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Crypto-News-Flash
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Inside The CEX Battle: Binance vs Coinbase Reserves
- Binance dominates CEX stablecoin reserves and inflows, reflecting deep market trust and consistent institutional activity.
- Coinbase leads in total reserves, lacking public Proof-of-Reserves unlike Binance which provides on-chain transparency.
- Binance leads in stablecoin reserves with $31 billion deposits, while Coinbase has higher total reserves at $129 billion.
- CEX exchanges face challenges like declining spot trading volume and regulatory pressures, but there are new collaborative initiatives like the CEX Alliance supporting TRON-based meme projects.
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Bitcoinist
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Bitcoin Taker Buy/Sell Ratio Shows Divergence On Binance: What It Means
- The Bitcoin Taker Buy/Sell Ratio on Binance has shown a divergence compared to other exchanges recently.
- While the Taker Buy/Sell Ratio has spiked on other platforms, it has decreased on Binance, indicating a bearish sentiment among investors on the exchange.
- This divergence suggests that despite a bullish sentiment in the market as a whole, Binance users are leaning towards a bearish outlook.
- Historical data indicates that similar divergences in the past have led to a 5 to 10% drop in Bitcoin price, raising concerns about a potential bearish outcome.
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Bitcoinist
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Ethereum Signals Uptrend With Key Candlestick Pattern, Could A Rally Follow?
- Ethereum has faced bearish movements in the crypto market but a key Morning Star Candlestick pattern suggests a potential rally.
- Crypto Bullet, a technical analyst, predicts a possible rebound for Ethereum as it closed May on a bullish note and formed a Morning Star Candlestick formation.
- The Morning Star pattern indicates a shift from a bearish to a bullish trend, hinting at a positive run for Ethereum despite current market conditions.
- ETH broke past $2,500, considered a key resistance level, with expectations of reaching $3,300 soon according to Crypto Bullet's analysis.
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TronWeekly
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Inflows to USDT Wallets on Binance Are Mostly from Whales Since Late 2023
- About 75% of the USDT sent to Binance since November 2023 has originated from whale wallets.
- Large crypto holders prefer using Binance for USDT transactions due to the platform's appeal.
- Daily USDT withdrawals from exchanges decreased from 65,000 in March to 42,600 by the end of May.
- Whales have been major contributors to USDT deposits on Binance, indicating their dominance in the market.
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TheNewsCrypto
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Trust Wallet Launches Buy+ to Simplify Crypto Purchases via Binance Connect
- Trust Wallet has launched Buy+, a new feature powered by Binance Connect, to simplify cryptocurrency purchases.
- Users can now use fiat currency to acquire tokens on BNB Chain, Base, and Solana through a single streamlined process.
- Buy+ eliminates the complex multi-step procedures previously required for purchasing new or trending tokens.
- By integrating fiat onboarding with on-chain crypto swapping, Trust Wallet aims to provide a simpler, safer, and smarter way for users to access desired tokens.
- Buy+ intelligently routes transactions and preserves complete self-custody, reducing complexity for users.
- This feature combines fiat-to-crypto infrastructure with smart routing to offer a seamless experience while maintaining ownership.
- The partnership between Trust Wallet and Binance Connect aims to make Web3 more user-friendly and accessible globally.
- The Buy+ feature is available for public use, excluding specific regions until further notice.
- Trust Wallet enables users to manage digital assets securely, access Web3, and engage in various cryptocurrency activities without restrictions.
- Binance Connect provides smooth on- and off-ramp solutions for interacting with cryptocurrency, bridging conventional finance with decentralized ecosystems.
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Crypto-News-Flash
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Yuga Labs Offloads Moonbirds To Orange Cap Games
- Yuga Labs has sold the Moonbirds NFT IP to Orange Cap Games, focusing on core projects like Bored Ape and Otherside.
- This is Yuga Labs' third major IP sale in 2025 after divesting Meebits and CryptoPunks.
- Orange Cap Games plans to develop the Moonbirds universe with a blend of physical and digital experiences, minting new assets on Ethereum or ApeChain.
- Yuga Labs' sales of various NFT IPs indicate a strategic shift, with Moonbirds NFT floor price experiencing a significant increase after the acquisition announcement.
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TronWeekly
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Binance Coin (BNB) Dominates DEX Volume While Price Eyes Major Breakout
- BNB breaks multi-year resistance and analysts suggest potential targets up to $3,975 based on technical patterns.
- BNB Chain leads DEX volume with $13.31B, surpassing Ethereum and Solana, amid growing CeDeFi adoption.
- VanEck's BNB Spot ETF filing and SEC dropping its case against Binance boost institutional confidence.
- BNB may see significant upward movement after breaking resistance, with short-term target of $1,522 and long-term potential of $3,975, supported by technical tools and network activity.
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Zycrypto
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SEC vs. Binance Lawsuit Ends ‘With Prejudice’—What Next for BNB Price?
- The SEC recently withdrew its civil lawsuit against Binance and Binance.US 'with prejudice,' marking a significant development in the case.
- Binance and Binance.US celebrated the dismissal, attributing it to regulatory overreach and expressing readiness to lead in blockchain innovation.
- Despite the positive news, BNB's price experienced only a modest reaction with a 3% drop on May 30, demonstrating muted market response.
- Analysts suggest that while the SEC's withdrawal removed uncertainty, other factors will determine BNB's longer-term trend amidst evolving crypto market conditions.
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Cryptoticker
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9dcc: A Case Study in Web3 Hype and Broken Promises
- 9dcc, a self-proclaimed 'first crypto-native luxury brand,' founded in 2022 by Gmoney, aimed to blend fashion with blockchain technology, but its journey ended in disappointment for early supporters.
- Their Admit One NFTs, initially promising exclusive privileges, did not deliver anticipated benefits over time as the brand abruptly announced its shutdown, leaving holders with depreciated digital assets.
- The introduction of the 'Black Box' raised controversy due to issues in the raffle system, censorship of critical feedback, and misleading XP rewards during drops, undermining trust in the brand.
- 9dcc's pattern of overpromising and under-delivering, coupled with a focus on gamified Web3 elements that overshadowed the luxury brand experience, alienated the community and led to its downfall.
- The brand's monetization tactics, including hidden fees for basic access and unbalanced points system within the network, further eroded trust and exposed a lack of transparency.
- Gmoney's announcement of 9dcc's closure mentioned economic challenges and premature entry into the market, but community skepticism arose as the shutdown coincided with the three-year expiration of Admit One NFT benefits.
- The closing statement by Gmoney was critiqued for its attempt to shift blame onto external factors, its failure to address internal issues and controversies, and the perceived insincerity of the redemption plan for leftover products.
- Overall, 9dcc's narrative reflects a cautionary tale of how flashy branding, vague roadmaps, censorship, and unfulfilled promises can mask deeper issues in the Web3 space, casting doubt on projects using 'community' as a mere buzzword.
- The 9dcc saga serves as a reminder to the crypto industry to demand accountability and transparency, and to move away from projects like 9dcc that operate with a facade of luxury while delivering little value to their supporters.
- In conclusion, 9dcc's narrative highlights the dangers of mismanaged projects in the Web3 space, serving as a warning against falling for superficial allure and exaggerated promises in decentralized ventures.
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Crypto-News-Flash
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Say Goodbye to Bridges, OpenSea OS2 Goes Fully Multi-Chain
- OpenSea has launched OS2, allowing seamless NFT trading across 19 blockchains without the need for bridges or token swaps.
- The new XP-based incentives and increased user activity have strengthened OpenSea's position in the cooling NFT market.
- Users can now access an interconnected cross-blockchain ecosystem on OpenSea, making it a one-stop NFT hub across 19 chains.
- Additionally, a new rewards program called 'Voyages' and the SEA token airdrop aim to fuel user loyalty and growth, while OpenSea's positive standing with the SEC marks a favorable shift in regulatory attitudes towards digital asset platforms.
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Guardian
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US regulator dismisses suit against Binance in latest crypto-friendly move by Trump
- The US SEC voluntarily dismissed its civil lawsuit against Binance, the world's largest cryptocurrency exchange, signaling a friendlier approach towards cryptocurrencies under the Trump administration's influence.
- The dismissal with prejudice means the SEC cannot pursue the case again, with the regulator citing the move as appropriate in the exercise of its discretion and as a policy matter.
- Binance spokesperson called the dismissal a 'landmark moment', thanking SEC Chairman Paul Atkins and the Trump administration for recognizing the need for innovation without excessive regulatory enforcement.
- The SEC's actions align with Trump's pro-crypto stance, with promises to be a 'crypto president' and a shift from the industry crackdown seen under the previous SEC leadership. Developing clear regulatory frameworks for cryptocurrencies remains a key priority.
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TronWeekly
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SEC Files to Drop Long-Running Lawsuit Against Binance and CEO
- SEC filed a motion to dismiss its lawsuit against Binance and CEO following a $4.3 billion DOJ settlement.
- Allegations included unregistered asset offering, fund misuse, and deceptive U.S. investor practices.
- Trump's $TRUMP token saw a surge, reaching a $2.4 billion market cap.
- SEC's decision hailed as a win for the crypto industry, thanking Trump and Atkins for opposing regulatory overreach.
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Silicon
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US SEC Drops Lawsuit Against Binance Crypto Exchange
- The US Securities and Exchange Commission (SEC) has ended its lawsuit against the cryptocurrency exchange Binance, marking the conclusion of one of its last remaining crypto enforcement actions.
- Binance, the world's largest cryptocurrency exchange, had faced legal troubles with multiple US agencies under the previous Biden administration, including allegations of illegal activity and violating sanctions.
- Despite previous legal challenges, the SEC and Binance jointly moved to dismiss the case in a Thursday filing in the US District Court for the District of Columbia, signaling the resolution of the legal dispute.
- The shift in the SEC's approach to the crypto industry under the Trump administration, with the enforcement action against Binance being dropped, reflects a changing regulatory landscape for cryptocurrency firms in the US.
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Blockonomi
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SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally
- SEC ends Binance lawsuit, easing pressure on crypto markets and investor sentiment.
- BNB price targets $713 as bullish momentum grows post-lawsuit dismissal.
- Fear & Greed Index at 60 suggests rising market confidence for BNB holders.
- Binance credits Trump-era SEC leadership for ending the enforcement-first approach.
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Medium
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Image Credit: Medium
Month-in-Review-March 2025
- Efforts are being made to expand the ecosystem to welcome more players, including exploring multi-/cross-chain possibilities.
- The plan involves starting with a release on MCH Verse and gradually expanding into a cross-chain setup for flexibility and speed.
- The introduction of the pOAS token by Oasys brings unique design and high potential within the ecosystem.
- Integration plans include features like sending pOAS to a specific address and receiving a corresponding in-game item.
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