News & Research

Binance Alpha has announced the addition of U. The platform is an on-chain trading service within the Binance Wallet that focuses on listing early-stage coins.

An Ethereum community foundation has unveiled an initiative to convert burned ETH into a new token called BETH, The Block reported. The proposal aims to tokenize the proof-of-burn itself, making it both tradable and trackable. Under the plan, BETH would have a one-to-one conversion value with burned ETH. Ethereum co-founder Joseph Lubin said that if the system is introduced, it would become possible to generate revenue solely from burning ETH.

David Bailey, a Bitcoin advisor to President Donald Trump, has claimed that BTC will not reach $150,000 due to heavy selling from two OG whales, or very long-term holders. In a post on X, Bailey suggested that for BTC to surpass the $150,000 mark, the market needs to absorb all of one whale's selling pressure and half of the other's, Cointelegraph reported. The outlet noted that according to multiple on-chain analysts, two early Bitcoin investors have recently been liquidating large portions of their holdings. One whale address sold $2.7 billion worth of BTC on Aug. 24, while the other has sold $4 billion in BTC to purchase ETH since late August.

Ethereum could fall to its mid-$3,000 support level this month to form a bear trap before surging in October, Cointelegraph reported. Crypto trader and analyst Johnny Woo added that while ETH may undergo a deeper correction in September, it could see a complete reversal the following month. Woo explained that a head-and-shoulders chart pattern could initially reinforce a bearish outlook, but he anticipates a rebound driven by the seasonal "Uptober" trend, a period when Bitcoin has historically performed well. He stressed that this is a plausible scenario, as similar patterns have occurred frequently in the past.

The decentralized exchange Bunni DEX appears to have been hacked for approximately $2.3 million across the Unichain and Ethereum chains, according to blockchain security firm BlockSec Phalcon. Further details are not yet available.

Bitcoin long-term holder (LTH) addresses have increased selling pressure in recent weeks, offloading 97,000 BTC worth approximately $3 billion last Friday alone. This marked the largest single-day sell-off by this cohort so far this year. CoinDesk reported, citing data from Glassnode, that profit-taking activity from LTHs has risen as Bitcoin's price surpassed $100,000. The report explained that the $100,000 price point is acting as a psychological barrier, causing some investors to sell. As a result, BTC could experience increased short-term volatility around this level.

The South Korean crypto exchange Upbit announced that it has temporarily suspended withdrawals for Starknet (STRK) due to a delay in block generation.

The South Korean crypto exchange Upbit announced that it has updated the circulating supply schedule for Arkham (ARKM) at the request of the project's team.

Wu Blockchain reported that Starknet (STRK), a ZK-rollup-based Ethereum Layer 2 network, appears to be experiencing a service issue. According to the Voyager explorer, the network has not produced a block for 20 minutes.

An anonymous whale sold 425 BTC and purchased 10,567 ETH over the past four days in transactions worth approximately $46.5 million, Lookonchain reported.