Benzinga – Global cryptocurrency market cap jumped 0.4% to $812.8 billion at 7:35pm ET, with major coins showing signs of gains.
| (Crypto: BTC) | 0.3% | -1.15% | $16,802.00 |
| (Crypto: ETH) | 0.4% | -5.3% | $1,189.91 |
| (Crypto: DOGE) | 0.1% | -14.45% | $0.08 |
| ton coin (tons) | +6.7% | $2.69 |
| BNB (BNB) | +5% | $252.63 |
| (Sibu) | +4.2% | $0.000009 |
Important reasons: Risky assets showed a slight gain on Sunday night, while stock futures traded broadly flat ahead of the new trading week.
Investors are looking forward to the continuation of earnings season and The investigation. National Association of Home Builders This is a measure of your monthly sentiment for the current week.
“Bitcoin is falling amid runaway risk aversion driven by recession fears and growing fears that another cryptocurrency exchange may be at risk of large withdrawals.” said. Edward MoyaSenior Market Analyst Oandain a recent note seen by Benzinga.
Heading into a new trading week — Alternative.Me’s ‘Crypto Fear & Greed Index’ showed that investor sentiment hasn’t changed from ‘Fear’ compared to last week’s readings.
News surrounding news dominated last week binance — The largest spot cryptocurrency exchange. glass node The platform noted that it had confirmed stablecoin outflows totaling $3.2 billion as of Friday.
The on-chain analytics firm said it accounted for 66% of all stablecoin outflows tracked by Binance, which is in line with its market share.
In terms of stablecoins, approximately $3.2 billion in combined $USDT, $USDC, $BUSD, and $DAI have been expelled from Binance over the past 30 days.
Across all exchanges we track, the total outflow is $4.8 billion.
This means that Binance accounted for 66% of stablecoin outflows, which is in line with its market share. pic.twitter.com/YP5M5n9zwY
— Glassnode (@glassnode) December 16, 2022
Binance said last week about its audit firm: Mazar Suspended transactions with cryptocurrency companies, including himself.the announcement from Zhao ChangpengThe leading company led to a decline in the valuation of the major coin. Bitcoin When ethereum.
Zhao appeared in an interview with CNBC last week, saying that the four major audit firms “don’t know how to audit cryptocurrency exchanges.”
Binance CEO CZ on CNBC:
Many Big 4 companies do not know how to audit cryptocurrency exchanges. pic.twitter.com/r3C15cMwbK
— Unusual Whales (@unusual_whales) December 15, 2022
Glassnode said exchange balances and proof of reserve are “sensitive” topics, as both on-chain assets and off-chain liabilities need to be checked. Binance held around $40 billion in various cryptocurrency assets as of Friday, according to the platform.
Proving exchange balances and reserves is a sensitive topic.
The challenge is that PoR requires checking not only on-chain assets (free dashboard below), but also off-chain liabilities.
RE Assets; Binance currently holds around $40 billion in assets in BTC, ETH and ERC-20.
— Glassnode (@glassnode) December 16, 2022
READ NEXT: If you invested $1,000 in Bitcoin when Donald Trump said he wasn’t a fan, how much would you have today?
© 2022 Benzinga.com. Benzinga does not provide investment advice. all rights reserved.
Read Benzinga’s original article
