Cryptocurrency Analysis and News Portal
While data suggests that crypto assets have been flowing out of centralized exchanges at an accelerated pace over the last week, Binance CEO Changpeng Zhao argues it may not be as bad as it appears. Leading analytics platforms such as Nansen and DeFiLlama have all measured increased exchange outflows from Binance
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Bitcoin (BTC) hitting three-month lows did not spur hodlers to panic sell, on-chain data shows.According to analytics firm Glassnode, BTC investors have largely ignored the latest crypto exchange legal battles.On-chain losses “remain quiet”BTC/USD dipped to just $25,350 on June 6, its lowest since mid-March — but it seems existing holders
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The SEC lawsuit against Binance on June 5, accusing the crypto exchange of violating various securities laws, had a direct impact on the crypto market as well as the balance sheet of the crypto exchange.According to data shared by crypto analytic firm Nansen, Binance saw a negative netflow of $778
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Amid the recent legal action taken by the SEC against Binance and its CEO Changpeng Zhao, cryptocurrency traders are swiftly withdrawing their funds from the crypto exchange. Blockchain data analyzed by Nansen, a leading blockchain intelligence platform,
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The world’s largest crypto exchange was sued for multiple securities law violations by the U.S. Securities and Exchange Commission on Monday. Original Source
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Outflows last week came to $32 million, pushing the total during the streak to $232 million, according to a report from CoinShares. Investors withdrew $33 million from bitcoin products alone last week, meaning BTC funds yet again dominated the outflow – as they have throughout the five-week period. Source
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On May 15, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” which revealed that digital asset investment products experienced another week of consecutive outflows, with a total of $54 million exiting the market. This brings “the total outflow to US$200m, representing 0.6% of total assets
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While multi-asset investments as a whole saw $7 million in outflows last week, there were inflows across eight different altcoins including Cardano (ADA), Tron (TRX) and Sandbox (SAND), suggesting, said CoinShares, that “investors are becoming more adventurous, and selective.” Original Source
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On May 2, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Weekly Report,” which stated that the digital asset market experienced bearish sentiment for the second consecutive week, resulting in outflows totaling $72 million. The report noted that the bearish sentiment could be attributed to the probability
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Net outflows totaled $30 million. Original Source
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