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🧙♂️ According to TokenUnlocks data, this week $200 million worth of tokens will be unlocked.
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🧙♂️ Fed member Daly: If inflation rises again, we are ready to increase interest rates. #BURNGMT #2024withBinance #BTCRecoveredTo97K $BTC $ETH $XRP
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Hey Creators! Have you explored Square’s latest features yet? 🚀 Here’s what’s new and exciting: 🔹 Trending Topics in the Content Editor Stay ahead of the curve! Discover the hottest topics on Binance Square while creating content. Use them for inspiration and boost your engagement by tapping into what’s trending. 🔹 Repost Comments as New Posts Got a witty comment worth sharing? Now you can! Simply tick the "Also Repost" box when commenting, and your remark becomes a new post, quoting the original content. Instant amplification! 🔹 Earn from Audio Lives Yes, you read that right! 🎧 Creators with 1K+ followers can now host Audio Lives, pin token widgets, and earn up to 30% Write to Earn commission when listeners trade through the widgets. Bonus: You can now screen share during your Audio Live sessions! Learn more here: Full Features Breakdown 💡 Want to dive deeper? Join our audio live session where Karin from Binance Square will introduce each feature in detail and answer all relevant questions. Save the date: December 9, 13 UTC
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Surprising move from popular NFT collection: Token on the way! Popular NFT collection Pudgy Penguins is preparing to launch a new token, #PENGU , on #Solana . The move comes at a time when the collection's NFT base prices have risen to $62,000. The Pudgy Penguins team announced the PENGU token, which they plan to launch by the end of the year. A total of 88 billion PENGU will be distributed to NFT owners with collections such as Pudgy Penguins, Lil Pudgys, Pudgy Rods. The token distribution is planned as follows: **23.5 percent: Will be allocated to Pudgy Penguins NFT owners. **22.02 percent will be allocated to Solana and Ethereum communities. **12.32 percent: Will be used to provide liquidity on decentralized exchanges. The Pudgy Penguins collection increased by over 40 percent from its base price this week, reaching an all-time high of $62,000. This increase occurred in parallel with Bitcoin breaking the $100,000 barrier. Despite market volatility, Pudgy Penguins has managed to maintain a strong presence to date. The collection, which has a total market value of $550 million, also generated $10 million from toy sales. The bull run in cryptocurrencies is also increasing the value of NFTs. The total value of the NFT market has reached $8.6 billion, and the weekly trading volume of Ethereum-based NFTs has exceeded $101 million.
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“Altcoins on the edge” Crypto analysis platform AMBCrypto predicts that high funding rates and accumulated liquidity could affect the rise of altcoins. The other day, there was a $9,000 drop in the price of Bitcoin (BTC). The drop in question led to the liquidation of nearly $1 billion from the crypto market. The #Bitcoin drop negatively affected altcoins, which have recently gained great interest. Many altcoins lost nearly 10 percent of their value when the BTC price fell by $9,000. AMBCrypto warned that the crash that occurred on November 5 could be repeated. The analysis, published under the title “Altcoins on the edge”, touched on price movements in the last three months. Altcoins, which have been on the rise since November, reached their highest funding rates in the last nine months. According to AMBCrypto’s analysis, altcoins are at risk of liquidation. The analysis included the following statements; “In the current market conditions, investors may be exposed to long (bullish) liquidations.” The 30-day funding rates of continuous futures, which have reached 4 to 6 percent monthly, indicate that risk appetite has increased and the use of high leverage has increased. Historical data shows that rapid price increases and rising funding rates usually occur before corrections. In a similar scenario last experienced in January, altcoins had fallen by 15 percent. The analysis emphasized that a new correction is on the way. AMBCrypto, which recommended that investors act more carefully in the coming days, noted the following; “High altcoin funding rates can cause millions of dollars to evaporate.” According to CoinGlass data, the 30-day funding rate in continuous futures has reached the highest levels of the year. Traders who open long-term transactions pay a monthly funding fee of 4 to 6 percent to maintain their leveraged positions. Stating that even experienced traders cannot afford to pay high funding fees, AMBCrypto stated that selling pressure may increase if crypto prices stagnate or fall. #2024withBinance #SUIInTheSpotlight
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Sui (SUI) is unstoppable: It could mark the bull season! Sui ($SUI ), one of the most popular coins of the recent period, renewed its ATH by reaching $ 4.49. The Total Locked Value (TVL) of the SUI blockchain reached a new record by reaching $ 1.72 billion. This milestone shows that investors are showing interest in SUI and the SUI ecosystem is becoming more prominent. In addition, the network's native token SUI has reached $ 4.50. High TVL levels can often indicate increased usage of the network, creating upward pressure on the price. TVL measures the total locked capital in a blockchain protocol and is considered an important indicator of user interaction. While the network's TVL has remained above $ 1.4 billion since November 9, the continuous capital inflow gives positive signals for the network. These developments support the SUI price upwards. On December 3, SUI's moving averages (EMA lines) made an intersection. This intersection gave signals that the rise could intensify further. The technical formation in question ignited a new rise and carried the #SUI to ATH. If the uptrend continues, the price may exceed $4.50 and head towards the $5 band. If this level is exceeded, the rally may accelerate further. However, if the current uptrend weakens and a downtrend begins, the price may test the first support level of $3.94. If this level is not maintained as support, the price may decline to $3.65.
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