Binance News: MEW Token Skyrockets 20% After Binance Alpha Listing

In a significant development for the cryptocurrency market, the MEW token has experienced a notable surge in value following its listing on Binance Alpha. Here’s a closer look at the key details and market impact.

MEW Token Soars Nearly 20% Following Binance Alpha Listing

The mew token rallied as high as 20% after breaking out of its multi-month downtrend, following its listing on Binance Alpha. On April 2, MEW hit an intraday high of $0.311, its highest level in six weeks and about 40% above its weekly lows. Its market cap was $272 million, while its daily trading volume doubled to $176 million. Further demand among its derivatives traders has also jumped, with open interest up 40% in the last 24 hours to over $45 million. The weighted funding rate flipped from -0.0076% to 0.0017%, indicating increasing bullish sentiment among traders.

WhiteBIT Nova Crypto Card Surpasses 1 Million Transactions, Driving Blockchain Adoption

WhiteBIT Nova has surpassed 1 million transactions, highlighting the role of crypto cards in bridging the gap between digital assets and everyday spending. As crypto card users increasingly adopt spending habits similar to traditional payment methods, the global market for crypto payments is projected to reach USD 220.46 billion by 2033. By 2026, nearly 1 in 5 cryptocurrency owners is expected to use their holdings for payments. Crypto cards, including cashback rewards and the rise of virtual cards, are driving this adoption and bringing crypto closer to traditional finance.