hodler

3 Jun 2026, 21:00

Binance ends NFT support on its exchange, gives users 30 days to withdraw

Binance has announced that it will shut down NFT support on its centralized exchange on July 3, 2026. Any current holders are expected to move their assets to self-custodial wallets or lose access permanently. NFT trading volumes have crashed from nearly $24 billion in 2022 to roughly $1.2 billion in 2026 so far. Other than Binance, other platforms that traded NFTs, like Nifty Gateway and Kraken NFT, have shut down. Binance pulls the plug on NFTs Binance first closed its dedicated NFT marketplace back in 2023. Now, the exchange is going further by removing NFT support from its main platform entirely. The company says this is an “upgrade” that moves NFT management to Binance Wallet, where users can access “Web3 and decentralized features” more easily. But for regular users who kept their NFTs on Binance to avoid dealing with seed phrases and gas fees, they have exactly one month to move their assets or have them become inaccessible. Non-transferable NFTs like Binance Academy certificates and certain event-based NFTs will become completely inaccessible after the deadline passes. However, Binance says it will issue PDF certificates to users holding non-transferable NFTs that certify course completion. Binance is offering 1 USDC to up to 100,000 users for completing eligible NFT withdrawals, but only for non-CR7 assets and only before June 17, 2026. Holders of Cristiano Ronaldo-linked CR7 NFTs are eligible for reimbursement until the 19th of July, but anyone who misses the June 17 cutoff for standard NFTs pays their own gas. What does the NFT market look like in 2026? Annual NFT trading volume reached roughly $23.8 billion in 2022, but in 2024 that figure dropped to about $8.9 billion. Even worse, in 2026, the current trading volume is roughly $1.2 billion. The NFT sector has been facing a prolonged downturn that has collapsed prices, leaving the current annual NFT trading volume at around $5.5 billion. Binance joins a growing list of platforms that have abandoned NFT operations. Gemini-owned Nifty Gateway , one of the oldest NFT trading platforms, shut down in February 2026 after facilitating over $300 million in sales at its peak during the 2021 digital art era. Kraken NFT and X2Y2 have also closed. NFT Paris, one of the sector’s marquee conferences, canceled its 2026 edition after four consecutive years, and Cryptopolitan reported that the organizers said the decision was due to the market crash and illiquid conditions. The cancellation reportedly left over 500,000 euros in sponsor fees unreimbursed, and the core team running the event was said to have left just before the final decision The smartest crypto minds already read our newsletter. Want in? Join them .

3 Jun 2026, 20:50

US Dollar Holds Steady as Markets Brace for Nonfarm Payrolls Report

BitcoinWorld US Dollar Holds Steady as Markets Brace for Nonfarm Payrolls Report The US Dollar maintained its recent strength on Wednesday, holding near multi-week highs against major peers as currency markets shifted focus squarely to the upcoming Nonfarm Payrolls (NFP) report. The greenback’s resilience comes amid a backdrop of cautious Federal Reserve commentary and mixed economic data, leaving traders in a wait-and-see mode ahead of the critical labor market release. Dollar Index Remains Elevated Ahead of NFP The US Dollar Index (DXY) traded steadily above the 105.00 mark, consolidating gains from the previous session. The index has been supported by a combination of factors, including expectations that the Fed will maintain a higher-for-longer interest rate stance and a recent uptick in US Treasury yields. The 10-year Treasury yield hovered near 4.60%, providing additional support for the dollar. Market participants are now pricing in a roughly 60% probability of a 25-basis-point rate cut at the Fed’s September meeting, down from over 70% a week ago. This shift in expectations has been driven by stronger-than-expected consumer spending data and persistent inflation readings, which have dampened hopes for aggressive easing. NFP Expectations and Market Implications Economists surveyed by Bloomberg expect the US economy to have added 190,000 jobs in May, down from 175,000 in April. The unemployment rate is forecast to hold steady at 3.9%, while average hourly earnings are projected to rise 0.3% month-over-month, keeping the annual pace at 3.9%. A stronger-than-expected NFP reading could reinforce the ‘higher-for-longer’ narrative, potentially pushing the dollar higher and weighing on risk-sensitive currencies. Conversely, a weak report would likely revive expectations of a September rate cut, potentially triggering a dollar pullback. Key Levels to Watch For EUR/USD, the pair remains under pressure near the 1.0800 level, with support at 1.0750 and resistance at 1.0850. A break below 1.0750 could open the door toward 1.0700. GBP/USD is trading around 1.2700, with the 1.2650 level acting as key support. A decisive move above 1.2750 would be needed to signal a near-term bottom. Against the Japanese yen, the dollar is testing the 157.00 area, with traders wary of potential intervention from Japanese authorities. The Bank of Japan’s recent policy stance has kept the yen under pressure, but any sharp moves above 158.00 could trigger verbal warnings or actual intervention. Why This Matters for Forex Traders The NFP report is the most closely watched monthly economic indicator in the forex market, as it provides the clearest signal of labor market health and, by extension, the trajectory of Fed policy. For traders, the report offers both opportunity and risk, as the immediate volatility around the release can create significant price swings across major currency pairs. Beyond the headline number, revisions to prior months’ data and the composition of job gains will be closely scrutinized. A slowdown in sectors like leisure and hospitality or construction could signal broader economic softening, while strong gains in high-wage industries might add to inflation concerns. Conclusion The US Dollar’s current strength reflects a market that is pricing in a more cautious Fed outlook. The NFP report will be the next major test of this narrative. A strong jobs number could extend the dollar’s rally, while a miss might provide temporary relief for currencies like the euro and sterling. Traders should prepare for heightened volatility and ensure risk management measures are in place. FAQs Q1: What is the Nonfarm Payrolls report and why does it matter? The Nonfarm Payrolls (NFP) report is a monthly US economic indicator released by the Bureau of Labor Statistics. It measures the change in the number of employed people, excluding farm workers and a few other categories. It is the most important labor market report for forex traders because it directly influences Federal Reserve interest rate decisions and causes significant market volatility. Q2: How does the NFP affect the US Dollar? A stronger-than-expected NFP reading (more jobs added than forecast) typically strengthens the US Dollar, as it suggests a robust economy and reduces the likelihood of rate cuts. A weaker reading usually weakens the Dollar, as it increases expectations of monetary easing. The impact can be amplified by revisions to prior months’ data. Q3: What other data should traders watch alongside NFP? Traders should also monitor the unemployment rate, average hourly earnings (a measure of wage inflation), and the labor force participation rate. Revisions to the previous two months’ NFP data are equally important, as they can alter the overall labor market picture. Additionally, the ISM Manufacturing and Services PMI reports provide context on broader economic activity. This post US Dollar Holds Steady as Markets Brace for Nonfarm Payrolls Report first appeared on BitcoinWorld .

3 Jun 2026, 20:49

How XRP Became the Highest-Returning Major Crypto in a Chaotic 2-Year Market

XRP Defies Market Odds: High Volatility, Strong Returns, and a Standout Two-Year Performance Cycle According to crypto researcher SMQKE, XRP has posted one of the strongest return profiles in the digital asset market over the past two years, outperforming several large-cap cryptocurrencies despite a backdrop of sharp volatility and uneven market sentiment. The figures cited point to roughly 65% annualized returns over the period, a standout result at a time when many leading cryptocurrencies delivered flat or negative performance. Nevertheless, the path was not smooth sailing since XRP’s price action was marked by steep drawdowns followed by equally forceful recoveries, creating a pattern some analysts describe as “volatility-driven returns” rather than steady appreciation. XRP’s Volatility May Be Its Strength, Not Its Weakness While volatility is typically viewed as a risk factor that erodes capital in poorly timed positions, SMQKE’s interpretation suggests it also created repeated accumulation windows for long-term participants. This is because each broad market decline was followed by recovery phases that rebuilt momentum, contributing to what some describe as a persistent upward bias rather than extended stagnation. Growing institutional interest, including XRP ETFs and custody infrastructure, also strengthened the broader narrative around access and demand. Furthermore, XRP’s role in cross-border payments and liquidity solutions continues to provide a utility-based foundation that differentiates it from purely speculative assets. Meanwhile, Ripple CEO Brad Garlinghouse recently celebrated XRP’s 14th anniversary, describing it as “the honor of a lifetime” to be part of a community that has evolved through multiple market cycles.

3 Jun 2026, 20:48

ETH drops 11 percent in a week as key $1,825 level faces test

🚨 ETH falls 11% in one week and tests $1,825 support. 📉 High trading volume points to growing volatility in $ETH. 🔍 Analysts say key levels could trigger a new major move soon. Continue Reading: ETH drops 11 percent in a week as key $1,825 level faces test The post ETH drops 11 percent in a week as key $1,825 level faces test appeared first on COINTURK NEWS .

3 Jun 2026, 20:40

Polymarket and Kalshi set new daily crypto volume records on the same day

Polymarket and Kalshi recorded $176 million and $108 million, respectively, in daily crypto-category volume on June 2, according to data shared by analytics firm Artemis. Both figures are all-time highs for the respective prediction market platforms, and they come on the same day crypto markets saw their heaviest liquidation event since February. Did the crypto liquidation day fuel the surge? The two prediction market platforms posted their highest single-day crypto volumes during a session that saw over $1.76 billion in leveraged positions wiped out across crypto markets. Bitcoin fell below $67,000 for the first time since April 2, and the total crypto market capitalization shed around $137 billion. Kalshi crossed the $100 million mark for the first time in its crypto category with its $108 million, topping a previous daily record set on March 16. Polymarket’s $176 million session was also a new peak, per Artemis’ tweet. The sector was running hot before the spike Prediction markets generally have been having a relatively good year, as the sector posted $28.4 billion in total volume during May, a new monthly record that extended a streak of four consecutive months with rising volumes. Kalshi accounted for $17.3 billion of May’s total, which is around 61% of all prediction market volume and close to double Polymarket’s $8.4 billion, according to the Artemis data. Kalshi has pulled away from Polymarket since February across multiple categories. In crypto-specific contracts, Kalshi held a 60.45% share for the week ending May 17, which is a reversal from Polymarket’s 91.11% dominance at the start of the year. The gap has gotten wider at the platform level, with Kalshi crossing $4 billion in total weekly notional volume for the first time in the week ending May 17, and this is a 7,424% increase from $54.5 million a year earlier. Polymarket processed $2 billion the same week. Kalshi adds perpetual futures on the same day Kalshi announced on X on June 3 that Bitcoin perpetual futures are now live for trading on its platform, calling it “the first American perpetual future.” Perpetual futures are a mainstay of offshore crypto exchanges like Binance and Bybit, but have not been available on a CFTC-regulated venue until now. The product adds continuous exposure alongside Kalshi’s existing binary event contracts. Polymarket still commands liquidity depth Polymarket trails Kalshi on volume share but holds a larger pool of locked capital. DefiLlama data shows Polymarket with $535.58 million in total value locked , $488.35 million in open interest, and over 108,000 active addresses in the past 24 hours. Cumulative trading volume on the platform has reached $36.1 billion across its Polygon-based and off-chain order books. Polymarket’s revenue has also picked up. The platform generated $20.94 million in revenue over the past 30 days on $3.89 billion in trading volume during the same period, according to DefiLlama. New entrants eye the space The prediction market sector is also seeing new players enter the market, and one of them is Hyperliquid’s HIP-4. Cryptopolitan has previously reported that Hyperliquid launched HIP-4 outcome contracts on its mainnet on May 2, allowing developers to deploy prediction markets on top of an exchange already clearing hundreds of billions in monthly perpetual futures volume. HIP-4 has reached roughly 1% of Polymarket’s volumes so far, with about 500 active traders and 1 million trades processed, according to Dune Analytics data. Hyperliquid’s approach uses its own validators for market resolution rather than third-party oracles, and the platform plans to let third-party builders launch their own outcome pairs. The prediction market category now holds $595.91 million in total value locked across all platforms, according to DefiLlama. The smartest crypto minds already read our newsletter. Want in? Join them .

3 Jun 2026, 20:34

Bitwise Model Shows Bitcoin Is Deeply Underpriced at $224K Fair Value Amid Debt Crisis

Bitcoin is currently trading roughly $150,000 below what Bitwise Europe’s sovereign default model says it is worth. That gap widened in May as the price climbed to $83,000 before $1 billion in exchange-traded product (ETP) outflows dragged it back to $72,000, leaving the market compressed at a structural crossroads. Bitcoin Hit $83K Then Crashed to