We have hit 200M users #binance 🎉 This milestone wouldn't have been possible without YOU - our incredible community. From the bottom of our hearts, thank you. The journey to 1 billion users continue

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📣 Is XRP Security? SEC Veteran and XRP Advocate Sort Out In a recent legal development, Ripple scored a significant victory with the dismissal of most claims in a class action lawsuit regarding XRP. Judge's decision in the Court for the Northern District of California narrowed the case to a minor state law claim related to allegedly misleading statements. The focal point of the ongoing debate is whether XRP should be classified as a security. While Californian ruling is a win for Ripple, it is suggested that XRP could potentially be considered a security under certain circumstances. This stance contrasts with Judge Torres' earlier ruling in New York that XRP does not qualify as a security when sold to institutional investors. 💬 But didn't California just adopt Howey as its own analysis in determining whether a transaction is a security under its state law definition in Corp. Code section 25019? — Fred Rispoli Legal experts Fred Rispoli and Marc Fagel have weighed in on the implications of these developments. Rispoli, a staunch supporter of XRP, highlighted the potential impact of California law on the definition of securities in light of the court's interpretation. Meanwhile, Fagel, drawing on his SEC experience, noted the nuanced federal and state considerations in determining whether XRP transactions fall under securities regulation. "The court's decision leaves open the possibility that XRP could be classified as a security under California law, if not federal law," Rispoli noted in response to the ruling. Fagel disagreed, emphasizing that while California's adoption of federal standards such as the Howey test influences local interpretations, the broader implications for federal courts seeking guidance remain limited. $XRP #XRP

🤖 Blockchain: an alliance against the possible negative effects of AI apps 🔸 How blockchain can mitigate the negative impacts of AI apps As anticipated, blockchain and cryptocurrencies emerge as key tools to mitigate the risks associated with AI, providing innovative solutions to authenticate content and verify identities. The advent of intelligenza artificiale (IA) generative has posed new challenges to policymakers on how to regulate these powerful technologies. However, with the adoption of cutting-edge technologies, it is possible to guide AI towards beneficial uses and create a safe and transparent digital ecosystem. One of the crucial questions is how to ensure the authenticity of the content in a context where any media can be generated synthetically. Deepfakes, in particular, represent a significant threat, as they can be used to impersonate public figures or to dismiss authentic media as false. A recent example is the use of a deepfake of the President Biden to discourage voters in the New Hampshire primaries. The solution to these problems might lie in blockchain technologies, which offer immutable ledgers to verify the authenticity of images and videos. Organizations like the Coalition for Content Provenance and Authenticity (C2PA) are developing technical standards to address this challenge, but the results are still imperfect. The implementation of blockchain in recording devices, such as cameras and smartphones, could ensure that every image or video is validated as authentic pixel by pixel. The Numbers Protocolis an example of how work is being done in this direction. 🔸 Identity verification and secure transactions In addition to the challenge of content authenticity, AI raises issues regarding online identity verification. Large language models (LLM), such ChatGPT, can mimic a person’s writing style, making identity verification even more complex. It follows that the need to prevent cybercrimes such as identity theft and to ensure age verification on social platforms is more urgent than ever. #AI #Blockchain

📊 Three in every four Bitcoin traders are bullish on BTC Bitcoin (BTC) traders on the cryptocurrency exchange Binance have shown a bullish bias, with 75% of the 24-hour open positions being long. This hints at a positive sentiment from retail traders, but the volume remains neutral with a balanced long/short ratio. This ratio refers to the last 24 hours for BTC/USDT perpetual contracts on Binance. Notably, this is, by a large margin, the most traded pair in the cryptocurrency market. Binance has over 50% of Bitcoin’s global volume, while the USDT makes over $1 trillion daily. 🔸 Follow the money: Overall volume remains neutral On the other hand, the overall trading volume for Bitcoin derivatives in all markets remains neutral and slightly bullish. 51.54% of the trading volume deployed to open positions in the last 24 hours is long BTC. The divergence between the number of accounts and the USD volume suggests that longs are mostly held by retail traders. Usually, this class of investors acts through emotion, making decisions motivated by FOMO or FUD and becoming a target of whales that can move the market up and down, liquidating retail traders for profit. 🔸 Bitcoin’s bearish and bullish contexts Bitcoin faces a challenging time amid sell-offs by the governments of Germany and the United States. Moreover, Mt. Gox has announced the repayment of over $8 billion in BTC, which has been awaited for over a decade. In this context, Bitcoin miners started capitulating with record-low reserves and produced hashrate. Meanwhile, old-time supporters like Peter Thiel have lost conviction in the cryptocurrency’s fundamental value proposition. Nevertheless, the BTC price remains within a four-month range, testing support at $60,000, currently trading at $61,500. Crypto traders and investors still foresee a bright future for Bitcoin, with projections ranging from $80,000 to $500,000 despite the fundamental challenges. $BTC #BTC #Bitcoin

⚠️ Notcoin up 15% after Airdrop closes, market expects potential breakout to $0.045 Notcoin is up 15% in the last 24 hours, kicking off a broader market recovery in the cryptocurrency sector. This calls into question the sustainability of the popular Play-to-Earn (P2E) cryptocurrency's momentum. A significant jump in trading volume and a detailed update of tokenomics further fueled market interest. $NOT #NOT #Notcoin

⚠️ Cryptocurrency Market Faces Uncertainty as Week Ends As the week draws to a close, uncertainty continues in the cryptocurrency market. Over the past two weeks, the market has suffered significantly, with Bitcoin’s price dropping from $70,000 to $58,500, causing a major shock. Although BTC’s price recovered to over $61,000, the rest of the market wasn’t as fortunate. So, what is the current situation for high-volume altcoins like Shiba Inu, Floki, and XRP? 🔸 Shiba Coin TL Overview DOGE had gained value over the years following its emergence. After DOGE initiated the meme coin craze, another meme coin that marked 2021 was SHIB, the second-largest meme coin by volume. However, things don’t look good for SHIB today. After a 1.22% drop in the last 24 hours, SHIB’s price is at $0.00001689. SHIB shows a 6.75% decline over the past 7 days, and a 40% drop over the past 30 days. Despite continuous burns, investors are curious when SHIB’s price will return to ATH levels, as market and trading volumes don’t look promising. 🔸 FLOKI Coin TL Value Meanwhile, attention was on another high-volume altcoin, FLOKI. Support from major investment firms and recent burns triggered a significant rise in FLOKI’s price in the past period. FLOKI has seen a 574% increase over the past year, indicating much higher levels before the recent declines. The price of FLOKI in the TRY pair is 0.005562 TRY. As of the time of writing, FLOKI’s price is at $0.0001635 after a 0.79% drop in the last 24 hours. FLOKI’s market cap is $1.5 billion, while the 24-hour trading volume is $121 million after a 24% drop. 🔸 XRP Coin Price Overview Unlike other projects, XRP, which is at the center of the Ripple and SEC case, saw a nearly 0.5% increase in the last 24 hours. After the rise, the price reached $0.4728. The most interesting aspect of XRP is that despite all the market activity, it has only seen a 1% increase over the past year. #SHIBA #FLOKI #XRP

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