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14 May 2026, 23:55
BitForex Founder Moves $48.2M in BNB From Binance, On-Chain Data Shows
BitcoinWorld BitForex Founder Moves $48.2M in BNB From Binance, On-Chain Data Shows An address linked to BitForex founder Garrett Jin has acquired 71,066 BNB tokens, valued at approximately $48.22 million, from the Binance exchange roughly five hours ago, according to on-chain analytics platform Onchain Lens. The transaction adds to a series of significant movements from Jin-associated wallets over the past two weeks. Large-Scale ETH Deposits Precede BNB Purchase Beyond the recent BNB withdrawal, on-chain data reveals that over the preceding two weeks, Jin deposited a total of 577,896 ETH, worth an estimated $1.35 billion, into Binance. This pattern of substantial deposits followed by a large token purchase raises questions about the strategy behind these fund movements, though no official statement from Jin or BitForex has been released. Context and Market Implications The movements come amid a period of heightened scrutiny for BitForex, a cryptocurrency exchange that has faced regulatory challenges and withdrawal suspensions in recent months. The transfer of such large volumes of ETH to a major exchange like Binance often signals potential selling pressure or strategic repositioning by large holders, commonly referred to as whales. Why This Matters for Crypto Markets Transactions of this magnitude are closely monitored by market participants because they can influence short-term price action and liquidity. The BNB purchase, in particular, may indicate a shift in asset allocation by a prominent industry figure. However, without direct confirmation, the intent behind these moves remains speculative. On-chain analysts will continue to track the associated wallets for further activity. Conclusion The coordinated deposit of $1.35 billion in ETH to Binance and subsequent withdrawal of $48.2 million in BNB by an address tied to BitForex founder Garrett Jin represents one of the larger wallet activity patterns observed this quarter. While the rationale is not yet public, the scale of the transactions warrants attention from traders and compliance observers alike. Further developments may emerge as the market digests these movements. FAQs Q1: Who is Garrett Jin? Garrett Jin is the founder of BitForex, a cryptocurrency exchange. He has been a notable figure in the crypto space, and his wallet activity is often tracked by on-chain analysts. Q2: Why is this BNB purchase significant? The purchase of $48.2 million in BNB from Binance is significant due to its size and because it follows large ETH deposits. Such whale movements can signal strategic shifts or potential market impact. Q3: What is Onchain Lens? Onchain Lens is a blockchain analytics platform that tracks and reports large cryptocurrency transactions and wallet activities, providing transparency into on-chain movements. This post BitForex Founder Moves $48.2M in BNB From Binance, On-Chain Data Shows first appeared on BitcoinWorld .
14 May 2026, 23:45
Shiba Inu (SHIB) Collapses 60% in a Year: 3 AIs Reveal What Might Trigger a Big Revival
It was late 2021 when the self-proclaimed Dogecoin killer shocked the crypto world with a massive price surge, pushing its market capitalization above $40 billion. However, that peak was short-lived, and Shiba Inu headed south before staging an evident resurgence in 2024 (though it did not reach its historical peak). The past year has been nothing but disappointing for the token, whose price is down by 60%. And while disbelief may be currently running high within the community, we asked three of the most popular AI-powered chatbots what may could potentially spark a major revival. The Catalysts According to ChatGPT, SHIB is no longer viewed purely as a meme coin, meaning its future increasingly depends on whether its ecosystem is actually used. One main factor that could fuel a revival is massive Shibarium adoption. The layer-2 scaling solution was specifically designed to advance the Shiba Inu ecosystem by lowering transaction fees, improving speed, and enhancing scalability. It was officially launched in the summer of 2023, and in its early days, it sparked huge interest and facilitated multi-million-dollar transactions on a daily basis. Last year, though, the protocol was exploited , after which the numbers were drastically reduced. Next on ChatGPT’s list is Shiba Inu’s mechanism, adding that the meme coin’s “gigantic supply” has always been its biggest problem. “If daily activity becomes enormous – gaming, payments, DeFi, AI apps, etc. – burn rates could accelerate dramatically. A true revival probably requires the market believing the supply can shrink meaningfully over time,” it added. Last but not least, the chatbot assumed that the introduction of a spot SHIB ETF could positively impact the token’s price because it would attract more investors to the ecosystem. Recall that the US regulators have already approved the launch of such products with ETH, XRP, SOL, DOGE, and other altcoins as underlying assets. Perplexity agreed with ChatGPT’s remarks regarding the burn rate and Shibarium’s role, adding that a renewed meme coin season may also largely benefit SHIB: “When Dogecoin, Pepe, and similar coins start breaking out together, SHIB often benefits from sector-wide speculative flows rather than needing its own news first.” The ‘Bitcoin Effect’ and More The third chatbot we consulted was Google’s Gemini. It suggested that SHIB’s next breakout will largely hinge on Bitcoin’s price movement, noting that the meme coin has matured to a point where it’s unlikely to moon in isolation. “If Bitcoin (BTC) breaks out its all-time highs and market liquidity increases, ‘hot money’ typically rotates from Bitcoin to Ethereum, and then into high-risk/high-reward meme coins like SHIB,” it stated. In addition, Gemini touched upon the importance of whale activity. It claimed that Shiba Inu has a limited chance of posting an evident resurgence without the involvement of big investors. The post Shiba Inu (SHIB) Collapses 60% in a Year: 3 AIs Reveal What Might Trigger a Big Revival appeared first on CryptoPotato .
14 May 2026, 23:25
Circle Mints 250 Million USDC: A Look at Stablecoin Supply Growth
BitcoinWorld Circle Mints 250 Million USDC: A Look at Stablecoin Supply Growth Circle, the issuer of the USD Coin (USDC) stablecoin, has minted an additional 250 million USDC tokens. The transaction, detected by blockchain tracking service Whale Alert, originated from the USDC Treasury, a dedicated smart contract responsible for minting and burning the stablecoin. This latest mint brings the total circulating supply of USDC to over 28 billion tokens. What Drives a Large-Scale Mint? A mint of this size typically signals institutional demand for dollar-denominated digital assets. USDC is widely used as a liquidity bridge on centralized exchanges, a primary trading pair in decentralized finance (DeFi) protocols, and a settlement currency for cross-border payments. When Circle mints new USDC, it means that an equivalent amount of US dollars (or equivalent assets) has been deposited into reserve accounts. The process is transparent and verifiable through Circle’s regular attestation reports. This specific mint could be driven by several factors: an institutional client onboarding, a major exchange preparing for a listing or promotional event, or a DeFi protocol needing liquidity for a new pool. Without direct commentary from Circle, the exact catalyst remains speculative, but the market impact is often immediate. Market and Liquidity Implications An increase in USDC supply generally improves market depth on trading pairs, reducing slippage for large orders. For the broader crypto market, it is often interpreted as a neutral-to-bullish signal for liquidity, though it does not directly predict price movements for Bitcoin or Ethereum. The minting event also reinforces USDC’s position as the second-largest stablecoin by market capitalization, trailing Tether (USDT). Impact on DeFi and CeFi In DeFi, fresh USDC supply can lower borrowing rates on lending platforms like Aave and Compound, as the asset becomes more abundant. On centralized exchanges, it can lead to tighter spreads on USDC-denominated pairs. For institutional users, the mint provides immediate access to a regulated, dollar-pegged asset without relying on secondary market liquidity. Conclusion The minting of 250 million USDC is a routine yet significant event that highlights ongoing demand for regulated stablecoins. While the immediate effect is improved market liquidity, the underlying driver—whether institutional accumulation or exchange preparation—deserves attention from traders and analysts monitoring on-chain flows. Circle’s transparent minting process continues to provide verifiable data for market participants. FAQs Q1: Does minting new USDC affect its peg to the dollar? No. Each USDC token is backed by an equivalent amount of US dollars or short-term US Treasury securities held in reserve. Minting does not dilute the value of existing tokens. Q2: Who can request a USDC mint? Only Circle can initiate mints from the USDC Treasury. However, institutional clients and exchanges can request mints by depositing fiat currency with Circle, which then triggers the on-chain mint. Q3: How can I verify the USDC supply? The total circulating supply is publicly verifiable on blockchain explorers like Etherscan for the Ethereum network, as well as on Circle’s official transparency page, which publishes monthly attestation reports. This post Circle Mints 250 Million USDC: A Look at Stablecoin Supply Growth first appeared on BitcoinWorld .
14 May 2026, 23:00
Bitcoin Is Only One Leg From Hitting A Bottom, But How Low Can It Go?
Crypto analyst Bee has forecasted a major price bottom for Bitcoin (BTC), the world’s largest digital currency. Despite its recent rally above $80,000 , the expert still believes that BTC remains in a broader bearish market, likely viewing the latest price gains as a temporary bounce. While some analysts think that Bitcoin’s downtrend is over and others project a bottom around the $50,000 range, Bee expects BTC’s price to decline even lower before a sustained rally can begin. Bitcoin Price Set To Bottom Around $42,000 In an X post on May 11, Bee said that Bitcoin is just one leg away from reaching its historical cycle bottom . The market expert shared a video chart analysis highlighting technical patterns and historical trends to support their bearish Bitcoin price outlook. The analyst’s chart shows that Bitcoin has been forming multiple ascending channels within a broader descending channel since reaching a cycle peak above $126,200 in October 2025. After recording this all-time high, Btc crashed to $82,167, forming a lower low, where the first ascending channel began. Within this channel, the cryptocurrency traded sideways for months before rallying again to touch the upper boundary of the pattern at around $97,855. After that lower high was reached, BTC began crashing again, but this time, the decline was even sharper and more severe. The cryptocurrency had fallen to $59,900 around February 2026, forming a lower low that many analysts still consider BTC’s final cycle bottom . Since hitting that floor, Bitcoin has been on a steady upward rally with occasional pullbacks and volatility impacting its price. The latest jump saw the cryptocurrency skyrocketing above $83,000, which Bee marks as the second-lowest high since the 2025 ATH. However, after being rejected at that level , the analyst predicts that Bitcoin’s next move could see its price crash to $43,035. Notably, a decline to this bottom would represent a more than 45% drop from Btc’s price levels above $79,000, at the time of writing. BTC Rally To $100,000 Will Only Come After Bottom In the same analysis, Bee explained that bear market cycles typically last 365 days. At the time of his post, he said that Bitcoin’s current bear market is on its 217th day, reinforcing his bearish outlook on its price. Because of this gap, he believes that BTC still has more room for a final flush. Once a bottom is reached, Bee expects the market to likely reset and begin a sustained recovery back to $100,000 by 2027. However, he boldly projected that this milestone will not be achieved before a bottom is formed. This shows that the analyst still sees Bitcoin’s market structure as heavily bearish despite recent price increases and shifting sentiment.
14 May 2026, 23:00
Solana Structure Remains Bullish Despite Short-Term Correction Pressure
Solana has entered a temporary correction phase following its strong breakout move, with profit-taking slowing momentum near key resistance levels. Even so, the overall market structure remains constructive, as the asset continues to hold above important support zones. If bulls regain strength and reclaim nearby resistance, SOL could be preparing for another leg higher within its broader bullish trend. First Target Zone Cleared Following 10% Breakout Rally The current market structure for Solana continues to lean bullish following its recent breakout above a key trendline resistance. According to analyst Bitcoin Meraklısı, the asset managed to hit its first upside target zone after an impressive rally of nearly 10%. However, once the price reached that area, sellers began stepping in, leading to profit-taking activity. Related Reading: Solana (SOL) Dips Modestly, But Traders Still Expect Bigger Move The recent decline is currently being interpreted as part of a short-term correction rather than the beginning of a broader bearish reversal. After such a strong move higher, temporary pullbacks are considered natural, with the analyst noting that dips toward the $92 level would still fit within a technically healthy structure. For SOL to resume its bullish continuation, the price must break back above the key $98 resistance zone and hold above it successfully. A decisive move beyond this level would signal renewed strength from the bulls and could pave the way for another push toward the higher targets highlighted on the chart. Momentum may have cooled in the short term, but there are still no major signs of breakdown or trend deterioration at this stage. Solana Breaks Out Of Long-Term Descending Channel According to an analysis by CryptoXLARG, SOL has successfully broken out of a long-term descending channel, marking a significant structural shift. The asset is currently in a phase of consolidation within the $92 and $95 range, serving as the necessary foundation for a trend reversal after months of downward pressure. Related Reading: Solana Finds Strong Support At $84, But Its Network’s User Activity Is Fading The primary hurdle for bulls is securing a sustained move above the $95 mark. Once this level is confirmed as new support, the technical path opens toward $102.70 and, extending to $106.50 and $118.26. In a high-momentum market environment, CryptoXLARG indicates that macro targets as high as $143 and $163 could eventually come into play. On the defensive side, the $92 level acts as the immediate support floor to maintain short-term optimism. Should volatility increase, deeper support levels are situated at $89 and $78. A failure to hold $78 would effectively invalidate the current bullish structure and likely trigger a deeper correction back toward $70. Ultimately, the validity of this breakout hinges on SOL’s ability to hold its ground above the $95 pivot. While losing the $92 support would significantly weaken the structure. Featured image from Pixel Plex, chart from Tradingview.com
14 May 2026, 23:00
A HYPE whale just placed a $72 mln bearish bet — What does it know?
A crypto whale opened $72 million in short bets, putting Hyperliquid's price under bearish pressure.
