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💥 Binance Labs Announced It Invested in a New Altcoin, Price Reacted! Binance Labs, the venture capital and incubation arm of Binance, the world's largest cryptocurrency exchange, announced that it has invested in Aevo to Support the Future of L2 Blockchain Innovations. At this point, Binance Labs stated that it has invested in Aevo, a high-performance Layer 2 (L2) built on top of the OP Stack that allows continuous trading, pre-launch futures and options on the same platform. 💬 “Binance Labs invested in Aevo, a high-performance Layer 2 (L2) . Aevo is a decentralized derivatives clearing platform focusing on options and perpetual contracts. Year-to-date, Aevo has processed more than $80 billion in derivatives volume and generated more than $30 million in fees with an average of 50 thousand monthly active users (MAUs) on the platform. As part of the future roadmap, Aevo will launch vault strategies, yield products and Aevo staking.” 💬 We’ve invested in @Aevoxyz Aevo is a decentralized derivatives exchange platform, focused on options and perpetual contracts. #AEVO $AEVO

💥 Binance Labs Announced It Invested in a New Altcoin, Price Reacted!


Binance Labs, the venture capital and incubation arm of Binance, the world's largest cryptocurrency exchange, announced that it has invested in Aevo to Support the Future of L2 Blockchain Innovations.

At this point, Binance Labs stated that it has invested in Aevo, a high-performance Layer 2 (L2) built on top of the OP Stack that allows continuous trading, pre-launch futures and options on the same platform.

💬 “Binance Labs invested in Aevo, a high-performance Layer 2 (L2) .

Aevo is a decentralized derivatives clearing platform focusing on options and perpetual contracts.

Year-to-date, Aevo has processed more than $80 billion in derivatives volume and generated more than $30 million in fees with an average of 50 thousand monthly active users (MAUs) on the platform. As part of the future roadmap, Aevo will launch vault strategies, yield products and Aevo staking.”

💬 We’ve invested in @Aevo

Aevo is a decentralized derivatives exchange platform, focused on options and perpetual contracts.

#AEVO $AEVO

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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🔥 Arbitrum (ARB) Faces Potential $1 Price Drop as Investors Sell Arbitrum (ARB) price is at risk of falling due to its failure to break a critical resistance level. Whether the price drops further depends on whether investors decide to sell for profit or hold onto their investments. Arbitrum (ARB) price is currently vulnerable to a correction despite overall positive market signals. This vulnerability stems from ARB’s inability to surpass a crucial resistance level. The extent of any potential decline largely depends on whether investors choose to take profits. If investors refrain from selling off their holdings, it could prevent further price drops for ARB. 🔸 ARB Investors Positioned to Influence Price Amid Favorable Selling Conditions Arbitrum (ARB) faces potential price fluctuations driven by investor actions in the near future. The Market Value to Realized Value (MVRV) ratio, currently at 10% over 30 days, indicates profitable conditions that may prompt selling activities. Historically, ARB corrections typically occur when the MVRV ranges between 7% and 23%, marking this range as a critical zone for potential market shifts. Moreover, the Global In/Out of the Money (GIOM) indicator suggests that 1.64 billion ARB tokens, valued at over $1.8 billion, are approaching profitability. Purchased within the $1.06 to $1.16 range, ARB’s current price of $1.13 is nearing the threshold where these holdings will yield profits. 🔸 Arbitrum (ARB) Faces Critical Support and Resistance Levels Arbitrum (ARB) is currently trading at $1.13, encountering resistance at $1.26 after failing to surpass this level. The altcoin has found support at $1.10, a level that has proven resilient in previous tests. Maintaining above $1.10 could signal potential for recovery, while a drop below it could indicate bearish sentiment ahead. Considering the current market dynamics, there is a possibility of ARB declining below the $1.10 support level. Further selling pressure may push it down to $0.97, potentially jeopardizing ARB’s position above $1.00. $ARB #ARB #Arbitrum
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Former Binance CEO CZ Begins 4-Month Prison Sentence in California Binance founder Changpeng “CZ” Zhao has reported to a federal prison in California where he will spend the next four months for failing to implement an adequate know-your-customer (KYC) program at the world's largest cryptocurrency exchange. Zhao, a Canadian national, pleaded guilty to violating the Bank Secrecy Act (BSA) in November. In April, a federal judge sentenced CZ to four months in prison – a much shorter sentence than the three years federal prosecutors requested, but more than other crypto executives like former BitMex CEO Arthur Hayes received for the same crime. At a net worth of $36.5 billion, according to the Bloomberg Billionaires Index, Zhao is believed to be the richest person to ever go to prison in the U.S. In addition to his sentence, Zhao was also fined $50 million and agreed to step down as Binance’s CEO. Binance, which pleaded guilty to money laundering and sanctions violations at the same time as Zhao, settled the charges earlier this year with $4.3 billion in fines to various federal regulators and the appointment of an independent compliance monitor. Lompac II, where Zhao will serve his short sentence as inmate 88087-510, is a low-security prison in Santa Barbara County, on California’s central coast. According to the Bureau of Prisons’ records, there are currently 2,160 inmates at the facility. The conditions at the prison – where some inmates work on an adjacent farm, growing produce and working with cows and horses – are in stark contrast to the notoriously dangerous facility where former FTX CEO Sam Bankman-Fried, who got a 25-year prison sentence earlier this year, is currently being held in New York. #CZ #Changpeng
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📈 Bitcoin (BTC) Reclaims $70K. Here's Why The Bitcoin (BTC) price briefly reclaimed the $70,000 level following the release of the latest US macro data. This came after business activity in the US manufacturing sector unexpectedly slowed down in May. The ISM Manufacturing PMI experienced a decline to 48.7 compared to 49.2 that was recorded during the previous month. According to analyst Matt Weller, this could be another sign that the US economy could be experiencing downshifting in the second quarter. The drop in the #ISM manufacturing index in May adds to the sense that the economy is losing momentum .. driven by the new orders index falling to a 12-month low. London-based research provider Capital Economics has also noted that the US economy is likely losing momentum. "The drop in the #ISM manufacturing index in May adds to the sense that the economy is losing momentum .. driven by the new orders index falling to a 12-month low," it said. The recent macro data might prompt the U.S. Federal Reserve to speed up the pace of rate cuts. In the meantime, West Texas Intermediate Crude Oil (WTI) futures have now dropped to $75, the lowest level since Feb. 6. 🔸 A short-lived bounce? After briefly regaining the $70,000, Bitcoin has pared some recent gains. This might be due to renewed selling pressure. According to blockchain sleuth Lookonchain, four miners' addresses that had been dormant for over a decade transferred $7 million out shortly after the flagship cryptocurrency surpassed the much-coveted $70,000 level. $BTC #BTC #Bitcoin
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⭐️ Chainlink could solve today's NYSE stock market glitch as Berkshire Hathaway appears down 99% Trading on the New York Stock Exchange (NYSE) was abruptly halted today after Berkshire Hathaway’s Class A shares experienced a dramatic 99.97% drop in value. The equity last traded at $185.10, down from $627,214.90. The halt, coded as M, was triggered due to volatility, and the cause of the sudden decline remains unclear. In a related incident, a glitch at the NYSE operator caused volatility trading halts in about a dozen companies other companies, as reported by Bloomberg. This follows a recent pattern of technical issues affecting major exchanges. For instance, on March 18, the Nasdaq faced a three-hour disruption in premarket trading due to connectivity issues with its matching engine, as reported by the Bangkok Post. The DTCC is currently trialing using blockchain technology with Chainlink for faster settlements of mutual funds, but it seems the stock market may need blockchain more than it knew. Chainlink’s decentralized oracle network could address such issues by providing accurate and reliable data feeds. Chainlink utilizes multiple independent data providers to ensure data accuracy and tamper-proofing, reducing the risk of single points of failure common in centralized systems. This decentralized approach enhances security and reliability, which is crucial for trading systems where timely and accurate data is essential. Chainlink’s oracles aggregate data from various sources and use consensus mechanisms to validate information before it is fed into the blockchain. This process ensures data integrity, preventing manipulation or corruption. Additionally, Chainlink can provide real-time data verification, quickly identifying and correcting discrepancies to prevent erroneous trades and price swings. Smart contracts supported by Chainlink can automate responses to certain conditions, such as significant stock price deviations, by halting trading or triggering alerts. $LINK #LINK #Chainlink
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🦊 Shiba Inu (SHIB) Saved? Price Makes Unexpected Return Shiba Inu has made a substantial return to the market with a bounce off of the 50 EMA, which has been considered a strong support level for the asset. Luckily, SHIB did not let us down and performed the breakthrough many expected from it. However, there are numerous resistances ahead, so relying on a quick move up might not be the wisest decision. The blue line or 50-day EMA has served as a dependable level of support, giving SHIB the boost it needed to try a comeback. This rebound gives traders hope for a reversal and the confidence essential to stopping the larger decline that began more than a week ago. Another encouraging finding from the moving averages is that SHIB is currently trading above the 100-day EMA. Being above the 100 EMA, which frequently serves as a midterm trend indicator, may indicate that the overall trend is possibly turning more bullish. Still, the 50 day EMA is above the current price and may serve as a level of resistance in the near future. There has been an increase in trading activity during the recent price movements, as indicated by the trading volume bars. This surge in volume can indicate intense market interest and frequently follows notable price changes. But in order to overcome the current barriers and experience a prolonged upward trend, SHIB requires a steady high volume. Furthermore, the RSI displays a value of 50. There is potential for movement in either direction because SHIB appears to be in a neutral zone, neither overbought nor oversold. An increase toward 70 on the RSI may indicate overbought conditions. For now, SHIB is located in the middle and is unlikely to give us any kind of hint about the upcoming move. $SHIB #SHIB
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