Binance reports 77% of users in emerging markets treat exchanges like banking apps

Binances user base has undergone a quiet but dramatic demographic shift. The exchange now counts 77% of its users from emerging markets, up from 49% in 2020.  The numbers behind the banking shift  73% of stablecoin savers on Binance are located in emerging markets. In English: nearly three out of four people using the platform to store dollar-denominated value live in countries where the local currency might lose purchasing power faster than you can refresh a price chart.  The engagement metrics go deeper. 24% of active users now utilize two or more services on the platform, while 14% use three or more. Of that most-engaged cohort, 83% are from emerging markets.  Why traditional banking lost the race  Globally, 1.4 billion adults still lack access to basic financial services. Traditional banks never solved this problem because the economics didn‘t work. Opening branches in rural Nigeria or remote Indonesia costs money. Maintaining compliance infrastructure for small-balance accounts costs more money. The result: banks simply didn’t show up.  Binances pitch is straightforward. A smartphone app with 24/7 access, no minimum balance requirements, and cross-border functionality baked in.  Regulatory tightrope and market integrity concerns  Binance has faced persistent scrutiny over illicit fund flows and market manipulation practices across its platform. The exchange

05-10Industry

MarsCat and Conflux Network Partner to Pioneer Privacy-First Web3 Infrastructure

MarsCat provide more robust network connections between both ecosystems; and create new/secure forms of payment.  The partnership aims to build an improved, secure, and user-operated digital ecosystem, with additional goals of user privacy (currently lacking) and scalability of the foundation for Web3. The partnership is a great opportunity to create a much larger digital presence.  Strengthening the Decentralized Communication Layer  MarsCat Global is establishing itself as a platform for application hosting and development with privacy as a major focus. A key function of the company will be to create a decentralized peer-to-peer (P2P) network that does not require centralized servers for both application developers and end-user app usage. MarsCat will also look to utilize Conflux Networks capabilities to help develop its own decentralized communication protocols further enhancing its goal of providing user experiences completely free of centralized servers and unaffected by censorship.  Conflux‘s current rapid international growth makes this partnership all the timelier, as demonstrated by a recent large-scale event held in Hong Kong focused on Real-World Asset (RWA) Tokenization and PayFi (Payment Finance). Conflux’s unique “Tree-Graph” consensus will allow MarsCat to expand the reach of its privacy-preserving platform to an extensive geographic and demographic audience. Furthermore, technology will support real-time transaction processing in

05-10Industry

Crypto industry cheers Senate Clarity Act markup date as market structure push resumes

The will meet on Thursday, May 14, to consider the Digital Asset Market Clarity Act of 2025, putting the crypto market structure bill back on the calendar after a January postponement.  The notice follows months of talks over regulatory jurisdiction, consumer protections, developer protections and stablecoin rewards. CoinDesk reported last week that crypto firms had backed a stablecoin yield compromise meant to unlock the bill.  Cody Carbone, CEO of The Digital Chamber, said the notice marks “a major step” toward clarity for more than 70 million Americans who use cryptocurrencies..  Blockchain Association CEO Summer Mersinger called the markup notice “an important step toward establishing clear rules for digital asset markets.”  “This work reflects months of serious engagement on difficult questions, from SEC-CFTC jurisdiction to consumer protection and developer protections,” Mersinger said. “Clear statutes are what American consumers, businesses, and innovators deserve.”  Kristin Smith, president of the Solana Policy Institute, called the markup “a make or break moment for American leadership in financial markets.” Miller Whitehouse-Levine, the groups CEO, said the date is “the first step” toward giving builders and financial institutions certainty to build onchain in the U.S.  Ji Hun Kim, CEO of the Crypto Council for Innovation, said “the momentum is real, and the time

05-10Industry

XRP Price Prediction Strengthens After Ripple, JPMorgan, Mastercard Settle First Cross Border Tokenized Treasury on XRP Ledger: Pepeto Holds the Bigger Multiple

The XRP price prediction picked up serious momentum after Ripple, JPMorgan, Mastercard, and Ondo Finance completed the first cross border, cross bank redemption of a tokenized US Treasury fund on the XRP Ledger, as reported by CoinDesk. The pilot settled in under five seconds outside normal banking windows, plugging a public blockchain into JPMorgans $3 trillion Kinexys settlement platform.  This is the kind of plumbing that turns XRP from a payments narrative into live institutional infrastructure, with JPMorgan delivering US dollars to Ripples Singapore bank in the same flow that cleared the asset side on XRPL.  XRP trades at $1.38 today after a 2.34% pullback. While XRP price watchers track whether $1.45 breaks first, Pepeto is drawing capital from wallets that know presale entries reprice the moment a Binance listing arrives. With $9.86 million already raised at $0.0000001869, the math is too clean to ignore.  XRP Price Prediction Gets a Major Boost as Tokenized Treasury Settlement Lands Live on XRPL  The Ondo OUSG redemption used the XRP Ledger as the asset rail, with Mastercards MTN routing instructions and JPMorgan delivering dollars across borders. The pilot is the first time a public blockchain and global banking infrastructure handled a cross border tokenized fund redemption as

05-10Industry

Strategy Says It May Sell Bitcoin to Fund Dividends

Strategy may sell part of its Bitcoin holdings to support preferred stock dividend payments.Phong Le said selective BTC sales could unlock nearly $2.2 billion in future tax savings.Strategy expanded its Bitcoin holdings to 818,334 BTC despite reporting a quarterly loss.  Strategy executives said the company may sell part of its Bitcoin holdings to fund dividend payments tied to its preferred-stock structure, marking the first time senior leadership has publicly discussed reducing the firms BTC position.  During the companys first-quarter earnings call, Executive Chairman Michael Saylor stated that the firm wants to maintain flexibility across its capital structure as it expands its financing tools. According to Saylor, a limited Bitcoin sale could be used to “inoculate” the market and show that the company has additional options available for shareholder-related obligations.  Strategy CEO Phong Le also said the company would consider selling Bitcoin when such a move becomes accretive to shareholders. Le added that the companys objective may include selling Bitcoin acquired at prices above current market levels to realize capital losses that could generate tax benefits.  Strategy Discusses Capital Flexibility and Tax Position  Saylor said the company remains comfortable with its Bitcoin position despite discussing possible sales. He noted that creating additional optionality for the company

05-10Industry

Chainlink attracts security-focused capital after DeFi stress - Can LINK maintain momentum?

Chainlinks [LINK] market structure has continued tightening after the token climbed to $10.48 on the charts – Its highest level since January. At the same time, social discussions around LINK accelerated sharply, helping fuel renewed short-term momentum across the market.  Meanwhile, exchange supply fell as more holders shifted tokens into long-term custody and inactive wallets.  In fact, over the past five weeks alone, roughly 13.5 million LINK left exchanges, removing more than 10.5% of previously available trading supply since early April.  Source: Chainlink  This episode of tightening liquidity coincided with a hike in whale accumulation. Especially since according to recent insights by Chainlink, wallets holding between 100,000 and 10 million LINK added another 32.93 million tokens – Pushing combined holdings towards 461 million LINK.  However, shrinking exchange liquidity may amplify future volatility if rising demand collides with reduced immediately available supply.  Chainlink emerges as DeFis security-driven liquidity destination  As the rsETH exploit exposed deeper weaknesses across DeFi infrastructure, roughly $3 billion in capital rotated towards Chainlink-integrated protocols within days. Liquidity increasingly exited compromised oracle systems and exploited bridge infrastructure tied to Chaos Labs and LayerZero.  Source: X  This migration accelerated after the exploit temporarily erased more than $10 billion from DeFi TVL. Liquidity conditions across affected Aave markets also

05-10Industry

Project Eleven warns Bitcoin faces quantum threat by 2030

Here‘s a thought experiment that should keep Bitcoin holders up at night: what happens when a machine can crack the cryptography protecting your wallet in minutes instead of millennia? According to quantum computing research firm Project Eleven, that scenario isn’t science fiction anymore. Its a planning horizon.  The firm‘s latest report argues that quantum computers could breach the encryption underpinning Bitcoin by 2030, putting roughly 6.9 million BTC at direct risk. At current prices, that’s approximately $560 billion worth of Bitcoin sitting in addresses with exposed public keys, essentially waiting for a sufficiently powerful quantum computer to come along and pick the lock.  The vulnerability, explained  The 6.9 million BTC figure comes from older address formats that expose public keys directly on the blockchain. Newer address types, like those starting with “bc1,” hash the public key before recording it on-chain, adding a layer of protection. But millions of coins, including some believed to belong to Bitcoins pseudonymous creator Satoshi Nakamoto, sit in legacy addresses where the public key is visible to anyone who cares to look.  Project Elevens report estimates a greater than 50% likelihood that quantum computers will be capable of breaking these protections by 2033. The 2030 date represents a more aggressive

05-10Industry

Solana Price Nears Key Resistance—Can SOL Rally to $100 This Weekend?

The post Solana Price Nears Key Resistance—Can SOL Rally to $100 This Weekend? appeared first on Coinpedia Fintech News  As the Bitcoin price stabilizes around the $80,000 range, bullish momentum appears to be gradually returning to the crypto markets. Among the top-performing altcoins, Solana is showing notable strength after the SOL price surged above $90 and climbed as high as $93 over the past few hours.  The rally has pushed SOL close to a crucial resistance zone, while technical indicators continue to flash bullish signals. Analysts now believe a breakout above the local resistance near $95 could open the doors for a fresh rally toward the long-awaited $100 milestone this weekend.  Solana Price Analysis: Can Bulls Sustain the Momentum?  The Solana price is approaching a crucial resistance zone after reclaiming the $90 range with rising bullish momentum. As market sentiment improves, traders are now watching whether SOL can break above the local resistance near $95 and trigger a fresh rally toward the psychological $100 milestone this weekend.  The daily chart shows SOL rebounding strongly from the key support zone near $76 while forming higher lows, indicating growing bullish strength. The price is now testing the upper resistance range near $95, which has capped previous recovery

05-10Industry

It might be too late for bitcoin’s quantum migration, Project Eleven report argues

More than $3 trillion in digital assets could eventually become vulnerable to theft within the next four to seven years, according to a new report from Project Eleven  Project Eleven focuses on post-quantum security and migration for digital assets and recently announced a collaboration with the Solana Foundation to prepare its network against the threat of quantum computing.  “The digital asset industry holds over $3 trillion in aggregate value, and virtually all of it is secured by the same class of cryptographic primitive: elliptic curve digital signatures,” which are vulnerable to quantum computing attacks, the report said.  But it is not only crypto that is at stake here. The report states that the same public-key cryptography security used by bitcoin, ether and stablecoins also underpins banking systems, cloud infrastructure, authentication networks and military communications.  The 110-page report by Project Eleven, whose CEO , also states that sufficiently powerful quantum computers could use Shors algorithm to derive private keys from public keys, allowing attackers to forge signatures and take over control of wallets and digital accounts secured by the elliptic curve cryptography.  This means blockchains, banking infrastructure, cloud systems, military comms and other digital identity systems are also vulnerable, not just bitcoin, ethereum, stablecoins, and other

05-10Industry

Amazon boosts CAPEX to $44.2B, up from $25B last year

Amazon just dropped $44.2 billion in a single quarter on capital expenditures. That‘s not a typo. The figure represents a 77% increase from the $25 billion the company spent in the same period last year, and it signals that Amazon’s AI spending spree is accelerating, not slowing down.  The numbers behind Amazons AI bet  The quarterly figure is eye-catching on its own, but zoom out and the picture gets even more dramatic. Amazons trailing twelve-month capex now sits at $147.3 billion, a 67% jump from $88 billion over the prior twelve-month period.  Operating cash flow tells a healthier story, rising 30% to $148.5 billion on a trailing twelve-month basis. Free cash flow, the money left after all that spending, cratered to just $1.2 billion. When your operating cash flow is $148.5 billion and your free cash flow is $1.2 billion, nearly every dollar coming in the door is going right back out.  Why AWS matters more than ever  Amazon Web Services, the company‘s cloud computing arm, met revenue expectations for the quarter. AWS is the engine that’s supposed to justify all this spending, and so far, its delivering.  Analysts have pointed to AWS‘s performance and optimistic forward guidance as the key reason the market isn’t punishing

05-10Industry
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