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Here are the key updates on Binance today, June 18, 2025:
Spot Market Dominance: Binance has surged to a 41.14% share of the global spot crypto market, marking its highest level in a year—with 45.6% of Bitcoin and ~50% of Ethereum spot volume—signaling a strong resurgence in trading activity .
BNB Chain DeFi Activity: BNB Chain outperformed Solana in DeFi trading volume, reaching nearly $10 billion in 24‑hour volume, driven by Binance’s airdrop incentives via Launchpool and Alpha campaigns .
Proof-of‑Reserves Transparency: Binance reaffirmed its industry leadership with a commitment to clear and frequent Proof-of-Reserves disclosures, enhancing trust and transparency .
BNB Price Outlook: Technical analysis points to short-term headwinds, with BNB currently trading under its 50-day SMA and showing bearish signals, potentially heading toward the $625–$660 support range .
Funding Rates & Market Sentiment: Funding rates across major platforms suggest neutral to mildly bearish sentiment, as traders adopt a cautious stance ahead of macroeconomic news .
IoTeX Network Support: Binance will temporarily suspend IOTX deposits and withdrawals starting June 19 UTC to support an upcoming network upgrade and hard fork .
In summary, Binance is reclaiming its dominance in spot trading, BNB Chain is booming thanks to airdrop-driven DeFi action, and market sentiment remains cautious. Technicals on BNB are mixed, and platform users should note the upcoming IOTX maintenance.
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Spot Market Dominance: Binance has surged to a 41.14% share of the global spot crypto market, marking its highest level in a year—with 45.6% of Bitcoin and ~50% of Ethereum spot volume—signaling a strong resurgence in trading activity .
BNB Chain DeFi Activity: BNB Chain outperformed Solana in DeFi trading volume, reaching nearly $10 billion in 24‑hour volume, driven by Binance’s airdrop incentives via Launchpool and Alpha campaigns .
Proof-of‑Reserves Transparency: Binance reaffirmed its industry leadership with a commitment to clear and frequent Proof-of-Reserves disclosures, enhancing trust and transparency .
BNB Price Outlook: Technical analysis points to short-term headwinds, with BNB currently trading under its 50-day SMA and showing bearish signals, potentially heading toward the $625–$660 support range .
Funding Rates & Market Sentiment: Funding rates across major platforms suggest neutral to mildly bearish sentiment, as traders adopt a cautious stance ahead of macroeconomic news .
IoTeX Network Support: Binance will temporarily suspend IOTX deposits and withdrawals starting June 19 UTC to support an upcoming network upgrade and hard fork .
In summary, Binance is reclaiming its dominance in spot trading, BNB Chain is booming thanks to airdrop-driven DeFi action, and market sentiment remains cautious. Technicals on BNB are mixed, and platform users should note the upcoming IOTX maintenance.
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#Genusactpass
🎫 Your ticket to the future!
🔐 Technology, security, and speed in one experience
📲 Be among the first to try the smart solution
#
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