BNB is positioned for a potential surge to $2,000, driven by technical analysis showing striking chart similarities with gold and XRP patterns. Major corporations including CEA Industries, Windtree Therapeutics, and Nano Labs are building substantial BNB treasuries worth hundreds of millions, fueling unprecedented institutional adoption. As BNB Chain dominates DEX volume with $675.9 billion, Snorter Token’s presale gains momentum, raising over $4.6 million while revolutionizing coin hunting with advanced trading tools.
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News from NZL
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News from NZL Global Trade Tensions Rise as China Sanctions US Firms
Global markets face renewed uncertainty as China imposes sanctions on American subsidiaries of a South Korean shipping giant, signaling escalating trade tensions with Washington. This development coincides with critical political moments in France and unresolved questions about Middle East stability, creating a complex geopolitical backdrop for investors navigating volatile markets.
read moreBhutan Migrates National ID System from Polygon to Ethereum
Bhutan is transitioning its national self-sovereign identity framework from Polygon to the Ethereum blockchain, marking a strategic upgrade that will enable the country’s 800,000 citizens to authenticate identities and access government services through Ethereum’s infrastructure. This migration, announced at a high-profile event featuring Ethereum co-founder Vitalik Buterin and Bhutan’s Prime Minister Tshering Tobgay, represents a significant advancement in blockchain-based digital governance and positions Bhutan as a global leader in sovereign digital identity systems.
read moreMiddle East Startups Raise Record $1.2B Amid Funding Slump
Middle Eastern startups have defied global investment trends by securing a record $1.2 billion in funding last quarter, marking a significant achievement amid collapsing emerging market investment. According to data platform Magnitt, this surge was driven by international investors writing larger checks for growth-stage companies, signaling renewed appetite for venture capital as an asset class from both international and regional communities.
read moreBitcoin Volatility High as Price Tests Key Support Levels
Bitcoin continues to experience significant volatility, trading around $111,500 after falling 4% in the past 24 hours and 10% over the last week. The cryptocurrency faces key resistance at $116,000 while testing crucial support levels that could determine its next major move, with analysts divided on whether current levels will hold or if a deeper pullback toward $100,000 is imminent.
read moreS&P & Chainlink Launch Onchain Stablecoin Risk Ratings
S&P Global Ratings has partnered with blockchain oracle provider Chainlink to bring institutional-grade stablecoin risk assessments directly onchain, marking a significant milestone in the convergence of traditional finance and digital assets. This collaboration enables traditional financial institutions to access real-time stability ratings for the $300 billion stablecoin market through the newly launched Stablecoin Stability Assessments (SSAs) on Ethereum’s Base network. The initiative addresses the critical need for trusted risk evaluation as institutional adoption accelerates, potentially expanding to other blockchains based on market demand and client feedback.
read moreBitcoin-Gold Correlation Hits 0.85+ as Inflation Hedge
Bitcoin’s correlation with gold has surged above 0.85 as both assets strengthen their positions as inflation hedges amid global economic uncertainty. The rising correlation reinforces the ‘digital gold’ narrative for Bitcoin as investors seek safe-haven assets. CryptoQuant data shows this marks a dramatic reversal from negative correlation levels seen in late 2021.
read moreHyperliquid vs Binance: Liquidation Data Debate Amid Market Crash
During last week’s crypto market crash that saw Bitcoin plummet from $122,000 to $102,000 and over $19 billion in leveraged positions liquidated, Hyperliquid founder Jeff Yan praised his platform’s 100% uptime while accusing centralized exchanges like Binance of significantly underreporting liquidation data. The exchange between Yan and former Binance CEO Changpeng Zhao highlights fundamental transparency differences between decentralized and traditional crypto trading platforms during periods of extreme market volatility.
read moreXRP Open Interest Plunges 50% Amid Market Shakeup
XRP’s derivatives market has experienced a dramatic collapse with open interest plummeting over 50% in a single weekend, signaling a fundamental shift in market sentiment as traders exit leveraged positions. According to data from Coinglass, XRP’s futures open interest crashed from $8.36 billion on October 10 to approximately $4.22 billion by October 14, representing one of the most severe deleveraging events in recent cryptocurrency history. This massive reduction in derivatives activity occurred alongside XRP’s volatile price swing from $2.4 to $0.8 before recovering to $2.46, suggesting the current rally is driven more by spot buyers than leveraged traders.
read moreBinance’s $200K Crypto Donation Grows to $37M Unclaimed
A $200,000 cryptocurrency donation made by Binance to a Maltese cancer charity in 2018 has appreciated to approximately $37 million but remains inaccessible due to unresolved verification requirements. The funds have been sitting dormant in the receiving wallet for six years despite their extraordinary growth, with Coinbase executive Conor Grogan recently highlighting the situation and calling for local authorities to help resolve the dispute.
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