Binance (BNB) Whale Adds 4,000 BTC to Selling Pressure; Traders Switch to Alts With SOL & DTX Leading Volumes
The recent market recovery is facing selling pressure, with coins correcting or consolidating in a range. Binance (BNB) whales recently contributed to the correction by selling Bitcoin. This selling came as profit booking after the rally started last week.
Traders who have booked profit in the first leg are shifting to Solana (SOL) and DTX Exchange (DTX). While Solana (SOL) has also faced some bearish sentiments, the DTX Exchange has risen from $0.02 to $0.06 in the recent rally.
BNB Imposes Access Limits on Sanctioned Russian Users
Binance (BNB) ensures it complies with international sanctions by blocking access to its platform for sanctioned Russian individuals and entities. BNB emphasized that “compliance is our top priority” and highlighted its commitment to protecting user trust by investing in systems and teams to enhance security.
In other news, Binance (BNB) Kazakhstan has received a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA). This license allows BNB to operate a digital assets trading platform, act as a broker-dealer, and offer custody services for digital assets. Kazakhstan is now the first country in Central Asia where a BNB entity has obtained regulatory approval.
Jupiter Solana (SOL) Partnership Grows
Despite some implementation challenges, Jupiter has integrated Solana (SOL)’s Stable liquidity into its platform, improving DEX operations with new weighted swap pools. At the recent Solana (SOL) Breakpoint 2024 conference, Jupiter’s co-founder, Siong Ong, shared the latest updates and innovations on the Solana-powered decentralized exchange (DEX).
Siong also introduced Jupiter’s new mobile app, designed to onboard millions of users to Solana (SOL). The app allows seamless trading of all tokens with zero platform fees, positioning it as an appealing gateway for newcomers to the Solana (SOL) ecosystem.
DTX Exchange (DTX) One-Stop Solution For Traders
Even though the market has been negative toward BNB and SOL lately, the whales are betting big on DTX Exchange (DTX), the first ICO with more than $3.3 million in its pocket. The experts expect that the price of DTX will go up to 25X in the next three months.
The main goal of DTX Exchange is to create a fully transformable trading platform with RPC functionality that offers rapid access to more than 120,000 asset classes in a plethora of segments such as commodities, gold, Forex, bonds, and cryptocurrencies through its hybrid model. The DTX ecosystem was tailor-made to protect from trading glitches and hacks made externally.
In addition to the trading interface, it also includes a custom-generating wallet and decentralized applications (dApps) that allow traders to conveniently manage their assets. The system represents everything that traders will need for the DeFi setup and, simultaneously, it secures easy, user-friendly experience.
The DTX is the platform’s own token, which is really important because it has a variety of use cases, like reducing fees and giving traders access to more data analytics tools. Thus, those who spent $100 on DTX in the presale entered a $1 million giveaway, where ten winners were awarded $100,000 worth of DTX tokens.
Learn more:
Buy Presale
Visit DTX Website
Join The DTX Community
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