Binance Square

Today’s top crypto news and market analysis

--

Binance Market Update: Crypto Market Trends | June 22, 2025

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.14T, down by 2.39% over the last 24 hours.Bitcoin (BTC) has been trading between $100,838 and $103,983 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $102,345, down by 1.35%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include GNS, BANANAS31, and DATA, up by 44%, 30%, and 19%, respectively.Top stories of the day:Ethereum Staking Reaches Record High with Over 35 Million ETHEl Salvador Increases Bitcoin Holdings by Eight CoinsThailand Approves Three Virtual Banks to Boost Financial InnovationTexas Establishes Strategic Bitcoin Reserve with New LegislationSEC Chair Considers New Framework for Digital Asset CustodyHong Kong Sees Significant Growth in Registered Funds and Web3 Development Bitcoin Adoption Gains Momentum in France Amid Strategic Discussions ARK Invest Intensifies Sale of Circle Shares, Generating Significant Revenue Key U.S. Economic Events Scheduled for Next Week U.S. and EU Near Agreement on Non-Tariff Trade IssuesMarket movers:ETH: $2254.46 (-7.51%)XRP: $2.0542 (-3.87%)BNB: $630.47 (-1.52%)SOL: $133.53 (-5.55%)TRX: $0.2716 (-1.09%)DOGE: $0.15527 (-5.09%)ADA: $0.5424 (-7.25%)WBTC: $102300.88 (-1.36%)BCH: $465.1 (-0.39%)TRUMP: $8.62 (-7.11%)
298
--

Avail (AVAIL) Now Live on Binance Alpha With Limited Airdrop Event

Avail (AVAIL) Now Live on Binance Alpha With Limited Airdrop EventKey Points:Avail (AVAIL) is now available on Binance Alpha as of June 19, 2025.Eligible users can claim a 2,667 AVAIL token airdrop using Binance Alpha Points.Airdrop event runs in two phases within 24 hours of listing.15 Alpha Points are required to claim; early access for users with higher point balances.Binance Alpha has officially listed Avail (AVAIL), a modular blockchain infrastructure project aimed at enhancing data availability across Layer 2 and rollup ecosystems. In celebration of the listing, Binance Alpha users can claim an exclusive AVAIL airdrop by redeeming their Alpha Points on the Alpha Event Page.AVAIL Airdrop DetailsClaim Window: Begins at AVAIL’s listing time and remains open for 24 hours.Total Claim Per User: 2,667 AVAIL tokens.Point Cost: 15 Binance Alpha Points per claim.Claim Requirement: Users must confirm the claim on the [Alpha Event Page] within 24 hours. Unclaimed entries will be forfeited.Airdrop Distribution SchedulePhase 1 (First 18 Hours)— Open to users with 243 or more Alpha Points.— Priority access to the airdrop, first come, first served.Phase 2 (Final 6 Hours)— Opens to users with at least 199 Alpha Points.— Remaining airdrop supply distributed until exhausted or event ends.Binance emphasizes that claiming is only valid if users confirm on the Alpha Event Page during the 24-hour claim period. Any unconfirmed claims will be considered forfeited.What Is Avail (AVAIL)?Avail is a modular blockchain that provides data availability infrastructure for scalable, secure Layer 2 solutions and rollups. It aims to offload data from execution layers while ensuring trust-minimized availability proofs, positioning itself as a foundational layer for the future of Ethereum-based scaling.
10
--

South Korea Considers Won-Based Stablecoin Amid Forex Concerns

According to Cointelegraph, the Governor of the Bank of Korea, Rhee Chang-yong, has expressed openness to the idea of issuing a won-based stablecoin. However, he remains cautious about the potential challenges in managing the foreign exchange aspects of such a token. During a recent press conference, Rhee highlighted that a won-based stablecoin could simplify exchanges with dollar-backed stablecoins, potentially increasing demand for the latter and complicating foreign exchange management.This development comes as South Korea's newly elected President, Lee Jae-myung, advances his agenda on cryptocurrency regulation, a key promise from his campaign. The country's foreign exchange reserves have been declining, with the Bank of Korea reporting a drop from $415.6 billion at the end of December to $404.6 billion by the end of May, marking an $11 billion decrease over six months.In a move to create a more favorable regulatory environment, President Lee's Democratic Party introduced the Digital Asset Basic Act on June 10. This legislation would permit companies with a minimum equity capital of $368,000 to issue stablecoins, provided they maintain adequate reserves for refunds and obtain approval from the Financial Services Commission (FSC). The FSC is also investigating local exchanges regarding transaction fees, aligning with President Lee's commitment to reducing costs for young traders.The stablecoin market is currently dominated by US dollar-backed tokens, with Tether (USDT) and Circle's USDC leading the space. However, Circle's euro-pegged stablecoin, EURC, is gaining momentum, with its market capitalization rising to $203 million, a 156% increase since the beginning of the year. Circle's stock experienced significant gains following indications from US lawmakers that the stablecoin-regulation GENIUS Act would likely pass in the House.
6
--

Stablecoins: Misconceptions and Global Impact Analysis

According to BlockBeats, a recent report by Guotai Haitong Securities Research titled "Stablecoins: How They Reshape Global Currency and Assets" provides an in-depth analysis of the current state and future prospects of the stablecoin market, as well as its impact on major asset classes. The report identifies six common misconceptions about stablecoins, emphasizing that their value is not absolutely stable.The first misconception is that stablecoins have absolute value stability. The report clarifies that stablecoins are essentially credit extensions of pegged assets, subject to technical de-pegging risks and fluctuations in the value of the underlying assets. Therefore, their value is relatively stable rather than absolutely stable.The second misconception is that all fiat currencies can be used to issue stablecoins in large quantities. The development of stablecoins for different fiat currencies depends on the acceptance of the fiat currency itself. Stablecoins backed by the most widely trusted fiat currencies are likely to dominate the market.The third misconception is that U.S. dollar stablecoins weaken the credibility of the dollar. On the contrary, the rapid development of dollar stablecoins enhances the dollar's status by expanding its functionality and usage. However, dollar stablecoins pose a significant challenge to the fiat currencies of other countries, especially those with volatile exchange rates.The fourth misconception is that U.S. dollar stablecoins are a "lifeline" for U.S. Treasury bonds. While the stablecoin market can slightly alleviate the pressure on U.S. short-term debt, the Federal Reserve ultimately controls the short-term debt market. Dollar stablecoins have minimal impact on the long-term debt market.The fifth misconception is that U.S. dollar stablecoins will significantly increase the supply of U.S. dollars. Although stablecoins allow some issuance authority to be transferred from the Federal Reserve to issuing companies, the Federal Reserve remains the primary participant in monetary supply and can regulate overall dollar liquidity. Similar to economies with a currency board, multiple issuing banks exist, but monetary authorities can still adjust the money supply based on market conditions.The sixth misconception is that stablecoins will rapidly advance the Real World Asset (RWA) market. The support of stablecoins for RWA is more evident in the trading aspect, while the development of the RWA market ultimately depends on the quality of underlying assets. Currently, the RWA market is in its early stages, with potential paths focusing on "credit priority" and "liquidity priority."
9
--

Texas Sheriff Takes Action Against Crypto ATM Amid Scam Allegations

According to Cointelegraph, a Texas sheriff has taken decisive action against a local cryptocurrency ATM following reports of a family being scammed out of $25,000. The incident has sparked debate among cryptocurrency users regarding the appropriateness of the sheriff's actions. Local reports from Tuesday indicate that a scammer impersonated a government employee to deceive a family in Jasper County, northwest of Houston, into depositing funds at a Bitcoin ATM. Jasper County Sheriff Chuck Havard obtained a search warrant and proceeded to cut open the ATM, which was operated by Bitcoin Depot, in an effort to recover approximately $32,000, including the $25,000 lost by the family.Sheriff Havard explained that the scam involved a caller instructing the family to pay $25,000 in fines by depositing the money into a Bitcoin address, leading them to use the Bitcoin ATM for the transaction. Bitcoin Depot has been contacted for comment on the incident. The sheriff's actions have drawn criticism from some crypto users, with Reddit user JohnDLG questioning whether government employees destroyed property and took money from an innocent third party. Another Reddit user, Jad8484, expressed confusion over the sheriff's approach, likening it to confiscating money from a store register after someone purchased gift cards for scammers. Despite the criticism, Havard defended his actions, stating that his department would use all available resources to protect citizens from scammers.Sheriff Havard acknowledged the complexity of cases involving cryptocurrency scams, noting that they can be challenging to solve. He also mentioned that his department has not yet located the scammer responsible for the incident. This event occurs amid increasing scrutiny of cryptocurrency ATMs both in the United States and internationally. In June, Spokane, Washington, banned crypto ATMs due to a rise in scam activity targeting residents. The FBI reported nearly 11,000 complaints and over $246 million in losses related to crypto ATM scams in 2024, marking a 31% increase from the previous year. Additionally, the Australian Transaction Reports and Analysis Centre recently imposed a limit of 5,000 Australian dollars ($3,250) on cash deposits and withdrawals at crypto ATMs.
7
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
Binance News
@Binance_News
Sitemap
Préférences en matière de cookies
Platform T&Cs