particularly irked by a recent development in the lawsuit, where The New York Times’ lawyers requested OpenAI to retain consumer ChatGPT and API customer data. This demand, even for private conversations or deleted logs, struck a nerve with the OpenAI chief, underscoring his strong stance on user privacy. What’s at Stake in the AI Copyright Battle? The core of the dispute revolves around AI copyright . Publishers argue that AI models, trained on their copyrighted works, could devalue or even replace their content, threatening their economic viability. This isn’t an isolated incident; multiple publishers have filed lawsuits against major AI developers like OpenAI, Anthropic, Google, and Meta for similar reasons. However, the legal tide may be shifting. A significant development occurred recently when OpenAI’s competitor, Anthropic, secured a partial victory in its own legal battle. A federal judge ruled that Anthropic’s use of books for training its AI models was permissible under certain circumstances. This ruling could set a crucial precedent, potentially emboldening other tech companies and altering the landscape of future AI copyright disputes, including the ongoing OpenAI lawsuit . How is ChatGPT Privacy Redefining User Rights? A particularly contentious point raised by Sam Altman was the New York Times’ demand for OpenAI to retain consumer ChatGPT and API customer data, even for users engaging in private mode or those who have requested data deletion. Altman articulated OpenAI’s strong stance on user privacy, stating, ‘The New York Times… is taking a position that we should have to preserve our users’ logs even if they’re chatting in private mode, even if they’ve asked us to delete them.’ This highlights a critical tension: the need for data for legal discovery versus the user’s right to privacy, especially in a world increasingly reliant on AI interactions. OpenAI asserts it takes steps to prevent harmful interactions and directs users to professional services, but acknowledges the difficulty in reaching users in ‘a fragile enough mental place’ with warnings. The ongoing debate around ChatGPT privacy underscores the complex ethical and legal challenges facing AI developers and users alike. What Are the Broader Challenges Facing the AI Industry? Beyond the legal skirmishes, OpenAI faces intense pressure from within the broader AI industry . Competition is fierce, with giants like Meta actively trying to poach OpenAI’s top talent, reportedly offering lucrative $100 million compensation packages. When asked about Meta CEO Mark Zuckerberg’s true belief in superintelligent AI, OpenAI COO Brad Lightcap quipped, ‘I think [Zuckerberg] believes he is superintelligent,’ underscoring the cutthroat nature of the talent war. Furthermore, OpenAI’s crucial partnership with Microsoft, once a major accelerant, is reportedly experiencing ‘points of tension’ as both ambitious companies increasingly compete in enterprise software and other domains. These internal and external pressures illustrate that OpenAI’s leadership is constantly navigating a complex web of legal challenges, competitive threats, and strategic partnerships, all while attempting to safely deploy highly intelligent AI systems at scale. The future direction of the AI industry will heavily depend on how these powerful entities manage their rivalries and collaborations. A Pivotal Moment for AI’s Future The dramatic encounter between Sam Altman and The New York Times journalists was more than just a public spat; it was a microcosm of the profound challenges and transformations sweeping across the AI industry . From the intricate legal battles over AI copyright and the critical importance of ChatGPT privacy to the relentless pursuit of talent and market dominance, OpenAI, under the leadership of Sam Altman , is at the epicenter of a defining era. The outcomes of the ongoing OpenAI lawsuit and similar legal challenges will undoubtedly set precedents for how AI models are trained, how user data is handled, and ultimately, how the relationship between technology and content creation evolves. As AI continues its rapid ascent, these foundational debates will shape not only its commercial trajectory but also its ethical framework and societal impact. To learn more about the latest AI industry trends, explore our article on key developments shaping AI models’ features. This post OpenAI Lawsuit: Sam Altman’s Fierce Defense Unveils Critical AI Industry Tensions first appeared on BitcoinWorld and is written by Editorial Team
There have been new developments for US President Donald Trump and his family's cryptocurrency project, World Liberty Financial (WLFI). According to Bloomberg, WLFI announced plans to publish its stablecoin audit and launch a new app. Speaking at the Permissionless Conference in Brooklyn, New York, World Liberty Financial co-founder Zak Folkman noted that the WLFI token has received significant interest from public companies looking to use it as a treasury asset. At this point, Zak Folkman said the team is working to make WLFI transferable and listable. Folkman also noted that they plan to publish the first audit of their stablecoin USD1 in the coming days. ” You asked us to make WLFI transferable, and we heard you. The team is working behind the scenes to make it happen. Big news coming soon. Our governance token WLFI may soon be available for trading. We have also completed an accounting audit for the USD1 stablecoin and will be making it public soon.” Currently, WLFI is locked in users’ wallets. It grants voting rights to platform participants but is not traded in the market and is not traded on exchanges and cannot be bought or sold. However, Folkman's statement sparked speculation that the WLFI, which grants voting rights to its members, could be listed. WLFI, which has a total supply of 100 billion, has raised $550 million through public sales of more than 25 billion tokens in two fundraising rounds. *This is not investment advice. Continue Reading: Donald Trump's Project WLFI Comes With New Good News! Or Is It Coming to a Listing? Here Are the Details…
As Solana (SOL) recovers back above $145, data shows the CME Futures Volume tied to the asset has surged to a new all-time high (ATH). Solana CME Futures Volume Just Set A New Record In a new post on X, the on-chain analytics firm Glassnode has talked about how the Futures Volume of Solana on the CME platform has recently looked. The Futures Volume here refers to an indicator that measures the total amount of SOL futures contracts trading that occurred during the past 24 hours. Here is the chart shared by Glassnode that shows the trend in the metric for CME over the last couple of months: As displayed in the above graph, the Solana Futures Volume on CME has just observed a huge spike of 1.75 million contracts. This is the highest that the metric has ever been. As such, it would appear that trading interest around SOL has shot up on the exchange. This could be particularly significant for the cryptocurrency, given that CME is a regulated platform that’s used by large entities like institutional traders. “This surge suggests institutional investors are positioning aggressively as price rebounds to ~$145,” notes Glassnode. As for whether these positions correspond to bullish or bearish bets, volume data isn’t enough to say one way or another, just that there is significant activity occurring. Considering that the spike in the CME Futures Volume has come as Solana has made some recovery, however, it’s possible that this could be investors trying to ride the bullish wave. In some other news, the analytics firm Santiment has shared in an X post how the projects in the SOL ecosystem compare against each other on the basis of the Development Activity indicator. The Development Activity tells us, as its name already suggests, the amount of work that a cryptocurrency project’s developers are putting in on its public GitHub repositories. The indicator gauges the work in terms of ‘events,’ where each event corresponds to some action taken by the developer on the repository, like pushing a commit, creating a pull request, or making a fork. From the table, it’s apparent that Solana itself has topped the list, with its Development Activity standing at 100.93 over the past 30 days. Wormhole (W) and Pyth Network (PYTH) round the top three with metric values of 37.77 and 30.67, respectively. SOL Price Solana fell to a low of $126 on Sunday, but it seems the coin has made some notable recovery since then as its price is now back at $144.
After a disappointing UK labor report raised new concerns about the pace of economic recovery, global markets have shifted into observation mode. Central banks are signaling a temporary pause as policymakers assess long-term inflation risks against weaker job growth. Bitcoin (BTC) has remained steady near $104,000, indicating a broader appetite for digital assets as macro turbulence grows. But while BTC holds the spotlight, a lesser-known DeFi token priced at just $0.03 is building momentum for a much larger breakout. Mutuum Finance (MUTM) , a decentralized lending protocol currently in presale, is capturing growing attention from early-stage investors preparing for a shift in liquidity flows. With over $11.2 million raised so far and more than 12,450 unique holders already participating, this micro-cap project is entering a pivotal phase. The presale’s fifth round is already 50% sold out—and once it concludes, the price will climb, eliminating the current discounted entry. For those searching for the next 20× play, the window is open now—but not for long. A Presale Blueprint Geared for Massive Post-Launch Multiples What sets Mutuum Finance (MUTM) apart is its structured approach to both capital raising and utility buildout. Unlike speculative tokens that push out flashy promises, Mutuum has laid out a development timeline grounded in progressive technical delivery, including Layer-2 scalability, overcollateralized borrowing, and dual lending formats. Each presale phase has been carefully designed to scale both investment inflow and token price, starting at $0.01 and culminating at $0.06 by the final round. Those entering at today’s $0.03 level stand to gain a minimum 2x at listing price alone—excluding the compounding upside once the platform goes live and capital utilization takes off. Based on comparable DeFi growth paths, a 20x return is well within reach. The protocol has also undergone an extensive smart contract audit by CertiK, achieving a 75.56 Skynet Score and an 95.00 token scan rating—metrics that demonstrate serious attention to infrastructure quality. Meanwhile, investor trust continues to build as community milestones are achieved: a growing online presence, over 10K followers on social channels, and a $100,000 giveaway targeting long-term believers, where ten users will be rewarded with $10,000 worth of MUTM tokens each. Mutuum Finance (MUTM) isn’t waiting for macro conditions to improve—it’s positioning itself as the protocol of choice for yield hunters looking for full autonomy. Deposits are made through smart contracts that issue mtTokens, which reflect not just your principal but also real-time earnings. These mtTokens can be sold, staked, or even reused as collateral for other DeFi positions—allowing users to remain active while earning passive income. Built for Real Yield in a Slow Market With stablecoin transfers exceeding $717 billion in Q2 2025, it’s clear that investors are already repositioning into decentralized environments in search of predictable income. Mutuum Finance (MUTM) will introduce a decentralized stablecoin that stays anchored to $1, minted only when users borrow against solid collateral like ETH. When loans are repaid or liquidated, the stablecoin is burned to regulate supply. This system works alongside a governance-driven interest model that adjusts borrowing costs to help maintain price stability. When demand is too high and price rises above $1, borrowing rates will drop. When it falls below peg, rates will be increased—supported by built-in arbitrage opportunities that keep equilibrium in place. Users will also be able to participate in Mutuum’s Peer-to-Contract (P2C) pools, where they’ll earn adaptive yield from real-time borrowing activity. As demand increases, so does the interest paid to depositors. Unlike staking programs that rely on inflation, this yield is fully backed by borrower fees. For more active participants, the Peer-to-Peer (P2P) model will unlock custom lending terms, allowing customized rates on popular tokens like BTC, ETH, or even smaller-cap coins that centralized platforms ignore. The passive dividend mechanism will further strengthen demand for the MUTM token itself. A portion of protocol revenue will be used to buy MUTM on the open market, which is then redistributed to stakers in designated contracts. This buyback structure adds persistent upward pressure to the token’s value while rewarding long-term contributors. All of this will be backed by Layer-2 technology for faster, cheaper transactions, and governed entirely on-chain. Once the current presale ends, the platform will move toward beta testing, with the listing of the MUTM token and the activation of mtToken claiming set to align with that launch window. Early holders will not just have price advantage—they’ll enter with an ownership stake in the protocol’s growth. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Bitcoin (BTC) Holds at $104K After UK Jobs Drop — Micro Cap DeFi Token at $0.03 Gears for 20× Relist Move appeared first on Times Tabloid .
New U.S. housing rule lets Bitcoin and select crypto count toward mortgage reserves, helping some buyers qualify without selling assets or triggering taxes.
A report by CoinGecko compared major exchanges on the liquidity they offer to traders across several major crypto assets. Binance continues to dominate among crypto exchanges, especially when it comes to Bitcoin (BTC) trading. However, a report by CoinGecko, published on June 25, suggests that smaller exchanges can compete with Binance in the altcoin market. Specifically, Bitget (BGB) exchange leads in the key mid-spread band for altcoins, which is where most real trading occurs. CoinGecko’s report shows that Binance remains unchallenged in terms of Bitcoin liquidity. Binance controlled around 32% of all Bitcoin liquidity on exchanges, with deeper liquidity across all trading depths. Median BTC daily liquidity on major centralized exchanges, aggregated from March 19 to May 18 | Source: CoinGecko You might also like: Unlocking global liquidity: The key to DeFi’s future | Opinion Biget challenges Binance on altcoins Still, other exchanges are able to challenge Binance in altcoin liquidity. For instance, Bitget leads in the mid-range, where most of the trading happens. At the same time, the exchange actually outpaced Binance on several days, including April 15. Still, beyond the mid-range, Bitget’s liquidity tapers off. ETH daily liquidity on major centralized exchanges on April 15 | Source: CoinGecko The situation is similar for XRP, where Bitget retains dominance in the 0.3% trading range, after which it quickly declines. Bitget also leads in SOL liquidity, controlling 32% of the share at the 0.6% liquidity range. According to CEO Gracy Chen, Bitget has been working actively to partner with institutional liquidity providers. “Today, institutions drive 80% of our spot volume, futures activity from professional firms has doubled, and 80% of top quant funds trade on Bitget. Liquidity is infrastructure — and we’re building it where the market needs it most,” Gracy Chen, Bitget CEO. Finally, the CoinGecko report notes that liquidity is healthy across all major exchanges, particularly in realistic trading ranges. This indicates a healthy state of the crypto market as it continues to mature and attract more institutional players. Read more: Report: Binance held 36% CEX market share in Q1 as total crypto trading volume dropped 12%