The post Binance U.S Adds Base Network Support – ETH and USDC Transfers Now Live appeared first on Coinpedia Fintech News Binance U.S has officially integrated the Base network , allowing users to deposit and withdraw Ethereum (ETH) and USDC directly through this rising Ethereum Layer 2 solution. This move is expected to enhance the user experience by offering faster and cheaper transactions, with support for more assets coming soon. BREAKING: https://t.co/AZwoBOgsqS now supports Base Transfer $ETH & $USDC via Base, with support for more assets to come! @Base is an Ethereum layer 2 that aims to bring the next billion users onchain by providing fast and low-cost transactions. Read:… pic.twitter.com/lrdZRy13mq — Binance.US (@BinanceUS) April 25, 2025 Why This Matters for Base Base, launched in 2023, is designed to make crypto more usable for everyday people. Unlike many other networks, it doesn’t have its own token. Instead, it uses ETH for gas fees, making the experience simpler for both developers and users. Built on the Ethereum mainnet, Base has quickly become a top player among Layer 2 solutions. It’s known for its low fees, high speed, and developer-friendly environment. The latest support from Binance U.S could help accelerate its adoption even further. Base Network’s Rapid Growth Despite overall market uncertainty, Base has been growing fast . According to IntoTheBlock data , Base’s share of active addresses among major Layer 2s has jumped from 63% in January to 82% today. It now handles over 1 million daily active addresses and more than 4 million daily transactions . Base’s Total Value Locked (TVL) has also reached $6.3 billion, showing strong user confidence and growing on-chain activity. These numbers highlight that the network is gaining serious traction. Community Sees Institutional Signal The news of Binance U.S supporting Base has sparked positive reactions from the crypto community. Influencers like Velvet Unicorn called it a clear sign of growing institutional interest in Layer 2 networks. He noted that ETH and USDC support is just the start, and the real opportunity lies in the ecosystem that’s being built around Base. As more DeFi projects launch and cross-chain bridges expand, Base could become a key player in the blockchain space. With Binance U.S now backing it, the network has gained an important boost in credibility and exposure. FAQ What is Base? Base is a scaling solution that runs on top of the Ethereum blockchain. It’s designed to handle more transactions at lower costs while still benefiting from Ethereum’s strong security. How does this integration benefit regular Binance U.S users? It allows users to send and receive ETH and USDC faster and at lower fees using the Base network. Can I transfer any crypto asset via Base, or is it limited to ETH and USDC for now? Currently, only ETH and USDC are supported via Base, but more assets may be added soon. Why is Binance U.S adding support for Base now—what’s the significance of this timing? Base has seen rapid user growth and on-chain activity, making now the right time to support it. Is this move limited to Binance U.S, or will global Binance also support Base soon? At the moment, this update applies only to Binance U.S; there’s no word yet on global support.
The recent shifts in Ethereum (ETH) accumulation patterns reflect a strategic adaptation among long-term investors, diverging sharply from Bitcoin’s (BTC) dynamics. Amidst a backdrop of moderate market sentiment and fluctuations
Binance has officially announced its decision to delist several trading pairs with leverage, effective May 7th at 14:00 (UTC). This strategic move will impact the Isolated Margin Trading Pairs including
Multi-chain decentralized exchange (DEX) PancakeSwap has notched its most impressive quarter yet, racking up $205.3 billion in trading volume in Q1 2025. However, in a paradox that has the crypto community scratching its head, the platform’s native CAKE token remains stuck in the oven, struggling to rise above the $2 mark. A Record-Breaking Quarter The latest data from Dune Analytics shows that PancakeSwap’s Q1 2025 wasn’t just a marginal improvement but a full-blown breakout. Trading volume has jumped 921%, going from $20.1 billion in 2023 to the current $205.3 billion. It also boasts 5.83 million unique traders, an 81% increase from two years ago. Similarly, transaction counts have followed suit, going from 44.1 million in Q1 2023 to 114.4 million in the first three months of 2025. Part of this meteoric rise can be attributed to recent upgrades like the CAKE Tokenomics 3.0, officially launched on April 23, 2025. This overhaul retired several outdated mechanisms, such as CAKE staking, veCAKE, revenue sharing, and farm boosting, while kick-starting a new era of reduced CAKE emissions. However, despite the blockbuster performance and a seemingly bullish shift in fundamentals, CAKE’s market price has continued to underwhelm. According to CoinGecko, its price fluctuated between $1.93 and $2.05 before finally settling at $1.95, a 3.8% dip in the previous 24 hours. The numbers were much better across the week, with CAKE posting an 8.7% uptick to marginally edge out the broader crypto market’s 8.5% growth in the same period. Nonetheless, it still lagged behind similar Ethereum ecosystem tokens, which rallied 12.7% in the last seven days. Price Struggles Amidst Growth The picture is more stark when zooming out further. CAKE lost 24.6% of its value over the past month, while it is down 36.2% year-on-year. Additionally, its current price is 95.6% lower than its all-time high of $43.96, recorded about 4 years ago. Even with a circulating supply of 313 million and a total value locked (TVL) surpassing $1.64 billion per data from DefiLlama, investor confidence in the token appears tepid, maybe due to macroeconomic uncertainties weighing on altcoins. The disconnect between PancakeSwap’s usage metrics and token price hasn’t gone unnoticed. On X, one community member called CAKE “significantly undervalued,” suggesting it should at least “match Uniswap’s price.” Others were more skeptical, one bluntly remarking, “Cake is still dead.” Another responded to PancakeSwap’s milestone post with a cryptic “Probably nothing,” a meme-like nod to the community’s doubtfulness amid ongoing volatility. The post PancakeSwap Hits $205B in Q1 Volume, But CAKE Stays Under $2 appeared first on CryptoPotato .
XRP price corrected gains from the $2.30 zone. The price is now consolidating near the $2.150 support and might aim for a fresh increase. XRP price started a fresh increase above the $2.150 zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase unless there is a close below the $2.150 support. XRP Price Dips To Support XRP price started a decent upward wave above the $2.120 and $2.150 resistance levels, like Bitcoin and Ethereum . The price traded above the $2.220 and $2.250 levels to start a decent increase. A high was formed at $2.299 and the price started a downside correction. There was a move below the $2.20 and $2.180 support levels. A low was formed at $2.120 and the price started another increase. It cleared the 50% Fib retracement level of the downward move from the $2.299 swing high to the $2.120 low. However, the bears are active near the $2.2350 level and the 61.8% Fib retracement level of the downward move from the $2.299 swing high to the $2.120 low. There is also a key bearish trend line forming with resistance at $2.20 on the hourly chart of the XRP/USD pair. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.20 level and the trend line. The first major resistance is near the $2.2350 level. The next resistance is $2.30. A clear move above the $2.30 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.450 resistance or even $2.50 in the near term. The next major hurdle for the bulls might be $2.620. More Downsides? If XRP fails to clear the $2.20 resistance zone, it could start another decline. Initial support on the downside is near the $2.1620 level. The next major support is near the $2.150 level. If there is a downside break and a close below the $2.150 level, the price might continue to decline toward the $2.120 support. The next major support sits near the $2.0650 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.1650 and $2.150. Major Resistance Levels – $2.200 and $2.2350.
The SEC has been taking more moderate steps since the departure of former SEC Chairman Gary Gensler, who took a negative approach towards cryptocurrencies. At this point, the SEC, which has closed the vast majority of cryptocurrency cases, including the Ripple (XRP) case, is expected to take more positive steps with the inauguration of new chairman Paul Atkins. As the SEC continues to make innovative moves, it was revealed that it was meeting with an altcoin team. Accordingly, Ondo Finance (ONDO) has joined with the SEC Crypto Task Force chaired by Hester Peirce to propose a regulatory framework for the tokenization of publicly traded securities in the United States. In addition to Ondo Finance officials, attorneys from Davis Polk and Wardwell law firm also attended this meeting. The ONDO price rose more than 10% after the SEC meeting announcement, rising above $1. However, ONDO has given back some of its gains and is trading at $0.96 at the time of writing. On April 25, the crypto task force will hold a roundtable event to discuss custody, including representatives from Kraken, Anchorage Digital Bank, WisdomTree, and others. While Ondo Finance attracted attention with its $1 million donation to Donald Trump’s inauguration fund, Davis Polk and Wardwell law firm announced on April 22 that it would represent the US President’s social media company Truth Social to launch crypto-linked exchange-traded funds. *This is not investment advice. Continue Reading: SEC Meeting with Donald Trump Supporter Surprise Altcoin Revealed! Price Reacts!
The post XRP Price Analysis: Breakout or Breakdown Ahead? appeared first on Coinpedia Fintech News The price of XRP has been moving sideways without any clear direction for the past few days, and today’s analysis focuses on the shorter time frame since the bigger picture hasn’t changed much. At the time of writing, XRP is trading at $2.18 and is up by more than 1%. According to analysts, XRP has made a small move to the upside, but it’s not yet strong enough to confirm a solid uptrend. The recent increase looks like a three-wave pattern, which could either be the start of something bigger or just another temporary bounce. Here’s what’s happening: The B-wave correction might not be over yet. Today, we saw some downward movement, and it’s possible that XRP could revisit last week’s lows around $2.02–$2.03. If this happens, the price might see a five-wave decline forming, with possible support around $1.90–$2. But it’s important to understand this is a very short-term, small market structure and nothing major for now. On the other hand, if XRP has already completed its B-wave correction and started a new C-wave upwards, it could target the $2.55–$2.68 zone. However, there’s not much clear evidence to confirm this yet — both the recent moves up and down have been choppy, making it difficult to predict the next big move. Since mid-April, XRP’s price action has been messy and directionless, mostly moving sideways. While there’s still a chance for higher prices, traders should watch for key support levels: $1.82 is an important support area. As long as XRP stays above this, there’s room for a recovery. If XRP falls below $1.82, it would signal that the current attempt to move higher is failing, and it might see a drop towards the $1.33 level next.
On April 25th, COINOTAG reported an intriguing development in the cryptocurrency market. According to data from LookIntoChain, a dormant whale re-emerged after a three-month hiatus, depositing 2.28 million USDC onto
Tesla’s first-quarter 2025 earnings report has been released, and it notably omits any mention of a substantial $97 million loss related to the company’s Bitcoin holdings. This absence has raised questions within financial circles and the cryptocurrency community regarding the transparency of Tesla’s financial reporting concerning its digital asset investments. Details of the Unreported Bitcoin … Continue reading "Tesla’s $97M Bitcoin Loss Not in Earnings Report" The post Tesla’s $97M Bitcoin Loss Not in Earnings Report appeared first on Cryptoknowmics-Crypto News and Media Platform .
Cardano founder identifies three critical flaws in Ethereum blockchain’s design. Charles Hoskinson believes layer-2 solutions will gradually drain Ethereum’s value. Bitcoin DeFi and competing chains are predicted to eclipse the Ethereum network long-term. In a thought-provoking video, blockchain attorney John E. Deaton shared an alarming prediction of Charles Hoskinson, who stated that Ethereum may not survive beyond 10-15 years due to fundamental design flaws and growing competitive pressures. Deaton expressed that the information was surprising, especially when it came from a co-founder. He quickly pointed out that he was not smart enough to have an opinion one way or the other. Fascinating to listen to an Ethereum co-founder opine on whether Ether can even survive. I’m not smart enough to have an opinion one way or the other but would like to know what others think. https://t.co/CdpTQkq41X — John E Deaton (@JohnEDeaton1) April 24, 2025 In the clip, Hoskinson , the founder of Cardano and the co-founder of Ethereum, mentioned that Ethereum has three major “self-inflicted wounds” that threaten its future. These include the wrong accounting model, th… The post ADA Founder Predicts The Close of ETH. Is This the Fall of a Crypto Giant? appeared first on Coin Edition .