The post Binance Founder CZ Announce Europe’s Largest Company Listed BNB On Its Platform appeared first on Coinpedia Fintech News Binance founder CZ has announced that Revolut, Europe’s largest unicorn company, has listed BNB on its platform. With a global user base of 40 million, including one-third from the UK, Revolut is a key player in digital banking and cryptocurrency trading. This move significantly boosts BNB’s exposure, as Revolut’s services span foreign exchange, cross-border payments, international remittances, and more. The listing is seen as a huge milestone for both Revolut and Binance, marking a major step in the broader adoption of cryptocurrency. This partnership could open new doors for BNB in global markets, especially among Revolut’s extensive user base.
The cryptocurrency market has taken a severe beating today, with a staggering $310 billion wiped out in just 24 hours. Notably, the global market cap, which stood at $3.56 trillion, has plummeted to $3.25 trillion, marking a 7.90% decrease. Total crypto market cap. Source: CoinMarketCap The sudden downturn has rattled investors, signaling a wave of uncertainty that has left virtually no digital asset untouched. This steep decline has been exacerbated by the pullback in Bitcoin ( BTC ), which fell below the crucial $102,700 level and now trades at $94,805, a drop of 6.83% for the day. Bitcoin’s dominance, however, saw a slight uptick to 57.93%, reflecting its status as the anchor of the market during turbulent times. Pain extended to Ethereum ( ETH ), which tumbled 11.22% in the last 24 hours, slipping to $3,263 as the crash of the two biggest cryptocurrencies has had a cascading effect on the broader altcoin market. Indeed, every cryptocurrency in the top 100 by market cap is currently in the red, underscoring the widespread nature of the sell-off. DeFi and stablecoin volumes surge While the market cap declined, trading activity surged, with the 24-hour trading volume reaching $290.6 billion, representing a 10.90% increase. Of this, DeFi (Decentralized Finance) volumes accounted for $19.56 billion, or 6.73%of total market volume. Meanwhile, stablecoins like USDT, USDC, and DAI saw volumes climb to $271.51 billion, making up a hefty 93.43% of the total 24-hour trading volume, indicating that many traders are seeking refuge in stablecoins amidst the market chaos. Altcoins follow the big two The downturn in Bitcoin and Ethereum has deeply impacted altcoins, which rely heavily on sentiment in the broader market. Leading tokens like Solana ( SOL ), XRP , and Cardano (ADA) all saw significant losses, with double-digit percentage drops erasing recent gains. The sell-off highlights the high correlation between major cryptocurrencies and the altcoin market, reinforcing the dominance of BTC and ETH in shaping overall market sentiment. Crypto market outlook The sharp decline has left investors wondering whether this correction is a buying opportunity or a sign of deeper troubles ahead. Analysts point to macroeconomic uncertainties, regulatory concerns, and profit-taking after a recent bull run as potential drivers of the crash. However, with Bitcoin and Ethereum still trading well above their yearly lows, some believe the market could stabilize and rebound once the dust settles. The next few days will be crucial in determining whether this is a temporary setback or the start of a more prolonged downturn. Featured image via Shutterstock The post Crypto market crashes as $310 billion exits total market cap appeared first on Finbold .
The European Union is stumbling in its attempt to regulate the crypto market while Trump’s America accelerates ahead. With the EU’s Markets in Cryptoassets (MiCA) regulation set to take full effect by year-end, the bloc has already reshaped its own market. Just perhaps not necessarily for the better. Exchanges have started delisting Tether’s USDT (the most-used stablecoin worldwide) creating massive disruptions for traders. MiCA was supposedly designed to increase transparency and curb crimes like money laundering, and it has triggered criticism for its restrictive approach. Meanwhile, Trump’s incoming administration is sending bullish signals to crypto markets, pushing Bitcoin past $100,000 and igniting rallies in speculative tokens. The president, now a crypto lover, is assembling a team of advocates to oversee regulation. Howard Lutnick, CEO of Cantor Fitzgerald, is Trump’s pick to lead the Department of Commerce. Lutnick’s firm already helps custody Tether’s $85 billion in Treasury holdings, signaling a shift toward crypto-friendly policies. Paul Atkins is the pick to replace anti-crypto Gary Gensler as the chairman of the SEC. Atkins first invested in Bitcoin over a decade ago, making him one of the earliest believers. Stablecoin delistings disrupt EU markets The rules mandate that stablecoins listed on centralized exchanges must be issued by entities with e-money licenses. Without this license, exchanges have no choice but to drop USDT by the December 30 deadline. “I was quite surprised by that,” said OKX Europe CEO Erald Ghoos, whose company dumped USDT for USDC. This disruption is shaking up liquidity across European markets. USDT accounts for a vast majority of trading pairs globally, leaving traders facing higher costs and inefficiencies. MiCA’s intention to improve regulatory oversight comes with other strict conditions. Issuers must hold up to two-thirds of their reserves in independent banks and monitor all transactions for payment purposes. Circle, Tether’s competitor, secured an e-money license in July, but Tether has yet to follow suit. The company has not shared with the public whether it plans to apply, leaving its EU market presence uncertain. MiCA’s limitations and enforcement gaps Despite MiCA’s ambitions, critics say the regulation falls short of delivering its goals. Reports show USDT is the most-used stablecoin for criminal activities, including terrorism financing, particularly on the Tron blockchain. Earlier this year, UK authorities dismantled Russian networks using USDT to launder billions for oligarchs and spies. Responding to such cases, Tether partnered with Tron and TRM Labs to create a Financial Crime Unit to combat misuse. But MiCA alone won’t solve enforcement challenges. Local authorities lack the surveillance tools needed to track transactions effectively. Upgrading these capabilities will take time, leaving a gap that bad actors could exploit. Despite these challenges, crypto adoption in the EU has seen some growth. A European Central Bank report revealed that crypto ownership in the euro area has doubled to 9% since 2022. However, the ECB warned that the data might be skewed due to changes in survey methodology. The report still described adoption rates as “comparably low.” Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
The post Why Crypto Market is Down Today? Bitcoin below $95,000 appeared first on Coinpedia Fintech News Bitcoin has sent the community in shock by nose diving 11.25% in the past 3 days. It lost almost $12,000 from its value and is currently trading at $94,715 and the crypto market faced a $1.10 billion liquidation. This is a great time for bears while long traders are paying hefty prices. Let’s see what is happening and why crypto market is down today. El Salvador’s $1.4 B Loan El Salvador being the first country in the world to accept Bitcoin as a legal tender, has been receiving backlash from traditional institutions. The International Monetary Fund (IMF) has been warning the nation to change their Bitcoin policy. They have been urging El Salvadore to limit public sector exposure to the crypto however, the nation never listened. Now, there is a deal between the Bitcoin country and the IMF , a loan of $1.4 billion to support their economy. This still has to be approved however, there is a condition, they will have to bring amends to the Bitcoin policy. The country has accepted the proposal. Experts believe this was the major reason for the drop, however charts add more to the story. The Bitcoin Market Analysis BTC made a new all time high at $108,364 on December 17 and since then it has been falling. Coinmarketcap shows that the first crypto is down from its ATH by 12.74%. Currency BTC hovers around a daily support level but it would be very difficult to say if it is going to survive here. Source : Tradingview However the 4 hour chart says a different story. RSI has dropped below 30, suggesting we should soon see an uprising. This is the perfect moment for whales to refill their bags on discount. The most interesting thing lies in the daily chart. We are not going to talk about numbers here but just patterns. If you compare the movement of price with RSI movement, you will see it. Even though the price was moving up from $89k all the way to the new ATH, the RSI kept falling down. Source : Tradingview This diversion in their movements was giving the alert of this price drop. This should clear the doubts about why crypto market is down today. And as the price is coming down, soon it will balance with RSI and bounce back. The Damage? As Bitcoin leads the crypto market, its movements influence alts. With this crash, the crypto space lost around 9.31% of its market cap which is now at $3.21T. The trading activity is up by 13.77%because of the short traders. Source : Coinglass The figures say it all. In the last 24 hours, around 334k traders got liquidated and lost around $1.10 billion of funds. The biggest liquidation happened for the ETH/USDT pair with a value of $15.80 million. $929.16 million were lost to long trades as the market took a nosedive. What to Expect? The crypto market is full of surprises. The community is expecting Bitcoin to hold its fall and climb back. The market is waiting for big buys now. Whales tend to accumulate assets when the market dips. The current zone is the last remaining support, if the price falls more, it can go to $91,900 that has moving average 20 lying there. These are the times when traders are advised to stay extra aware of the market and protect their funds. Not every time is a good time for trading.
Binance founder Changpeng Zhao, also known as CZ, has recently lauded BNB’s listing on a major crypto exchange. Besides, his recent comment comes as BNB price has recorded a significant decline today amid a broader crypto market selloff. However, despite that, his recent confidence in the asset has further fueled optimism toward the crypto’s potential rally to $800 ahead. Binance Founder Changpeng Zhao Lauds Major BNB Listing In a recent X post, Binance founder Changpeng Zhao lauded the BNB listing on the Revolut exchange. Notably, this comment comes as the asset has faced a significant drop amid a broader crypto market crash . Yet, CZ’s comment has sparked optimism among investors towards the asset’s future trajectory. He stated, “Just learned: Revolut listed $BNB. Again, I didn’t know about it until a few minutes ago. The community is growing.” The listing signifies growing institutional acceptance of BNB, potentially setting the stage for its price recovery. One user commented that Binance now supports crypto purchases via Revolut Pay. Changpeng Zhao responded with surprise, stating, “Didn’t know that either,” showcasing the growing interconnectedness of financial platforms supporting Binance. This listing marks a critical step for BNB, emphasizing its utility and appeal. With Revolut’s global reach, the token could attract more investors, driving higher adoption rates and possibly boosting its price trajectory. Notably, Revolut Exchange is one of the leading exchanges in Europe, with around 40 million users globally. BNB Price To Hit $800? BNB price today was down more than 9% and exchanged hands at $638, while its trading volume soared 5% to $2.94 billion. On the other hand, the token’s Relative Strength Index (RSI) stood at 39, indicating a potential rally ahead for the asset. However, CoinGlass data showed that its future open interest slumped 5% amid a gloomy sentiment noted in the broader crypto market. Source: TradingView Meanwhile, amid the Binance’s founder’s optimism, a recent BNB price analysis indicates that the crypto is gearing up for a potential rally in the coming days. Notably, the analysis showed that once the crypto hits a critical level of $886, it could continue its upward run towards $1,036 next. This has further fueled optimism, amid Changpeng Zhao’s comment over the asset’s listing. Meanwhile, the market anticipates another rally for the broader market. Notably, the crypto market has recorded a robust run over the last few months, especially after Donald Trump’s election win. Despite the recent setbacks, experts remained confident about the long-term trajectory of the token, which could send the crypto to $800 in the coming days. The post Binance Founder Changpeng Zhao Lauds Major Listing, BNB Price To Hit $800? appeared first on CoinGape .
Henrik Zeberg expects Bitcoin to reach new highs soon. He warns of potential significant downturns after the peak. Continue Reading: Henrik Zeberg Predicts Bitcoin’s Rise Toward New Heights The post Henrik Zeberg Predicts Bitcoin’s Rise Toward New Heights appeared first on COINTURK NEWS .
Bithumb Temporarily Delays XRP Withdrawals Amid Surge in Requests ————— 💰Coin: XRP ( $XRP ) $2.12 ————— NFA.
Both funds will track Bitcoin (BTC) and Ethereum (ETH). Analysts believe this approval will pave the way for a broader wave of crypto ETFs in 2025, including funds for Litecoin (LTC) and Hedera (HBAR). Grayscale's Bitcoin ETF hit $1 billion in inflows earlier this week, which means the demand for ETFs are still strong before the year ends. Meanwhile, social media chatter about ”buying the dip” surged after Bitcoin's recent dip below $100,000. Hashdex and Franklin Templeton Get SEC Nod for Crypto Index ETFs The United States Securities and Exchange Commission (SEC) approved Hashdex’s Nasdaq Crypto Index U.S. ETF and Franklin Templeton’s Franklin Crypto Index ETF in a Dec. 19 notice. Hashdex’s ETF will be traded on the Nasdaq stock market, while Franklin Templeton’s ETF will be listed on the Cboe BZX Exchange. Both ETFs will include spot Bitcoin (BTC) and Ethereum (ETH). Hashdex’s Nasdaq Crypto Index U.S. ETF will track Bitcoin and Ethereum included in the Nasdaq Crypto U.S. Settlement Price Index. Meanwhile, the Franklin Crypto Index ETF will follow the Institutional Digital Asset Index, which is designed to measure the performance of key digital assets like BTC and ETH. The SEC’s approval was based on the similarities between these proposals and already approved spot Bitcoin and Ether products. The ETFs are also compliant with the Exchange Act's requirements to prevent fraudulent practices and protect investors. Nate Geraci , president of The ETF Store, suggested that this approval could inspire other firms, including BlackRock, to follow suit and introduce similar products. Geraci believes that financial advisers are likely to embrace these offerings because of their diversification potential, especially in the budding crypto ETF asset class. Franklin Templeton initially filed for its crypto index ETF in August, but the SEC delayed its decision in November. Hashdex submitted an amended ETF application in November after revising its proposal in October to address the SEC’s requirements. These two firms are not alone in their pursuit of crypto index ETFs. In November, NYSE Arca filed to list a Bitwise ETF holding Bitcoin and Ethereum, and in October, it shared plans to list a Grayscale crypto index ETF containing a broader range of digital assets. Bitcoin-Ether Funds to Kickstart 2025 ETF Boom These latest ETF approvals could open a lot of doors in the crypto industry. In fact, a whole new wave of crypto ETFs are anticipated to emerge in 2025, starting with funds tracking both Bitcoin and Ethereum. Bloomberg senior ETF analyst Eric Balchunas shared this forecast on Dec. 17, alongside insights from fellow analyst James Seyffart. They predict that this Bitcoin and Ethereum combo fund will pave the way for ETFs tracking other cryptocurrencies, like Litecoin (LTC) and Hedera (HBAR). The SEC has historically been cautious in approving crypto-related ETFs, and even recently rejected several proposals for Solana and XRP-focused funds. Seyffart believes that approval for these assets may only come under a new administration, specifically after President-elect Donald Trump’s SEC chair nominee assumes leadership. Trump announced plans to nominate Paul Atkins, a pro-crypto businessman and former SEC commissioner, as the agency’s next chair, which could signal a potential shift towards more crypto-friendly policies. Litecoin’s potential for approval stems from its close relationship with Bitcoin as a fork, which makes it a lot more likely to be classified as a commodity. Hedera benefits from not being labeled a security by the SEC, which simplifies the regulatory path for its inclusion in an exchange-traded product as well. On the other hand, XRP and Solana faced some setbacks due to their classification as securities. Despite the likelihood of approval for Litecoin and Hedera ETFs, analysts are still uncertain about the level of investor demand these products will attract. On the brightside, many people expect that Trump’s administration will encourage a much more supportive regulatory environment for digital assets. Grayscale’s Bitcoin ETF Hits $1 Billion in Inflows Some ETFs are already achieving impressive milestones before the year even comes to an end. Grayscale's Bitcoin ETF saw remarkable success in 2024 by pulling in over $1 billion in net inflows by Dec. 17. The Grayscale Bitcoin Mini Trust was launched as part of a spinoff in July that now manages more than $4 billion in assets. Alongside the Bitcoin Mini Trust, Grayscale introduced the Ethereum Mini Trust, separating these low-cost offerings from its older and more expensive funds, the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). The Mini Trusts also offer the most affordable management fees of just 0.15%. The introduction of low-cost ETFs intensified competition in the market, and even led to fee wars among issuers. Most of the newly launched spot crypto ETFs, including Grayscale’s, temporarily waived or discounted fees to attract investors. Spot Bitcoin ETFs were launched in January after extensive review by the SEC, and have become dominant players. In fact, U.S. spot BTC ETFs surpassed $100 billion in net assets for the first time in November. Grayscale also expanded its portfolio beyond just Bitcoin and Ethereum by managing a range of alternative cryptocurrency funds. In 2024, the asset manager introduced an investment fund for Aave’s governance token (AAVE) and launched trusts for Sky, Bittensor, and Sui protocol tokens. Grayscale also has plans to diversify its offerings, proven by its October filing with NYSE Arca to list the Grayscale Digital Large Cap Fund. This index ETF will hold a diversified portfolio of cryptocurrencies. With President-elect Donald Trump’s administration expected to adopt a much more crypto-friendly stance, the landscape for cryptocurrency ETFs is poised for some very impressive growth. Surge in ”Buy the Dip” Chatter Only time will tell if crypto prices will play along to help boost the 2025 ETF boom, especially after the lastest market dip. However, things may look up soon as the proportion of social media discussions about ”buying the dip” in crypto surged to its highest level in over eight months, which coincided with Bitcoin's fall below the critical $100,000 price level. According to data from crypto analytics firm Santiment , Bitcoin’s dip to $95,500 on Dec. 19 prompted the social dominance score for mentions of ”buying the dip” to hit 0.061, which was its highest point since April 12. At press time, BTC was trading hands at $95,182.49 after its price fell by more than 6% over the past 24 hours. Historically, similar spikes in the social dominance score have been associated with notable price drops. In April, Bitcoin fell from $70,000 to around $63,000, and in August, it slid below $60,000, nearing $53,000 within just a day. These events also aligned with increased mentions of ”buying the dip.” This suggests that investors and traders are very closely monitoring opportunities during market downturns. Search interest for cryptocurrency is also robust, though it has tapered off slightly since December’s start. Google Trends data indicates a global search score of 75 for “crypto” over the past seven days, down from 100 earlier in the month. In contrast, searches for ”buy the dip” surged to a score of 38, the highest since August 10. Search volume for ‘buy the dip’ (Source: Google Trends ) Charles Edwards, the founder of Capriole Fund, warned that market participants should prepare for heightened volatility. Edwards pointed out that bearish sentiment could intensify to a point where it triggers a short squeeze, causing prices to rebound sharply.
Coinbase’s Base added 13.7 million users in October 2024, outpacing Ethereum and emerging as the fastest-growing blockchain. Uniswap captured 91.3% of Base’s DEX activity and solidified its lead on Ethereum,
Cardano (ADA) is making headlines as it surges 32.1% this month. Market watchers are now posing the question: Fueled by a robust recovery above $1, can ADA mark a new ATH soon? The release of Hydra, a new scalability enhancement, has further solidified Cardano’s position as a dominant force in altcoin discussions. But it’s not the only player turning heads— JetBolt (JBOLT) is sparking major buzz with its innovative zero-gas technology and user-focused platform. As its presale gains further traction after hitting over 200 million in token sales, JetBolt has become one of the most talked-about altcoins this season. Will ADA maintain its momentum and continue its march towards a new all time high, or will its journey take another unpredictable turn? Can JetBolt steal the spotlight with its zero-gas revolution? Dive in as we explore the latest Cardano price prediction as JetBolt whale activity rises. Cardano Price Prediction: New ATH on the Horizon? Cardano (ADA) has solidified its reputation as a leading blockchain platform, renowned for its scalable, eco-friendly design that appeals to developers and innovators alike. Upgrades like Hydra, increasing real-world adoption, and strong staking support continue to bolster its reputation. Binance analysts project ADA could reach $7 by 2025, supported by these advancements. ADA trading sideways. Data from CoinGecko showing the 7-day price movement. However, while ADA has gained an impressive 79.5% year-to-date, its path to a new all-time high remains uncertain. Large transactions on the network have tripled since November, climbing from 3.32k to 10.2k, but they’ve also pulled back sharply from a peak of 21.97k, reflecting a recent slowdown in activity. This mixed performance underscores both the promise and challenges facing Cardano. Whether ADA can sustain its momentum or plateau short of a new all-time high remains a pivotal question as the market assesses its next move. JetBolt Whale Activity Rises: 200M Tokens and Counting Excitement around JetBolt (JBOLT) is surging as its groundbreaking zero-gas technology grabs the attention of enthusiasts across the crypto landscape. With over 200 million tokens sold during its presale, JetBolt has captured the attention of savvy crypto whales and created significant market buzz. Remarkably, JetBolt launched with a fully functional ecosystem right from the presale stage. Built on the Skale Network, JetBolt’s zero-gas technology eliminates gas fees entirely, enabling lightning-fast and cost-effective transactions. This innovation not only streamlines the user experience but also unlocks new possibilities for developers and projects across various blockchain applications. Adding to its appeal, JetBolt features an AI-powered tool that curates Web3 news and content, keeping users informed and engaged. Its intuitive staking system rewards users not only for staking but also for actively participating on the platform, enhancing the overall ecosystem. JetBolt’s Web3 wallet simplifies blockchain onboarding, allowing users to buy JBOLT tokens with no prior crypto experience or complicated Web3 wallet setup required. Features like face ID authentication ensure a secure, seamless experience powered by WebAuthN technology, breaking down traditional barriers to Web3 adoption. To further entice early adopters, JetBolt offers Alpha Boxes , which include discounts on batch token purchases and bonuses of up to 25% in JBOLT tokens. These exclusive rewards have fueled growing interest, particularly among tech-savvy whales. Final Thoughts: Can ADA Mark New ATH as JetBolt Whale Activity Rises? Cardano’s strong recovery and ongoing developments like Hydra showcase its potential for long-term growth, though challenges remain on its path to a new all-time high. Meanwhile, JetBolt’s revolutionary zero-gas technology and other user-centric features are shaking up the altcoin market, with its presale success underscoring growing confidence among whales. Learn more about JetBolt here: Official Website: https://jetbolt.io/ X/Twitter Page: https://x.com/jetboltofficial Cryptocurrencies are known for their high volatility and unpredictability. The information provided here is for informational purposes only and should not be taken as guidance for trading or decision-making. Always do your own research (DYOR) before participating in any crypto-related activities. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .