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Binance ZK Token Distribution Program Program Duration: 2024-06-17 02:00 (UTC) - 2024-07-16 23:59 (UTC) In response to community concerns regarding the distribution of ZK tokens, Binance is offering 10,500,000 ZK tokens to a maximum of 52,500 Binance users who satisfy all of the following conditions: - The user has initiated a minimum of 50 transactions on ZKSync Era (where the user is the sender) between February 2023 and March 2024 (spanning 14 months). - Transactions were made in at least 7 different months within the February 2023 to March 2024 timeframe. Self-transfers are excluded. - The claiming address was not eligible to receive ZK tokens from the official ZK Nation airdrop program. - The claiming address is not a contract/CEX/bridge address. #AirdropGuide #AirdropBinance #zkairdrop #Airdrops_free #altcoins

Binance ZK Token Distribution Program

Program Duration: 2024-06-17 02:00 (UTC) - 2024-07-16 23:59 (UTC)

In response to community concerns regarding the distribution of ZK tokens, Binance is offering 10,500,000 ZK tokens to a maximum of 52,500 Binance users who satisfy all of the following conditions:

- The user has initiated a minimum of 50 transactions on ZKSync Era (where the user is the sender) between February 2023 and March 2024 (spanning 14 months).

- Transactions were made in at least 7 different months within the February 2023 to March 2024 timeframe. Self-transfers are excluded.

- The claiming address was not eligible to receive ZK tokens from the official ZK Nation airdrop program.

- The claiming address is not a contract/CEX/bridge address. #AirdropGuide #AirdropBinance #zkairdrop #Airdrops_free #altcoins

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Major cryptocurrencies declined during Asia trading hours on Tuesday due to ongoing profit-taking and another day of net outflows from U.S.-listed bitcoin exchange-traded funds (ETFs) on Monday, which weighed on bullish sentiment. Bitcoin (BTC) dropped to nearly $66,500, erasing all gains made on Monday, while ether (ETH) fell to $3,400, reversing gains from the previous week. BTC has been trading around its 50-day moving average at $66,000, testing its medium-term uptrend. Meanwhile, BTC ETFs saw net outflows totaling $145 million, extending last week's poor performance. Leading losses, major tokens like dogecoin (DOGE) and Solana’s SOL fell by as much as 9% in the past 24 hours according to CoinGecko data. Ton Network’s TON declined by 5%, while BNB Chain’s BNB performed relatively better with losses limited to just 1.5%. Last week, BTC dropped below the $65,000 mark for the first time in a month amid ETF outflows surpassing $500 million and the Federal Reserve signaling only one interest rate cut in 2024. “Other factors have compounded this,” noted Neil Roarty, analyst at Stocklytics, in an email to CoinDesk. “Political uncertainty triggered by Emmanuel Macron's unexpected decision to call a snap election in France has bolstered the dollar as traders exit the euro.” “A strong dollar typically puts downward pressure on Bitcoin,” he added, suggesting that significantly lower interest rates and a weaker dollar would be needed to approach the $70,000 mark. Elsewhere, FxPro senior market analyst Alex Kuptsikevich cautioned about prevailing bearish sentiment despite positive developments in ether ETFs failing to lift ETH prices. “Ethereum initially gained over 6% on upbeat ETF expectations after briefly falling below its 50-day MA on Friday. However, it has since lost nearly 1.5% since Monday's start, raising concerns about near-term altcoin performance,” he said in a Tuesday email. “Increased weekday liquidity is likely to favor selling interest over buying,” Kuptsikevich concluded. #BTC #altcoins #bitcoin #solanAnalysis #doge⚡
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Despite reaching this level roughly two weeks ago, Bitcoin's price has mostly moved downward or sideways, reflecting levels seen three months ago. This nearly 7% drop is due to various factors rather than a single major event. One reason for the stagnation, according to analysts, is the sluggish performance of 11 spot Bitcoin exchange-traded funds (ETFs). Interest in these ETFs surged in January following their approval by the SEC. Data from CoinGlass shows that these ETFs now have a combined value exceeding $53 billion. However, most of the inflows happened during the first two months of their operation. There was an inflow of $55.3 billion worth of assets into the funds by March 13, indicating a slowdown since then. Last week alone, net outflows reached $580.6 million. Analysts also point to challenging mining conditions as another factor hindering Bitcoin's growth. Bitcoin's sharp rise was driven by anticipation of the April 19 halving, which cut the supply of newly issued coins by 50% from 6.25 to 3.125 per block. As a result, the hashrate (total computing power used for Bitcoin mining) has been fluctuating. It fell by 11% in the four weeks following the halving in April, briefly recovered, and then declined again. Matthew Sigel, director of digital assets research at VanEck, described this as “typical” post-halving instability, with miners struggling to turn a profit as the cost per coin doubles. Sigel predicts that this consolidation phase may persist, but he also foresees a significantly higher Bitcoin price during the U.S. elections in November. He noted that Bitcoin's recent performance is typical for a bull market, with price corrections of up to 20% following an all-time high being common. “An 11% decline is not a cause for concern,” Sigel added. FalconX research manager David Lawant explained that the recent price drop could also be attributed to “relatively weak liquidity.” #BTC #bitcoin #altcoins #Cryptocurrencies #CryptoNewss
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How to Claim ZK Tokens from Binance To claim ZK tokens from Binance, eligible users need to deposit a minimum of 0.02 ETH from addresses whitelisted on the ZKSync ERA network to Binance.com. Please note that the amount of ETH deposited does not affect the distribution of ZK tokens. Only ETH deposited directly from the following active user whitelists on ZKSync will be considered valid. Binance will use these addresses as a reference for the token distribution: - Whitelist batch 1 - Whitelist batch 2 - Whitelist batch 3 - Whitelist batch 4 ZK tokens will be distributed on a first-come, first-served basis to users who meet all the criteria mentioned above. Binance will allocate 200 ZK tokens to each Binance User ID (UID). For instance, if a user deposits 0.02 ETH from multiple addresses to the same UID, they can only claim ZK tokens once from the Token Distribution Program. Binance will distribute only 200 ZK tokens per UID. #AirdropGuide #AirdropBinance #altcoins #Cryptocurrencies #ZkSync
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Binance is set to include ZKsync (ZK) in its listings and will commence trading for the specified spot pairs starting from 2024-06-17 08:00 (UTC). New Spot Trading Pairs: ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY. Users are encouraged to deposit ZK now to prepare for trading. Withdrawals will be available starting from 2024-06-18 08:00 (UTC). #altcoins #zkSynk #zkairdrop #Cryptocurrencies #AltcoinGains
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Analysts at the cryptocurrency analysis platform Spot on Chain reported a significant unlocking of an altcoin. According to on-chain data, 37.5 million BLUR tokens, worth $11.6 million, were unlocked and promptly transferred to Coinbase Prime. The price of BLUR saw a decline following the unlocking event, with a decrease of 2.92% in the last 24 hours. The altcoin, which has a market value of $519 million, experienced noticeable price movement after this event. BLUR, a token within the Ethereum ecosystem, is renowned as one of the most popular platforms in the NFT space. Interestingly, its well-known counterpart, OpenSea, has yet to release any tokens. Over the past year, BLUR altcoin developers have unlocked 728 million tokens valued at approximately $272 million, with almost all of these tokens being transferred to Coinbase Prime, presumably for sale. As of now, developers still hold $226 million worth of BLUR tokens, which are set to be unlocked in the coming months.#altcoins #TokenUpdate #Cryptocurrencies #AltcoinInvesting #BLUR/USDT
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