EUR/USD 1.16783
0.003%
Gold 4616.86
2.163%
Oil 86.290
0.427%
USD/JPY 158.995
-0.035%
GBP/USD 1.36466
0.123%
GBP/JPY 216.979
0.098%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 23 - According to sources, some of Nvidias major customers have been notified that server prices equipped with its AI chips will increase by more than 15% in most cases. The sources say the price increase will take effect early next year, affecting systems equipped with flagship Vera Rubin and Grace Blackwell chips. The specific increase will depend on the chip generation and memory configuration. The relevant communications have not yet been made public. The sources indicate that companies that manufacture servers for major data center operators such as Microsoft, Google, and Oracle have recently informed their customers of the price increase.French Presidential Palace: Saudi Arabias Vision 2030 is being aligned with Frances investment plan, and the Mecca Agreement is reshaping the alliance structure in light of regional developments.According to the Lebanese National News Agency, Israel continues its attacks on southern Lebanon, with airstrikes targeting the villages of Majlzoun, Konin, and Mansouri.The US envoy suggested that Israels airstrikes against Syria might be a deliberate attempt to provoke conflict between Syria and Türkiye.August 23 – According to Nikkei, Japans state-owned trading company, Japan Trading Insurance Company (NEXI), will provide insurance for an infrastructure loan from the Inter-American Development Bank (IDB) to a southeastern Brazilian state. The two parties will sign the insurance contract on Monday, which covers the loan to Espírito Santo state. This will be NEXIs first time providing loan insurance to an international organization. This move aims to support Japanese companies access to South and Central American markets by leveraging information about the region and the IDBs risk assessment expertise. Expanding business in these regions is expected to help Japanese companies increase their purchases of resources such as crude oil and rare earth metals, thereby mitigating growing economic security risks.

Binance Net Withdrawals May Have Reached $12 Billion

Skylar Shaw

Jan 10, 2023 14:57

According to Forbes, Binance is rapidly losing assets

Forbes reports that despite the recovery in the cryptocurrency markets after the demise of the FTX exchange, the situation with Binance withdrawals has not yet normalized.


According to Forbes, Binance lost $12 billion in assets as a result of consumers continuing to withdraw money from the exchange. Interestingly, along with other cryptocurrencies, Binance's native cryptocurrency, BNB, just saw a significant recovery. The market value of Binance's stablecoin, BUSD, dropped from its November highs at the $23 billion mark to its current level of $16.4 billion.


According to Forbes' estimates, investors were lowering their exposure to Binance. As Binance is without a doubt the best centralized exchange, this is significant for the whole cryptocurrency industry. The business may have trouble luring in fresh capital if cryptocurrency investors continue to worry about the security of their money.


Markets for cryptocurrencies are rising at the start of the week.


It seems that cryptocurrency traders have now become used to the steady stream of bad news. The Forbes article on Binance received little response from the market, and cryptocurrencies kept on rising.


Ethereum surged in the direction of $1350 while Bitcoin stabilized over the $17,300 mark. Solana, which languished after the demise of FTX but recently had significant support, surpassed the $16.00 mark.


Whether withdrawals from the Binance exchange will exert any meaningful impact on the cryptocurrency market in the near future remains to be seen. In the past, Binance has said that it has no debt and that user assets were always fully supported.


It seems that the market thinks the exchange has no significant issues. Due to Binance's prominent position in cryptocurrency trading, the crypto markets may come under tremendous pressure if Binance displays any significant symptoms of weakness.


Suggestion