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🧙‍♂️Binance exchange will support IRISnet (#IRIS) network upgrade

🧙‍♂️Binance exchange will support IRISnet (#IRIS) network upgrade

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Y 🚨 The European Central Bank (ECB) reduced the interest rate from 4.5% to 4.25%. 🇺🇸 US Unemployment Benefit Applications were announced as 229K. Expectation: 220K 🚨 Binance exchange announced that it will continue its partnership with #Mastercard .
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🧙‍♂️ According to Standard Chartered, the price of Bitcoin may rise to $100,000 ahead of the US presidential elections in November.
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‼️CRYPTO BREAKING NEWS: Famous author Robert Kiyosaki predicts that #Bitcoin will reach 350 thousand dollars by August 25, 2024.
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Solana ecosystem is very assertive: Ready for the bull season Zeta Markets Founder Tristan Frizza said the SOL rise was mostly driven by the increase in memecoin activity from the Solana network. Zeta Markets Founder Tristan Frizza said the rise of SOL was mostly driven by the increase in memecoin activity of the Solana network. “#Memecoins have definitely become a major driver of activity on Solana,” said Tristan Frizza, founder of Zeta Markets, the perp DEX of the Solana ecosystem. "It demonstrates Solana's ability to handle high transaction volumes with low fees and this development provides an excellent environment for users." said. To illustrate this, Frizza pointed to Solana’s onchain metrics where its total value locked (TVL) exceeded $4.9 billion.  “This development demonstrates strong network activity and the number of active users is constantly increasing; monthly active addresses reached an all-time high of 41.65 million in May.” he added. According to this week's Bitfinex Alpha report, the Solana DeFi ecosystem is experiencing growth evident in lending, liquid staking, and perpetual markets. The leader of altcoins, #Ethereum , is expected to experience more activity this month compared to Bitcoin. According to QCP Capital analysts, Ethereum options volatility (IV) is currently higher than Bitcoin;  This suggests that investors are expecting increased price fluctuations for ether, possibly in response to the upcoming launch of spot ETH. QCP Capital analysts said, “The uptrend will likely continue as the market waits for the spot Ether ETF to initiate new demand; The options market certainly reflects this; #Ethereum by volume [IV] is still 15 percent above Bitcoin volume.” said. Andrew Melville, Head of Research at Block Scholes, observed that volatility in Ether has become more pronounced than in Bitcoin since mid-May, highlighting the disparity in volatility between both tokens since the FTX crash in November 2022. $BTC $ETH $SOL
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55th Launchpool Project Introduced on Binance Exchange Binance has transferred a new pre-sale program to its users. Accordingly, the 55th Launchpool project IO.NET (IO), a decentralized artificial intelligence and cloud computing platform, was introduced. Users can stake BNB and FDUSD to collect IO tokens before trading begins on June 11. Binance has come out with an exciting announcement announcing its 55th project on Binance Launchpool, a decentralized AI computing and cloud platform called IO.NET (IO).  IO.NET (IO) is preparing to take important steps in the artificial intelligence and cloud computing sectors by offering an innovative platform and decentralized solutions that increase efficiency and accessibility. Binance will be the first platform to list the IO token starting on June 11. This launch not only marks an important milestone for IO.NET. It also highlights Binance's commitment to supporting groundbreaking projects in the cryptocurrency space. Launchpool details for Binance users have also been announced. They will have the opportunity to split their #BNB and #FDUSD into separate pools to collect IO tokens over a four-day period starting June 7. The website is expected to be updated within five hours of this announcement, providing detailed instructions and timelines for the start of mining operations. The initial supply of total IO.NET (IO) is set at 500,000,000 tokens. The maximum supply is capped at 800,000,000 coins. Of this, 95,000,000 IO tokens (19% of the initial total supply) will be in circulation initially. The total volume available for mining is 20,000,000 IO tokens, representing 4% of the initial total supply. Personal hourly mining limits are set at 17,708.33 IO for the #BNB mining pool and 3,125 IO for the #FDUSD mining pool. The distribution of tokens between pools is also stated, with the #BNB pool able to mine a total of 17,000,000 IO (85%) and the FDUSD pool 3,000,000 IO (15%).
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