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💥💥💥 Binance Distributes 1 Million ZKL (#zkLink Nova) Airdrop! Exciting Announcement: 1 Million ZKL Token Airdrop Launches! Get ready for an incredible opportunity in the crypto world as the 1 Million ZKL Token Airdrop kicks off! Binance #Web3Wallet users have the chance to earn a share of the rewards by completing specific tasks. Here's everything you need to know to participate: Campaign Details: - Start Date: April 25, 2024, 06:00 (UTC) - End Date: May 22, 2024, 23:59 (UTC) - Reward Pool: 1,000,000 $ZKL tokens Participation Steps: 1. Create a Binance Web3 Wallet: - Open the Binance app, navigate to [Wallet], then [Web3] tabs. - Click on the zkLink banner and create your Binance Web3 wallet. Transfer funds (approximately $20-25 worth of $BTC, $ETH, $USDC, or $USDT is required). 2. Complete Tasks: - Task 1: Invest in Nova Invest ETH, USDT, USDC, wBTC, or wETH in zkLink Nova to earn $150k worth of ZKL tokens. - Task 2: Deposit $ETH on LayerBank Deposit ETH on LayerBank to earn $350k worth of ZKL tokens. - Task 3: Swap Tokens on iZiSwap Swap tokens worth at least 5 USDT on iZiSwap to earn $300k worth of ZKL tokens. - Task 4: Provide Tokens on Aqua Protocol Provide tokens to Aqua Protocol to earn $100k worth of ZKL tokens. - Task 5: Stake Liquidity on zkDX Stake ETH or USDC in the zkDX liquidity pool to earn $100k worth of ZKL tokens. Reward Distribution: - As you complete tasks, you'll earn more ZKL tokens. Each task represents a specific portion of the reward pool, and the more tasks you complete, the larger your share of the reward pool. Assistance and Support: - If you need assistance, join the zkLink Discord channel and create a support request. Follow their social media accounts on Twitter for the latest updates. Source - coinengineer.io #BinanceSquareUpdates #BinanceSquareTrends

💥💥💥 Binance Distributes 1 Million ZKL (#zkLink Nova) Airdrop!

Exciting Announcement: 1 Million ZKL Token Airdrop Launches!

Get ready for an incredible opportunity in the crypto world as the 1 Million ZKL Token Airdrop kicks off! Binance #Web3Wallet users have the chance to earn a share of the rewards by completing specific tasks. Here's everything you need to know to participate:

Campaign Details:

- Start Date: April 25, 2024, 06:00 (UTC)

- End Date: May 22, 2024, 23:59 (UTC)

- Reward Pool: 1,000,000 $ZKL tokens

Participation Steps:

1. Create a Binance Web3 Wallet:

- Open the Binance app, navigate to [Wallet], then [Web3] tabs.

- Click on the zkLink banner and create your Binance Web3 wallet. Transfer funds (approximately $20-25 worth of $BTC, $ETH, $USDC, or $USDT is required).

2. Complete Tasks:

- Task 1: Invest in Nova
Invest ETH, USDT, USDC, wBTC, or wETH in zkLink Nova to earn $150k worth of ZKL tokens.

- Task 2: Deposit $ETH on LayerBank
Deposit ETH on LayerBank to earn $350k worth of ZKL tokens.

- Task 3: Swap Tokens on iZiSwap
Swap tokens worth at least 5 USDT on iZiSwap to earn $300k worth of ZKL tokens.

- Task 4: Provide Tokens on Aqua Protocol
Provide tokens to Aqua Protocol to earn $100k worth of ZKL tokens.

- Task 5: Stake Liquidity on zkDX
Stake ETH or USDC in the zkDX liquidity pool to earn $100k worth of ZKL tokens.

Reward Distribution:


- As you complete tasks, you'll earn more ZKL tokens. Each task represents a specific portion of the reward pool, and the more tasks you complete, the larger your share of the reward pool.

Assistance and Support:


- If you need assistance, join the zkLink Discord channel and create a support request. Follow their social media accounts on Twitter for the latest updates.


Source - coinengineer.io

#BinanceSquareUpdates #BinanceSquareTrends

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#bitcoin #NFTs Break Records with $4 Billion in Sales Despite Market Downturn Bitcoin NFTs Defy Market Downturn, Reach New Sales High - Despite a significant downturn in the overall NFT market in May, Bitcoin-based NFTs achieved a new high in total sales volume. According to CryptoSlam data, Bitcoin NFTs surpassed $4 billion in all-time sales as of June 4, including $3.97 billion in legitimate sales and $82 million in wash trades. In May, Bitcoin NFTs led the market with $171 million in sales, outpacing #Ethereum ($159 million) and Solana ($90 million). Market Position and Comparison - Bitcoin NFTs, despite recent success, remain behind Ethereum, which leads with $43.8 billion in all-time NFT sales. Bitcoin ranks fourth, trailing Ronin ($4.2 billion) and Solana ($5.5 billion). Impact of the Broader NFT Market Slump - The overall NFT market saw a 54% decline in May, with sales dropping from $1 billion in April to $624 million. Bitcoin NFTs also experienced a 68% drop in sales during this period. High-Profile Losses - The market downturn significantly affected high-profile investors like Justin Bieber, whose NFT portfolio value dropped by over 90%. Bieber, who invested more than $2 million in NFTs in 2022, saw his investments in Bored Apes Yacht Club (BAYC), Mutant Apes Yacht Club (MAYC), and other collections plummet drastically in value. Conclusion While the NFT market has faced turbulence, Bitcoin-based NFTs have shown resilience, achieving new sales highs and outperforming other platforms in recent sales volumes. However, the broader market decline underscores the volatility and risk associated with NFT investments. Source - cryptoglobe.com #CryptoTrends2024 #BinanceSquareBTC
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🔥🔥🔥 #bitcoin #Layer2 #Ark Protocol's Team Forms New Firm as Lightning Network Competitor Ark Labs: Revolutionizing Bitcoin Payments with Scalable, Low-Cost Solutions - Ark Labs aims to enhance Bitcoin payments by addressing the limitations of the Lightning Network. Founded by Burak Keceli, the team behind the Bitcoin layer-2 protocol Ark is developing a faster, cheaper payment system on the Bitcoin blockchain. Despite Keceli's departure, Ark Labs continues to advance his vision, focusing on overcoming the "inbound liquidity" problem of the Lightning Network. Building on Lightning's Foundation - Ark Labs seeks to offer an alternative to the Lightning Network by developing an open implementation of the Ark Protocol and introducing user-centric services. The firm's primary goal is to create a more efficient payment system by leveraging service providers who offer 24-hour liquidity services for a fee, thus eliminating the need for users to commit funds upfront. Addressing the Inbound Liquidity Problem - Keceli highlighted the inbound liquidity issue in the Lightning Network, where users need funds to receive payments, as a significant drawback. Ark aims to solve this by facilitating off-chain payments without requiring users to lock up funds. How Ark Works - Ark employs an innovative unspent transaction output (UTXO) model, using virtual unspent transaction outputs (VTXOs) for unidirectional, one-time-only payments. This approach simplifies the payment process, making it more efficient and practical. Conclusion Ark Labs is set to revolutionize Bitcoin payments by addressing key issues in the Lightning Network, offering a scalable, low-cost alternative focused on open implementation and user-friendly services. Source - coindesk.com #CryptoNews🔒📰🚫 #BinanceSquareBTC
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💥💥💥 5 Real World Assets (RWA) #Altcoins👀🚀 to Trade in June 2024 1. #Avalanche (AVAX) Avalanche (AVAX) has consolidated between $40 & $32 recently, with multiple attempts to break these levels proving unsuccessful. Currently trading at $34 near the $32 support, AVAX faces potential downward pressure if the broader market remains bearish, possibly dropping to $31. However, a breakout from this range could push AVAX towards $45, reaching a multi-month high. 2. #Chainlink (LINK) Chainlink (LINK) is following broader market trends, possibly indicating a slight correction. Despite a profitable May with a 44% increase in price, LINK faced resistance at $18.78, failing to break through as in April. This led to a drop to $17.7, with potential further decline to $16.55. Conversely, a breakout above $18.78 could trigger a recovery, pushing LINK towards $20 & beyond. 3. #InternetComputer (ICP) Internet Computer (ICP) has seen little movement in the past month & a half, mostly trading sideways. Priced at $12.12, it failed to surpass the $15.34 resistance. The Relative Strength Index (RSI) sits below 50, indicating potential for a recovery if it holds as support. If successful, ICP could rally above $12.91 & $15.34, aiming for $17.92. 4. Synthetix Network ($SNX ) Synthetix (SNX), with a market cap of $876 million, isn't in the top 50 or 100 cryptocurrencies but is a notable RWA token. Initially boosted by AI hype, SNX has seen its bullish momentum wane, leading to a price decline. Currently consolidating below $3.15 but above $2.33, a break above or below these levels could signal the end of consolidation, potentially leading to a rally or breakdown. 5. #Maker (MKR) Maker (MKR) is currently at a three-month low of $2,384, declining since early April from a peak of $4,000. Hovering near the $2,556 support level, MKR faces potential further decline to $2,271 if this level breaks. However, positive market signals could drive a recovery, propelling MKR above the $2,693 resistance towards $3,159, which would negate the bearish trend. Source - beincrypto.com
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💥💥💥 #BNB⁩ Price Holds Above $630 With Bullish Conviction; Should You Buy? BNB has been gaining for the past two consecutive sessions, rising convincingly by over 5%. If buyers can maintain this momentum, it could pave the way for a new all-time high in the short term. This surge follows the news of Binance’s ex-CEO #ChangpengZhao (CZ) receiving a four-month jail term. A US federal judge sentenced CZ for failing to implement robust anti-money laundering policies. As of now, BNB is trading at $629, up 0.58% for the day. Coinmarketcap reports a 24-hour trading volume of $2,422,606, coinciding with the price increase. Additionally, Open Interest (OI) has spiked by 24% in the past 24 hours, indicating growing investor interest in the coin. On the 1-hour timeframe, BNB is trading near a bullish trend line that extends from the low of $594.94 on June 2. After reaching a high of $637.56, the price retreated slightly, giving sidelined buyers an opportunity to enter long positions. To sustain the upside momentum, bulls need to hold the session's low. For further gains, the first resistance level is at the previous day’s high of $637.56, followed by $645. Conversely, if bearish momentum takes over, support could be found at the $627 level. Technical Indicators: Moving Average: Bullish Bias - BNB is holding above the 21-hour SMA, currently at $627.17. The formation of multiple green candles at this support level indicates a demand zone. RSI (14): Bullish Bias - The Relative Strength Index (RSI) is at 53, suggesting a bullish bias in the short term. In summary, BNB appears bullish on the short-term timeframe with upside targets in view. However, confirmation is needed before making aggressive trades. Source - thecryptobasic.com #CryptoTrends2024 #BinanceSquareUpdates #BinanceSquareTalks
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🔥🔥🔥 #shibaInu ($SHIB ) Enters 'Red Zone' After Price Drops Below Crucial Support Shiba Inu (SHIB) was steadily gaining traction in the market, seemingly poised for an upcoming bounce. However, a rapid change has altered the landscape. The price has fallen below the 50-day Exponential Moving Average (EMA) and shows no signs of recovering. Currently, SHIB's position is precarious due to this sudden decline. Breaking below the 50 EMA, a crucial support level, indicates that sellers are gaining control. The 200 EMA now serves as the next major support, though it is holding on only tentatively. If bearish pressure continues, SHIB might test the 200 EMA and potentially drop further. Selling volume surged as SHIB broke below the 50 EMA, suggesting traders are cutting their losses due to waning confidence. This trend could worsen. The Relative Strength Index (RSI) is hovering just above the oversold area, indicating that SHIB is currently oversold. However, this does not guarantee a rebound. Moving averages, crucial in technical analysis, are not in SHIB's favor. The 20 EMA crossing below the 50 EMA forms a bearish crossover, often signaling further declines. Monitor this pattern closely, as it typically precedes additional downturns. SHIB trading below all major moving averages is a broadly bearish signal. Given the current price movement, SHIB needs a significant uptick to avoid further losses. Ideally, it should quickly regain the 50 EMA to restore market confidence. While the 200 EMA is a potential support level to watch, traders should also prepare for more declines if this level is breached. Source - u.today #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency #CryptoMarket
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