A crypto trader has lost nearly $50 million in USDT after inadvertently transferring funds to a wallet controlled by scammers in a sophisticated address poisoning attack. According to on-chain analytics firm Lookonchain, the trader withdrew close to $50 million in USDT from Binance on December 20. Visit Website
Institutional investors and large whales are increasingly holding power in XRP, with spot XRP ETF inflows surpassing $1.2 billion in net assets and whale wallets boosting their supply to 12.8%. This accumulation occurs amid stable prices near $1.90, signaling a strategic buildup without immediate market volatility. Spot XRP ETFs have seen consistent positive inflows, pushing [...]
Gold Surges Past $4,400/oz as Christmas Week Liquidity Thins and Bullish Bets Persist
A recent vote on the UNIfication proposal , which began on December 20 and ends on December 25, has cleared the required threshold to take effect this week.
BitcoinWorld Unlock New Opportunities: Binance Adds 5 Key Spot Trading Pairs for Traders In a strategic move to close out the year, Binance, the world’s leading cryptocurrency exchange, has just announced a significant expansion of its trading offerings. The platform is set to list five new Binance spot trading pairs , providing traders with fresh avenues for portfolio diversification and market access. This development underscores Binance’s ongoing commitment to enhancing its ecosystem and responding to user demand for more trading options. What Are the New Binance Spot Trading Pairs? Mark your calendars for 8:00 a.m. UTC on December 24th. Binance will officially enable trading for the following five new spot pairs: ADA/USD1 ASTER/USD1 LUNA/USDC LUNC/USDC ZEC/USD1 This selection is particularly interesting. It includes major assets like Cardano (ADA) and privacy-focused Zcash (ZEC), paired with stablecoins. Furthermore, it reintroduces Terra ecosystem tokens (LUNA and LUNC) to a major trading venue, paired with USDC. The addition of ASTER/USD1 also highlights Binance’s support for newer projects. Why Does Adding New Spot Trading Pairs Matter? For the average trader, new listings might seem routine. However, the introduction of new Binance spot trading pairs carries substantial weight. Firstly, it increases liquidity for the involved assets, which can lead to tighter spreads and better execution prices for your orders. Secondly, it provides direct trading avenues against stablecoins like USD1 and USDC, offering a hedge against Bitcoin’s volatility for those specific altcoins. For the projects themselves, being listed on a top-tier exchange like Binance is a vote of confidence. It boosts visibility, attracts new investors, and integrates the token deeper into the global crypto economy. Therefore, this move benefits both the exchange’s users and the underlying blockchain networks. What Should Traders Consider Before Jumping In? While new listings present opportunities, a cautious approach is wise. The trading for these Binance spot trading pairs will begin simultaneously, which could lead to initial price volatility as the market finds equilibrium. Here are a few actionable insights: Do Your Research: Understand each project (ADA, ASTER, LUNA, LUNC, ZEC) before allocating funds. Watch the Order Book: In the first hour, observe the bid-ask spread and trading volume to gauge market sentiment. Use Limit Orders: To avoid slippage in a potentially volatile new market, consider using limit orders instead of market orders. Remember, trading always involves risk. This is especially true for new market pairs where price history is limited. How Does This Fit Into Binance’s Broader Strategy? This announcement is not an isolated event. It fits a pattern of Binance steadily expanding its spot market to cater to a global user base. By offering pairs with different stablecoins (USD1 and USDC), Binance provides flexibility for users with varying currency preferences and regional accessibility. This move also helps consolidate trading activity for these assets onto a single, liquid platform, which is efficient for the overall market. Conclusion: A Strategic Boost for the Crypto Market Binance’s decision to add five new spot trading pairs just before the holidays is a strategic gift to the trading community. It enhances market depth, provides new tools for portfolio strategy, and reinforces the exchange’s role as a central hub for digital asset trading. For savvy investors, these new pairs represent fresh canvases upon which to execute their trading plans. As always, success will hinge on research, prudent risk management, and a clear understanding of the market dynamics at play. Frequently Asked Questions (FAQs) Q1: What time do the new Binance spot trading pairs go live? A1: Trading for all five new pairs will begin at exactly 8:00 a.m. UTC on December 24, 2024. Q2: What is USD1? A2: USD1 is a fiat-backed stablecoin offered on the Binance exchange. It is designed to maintain a 1:1 value with the US Dollar. Q3: Can I start depositing ADA or ZEC before trading begins? A3: Typically, Binance opens deposits for the relevant tokens several hours before trading starts. Check the official announcement on the Binance website for specific deposit opening times. Q4: Are there any trading fee promotions for these new pairs? A4: Binance sometimes offers zero-maker fee promotions for new listings. Review the official listing announcement for any current promotional details. Q5: Why are LUNA and LUNC paired with USDC instead of USD1? A5: The choice of stablecoin pairing can depend on liquidity partnerships, user demand in specific regions, and technical integration. USDC is a widely trusted and liquid stablecoin in the broader crypto ecosystem. Q6: Is ASTER a new token? A6: ASTER is the governance token of the Aster Protocol, a project focused on decentralized physical infrastructure networks (DePIN). Its listing on Binance marks a significant step in its market adoption. Found this guide to the new Binance spot trading pairs helpful? Share it with your network on Twitter, Telegram, or LinkedIn to help other traders stay informed about the latest market developments and opportunities. Knowledge is power in the fast-moving crypto world! To learn more about the latest cryptocurrency trends, explore our article on key developments shaping the altcoin market and institutional adoption. This post Unlock New Opportunities: Binance Adds 5 Key Spot Trading Pairs for Traders first appeared on BitcoinWorld .
AAVE in Governance Spotlight as Aave Community Advances ARFC Brand Asset Ownership Transfer Proposal Amid 8.9% Price Drop
The protocol’s “UNIfication” proposal has already crossed quorum, with more than 69 million UNI tokens voting in favor and virtually no opposition as of Monday.
BitcoinWorld Staggering Bitcoin Losses: UK Firms Reel After $113K Average Purchase Backfires A sobering report reveals a harsh reality for several UK-listed companies: their bold bets on Bitcoin have backfired spectacularly. According to an analysis by The Telegraph, these firms are now grappling with significant Bitcoin losses after purchasing the cryptocurrency at a staggeringly high average price. This situation raises critical questions about the risks of corporate cryptocurrency adoption. What Do the Bitcoin Losses Numbers Reveal? The analysis pinpointed 13 publicly traded British companies that collectively bought around 4,300 BTC. Their average entry price was approximately $113,105 per Bitcoin. However, with Bitcoin’s price recently dipping to around $87,000, the value of these holdings has plummeted. The collective paper loss for these firms stands at a painful 22% below their average purchase point. In monetary terms, including a sale by one company, these Bitcoin losses amount to roughly £79 million, or about $99.5 million. This stark figure highlights the volatile nature of crypto assets, even for institutional players. Which UK Companies Are Facing the Biggest Hit? The report named specific firms feeling the brunt of the market downturn. For instance, Satsuma Technology, an AI infrastructure company on the London Stock Exchange, has already crystallized some of its losses through a sale. Perhaps more dramatically, the Smarter Web Company (SWC), a web developer that adopted a Bitcoin reserve strategy, has seen devastating consequences. The company’s stock price has crashed by nearly 90% from its peak, illustrating how corporate Bitcoin losses can extend beyond the crypto portfolio and severely impact overall market valuation and investor confidence. Why Did Corporate Bitcoin Strategies Falter? This episode serves as a crucial case study in timing and risk management. The companies involved likely pursued Bitcoin accumulation for several common reasons: Inflation Hedge: To protect treasury assets from currency devaluation. Strategic Diversification: To add a non-correlated asset to their balance sheets. Market Signaling: To position themselves as innovative and forward-thinking. However, their strategy encountered a perfect storm. Buying at an average above $113,000 meant they entered near a market peak. The subsequent correction has trapped these holdings in a loss position. This underscores a fundamental challenge: even with a long-term vision, short-to-medium-term volatility can create severe financial and reputational pressure for publicly listed entities. What Are the Lessons from These Bitcoin Losses? For other businesses considering cryptocurrency investments, this report offers vital, if painful, insights. First, dollar-cost averaging—investing smaller amounts regularly—might mitigate the risk of buying a large lump sum at a peak. Second, clear communication with shareholders about the volatility and long-term nature of such investments is essential. Finally, these Bitcoin losses remind us that corporate treasury management requires extreme caution. Cryptocurrencies should likely only constitute a small, risk-adjusted portion of total reserves, not a speculative gamble for quick returns. Conclusion: A Cautionary Tale in Volatile Markets The substantial Bitcoin losses faced by UK firms are more than just numbers on a balance sheet. They represent a cautionary tale about the perils of mistiming the market and underestimating crypto volatility. While Bitcoin and other digital assets may still hold long-term promise, this episode proves that corporate adoption requires sophisticated risk frameworks, prudent sizing, and transparent stakeholder communication to avoid devastating financial setbacks. Frequently Asked Questions (FAQs) Q1: How many UK companies reported these Bitcoin losses? A1: The Telegraph’s analysis identified 13 publicly traded UK companies that are facing unrealized losses on their Bitcoin holdings. Q2: What was the average price these firms paid for Bitcoin? A2: The companies purchased Bitcoin at an average price of approximately $113,105 per coin. Q3: Which company saw its stock price drop nearly 90%? A3: The Smarter Web Company (SWC) experienced a stock price decline of around 90% from its peak following its Bitcoin reserve strategy. Q4: Are these losses realized or unrealized? A4: Most are currently unrealized paper losses, meaning the Bitcoin is still held. However, Satsuma Technology has realized some losses by selling a portion of its holdings. Q5: What is the total estimated value of the losses? A5: Including Satsuma’s sale, the total estimated losses are approximately £79 million, or about $99.5 million. Q6: Does this mean corporate Bitcoin investment is a bad idea? A6: Not necessarily, but it highlights the critical need for careful timing, risk management, and allocating only what the company can afford to lose to such a volatile asset class. Found this analysis of corporate Bitcoin losses insightful? The crypto landscape is constantly evolving. Help others learn from these market lessons by sharing this article on your social media channels like Twitter or LinkedIn. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption and price action. This post Staggering Bitcoin Losses: UK Firms Reel After $113K Average Purchase Backfires first appeared on BitcoinWorld .
Binance announces KGST/USDT trading starting December 24, 2025. Trading Bots services for KGST/USDT go live simultaneously. Continue Reading: Binance Expands Crypto Market with Exciting New Stablecoin Listing The post Binance Expands Crypto Market with Exciting New Stablecoin Listing appeared first on COINTURK NEWS .
South Korea’s outbound shipments continued to grow late into the year as robust semiconductor demand helped offset the drag from expanded US tariff measures, official data and trade analysts sai d Mo nday. Preliminary customs figures sho w So uth Korean exports climbed 6.8 % year‑on‑year in the first 20 days of December, marking an all‑time high for that period. Semiconductor exports surged 41.8 % , accounting for more than a quarter of total outbound shipments, a striking performance that helped lift overall trade figures despite weakness elsewhere. However, the upward momentum for growth has not come without challenges. Other sectors, like shipments of cars, petroleum products, and traditional manufactured goods, remained subdued or contracted recently, with some of that weakness linked to higher US tariffs on automobiles and metals Excluding the number of working days, exports during the first 20 days of December rose even more rapidly, by 3.6% compared with the same period last year, according to data released by the Korea Customs Service. That was far slower than the revised 13% increase recorded for the entire month of November. The numbers indicate that while exports are still growing, the recovery is waning. Rising semiconductor demand drives exports higher Semiconductors have remained the backbone of South Korea’s exports. Shipments in the category increased by nearly 42% from the same period last year, as a rebound that began earlier this year continued. The rapid expansion of artificial intelligence, cloud computing , and massive data centers has driven a significant part of the demand. Chipmakers have seen orders for high-end memory products that power servers in artificial intelligence data centers. Technology companies worldwide are further expanding their capacity networks to house new applications, a trend that is fueling demand for high-end chips. That partly explains why even export-oriented economies have struggled to create their own chip industries, transferring political and economic power to one of the world’s most dominant semiconductor producers — South Korea — but not to many others, which are still relative newcomers. The wireless provision segment also had a strong quarter. That segment was almost 18% higher, as companies throughout the region increased their spending on overall network upgrades and digital infrastructure. The increases helped offset a lack of strength in some more traditional lines. The recovery was lopsided, affecting all industries equally. Despite improving trade data and unresolved global trade tensions, auto exports are still down 13% from a year earlier, as demand remains weak in major overseas markets. Moisture-sensitive petrochemical products have also been replaced in overseas business due to more expensive feedstock, imposed sales restrictions, and market tightness. Tariffs and currency swings weigh on export outlook Trade uncertainty continues to weigh on South Korean exporters. In late October, Seoul and Washington reached a breakthrough tariff deal after three months of negotiations. Koreans were partially relieved because it restricted the application of high trade duties by the United States against Korean goods to a maximum of 15%, rather than imposing more stringent trade barriers for Korea. Tariffs on Korean cars and parts were also reduced to 15%, effective retroactively to November 1. The action stems from a notice published earlier this month in the US Federal Register. The deal has provided some relief, although it did not completely remove the favorable terms offered in the old agreement. Even with the reductions, tariffs would still average far above pre-war levels. Exporters continue to face higher costs and squeezed margins, particularly in price-sensitive industries such as the automotive or chemical sectors. Business groups have cautioned that long-term tariff burdens could drain investment and hiring. And while both headline and core inflation remain above the Bank of Korea’s own target of 2%. The country’s central bank and officials have warned that if the currency remains weak, the cost of imports — particularly energy and raw materials — will increase. Policymakers are closely monitoring whether the strength of exports will help offset those inflationary pressures. The smartest crypto minds already read our newsletter. Want in? Join them .