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Hi I am a medical doctor and i believes there is no limitations on learning new things. The future of currency is going to digital and cryptosystem is the core.
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funny crypto joke.
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If a pizza delivery guy is tipped in Bitcoin, and the price of Bitcoin moonshot before he delivers the pizza, is he legally obligated to buy a mansion with that tip?
here it isđđđ
If a pizza delivery guy is tipped in Bitcoin, and the price of Bitcoin moonshot before he delivers the pizza, is he legally obligated to buy a mansion with that tip?
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Binance News
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Bitcoin Halving Could Lead to Unexpected Market Movements, Says Arthur Hayes
According to CryptoPotato, the cryptocurrency community is preparing for the much-anticipated Bitcoin halving, expected around April 20. However, there are differing opinions on the immediate and long-term impact of this event. Arthur Hayes recently shared his views, suggesting that while the halving might boost prices in the medium term, the asset could experience a slump both before and after the event. He stressed that while the halving is often seen as a bullish catalyst, the consensus around its positive impact could result in unexpected market movements. Hayes stated, 'When most market participants agree on a certain outcome, the opposite usually occurs.'
Hayes noted that the halving coincides with a period of tighter than usual dollar liquidity, which could increase market volatility. His analysis suggests that reducing block rewards for miners and tighter dollar liquidity could lead to a 'firesale' of crypto assets, pushing prices down. In light of these potential market movements, Hayes has decided to refrain from trading until May, emphasizing the need for caution in these uncertain times. He revealed that he has already taken full profits on several positions, reallocating the proceeds into stablecoin-based investments to earn yields.
Hayes also discussed the impact of Federal Reserve and Treasury policies on financial markets. He explained how troubled banks can access liquidity through facilities like the discount window, and the implications of this on market stability. He noted a discrepancy between the previous bailout program and the discount window. While the bailout program restored solvency by reimbursing losses, the discount window only provides cash equivalent to the market value of securities. Hayes suggested that the Fed could equalize treatment between the two mechanisms, effectively continuing a 'stealth banking bailout' by supporting bankrupt banks with printed money. This could increase the balance sheets of bankrupt banks, preventing market-induced bankruptcies post-bailout program expiration.
Hayes noted that the halving coincides with a period of tighter than usual dollar liquidity, which could increase market volatility. His analysis suggests that reducing block rewards for miners and tighter dollar liquidity could lead to a 'firesale' of crypto assets, pushing prices down. In light of these potential market movements, Hayes has decided to refrain from trading until May, emphasizing the need for caution in these uncertain times. He revealed that he has already taken full profits on several positions, reallocating the proceeds into stablecoin-based investments to earn yields.
Hayes also discussed the impact of Federal Reserve and Treasury policies on financial markets. He explained how troubled banks can access liquidity through facilities like the discount window, and the implications of this on market stability. He noted a discrepancy between the previous bailout program and the discount window. While the bailout program restored solvency by reimbursing losses, the discount window only provides cash equivalent to the market value of securities. Hayes suggested that the Fed could equalize treatment between the two mechanisms, effectively continuing a 'stealth banking bailout' by supporting bankrupt banks with printed money. This could increase the balance sheets of bankrupt banks, preventing market-induced bankruptcies post-bailout program expiration.
Causes of the Recent Crypto Market Drop
The recent crypto market downturn can be attributed to several interconnected factors:
1. Macroeconomic Factors:
Rising interest rates, inflation concerns, and potential economic recession have led investors to shift their focus from riskier assets like cryptocurrencies to safer havens. Â
2. Regulatory Uncertainty:
The lack of clear and consistent regulatory frameworks in many jurisdictions creates an environment of uncertainty, deterring institutional investors and causing market volatility.
3. Market Overheating:
The rapid rise of cryptocurrency prices in the previous bull market led to overvaluation in some sectors, making the market susceptible to corrections.
4. Geopolitical Tensions:
Ongoing geopolitical conflicts and uncertainties can contribute to risk-off sentiment among investors.
Making the Most Out of a Market Drop
While market downturns can be unsettling, they also present opportunities for savvy investors. Here are some strategies to consider:
1. Dollar-Cost Averaging (DCA):
Investing a fixed amount of money regularly, regardless of market conditions, can help reduce the impact of volatility.
2. Accumulation:
For long-term investors, market downturns provide an opportunity to accumulate more cryptocurrencies at lower prices.
3. Diversification:
Spreading investments across different cryptocurrencies and asset classes can help mitigate risks.
4. Risk Management:
Employing stop-loss orders and taking profits can help protect your investment.
5. Education and Research:
Continue to learn about the cryptocurrency market, analyze projects, and identify potential opportunities.
MarketDownturn #MarketDownturn
The recent crypto market downturn can be attributed to several interconnected factors:
1. Macroeconomic Factors:
Rising interest rates, inflation concerns, and potential economic recession have led investors to shift their focus from riskier assets like cryptocurrencies to safer havens. Â
2. Regulatory Uncertainty:
The lack of clear and consistent regulatory frameworks in many jurisdictions creates an environment of uncertainty, deterring institutional investors and causing market volatility.
3. Market Overheating:
The rapid rise of cryptocurrency prices in the previous bull market led to overvaluation in some sectors, making the market susceptible to corrections.
4. Geopolitical Tensions:
Ongoing geopolitical conflicts and uncertainties can contribute to risk-off sentiment among investors.
Making the Most Out of a Market Drop
While market downturns can be unsettling, they also present opportunities for savvy investors. Here are some strategies to consider:
1. Dollar-Cost Averaging (DCA):
Investing a fixed amount of money regularly, regardless of market conditions, can help reduce the impact of volatility.
2. Accumulation:
For long-term investors, market downturns provide an opportunity to accumulate more cryptocurrencies at lower prices.
3. Diversification:
Spreading investments across different cryptocurrencies and asset classes can help mitigate risks.
4. Risk Management:
Employing stop-loss orders and taking profits can help protect your investment.
5. Education and Research:
Continue to learn about the cryptocurrency market, analyze projects, and identify potential opportunities.
MarketDownturn #MarketDownturn
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Things to consider on the future of crypto-currency and market trends!!
> Crypto Goes Green: Unveiling Sustainable Mining Solutions:
Cryptocurrencies are booming, but so are concerns about their environmental footprint.
Bitcoin mining, a process that verifies transactions and secures the network, consumes a massive amount of energy. However, the tides are turning!
Let's explore how the crypto industry is embracing sustainable solutions:
1. Harnessing Renewable Power:
Mining operations are increasingly shifting to renewable energy sources like solar, wind, and hydropower. This reduces reliance on fossil fuels and lowers the carbon footprint of cryptocurrency production.Energy-Efficient Hardware: The development of more energy-efficient mining rigs is another key solution. This reduces the overall energy consumption required to validate transactions.
2. Proof-of-Stake (PoS):
This alternative consensus mechanism to Proof-of-Work (PoW) used by Bitcoin requires significantly less energy. Instead of solving complex puzzles, PoS relies on coin holders to verify transactions.
> Why Does Sustainability Matter?
Sustainable mining benefits everyone.
1. It Combats Climate Change:
Reduces greenhouse gas emissions and promotes a cleaner environment.
2. Boosts Long-Term Viability:
Ensures the future of cryptocurrency by addressing environmental concerns.
3. Appeals to Eco-Conscious Investors:
A sustainable approach attracts environmentally responsible investors.
4. The Future is Green:
The cryptocurrency industry is recognizing the importance of sustainability. By embracing renewable energy, efficient hardware, and alternative consensus mechanisms, crypto mining can move towards a greener future. This paves the way for a more sustainable and responsible financial landscape.
#BinanceTournament #Megadrop #CryptoTradingGuide #MicroStrategy #Write2Earn! $BTC
> Crypto Goes Green: Unveiling Sustainable Mining Solutions:
Cryptocurrencies are booming, but so are concerns about their environmental footprint.
Bitcoin mining, a process that verifies transactions and secures the network, consumes a massive amount of energy. However, the tides are turning!
Let's explore how the crypto industry is embracing sustainable solutions:
1. Harnessing Renewable Power:
Mining operations are increasingly shifting to renewable energy sources like solar, wind, and hydropower. This reduces reliance on fossil fuels and lowers the carbon footprint of cryptocurrency production.Energy-Efficient Hardware: The development of more energy-efficient mining rigs is another key solution. This reduces the overall energy consumption required to validate transactions.
2. Proof-of-Stake (PoS):
This alternative consensus mechanism to Proof-of-Work (PoW) used by Bitcoin requires significantly less energy. Instead of solving complex puzzles, PoS relies on coin holders to verify transactions.
> Why Does Sustainability Matter?
Sustainable mining benefits everyone.
1. It Combats Climate Change:
Reduces greenhouse gas emissions and promotes a cleaner environment.
2. Boosts Long-Term Viability:
Ensures the future of cryptocurrency by addressing environmental concerns.
3. Appeals to Eco-Conscious Investors:
A sustainable approach attracts environmentally responsible investors.
4. The Future is Green:
The cryptocurrency industry is recognizing the importance of sustainability. By embracing renewable energy, efficient hardware, and alternative consensus mechanisms, crypto mining can move towards a greener future. This paves the way for a more sustainable and responsible financial landscape.
#BinanceTournament #Megadrop #CryptoTradingGuide #MicroStrategy #Write2Earn! $BTC
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Binance Square Official
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Participate in #EarnFreeCrypto2024 and win up to 500 FDUSD!
Dive into our #EarnFreeCrypto2024 campaign to seize a chance to win up to 500 FDUSD! đ° Post an informative article on Binance Square, outlining your top 6 strategies for earning free cryptocurrency in 2024. Dive into techniques like airdrops, particularly highlighting Binance's Megadrop, tools like Binance Earn, Binance Learn and Earn, Binance Launchpool, Write2Earn on Binance Square, enticing referral programmes, and dynamic social media giveaways.Â
Campaign Period: 2024-05-24 00:00 to 2024-05-29 23:59 (UTC)
To Participate:Â
Craft an in-depth article on Binance Square, where you present your top strategies to earn free cryptocurrency. Deliver comprehensive insights into each method, elaborating on how users can actively participate. Your article can feature Binanceâs products or campaigns, such as:
Binance MegadropBinance Earn Binance LaunchpoolBinance Learn and EarnWrite2Earn on Binance Square.
Make sure your article has a minimum length of 600 words.
Guidelines:
Make certain your shared content is original, filled with insightful information, and based on real incidents. Posts with high engagement lacking original content may be disqualified.
Winner Selection:Â
Five posts generating the most interaction will each be rewarded with 100 FDUSD.
Terms and Conditions:
This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 600 words will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.The content needs to be posted on Binance Square organically to qualify for the reward.Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
Campaign Period: 2024-05-24 00:00 to 2024-05-29 23:59 (UTC)
To Participate:Â
Craft an in-depth article on Binance Square, where you present your top strategies to earn free cryptocurrency. Deliver comprehensive insights into each method, elaborating on how users can actively participate. Your article can feature Binanceâs products or campaigns, such as:
Binance MegadropBinance Earn Binance LaunchpoolBinance Learn and EarnWrite2Earn on Binance Square.
Make sure your article has a minimum length of 600 words.
Guidelines:
Make certain your shared content is original, filled with insightful information, and based on real incidents. Posts with high engagement lacking original content may be disqualified.
Winner Selection:Â
Five posts generating the most interaction will each be rewarded with 100 FDUSD.
Terms and Conditions:
This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 600 words will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.The content needs to be posted on Binance Square organically to qualify for the reward.Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
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Binance Announcement
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Binance Square: Share Links & Complete Tasks to Unlock Up to 100 USDT in Rewards!
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Square is pleased to introduce a new âShare to Winâ activity, where verified users may participate to unlock over 100 USDT in rewards.
Activity Period: 2024-05-23 09:00 (UTC) to 2024-06-06 09:00 (UTC)
Activity 1: Share Binance Square Links With Your Referrals to Get up to 100 USDT in Crypto Red Packet
To participate in this Activity, verified Binance users (referrers) can log in to their Binance accounts and share any Binance Square link(s) with new and existing Binance users (referrals) during the Activity Period. After the referrals open the shared Binance Square link(s), both the referrers and the referrals can unlock Crypto Red Packet(s) worth up to 2 USDT each. Rewards are limited and will be distributed on a first-come, first-served basis.
In addition, referrers and the new Binance users they refer may unlock Crypto Red Packet(s) containing greater rewards when the referrals sign up for a Binance account after opening the Binance Square link(s) and complete identity verification.
Please note that each referrer may claim a maximum of one Crypto Red Packet reward per referral via the Binance App during the Activity Period, and up to 50 Crypto Red Packets (i.e., a maximum of 100 USDT in Crypto Red Packet) from this Activity.
Activity 2: New Users Exclusive - Sign up With Binance & Complete Tasks to Earn up to 5.5 USDT in Rewards
In addition, new users who sign up with Binance via the Activity page may click on the [Go] button and complete any of the following task(s) during the Activity Period to get up to 5.5 USDT in rewards. Rewards are limited and will be distributed on a first-come, first-served basis.
TaskTask DetailsReward per Completed Task1Open any ten unique Binance Square links while being logged in to your Binance account.Up to 0.5 USDT2Complete a trade of at least $100 equivalent on Spot, Futures, Margin, Options, or Convert.5 USDT
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts, and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing usersâ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked QuestionsBinance Square Creator Academy
Terms & Conditions
This Activity may not be available in your region. The rewards for both Activities are distributed on a first come, first-served basis, with limited redemptions available.Users may qualify for rewards from both Activities where applicable. The rewards for both Activities are not mutually exclusive.There will be caps imposed on the amount of rewards available to eligible users per country/region.Users must be logged in to their verified Binance accounts while completing tasks during the Activity Period in order to qualify for any rewards from Activity 1 and/or Activity 2.Activity 1:Users may only receive a maximum of one Crypto Red Packet reward from each unique referral. Please note that users may redeem multiple Crypto Red Packet rewards from different unique referrals within the same day.Crypto Red Packets will be distributed to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends.Activity 2:Only new users who register with Binance via this activity page will be eligible to participate in Activity 2. Rewards for Task 1 will be distributed in the form of Crypto Red Packets to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends.Rewards for Task 2 will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Token vouchers will expire by 2024-07-30 09:00 (UTC). Learn how to redeem a voucher.Illegally bulk-registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a userâs eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-05-23
Fellow Binancians,
Binance Square is pleased to introduce a new âShare to Winâ activity, where verified users may participate to unlock over 100 USDT in rewards.
Activity Period: 2024-05-23 09:00 (UTC) to 2024-06-06 09:00 (UTC)
Activity 1: Share Binance Square Links With Your Referrals to Get up to 100 USDT in Crypto Red Packet
To participate in this Activity, verified Binance users (referrers) can log in to their Binance accounts and share any Binance Square link(s) with new and existing Binance users (referrals) during the Activity Period. After the referrals open the shared Binance Square link(s), both the referrers and the referrals can unlock Crypto Red Packet(s) worth up to 2 USDT each. Rewards are limited and will be distributed on a first-come, first-served basis.
In addition, referrers and the new Binance users they refer may unlock Crypto Red Packet(s) containing greater rewards when the referrals sign up for a Binance account after opening the Binance Square link(s) and complete identity verification.
Please note that each referrer may claim a maximum of one Crypto Red Packet reward per referral via the Binance App during the Activity Period, and up to 50 Crypto Red Packets (i.e., a maximum of 100 USDT in Crypto Red Packet) from this Activity.
Activity 2: New Users Exclusive - Sign up With Binance & Complete Tasks to Earn up to 5.5 USDT in Rewards
In addition, new users who sign up with Binance via the Activity page may click on the [Go] button and complete any of the following task(s) during the Activity Period to get up to 5.5 USDT in rewards. Rewards are limited and will be distributed on a first-come, first-served basis.
TaskTask DetailsReward per Completed Task1Open any ten unique Binance Square links while being logged in to your Binance account.Up to 0.5 USDT2Complete a trade of at least $100 equivalent on Spot, Futures, Margin, Options, or Convert.5 USDT
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts, and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing usersâ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked QuestionsBinance Square Creator Academy
Terms & Conditions
This Activity may not be available in your region. The rewards for both Activities are distributed on a first come, first-served basis, with limited redemptions available.Users may qualify for rewards from both Activities where applicable. The rewards for both Activities are not mutually exclusive.There will be caps imposed on the amount of rewards available to eligible users per country/region.Users must be logged in to their verified Binance accounts while completing tasks during the Activity Period in order to qualify for any rewards from Activity 1 and/or Activity 2.Activity 1:Users may only receive a maximum of one Crypto Red Packet reward from each unique referral. Please note that users may redeem multiple Crypto Red Packet rewards from different unique referrals within the same day.Crypto Red Packets will be distributed to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends.Activity 2:Only new users who register with Binance via this activity page will be eligible to participate in Activity 2. Rewards for Task 1 will be distributed in the form of Crypto Red Packets to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends.Rewards for Task 2 will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Token vouchers will expire by 2024-07-30 09:00 (UTC). Learn how to redeem a voucher.Illegally bulk-registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a userâs eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-05-23
ETFvsBTC
The arrival of Bitcoin ETFs in the US has created a new avenue for cryptocurrency investment. But for new users, the question arises: which is better, buying Bitcoin directly or through an ETF? Let's delve into the pros and cons of each approach.
Direct Bitcoin Purchases:
Pros:
âą Ownership and Control: You directly own the Bitcoin, giving you control over its storage and potential transfer to other wallets.
âą Potentially Higher Returns: Historically, Bitcoin has offered high returns, although
Direct Bitcoin Purchases:
Pros:
âą Ownership and Control: You directly own the Bitcoin, giving you control over its storage and potential transfer to other wallets.
âą Potentially Higher Returns: Historically, Bitcoin has offered high returns, although
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Binance News
--
Major Outflow Predicted for Bitcoin Spot ETFs Following US Stock Market Open on April 15
According to an analysis from Ember Monitoring, a substantial net outflow of approximately 824 BTC is expected from Bitcoin spot ETF custody addresses following the opening of the U.S. stock market on April 15.
Reportedly, on-chain analytics point to a net outflow of $83.45 million from BTC spot ETFs in five days this week, aligning with the retracement of Bitcoin's price from $72,000 to $67,000 presenting a correction rate of 7%.
On April 12 alone, eleven BTC spot ETFs saw a net outflow of $55.06 million, underscoring the expected movement of 824 BTC from the ETF custody address post the U.S. stock market opening on April 15.
Specifically, Grayscale (GBTC) experienced an outflow of approximately 2,486 BTC, equating to an outflow of $166.21 million on April 12. In contrast, BlackRock's Bitcoin ETF (IBIT) posted an inflow of circa 1,662 BTC, translating to an inflow of $111.15 million on the same day.
Currently, the combined holdings of the eleven BTC spot ETFs amount to 841,806 BTC, valued at around $56.29 billion. The expected outflow could influence market dynamics and is a development to closely watch.
Reportedly, on-chain analytics point to a net outflow of $83.45 million from BTC spot ETFs in five days this week, aligning with the retracement of Bitcoin's price from $72,000 to $67,000 presenting a correction rate of 7%.
On April 12 alone, eleven BTC spot ETFs saw a net outflow of $55.06 million, underscoring the expected movement of 824 BTC from the ETF custody address post the U.S. stock market opening on April 15.
Specifically, Grayscale (GBTC) experienced an outflow of approximately 2,486 BTC, equating to an outflow of $166.21 million on April 12. In contrast, BlackRock's Bitcoin ETF (IBIT) posted an inflow of circa 1,662 BTC, translating to an inflow of $111.15 million on the same day.
Currently, the combined holdings of the eleven BTC spot ETFs amount to 841,806 BTC, valued at around $56.29 billion. The expected outflow could influence market dynamics and is a development to closely watch.
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Binance News
--
Blockchain Investment Research Institution Announces Closure Of All Chinese Operations
According to PANews, the blockchain investment research institution, First Class Warehouse, has announced the closure of all its Chinese operations. The decision was made due to changes in policy and perennial financial deficits. The company is now seeking to develop overseas. Subscribers who had subscribed before March 29, 2024, and are still within their subscription period, can apply for a refund through the official website. The decision to completely withdraw from the Chinese market was made reluctantly due to changes in policy and perennial financial deficits. The company is now seeking to develop overseas.
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#HalvingWithBinance
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LIVE
Binance Announcement
--
Eid al-Fitr Special: Collect Icon Cards Now to Get Up to 10 FDUSD in Token Voucher!
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
To celebrate Eid al-Fitr, Binance is giving away a total of 30,000 FDUSD in token vouchers. Selected users will be eligible to participate in this activity. Join the activity now to collect icon cards and grab a share of the total prize pool!
Activity Period: 2024-04-10 06:00 (UTC) - 2024-04-16 05:59 (UTC)
During the activity period, all eligible users will receive one of the three unique icon cards each time they complete a task below. Users who collect a complete set of the three unique icon cards will be able to generate the âJoyful Eidâ card, and qualify for a share of the overall prize pool.
How to Win:
Go to the activity page and complete any of the following tasks to collect icon cards during the activity period. Users can complete each task multiple times.Make a deposit of at least 50 USDT equivalent via Binance P2P.Complete a trade (buy or sell) of at least $100 equivalent across the qualified spot trading pairs:BTC: BTC/FDUSD, BTC/USDTBNB: BNB/FDUSD, BNB/USDTETH: ETH/FDUSD, ETH/USDTGenerate the âJoyful Eidâ card upon collecting all three unique icon cards.
Tip: To complete your collection more quickly, share the icon cards you need on social media, and exchange your extra icon cards with your friends!
Rewards Structure:
All users who successfully unlock the âJoyful Eidâ card and complete at least one task during the activity period will be qualified to receive a share of 30,000 FDUSD in token vouchers. Rewards will be shared based on the number of icon cards collected by each qualified user as a proportion of the total number of icon cards collected by all qualified users.Rewards Calculation: The reward for each qualified user = (The number of icon cards collected by the user / Total number of icon cards collected by all qualified users) * 30,000 FDUSD in token vouchers.Please note that the reward per qualified participant is capped at 10 FDUSD in token voucher.
Join the Activity Now!
Terms & Conditions:
This activity may not be available in your region. Only selected verified users who receive communications from Binance on this activity and/or are able to view the activity page will be eligible to participate in the activity. Only qualified participants who unlock the âJoyful Eidâ card, and complete at least one task during the activity period will be qualified to receive rewards.These terms and conditions (âActivity Termsâ) govern usersâ participation in this Collect & Win Activity (âActivityâ). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy; all of which are incorporated by reference into these terms and conditions. In case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by theâŻfollowing in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy.Token voucher rewards will be distributed within two weeks after the activity ends. Users will be able to redeem their voucher rewards via Profile > Rewards Hub.Token voucher rewards are valid for 14 days from the day of distribution. Learn how to redeem a token voucher.Users will only receive rewards if all three (3) unique icon cards are collected to unlock the âJoyful Eidâ card. Any other combination will not be eligible for rewards.Users are able to exchange their icon cards with other users without any limits. These exchanges can be completed at any time of the day. Binance does not condone the buying or selling of icon cards amongst users. Any losses incurred from this will not be Binanceâs responsibility.Each sub-account will not be viewed as an independent account when participating in this activity.Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk account registrations, as well as trades that display attributes of self-dealing or market manipulation.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-04-10
Fellow Binancians,
To celebrate Eid al-Fitr, Binance is giving away a total of 30,000 FDUSD in token vouchers. Selected users will be eligible to participate in this activity. Join the activity now to collect icon cards and grab a share of the total prize pool!
Activity Period: 2024-04-10 06:00 (UTC) - 2024-04-16 05:59 (UTC)
During the activity period, all eligible users will receive one of the three unique icon cards each time they complete a task below. Users who collect a complete set of the three unique icon cards will be able to generate the âJoyful Eidâ card, and qualify for a share of the overall prize pool.
How to Win:
Go to the activity page and complete any of the following tasks to collect icon cards during the activity period. Users can complete each task multiple times.Make a deposit of at least 50 USDT equivalent via Binance P2P.Complete a trade (buy or sell) of at least $100 equivalent across the qualified spot trading pairs:BTC: BTC/FDUSD, BTC/USDTBNB: BNB/FDUSD, BNB/USDTETH: ETH/FDUSD, ETH/USDTGenerate the âJoyful Eidâ card upon collecting all three unique icon cards.
Tip: To complete your collection more quickly, share the icon cards you need on social media, and exchange your extra icon cards with your friends!
Rewards Structure:
All users who successfully unlock the âJoyful Eidâ card and complete at least one task during the activity period will be qualified to receive a share of 30,000 FDUSD in token vouchers. Rewards will be shared based on the number of icon cards collected by each qualified user as a proportion of the total number of icon cards collected by all qualified users.Rewards Calculation: The reward for each qualified user = (The number of icon cards collected by the user / Total number of icon cards collected by all qualified users) * 30,000 FDUSD in token vouchers.Please note that the reward per qualified participant is capped at 10 FDUSD in token voucher.
Join the Activity Now!
Terms & Conditions:
This activity may not be available in your region. Only selected verified users who receive communications from Binance on this activity and/or are able to view the activity page will be eligible to participate in the activity. Only qualified participants who unlock the âJoyful Eidâ card, and complete at least one task during the activity period will be qualified to receive rewards.These terms and conditions (âActivity Termsâ) govern usersâ participation in this Collect & Win Activity (âActivityâ). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy; all of which are incorporated by reference into these terms and conditions. In case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by theâŻfollowing in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy.Token voucher rewards will be distributed within two weeks after the activity ends. Users will be able to redeem their voucher rewards via Profile > Rewards Hub.Token voucher rewards are valid for 14 days from the day of distribution. Learn how to redeem a token voucher.Users will only receive rewards if all three (3) unique icon cards are collected to unlock the âJoyful Eidâ card. Any other combination will not be eligible for rewards.Users are able to exchange their icon cards with other users without any limits. These exchanges can be completed at any time of the day. Binance does not condone the buying or selling of icon cards amongst users. Any losses incurred from this will not be Binanceâs responsibility.Each sub-account will not be viewed as an independent account when participating in this activity.Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk account registrations, as well as trades that display attributes of self-dealing or market manipulation.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-04-10
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LIVE
Binance Announcement
--
Binance Square: Share Binance Square Links & Complete Tasks to Unlock Over $35,000 Worth of Rewards!
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Square is pleased to introduce a new âShare to Winâ activity, where verified users may participate in to share over $35,000 worth of rewards.
Activity Period: 2024-04-08 09:00 (UTC) to 2024-04-15 09:00 (UTC)
Activity 1: Share Binance Square Links With Your Referrals to Get Up to 5 USDT in Crypto Red Packet
To participate in this Activity, verified Binance users may login to their Binance accounts and share any Binance Square link(s) with their friends during the Activity Period.
Verified new referrals who sign up with Binance after opening the userâs Binance Square link(s), as well as verified existing referrals who are logged in to their Binance accounts, will unlock Crypto Red Packet(s) worth up to 0.5 USDT each for both themselves and their corresponding referrer upon clicking on the shared Binance Square link(s). Rewards are limited, and will be distributed on a first-come, first-served basis.
Please note that each referrer may claim a maximum of one Crypto Red Packet reward per referral via the Binance App during the Activity Period, and up to ten Crypto Red Packets (i.e., a maximum of 5 USDT in Crypto Red Packet) from this Activity.
Tip: Users may unlock Crypto Red Packets containing greater rewards by ensuring that their friends sign up with Binance after opening the Binance Square link(s) sent and complete account verification.
Activity 2: New Users Only - Sign Up With Binance & Complete Tasks to Earn Up to 5.5 USDT in Rewards
In addition, new users who sign up with Binance via the activity page may click on the [Go] button on the page and complete any of the following task(s) during the Activity Period, to get up to 5.5 USDT in rewards. Rewards are limited, and will be distributed on a first-come, first-served basis.
S/NTask DetailsReward per Completed Task1Click into any ten unique Binance Square links while being logged in to your Binance accounts.Up to 0.5 USDT2Complete a trade of at least $100 equivalent on Spot, Futures, Margin, Options or Convert.5 USDT
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts, and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing usersâ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked QuestionsBinance Square Creator Academy
Terms & Conditions
This activity may not be available in your region. The rewards for both Activities are distributed on a first come, first-served basis, with limited redemptions available.Users may qualify for rewards from both Activities where applicable. The rewards for both Activities are not mutually exclusive.There will be caps imposed on the amount of rewards available to eligible users per country/region.Users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order to qualify for any rewards from Activity 1 and/or Activity 2.Activity 1:Users may only receive a maximum of one Crypto Red Packet reward from each unique referral. Please note that users may redeem multiple Crypto Red Packet rewards from different unique referrals within the same day.Crypto Red Packets will be distributed to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends.Activity 2:Only new users who register with Binance via this activity page will be eligible to participate in Activity 2. Rewards for Task 1 will be distributed in the form of Crypto Red Packets to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends.Rewards for Task 2 will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Token vouchers will expire by 2024-05-15 09:00 (UTC). Learn how to redeem a voucher.Illegally bulk-registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a userâs eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-04-08
Fellow Binancians,
Binance Square is pleased to introduce a new âShare to Winâ activity, where verified users may participate in to share over $35,000 worth of rewards.
Activity Period: 2024-04-08 09:00 (UTC) to 2024-04-15 09:00 (UTC)
Activity 1: Share Binance Square Links With Your Referrals to Get Up to 5 USDT in Crypto Red Packet
To participate in this Activity, verified Binance users may login to their Binance accounts and share any Binance Square link(s) with their friends during the Activity Period.
Verified new referrals who sign up with Binance after opening the userâs Binance Square link(s), as well as verified existing referrals who are logged in to their Binance accounts, will unlock Crypto Red Packet(s) worth up to 0.5 USDT each for both themselves and their corresponding referrer upon clicking on the shared Binance Square link(s). Rewards are limited, and will be distributed on a first-come, first-served basis.
Please note that each referrer may claim a maximum of one Crypto Red Packet reward per referral via the Binance App during the Activity Period, and up to ten Crypto Red Packets (i.e., a maximum of 5 USDT in Crypto Red Packet) from this Activity.
Tip: Users may unlock Crypto Red Packets containing greater rewards by ensuring that their friends sign up with Binance after opening the Binance Square link(s) sent and complete account verification.
Activity 2: New Users Only - Sign Up With Binance & Complete Tasks to Earn Up to 5.5 USDT in Rewards
In addition, new users who sign up with Binance via the activity page may click on the [Go] button on the page and complete any of the following task(s) during the Activity Period, to get up to 5.5 USDT in rewards. Rewards are limited, and will be distributed on a first-come, first-served basis.
S/NTask DetailsReward per Completed Task1Click into any ten unique Binance Square links while being logged in to your Binance accounts.Up to 0.5 USDT2Complete a trade of at least $100 equivalent on Spot, Futures, Margin, Options or Convert.5 USDT
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts, and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing usersâ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked QuestionsBinance Square Creator Academy
Terms & Conditions
This activity may not be available in your region. The rewards for both Activities are distributed on a first come, first-served basis, with limited redemptions available.Users may qualify for rewards from both Activities where applicable. The rewards for both Activities are not mutually exclusive.There will be caps imposed on the amount of rewards available to eligible users per country/region.Users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order to qualify for any rewards from Activity 1 and/or Activity 2.Activity 1:Users may only receive a maximum of one Crypto Red Packet reward from each unique referral. Please note that users may redeem multiple Crypto Red Packet rewards from different unique referrals within the same day.Crypto Red Packets will be distributed to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends.Activity 2:Only new users who register with Binance via this activity page will be eligible to participate in Activity 2. Rewards for Task 1 will be distributed in the form of Crypto Red Packets to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends.Rewards for Task 2 will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Token vouchers will expire by 2024-05-15 09:00 (UTC). Learn how to redeem a voucher.Illegally bulk-registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a userâs eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-04-08
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