Examining Binance's asset stability amid SEC Lawsuit, growing FUD and more

Despite market turbulence, Binance's assets showed only a modest decline, easing concerns. Binance CEO addressed FUD, clarifying outflows and emphasizing the impact of price drops. The recenThe post Examining Binance's asset stability amid SEC Lawsuit, growing FUD and more appeared first on AMBCrypto.

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Binance, Binance.US, and Coinbase collectively lose $4B in outflows

The US SEC has sued both Coinbase and Binance for allegedly violating securities laws. Most of the outflows are occurring through Ethereum Network. Between Monday and Thursday, there was a net outflow of $3.

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Binance Sees $8B in Asset Outflows Following SEC Lawsuit

Data from DeFillama showed that Binance total assets declined by more than $8 billion to $55.95 billion as of press time. The post Binance Sees $8B in Asset Outflows Following SEC Lawsuit appeared first on BeInCrypto.

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Binance Bitcoin Outflows Continue, Something To Worry About?

On-chain data shows Binance has continued to observe Bitcoin outflows amid recent uncertainty. Is this something you should worry about? Binance Has Observed Peak Bitcoin Outflows Of 14,000 BTC Just a few days ago, the US Securities and Exchange Commission (SEC) sued the cryptocurrency exchange Binance and its CEO, Changpeng Zhao, over alleged securities fraud. […]

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On-chain report: Where are funds moving after SEC sues Coinbase? Ether outpacing Bitcoin withdrawals

Key Takeaways The SEC sued Binance on Monday and Coinbase on Tuesday 5% of Coinbase’s Ethereum balance was withdrawn Tuesday, with around 3% of Binance’s reserves withdrawn Overall, the movements are not significant compared to previous episodes or average daily outflows Bitcoin saw even less withdrawals, negligible amounts withdrawn from each exchange Coinbase’s lawsuit presents […] The post On-chain report: Where are funds moving after SEC sues Coinbase? Ether outpacing Bitcoin withdrawals appeared first on CoinJournal.

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Binance experiences minor Bitcoin outflows despite SEC lawsuit fears

Quick Take Bitcoin outflows on June 7 from Binance seem rather small compared to previous capitulations.  Roughly 12,000 Bitcoin have left Binance on June 7. In the past year, especially during the FTX collapse, Binance saw 40,000 Bitcoin level the exchange in one day.

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Nansen data shows nearly $600M in outflows at Binance, Coinbase

Binance and Coinbase have cumulatively seen net outflows of $597. 2 million across all protocols during the last 24 hours, according to data from blockchain analytical firm Nansen. A breakdown of the data showed that Binance and its U.

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Not Immune To FUD? Binance Sees $1.5 Billion In Outflows In 24 Hours

EThe United States Securities and Exchange Commission (SEC) announced on June 5 that it had sued the largest crypto exchange in the world, Binance, for alleged securities fraud. The announcement triggered a market crash as BNB’s price and others suffered, and users clamored to remove their crypto from the exchange.

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DEX Volumes Surge After SEC Cracks Hammer on Binance 

Decentralized exchange Uniswap V3 saw its trading volumes spike to over $800 million in the past 24 hours as Binance outflows rise to $305 million after SEC lawsuit. The post DEX Volumes Surge After SEC Cracks Hammer on Binance  appeared first on BeInCrypto.

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SEC’s Binance lawsuit triggers market-wide selloff: CryptoSlate wMarket Update

The cryptocurrency market saw net outflows of over $40 billion over the last 24 hours and currently stands at $1. 09 trillion — down 3. 53% from $1. 13 trillion. During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 3.

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OKX, Crypto.com and Bybit benefit as Binance crypto outflows surge

While the crypto market showed no signs of letting up after the US Securities and Exchange Commission (SEC) sued Binance, the exchange has suffered increased crypto outflows. The SEC sued Binance, its US affiliate, and its founder Changpeng “CZ” Zhao on claims of violating federal securities laws.

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Binance net outflows hit $778M on Ethereum since SEC charges: Nansen

The SEC lawsuit against Binance led to outflows of over $750 million on Ethereum in the past 24 hours, with outflows still exceeding inflows.

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Binance sees net outflows of $69 million in one hour

Amid the recent legal action taken by the SEC against Binance and its CEO Changpeng Zhao, cryptocurrency traders are swiftly withdrawing their funds from the crypto exchange.

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Binance Endures $69M in Net Outflows Within an Hour, Amid SEC Charge: Nansen

The world’s largest crypto exchange was sued for multiple securities law violations by the U.S. Securities and Exchange Commission on Monday.

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Binance says Bitcoin ‘outflows’ are internal wallet movements

Crypto exchange Binance has clarified that the large volume of Bitcoin (BTC) outflows most data aggregators reported was false. According to a May 8 tweet, the exchange said the reported “outflows” were internal movements between its hot and cold wallets due to its address adjustments.

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Panic Over Massive Bitcoin Outflows Unfounded. Here's Why

The majority of the bitcoin transfers were simply internal transactions to new change addresses within Binance, with actual outflows amounting to a significantly smaller figure

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Binance, Coinbase Endure $700M in Staked Ether Outflows as Decentralized Liquid Staking Protocols Gain

Investors are ditching the centralized exchange giants to stake their ETH holdings on decentralized alternatives amid regulatory concerns, and as they chase higher rewards, crypto analysts say.

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How Binance became the latest 'talk of the town' thanks to this tittle tattle

Binance sees large outflows of BUSD linked to the Cobie’s hash prediction. The crypto exchange stood at the receiving end of some FUD-inducing false prediction. Cryptocurrency exchange BinThe post How Binance became the latest 'talk of the town' thanks to this tittle tattle appeared first on AMBCrypto.

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CryptoQuant shows outflows from Binance after CFTC lawsuit

Data from on-chain analytics provider CryptoQuant showed that investment outflows from Binance during three of its most recent stressful events remained within historical ranges.

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Binance Faces $2 Billion Outflows as Challenges Pile Up

Binance, a leading cryptocurrency exchange, is currently dealing with over $2 billion in outflows amid mounting difficulties

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Binance's BUSD Stablecoin Suffers $500M Outflows After CFTC Lawsuit

Some analysts say Binance’s recent decision to include other stablecoins in its zero-fee trading program could have contributed to lesser dependence on BUSD.

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CryptoSlate wMarket Update: CFTC’s Binance lawsuit puts bears in control of market — pushes BTC below $27,000

The cryptocurrency market cap saw net outflows of $40 billion over the last 24 hours and currently stands at $1.12 trillion — down 3.42% from $1.16 trillion. The post CryptoSlate wMarket Update: CFTC’s Binance lawsuit puts bears in control of market — pushes BTC below $27,000 appeared first on CryptoSlate.

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Binance Sees Limited $218 Million Outflows in Hours: Details

Markets continue to monitor recent events

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Binance outflows jump to $772M after the new CFTC lawsuit

Binance saw huge outflows after the Commodity Futures Trading Commission (CFTC) complicated the company’s legal situation in the United States.   Data compiled by DeFi Llama shows that Binance clients withdrew over $772 million from the exchange in the past 24 hours.

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Binance Sees $218 Million In Outflows Following CFTC Lawsuit

Following the announcement of the lawsuit by the US Commodity Futures Trading Commission (CFTC) against Binance, the world’s largest cryptocurrency exchange, there have been reports of significant capital outflows.

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Binance-linked addresses plunge by over $1B following CFTC lawsuit

On-chain data shows that addresses related to Binance are recording outflows following the lawsuit filed against it by the Commodity Futures Trading Commission (CFTC). The post Binance-linked addresses plunge by over $1B following CFTC lawsuit appeared first on CryptoSlate.

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BNB coin price stumbles as Binance outflows hit $2.3 billion

Binance Coin (BNB/USD) price drifted lower amid rising outflows in Binance’s ecosystem dropped. The BNB coin dropped to a low of $290, which was the lowest level since February 13th of this year.

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$1 Billion Outflows Recorded on Binance in Wake of BUSD News: Details

Binance records $1 billion in outflows as withdrawals surge in wake of BUSD news

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Binance Withdrawals Surge as Paxos-BUSD Drama Weighs on the Exchange

Binance has endured some $828 million of net outflows in the past 24 hours, Nansen data shows. Monday’s outflow is the largest in a day since November, surpassing the withdrawal surge in December amid fears about Binance’s reserves.

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BNB coin price slips amid Binance outflows, BUSD woes

Binance Coin has made a strong bearish breakout in the past few hours. Paxos was ordered by US regulators to stop minting BUSD. Binance has seen significant outflows in the past 7 days. Binance Coin (BNB) price pulled back on Monday, becoming the worst-performing big-cap coin, as regulatory concerns continued.

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Voyager Approved for $1B Asset Sale to Binance Despite Questionable Exchange Outflows

A U.S. bankruptcy court has approved Voyager Digital’s proposed $1 billion sale of its assets to Binance.US., as the exchange undergoes significant withdrawals. The post Voyager Approved for $1B Asset Sale to Binance Despite Questionable Exchange Outflows appeared first on BeInCrypto.

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Binance Outflows See 25% of Assets Removed in Under Two Months, Says Analysis

Binance has reportedly lost almost 25% of its assets in less than 60 days as CEO Changpeng ‘CZ’ continues without CFO. The post Binance Outflows See 25% of Assets Removed in Under Two Months, Says Analysis appeared first on BeInCrypto.

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How will the rising Binance outflows affect BNB price?

Binance has had significant outflows in the past few months. Customer assets in its ecosystem have fallen to about $55 billion. Binance is in trouble as crypto investors flee. The company has seen its assets drop from over $70 billion in November to about $55 billion.

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Binance Coin Price Prediction: Is All This Fear Warranted?

Binance Coin price has dropped sharply in the past few days. Binance has continued to experience significant outflows. Binance Coin price has come under intense pressure in the past few weeks amid rising concerns about the ecosystem.

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Binance outflows slow down despite audit concerns

Binance's customer outflows appear to be slowing, according to blockchain data from two digital-asset analytics firms.

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$5 Billion Withdrawn from Binance (BNB) Following Recent Turmoil

Outflows from Binance reached $5 billion in two days following criminal charges rumors

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Binance sees the largest outflow of stablecoins in 24 hours

Crypto exchange Binance faced the largest stablecoin (BUSD+USDT+USDC) outflows in 24 hours, amounting to $2.159 billion. The post Binance sees the largest outflow of stablecoins in 24 hours appeared first on CryptoSlate.

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Crypto community members discuss bank run on Binance

According to CEO Changpeng Zhao, Binance has seen outflows of an estimated $1.14 billion from the exchange.

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Binance net withdrawals topped $3.6B over the last 7 days: Report

The sudden uptick in outflows may have been caused by market makers leaving the exchange.

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XRP Whales Are Moving Millions From Binance as Looming Litigation Causes Record Outflows

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Binance Ethereum-based token withdrawals top $2B in 24 hours

Binance recorded over $2 billion in outflows in Ethereum-based tokens since December 12 –its highest daily withdrawal since June– according to Nansen data. The post Binance Ethereum-based token withdrawals top $2B in 24 hours appeared first on CryptoSlate.

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Binance Withdrawals Surge as Concerns About Its Reserve Report Spook Traders

Binance endured $902 million of net outflows in the past 24 hours, according to data by Nansen.

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Binance Users Withdrew $1.35B of Bitcoin in Days Following FTX Collapse

Cryptocurrency exchange Binance experienced record levels of bitcoin, ethereum and stablecoin outflows over the weekend after the collapse of FTX.

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Binance Flips Coinbase, Now Has Highest BTC for Exchanges

Coinbase has experienced net outflows of Bitcoin for past two years

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285 Million UST Sold by Single Wallet on Curve and Binance Triggers Huge Outflows

LUNA supporters, however, believe that this might be a "deliberate and coordinated attack"

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Data Shows Bitcoin Selling On Binance Has Been Weakening Recently

On-chain data shows Bitcoin selling on the crypto exchange Binance has started to weaken in recent weeks as outflows have shot up. Binance Has Observed Negative Bitcoin Netflows Recently As pointed out by an analyst in a CryptoQuant post, the world’s largest crypto exchange by trading volume, Binance, has seen a decline in BTC dumping […]

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Total exchange BTC inflows have been net negative since July 2021

There have been more outflows than inflows to most exchanges except Binance, FTX, Bittrex and Bitfinex since last July, suggesting sellers may be exhausted according to Glassnode.

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Binance Bitcoin Balances Are Draining: 40,000 BTC Moved Away from Biggest Crypto Exchange

Binance is facing more outflows, but this time it might not be "natural"

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120,000 ETH Outflows Binance, Bithumb as Ethereum Challenges Bitcoin Dominance

CryptoQuant reported that almost half a billion USD in Ether have been withdrawn from multiple spot exchanges, and half of that amount was moved off Binance and Bithumb

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