Binance remains the top destination for altcoin and stablecoin deposits, significantly outperforming rivals such as Coinbase and Bybit. During the November-December 2024 altcoin rally, Binance recorded 59,000 daily altcoin deposits—more than double Coinbase’s 26,000. Stablecoin inflows on Ethereum and TRON further cement Binance’s dominance, with 53,000 USDT/USDC transactions on Ethereum and 384,000 USDT on TRON in just seven days. Analysts note that large stablecoin inflows and BTC withdrawals often precede market movements, suggesting Binance is a key liquidity hub. With over 60,000 BTC in unrealized profits and $400M daily stablecoin inflows in June, Binance’s influence on market dynamics is undeniable.
about Binance Leads in Altcoin & Stablecoin TransactionsOKX
0 in Finance and 0 in Crypto last weekThailand Approves 5-Year Crypto Tax Break to Boost Digital Hub
The Thai government has approved a five-year exemption on personal income tax for capital gains from digital asset sales, effective from January 2025 to December 2029. Deputy Finance Minister Julapun Amornvivat highlighted the measure as a step to boost Thailand’s digital asset market and token-based fundraising. The Thai Revenue Department is also implementing the Crypto-Asset Reporting Framework (CARF) to enhance transparency. Meanwhile, foreign investors face restrictions due to strict KYC policies. Thailand has also introduced tokenized government bonds (G-tokens) and cracked down on unlicensed exchanges like Bybit and OKX. Separately, Vietnam has passed legislation to regulate crypto assets, effective in 2026, as it seeks to become a regional digital hub.
about Thailand Approves 5-Year Crypto Tax Break to Boost Digital HubOKX Launches Regulated Crypto Exchanges in Germany & Poland
OKX has officially launched regulated crypto exchanges in Germany and Poland, set to go live on June 17, 2025. The platforms will offer over 270 digital assets, including 60 euro trading pairs, with localized interfaces and SEPA support. The move aligns with strict EU regulations like MiCA and MiFID II, positioning OKX ahead of competitors still awaiting regulatory approval. The exchange also appointed regional managers to strengthen its presence in Central and Eastern Europe. However, OKX simultaneously announced the delisting of eight altcoin pairs, signaling strategic adjustments. Additionally, OKX has partnered with Standard Chartered for institutional collateral solutions and with Mastercard to launch a stablecoin-powered payment card, bridging TradFi and crypto.
about OKX Launches Regulated Crypto Exchanges in Germany & PolandGemini, Coinbase Near EU Licenses Amid Regulatory Clash
Crypto exchanges Coinbase and Gemini are close to obtaining regulatory approvals to operate across the EU under the Markets in Crypto-Assets (MiCA) regulation, according to Reuters. Gemini is nearing approval from Malta, which has already licensed OKX and Crypto.com, while Coinbase is expected to receive a license from Luxembourg. The fast-tracked approvals have intensified debates among EU regulators, with concerns over inconsistent enforcement and a potential ‘race to the bottom’ in standards. The European Securities and Markets Authority (ESMA) is reviewing Malta’s procedures, as the EU grapples with balancing investor protection with its ambition to become a global crypto hub. The outcome could shape the future of crypto regulation in Europe, especially as the US moves toward deregulation.
about Gemini, Coinbase Near EU Licenses Amid Regulatory ClashGemini, Coinbase Set for EU-Wide Crypto Licenses
Gemini and Coinbase are nearing approval for EU-wide crypto licenses under MiCA, leveraging ‘passporting’ to operate across all 27 member states. Malta and Luxembourg are fast-tracking approvals, prompting concerns from EU regulators about inconsistent standards and diluted consumer protections. ESMA is scrutinizing Malta’s licensing process, while industry leaders like ICONOMI’s Peter Curk warn of a ‘race to the bottom’ if regulatory cohesion falters. The debate highlights the tension between national competition and harmonized oversight in the EU’s digital finance landscape.
about Gemini, Coinbase Set for EU-Wide Crypto Licenses$1.14B Crypto Liquidations Amid Middle East Conflict
The crypto market saw over $1.14 billion in liquidations within 24 hours, with long positions accounting for 91% of the total. Bitcoin fell 5% from $108,000 to $103,000 following Israeli airstrikes in Iran, triggering cascading liquidations. The largest single liquidation was a $201 million BTC-USDT order on Binance, which led exchanges with $456 million in total liquidations. Bitcoin and Ethereum were hit hardest, losing $444 million and $291 million respectively. The sell-off coincided with Israel’s Operation Rising Lion targeting Iranian nuclear facilities, sparking fears of retaliation. Despite Bitcoin’s perceived role as a hedge, its price action mirrored traditional risk assets, with 246,000 traders liquidated. Gold and oil rallied while crypto faced outflows, highlighting market sensitivity to geopolitical stress.
about $1.14B Crypto Liquidations Amid Middle East ConflictEthereum Leads $336M Crypto Liquidation Wave
Between June 11 and 12, the crypto market saw $336.84 million in liquidations, primarily driven by Ethereum’s sharp intraday correction, which accounted for $113 million. Bitcoin followed with $58.54 million in liquidations, while other majors like Solana and Dogecoin also suffered significant losses. Binance and Bybit dominated the liquidation volumes, with long positions bearing the brunt of the damage. This event highlights the risks of leveraged trading during low volatility periods, as traders were caught off guard by sudden downside moves. The largest single liquidation was a $2.15 million BTCUSD-PERP order on Binance, underscoring the one-sided positioning ahead of the price swing.
about Ethereum Leads $336M Crypto Liquidation WaveBitcoin Faces 75% Crash Warning Amid Price Surge
Despite Bitcoin’s recent 3.61% weekly gain, trading near $109,192, analyst Peter Brandt warns of a potential 75% crash—echoing the 2022 bear market. Brandt’s analysis suggests BTC could plummet to $27,290, erasing over two years of gains. Key technical signals, like the 9-period EMA crossing below the 21-period EMA, hint at a looming downturn. Derivatives data shows bearish sentiment, with shorts outweighing longs on major exchanges. While Bitcoin ETFs saw $57M in outflows, capital appears to rotate into Ethereum rather than exit crypto entirely. Traders are closely watching the $108,000 level as a make-or-break zone for BTC’s next major move.
about Bitcoin Faces 75% Crash Warning Amid Price SurgeBinance Whales Hold Bitcoin Despite Record Highs
Despite Bitcoin reaching all-time high levels, Binance whales are holding their assets rather than selling, contrary to typical market behavior. Data from CryptoQuant shows Bitcoin inflows to Binance are below average, with recent figures around $3 billion compared to peaks of $5.3 billion and $8.45 billion in early 2024. Analysts interpret this as a sign of long-term confidence, with whales possibly anticipating higher prices. CoinGlass data reinforces this trend, showing large Bitcoin withdrawals from major exchanges like Binance ($114.95M) and Coinbase ($92.62M). The quiet behavior of whales suggests a strategic hold rather than a rush to sell, potentially signaling a market shift away from immediate profit-taking.
about Binance Whales Hold Bitcoin Despite Record HighsEthereum Price Struggles Amid Market Downturn
Ethereum’s price has been consolidating between $2,500 and $2,700 after a bullish start in May, but a market-wide downturn pushed it toward $2,400 on June 6. On-chain analysis by CryptoQuant’s Crazzyblockk highlights the $2,392 realized price of Binance user deposit addresses as a crucial support level, given Binance’s dominance in ETH reserves and on-chain movement. If ETH stays above $2,500, most investors remain profitable, reducing sell pressure, but a drop below this level could trigger a wave of unrealized losses and increased downward momentum. Currently, ETH trades at $2,523, up 1.12% in 24 hours.
about Ethereum Price Struggles Amid Market DownturnEthereum’s $2,392 Level: A Key Psychological Threshold
Ethereum’s price stability above $2,500 is crucial as it keeps major holder groups like OKX users and active addresses in profit. However, a dip below $2,500 could push many into unrealized losses, potentially sparking widespread selling, especially from Binance users—the largest ETH holders among centralized exchanges. The $2,392 level, identified as the realized price for Binance deposits, acts as a psychological checkpoint; ETH recently bounced off this level, suggesting reluctance to sell at a loss. Meanwhile, Standard Chartered predicts Ethereum will outperform Solana by 2025, citing stronger fundamentals. The market’s sideways movement indicates anticipation, with the $2,392 threshold serving as a key indicator of future price action.
about Ethereum's $2,392 Level: A Key Psychological ThresholdCrypto Market Analysis: ETH, XRP, ADA, SOL, HYPE Trends
The crypto market shows mixed signals this week, with Ethereum (ETH) holding above $2,400 but facing potential breakdown risks if support fails. Ripple (XRP) gained modestly but remains range-bound between $2 and $2.6. Cardano (ADA) struggles, down 40% from January highs, while Solana (SOL) risks further drops below $152. Hype (HYPE) outperformed with a 7% gain post-exchange listings but shows signs of topping out. Overall, declining volumes and bearish indicators suggest cautious trading ahead.
about Crypto Market Analysis: ETH, XRP, ADA, SOL, HYPE Trends