DeFi News Daily Official TheBitTimes.com

In a striking new development, Binance Coin (BNB) has achieved a remarkable feat. The token has now surpassed the world’s largest private bank, Union Bank of Switzerland (UBS), in market capitalization and value, showcasing its rising popularity and acclaim, growing rapidly in the process. The token is now ranked 6th among the leading assets in the CMC crypto coin list and is targeting new price highs in the process, as predicted by leading analysts and technical prediction platforms. Also Read: The XRP Price Thought Ladder: $100, $1,000, $100K, $1M+ BNB Surpasses UBS in Market Cap Source: The Coin Republic Binance Coin, one of the leading crypto tokens, has now surpassed Union Bank of Switzerland in market cap. This major feat has also been acknowledged by Binance’s CEO Changpeng Zhao, who shared how every bank needs to adopt BNB in the near future. He later shared how he’s happy to help banks in case they would like to figure out ways to deploy BNB in their currency infras...

Known for its long-term volatility and for missing out on the 2024 bull market since early March, Terra Classic (LUNC) is once again drawing attention as the next U.S. court hearing involving Terraform Labs co-founder Do Kwon approaches on April 10. LUNC’s decline can be traced back to May 2022, when the Terra ecosystem collapsed after its algorithmic stablecoin USTC lost its dollar peg and fell below $0.01.  The incident wiped out an estimated $60 billion in market value, triggering widespread panic across the digital asset space. The collapse of Terra is widely regarded as a major catalyst for the prolonged ‘crypto winter’ that followed. Yet, despite major setbacks and ongoing legal fallout, the project persists, kept alive largely by its dedicated community. Community burn efforts persist, but price impact remains modest Part of this ongoing effort has centered around a community-led token burn mechanism, aimed at reducing the token’s oversupply and boos...

The Bitcoin price edged up 1% in the last 24 hours to trade at $96,529 as of 3:20 a.m. EST on a 44% pump in trading volume to $42 billion. This rise in the BTC price comes as Bitcoin celebrates the 16th anniversary of its Genesis Block on January 3, 2025, a cornerstone of the cryptocurrency revolution. Created by the enigmatic Satoshi Nakamoto, the Genesis Block was mined on January 3, 2009, introducing the first 50 Bitcoins and embedding the historic message: “The Times 03/Jan/2009 Chancellor on the brink of second bailout for banks.” On this day in 2009, Satoshi Nakamoto mined the Bitcoin Genesis Block, also known as Block 0. A historic moment marking the beginning of Bitcoin. 🟠 pic.twitter.com/ORZJ25EXRY — Trezor (@Trezor) January 3, 2025 Interestingly, the second block wasn’t mined until six days later, fueling speculation that Satoshi may have echoed the six days of creation in the Book of Genesis. Over the years, Bitcoin has evolved signifi...