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Binance’s latest proof of reserves report shows a notable decline in user assets in September as the crypto market wandered into the red zone. According to Binance’s 23rd PoR Report, the exchange’s holdings of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) decreased in September. Binance saw 9,577 BTC and 61,326 ETH exit the exchange last month. These assets are worth $595 million and $148.5 million, respectively. USDT reserves also decreased by 3.16% from $22.11 billion to $21.41 billion, with an outflow of nearly $700 million. Meanwhile, Binance recorded a 2.17% increase in its BNB (BNB) holdings, increasing from 40.7 million…

Home > News > Interview > Dynex Network builds a human-like brain on blockchain People are still trying to build better blockchains and tune networks to solve more modern computing challenges. One of them, Dynex, was just founded in 2022 and aims to solve “real-world problems” in AI, quantum computing, and research. This is a bit different from our usual reports, so we spoke to Clifford Mapp, Global Ecosystem and Information Officer at Dynex Development, at the London Blockchain Conference 2024 to find out how his team is tackling these challenges. I learned more about it. title=”YouTube Video Player” Frameborder=”0″allow=”Accelerometer;…

Tether, one of the world’s leading stablecoin providers, has announced impressive results, reaching more than 350 million users in just 10 years since its launch in 2014.Tether, one of the world’s leading stablecoin providers, has announced impressive results, reaching more than 350 million users in just 10 years since its launch in 2014.Tether’s user base has grown by 24% in the past year alone, jumping from approximately 282 million users in October 2023 to its current level, according to recent data released by the company. This growth is even more significant when compared to October 2022, when the platform had…

Tether celebrates 350 million user milestone as stablecoin giant celebrates 10th anniversaryTether, one of the world’s leading stablecoin providers, has announced impressive results, reaching more than 350 million users in just 10 years since its launch in 2014.Tether’s user base has grown by 24% in the past year alone, jumping from approximately 282 million users in October 2023 to its current level, according to recent data released by the company. This growth is even more significant when compared to October 2022, when the platform had around 141 million users, less than half of today’s numbers.With a current market capitalization of…

EigenLayer’s crypto token EIGEN was launched just a few days ago, and news about the project’s development is already circulating. EIGEN is the native token of the EigenLayer Restaking Protocol. Launch of EIGEN token (Eigenlayer) on the cryptocurrency market: Latest news Token EIGEN was launched on the crypto market last week on October 1, 2024. Despite the current price decline, the market capitalization has already reached $600 million, ranking around 100th overall, ahead of companies such as Pendle and The Sandbox. However, it is important to remember that the so-called market capitalization is a purely theoretical number obtained simply by…

8 hours 55 minutes ▪ 4 minutes read ▪ Written by Evans S. Bitcoin continues to attract large companies, and Metaplanet is no exception. The Japanese investment firm, which has been making more strategic acquisitions, just announced the purchase of 108.78 Bitcoins for a total of 1 billion yen (approximately 6.1 million euros). This investment makes Metaplanet one of the world’s most influential companies in the Bitcoin ecosystem and strengthens its position as a stalwart in the crypto world. But what’s behind this latest acquisition? Between strategic vision and a race for dominance, Metaplanet seems determined to make history in…

(Bloomberg) — Chinese stocks underperformed gains during the week-long holiday, as investors hoping for more economic stimulus from the Chinese government were disappointed. Hong Kong’s main indexes fell the most in 16 years, and European futures also fell.Most Read Articles on BloombergThe benchmark CSI 300 index rose 11%, paring gains to 2% after a widely expected stimulus package was absent from a press conference in Beijing. The index has since recovered a bit. Chinese stock prices in Hong Kong fell by the most during the day since 2008, as some investors took profits and moved to mainland stocks. Trading volume…

(Courtesy of Getty Images) Trading in dollar-backed stablecoins, a virtual currency pegged to the U.S. currency, in South Korea has reached an all-time high amid complex and costly exchange processes and strict regulations, making capital flows more volatile. and ultimately pose a potential risk of destabilizing Asia’s fourth currency. largest economy.The total trading volume of digital assets such as Tether, USD Coin and Dai listed on South Korean cryptocurrency exchanges is estimated at $32.1 billion in the first nine months, according to an analysis by the Korea Economic Newspaper on Monday. There is. Average daily trading volume was $117.3 million,…

Macro technical analyst Chetan Gurjal recently published his macro cycle predictions for XRP, suggesting that the price could rise into double digits. Gurjar published his analysis in a recent report on X. He highlighted the potential for XRP to cross the $12 mark based on Elliott Wave Theory (EWT) as the altcoin is set to enter the third macro wave. Breakdown of wave 1 and wave 2 According to Gurjar, XRP’s price structure can be divided into a series of macro cycles, the first of which began with the 2014-2017 bull market. During this period, XRP completed a shocking 5-wave…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is experiencing major changes in its ecosystem. From large sell-offs by early investors to network upgrades and changing market dynamics, the Ethereum landscape is rapidly evolving.Early investors release large ETH holdingsEthereum whales that initially received 150,000 ETH through the project’s initial coin offering (ICO) have resumed selling their holdings. Crypto analyst EmberCN reports that the whale recently moved 5,000 ETH worth approximately $12.22 million to the Kraken exchange.The transfer is part of a large-scale selling activity in which the whale released 45,000 ETH over the past two weeks, amounting to approximately $113.2…