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Despite facing regulatory challenges, Binance has retained its position in the industry, with only a marginal decrease in its market share, according to TokenInsight. Binance experienced a 5% decline in market share , dropping from 54.2% to 48.7%. This shift followed the decision of Binance’s founder, Changpeng Zhao, to step down as CEO as part of a $4.3 billion settlement with the U.S. Department of Justice, according to recent research from TokenInsight. Crypto exchanges market share | Source: TokenInsight As per data, other cryptocurrency exchanges such as OKX and Bybit appeared to be significant gainers in the market, with OKX increasing by 4.3% in market share to 15.7%, while Bybit saw a rise of 2.2% up to 11.6%. Analysts added that despite Binance facing troubles with U.S. regulators last year, traders “do not seem to have lost confidence in centralized exchanges.” “These events did not have a massive impact on the market landscape as the FTX co...

Within the most recent rally and multiple cryptocurrencies surging in price, cryptocurrency greed is back to 2021’s levels in multi-year highs. Investors and traders firmly believe that a bull market has started, setting high expectations for 2024. Fear and Greed indexes offer valuable insights into the overall sentiment in a given market based on technical indicators. Essentially, fear surges under bearish indicators and weak momentum with high selling pressure. In the meantime, greed appears during a strong momentum with an increased demand. However, extreme fear is usually associated with an ‘oversold’ state, while extreme greed can often signal ‘overbought’ capitalization. Both states might trigger a trend and sentiment reversal. Greed is back to 2021 levels in crypto Cryptocurrency Total value locked in DeFi surpasses multiple countries' GDP Cryptocurrency Buckle up: Altseason can ignite at any moment; Here's why C...

In a recent video by Crypto Banter, notable crypto investor Ian Balina expressed apprehension about the future of crypto currency in the US, with the recent regulatory pressures considered a major concern. Balina, along with other key players in the industry, see this development as part of the disruptive evolution of a technology that challenges traditional power structures. They are of the view that, although there may be casualties along the way, the technology will ultimately become so revolutionary that governments will either embrace it or risk falling behind more forward-thinking nations. Regulatory attacks on crypto Regulatory bodies’ recent coordinated efforts against the crypto market have been a cause for alarm among investors and enthusiasts. This is described in the video as part of the natural progression of a disruptive technology that challenges conventional power structures. Peter McCormack, in an episode of his podcast, also voiced concern over the pote...

At a time when USDT is touching new market cap highs, the other stablecoins are struggling to keep their market dominance. Tether-issued USDT (USDT) stablecoin broke past a new all-time-high market cap of over $83 billion as it continues its stablecoin market dominance. The new ATH market cap for the USDT stablecoin comes in a year when other stablecoin issuers are struggling to remain afloat due to regulatory ire. The same was pointed out by cryptocurrency exchange Binance’s CEO Changpang Zhao aka CZ. Tether USDT market cap chart. Source: Coinmarketcap CZ in a quote tweet drew attention towards BUSD, a Binance stablecoin issued by Paxos. The Binance CEO said that “BUSD was a fully regulated stablecoin that was ‘capped’ by NYDFS at a $23 billion and currently sits at a $5 billion market cap and since then USDT has seen tremendous growth.” BUSD, a fully regulated stablecoin, was "capped" (no new minting) by NYDFS at $23b. Now at $5b market cap. Since then, USDT has seen t...

This NFT data analytics platform harnesses the power of decentralization and active user participation to improve the NFT space. In a digital world, companies, organizations and influencers are leveraging the latest technologies and practices to get closer to their communities in a more direct way. Digital tokens and nonfungible tokens (NFTs) bring even more Features to make this happen. Blockchain-based tokens, especially NFTs, can be used to create new experiences to drive community engagement in Web3 and develop a sense of belonging. This can be a game-changer for brand managers, digital artists, influencers and any entity with an online presence. Previously, initial coin offerings (ICOs) were the first choice to build communities around blockchain projects. However, the high prevalence of scams has compromised this fundraising approach. To avoid a similar fate, the NFTs space needs to stay away from scams and price manipulation. With specialized services like bitsCrunch, NFTs ar...