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ORDI (ORDI) surged 82% after the largest crypto exchange, Binance, announced its listing and mistakenly tied it to the Bitcoin Ordinals project. Over the past 24 hours, the token’s price has jumped from $7.49 to $13.66 at the time of writing. However, ORDI price is still well below its all-time high of $29.16, recorded on May 8, 2023. Since the all-time low on Sept. 11, 2023, the token has already increased by 381.95%. Source: CoinMarketCap ORDI’s market capitalization also jumped 22.5% in the recent 24 hours to $277 million. Now, according to this indicator, the token ranks 127th in the CoinMarketCap rating. At the same time, ORDI trading volumes showed stunning growth. Over 24 hours, trading volume increased by 320% to $506 million. This propelled ORDI into the top 10 cryptocurrencies by 24-hour trading volume. Binance lists ORDI Earlier Binance announced the listing of ORDI on its platform. The crypto community believed that the token belonged to the popular...

The exchange's share in crypto spot trading was slashed by one-third over the past year. Crypto exchange Binance's market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago. According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. "Binance's spot trading volume has seen a significant decline in the past year, perhaps due to its listing strategy," researchers wrote, "Most popular coins experienced a downturn immediately after being listed on Binance." At the same time, Korean crypto exchange Upbit saw the most significant increase, with its spot market share increasing from 5% to 15.3% during the same period. When all crypto trading volumes, including both spot and derivatives, are included, Binance's market share came at 51.2% in October 2023. This was followed by OKX (13.4%), Bybit (9.6%), Bitget (7.0%), and MEXC Global (6....

The dismembered corpse of a missing American crypto investor has been found in a Bulgarian sewer by plumbers attempting to fix a blocked drain. As reported by the Daily Mirror, Christian Peev was reported missing by his cousin on August 10. However, police in Sofia believe that the 41-year-old may have been murdered two days earlier by his friend Vesco Valchinov. It’s thought that Valchinov, who met Peev when he was working as a bartender, killed Peev with a dumbbell before chopping up his body and flush ing much of it down his toilet. Parts that he was unable to flush , such as pieces of bone and Peev’s head, he buried. Valchinov was arrested after police used his phone to track him to a hotel in Vitosha Mountain. Police say that another man, Konstantin Subotinov, helped him to dismember and hide Peev’s body . According to local media, Mr Peev had previously helped Valchinov with his crypto trades, leading police to suspect that the murder was motivated by money. The investigatio...

Also Read: Bitcoin Holdings Shift: Institutions Accumulate BTC as Exchange Balances Plummet advertisement Among those leaving the company are Han Ng, the General Counsel; Patrick Hillmann, the Chief Strategy Officer; and Steven Christie, the senior vice president for Compliance. While Hillmann said he was leaving on good terms, Christie explained he wants to take a break and spend time with family. Meanwhile, it is being speculated that Binance has found a replacement for Hillmann. Binance New Chief Strategy Officer According to Fox Business journalist Eleanor Terrett, the Crypto exchange might have zeroed in on a candidate as replacement for former Chief Strategy Officer Patrick Hillmann. Brad Jaffe, currently the company’s vice president of Communications, is likely going to be the replacement for Hillmann. Meanwhile, it appears that the Crypto exchange is still in the look out for compliance senior vice president Steve Christie. Earlier, CoinGap...

Police and financial regulators in several European countries are collaborating with the US Securities and Exchange Commission (SEC) to unravel more information on Binance, sources close to the matter told Protos. The SEC has been soliciting information on Binance’s activities from several European nation-states for some time and a number of them have been spurred into action after the exchange was indicted by the SEC and accused of commingling funds earlier this month. Other Europe an authorities are still in the process of assessing the complexity of Binance ’s case and are yet to comply with the SEC ’s requests for information. Binance’s opaque European network Like FTX, Binance has dozens if not hundreds of companies registered across the world, many of them in Europe. Apart from having a license to serve as a crypto exchange in countries like France and Cyprus, and in Spain through its subsidiary MoonPay, it has or had other companies registered in the...

Welcome to the 122nd Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write about. OK, only Crypto ? Not necessarily. We do that Monday to Friday, so we try to explore new subjects on weekends. Feel free to join in and submit entries on Twitter. Any topic is fair game. 46 mins ago The Context: Is Binance chief CZ going to jail? The SEC’s suit backs up suspicions that CZ and execs hoped to use Binance US as a regulatory shield to keep the heat off Binance. Latest from @BennettTomlin Subscribe and read: https://t.co/KDTZ7uCT5R pic.twitter.com/le7KhkZn8r — Protos (@Protos) June 9, 2023 Starting off with the latest issue of The Context. Subscribe and read ️ 45 mins ago Okay https://t.co/szcMsR3uB0 pic.twitter.com/c16yUDJRaT — Ki Young Ju (@ki_young_ju) June 8, 2023 44 mins ago Get out of crypto platforms now, I can't say it...