Binance withdrawals and BUSD redemptions surge post Paxos crackdown
Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that “Funds are SAFU.”
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that “Funds are SAFU.”
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat
Bitcoin Magazine South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat South Korean cryptocurre...
Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says
Bitcoin Magazine Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says Hackers tied to the recor...
Binance-Controlled Korean Exchange GOPAX Stops Trading, Makes Users Email to Withdraw Crypto
Customers of GOPAX, a Korean exchange whose operator Streami is majority-owned by Binance, can now get crypto out only by emailing...
Kalshi Users Pour $300 Million Into Stock Perps Within Hours of U.S. Debut
Kalshi, the CFTC-regulated prediction market, rolled out perpetual futures tied to individual U.S. stocks on Nov. 5 and said it is...
Bitcoin spot ETFs see $412 million in net outflows on November 6
The significant outflows from Bitcoin and Ethereum ETFs highlight investor caution amid broader market volatility and shifting eco...
Vitalik Buterin tells crypto exchanges to prioritize survival after Binance hack
Buterin's call for crypto exchanges to prioritize survival over competition highlights potential regulatory shifts and increased s...