7 Followers
Binance Wallet ‘killing’ MetaMask and airdrops, Chinese RWA tokens Cryptocurrency exchange Binance’s wallet has surged out of nowhere in 2025 to become the dominant in the industry. It closed the week starting on May 5 with an 86% share of the swap market, and so far, in the week starting on May 12, it’s at 93%, according to Dune Analytics data. At the first full week of the year, Binance Wallet controlled a measly 3.4% while OKX led the industry with 44.6% of the market, with MetaMask and imToken each at around 18.5%. Dovey Wan, founder of Primitive Ventures, attributes Binance Wallet’s activity explosion to the launch of the exchange’s Binance Alpha program
NFTs hit $158M weekly sales, Sky Mavis lays off 21% of workforce: Nifty Newsletter In this week’s newsletter, read about how non-fungible token (NFT) sales have continued their upward momentum, and find out why Sky Mavis, the company behind Axie Infinity, laid off 21% of its workforce. In other news, crypto exchange Kraken is winding down its NFT marketplace and FIFA and Mythical Games will collaborate on a blockchain game. NFTs record $158 million weekly sales volume, led by Ethereum, Bitcoin NFTs continued to show strong weekly sales, recording $158 million in Nov. 18–24. While the data shows a 12.7% decrease compared to the previous week, the volume remained above its levels at the beginning of November. From Nov. 4–10, the weekly sales volume was only $93 million. NFTs are also on track to end November on a strong note. In October, NFTs recorded $356 million in sales. Meanwhile, November had already recorded a volume of more than $400 million. Kraken winds down NFT marketplace Crypto excha…
Crypto liquidations hit $1B as traders were ‘unprepared for bad news Follow our Subscribe on More than $1 billion has been liquidated in the crypto market over the past 24 hours as market participants were caught off guard by the strong momentum for crypto over the past 30 days. However, the analyst suggests the market downturn may be short-lived. “We’ve had such a bullish narrative over the last month that the market was completely unprepared for bad news. Now we’re seeing indiscriminate selling,” Swyftx lead analyst Pav Hundal told Cointelegraph. ‘Short-term angst,’ says analyst “It’s not the start of the Christmas run-in we’d hoped for. But it looks like short-term angst,” Hundal said. On Dec. 19, approximately $1.02 billion was liquidated from the crypto market within 24 hours, of which around $856.66 million was long positions, according to CoinGlass data. Over the same period, Bitcoin BTC tickers down $97,064 fell 3.36%, back down below the $100,000 psychological level.…
Follow me