Binance News

Solana ecosystem decentralized exchange (DEX) aggregator Titan has introduced a new on-chain router named DART (Dynamic Allocation and Real Time). According to Foresight News, DART optimizes trading by dynamically allocating transaction volumes to liquidity sources offering the best prices, effectively minimizing the spread between quoted and executed prices that traditional routers often face. In a test involving a $100,000 SOL-USDC transaction, DART achieved round-trip trading costs below 2 basis points (0.02%). The router is set to expand to more trading pairs, and its API has entered the Beta testing phase.

A solo Bitcoin miner successfully validated block 943,411 on April 2, earning 3.139 BTC, valued at approximately $210,000. According to NS3.AI, CKpool developer Con Kolivas reported that the miner operated at around 230 terahashes per second (TH/s), representing about 0.00002% of Bitcoin's estimated total hashrate. The miner faced odds of roughly 1-in-28,000 to achieve this feat on a daily basis.

According to the announcement from Binance, the platform is set to adjust the tick sizes for several spot trading pairs by 2026-04-14 05:00 (UTC). This move aims to enhance market liquidity and improve the overall trading experience for users. The tick size refers to the minimum change in the unit price of a trading pair, and the adjustments will affect various pairs including ARKM/TRY, ARKM/USDC, ARKM/USDT, among others. Users are advised to refer to the Trading Rules for comprehensive details on tick sizes for all spot trading pairs on Binance.

The adjustment will not impact existing spot orders or other trading functions. Orders placed before the update will continue to be matched with the original tick size. However, API users should note that tick size via API will also change, and they can use GET /api/v3/exchangeInfo for the latest tick size information. It is recommended that users adjust their trading bots accordingly to prevent any unnecessary disruptions in trading activities.

The announcement also highlights that there may be discrepancies between the original English content and any translated versions, urging users to refer to the original English version for the most accurate information. The tick size update is part of Binance's ongoing efforts to optimize trading conditions and provide a seamless experience for its users. The detailed adjustments for each trading pair are outlined in the announcement, ensuring transparency and clarity for all users involved in spot trading on the platform.

Twenty-one Web3 projects have announced plans to suspend services or downsize operations as of early April. According to NS3.AI, the prolonged bear market has led to increased operating costs, a decline in user numbers, and reduced liquidity, prompting these decisions. Crowdfund Insider reported that Leap Wallet and Magic Eden have set shutdown dates for May 28 and May 1, respectively.

The market value of the BSC-based meme coin, Freedom of Money, has seen a substantial increase since early today. According to ChainCatcher, the coin's value briefly exceeded $22 million, setting a new record, and is currently reported at $21.2 million. The coin's daily growth reached up to 50%, with a 24-hour trading volume of $5 million.

ChainCatcher advises users that meme coin trading is highly volatile, often driven by market sentiment and speculative concepts, lacking intrinsic value or practical use cases. Investors are urged to be cautious of the risks involved.

Brent oil prices have risen above $110, prompting significant trading adjustments. According to BlockBeats, Hyperinsight monitoring revealed that the 'Strategy Counterparty' (0x94d) has fully closed its Brent oil long positions, which were part of an $80 million 'long oil, short BTC' strategy. The positions, initially valued at $39.5 million with an average entry price of $100.8, yielded a profit of $3.71 million.

Following the closure of the oil long positions, the released margin was used to increase a 40x leveraged short position on Bitcoin, raising the position size to $49.92 million at an average price of $69,137, with an unrealized profit of $420,000 (34%).

The hedge strategy was initiated on April 1, when Bitcoin briefly surpassed $69,000, and both Brent and WTI crude oil prices fell below $100. The decision to close the oil positions today suggests a belief that the upward potential for oil is now limited, shifting the focus to a bearish outlook on the cryptocurrency market.

A monitored trader account has significantly increased its Bitcoin holdings, adding 270.37 BTC in long positions at a price of $69,574.7 during the recent market downturn. According to NS3.AI, this addition brings the account's total BTC long position to 2,520.52 BTC, valued at approximately $170 million. This move reflects a strategic decision to capitalize on the current market conditions.

Polygon Foundation has announced that the Giugliano hard fork upgrade is scheduled for April 8 at approximately 22:00 UTC+8, occurring at block height 85,268,500 on the Polygon mainnet. According to ChainCatcher, this upgrade aims to enhance network performance by allowing producers to announce blocks earlier for faster finality, adding fee parameters directly to block headers, and introducing a new RPC interface to support fee data. The foundation advises all node operators to upgrade Bor to version v2.7.0 or Erigon to version v3.5.0 to ensure smooth operation.

On April 7, an advisor to Iranian Parliament Speaker Mohammad Bagher Ghalibaf commented on U.S. President Donald Trump's '48-hour ultimatum.' According to BlockBeats, the advisor stated that Trump has approximately 20 hours to either surrender to Iran or face the prospect of his allies being pushed back to the Stone Age. The advisor emphasized that Iran will not back down.

The USD/CHF exchange rate has exceeded the 0.8 mark, experiencing a daily rise of 0.25%. According to ChainCatcher, this development highlights the ongoing fluctuations in currency markets. The increase reflects broader trends in foreign exchange trading, as investors react to various economic indicators and geopolitical events. The movement of the USD/CHF pair is closely monitored by traders and analysts, who assess its impact on global financial markets.

Citi Research indicated in a report that due to the Middle East conflict, the Reserve Bank of India (RBI) might lower its GDP growth forecast for the 2026/27 fiscal year and raise its inflation forecast. According to Jin10, Citi noted that despite the controlled inflation trajectory and growth uncertainties, the RBI is likely to keep the policy repo rate unchanged on Wednesday. Citi highlighted that unlike the early stages of the Russia-Ukraine conflict, the current overall and core inflation levels are starting from a favorable position. Citi's calculations suggest that even with significant price increases related to oil price shocks, there is minimal threat to the RBI's 6% inflation ceiling. Additionally, the current repo rate of 5.25% is not as low as the effective rate of 3.35% during the early stages of the Russia-Ukraine conflict.

Russian economist Denis Astafiev has highlighted the significant risks associated with investing in cryptocurrencies, derivatives, and ICOs during periods of economic instability. According to Foresight News, Astafiev warned that the prices of crypto assets could experience substantial declines due to market fluctuations, regulatory risks, technological vulnerabilities, or decreased interest. He advised investors to limit their allocation to these highly volatile assets to between 5% and 10% of their total investment portfolio to avoid irreversible losses in extreme market conditions.

Riot Platforms is reportedly suspected of selling an additional 500 BTC, valued at approximately $34.87 million. According to NS3.AI, this follows a series of transactions over the past five days, during which Riot Platforms transferred a total of 1,500 BTC, worth about $102.3 million.

Polymarket traders have assessed a 3% probability for U.S. President Donald Trump's proposed Iran ceasefire deadline, with trading volume exceeding $103 million. According to NS3.AI, Iran has dismissed the 45-day ceasefire proposal, instead advocating for a permanent cessation of hostilities in its counteroffer.

On April 7, the cryptocurrency wallet application Phantom encountered a temporary service interruption. According to BlockBeats, this issue affected the display of token prices and balances. The Phantom team is actively working to resolve the problem.

Solana's spot ETF experienced a notable net inflow of $247,000 on April 6, according to ChainCatcher. This influx was solely attributed to the Invesco Galaxy Solana ETF (QSOL), which now has a historical total net inflow of $4.596 million.

As of the latest update, the total net asset value of the Solana spot ETF stands at $799 million, with a net asset ratio of 1.70%. The cumulative historical net inflow has reached $981 million.

SpaceX is reportedly preparing to release its initial public offering (IPO) prospectus by the end of May, according to sources familiar with the matter. According to Jin10, the company plans to commence its IPO roadshow during the week of June 8. This move marks a significant step for SpaceX as it seeks to attract investors and expand its financial capabilities. The IPO is expected to generate substantial interest given SpaceX's prominent position in the aerospace industry and its ambitious plans for future space exploration and satellite deployment.

Ethena has announced plans to diversify the collateral types for USDe following approval from an independent risk committee. According to BlockBeats, the expansion will cover four key areas, each representing a natural extension of Ethena's existing operations.

The first area involves over-collateralized institutional stablecoin lending, where collateral assets provided by borrowers will be managed by third-party institutional custodians. The second area focuses on real-world assets (RWA) beyond U.S. Treasury Bills, aiming to include more high-quality, liquid credit assets.

Ethena also plans to extend its delta-neutral hedging strategies, already applied to crypto assets, to traditional assets such as stocks and commodities. Lastly, the company will offer prime lending to trading institutions, providing funds through over-collateralized loans while counterparties assume the risk associated with trading platforms.

Gold prices have fallen below $4,630 per ounce, marking a daily decrease of 0.45%. According to Jin10, New York silver futures have also experienced a decline, with a daily drop of 1.00%, currently trading at $72.10 per ounce. The market volatility continues to impact precious metals, reflecting broader economic uncertainties.

Australia's March TD-MI Inflation Index showed an annual increase of 4.3%, according to Jin10. This marks a rise from the previous value of 3.60%, indicating a notable uptick in inflationary pressures within the country. The data reflects ongoing economic trends and may influence future monetary policy decisions.