10 Billion Flowed into Binance in a Month for Possible Altcoin Purchase: What Does It Mean?
The amount of stablecoins entering Binance, the world's largest cryptocurrency exchange, in the last month has reached an all-time high. The amount of stablecoins entering Binance in the last 30 days has reached an all-time high of $10.2 billion. According to data shared by CryptoQuant analyst Maartun, this movement once again reveals Binance’s central role in the crypto ecosystem. In particular, the liquidity and flexibility that stablecoins provide for both individual and institutional investors stand out as the main source of these inflows.
Expectation of $180,000 in Bitcoin: VanEck from the USA Granted 18 Months!
VanEck predicted that Bitcoin could reach $180,000 within 18 months with friendly regulation and increased institutional interest. Global investment manager VanEck has once again reiterated his prediction that Bitcoin could reach $180,000 at its current cycle peak. VanEck digital asset analysts Nathan Frankovitz and Matthew Sigel noted in their Nov. 21 Bitcoin report that the next phase of the crypto bull market is “just beginning.” The increasingly friendly regulatory environment in the U.S. and increasing institutional interest could propel Bitcoin (BTC) to $180,000 in the next 18 months, the analysts suggested.
Attracting new users day by day, Solana (SOL) is growing along with the increasing total locked asset value. Solana, which hosted the memecoin supercycle, achieved the most striking statistics of 2024. The total locked asset (TVL) value of the Solana blockchain, which was around $ 1 billion at the beginning of the year, increased to $ 9.257 billion as of the news writing time. The popular blockchain started to generate an average daily revenue of $ 15 million.
Ethereum Whale Expects Big Rises in This Altcoin: According to Analysts (ETH) Rival Project!
According to data shared by Lookonchain, a major crypto whale made a remarkable purchase today! This massive purchase by the whale and the data that came with it increased the price by more than 10% during the day. This huge purchase could cause a huge movement in the market! Coin Chart and Upside Potential:👀 Current Price and Performance:🎉 The coin’s current price is around 0.008553 USD and is up 9.98% over the last 24 hours, which suggests that the cryptocurrency is gaining positive momentum in the short term.
These altcoins are the trend of the last period: Bull run in full swing!
After a week in which Bitcoin approached $100,000, which altcoins started the weekend on an upward trend? The leader of cryptocurrencies, BTC, broke a new record by rising to $99,588 on November 22. BTC's upward trend has cyclically provided money inflow to altcoins. While last week's trend was memecoins, this week's eyes turned to major altcoins. It was announced that SEC Chairman Gary Gensler will leave office on January 20. The development in question paved the way for major altcoins, especially XRP.
How are Bitcoin and Altcoins doing: Markets Overview (November 23) At the time of writing, Bitcoin is down 0.2% to $98,825 and is trading at 3,394,195 TL against the Turkish Lira.Ethereum (ETH) is down 0.7% to $3,349, BNB (BNB) is up 3.3% to $650, Ripple (XRP) is up 10.5% to $1.54, Dogecoin (DOGE) is up 18.3% to $0.464, Cardano (ADA) is up 23.3% to $1.09, and Solana (SOL) is up 0.2% to $259.In the last 24-hour period, Stellar (XLM) became the altcoin that rose the most with a 55% increase, while Peanut the Squirrel (PNUT) became the altcoin that decreased the most with a 4.8% decrease.
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Coin Chart and Upside Potential:👀 Current Price and Performance:🎉 The coin’s current price is around 0.008153 USD and is up 9.98% in the last 24 hours, which suggests that the cryptocurrency is gaining positive momentum in the short term. Technical Analysis: - Resistance Levels: COS has the potential to move towards resistance levels such as USD 0.00836 and USD 0.00991. In particular, staying above USD 0.00713 might increase the chances of reaching these resistance levels. - Support Levels: If the price declines, the first support level to watch would be $0.00713. Lower support is historically located at $0.00509.
Bitcoin Eclipses $100,000, Another Threshold Crossed with a New Record in ETFs!
Total net inflows into spot Bitcoin ETFs exceeded $30 billion, while the Bitcoin price reached $99,300. Spot Bitcoin ETFs reached a new record with a total net inflow of $30 billion, while the Bitcoin price rose to $99,300, approaching the $100,000 target. The increasing inflows, contributed by major funds such as BlackRock and Fidelity, reinforce the positive sentiment and institutional interest in the market. US-based spot Bitcoin ETFs, which launched in January, have reached a major milestone by pushing their total net asset value above $100 billion. According to SoSoValue data, 12 Bitcoin ETFs saw net inflows of $1 billion on Thursday, bringing total inflows to $30.35 billion. BlackRock’s IBIT contributed the most with $608.41 million, while Fidelity’s FBTC saw $300.95 million and Bitwise’s fund saw $68 million in inflows.
Solana’s Star Could Shine with Trump: Fourth Company Enters into Force for ETF!
US-based crypto investment firm Bitwise continues to make serious strides in its goal of offering a Solana-based exchange-traded fund (ETF). As we have previously brought to the agenda, the company's application to the US Securities and Exchange Commission (SEC) reveals Solana's future potential. With this move, Bitwise becomes the fourth investment firm to file for the Solana ETF. Previously, VanEck and 21Shares filed similar applications in June, and Canary Capital in October. It is anticipated that current SEC Chairman Gary Gensler will resign when Donald Trump takes office in January, and this change could create a crypto-friendly regulatory environment.
Ripple Begins Victory Celebrations: Price Rushes to the Top as Gensler Tyranny Falls!
Ripple’s XRP token accelerated its rise following the news of SEC Chairman Gary Gensler’s departure. The prolonged uptrend in the cryptocurrency market has pushed Ripple’s price to its highest level since May 2021. XRP has reached $1.4, up 27.5% in the last 24 hours. The token, which has gained more than 150% in value in the last month, attracted attention especially after U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler announced that he will step down in 2025.
Applications for spot Solana ETFs are accelerating as the U.S. Securities and Exchange Commission (SEC) begins actively reviewing applications. According to Fox News correspondent Eleanor Terrett, the SEC is currently working on the S-1 filing, but the process does not guarantee approval. VanEck, 21Shares, Bitwise Asset Management and Canary Capital filed 19b-4 filings for the spot Solana ETF on Thursday. The SEC is expected to make a final decision on the filings by early August 2025, Bloomberg Intelligence analyst James Seyffart said.
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About the cryptocurrency and its project: - About the Project: - Purpose: Contentos aims to create a decentralized digital content ecosystem for content producers, viewers and advertisers. The goal of the project is to make content creation processes more fair and democratic. - Technology: Contentos uses blockchain technology to distribute content, manage copyrights, and share revenue in a decentralized manner. It uses a unique consensus mechanism, Self-adaptive Byzantine Fault Tolerance (sABFT).
MicroStrategy – Bitcoin Relationship at Historic Peak: Surpasses Tesla, Nvidia and SPY!
While MicroStrategy crushed giants like Tesla one by one in terms of volume, the correlation between them and the rise of Bitcoin reached a record. MicroStrategy bought approximately $4.6 billion worth of Bitcoin last week, bringing its total Bitcoin holdings to $29.7 billion. The company financed this move by issuing a $2.6 billion debt instrument. The debt notes were offered only to institutional investors and stood out as an attractive investment tool with a 0% interest rate. In parallel with these developments, the MSTR price increased significantly along with the rise in Bitcoin.
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One of the most important features of BounceBit is that it offers an approach that combines the yield mechanisms of DeFi (decentralized finance) and CeFi (centralized finance). In this way, users can earn yields with both native validator staking and the DeFi ecosystem. In addition, thanks to a CeFi mirroring mechanism supported by Ceffu and Mainnet Digital, users can also earn yields on CeFi platforms.
BounceBit’s yield mechanism increases the crypto yield potential while also contributing to the security of the network. These features, It reveals the importance and innovative approach of BounceBit in the Bitcoin ecosystem
PoS: It is the abbreviation of “Proof of Stake” and defines the process of verifying blocks in a cryptocurrency network. In the PoS protocol, the right to verify a block is determined by the cryptocurrency or token you have. In other words, the more tokens you have, the more chances you have to verify blocks. It differs from other algorithms such as PoW by reducing energy consumption and providing a more environmentally friendly mining
EVM: It stands for Ethereum Virtual Machine. EVM is a virtual machine where smart contracts on the Ethereum blockchain run
Solana’s Popular Memecoin Threatened with Lawsuits
Just a chill guy (CHILLGUY), one of the newest members of the Solana blockchain, is facing accusations of trademark plagiarism. The super memecoin cycle brought many altcoins to the sector. Memecoins such as PNUT, ACT and GOAT achieved sensational increases and reached the top. CHILLGUY, which was released recently, also went viral in a short time. Reaching a market value of close to $500 million, CHILLGUY was appreciated by the Solana community. A striking accusation came to CHILLGUY, who is expected to enter Binance like PNUT and GOAT. PhillipBankss, the creator of the figure that CHILLGUY preferred as an icon, said that Chill Guy owns the copyright. The artist stated that he will initiate action against the CHILLGUY team for using the image without permission.
Peanut the Squirrel (PNUT) is down 30% in the past week, despite recently surpassing the $2 billion market cap. The most popular memecoin of recent times, PNUT, surpassed the market value of $ 2 billion with the help of Elon Musk’s social media posts. Later, PNUT, which was listed on major crypto exchanges, was subjected to selling pressure. However, some metrics show that the popular memecoin could recover and rise. Onhain data shows bullish signal
Binance Will List 2 Altcoins in Futures: Up to 55 Percent Explosion in Prices!
Binance, the world's largest cryptocurrency exchange, will be listing two new altcoins on futures. Binance announced today on its official blog that it will be launching Tether (USDT) margined futures with up to 75x leverage for SLERF (SLERF) and Secret (SCRT). According to the statement made by Binance, the SLERFUSDT contract and the SCRTUSDT contract will be available for trading today at 14:30 CET. Binance stated that funding rates will initially range from a maximum of -2.00% to +2.00% every 4 hours, but funding rates, maximum leverage, and minimum trading limit may change from time to time depending on market conditions.
Whale Multiplies $378K to $35.2M Without Getting Involved in Meme Coins
An altcoin whale has made a huge profit despite not delving into the meme coin market like many other investors. According to information provided by the on-chain and analysis platform Lookonchain, a whale thought to be affiliated with Manifold Trading managed to multiply $378,000 worth of capital to $35.2 million in 11 months. Manifold is known as an investment firm that works systematically. It started trading at the beginning of the year According to blockchain records, the whale, who uses three different addresses, started accumulating Mantra (OM) at the beginning of the year, amassing a total of OM 9.33 million ($378,000) at $0.04 each.