Author: Andrei Ionescu

TRON founder Justin Sun recently claimed that while Binance charged no listing fee for TRX, Coinbase demanded 500 million TRX (approximately $80 million) and a $250 million Bitcoin deposit in Coinbase Custody to enhance its platform’s performance. Sun’s statement underscores a notable difference in listing requirements between the two major exchanges. Highlighting other recent listings, Sun mentioned that Scroll offered 5% of its token supply for airdrops upon listing on Binance, and the TON Foundation offered 7.65 million TON tokens for similar promotional initiatives. These insights from Sun add to an ongoing conversation about transparency in exchange listing fees and…

Paxos, a leader in blockchain and tokenization infrastructure, has introduced the Global Dollar (USDG), a new US dollar-backed stablecoin aimed at fostering global stablecoin adoption. Issued by Paxos Digital Singapore Pte. Ltd., USDG is regulated by the Monetary Authority of Singapore (MAS) and is compliant with Singapore’s upcoming stablecoin framework. USDG is designed to meet the standards of regulated institutions, promising 1:1 parity with the US dollar and backed by high-quality liquid assets, including dollar deposits and short-duration U.S. government securities. The token is initially available on Ethereum, with plans to expand to other blockchains soon. The stability of USDG…

The BNB Foundation has successfully completed its 29th quarterly token burn, removing approximately 1.77 million BNB from circulation, valued at around $1.07 billion at the time of the burn. This latest burn, carried out by BNB Chain’s Auto-Burn mechanism, reinforces the network’s goal of gradually reducing the total BNB supply to 100 million. Key Figures from the 29th BNB Token Burn The total burn of 1,772,712.363 BNB includes two major components: The burn transaction is recorded on the BNB Chain, with further details accessible via the transaction ID. The Mechanics Behind BNB’s Burning Process BNB burns occur through an Auto-Burn…

OKX has announced the listing of Scroll (SCR), providing users access to SCR deposits, auctions, spot trading, and withdrawals with a structured schedule for each phase. Launch Schedule About Scroll (SCR) Scroll is a bytecode-level compatible zkEVM Rollup, one of Ethereum’s leading scaling solutions. The total supply of SCR tokens is set at 1 billion. OKX encourages users to participate in the SCR market as it becomes available for trading. Scroll (SCR) is a Layer 2 scaling solution that enables Ethereum to perform faster and cheaper transactions. This solution increases Ethereum’s transaction capacity while still maintaining security. Scroll aims to…

The trading volume of CME’s bitcoin options is soaring as institutional investors position for potential significant price moves in the days following the U.S. election on November 5. According to Arbelos Markets CEO Joshua Lim, institutional trades are showing strong bullish sentiment, with some betting that bitcoin’s price could surge beyond $85,000 by late November. Lim pointed out a significant trade involving 3,050 bitcoin units in options set to expire on November 29 at an $85,000 strike price. This trade, with a $4.6 million premium and a $42 million delta, suggests a confident outlook among institutional traders that bitcoin’s price…

Binance has announced that it will be adding Kaia (KAIA) across its platform offerings, including Binance Simple Earn, “Buy Crypto,” Binance Convert, and Binance Margin. The integration of KAIA on these services will begin on October 31, 2024, with specific times detailed below. Simple EarnStarting at 08:00 (UTC) on October 31, Binance Simple Earn will list KAIA in its Flexible Products, allowing users to subscribe and earn returns with added flexibility. Buy & Sell CryptoUsers will be able to purchase KAIA through multiple payment options, including VISA, MasterCard, Google Pay, and Apple Pay, or with their wallet balances directly on…

Chainlink announced a significant upgrade to its platform during SmartCon 2024 on Wednesday, unveiling a modular, composable architecture designed to make the platform more flexible and accessible for developers, enterprises, and financial institutions. At the core of this upgrade is the Chainlink Runtime Environment (CRE), now available in early access. This new architecture is designed to enable interoperability across multiple blockchains, meeting the rising demand from capital markets and the Web3 ecosystem. Transforming Blockchain Connectivity Chainlink, a decentralized oracle network that acts as a bridge between blockchains and real-world data, APIs, and payment systems, aims to make smart contracts more…

OKX, a leading cryptocurrency exchange, announced in an official notice that it will delist nine trading pairs on November 7, 2024, between 16:00 and 16:30 (UTC+8). The affected trading pairs include: Users Advised to Cancel Orders Before Deadline OKX has urged users with open orders on the affected trading pairs to cancel them before 16:00 (UTC+8) on November 7, 2024. If users fail to cancel their orders in time, the system will automatically process cancellations, which may take 1 to 3 business days to complete. The delisting is part of OKX’s regular maintenance to optimize trading services. Users are encouraged…

Visa and Coinbase have announced a new partnership to enable customers with eligible Visa debit cards to instantly buy, deposit, and withdraw crypto through the Coinbase platform. According to Visa’s statement, customers in the United States and European Union will soon gain real-time access to account funds when using eligible Visa debit cards. This partnership will also allow Coinbase users to purchase crypto instantly and cash out to bank accounts in real time, depending on regional banking policies. “Coinbase already has millions of users with a debit card connected to their accounts,” Visa said, adding that the new service will…

U.S. spot bitcoin ETFs reported massive net inflows of $870 million on Tuesday, marking their largest single-day inflows since early June. BlackRock’s IBIT ETF was the primary driver, recording $642.87 million in net inflows — its highest in more than seven months. The IBIT ETF also experienced a trading volume spike, reaching $3.36 billion on Tuesday — its highest daily volume since March 14. Other major spot bitcoin ETFs saw notable inflows: The remaining five spot bitcoin ETFs reported no inflows. Total trading volume across all 12 ETFs surged to $4.75 billion, up from $3 billion on Monday. Analyst Commentary…