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The largest crypto exchange platform in the world by trading volume has rolled out trading support for the native asset of a low-cap decentralized finance (DeFi) project. On Monday, Binance listed the decentralized lending and borrowing platform Euler (EUL) via its HODLer Airdrops program, which rewards BNB holders with select tokens based on historical snapshots of their balances. Euler bills itself as the “DeFi super app” and operates as a decentralized exchange (DEX) in addition to offering lending services. EUL is an ERC-20 token that can be used for governance, rewards and in auctions to distribute protocol fees. Binance listed the asset for trading on Monday. The exchange attached a seed tag to EUL, a designation it applies to lower-liquidity projects that could potentially exhibit higher volatility compared to other listed assets. Binance requires users who want to trade assets with seed tags to pass quizzes every 90 days to ensure they’re aware...

A pair of Solana (SOL)-based altcoins is dipping in price after gaining support from the largest crypto exchange by trading volume in the US. In a new thread on the social media platform X, Coinbase Assets says it is adding support for Jito Staked SOL (JITOSOL) and non-fungible token (NFT) marketplace Metaplex (MPLX). “Jito Staked SOL and Metaplex are now live on //coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the support caused both assets to dip as JITOSOL is trading for $217 at time of writing, a 6.8% decrease on the day while MPLX is valued at $0.169, a fractional decrease during the last 24 hours. JITOSOL is a liquid staked token (LST) where users can earn extra rewards by staking Solana on the decentralized finance (DeFi) network Jito. Furthermore, according to its official website, the asset not only stays in your crypto wallet and accru...

A co-founder of the Russian crypto exchange Garantex has reportedly been arrested by police in India under the country’s extradition laws, according to TechCrunch. Kerala State police arrested Aleksej Besciokov at 4pm IST yesterday in the coastal region of Varkala, where he was reportedly holidaying with his family.  Last week, the US charged Besciokov, who is Garantex’s main technical administrator, with facilitating money laundering for transnational criminal organizations and conspiracy to violate sanctions. In conjunction with Germany and Finland, the US also seized Garantex’s online domains . Just before this, Tether froze $27 million worth of USDT on the platform, which Garantex called a “war against the Russian crypto market.” According to the US, Garantex has processed at least $96 billion worth of crypto transactions for the past six years.  Garantex says ‘USDT in Russian wallets under threat’ as Tether freezes $27M Read more: Russ...

Leading crypto exchange Binance has accumulated more than $24 billion in inflows from user deposits in 2024 while also surpassing $100 trillion in lifetime trading volume. This growth “aligns with a surge in global adoption of digital assets,” Binance said in a Dec. 11 blog post . Recent developments including a series of regulatory victories, historic price milestones, and the launch of spot Bitcoin ETFs (exchange-traded funds) in the US, Hong King and other large markets drove “millions of users to Binance,” the exchange added. Binance Inflows Almost 3 Times Greater Than Its Next Biggest Competitor Binance’s inflows are almost 3 times greater than that of Bybit, which DefiLlama data shows is the second biggest exchange in terms of inflows after $8.2 billion made its way onto the platform.  In third place is OKX, with its inflows standing at around $5.3 billion. DefiLlama’s list does not include Coinbase and Gemini because of their inadeq...

A new Ethereum (ETH)-based layer-2 project is debuting with a fully diluted value (FDV) of more than $7.7 billion amid support from leading crypto exchanges. According to a new announcement, top crypto exchange Binance is supporting Movement (MOVE) through its airdrop portal. After the airdrop, MOVE will be available to trade in the MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD and MOVE/TRY trading pairs. Binance is attaching a seed tag to MOVE, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens. Korean crypto exchange Upbit has also announced trading support for MOVE. Hours after launch, MOVE is trading for $0.77 at time of writing, up 13.8% since going live. With a market cap of $1.7 billion, MOVE is the 86th largest crypto project. The projec...

Kraken, a centralized cryptocurrency exchange platform that allows users to buy, sell, and trade crypto, has announced plans to close its non-fungible token marketplace. This harsh decision is part of a broader strategic measure aimed at redirecting resources toward new and more promising initiatives within its ecosystem. In this article, we shall assess the fate of NFT holders after closure. Kraken Is Shuttering Its NFT Marketplace In an email announcement sent to customers on November 26, Kraken confirmed plans to shut down its non-fungible token market platform. Starting Today, November 27, the NFT marketplace will enter withdrawal-only mode, initiating a three-month period to allow users to transfer their NFTs to external wallets before the definitive deactivation. Kraken’s NFT market platform will completely close in February 2025. BREAKING: Kraken to shutter its NFT marketplace pic.twitter.com/5Wa4ZpTOxz — Bryptos (@Bryptos_) November 26, 2024 Kraken, a centrali...

The second largest US-based crypto exchange by trading volume is launching a new 1:1 Bitcoin (BTC)-pegged token. According to a new announcement, Kraken just dropped Kraken Wrapped Bitcoin (kBTC), a wrapped BTC token fully backed by the exchange. “We are thrilled to launch Kraken Bitcoin (kBTC), a fully backed, cross-network-compatible ERC-20 representation of Bitcoin custodied by Kraken… kBTC is a fully backed, cross-network-compatible ERC-20 token. Each kBTC token is fully backed 1:1 by an equivalent amount of Bitcoin and held securely in Kraken’s custody.” According to Kraken, the Ethereum (ETH)-based BTC equivalent will be available for use in decentralized applications (dApps) and will be interoperable on Ethereum and OP Mainnet (OP), formerly known as Optimism. Kraken also plans to extend kBTC’s capabilities to other layer-1 networks, including non-EVM-based crypto ecosystems. According to Kraken, the new token will help expand and ...

Also Read: ETH Price $1,630 Support On The Line, Time To Buy Or Sell Ether? advertisement CEO Brian Armstrong Sold Most Shares According to the real time insider trans action data from Dataroma, some of the top executives at the Crypto exchange , including CEO Brian Armstrong and chief legal officer Paul Grewal, initiated as many as 53 sale trans action s worth over $30 million. These Coinbase stock sale trans action s were carried out between 20 June 2023 and September 1, 2023, whereas the SEC lawsuit was filed on June 6, 2023. In a trans action as recent as September 1, 2023, Brock Lawrence, the company’s chief people officer, sold over 19,000 shares. The SEC had in the lawsuit charged Coinbase with operating the crypto trading platform as an unregistered national securities exchange, broker, and clearing agency. The complaint argued that the exchange had since at least 2019 unlawfully facilitated the buying and selling of crypto asset securiti...