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Hedge Fund giant Brevan Howard, with assets under management (AuM) of around $20 billion, has revealed an increase in its BlackRock Bitcoin ETF (IBIT) holdings. The firm is just one of the notable names that continue to gain BTC exposure through IBIT and other Bitcoin funds. Brevan Howard Holds $2.3 Billion BlackRock Bitcoin ETF Shares
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A new report shows that Binance almost has a monopoly in the CEX market in terms of crypto airdrop distribution and staking rewards. In 2024, the exchange received $2.6 billion of a total of $2.7 billion in rewards, amounting to 94% of the entire market segment.
In an exclusive press release shared with BeInCrypto, Binance also revealed that it’s making substantial changes to its airdrop services to improve user experience and make participation easier.
Binance, the world’s largest crypto exchange, has become the go-to platform for airdrops and staking rewards. It launched the HODLer airdrop program less than a year ago, providing many new projects with a comprehensive platform to reward early adopters.
In the past year, the exchange has become synonymous with the latest airdrops, as most users are accessing their rewards through the platform.
Based on this impressive performance in the airdrop sector, Binance has substantially upgraded a few of its services. The platform has revamped its Launchpool and BNB Earn pages, making it easier for users to both track and participate in airdrops.
“With these upgrades, we’re making it easier than ever for users to unlock the full potential of BNB and participate in high-quality token launches. The redesigned Binance Launchpool and BNB pages reflect our commitment to user education, simplicity, and maximizing rewards,” said Jeff Li, VP of Product at Binance.
The updated BNB page will give Binance users key benefits, such as real-time information on airdrops across its platforms, including Launchpool, Megadrop, and HODLer Airdrops.
Users will also see features like trading fee discounts, VIP perks, and a historical rewards section. These improvements are designed to help the firm maintain its significant dominance while continuing to focus on integrity.
Hopefully, these improvements will allow the firm to maintain its significant dominance while maintaining its usual integrity. Last month, Binance Research identified some systemic problems with airdrops in general, and the exchange seems particularly concerned with its reputation.
The post Binance Dominates 94% of Crypto Airdrops and Staking Rewards appeared first on BeInCrypto.
HBAR has recorded its first spot inflow in the past seven days, attracting $1.5 million in fresh capital.
This marks a positive shift in market sentiment as investors regain confidence in the altcoin. It also aligns with the broader market’s attempt to recover from recent downturns.
HBAR’s spot inflows surged to nearly $2 million on Monday, signaling a resurgence in bullish sentiment toward the altcoin. Data from Coinglass reveals that this is the first time HBAR has attracted fresh capital in seven days, marking a shift in investor confidence.
According to the on-chain data provider, between March 11 and 16, the altcoin faced consistent sell pressure, with spot outflows exceeding $10 million. This latest inflow suggests a bullish reversal in market sentiment, hinting at a possible recovery as investors regain interest in HBAR.
Furthermore, the altcoin’s positive Balance of Power (BoP) highlights this renewed interest. At press time, this momentum indicator is in an upward trend at 0.62.
The BoP indicator measures the strength of buyers against sellers in the market to identify momentum shifts. A positive BoP like this suggests that buying pressure outweighs selling pressure, indicating growing demand and potential price appreciation.
If HBAR’s BoP remains positive, it confirms the bullish dominance, reinforcing the current buying pressure and supporting a sustained uptrend in the asset’s value.
HBAR exchanges hands at $0.19 at press time, trading above the support floor at $0.17. As demand grows, the altcoin could climb toward the resistance at $0.22.
A successful break above this level could propel HBAR’s price to $0.26, a high it last traded at on March 4.
Conversely, the bullish outlook would be invalidated if sellers regain dominance and profit-taking strengthens. In this case, HBAR’s price could fall to $0.17.
The post Hedera (HBAR) Attempts Rebound with $1.85 Million in Fresh Inflows appeared first on BeInCrypto.
Bitcoin, the leading cryptocurrency, has recently shown signs of recovery after a period of consolidation. Over the past few weeks, BTC’s price action has begun to push higher, suggesting the possibility of a rally that could propel the cryptocurrency toward the much-anticipated $100,000 mark.
This movement has sparked renewed optimism among investors, as a significant price surge could bring considerable profits to those holding Bitcoin.
The MVRV (Market Value to Realized Value) ratio has recently bounced off the mean line of 1.74, which is historically a strong point of confidence for Bitcoin. When this ratio rebounds from the 1.74 level, it often signals the early stages of a bull market. This market structure closely mirrors the one seen during the previous consolidation phase in 2024, which culminated in a peak during the yen-carry-trade unwind in August.
Following this, Bitcoin experienced a sharp price jump in September 2024, validating the bullish signal provided by the MVRV ratio. As Bitcoin’s price approaches this key level once again, there is potential for similar price action.
Bitcoin’s overall macro momentum is also supported by strong demand from investors. According to the IOMAP (In/Out of the Money Around Price) data, approximately 649,600 BTC, valued at over $61.6 billion, were purchased between $95,193 and $97,437. This large accumulation by investors establishes a solid support level for Bitcoin, should BTC holders refrain from selling immediately to break even. BTC could rise further if greed drives these investors to hold instead of selling immediately.
Combined with the early signs of a bull market with demand for gains, Bitcoin could reach the $98,000 resistance, validating the profitability of the $61.6 billion worth of BTC bought at these levels and securing the range as support. The increasing number of buyers in this range creates a strong foundation for Bitcoin’s price to surge further.
Bitcoin’s price has shown a short-term uptrend over the past three weeks, currently trading at $94,748. Although Bitcoin has been consolidating below the $95,761 level for the past week, it is poised for a possible surge. The positive momentum indicates that Bitcoin may break through the current resistance and continue its upward trajectory.
If Bitcoin manages to secure $95,761 as support, it could begin its climb toward $98,000. Breaking this resistance would open the path for Bitcoin to target the next key level of $100,000, which remains a major psychological barrier for investors. With strong support levels and positive market sentiment, Bitcoin could reach these milestones sooner than expected.
However, if Bitcoin fails to breach $95,761 and falls through the support at $93,625, it could face a decline to $91,521. This drop would invalidate the short-term bullish outlook, signaling potential market weakness. A reversal at these levels would require close monitoring of market conditions to determine the next potential price movements.
The post Bitcoin Worth $61 Billion Nears Profitability As Early Bull Signs Appear appeared first on BeInCrypto.