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Binance will convert 15 cryptocurrencies to USDC: Users have been given time The Binance exchange has announced that it will convert a total of 15 cryptocurrencies to USDC and that users must withdraw their assets before September 2. The conversion of related cryptocurrencies to USDC will end on March 2. The Binance exchange has announced that many tokens that have already been delined or will be announced will be automatically converted to USDC if they are not withdrawn from the platform by their users. Within the framework of the conversion, a screenshot will be taken from the wallets on September 2 (03.00 CEST) and the conversion will continue until March 2, 2025. Therefore, users are required to withdraw relevant cryptocurrencies from their Binance wallets by September 2 at the latest. The cryptocurrencies announced by Binance are as follows: “Bitcoin Gold (BTG), Bitcoin Standard Hashrate Token (BTCST) , Bitshares (BTS), District0x (DNT), Groestlcoin (GRS), Hegic (HEGIC), MobileCoin (MOB), Monero (XMR), Monetha (MTH), Multichain (MULTI), Navcoin (NAV), Sologenic (SOLO), Spartan Protocol (SPARTA), Symbol (XYM), Tribe (TRIBE)” The Binance exchange also stated that these cryptocurrencies will be transferred to users by calculating the average value between September 2 and March 2 when converting to USDC. USDC balances will be deposited into user accounts on March 2 at 03.00 CEST. On the other hand, the stock market announced on August 19 that CVP, EPX, FOR, LOOM, REEF and VGX will also be delisted from the stock market. $REEF $CVP $EPX
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HOT NEWS 🗞️ | Binance will delist CVP, EPX, FOR, LOOM, REEF, VGX. $CVP $REEF $EPX
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Bitcoin fell to $58K before the busy week Bitcoin, which recovered after the sharp declines at the beginning of last week, fell below 60 thousand dollars again last night. The most important factors in terms of this week's price trend will be the PPI data on Tuesday and Wednesday's CPI in the USA. While markets are questioning whether there will be an interim meeting ahead of the Fed's meeting on September 18 and therefore whether the institution will go to a preliminary interest rate cut, the two most important data on this path will be announced this week. In the USA, PPI and CPI data for July will be determined on Tuesdays and Wednesdays this week, respectively. Will there be a decrease in CPI again? Especially CPI figures are of great importance in terms of the course of risky assets, including Bitcoin. While it was debated whether the Fed could reach its 2% target, the figure for June was 3%. Expectations are for consumer inflation to come to 3% this month... The producer price index, which has recently exceeded expectations, will be announced on Tuesday, and the consumer price index will be announced on Wednesday. Before two data, it is noteworthy that Bitcoin has again hung below 60 thousand dollars. The dilemma continues Markets, on the other hand, are experiencing a dilemma. Markets, which recently priced the cooling down of the economy positively, experienced a decline this time in the latest data due to fear of recession. In other words, although inflation below 3% this week seems to be positive in terms of the cooling of the economy, it can also trigger fears of recession and bring a decrease in risky assets. If inflation is higher than expected, it may reduce the fears of recession and eliminate the possibility of the Fed's an interim meeting. On the other hand, the Japan stock market, which is the main factor of last week's declines, will be closed today. In the minutes of writing the news, Bitcoin is trading around $58,400. $BTC #bitcoin
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Is #Bitcoin giving a signal before markets open in Asia? 👀 $BTC
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As of August 10, 2024, MicroStrategy holds 226,500 BTC in reserves, valued at $13.771 billion. The company acquired this at an average cost of $37,000 per BTC. With Bitcoin now trading around $60,500, MicroStrategy's unrealized profits are approximately $5.39 billion. $BTC #Bitcoin #MicroStrateg
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