Binance Pay Partners with Lyzi to Bring Crypto Payments to the French Riviera
Binance Pay has expanded its cryptocurrency payment services to the French Riviera through a strategic partnership with French fintech Lyzi. Over 80 merchants in Cannes, Nice, Antibes, and Monaco now accept stablecoins and other cryptocurrencies via Binance Pay, marking a significant step toward real-world crypto adoption in Europe's luxury markets. The collaboration enables instant euro settlements for businesses, reducing volatility risks while catering to high-end retail, hospitality, and service industries. This move aligns with Binance's broader mission to drive mainstream crypto adoption in premium commercial hubs.
Binance Pay Expands Crypto Payments to French Riviera via Lyzi Partnership
More than 80 merchants across Cannes, Nice, Antibes, and Monaco now accept stablecoins and cryptocurrencies through Binance Pay, marking a significant leap in real-world crypto adoption in European luxury markets. The collaboration with French fintech Lyzi enables instant euro settlements for businesses, mitigating volatility risks while catering to high-end retail, hospitality, and services.
The initiative aligns with Cannes' municipal push for digital asset integration, positioning the Riviera as a testing ground for crypto-powered tourism. Over 100 assets—including euro- and dollar-pegged stablecoins—are supported, streamlining transactions for luxury hotels, beach clubs, and boutiques.
Ethereum at $2.4K Crossroads: Divergent Signals from Whales and Institutions
Ethereum's price has been trapped in a narrow range between $2,400 and $2,500 for two weeks, failing to recover from its recent drop from $2,800. This stagnation has triggered contrasting behavior among market participants.
Whales have aggressively accumulated 1.49 million ETH over the past month, a 3.72% increase in holdings. The buying spree peaked on July 1st with 704,000 ETH purchased versus 585,000 ETH sold, pushing Large Holders' Netflow to 119,300 ETH. Such accumulation typically precedes significant price movements.
Binance recorded $250 million worth of ETH inflows, suggesting retail selling pressure. The ethereum Foundation has been systematically offloading 1,000 ETH daily ($2.46 million), adding to the selling pressure from institutional players.
Hashflow (HFT) Surges 175% Following Binance's Solana Network Support
Hashflow's native token HFT skyrocketed 176% in a week after Binance enabled deposits for the decentralized exchange token on the solana network. Trading volume spiked to $97 million daily—a 25-fold increase from recent averages—as market participants rushed to capitalize on the announcement.
The rally breached key technical levels, including a bullish market structure break above the May high of $0.094. Analysts note the $0.10 zone now acts as potential support, with a fair value gap identified between $0.075-$0.11 that may attract buyers during pullbacks. The Relative Strength Index at 86 suggests overbought conditions, though momentum remains strong.
While the breakout appears decisive, some traders caution against immediate long positions given the vertical price movement. The Solana ecosystem continues demonstrating its capacity to drive liquidity events, with Binance's infrastructure support serving as a catalyst for DEX tokens.
