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“Be Binance” Campaign is Preparing to Celebrate its 7th Anniversary Binance said the campaign will offer a wide range of events aimed at recognizing users' contributions to the company's growth and encouraging blockchain advancement and adoption globally. Binance, the world's largest crypto exchange by trading volume, is celebrating its seventh anniversary with the launch of the 'Be Binance' global campaign. This significant milestone will be shared with more than 200 million users worldwide, reflecting the company's impressive journey, achievements and contributions to the digital asset industry. Binance was founded in 2017 by Chinese-born Canadian entrepreneur Changpeng Zhao. Since then, the company has grown at an unprecedented pace, becoming the world's largest exchange within 180 days of launch. This rapid rise was fueled by the initial coin offering (ICO) of its native token. BNB provided the necessary capital to expand and innovate. Today, the exchange celebrates seven years of service by introducing a comprehensive range of offerings including spot trading, futures, staking and educational resources through Binance Academy, the company's educational arm According to a shared press release, the company wants to celebrate with its users through the “Be Binance” campaign. Binance said the initiative is a tribute to the community that has supported the platform over the years. "'Binance' is a celebration of our community's incredible support for seven extraordinary years," says Rachel Conlan, chief marketing officer at Binance. He also attributed the company's success to its massive user base of 200 million users. “As we move towards financial freedom, we stay true to our values – humility, kindness, collaboration and gratitude. “Thank you to our community for believing in Binance,” Conlan said. Binance said the campaign will offer a wide range of events aimed at recognizing users' contributions to the company's growth and encouraging blockchain advancement and adoption globally.
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🧙♂️ According to Coinglass data, liquidation of $ 595 million took place in futures transactions in the last 24 hours. •75% of these ($446 million) are long positions. •A total of 207,117 people were liquidated.
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Important development in Arbitrum (ARB): How does it affect the price? Due to ZRO allegations, Arbitrum's (ARB) revenue on June 20 was $3.38 million, the highest day to date. The LayerZero airdrop briefly increased the number of messages sent on the cross-chain network as users claimed their ZROs. The airdrop was frequently discussed due to the anti-sybil used to determine allocations and the $0.10d donation required to be made to the Protocol Guild to claim each token. While the launch of the ZRO token did not appear to help the LayerZero network recover from the drop in activity following the announcement that the airdrop snapshot had been taken, a different protocol was able to profit from it. As a reminder, the revenue generated by Ethereum Layer 2s is the amount of fees paid on these networks. Many post-Dencun rollups have seen a decline in revenue as users pay lower fees, but earnings have increased for many scaling solutions as the cost of publishing data on the #Ethereum mainnet has dropped significantly. The fact that #Arbitrum sees such high fees is an indication that the demand for Arbitrum block space is high, as users are willing to pay high fees to have their transactions processed on the network. This makes sense, given that Arbitrum is the coordination chain for the LayerZero token demand contract. This meant that requests could be processed atomically in Arbitrum, while other networks to which requests could be made would have to use a cross-chain message on the LayerZero network to facilitate the request. $ETH $ARB
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Joe Biden's election probability is decreasing: Critical signal for crypto! On decentralized crypto prediction platform Polymarket, US President Joe Biden's re-election probability has dropped to 9 percent. Bettors are speculating on whether Vice President Kamala Harris will replace Biden as the Democratic Party nominee. Biden's odds have briefly rebounded since then and are now at 10 percent of Polymarket's $226 million "2024 Presidential Election Winner" market. While former President and Republican Party candidate Donald Trump is shown as the favorite with 61 percent, Harris comes in second with 19 percent. Stock prices, reflecting Biden's odds on the prediction platform PredictIt, similarly fell from $0.25 to $0.20. Harris is now the leading Democratic candidate – but Trump still holds the highest-valued “Yes” shares at $0.58. This development comes as concerns from the media and outside commentators grow that he may not be eligible for a second term. According to CNN, the President reportedly alarmed several US governors during a meeting at the White House on July 3, jokingly saying, "I'm fine, but I don't know anything about my brain." In the same news, it is stated that Biden said that he will no longer plan events after 20:00 in order to get more sleep. Biden did himself no favors when, in a radio interview the next day, he mistakenly described herself as the “first black woman” to serve as President of the United States. It's a clip that has since been circulating on social media. Polymarket shows that there is a 66% chance that Biden will withdraw before the November 4 US elections, and Harris is the Democratic candidate most likely to compete with Trump. However, Biden emphasized that he did not intend to resign despite increasing pressure. In his Independence Day speech at the White House on July 4, Biden reportedly said, "I'm not going anywhere."
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As #BinanceTurns7 we're giving away $7,000 in $BNB, exclusive merch and more rewards across socials. To enter the 𝕏 giveaway: 🔸Follow @Binance. 🔸Retweet and comment what "Be Binance" means to you with #BinanceTurns7 Winners will be picked on socials—time to get creative!
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