Binance’s Policy Shift Fuels CRV’s 34% Surge as DeFi Revival Gains Momentum
Curve DAO Token (CRV) has experienced a significant 34% surge this week, outperforming other major DeFi tokens, as Ethereum-based liquidity pools attract renewed investor interest. Currently trading at $0.69, CRV's rally is supported by $2.17 billion in total value locked (TVL) across its platforms. A key catalyst for this upward movement was Binance's recent adjustment to its collateral policy on July 4, which signaled growing institutional recognition of CRV's importance in the decentralized finance (DeFi) ecosystem. Yield-seeking investors are particularly drawn to Curve's stablecoin pools, contributing to the platform's revitalized activity. This development highlights the ongoing DeFi revival and CRV's strengthening position within the sector, with Binance's policy changes serving as a notable endorsement of the token's utility and value proposition.
Curve DAO Token (CRV) Surges 34% Amid DeFi Revival
Curve DAO Token (CRV) rallied 34% this week, outpacing major DeFi peers as Ethereum-based liquidity pools attracted fresh capital. The token now trades at $0.69, buoyed by $2.17 billion in total value locked across its platforms.
Binance's collateral policy adjustments on July 4 signaled institutional recognition of CRV's growing importance in decentralized finance. Yield-seeking investors are flocking to Curve's stablecoin pools, where annual returns exceed 8% on several Ethereum-based strategies.
Technical indicators show bullish momentum, though the $0.75 resistance level looms as a critical test. Market participants are watching whether CRV can sustain its breakout as DAO governance activity reaches record levels.
Bitcoin Price Flips $120K, But On-Chain Metrics Warn of Caution
Bitcoin has surged past the $120,000 mark, marking a new milestone in its price discovery phase. The cryptocurrency gained 3.7% intraday, 14% over the past week, and nearly 25% in the last month. Yet, beneath the bullish momentum, on-chain indicators suggest growing risks.
Binance's Bitcoin open interest has reached a record $14.1 billion, reflecting heightened trader appetite. While such build-ups often precede further gains, they also amplify vulnerability to sharp corrections. Leveraged positions now dominate the market, creating a precarious balance between upside potential and sudden volatility.
Mumbai Man Loses ₹1.93 Crore in Online Crypto Investment Scam
A 62-year-old retired professor in Mumbai fell victim to a sophisticated cryptocurrency scam, losing ₹1.93 crore after being lured into a fraudulent investment scheme. The scam began with a fake online relationship on Facebook, where a woman identifying as Ayesha gained his trust over time.
The perpetrator introduced the victim to cryptocurrency investments, eventually accessing his Binance account to steal the funds. In a cruel twist, a second scammer named Koyal promised to recover the lost money but instead extracted additional payments before disappearing.
Authorities have registered an FIR under relevant sections of the Information Technology Act. This case highlights the growing sophistication of crypto-related cybercrimes targeting inexperienced investors.
These Altcoins are Poised to Hit the Next ATH after Bitcoin?
Bitcoin has surged to a record $122,540.92, fueled by institutional Optimism and impending U.S. crypto legislation. The rally sets the stage for altcoins to follow suit.
BNB leads the charge, climbing 6.5% weekly to $705.38 after Binance's $1 billion token burn. Technical indicators and VanEck's ETF filing suggest a potential breakthrough beyond its $793.35 ATH.
XRP shows renewed strength as market attention shifts from BTC's consolidation. The altcoin market appears primed for breakout moves, with liquidity flowing from Bitcoin's historic performance into select digital assets.
Bitcoin’s Parabolic Rally Triggers $623 Million Short Squeeze
Bitcoin’s surge past $120,000 has ignited a fierce short squeeze, liquidating $623 million in bearish bets within 24 hours. The crypto market’s relentless rally shows no signs of slowing, with total liquidations reaching $748.3 million across 130,000 traders. Bitcoin shorts bore the brunt, accounting for $475 million of the wipeout as the flagship cryptocurrency breached key resistance levels.
Ethereum mirrored the carnage, with $90 million in liquidations as ETH reclaimed $3,000. Binance hosted the single largest liquidation order—a $98.1 million position vaporized by the market’s upward thrust. This follows last week’s historic $1 billion short liquidation event, the largest in four years.
The rally reflects deepening bullish conviction, with bitcoin briefly touching $123,000 amid broadening institutional interest. Market structure suggests this momentum may sustain, as cascading liquidations fuel further upside. Traders underestimating this market’s ferocity are learning painful lessons in real-time.
Binance Wallet Partners with Four.Meme to Challenge Pump.fun and Bonk.fun with New Token Sale Model
Binance Wallet is set to disrupt the memecoin launchpad space through a strategic partnership with Four.Meme, introducing a novel token sale model powered by bonding curve mechanics. The system, launching July 15, enables real-time price discovery where token values escalate with demand—mirroring the mechanisms that propelled competitors Pump.fun and Bonk.fun to prominence.
Pump.fun's Solana-based factory has minted over 11 million tokens since January, generating $800M in fees through its liquidity-guaranteed AMM. Meanwhile, Bonk.fun now commands 55% of Solana's token issuance volume, leveraging a buyback-and-burn mechanism that removes $500K worth of BONK daily from circulation.
Binance's approach offers early exposure ahead of potential Alpha or DEX listings, but introduces unique constraints: purchased tokens remain locked until sale conclusion, and participants face immediate price volatility. The platform allows early exits via bonding curve sellbacks—a calculated risk-reward proposition for memecoin speculators.
