6 May 2025, 19:55

DeFi Lending Altcoin Explodes After Binance Announces Surprise Trading Support

The world’s top crypto exchange by trading volume is listing two new decentralized finance (DeFi) altcoins. According to a new announcement , Binance is listing Maple Finance ( SYRUP ) and Kamino Finance ( KMNO ) with a seed tag applied. “Binance will list Maple Finance (SYRUP) and Kamino Finance (KMNO) and open trading for the following spot trading pairs at 2025-05-06 15:00 (UTC). New Spot Trading Pairs: SYRUP/USDT, SYRUP/USDC, KMNO/USDT, and KMNO/USDC.” Binance’s seed tag is a classification for cryptocurrencies that are in their early development stages and may not yet have a fully established product or user base. Said tokens tend to be highly volatile and carry greater investment risks compared to more mature assets. Maple Finance is a DeFi platform designed for institutional lending, providing accredited borrowers with fixed-rate loans that require substantial collateral. By leveraging blockchain and smart contracts, it aims to enhance transparency and streamline traditional credit markets, with the goal of making borrowing more efficient. SYRUP has responded positively to the announcement, trading for $0.242 at time of writing, up 42% on the day. Kamino Finance is a DeFi platform on Solana ( SOL ) designed to streamline yield generation with automated liquidity management. KMNO saw less of a boost from the announcement, currently up 3% in the last 24 hours, trading for $0.078 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post DeFi Lending Altcoin Explodes After Binance Announces Surprise Trading Support appeared first on The Daily Hodl .

6 May 2025, 19:44

Ex-Binance CEO CZ Calls For Bitcoin’s Mega Leap To $1 Million In This Market Cycle

Binance founder and former CEO Changpeng “CZ” Zhao has suggested that a bullish Bitcoin breakout is on the horizon — one that could potentially take the price of the world’s largest cryptocurrency by market cap to $1 million in the current market cycle. Why $1 Million BTC Is Coming People often think they’re too late to buy Bitcoin because it’s already worth over $94,000. However, Binance’s Changpeng Zhao believes significant upside has yet to play out for the asset. During a recent interview with Rug Radio, Zhao forecasted that BTC could surge to anywhere between $500,000 and $1 million this cycle. He also believes that the total market capitalization could hit $5 trillion by the end of this year. CZ cited the role of spot Bitcoin exchange-traded funds (ETFs) in this parabolic surge, noting that the increasing institutionalization of Bitcoin is a boon for the market: “There’s the ETFs. There’s this institutionalization of Bitcoin [ … ] it’s a positive in terms of price action, obviously. Our bags are up — not the alt‑coins as much, but at least Bitcoin is.” In his opinion, ETFs are “bringing the traditional institution money into crypto,” and most of the money in the US is institutional money.” The crypto billionaire says Bitcoin is soaring higher because most of the ETFs are BTC-based. Zhao also stressed that nation-states are increasingly acquiring Bitcoin as well, which bodes well for the price action. He added: “It’s also very good validation.” The former Binance boss further highlighted that the US has notably “pivoted 180 degrees under a pro-crypto president,” since President Trump’s return to the Oval Office. “They’re smart enough to recognise that buying Bitcoin is a great move, and now other countries will have to follow,” he quipped. Recent Bitcoin Performance CZ is not new to seven-figure Bitcoin price predictions. Earlier this year, the ex-Binance CEO highlighted the $1 million milestone in an X post , foreseeing a hypothetical headline about the BTC price crashing from $1,001,000 to $985,000 levels. Back in 2020, CZ had similarly called for $100,000 BTC, imagining a fall from $101,000 heights to $85,000. The forecast came to pass as Bitcoin eventually breached the $100K mark in December 2024. The benchmark crypto was priced at $95,112 as of press time, according to CoinGecko data . It set its current all-time high of nearly $109,000 back in January ahead of President Donald Trump’s inauguration. Meanwhile, the global crypto market cap hovers at around $3.03 trillion.

6 May 2025, 19:27

Developers of This Altcoin Sent a Total of 500 Million Tokens to Binance for an Airdrop Distribution

Movement (MOVE), perhaps one of the most controversial altcoins of recent days, announced in its official statement that it sent 500 million MOVE tokens to the cryptocurrency exchange Binance to be distributed to users via a Launchpool. MOVE, an altcoin listed on major cryptocurrency exchanges such as Binance, Upbit, and Coinbase, recently came to the fore with allegations that a market maker artificially inflated the token’s price ahead of its launch, as well as an investigation into its developers. We have just transferred 500m $MOVE tokens to Binance for Launchpool Season 2. https://t.co/SArYxpocis — Movement Network Foundation (@movementfdn) May 6, 2025 MOVE has fallen by 50% in the last month due to the impact of the allegations, and its market value has dropped to around $400 million. Related News: HOT MOMENTS: US President Donald Trump Says He Will Make a Big Announcement - The Market Reacts! Here Are the Details Launchpool, which has not yet been announced by Binance, will actually be the second Launchpool event for this token. At the time of the launch, MOVE was also launched with a similar event. The first event was distributed only to users who held BNB through the Binance HODLer Airdrop program. The second event is likely to be the same. The value of the 500 million MOVE tokens to be distributed is $84 million at the time of writing, which means that a significant amount of tokens will be unlocked compared to the total market value. *This is not investment advice. Continue Reading: Developers of This Altcoin Sent a Total of 500 Million Tokens to Binance for an Airdrop Distribution

6 May 2025, 19:24

21Shares launches ETP for Crypto.com's Cronos token

21Shares has launched an exchange traded product (ETP) in Europe, providing investors with exposure to Crypto.com’s Cronos token, the asset manager said. The ETP is listed on Euronext’s Paris and Amsterdam exchanges, 21Shares said in a May 6 announcement. Cronos ( CRO ) is a layer-1 blockchain network affiliated with Crypto.com, a centralized exchange. The chain is designed to integrate with the Ethereum and Cosmos ecosystems and support “decentralised finance (DeFi), NFTs, and Web3 applications,” 21Shares said. The ETP aims to provide investors with a “straightforward way to integrate CRO into their portfolios through traditional banks and brokers, eliminating the need to directly handle digital wallets or exchanges,” 21Shares said. The CRO token’s historical performance. Source: CoinMarketCap “By launching a Cronos ETP, we are offering investors regulated exposure to a blockchain ecosystem that is driving real-world adoption,” Mandy Chiu, 21Shares’ head of financial products development, said in a statement. Related: Standard Chartered sees BNB more than doubling in 2025 The CRO token has a market capitalization of approximately $2.3 billion and a fully diluted value (FDV) of nearly $8.7 billion, according to data from CoinMarketCap. Cronos has a total value locked (TVL) of approximately $400 million, according to data from DeFiLlama. Its DeFi ecosystem includes Crypto.com’s liquid Ether staking token, Crypto.com Staked ETH, which has nearly $64 million in TVL, the data shows. Cronos’ TVL. Source: DeFiLlama Altcoin ETFs abound On May 5, asset manager VanEck filed to list an exchange-traded fund (ETF) in the US tied to yet another exchange-affiliated token. The VanEck BNB ETF is the first proposed ETF in the US holding BNB Chain’s native token, BNB. The chain is affiliated with Binance, the world’s largest centralized exchange. In the US, 21Shares has proposed ETFs holding cryptocurrencies including Dogecoin ( DOGE ), Polkadot ( DOT ), and Solana ( SOL ). Asset managers are seeking the US Securities and Exchange Commission’s (SEC) permission to list upward of 70 cryptocurrency ETFs. The wave of filings has come as a result of US President Donald Trump softening the SEC’s regulatory posture toward crypto after taking office in January. Magazine: Solana ‘will be a trillion-dollar asset’: Mert Mumtaz, X Hall of Flame

6 May 2025, 18:45

Crypto Exchange OKX To Launch New Security System After Scrutiny From EU Regulators

OKX is restarting its decentralized exchange (DEX) aggregator with a new security system after falling into hot water with regulators earlier this year amid fallout from the record-setting Bybit hack. OKX chief executive Star Xu announced on the social media platform X on Sunday that OKX’s DEX would restart with a “real-time abuse-detecting and blocking system.” “OKX Web3 is [the] Chrome and search engine to [the] blockchain. [Based] on our understanding of on-chain data, we help customers access hundreds [of] chains’ real-time data, manage multiple chains’ assets and engage with millions [of] DApps (decentralized applications).” Traders use data from DEX aggregators to find the best-priced trades across various decentralized exchanges. In March, OKX announced it had decided to “temporarily suspend” its DEX aggregator after consulting with regulators. The suspension materialized after hackers stole a staggering $1.4 billion worth of Ethereum ( ETH ) and Lido Staked Ether ( stETH ) from the crypto exchange Bybit in February. Pseudonymous on-chain investigator ZachXBT linked the exploit to the Lazarus Group, an infamous North Korean cybercriminal outfit. Ben Zhao, Bybit’s chief executive, said after the hack that $100 million worth of the stolen ETH was moved through OKX’s Web3 proxy. “Out of them, 16,680 ETH we can trace [and] 23,553 ETH or $65 million (~5%) is untraceable, which requires info from OKX Web3.” In March, Bloomberg, citing “people with knowledge of the matter,” reported that European Union (EU) crypto regulators were looking into OKX. OKX acknowledged that it detected a coordinated effort by the Lazarus Group to misuse its decentralized finance (DeFi) services. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Exchange OKX To Launch New Security System After Scrutiny From EU Regulators appeared first on The Daily Hodl .

6 May 2025, 18:35

Coinbase Global Stock (COIN) Is Downgraded Ahead of Earnings

The crypto exchange reports earnings on May 8.