Latest Crypto Exchange News and Insights | Yellow.com

Binance has integrated Tether's USDT token on The Open Network (TON). Users can now deposit and withdraw USDT on TON via Binance. This integration enhances liquidity on the TON blockchain. It also reduces transaction fees. Given how popular Telegram is - with over 1 billion users - it may be a significant addition to the existing world of USDT. As of now Tether's USDT is the leading stablecoin in the world. The move is expected to improve transaction speeds. It offers a cost-effective method for handling USDT transactions. Users are advised to verify their token deposit addresses and smart contract address on TON. Binance's integration precedes regulatory changes in the European Economic Area (EEA). The Markets in Crypto-Assets Regulation (MiCA) will restrict unauthorized stablecoins like USDT. Cryptocurrency exchange Uphold is delisting USDT and five other stablecoins by July 1. The other stablecoins affected are Dai, FRAX, GUSD, USDP, and TUSD. Telegram founder Pavel Durov recently announced plans to use TON blockchain. He aims to tokenize stickers and emojis on the platform. Durov is clearly up for turning Telegram from just a Messenger into a full-scale blockchain solution. Durov outlined plans to build Telegram functionalities on TON blockchain. These include integrating USDT and ad revenue-sharing options. The integration of USDT on TON via Binance marks a significant development. However, upcoming regulatory changes may impact its usage in some regions. Like in Europe where USDT is under fire now.

Whales are bullish for the Ethereum and Shiba Inu prices. Data shows that the largest exchange wallets for ETH and SHIB have seen significant withdrawals recently. That is definitely a bullish sign, analysts say. For example, the on-chain analytics firm Santiment claims that the top 10 exchange wallets on the SHIB and ETH networks have recently seen their supplies go down. Ethereum whale wallets have declined by a whopping 8.6%, while Shiba Inu wallets on crypto exchanges have lost about 2.4% of their value. Those wallets are the biggest currently attached to centralized exchanges. It's fair to suggest that the wallets belong to the so called whales. Simply put, the largest investors on the market. And of course, these wallets are the most influential. Audience keeps focus on them. So any moves, even the slightest ones, can lead to a significant change in the market sentiments. Taking of crypto from exchanges is a clear bullish sign. You keep your crypto on exchanges if you are planning to sell. Or at least you are ready to sell any moment. Long-term holders prefer holding assets on their self-custodial wallets. Once coins go off the exchanges it means sell supply of the token is going down. That's a bullish sign too. So Ethereum and Shiba Inu largest holders are not planning to sell in the near future. That means they are optimistic and, sorry for using the term too much, they are bullish.

Bitcoin's in the spotlight again. This time, it's all about its disappearing act from exchanges. In just one week, a whopping 22,647 BTC were pulled out. That's huge. Let's try to figure out what's going on and why is it important. To begin with, these withdrawals weren't just from small players. Major exchanges like Binance, Coinbase, and Kraken saw significant Bitcoin exits. What does this mean? In basic terms, investors are choosing to hold their Bitcoin rather than keep it on exchanges. This usually signals a bullish trend. We've all learnt that from previous crypto cycles. Analysts are buzzing about this. When so much Bitcoin leaves exchanges, the available supply tightens. Now what does that tell you? Basic economics: less supply, steady or higher demand, prices go up. Everyone's now watching to see if this trend continues. It's not just individual holders making moves. Big institutional players are in the game too. These large-scale withdrawals hint at strategic market plays and long-term confidence in Bitcoin's value. Crypto analyst Ali Martinez was among the first to report these massive withdrawals. He thinks that such movements often predict price rallies. And there is enough historical data that backs this up. When Bitcoin exits exchanges, prices usually climb. Golden rule, you know. This aligns with recent bullish sentiments. With Bitcoin halving coming up and growing adoption, many believe a price surge is imminent. Less Bitcoin on exchanges means less immediate selling pressure. That's good news for hodlers. But, let's keep it real. The crypto market is volatile, as we all know. Sudden regulatory changes or macroeconomic shifts could impact Bitcoin's price trajectory. And next event of this kind mind be just around the corner. Anyway, the large-scale Bitcoin withdrawal from exchanges is a big deal. It shows strong investor confidence and hints at a bullish market ahead.

The cryptocurrency industry has transitioned from the phase of early adopters to the early majority, according to Binance CEO. And by CEO we mean Richard Teng. Not Changpeng Zhao, the former CEO of Binance, who just has started a four-month prison sentence in Lompoc, California, for not preventing money laundering on the exchange. Speaking with CoinTelegraph, Teng highlighted this pivotal shift. He emphasized that the industry is witnessing growing participation from institutional investors. This change is driven by increasing regulatory clarity and improved infrastructure, he thinks. Teng also noted that the crypto sector has matured substantially. He pointed out the growing number of compliant platforms and products. This maturity is fostering confidence among a broader range of investors, including large financial institutions. The CEO also addressed the challenges still facing the industry. He acknowledged ongoing regulatory hurdles and the need for more robust frameworks. Teng underscored Binance's commitment to working with regulators to ensure a sustainable growth path for the crypto ecosystem. The transition to the early majority phase also means a shift in the industry's dynamics. Teng mentioned the importance of education and awareness. He believes that as more people understand the benefits of digital assets, adoption will continue to rise. Teng's insights come at a time when Binance itself is expanding its global footprint. Despite the recent scandals and legel hurdles, Binance is enhancing its compliance efforts and launching new products tailored to institutional investors. These steps are crucial in attracting the early majority, which requires higher standards of security and transparency.

Binance has achieved a significant milestone. The crypto exchange now boasts 200 million users and $100 billion in assets under custody. This marks a new era for the company. Even despite all kinds of legal hurdles. CEO Changpeng Zhao announced the news on X (formerly Twitter). Zhao emphasized Binance's growth trajectory. He once again wrote about company's commitment to security and compliance. This growth comes despite the ongoing regulatory scrutiny faced by the company worldwide. And Zhao's grim fate, by the way. So Binance has faced challenges, including legal actions and regulatory hurdles. However, Zhao remains optimistic. He reiterated the platform's focus on transparency and its efforts to align with global regulatory standards. These efforts are crucial for maintaining user trust. The exchange has announced several measures to enhance security. It uses advanced technologies and collaborates with global law enforcement agencies. This might have something to do with Zhao prison sentence, obviously. This way or the other, security remains a top priority for Binance, the officials claim. Binance's user base has grown significantly over the years. The platform offers a wide range of services. This includes trading, staking, and other crypto-related activities. The user growth underscores Binance's position as a leading player in the crypto space. The company's assets under custody reaching $100 billion is a testament to its credibility. This figure represents the total value of assets held by Binance on behalf of its users. It reflects user confidence and the platform's ability to manage large volumes of digital assets. This milestone is significant for Binance's financial standing.