A record 55,000 Bitcoin, or over $1.1 billion, was just withdrawn from Binance
Some serious withdrawals are occurring on the world’s biggest crypto exchange by volume. Bitcoin (BTC) has seen record buying activity as BTC/USD returns to six-week highs.The latest data from on-chain analytics firm CryptoQuant shows more BTC leaving major exchange Binance in a single day than ever before.Binance finishes the day 55,000 BTC lighterDespite warnings that a macro bottom may not yet have occurred, Bitcoin investors have wasted no time snapping up BTC above $20,000.The past two days’ gains delivered a sea change to exchange user behavior, with BTC balances dropping across the....
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Record high trading volume and new offerings from Binance are a few of the factors behind Binance Coin hitting a new all-time high at $148. On Feb. 10 Binance Coin (BNB) hit a new all-time high at $148 after the native exchange token rallied 121% since the start of the week. Data from Cointelegraph Markets and TradingView shows that BNB rose from $35.37 on Jan. 11 to $148, a 256% increase in less than a month. BNB/USDT 4-hour chart. Source: TradingViewThree reasons for the explosive growth in the price of BNB include the recent surge in trading volume to a new record high, the expansion of....
Binance burned $600 million worth of BNB in Q1 2021, which means Binance possibly made over $750 million in profit. Binance Coin (BNB) saw its 15th burn to date on Friday. According to on-chain data, Binance burned nearly $600 million worth of BNB tokens. Historically, Binance has burned around 20% of the exchange’s profits. But in the last burn, Binance burned much more than 20%, and the exact percentage of the burn remains uncertain.Imagine burning half a billion dollars, wait, don’t imagine. It’s real. #BNB https://t.co/rMFbiufFSG— CZ Binance (@cz_binance) April 16, 2021 BNB....