Tag: Binance

Hashed sends 18.45 million tokens sand a binance

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  • The HASH deposit of 18.45 million Sand A Binance indicates a possible mass sale.
  • The price of Sandbox (SAND), which has risen 32.6% during the week, has fallen 4.1% today.
  • The key levels to be monitored are the support at 0.31 dollars and the resistance at 0.3627 dollars.

    • The Sandbox (SAND) has been capturing attention in the cryptocurrency market, with its price by raising 32.6% during the last week to USD 0.3517.

    Despite this impressive gain, Token has faced a 4.1% drop in the last 24 hours.

    In addition to market dynamics, the HASHED cryptocurrency investment company recently deposited 18.45 million Sand tokens, valued at approximately USD 6.3 million, in Binance.

    This important transaction has caused discussions between traders and analysts about its possible impact on the trajectory of the Sand price.

    Recent Sand prices movements

    In the last 24 hours, Sand has quoted between 0.337 and 0.3706 dollars, which reflects the volatility inherent to the cryptocurrency market.

    Despite the recent fall, the Token has shown resistance, with a notable increase of 32.6% in the last seven days, going from a minimum of $ 0.2641 to a maximum of 0.3679 dollars.

    In a broader temporal horizon, Sand has gained 17.4% in the last 14 days and 33.2% in the last month, indicating a strong upward trend.

    However, it is worth noting that during the last year, the Token has decreased by 16.7%, which highlights the cyclical nature of cryptocurrency investments.

    Impact of Hashed’s tokens strategic movement

    In particular, today’s transaction, valued at around USD 6.3 million, follows a strategic withdrawal of Hashed last month.

    On April 10, 2025, at 3:00 PM UTC, Hashed withdrew 11.36 million Binance Sand tokens when the price was $ 0.26, for a total of 2.9 million dollars.

    Since then, the Sand price has appreciated 35%, reaching $ 0.35 before the recent deposit.

    Today’s deposit of such a large amount of Sand in Binance could indicate that Hashed is preparing to sell, which could exert down the price on the price.

    This is especially relevant given the increase in the volume of operations observed after the deposit.

    Immediately after the deposit, the commercial activity increased, with the volume in the PAR SAND/USDT jumping to more than 25 million SAND in the following time.

    This was significantly higher than the previous average of 24 hours of 15 million SAND.

    The increase in activity suggests that traders are reacting quickly to the news, possibly anticipating a price movement.

    From a technical perspective, the relative force index (RSI) is in 64 after briefly entering the overcompra region in the daily chart, which suggests that, although Sand has had an upward trend, it is currently cooling in anticipation of the next movement.

    The MACD also indicates a setback with a decreasing histogram and the MACD and the signal lines converge.

    If the price falls below the $ 0.31 support, we could witness a new support test around 0.27 dollars.

    However, if the $ 0.31 support is maintained and the resistance of 0.3627 dollars is broken, the token could recover its upward impulse, boosting it towards $ 0.41.

    The Sandbox (Sand) Price ChartThe Sandbox Price Graph (Sand)

    However, it is important to keep in mind that the cryptocurrency market in general has experienced mixed feelings, which could influence the appetite for the risk of assets such as SAND, although the metovers and games tokens, including SAND, have recently gained ground, driven by the renewed interest of investors in virtual reality projects.

    Being attentive to negotiation volumes, technical indicators and the general feeling of the market will be crucial for those who seek to capitalize or protect against possible price oscillations in the next few days.

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    FTT leads the vote on the exclusion of Binance with 11.1% community support

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    • The vote was held from April 10 to 16, 2025.
    • Zec and Jasmy followed with 8.6% of the votes each.
    • Binance says that the votes will not be the only factor for exclusion of the list.

    FTT, the native token of the collapsed exchange FTX, faces a renewed pressure after leading the second round of “slide” vote ”of Binance with 11.1% of the votes of the community.

    The vote, which was carried out from April 10 to 16, 2025, is part of the Binance’s broader governance program, which allows users to comment on tokens marked with a monitoring label.

    These tokens are considered to carry greater risk or volatility, which has motivated more exhaustive internal evaluations by Binance. While the results of the voting alone do not determine the exclusions of the platform, they do significantly influence the decision -making process of the Exchange.

    The Token has experienced a persistent bearish impulse since the beginning of the year, and its association with the collapse of FTX in November 2022 continues to cloud the confidence of investors.

    At the time of writing this article, FTT was quoted at $ 0.80, 4.1% less than in the last 24 hours, and his last decrease echoed the sales driven by the feeling observed in the first voting round.

    Fountain: Coinmarketcap

    Binance expands governance tools

    Binance’s “Vote for Delist” seeks to improve transparency and strengthen user participation in governance. It focuses on assets marked with monitoring labels, usually due to liquidity problems, regulatory risks or large price fluctuations.

    While the feeling of the community plays a key role, Binance has clarified that the exclusion decisions of the list are not determined only by the vote results.

    “The vote result will not be the only decisive factor for the final decision of exclusion of the list,” Binance said on its Square platform.

    The review process will also consider internal metrics and compliance standards, and any final decision can be delayed depending on the procedure requirements.

    The leading FTT position among the 17 tokens included in the second voting round suggests a strong community preference for its elimination, which reinforces the caution of the market over its long -term viability.

    The Altcoins face price drops and risk of exclusion from the list

    Other tokens also recorded notable levels of concern. ZCash (ZEC) and Jasmycoin (Jasmy) each received 8.6% of the votes, reflecting the growing distrust of users despite their historic popularity.

    GOPLUS Security (GPS) followed him with 8.2%, while PlayDAPP (PDA) obtained 7.6%. Voxies (Voxel), Alpaca Finance (ALPACA) and STP Network (STPT) also stood out, with 7.1%, 6.3% and 5.9% of the votes, respectively.

    Price data show that these tokens have begun to react to the vote results. Jasmy and Stpt fell around 6 % in the last 24 hours, while other cryptocurrencies showed more moderate descents.

    For example, Voxel, PDA and Alpaca published red candles, suggesting that investors’ anxiety can extend beyond the FTT.

    They were also included in the Flamingo Finance (FLM) list with 4.3%, ARK (5.8%), BISWAP (BSW) with 5.5%and Moviebloc (MBL) with 4.2%.

    Wing Finance (Wing) obtained a lower voting participation, with 3.8%, ardor (ARDR) with 3.6%and perpetual protocol (perp) with 3.4%. NKN and Lto Network closed the list with 3.2% and 2.9% of the votes, respectively.

    The market awaits Binance’s decision about the FTT

    Although Binance’s final exclusion decisions are pending, the data indicates a clear tendency of the community to move away from the tokens considered unstable or committed.

    Market participants are expected to closely monitor the Binance review process, particularly for tokens such as FTT and Jasmy, which continue to attract regulatory and public scrutiny.

    The bag has not announced a firm schedule for exclusion and reiterated that internal reviews are still ongoing.

    However, the impact on the market has already materialized, with strong short -term price drops and commercial volumes that show volatility in affected tokens.

    Once this voting round is completed, Binance’s next steps could sit on how much influence the community’s comments will have when shaping the platform assets offers in the future.

    The Post FTT leads the vote on the exclusion of Binance with 11.1% support from the Appeared First On coinjournal community.

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    Binance obtains an investment of $ 2,000m

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    • Binance has obtained a huge investment of 2 billion dollars from MGX, a sovereign background of wealth based in Abu Dhabi.
    • The investment is the first institutional agreement of Binance since Changpeng Zhao founded it in 2017.

    Binance, the largest cryptocurrency exchange platform in the world by volume of operations, has obtained an investment of 2 billion dollars from MGX, a sovereign fund with headquarters in Abu Dabi.

    Announced On March 12, 2025, the agreement implies that MGX will acquire a minority participation in Binance. This investment is MGX’s largest investment, based in Abu Dhabi, in a cryptocurrency company.

    It is also the first institutional investment that Binance has closed since its foundation in 2017.

    What they said

    In a comment, the executive director of Binance, Richard Teng, said:

    «This MGX investment is a significant milestone for the cryptocurrency industry and for binance. Together, we are shaping the future of digital finances. Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on regulatory compliance, user security and protection. Binance maintains its commitment to collaborate with regulatory agencies around the world to establish transparent, responsible and vision of the future for the cryptocurrency industry. Our continuous investments in safety and regulatory compliance reinforce our mission of promoting a safe and reliable digital financial ecosystem ».

    MGX’s investment in Binance occurs a few weeks after the founder and former executive director of the platform, Changpeng Zhao, declared that Binance was not on sale.

    However, CZ pointed out that the cryptocurrency giant was open to investment opportunities in the middle of its search for greater growth. Zhao shared the last development through X.

    When commenting on the investment, the managing director and CEO of MGX, Ahmed Yahia, declared:

    “MGX’s investment in Binance reflects our commitment to advance in the blockchain transformative potential for digital finances. As institutional adoption accelerates, the need for infrastructure and blockchain solutions safe, compatible and scalable has never been greater. Binance has long been a driving force in cryptocurrency innovation, from exchange technology and tokenization to staking and payments. ”

    Binance has continued to grow despite the regulatory obstacles that saw him pay $ 4.3 billion to reach an agreement with the US authorities in 2023. The former CEO Zhao also had to resign, finally fulfilling a four -month prison sentence.

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    MyShell (Shell) reaches a historical maximum after the news of its inclusion in the Binance list

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    • MyShell’s price rose 34% to a new historical maximum of $ 0.68
    • Token ai gained value after Binance announced the inclusion of Shell with an Airdrop on February 27.

    MyShell (Shell) rose strongly on Thursday while the market fought to position itself in the middle of the expected inclusion of the project related to artificial intelligence (AI) on the Binance cryptocurrency exchange platform.

    Shell’s profits challenged the general recession, with most cryptocurrencies in red numbers during the day and during the past week.

    Inclusion in Binance catapult the price of MyShell to a new maximum

    Shell, the native token of the myshell consumption layer, shot more than 34% to reach a new historical maximum of $ 0.68.

    The project, which is building a framework for AI agents, benefited from the bundle impulse catalyzed by The news What Binance will add commercial support for Shell.

    Having changed hands around $ 0.45, the price of MyShell shot over $ 0.60 and broke the previous ATH reached on February 17.

    Token’s rebound means that the current price is approximately 188% from the minimum of $ 0.21 observed on February 13.

    Binance announced that Exchange will include Shell on February 27, 2025. The main CEX plans to add commercial pairs for Shell against BTC, BNB, USDT, USDC and FDUSD. Shell will also have a commercial pair with the Try fiduciary currency. According to Binance, on Thursday, February 27, an Airdrop for MyShell will be held.

    With this, the official list of Token Shell will also be held, expected at 1:00 p.m. UTC. The commercial support for cryptocurrency will include a seed label, Binance said.

    A seed label is an added marker to the token list to indicate that the project is new and that its price can experience great volatility. Point out a potential risk for buyers.

    Shell’s daily volume increases 209%

    The contribution announcement was a notable influx to MyShell, and the native token experienced a significant increase. The volume of daily Shell operations increased more than 209% to exceed 140 million dollars, while market capitalization increased 34% to 172 million dollars.

    The totally diluted valuation of the project is currently at 642 million dollars. MyShell has a total supply of one billion and a circulating supply of 270 million Shell.

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    Nigerian authorities ask for a fine of 79.5 billion dollars against Binance

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    • The federal government of Nigeria sue Binance for a fine of 79.5 billion dollars.
    • The Government demands $ 2 billion in backward taxes for 2022-2023.
    • Binance is accused of tax evasion and operating without a license.

    In an unprecedented escalation of legal confrontations, the federal government of Nigeria has filed a new demand against the cryptocurrency giant, Binance, demanding an amazing fine of 79.5 billion dollars.

    This legal action occurs in the middle of ongoing disputes that have seen Binance entangled in a network of regulatory challenges within the country.

    According to sources Familiar with the new development, the Quid of the demand filed by the Nigerian authorities includes not only the fine of 79.5 billion dollars, but also a demand of $ 2.001 million in backward taxes for the 2022 and 2023 years.

    The Federal Internal Tax Service (FIRS) is pressing specifically to obtain detailed financial records of Binance for these years, stating that the exchange has been illegally operating, contributing to the depreciation of the Naira and not complying with fiscal obligations.

    The case of the Nigerian government against Binance is multifaceted, accusing the exchange of cryptocurrencies of multiple tax evasion and operating charges without the necessary licenses for more than six years.

    The Government had also included money laundering charges, although it later withdrew the charges in October 2024.

    Binance problems in Nigeria

    The legal problems of Binance intensified after the arrest of two Binance employees, Tigran Gambaryan and Nadeem Anjarwalla, in 2024.

    Although Gambaryan, a former IRS agent, was subsequently released thanks to the intervention of the United States and has filed humanitarian demands against Nigeria, Anjarwalla managed to escape from custody and its current location remains a mystery.

    The financial demands in the new demand are substantial, with additional fines and interests calculated based on the credit policies of the Central Bank of Nigeria.

    The government seeks an annual fine of 10% together with an interest rate of 26.75% on unpaid taxes, demonstrating the severity of financial claims against Binance.

    It should be noted that the new demand adds another layer to the already complex relationship between Binance and the Nigerian authorities. The previous accusations have included statements that Binance offered $ 5 million to resolve the case of Gambaryan and address other regulatory violations, although the details in this regard are scarce and Binance has not yet responded to requests for comments on these developments.

    The result of this demand could have significant implications not only for Binance operations in Nigeria, but also for the broader approach to the cryptocurrency industry with respect to compliance and regulatory commitment in the largest economy in Africa.

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