Onchain data from Bubblemaps revealed that roughly $250 million was withdrawn from decentralized perpetual exchange Lighter after it airdropped $675 million worth of LIT on Tuesday. In an X post, Bubblemaps questioned whether “all the (yield) farmers were leaving?” It also noted that Lighter users withdrew roughly $201.9 million worth of tokens on the Ethereum…
XRP holders now have a way to earn yield without selling their tokens or navigating complex DeFi strategies, with data-focused blockchain Flare’s earnXRP, an fully on-chain yield product denominated in XRP. The new vault allows users to deposit FXRP, a one-to-one representation of XRP on Flare, and earn returns that are compounded back into XRP,…
BNB recovered above $970 over the last 24-hour period after briefly falling to $953 during a volatile stretch that saw the token lose as much as 2.3% before it started recovering. The move comes amid mounting selling pressure driven by both technical breakdowns according to CoinDesk Research’s technical analysis data model. The initial drop, which…
SHIB$0.0₅9179, the world’s second-largest meme token by market value, has dropped over 5% in 24 hours, taking cues from the risk-off mood in the broader market characterized by bitcoin’s drop below its 200-day simple moving average. SHIB has dropped to $0.00000951 from $0.00001018, closing on key support zone, which marked downside exhaustion through October. BTC,…
Prediction market Polymarket will launch a token and airdrop a portion of it to users after it officially resumes operations in the U.S., the company’s chief marketing officer confirmed Thursday. “There will be a token, there will be an airdrop,” Polymarket CMO Matthew Modabber said on the Degenz Live podcast. But the launch isn’t imminent….
Binance Coin BNB$1,115.74 gained 3.3% in the last 24-hour period to trade at $1,126, outpacing broader crypto markets afterU.S. President Donald Trump issued a pardon for Changpeng Zhao, co-founder and former CEO of Binance. Zhao pleaded guilty in November 2023 to violating the Bank Secrecy Act and agreed to step down from the exchange he…