Altcoin News Official TheBitTimes.com

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Users of the world’s largest crypto exchange by volume have voted to add three new altcoins to the trading platform. In a new announcement, Binance says traders that use its services have voted to add decentralized investment banking protocol Ondo (ONDO), blockchain-based multiplayer role-playing game Big Time (BIGTIME), and artificial intelligence (AI)-based gaming protocol Virtuals Protocol (VIRTUALS) to its suite of crypto products. Binance says the trio of assets will be added with a seed tag, which warns investors that they may display higher levels of volatility compared to other digital assets. “ONDO, BIGTIME, and VIRTUAL are relatively new tokens that pose a higher than normal risk, and will likely be subject to high price volatility. Users must exercise sufficient risk management and DYOR (do your own research) to fully understand the projects before opting to trade the tokens. Seed tags represent innovative projects that may exhibit higher ...

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The cryptocurrency market suffered one of its worst liquidation events in history, wiping out over $2.24 billion in the last 24 hours amid escalating global trade tensions. Ethereum (ETH) took the hardest hit, leading the liquidation spree with $617.35 million, followed by Bitcoin (BTC) at $418.20 million. Other altcoins also faced sharp declines, with a combined $441.18 million in liquidations, amplifying the market’s downward spiral. Cryptocurrency liquidation heatmap. Source: CoinGlass Mass liquidations trigger market-wide panic According to data from CoinGlass , 746,711 traders were liquidated, marking one of the most severe wipeouts in crypto history. The largest single liquidation order was recorded on Binance’s ETH/BTC trading pair, valued at $25.64 million. Picks for you Is Bitcoin headed below $90,000 amid Trump’s tariffs?...

The team said it has already lined up clients, including CoinList, Bitso and TrueUSD. A team of former Jane Street and PIMCO traders have raised $15 million to produce a proof-of-solvency protocol for centralized exchanges, stablecoin issuers and other asset managers in the crypto space, according to a press release from the team shown to Cointelegraph. Called “Proven,” the new protocol allegedly uses zero-knowledge proofs to reveal an institution’s assets and liabilities without revealing the personal data of customers. According to the press release, the Proven team consists of quantitative traders, portfolio managers, and researchers from Wall Street firms Two Sigma, Elm Partners, Pimco, Jane Street and others. The initial $15 million seed round was led by crypto-oriented venture capital fund Framework Ventures. Jane Street was also the former employer of Sam Bankman-Fried, who is accused of fraud after the collapse of his crypto exchange, FTX. Proof-of-solvency protocols attempt t...