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Binance holds 65% of CEX stablecoin reserves as outflows cool: CryptoQuant

A recent report from CryptoQuant reveals that Binance holds 65% of the reserves for centralized exchange (CEX) stablecoins, highlighting its significant influence in the market. The data indicates a decrease in stablecoin outflows, suggesting a stabilization in the crypto market. This concentration of reserves raises concerns about potential risks associated with liquidity and market manipulation. Additionally, the report emphasizes the importance of monitoring exchange reserves to understand market dynamics better. Overall, Binance's dominance in stablecoin reserves reflects its pivotal role in the cryptocurrency ecosystem.

Read the full article: Coin Telegraph

Is the Netherlands Taxing Unrealized Crypto Gains? It's Complicated

The Netherlands is considering a tax on unrealized gains from cryptocurrencies, which has sparked debate among lawmakers and the public. Currently, the country's tax system taxes assets based on their value as of January 1 each year, which could include unrealized crypto gains. Critics argue that taxing unrealized

Tom Lee Expects 'Defining Year for Ethereum' as BitMine Buys ETH Amid 'Rock Bottom' Vibes

Tom Lee, co-founder of Fundstrat Global Advisors, predicts that 2024 will be a pivotal year for Ethereum, driven by increased institutional interest and potential regulatory clarity. His optimism comes as BitMine, a cryptocurrency mining company, has announced its purchase of a significant amount of ETH, signaling confidence in the asset

Gemini Stock Dives as Winklevoss-Led Crypto Exchange Dumps Executives

Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, has seen its stock price plummet following the departure of several key executives. The company is undergoing significant leadership changes, which have raised concerns among investors about its stability and future direction. This shakeup comes amid a challenging regulatory environment for

Bitcoin stays pinned below $70K as BTC’s negative funding rate flashes warning sign

Bitcoin remains below the $70,000 mark, currently trading around $68,000. The cryptocurrency's negative funding rate has raised concerns among investors, signaling potential bearish sentiment in the market. This funding rate indicates that short positions are being favored, which could lead to further downward pressure on Bitcoin&

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Is the Netherlands Taxing Unrealized Crypto Gains? It's Complicated

Tom Lee Expects 'Defining Year for Ethereum' as BitMine Buys ETH Amid 'Rock Bottom' Vibes

Gemini Stock Dives as Winklevoss-Led Crypto Exchange Dumps Executives

Bitcoin stays pinned below $70K as BTC’s negative funding rate flashes warning sign