Binance Sees Record Ethereum Trading Volume Amid Surging Speculative Activity

Ethereum's native token, ETH, has achieved unprecedented trading volumes on Binance, highlighting a significant shift toward speculative trading. The cryptocurrency rebounded to $3,615.63 after a brief dip below $3,000, with open interest swiftly recovering to over $18 billion—a 5.5% surge within 24 hours that outpaced Bitcoin's rebound. This surge underscores the growing dominance of derivative markets in driving ETH's price action, marking a departure from the spot-driven rallies of previous cycles. The heightened activity on Binance reflects renewed investor confidence and a bullish outlook for Ethereum, as traders capitalize on market volatility and leverage opportunities in the derivatives space. As of November 10, 2025, ETH's performance continues to attract attention, solidifying its position as a leading asset in the crypto market.

Ether Trading Volume Hits Record High on Binance as Speculative Activity Surges

Ethereum's native token ETH has reached unprecedented trading volumes on Binance, signaling a shift toward speculative trading. The asset rebounded to $3,615.63 after briefly dipping below $3,000, with open interest recovering swiftly to over $18 billion—a 5.5% surge in 24 hours that outpaced Bitcoin's rebound.

Derivative markets now dominate ETH's price action, eclipsing the spot-driven rallies of previous cycles. Binance leads with $7.1 billion in open interest, though still below its August 2025 peak. ETH's volatility continues to exceed Bitcoin's, serving as a bellwether for altcoin market recoveries.

Binance's CZ Warns Against Sale of 'CZ-Followed' X Accounts

Changpeng Zhao, founder of Binance and a prominent figure in the cryptocurrency space, has publicly condemned the sale of X (formerly Twitter) accounts that he follows. These accounts are being marketed as "CZ-followed" and sold for as much as 3,000 USDT, leveraging Zhao's social media influence as a FORM of "digital status currency."

Zhao took to X to warn users against purchasing such accounts, stating he WOULD unfollow any that are sold. "I follow accounts randomly, usually supportive, informative, positive energy people in the community," he wrote. The move comes after an influencer noted Zhao had begun unfollowing accounts allegedly involved in misconduct under the guise of his endorsement.

The practice highlights the growing commodification of social credibility in crypto circles, where perceived affiliations can carry significant weight. Zhao's intervention underscores the industry's ongoing struggle with reputation management and trust mechanisms in decentralized environments.