News

📢 Binance Announces Official Launch of BFUSD

The world’s largest crypto exchange Binance on Tuesday announced the official launch of its reward-bearing asset BFUSD. The exchange clears that the crypto asset will provide users returns on qualifying balances in their futures account, with yield as high as 19.55%.

BFUSD is a reward-bearing asset by Binance, one of the top crypto exchanges, to provide users with returns on their qualifying balances in their futures account. It can also be used as a margin in the multi-asset mode while still earning rewards.

⚖️ Prometheum To Face Setback Post SEC Chair Gary Gensler’s Exit: Fortune

U.S.-based crypto firm Prometheum had earlier leveraged the U.S. SEC Chair Gary Gensler’s tightened stance on cryptocurrencies. However, with Donald Trump’s reelection as the 47th president and Gensler announcing his step down, recent sentiments surrounding the firm’s future took a paradigm shift. With the rising speculations of a pro-crypto SEC Chair ahead, potential re-enforcements in crypto securities laws looming over the horizon have clouded the crypto firm’s future in an enigma.

👉 Pepeto And Pepe Unchained Value In The Bull Run – Next Memecoin To Surpass Pepe ?

Operating within the memecoin sector, Pepe Unchained utilizes Layer 2 blockchain solutions to improve efficiency and utility. By focusing on scalability and faster transaction processing, this approach aims to mitigate the congestion and delays often experienced during high-traffic periods in blockchain networks.

Markets

📊 Cryptocurrency Prices Today Nov 26: BTC Falls Below $93K, LDO Surges 15%

After a recent bullish rally, cryptocurrency prices today are under selling pressure as market sentiment turns cautious. Bitcoin (BTC) has fallen to $93K, while altcoins show mixed performance. Ethereum (ETH) and XRP have gained 3% to 4%, whereas Solana (SOL) is down 5%. Lido DAO (LDO) and Arbitrum (ARB) lead the gainers, rising 15% and 10% in the last 24 hours.

Meanwhile, the global crypto market cap has dropped by 2%, currently at $3.27 trillion. However, the overall trading volume has surged by 22%, reaching $241 billion. Let’s dive into the top cryptocurrencies by market cap and their price movements today, November 26.

⚠️ Bitcoin Price Crashes 8%, Will BTC Recover?

After approaching $99,690 on November 22, BTC extended the weekend crash, leading to a 7.09% correction in total. As a result, Bitcoin formed a potential swing low at $92,620 on Monday and is not attempting a pullback. Will Bitcoin recover and visit $100,000 or continue its descent? Bitcoin (BTC) price today trades at $93,113.0 on 3 PM. BTC price hit a daily high of $96,413.0 today after a -2.61% move on November 26.

📈 Ethereum Price Today Trades at $3,300 as After BTC Tumbles

While many altcoins fumbled due to Bitcoin’s weekend crash, Ethereum price set up a higher high, signaling renewed strength. However, BTC dropped even lower on Monday and in the early Asian and London trading sessions. Despite this bearish outlook, Ethereum price today is up -3.34% and trades at $3,326.3 with promising signs hinting that the value of ETH could head higher in the near future.