Binance Moves Millions Of Ethereum (ETH) For Staking As BETH Depegs
According to Nansen, Binance recorded a negative netflow of $778.6 million Ethereum (ETH) over the past 24 hours, with $871.7 million inflow and $1.65 billion outflow. Over the past hour, netflow on Ethereum continues to be negative at $35.7 million, with $14.8 million inflow and $50.5 million outflow. advertisement Also Read: Crypto Industry Shows Unwavering Support For Binance Against US SEC, Poll Reveals Binance Moves Over 41K Ethereum (ETH) For Staking According to Kaiko, crypto exchange Binance’s version of staked ETH (BETH) to Ethereum (ETH) ratio fell to its lower since April. However, the trading volume jumped over 450% in the past 24 hours. It indicates massive redemption of BETH to ETH by investors after the US SEC filed a lawsuit against Binance and CEO “CZ.” Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List ...