[ad_1] <br><div id=""><p>The native token of non-custodial pockets supplier <a target="_blank" href="https://cryptoslate.com/coins/safepal/" rel="noopener">SafePal</a> (SFP) spiked 125.96% over the previous week, in accordance with CryptoSlate <a target="_blank" href="https://cryptoslate.com/coins/safepal/" rel="noopener">data</a>. On the time of writing, the token was buying and selling at $0.743 — up 16.97% over the previous 24 hours.</p><p>The token’s market cap greater than doubled from round $35.6 million to $81 million over the previous week, in accordance with Coingecko <a target="_blank" href="https://www.coingecko.com/en/coins/safepal" rel="noopener">data</a>.</p><p>Based in 2018 and backed by Binance, SafePal gives non-custodial software program and {hardware} wallets, together with different associated companies. The platform’s utility token SFP allows customers to say bonuses on SafePal’s earn and lend program, reductions on SafePal merchandise, and vote on governance proposals.</p><h2>The “not your keys, not your cash” fever is driving development</h2><p>The collapse of the crypto alternate FTX has pushed residence the significance of self-custody amongst traders. This has led to a <a target="_blank" href="https://cryptoslate.com/retail-traders-massively-withdraw-their-btc-from-exchanges/" rel="noopener">record crypto exodus from centralized exchanges</a> on the fee of 106 <a target="_blank" href="https://cryptoslate.com/coins/bitcoin/" rel="noopener">Bitcoin</a> (BTC) monthly, Glassnode <a target="_blank" href="https://insights.glassnode.com/the-week-onchain-week-46-2022/?&amp;utm_source=gn_insights&amp;utm_medium=insights_woc&amp;utm_campaign=woc_46_2022" rel="noopener">data</a> signifies. Round 50,000 BTC, price round $838 million at present costs, left centralized exchanges over the previous week, Coinglass <a target="_blank" href="https://www.coinglass.com/Balance" rel="noopener">data</a> reveals.</p><p>SafePal is among the beneficiaries of this crypto exodus as traders are more and more seeking to acquire management of their belongings. Nevertheless, it isn't the one non-custodial pockets token to see an uptick in worth.</p><p>Binance-owned Belief Pockets’s utility token <a target="_blank" href="https://cryptoslate.com/coins/trust-wallet-token/" rel="noopener">TWT</a> has additionally seen vital development over the previous week. The token’s worth registered a development fee of 92.39% over the previous week to commerce at round $2.25 on the time of writing, in accordance with CryptoSlate knowledge. The token’s market cap elevated by round $450 million through the interval to $941.21 million at press time.</p><p>It's to be famous that Belief Pockets’s worth development was accelerated when Binance CEO Changepeng Zhao endorsed it on Twitter on Nov. 13.</p><blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">.<a target="_blank" href="https://twitter.com/TrustWallet?ref_src=twsrc%5Etfw" rel="noopener">@TrustWallet</a> your keys, your cash. <a target="_blank" href="https://t.co/pJUc26kQ7n" rel="noopener">https://t.co/pJUc26kQ7n</a></p><p>— CZ 🔶 Binance (@cz_binance) <a target="_blank" href="https://twitter.com/cz_binance/status/1591804109224550401?ref_src=twsrc%5Etfw" rel="noopener">November 13, 2022</a></p></blockquote><p>Whereas each the non-custodial wallets are linked with Binance, the alternate itself is defying the development of crypto leaving exchanges. Over the previous 24 hours, over 94,400 BTC, price roughly $1.5 billion at present costs, flowed into Binance, in accordance with Coinglass knowledge.</p><p>It's to be famous, nevertheless, that Binance was not the one centralized alternate to see optimistic inflows of BTC over the previous day, Nevertheless, Binance noticed the most important influx whereas Coinbase, Kraken, Bithumb, and some others noticed inflows of lower than 1,500 BTC every.</p><div class="edge-cta hidden"><h2>Get an <span>Edge</span> on the Crypto Market 👇</h2><p>Grow to be a member of CryptoSlate Edge and entry our unique Discord group, extra unique content material and evaluation.</p><div class="cols"><p> <span class="img chart"/> <strong>On-chain evaluation</strong></p><p> <span class="img price"/> <strong>Value snapshots</strong></p><p> <span class="img context"/> <strong>Extra context</strong></p></div> <a target="_blank" href="https://cryptoslate.memberful.com/checkout?plan=43765" class="btn join" rel="noopener">Join now for $19/month</a> <a target="_blank" href="https://cryptoslate.com/edge/" class="btn" rel="noopener">Explore all benefits</a></div></div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiaWh0dHBzOi8vY3J5cHRvc2xhdGUuY29tL2JpbmFuY2UtbGlua2VkLW5vbi1jdXN0b2RpYWwtd2FsbGV0LXRva2Vucy1zZWUtbWFzc2l2ZS1ncm93dGgtb3Zlci10aGUtcGFzdC13ZWVrL9IBAA?oc=5">Source link </a>