Binance Labs has announced its investment in Kernel, a restaking infrastructure designed to enhance security and utility on the BNB Chain. 

Kernel aims to use restaking to transform BNB’s security into programmable trust, supporting a range of crypto services, applications, and middleware.

Kernel Will First Launch On the BNB Chain

The initial rollout will focus on integrating BNB Liquid Staking Tokens (LSTs) and restaked BNB as economic security to drive innovation in DeFi on the BNB Chain. 

Also, Kernel plans to expand by incorporating Bitcoin and its derivatives into its restaking framework. Over 20 decentralized applications (dApps), will utilize Kernel’s economic security. This will include AI co-processor Mira and ZK proof aggregation protocol Electron

Meanwhile, collaborations with projects like ListaDAO, Solv, and YieldNest will further enhance the utility of restaked assets. Kernel’s long-term vision includes scaling its infrastructure to additional layer-1 blockchains.

Kernel’s approach integrates native and liquid staking tokens from BNB, BTC, and other yield-bearing assets. This will likely optimize the asset’s utility and improve capital efficiency.

“Kernel exemplifies the type of innovative project that aligns with Binance Labs’ mission to bring more users onto Web3 by supporting meaningful technology and advancing the ecosystem,” Alex Odagiu, Investment Director at Binance Labs said in a press release.

This investment follows Binance Labs’ recent backing of Lombard, a Bitcoin-focused liquid staking platform. Lombard’s LBTC token currently captures 40% of the Bitcoin liquid staking token market and aims to expand its secure multi-chain staking protocol.

Additionally, Binance Labs has ventured into the decentralized science (DeSci) sector.  The firm recently invested in BIO Protocol, marking its first entry into this field. 

Overall, Binance Labs’ has seemingly adopted a broader strategy to diversify its $10 billion portfolio into innovative and impactful sectors.

Between November 20 and 23, Dogecoin (DOGE) whales reduced their holdings — the same week the cryptocurrency reached a yearly high. This decrease in exposure caused DOGE’s price to dip to $0.36.

However, that is no longer the situation today, as these key stakeholders have resumed buying. Here is how this could affect Dogecoin’s value going forward.

Big Wigs Won’t Let Dogecoin Go Without Buying

According to Santiment, the balance of addresses holding between 1 million and 10 million DOGE dropped to 10.39 billion on November 23 but has since risen to 10.59 billion.

This indicates that Dogecoin whales took advantage of the weekend dip, accumulating approximately 200 million coins. At DOGE’s current price of $0.42, this equates to $84 million worth of purchases. Such whale accumulation often indicates a reduction in selling pressure.

Consequently, this surge in buying activity suggests that Dogecoin’s price could be gearing up for a climb beyond its current $0.42 level. Should that be the case, then the prediction that the meme coin could hit $1 might come to pass.

Additionally, the Average Directional Index (ADX) has been climbing steadily. The ADX is a technical analysis tool that helps traders evaluate the strength of a trend, whether bullish or bearish.

When the ADX exceeds 25, it signals strong directional momentum. Conversely, a reading below 25 suggests weak movement. On Dogecoin’s daily chart, the ADX has surged to 68.00, indicating a significant uptrend. With the coin trending higher, this suggests that DOGE’s price could continue to rise.

DOGE Price Prediction: $1 Still Feasible

A further look at the daily chart shows that Dogecoin’s price experienced resistance at $0.43. This decline was one reason the cryptocurrency failed to rally to $0.50. It is also important to mention that trading volume dropped, making it challenging for the uptrend to continue.

Meanwhile, it appears that bulls are defending the $0.36 region. If sustained, then DOGE’s value could climb towards $0.48. In a highly bullish scenario, the meme coin could rally toward the $1 mark.

However, if DOGE whales decide to sell, this might not happen. Instead, the coin might decline to $0.32.

Ethereum (ETH) price has climbed 46.11%, marking impressive growth but still making it the second-worst performer among the top 10 largest cryptocurrencies. Its recent rally is supported by increasing whale accumulation and a 7-day MVRV signaling neutral to slightly bullish sentiment.

However, key resistance at $3,600 could determine whether ETH continues its upward trajectory toward $4,000 for the first time since December 2021. On the downside, a reversal could lead to a significant correction, with strong support at $3,000 and a potential drop to $2,359 if bearish pressure intensifies.

ETH 7D MVRV Shows An Important Threshold To Be Surpassed

Ethereum MVRV 7D is currently at 3.8%, signaling a neutral to slightly bullish position in terms of short-term profit-taking behavior. The MVRV 7D metric compares the market value to the realized value for coins moved in the past seven days, providing insights into the profitability of recent traders.

When MVRV 7D is low, it indicates that traders are holding at a loss or minimal profit, reducing selling pressure, whereas higher values suggest increasing profit-taking risks.

Historically, ETH price has struggled to maintain upward momentum when its MVRV 7D enters the 5–7% range, often triggering corrections. However, its recent rise to 13% before a 10% correction shows that breaking this zone could fuel sustained bullish momentum.

If MVRV 7D exceeds the 7% threshold again, ETH price may experience significant gains, potentially surpassing 10%, as bullish sentiment builds and traders resist taking profits in anticipation of further upside.

Ethereum Whales Are Back

The number of Ethereum whales holding at least 1,000 ETH is nearing its monthly high of 5,561, currently sitting at 5,557. Tracking whale activity is essential because these large holders significantly influence market trends through their buying and selling behavior.

Increases in whale numbers often signal growing confidence in the asset, supporting price stability or upward momentum, while declines can indicate reduced interest and potential selling pressure.

After rising from 5,527 to 5,561 over six days, the number of whales dropped to 5,535 on November 20, suggesting a brief period of profit-taking or reduced accumulation. However, the recent recovery to 5,557 within a week reflects renewed interest and accumulation among large holders.

This rebound suggests growing optimism in the market, which could support Ethereum price stability and pave the way for further upward movement if the trend continues.

ETH Price Prediction: Can It Get Back To $4,000?

If Ethereum maintains its current uptrend, it could soon test resistance at $3,600, a critical level for sustaining bullish momentum.

Breaking above this resistance would place Ethereum price just 11% away from reclaiming the $4,000 mark, a price it hasn’t reached since December 2021. Such a move would likely fuel further optimism and attract more buying interest, reinforcing the upward trend.

However, if the uptrend slows and reverses, ETH price will have strong support at $3,000, a key level to prevent significant declines.

If this support fails, the price could drop as low as $2,359, marking a potential 31% correction from current levels.