FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX

FTX Token (FTT) and Solana’s SOL (SOL) endured a tough weekend of trading that saw altcoins take double-digit losses in the 15%–30% range, but the tide turned as news broke that Binance could be in the process of acquiring FTX. On Nov. 8, FTX CEO Sam Bankman-Fried first took to Twitter to announce a liquidity-sharing … Read more

Ethereum Price Crashes Below $1,500, Why FTT and BNB Sparked Downtrend

Ethereum started a major decline below the $1,500 support against the US Dollar. ETH faced an increase in selling after the market dumped FTT, SOL, and DOGE. Ethereum started a major decline below the $1,550 and $1,500 levels. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a … Read more

BNB Coin Surges By Over 20% During Market Pullback

While the crypto market faced a pullback, BNB coin has added substantial gain in the last 7 days. The native token of the world’s largest crypto exchange registered over 20% profit, joining the top gainers for the week besides Dogecoin. The token has also enjoyed a 24-hour trading volume uptick. Specifically, over $1.1 million worth … Read more

BNB Chain cools off after 24% surge, but strong fundamentals could back the next BNB rally

After an impressive 23.7% rally between Oct. 25 and Oct. 31, Binance Chain BNB, has faced a strong rejection from the $330 resistance. Is it possible that the two-day 6% sell-off from the $337.80 peak could indicate that further trouble is ahead? Let’s take a look at what the data shows. BNB Coin (BNB) 12-hour … Read more

Kazakhstan to build central bank digital currency on BNB Chain

In an announcement on Twitter, Changpeng Zhao, the founder and CEO of Binance, said the network will be a major component of Kazakhstan’s latest Web3 endeavor. The Binance founder tweeted that the National Bank of Kazakhstan (NBK) will integrate its central bank digital currency (CBDC), the digital tenge, on the BNB Chain, the underlying blockchain of … Read more