#BTC☀
There will be over $10,000,000,000 short liquidations once #Bitcoin hits $74k.
Get ready!🛫🚀

Introducing IO.NET (IO) on Binance Launchpool! Farm IO by Staking BNB and FDUSD
2024-06-06 09:36

BTC/FDUSD
70,446.72
-1.22%
IMPORTANT: Binance will be the first platform to list the token mentioned herein, with trade starting at 2024-06-11 12:00 (UTC). Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds!
Fellow Binancians,
Binance is excited to announce the 55th project on Binance Launchpool - IO.NET (IO), a decentralized AI computing & cloud platform. The webpage is estimated to be available in 5 hours, before the Launchpool starts. 
Users will be able to stake their BNB and FDUSD into separate pools to farm IO tokens over four days, with farming starting from 2024-06-07 00:00 (UTC).
Listing
Binance will then list IO at 2024-06-11 12:00 (UTC) and open trading with IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY trading pairs. The seed tag will be applied to IO.
IO Launchpool Details
Token Name: IO.NET (IO)Total Token Supply at Genesis: 500,000,000 IO 
Max Token Supply: 800,000,000 IO 
Launchpool Token Rewards: 20,000,000 IO (4% of total token supply at Genesis)Initial Circulating Supply: 95,000,000 IO (19% of total token supply at Genesis)
Smart Contract Details: Solana
Staking Terms: KYC required 
Hourly Hard Cap per User: 17,708.33 IO in BNB pool3,125 IO in FDUSD pool
Supported Pools
Stake BNB (webpage will be available in around 5 hours): 17,000,000 IO in rewards (85%) Stake FDUSD (webpage will be available in around 5 hours): 3,000,000 IO in rewards (15%)Farming Period: 2024-06-07 00:00 (UTC) to 2024-06-10 23:59 (UTC).
IO Farming Accumulation
Dates (00:00:00 - 23:59:59 UTC Each Day)
Total Daily Rewards (IO)
BNB Pool Daily Rewards  (IO)
FDUSD Pool Daily Rewards IO)
2024-06-07 - 2024-06-10
5,000,000
4,250,000
750,000
Read about IO.NET (IO) in our research report here, which will be available within 1 hour of publishing this announcement.
Project Links
IO.NET WebsiteWhitepaperXTelegramMedium
Please note:
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour. Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.Binance BNB Vault and Locked Products will support the Launchpool. Users who have staked their BNB in BNB Vault and Locked Products will automatically participate in the Launchpool and receive new token rewards.If there are more than one Launchpool projects running concurrently, users' BNB assets in BNB Vault and Locked Products will be split and allocated into each project equally, unless otherwise specified.BNB Vault assets collateralizing against Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility, and VIP benefits.For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. Users need to complete their account verification and also be from an eligible jurisdiction to participate in farming IO. 
Currently, users residing in the following countries or regions will not be able to participate in farming IO: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine
This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-06-06
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our and .

Table of Contents
Tether Facing the New MiCA Regulations in EuropeCapital Reserves: A Major Challenge
Scheduled to come into effect from December 30, 2024, the MiCA regulation is already making the crypto industry in Europe tremble. The new requirements raise many questions among stablecoin issuers. Paolo Ardoino, the CEO of Tether, recently shared his concerns, hinting at major challenges ahead for the sector.
Tether Facing the New MiCA Regulations in Europe
Last Monday, the crypto exchange Binance announced that it would start restricting access to “unauthorized” stablecoins in Europe from June 30. This decision is a direct response to the requirements of the MiCA regulation, which imposes strict obligations on stablecoin issuers. Paolo Ardoino expressed his concerns regarding these regulations.
The CEO of Tether stated that these obligations could not only make the activity of stablecoin issuers very complex, but they could also make these regulated cryptos extremely vulnerable and riskier. He emphasized that the regulatory constraints imposed by MiCA could create significant operational challenges, affecting the flexibility and security of stablecoin issuers. Paolo Ardoino also warned about the potential effects of these regulations on the stability and reliability of stablecoins, suggesting that adjustments are necessary to avoid increased risks in the sector.
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Capital Reserves: A Major Challenge
The capital reserves intended to back USDT pose a major problem for the CEO of Tether. According to the new requirements of the MiCA regulation, all stablecoins must be backed at a 1:1 ratio, solely with cash. Paolo Ardoino strongly criticizes this requirement, asserting that unsecured cash deposits represent an inappropriate and potentially dangerous solution for the financial stability of this crypto class.
He argues that this approach exposes stablecoins to risks similar to those encountered by Silicon Valley Bank. He proposes that these cryptos be allowed to maintain 100% of their reserves in Treasury bills, an alternative he considers more secure and stable. “Unsecured cash deposits are not a good idea. We should learn from what happened with Silicon Valley Bank. Stablecoins should be able to keep 100% of their reserves in Treasury bills, rather than exposing themselves to bank failures,” he said.
The implementation of the MiCA regulation forces stablecoin issuers to rethink their reserve strategy. The approach proposed by Ardoino highlights the need to review these regulations to ensure financial stability without compromising the security of these crypto issuers. It remains to be seen whether his proposals will be heard by European legislators.

Bitcoin ETFs Arrive in China, Specifically in Hong Kong. Reuters reports they could be introduced as early as next week.

Bitcoin ETF Made in China

Several Chinese investment funds are in the running through their Hong Kong subsidiaries. The approval of their Bitcoin ETFs could happen much sooner than expected.

As a reminder, Bitcoin has been at a standstill for over two years in China. Owning it is not illegal, but exchanges were banned in 2021. Thus, acquiring it in a few clicks is not possible.

However, Chainalysis estimates that the equivalent of 86 billion dollars was traded between July 2022 and June 2023. It was 64 billion in Hong Kong. Bitcoin continues to circulate underground, in P2P transactions.

Bitcoin miners were also banned in 2021. They now represent only 15% of the global hashrate, down from 60% before the “ban”. Yet still, many individuals continue to mine despite prohibitive electricity costs.

As we wrote in our article Bitcoin Halving – Deathblow for Chinese Miners:

“Why mine at a loss? It’s simple: to move money out of China, or to convert yuan into dollars. They convert the Chinese yuan into ASICs and electricity, which generates BTC that can then be converted into dollars.”

Indeed, Bitcoin is an escape route from the strict capital controls of the Chinese authorities.

But as often, Hong Kong serves as a safety valve. For instance, Reutersreported in January that crypto-currency exchange shops can be easily found in its shopping streets:

“At Crypto HK, a popular store located in the Admiralty district, customers can buy bitcoin with a minimum of 500 Hong Kong dollars ($64) without having to provide their ID card.”

ETFs As Early As Next Week?

According to Reuters, the daily volumes traded in the streets of Hong Kong reach several million yuan, and sometimes tens of millions.

In short, the attraction for Bitcoin is far from fading. Hence the arrival of big Chinese investment funds now that BlackRock has taken the plunge. The first approvals “are likely to be announced next week,” reports Reuters.

At least four asset managers from mainland China and Hong Kong are in the game. China Asset Management, Harvest Fund Management, and Bosera Asset Management are among the candidates. These funds each manage assets equivalent to several hundred billion dollars.

The arrival of Chinese ETFs is a good omen when we see Bitcoin’s 60% rise since the launch of their American counterparts. It remains to be seen if the volumes will be as high as those of BlackRock and Fidelity. As we highlighted previously:

“The total Hong Kong ETFs weigh in at 450 billion dollars, versus 6.4 trillion in the United States…”

But who knows, with the Shanghai stock exchange stagnating for years, perhaps the demand will surprise us.

Notice of Removal of Spot Trading Pairs - 2024-06-07 red alert ‼️‼️ 🚨 🔔
2024-06-05 10:30

BTC/FDUSD
70,845.11
+0.61%
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians, 
To protect users and maintain a high quality trading market, Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume.
Based on our most recent reviews, Binance will remove and cease trading on the following spot trading pairs:
At 2024-06-07 03:00 (UTC): ACE/BNB, DOT/TUSD, MAGIC/FDUSD, MEME/BNB, SAND/BNB, XAI/TUSD
Please note:
The delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot. Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance. 
Binance will terminate Spot Trading Bots services for the aforementioned spot trading pairs at 2024-06-07 03:00 (UTC) where applicable. Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. 

U.Today - Michael Saylor, cofounder of MicroStrategy business intelligence giant and a prominent Bitcoin evangelist, continues a series of BTC-themed tweets that he has been publishing daily. His recent tweet coincided with the world’s leading digital currency reclaiming the much-anticipated $71,000 price level.
In an earlier tweet, however, Saylor made a Bitcoin-related prediction about the future of money.

Michael Saylor's statement as Bitcoin price jumps
In a recent tweet, Saylor published an AI-generated photo of a bee inside a beehive with a Bitcoin mascot inside it. “Join the Swarm,” the tweet invites, meaning the rapidly growing global community of BTC believers and holders.
His earlier tweet, though, contains a prediction of the future form of money. Saylor tweeted that he expects the future of money to be digital, concluding the tweet with a Bitcoin hashtag.
Bitcoin surged above the $71,240 level yesterday and then again recovered it today after a small rebound, as market participants look forward to potential interest rate cuts by the U.S. Federal Reserve as early as November. The Bitcoin price increase from Tuesday to today constituted 3.71%. The decline since then has been almost 0.9%, with Bitcoin changing hands at $70,680.
Aside from that, on Tuesday, spot Bitcoin ETFs saw massive inflows as they absorbed a whopping $887 million in BTC. BlackRock’s IBIT scooped up $274 million, while Ark Invest increased its BTC holdings by $139 million. This happened to be the second largest daily inflow since the Bitcoin ETF approval by the SEC in mid-January.

Bitcoin to surpass gold 3x, Max Keiser expects
In a recent tweet, major Bitcoin supporter Max Keiser shared a take on the future Bitcoin price surge. Citing a tweet by user “Bitcoin Archive,” Keiser said that he expects Bitcoin to surpass gold in terms of market capitalization value at least 2x, but maybe even 3x.
This prediction was based on a recent statement that VanEck chief executive Jan van Eck made during his talk with crypto trader and podcaster Scott Melker. Van Eck believes that Bitcoin's market cap will be worth at least half of gold’s market capitalization.
Gold’s market cap currently comprises roughly $15.9 trillion, and Bitcoin’s market cap stands at $1.4 trillion, which is approximately 10x smaller at the moment.

BNB Coin Breaks All-Time High Reaching $716
  en.coin-turk.com/bnb-coin-brea...

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Binance Delisting Previous cycle Billion Dollar Marketcap Coins. $WAVES $OMG $XEM & WNXM Will be delisted From Binance . Waves was one of the most popular coins in last cycle now getting irrelevant. > trading pairs being removed are: OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, XEM/USDT> Deposits of these token(s) after 2024-06-18 03:00 (UTC) will not be credited to your account. > Withdrawals of these token(s) from Binance will not be supported after 2024-09-17 03:00 (UTC). {A Z E E M T R A D E R }123#Binance #waves/usdt #XEM

Short entry