$7B Inflow Signals Crypto Market Upswing

Bitcoin and Ethereum outflows of $1.5B and $500M suggest accumulation as investors move assets to cold storage. Binance saw a dramatic shift in liquidity in the month just ended, with on-chain data showing $7 billion in inflows and $1.5 billion worth of Bitcoin (BTC) leaving the exchange. The movement paints a mixed picture, with some observers seeing it as a bullish setup for a new rally, while others are warning that the market may not yet be ready to move higher. Stablecoin Surge and Bitcoin Outflows Signal Accumulation Fresh…

Binance Sees 80% Drop in Deposits

Data from CryptoQuant shows daily Bitcoin deposits from wallets under 0.1 BTC fell from 552 BTC to just 92 BTC. New data has revealed a steep drop in activity from small-scale Bitcoin (BTC) investors on major trading platforms, with Binance experiencing an 80% collapse in daily deposits from this group since early 2023. Some market watchers are seeing the shift as a fundamental change in market structure, where traditional retail participation is being replaced by institutional vehicles and long-term holding strategies. The Great Retail Retreat According to an analysis…

Balancer Audits under Scrutiny after $100M+ Exploit

Many cryptocurrency traders are seeking answers after a successful exploit at the decentralized exchange and automated market maker Balancer resulted in more than $100 million in digital assets being stolen. In a Monday X post updating users on the exploit, Balancer said the incident was “isolated to V2 Composable Stable Pools and does not impact Balancer V3 or other Balancer pools.” The platform added that it had “undergone extensive auditing by top firms, and had bug bounties running for a long time to incentivize independent auditors,” calling into question how…

Price Slide Is Following Exactly On Cue

ETH’s price cannot sustainably rally if the downtrend in network activity continues. Ethereum’s daily active address count continues to trend lower as it extended a multi-week decline in user participation. The decrease implies fewer users are interacting with smart contracts, dApps, and transfers, which indicates lighter on-chain engagement across the network. The number of unique addresses sending or receiving ETH daily has fallen dramatically, from roughly 480,000 in mid-August to nearly 363,000 by October 26. This 24% contraction isn’t just a superficial on-chain dip. ETH Network Is Quieting Down…

FTSE Russell, Chainlink Bring Index Data Onchain

Global index provider FTSE Russell has partnered with Chainlink to publish its benchmark equity and digital asset indexes onchain, highlighting how blockchain technology is being used to deliver institutional-grade market data. On Monday, Chainlink announced that data for the Russell 1000, Russell 2000 and Russell 3000 small-cap indexes, the FTSE 100 Index and several digital asset benchmarks will be made available across multiple blockchains via DataLink, an institutional-grade publishing service powered by the oracle network. Source: Scott Melker The Russell indexes, widely used as benchmarks for US small- and mid-cap…

Tharimmune Makes $540M Bet on Canton Coin Treasury

Biotech company Tharimmune has raised $540 million in private funding to launch a crypto treasury strategy and acquire Canton Coin (CC), the native token of the Canton Network. The private offering, among the largest digital asset financings to date, was led by DRW and Liberty City Ventures, with participation from ARK Invest, Polychain Capital, Kraken, and other institutional investors. The round values Tharimmune’s shares at $3.075 each. Tharimmune said the funds will be used to purchase CC tokens, support general operations, and expand its role within the Canton ecosystem. The…

Bitcoin OG offloads 13,004 BTC to Kraken impacting market

Key Takeaways Bitcoin whale moved 13,004 BTC in October, including $132M to Kraken, signaling renewed bearish positioning. The large BTC transfer is seen as a bearish signal and coincides with broader whale activity across exchanges. Share this article A prominent Bitcoin whale known for its short positions on Hyperliquid has resurfaced, offloading 13,004 BTC in October, including around 1,200 BTC (approximately $132 million) to Kraken over the past weekend, according to CryptoQuant. The large-scale transfers from this entity have created a notable market impact, signaling renewed bearish activity. Source link

Chainalink’s (LINK) Supply Shock Begins? 15 Million Tokens Vanish From Exchanges in 30 Days

Falling exchange reserves from 180 million LINK to 146 million LINK indicate a collapse in structural sell pressure. Chainlink (LINK) has lost almost 30% over the past month, including a fresh 8% drop in the last 24 hours alone. The latest data, however, suggests that the token might be quietly entering one of its strongest accumulation phases in recent memory. Strong Accumulation Signal Over just the past 30 days, CryptoQuant found that more than 15 million LINK have left centralized exchanges, and when zooming out to the start of…

Banco Inter, Chainlink Test Cross-Border Trade Pilot

Brazilian digital bank Banco Inter has completed a blockchain-based international trade finance pilot with Chainlink, the Central Bank of Brazil and the Hong Kong Monetary Authority (HKMA), showcasing how distributed ledger technology can simplify cross-border settlement. The experiment took place under Phase 2 of Brazil’s Drex central bank digital currency (CBDC) project and simulated the settlement of export transactions between Brazil’s Drex network and Hong Kong’s Ensemble platform, a blockchain system developed under the HKMA’s Project Ensemble initiative.  Chainlink provided the interoperability infrastructure connecting the two networks, according to Banco…

Coin Center Files Brief in MEV Bot Case after Prosecutors’ Opposition

Cryptocurrency advocacy organization Coin Center has weighed in on the ongoing criminal trial of two brothers who allegedly exploited the Ethereum blockchain using maximal extractable value (MEV) bots. In a Monday amicus curiae brief — a document filed by an entity that is not a party to the case — Coin Center argued against one of the prosecutors’ key case theories involving Anton and James Peraire-Bueno. The two individuals are allegedly responsible for a $25 million MEV exploit in April 2023. According to Coin Center, the US government’s claims of…