hi, binance square users

Binance Square Initiates 'Write to Earn' Campaign

Binance Square, formerly known as Binance Feed, has launched a new promotion called 'Write to Earn.' This initiative allows Binance Square creators to earn 5% trading fee commissions from spot, margin, or futures trades made by their readers. The promotion period runs from May 20, 2024, to July 14, 2024.

Eligibility and Participation

To be eligible for this promotion, Binance Square creators must meet specific requirements. These include completing account verification, setting up a profile on Binance Square, and posting a minimum of seven posts with at least 200 characters each in the past 30 days. To participate, creators need to register on the promotion page, publish qualified content pieces, and they can earn 5% in trading fee commissions from regular and VIP 1-2 users' spot, margin, and futures trades.

Reward Structure

Each week, Binance will tabulate the commission rewards accumulated by each qualified participant and distribute the weekly commission rewards in FDUSD to eligible Binance Square creators' funding wallets by the following Thursday at 23:59 (UTC). However, weekly commission rewards will only be distributed to users when the value of weekly commission rewards is at least 0.1 FDUSD.

About Binance Square

Binance Square aims to be the one-stop social platform for the latest trends in Web3. The platform serves as a bridge between content creators and their followers, customizing users' feeds based on their respective engagement history. This promotion is another step towards encouraging more user interaction and participation on the platform

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#Binance Labs-backed Magic Square announced the launch of its new initial DEX offering (IDO) platform.

The new crowdfunding platform is built on a decentralized exchange (DEX) and aims to democratize retail access for Web3 investors with limited funds, according to Michael Landsberger, the chief operating officer of Magic Square.

Magic Launchpad achieves this through unique allocation strategies that equally favor users with fewer funds by taking into consideration factors like user activity and ecosystem contributions. Landsberger told Cointelegraph:

“This inclusive approach ensures that more community members can participate, rather than limiting opportunities to a select few, which are usually the ones that are more wealthy than others.”

Users wishing to participate in investment rounds first need to stake Magic Square (SQR) tokens to earn SQR points, which will determine their allocation size for some projects requiring participation points.

Users can also stack points by participating in the “Road-to-IDO” campaign before every project’s IDO launch, which rewards users based on their activity within the new protocol’s community.

The new platform aims to offer more than just financial support for emerging Web3 protocols, such as post-IDO and community-building support, explained Landsberger:

“We believe that an IDO should be more than just a fundraising mechanism. If the focus is solely on raising money, the real potential of the IDO is missed. Our approach views the IDO as a powerful tool to build a strong community and user base, ensuring long-term project success rather than just securing operational funds.”

Magic Square claims to be the first community-driven Web3 app store aiming to tackle user acquisition and engagement challenges. The project has over 4.5 million registered users and over 1,300 applications listed on its platform.

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BTC’s Three-Day Winning Streak Ends Amid ETF Flows

The Bitcoin Fear & Greed Index’s retreat to the Greed zone reflects the interplay between investor sentiment, the Fed’s influence, and BTC market dynamics.

Mentioned in Article

Key Insights:

BTC declined by 0.93% on Saturday, ending the session at $51,697.

US producer prices and BTC-spot ETF market data for Friday likely contributed to the loss.

On Sunday, BTC-spot ETF market-related chatter and sentiment toward Fed rate cuts could influence investor sentiment.

BTC Ends a Three-Day Winning Streak

On Saturday, BTC declined by 0.93%. Reversing a 0.45% gain from Friday, BTC ended the session at $51,697. Significantly, BTC ended a three-day winning streak.

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BONK Soars 100% Daily to a New ATH After Binance Listing, Market Cap Nears $2 Billion

BONK is currently the 46th biggest crypto asset with a market cap of over $1.7 billion.

TL;DR

Surging Value: Bonk Inu (BONK), a Solana memecoin, has seen a dramatic price increase, with a 100% rise in 24 hours and over 1,000% in the last 30 days.
Binance Listing and Risk Warning: Binance listed BONK but cautioned users about its high volatility and the need for careful research before trading.
Key Success Factors: BONK’s popularity is possibly driven by the memecoin trend, investor FOMO, and its association with the high-performing Solana network.

Binance Holding Ltd. would be asked to pay $4 billion to settle U.S. Department of Justice accusations of multiple criminal violations, according to a report from Bloomberg News on negotiations between the DOJ and the company, which are also leaving open the possibility that its founder Changpeng "CZ" Zhao would also face U.S. criminal charges.

Binance has been under a lengthy investigation by U.S. authorities for money laundering, bank fraud and violating U.S. sanctions laws, and the talks could reportedly conclude in the coming weeks.

A spokesperson with the DOJ declined to comment to CoinDesk. Binance didn't immediately respond to a request for comment.

Binance and CZ have faced investigations and accusations on multiple fronts in the U.S., including related enforcement actions earlier this year from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. If the company agrees to be fined by the U.S. for more than $4 billion, that would represent one of the largest settlements in crypto history, but it's uncertain what other conditions or business requirements may come along with that penalty, according to Bloomberg.
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Ethereum launched in summer 2015 with the aim of expanding the use cases of blockchain and cryptocurrency to encompass all manner of decentralized applications beyond Bitcoin’s initial scope, from permissionless financial services and crowdfunding to new organizational structures. 

Ethereum was envisioned as a “global computer” that would allow developers to publish and execute apps powered by smart contracts — programmable scripts that facilitate the flow of digital assets. 

Ethereum’s native cryptocurrency, Ether (ETH), not only provides an incentive structure similar to Bitcoin (BTC) in securing and maintaining the network but is also used as “gas” to run transactions through smart contracts. This functions as a security measure to protect the network from inefficient code and attacks by malicious actors. 

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Price of SQUA today
The live price of Square Token is $ 0.018277 per (SQUA / USD) with a current market cap of $ 0 USD. 24-hour trading volume is $ 15,152.33 USD. SQUA to USD price is updated in real-time. Square Token is -1.74% in the last 24 hours with a circulating supply of 0.#arbitrum #solana #ordinals #Meme #etf $BTC $USDC $XRP

Have a Spooktacular Halloween With Binance: Get Up to $55,000 in Main Takeaways
Take part in Binance Referral, NFT, Fiat, Gift Card, and Social activities for a chance to win a share in up to $55,000 worth of rewards.

Enjoy 14 days of celebrations with giveaways, prizes, and tasks.

To celebrate Halloween this year, Binance will be kicking off with 14 days of trick-or-treating and distributing rewards up to $55,000