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GT Radar Radar Weekly Report 10/2: The black swan of the Israel-Iraq war reappeared, US stocks and cryptocurrencies plummeted
Market Analysis – The Black Swan of the Iraq War reappears, US stocks and cryptocurrencies plummet
Affected by Iran's launch of hundreds of missiles in retaliation against Israel yesterday evening, Taiwan stocks, U.S. stocks and cryptocurrencies simultaneously fell sharply. BTC also fell by 3.98% yesterday, with the largest drop from the high of $66,000 at the end of September to about 8.7%. , the largest decline in the past month, and other altcoins also experienced declines of more than 5%. This wave of black swans has undoubtedly caused great harm to the market.
After this wave of decline, the famous fear and greed indicator immediately changed from greed to fear, which shows that the market is worried about the market outlook. Especially after the US Federal Reserve decided to cut interest rates by two points in September and Japan announced to maintain interest rates, the market can be said to be open. Celebrating the market, whether it is BTC, ETH spot ETFs or stablecoin issuance, they are moving in an optimistic direction. However, this wave of war between Israel and Iraq has made the market worry about whether the scale of the subsequent war will continue to expand. When yesterday's incident occurred, we judged that Some positions will also be closed urgently to prevent excessive losses caused by uncontrollable subsequent events. The entry will be re-evaluated after the follow-up of the event is more certain.
Affected by Iran's launch of hundreds of missiles in retaliation against Israel yesterday evening, Taiwan stocks, U.S. stocks and cryptocurrencies simultaneously fell sharply. BTC also fell by 3.98% yesterday, with the largest drop from the high of $66,000 at the end of September to about 8.7%. , the largest decline in the past month, and other altcoins also experienced declines of more than 5%. This wave of black swans has undoubtedly caused great harm to the market.
After this wave of decline, the famous fear and greed indicator immediately changed from greed to fear, which shows that the market is worried about the market outlook. Especially after the US Federal Reserve decided to cut interest rates by two points in September and Japan announced to maintain interest rates, the market can be said to be open. Celebrating the market, whether it is BTC, ETH spot ETFs or stablecoin issuance, they are moving in an optimistic direction. However, this wave of war between Israel and Iraq has made the market worry about whether the scale of the subsequent war will continue to expand. When yesterday's incident occurred, we judged that Some positions will also be closed urgently to prevent excessive losses caused by uncontrollable subsequent events. The entry will be re-evaluated after the follow-up of the event is more certain.
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Iran’s missiles triggered panic, and U.S. Bitcoin ETF’s net inflows were interrupted for eight consecutive days
Spot Bitcoin exchange-traded funds (ETFs) in the United States saw outflows of $242.53 million on Tuesday, recording their largest single-day net outflows since September 3 and ending an eight-day streak of net inflows.
Bitcoin interrupts continuous net inflows
Fidelity’s FBTC spot Bitcoin ETF saw the largest outflows at $144.67 million, according to SoSoValue data. ARKB, co-launched by Ark and 21Shares, was next with $84.35 million in net outflows, the fund's largest outflow since Aug. 27. Bitwise’s BITB also saw a net outflow of $32.7 million, while VanEck reported a net outflow of $15.75 million. Grayscale’s GBTC, the second-largest spot Bitcoin ETF by net asset value, saw a net outflow of $5.9 million.
Bitcoin interrupts continuous net inflows
Fidelity’s FBTC spot Bitcoin ETF saw the largest outflows at $144.67 million, according to SoSoValue data. ARKB, co-launched by Ark and 21Shares, was next with $84.35 million in net outflows, the fund's largest outflow since Aug. 27. Bitwise’s BITB also saw a net outflow of $32.7 million, while VanEck reported a net outflow of $15.75 million. Grayscale’s GBTC, the second-largest spot Bitcoin ETF by net asset value, saw a net outflow of $5.9 million.
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Robust Digital Assets joins hands with CoinDesk Indices to launch "WinCan CoinDesk 20 Active Management Strategy"
WinCan Digital Assets PE Fund, Taiwan's leading financial technology company, today announced its cooperation with CoinDesk Indices, the leading digital asset index provider since 2014, to launch the "WinCan CoinDesk 20 Active Management Strategy" to attract institutional market participants has attracted strong attention and is now officially open to Taiwanese investors. This is also CoinDesk Indices’ first partner in the Taiwan market.
Since 2018, Winner Digital Assets has been committed to using emerging blockchain technology to provide customers with high-quality asset management and investment services. The new product launched this time aims to provide more flexible and efficient cryptocurrency investment to help investors achieve stable long-term returns.
Since 2018, Winner Digital Assets has been committed to using emerging blockchain technology to provide customers with high-quality asset management and investment services. The new product launched this time aims to provide more flexible and efficient cryptocurrency investment to help investors achieve stable long-term returns.
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An Ethereum ICO ancient whale sold off 15,000 ETH again, worth more than $38 million
According to data monitored by on-chain data analyst @ai\_9684xtpa, an "ancient whale" who participated in the 2014 Ethereum Initial Coin Offering (ICO) seems to be selling Ethereum (ETH) again. It sold 15,000 ETH in the past two days. ETH was transferred to the exchange address in batches, worth approximately $3,807.
According to @ai\_9684xtpa, the whale obtained 150,000 ETH at an average price of $0.31 in 2015 and subsequently distributed it to multiple addresses. In June this year, it transferred 10,000 ETH to the exchange. In late September, the whale began to frequently transfer ETH out. It seems that it has sold 30,000 ETH since September 22, worth US$77.4 million. The average selling price is approximately US$2,580. It currently holds 45,000 ETH.
According to @ai\_9684xtpa, the whale obtained 150,000 ETH at an average price of $0.31 in 2015 and subsequently distributed it to multiple addresses. In June this year, it transferred 10,000 ETH to the exchange. In late September, the whale began to frequently transfer ETH out. It seems that it has sold 30,000 ETH since September 22, worth US$77.4 million. The average selling price is approximately US$2,580. It currently holds 45,000 ETH.
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Multicoin Capital Managing Partner: The market is still in a "hangover" state from the last bull market
Tushar Jain, managing partner of Multicoin Capital, recently held a discussion with Fortune magazine reporter Leo Schwartz at the Mainnet Conference hosted by Messari. He said that the crypto venture capital field has not yet fully realized the real-life impact of the last market decline.
According to The Block, Tushar Jain said on stage:
“I think the market still has a bit of a ‘hangover’ to digest. This is true across the venture capital space – not just in crypto – with a lot of money pouring into venture capital as an asset class in 2021 and 2022 , and many people have not yet faced reality and accepted the current situation.”
According to The Block, Tushar Jain said on stage:
“I think the market still has a bit of a ‘hangover’ to digest. This is true across the venture capital space – not just in crypto – with a lot of money pouring into venture capital as an asset class in 2021 and 2022 , and many people have not yet faced reality and accepted the current situation.”
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Bitwise submits XRP ETF application, which may pave the way for future listing
Bitwise XRP ETF application emerges
According to Cointelegraph, an application for a Bitwise XRP exchange-traded fund (ETF) recently appeared on the Delaware Division of Corporations website. According to the filing, the Bitwise XRP ETF was incorporated on September 30, 2024, and the registered agent is CSC Delaware Trust Company in Wilmington, Delaware.
It should be noted that the filing of this application in Delaware does not mean that a registration application has been filed with the U.S. Securities and Exchange Commission (SEC). This may just be an early preparation for future ETF launches, and it may be closer to the formal filing of an SEC application. It will take several months.
According to Cointelegraph, an application for a Bitwise XRP exchange-traded fund (ETF) recently appeared on the Delaware Division of Corporations website. According to the filing, the Bitwise XRP ETF was incorporated on September 30, 2024, and the registered agent is CSC Delaware Trust Company in Wilmington, Delaware.
It should be noted that the filing of this application in Delaware does not mean that a registration application has been filed with the U.S. Securities and Exchange Commission (SEC). This may just be an early preparation for future ETF launches, and it may be closer to the formal filing of an SEC application. It will take several months.
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TON I don’t want to live! The average price of TON ecological tokens dropped by more than 40% after being listed on Binance
Binance Exchange has listed a number of TON ecological tokens since August. However, the price performance of all tokens after their listing was not satisfactory. According to Binance trading data, DOGS fell 42%, CATI fell 47%, and HMSTR fell 43.8% based on the closing price 1 hour after the token was listed. And except for DOGS, which once broke through the closing price and had a small climax, CATI and HMSTR both fell all the way.
In addition, the TON token itself has fallen by about 11.3% since it was listed on Binance.
(This article is reproduced from GT Radar with permission)
About GT Radar
GT Radar focuses on building a quantitative investment portfolio with long-term and stable growth, and has more than 10 years of quantitative trading experience in the stock market and cryptocurrency. The trading system integrates more than 150 strategies and is designed to provide extremely high adaptability and flexibility to ensure the most robust way to obtain profits from the market.
In addition, the TON token itself has fallen by about 11.3% since it was listed on Binance.
(This article is reproduced from GT Radar with permission)
About GT Radar
GT Radar focuses on building a quantitative investment portfolio with long-term and stable growth, and has more than 10 years of quantitative trading experience in the stock market and cryptocurrency. The trading system integrates more than 150 strategies and is designed to provide extremely high adaptability and flexibility to ensure the most robust way to obtain profits from the market.
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Binance completes registration in Argentina, reaching 20th global regulatory milestone
Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, announced that it has been included in the Virtual Asset Service Provider (VASP) directory of Argentina’s National Securities Commission (CNV), symbolizing Binance’s 20th global regulatory milestone. .
Binance’s registration with CNV highlights the company’s commitment to compliance in Argentina and globally, with the goal of promoting the growth and development of the crypto industry in a safe and sustainable manner. This news follows Binance’s regulatory wins in multiple regions including India, Kazakhstan, and Indonesia, demonstrating its continued global momentum, and is newly listed in jurisdictions where it has previously obtained licenses, registrations, and authorizations, such as Dubai. , France, Japan, El Salvador, etc.
Binance’s registration with CNV highlights the company’s commitment to compliance in Argentina and globally, with the goal of promoting the growth and development of the crypto industry in a safe and sustainable manner. This news follows Binance’s regulatory wins in multiple regions including India, Kazakhstan, and Indonesia, demonstrating its continued global momentum, and is newly listed in jurisdictions where it has previously obtained licenses, registrations, and authorizations, such as Dubai. , France, Japan, El Salvador, etc.
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The Financial Supervisory Commission has announced that the "VASP registration system" is about to be launched, and all those who have completed the legal compliance statement will cancel the practice!
According to the latest announcement issued by the Financial Supervisory Commission, the regulatory agency previewed the draft specifications and requirements for the "Money Laundering Prevention Registration Measures for Enterprises or Personnel Providing Virtual Asset Services", as well as the "Virtual Currency Platforms and Trading Business Enterprises to Prevent Money Laundering and Combat Financing Terrorism" Amendments and implementation details of relevant laws and regulations.
Draft VASP Registration Measures
The draft VASP registration method contains the following four key points:
(1) Business categories and branch registration system of virtual asset service providers: Virtual asset service providers should handle money laundering separately according to the business categories they operate, including virtual asset exchangers, trading platforms, transfer providers, custodians and underwriters Prevention registration (Articles 2 and 3).
Draft VASP Registration Measures
The draft VASP registration method contains the following four key points:
(1) Business categories and branch registration system of virtual asset service providers: Virtual asset service providers should handle money laundering separately according to the business categories they operate, including virtual asset exchangers, trading platforms, transfer providers, custodians and underwriters Prevention registration (Articles 2 and 3).
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Japan’s new Prime Minister Shigeru Ishiba appoints the Liberal Democratic Party’s Web3 project chairman as a digital minister
According to Japanese media Coinpost, Japan’s new Prime Minister Shigeru Ishiba determined the cabinet personnel transfer policy on the 29th and plans to appoint Taira Masaaki, chairman of the Liberal Democratic Party’s Web3 project team, as the new digital minister.
Masaaki Taira was first elected to the House of Representatives in Tokyo’s 4th Ward in 2005. He has served successively as Deputy Minister of the Cabinet Office, Minister of Economy, Trade and Industry, and as the head of a related project team in the field of AI (artificial intelligence). He has long been considered a member of the Ishiba sect and has deep experience in the digital field.
The Web3 project team chaired by Representative Hirai held a meeting in April this year jointly with the "Digital Society Promotion Headquarters" led by the first Digital Minister Takuya Hirai, and re-wrote a new white paper on guidelines. With the vision of "Japan becoming the center of the web3 era", this white paper looks forward to a future where new technologies will become the foundation of society, lists the core issues that need to be addressed to promote Web3, and provides in-depth discussions and suggestions for its further development.
Masaaki Taira was first elected to the House of Representatives in Tokyo’s 4th Ward in 2005. He has served successively as Deputy Minister of the Cabinet Office, Minister of Economy, Trade and Industry, and as the head of a related project team in the field of AI (artificial intelligence). He has long been considered a member of the Ishiba sect and has deep experience in the digital field.
The Web3 project team chaired by Representative Hirai held a meeting in April this year jointly with the "Digital Society Promotion Headquarters" led by the first Digital Minister Takuya Hirai, and re-wrote a new white paper on guidelines. With the vision of "Japan becoming the center of the web3 era", this white paper looks forward to a future where new technologies will become the foundation of society, lists the core issues that need to be addressed to promote Web3, and provides in-depth discussions and suggestions for its further development.
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Ethereum staking returns may exceed U.S. bond interest rates! Analyst: “Double benefits” will drive ETH up
Experts say Ethereum staking returns are expected to exceed U.S. interest rates in the coming year, a shift that could prompt investors to pursue higher yields, driving up Ethereum prices. Market dynamics are expected to narrow the gap between Ethereum staking yields and traditional risk-free yields in the coming quarters due to falling interest rates and increasing transaction fees on the Ethereum network.
The spread between Ethereum’s synthetic staking rate and the U.S. effective federal funds rate has remained negative since mid-2023. However, two key factors could push spreads into positive territory by mid-2025, creating a “double positive effect,” according to a report from cryptocurrency trading and institutional brokerage firm FalconX.
The spread between Ethereum’s synthetic staking rate and the U.S. effective federal funds rate has remained negative since mid-2023. However, two key factors could push spreads into positive territory by mid-2025, creating a “double positive effect,” according to a report from cryptocurrency trading and institutional brokerage firm FalconX.
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Federal Reserve Chairman Powell predicts that interest rates will be cut by 50 basis points before the end of the year. Major cuts will not be repeated again.
Federal Reserve Chairman Jerome Powell said today at a conference hosted by the National Association for Business Economics that the U.S. labor market remains solid despite a gradual slowdown in inflation. He also hinted that there may not be a significant rate cut this month at the Fed's next two meetings.
Powell said during the question-and-answer session:
"This is not a committee rushing to cut rates quickly. Ultimately, we will be guided by incoming data."
The U.S. central bank began its long-awaited easing policy earlier this month, cutting its benchmark interest rate for the first time in four years. The first major rate cut of 50 basis points was seen as a major move after holding rates at two-decade highs for more than a year.
Powell said during the question-and-answer session:
"This is not a committee rushing to cut rates quickly. Ultimately, we will be guided by incoming data."
The U.S. central bank began its long-awaited easing policy earlier this month, cutting its benchmark interest rate for the first time in four years. The first major rate cut of 50 basis points was seen as a major move after holding rates at two-decade highs for more than a year.
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The market is paying attention to Ball’s speech and non-farm payrolls data this week, which may affect the trend of cryptocurrency.
Cryptocurrency markets gave back some of last week's gains in early Asian trade on Monday, with analysts noting that gains in both Bitcoin and Ethereum have weakened. Investors are paying attention to an upcoming speech by U.S. Federal Reserve Chairman Jerome Powell and U.S. labor market data to be released on Friday, both of which may have an impact on the market.
Bitcoin (BTC) price fell 2.09% in the past 24 hours to around $64,403, according to The Block data. On Friday, Bitcoin rose to nearly $66,500, its highest level since late July, following weaker-than-expected personal consumption expenditures (PCE) data. China also announced a series of strong stimulus measures last week to revive its economy.
Bitcoin (BTC) price fell 2.09% in the past 24 hours to around $64,403, according to The Block data. On Friday, Bitcoin rose to nearly $66,500, its highest level since late July, following weaker-than-expected personal consumption expenditures (PCE) data. China also announced a series of strong stimulus measures last week to revive its economy.
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Social media calls for SOL to watch 1,000 mg! KOL: Can the selling pressure of 100 million magnesium per day be enough?
Many institutions and KOLs will publicly share their personal favorite currencies and target prices on social platforms. Solana, as the smart contract public chain second only to Ethereum, naturally has many supporters and bidders, most of whom share target prices ranging from US$300 to US$1,000.
However, according to data shared by KOL Evanss6, based on current market prices, Solana will unlock $11.74 million worth of SOL tokens every day in the future.
If Solana rose to $300, it would unlock $22.44 million per day.
However, according to data shared by KOL Evanss6, based on current market prices, Solana will unlock $11.74 million worth of SOL tokens every day in the future.
If Solana rose to $300, it would unlock $22.44 million per day.
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South Korea’s $30 trillion pension fund holds Coinbase and MicroStrategy stocks; urgent clarification: It’s not because of cryptocurrencies!
When South Korea's private pension fund "National Pension Service" (NPS), with an asset management scale of 1,147 trillion won (approximately NT$30 trillion), was questioned recently, it was asked about the "scale and proportion of indirect investment in virtual assets."
According to Korean media reports, the National Pension Service of South Korea invested in the Coinbase exchange and holds a large amount of Bitcoin-related IT company MicroStrategy and other cryptocurrency-related stocks.
However, in response to this matter, the public organization emphasized to National Power Party MP Bai Zongxian that this move was "not for the purpose of investing in virtual assets" and stated that "cryptocurrencies such as Bitcoin are not investment targets." The company explained that these stocks were included in the portfolio only because they were included in the benchmark index.
According to Korean media reports, the National Pension Service of South Korea invested in the Coinbase exchange and holds a large amount of Bitcoin-related IT company MicroStrategy and other cryptocurrency-related stocks.
However, in response to this matter, the public organization emphasized to National Power Party MP Bai Zongxian that this move was "not for the purpose of investing in virtual assets" and stated that "cryptocurrencies such as Bitcoin are not investment targets." The company explained that these stocks were included in the portfolio only because they were included in the benchmark index.
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BingX Charity and Cetacean Conservation Association celebrate the achievements and prospects of marine conservation
As a charity affiliated with the world's leading cryptocurrency exchange, BingX Charity shared a review of the achievements of its partnership with Whale and Dolphin Conservation (WDC). This collaboration, which begins in 2023, is part of BingX's commitment to environmental sustainability and social responsibility, striving to infiltrate the concept of innovative protection into various industries. WDC is committed to improving the living environment of marine life represented by whales and dolphins through impactful activities and strategic initiatives.
In 2023, the WDC launched the Don’t Go to the Show initiative to raise UK visitors’ understanding of the animal ethics involved behind whale and dolphin captivity attractions. WDC has significantly increased public awareness through over 2 million exposures on social media by engaging with tourists at Bristol Airport. The organization also launched a peaceful protest in Germany against TUI (Europe’s largest tourism company), demanding that it stop promoting marine animal captivity attractions. In addition, the WDC collaborates with NGOs in the Caribbean and Mexico to tackle projects of the co-swimming experience with dolphins, emphasizing the animal ethics and environmental issues behind them, while conducting water quality testing of captive facilities. The WDC continues to work with travel agencies and cruise lines to cancel such projects and advocate responsible travel for tourists.
In 2023, the WDC launched the Don’t Go to the Show initiative to raise UK visitors’ understanding of the animal ethics involved behind whale and dolphin captivity attractions. WDC has significantly increased public awareness through over 2 million exposures on social media by engaging with tourists at Bristol Airport. The organization also launched a peaceful protest in Germany against TUI (Europe’s largest tourism company), demanding that it stop promoting marine animal captivity attractions. In addition, the WDC collaborates with NGOs in the Caribbean and Mexico to tackle projects of the co-swimming experience with dolphins, emphasizing the animal ethics and environmental issues behind them, while conducting water quality testing of captive facilities. The WDC continues to work with travel agencies and cruise lines to cancel such projects and advocate responsible travel for tourists.
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MTT Sports’ weekly competition has been fully upgraded and launched the “One Bitcoin Every Week” event
You heard it right! MTT Sports will launch a super crazy event in October - "One Bitcoin Every Week"! And this is a great opportunity open to all users for free. It really allows everyone to easily take home real money rewards in Web3!
Over the past week, the Token 2049 conference has captured the attention of the entire crypto industry. Although the market activity index is relatively low compared with last year, exhibitors' confidence in the future is still high. MTT Sports successfully became the focus of the exhibition with its eye-catching booth decoration and design that emphasized a competitive feel. As a platinum sponsor participating in the exhibition for the first time, MTT Sports easily attracted the attention of visitors with its prominent advertising space.
Over the past week, the Token 2049 conference has captured the attention of the entire crypto industry. Although the market activity index is relatively low compared with last year, exhibitors' confidence in the future is still high. MTT Sports successfully became the focus of the exhibition with its eye-catching booth decoration and design that emphasized a competitive feel. As a platinum sponsor participating in the exhibition for the first time, MTT Sports easily attracted the attention of visitors with its prominent advertising space.
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Bitcoin staking protocol Solv and Pendle jointly create the highest-yield BTC asset pool
Babylon LST (SolvBTC.BBN) launched by Bitcoin staking protocol Solv has been listed on Pendle and has become the highest-yielding BTC income pool on DeFiLlama. SolvBTC.BBN includes Babylon points and Solv points. Combined with the structured products provided by Pendle, users can earn higher leverage income or fixed income. Currently, liquidity providers (LPs) earn up to 60%, with fixed interest rates around 8%.
SolvBTC.BBN (Corn) on @pendle_fi now offers some of the highest BTC APYs in the market: 27.07% APY for LP-ing on Pendle, ranked#1for BTC yields on @Defillama. 7.75% Fixed APY for Pendle PTs, highest for any BTC PTs on Pendle.Betting on BTCFi? Solv.… https://t.co/98cNUysYKH pic.twitter.com/K1ImWcaGZE
SolvBTC.BBN (Corn) on @pendle_fi now offers some of the highest BTC APYs in the market: 27.07% APY for LP-ing on Pendle, ranked#1for BTC yields on @Defillama. 7.75% Fixed APY for Pendle PTs, highest for any BTC PTs on Pendle.Betting on BTCFi? Solv.… https://t.co/98cNUysYKH pic.twitter.com/K1ImWcaGZE
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The Financial Supervisory Commission opens the possibility of entrusting investment in overseas virtual asset ETFs! But only for “professional investors”
According to the latest announcement, the Financial Supervisory Commission has approved the opening of multiple entrustment investments in foreign virtual asset ETFs. However, considering the relatively high investment risks of virtual asset ETFs, and referring to the recommendations of the trade association, initially only "professional investors" will be allowed to invest in multiple entrustment methods. Foreign virtual asset ETFs will be observed and reviewed on a rolling basis in the future. The Financial Supervisory Commission wrote in the announcement:
"In order to provide investors with a variety of product options and enhance the momentum of our country's securities firms' entrustment business, the Financial Supervisory Commission (hereinafter referred to as the Financial Supervisory Commission (hereinafter referred to as the Financial Supervisory Commission) consulted the Securities Business Association of the Republic of China to reconsider the relatively high investment risks of foreign virtual asset ETFs). It is recommended that professional investors be allowed to invest in foreign virtual asset ETFs through re-entrustment.”
"In order to provide investors with a variety of product options and enhance the momentum of our country's securities firms' entrustment business, the Financial Supervisory Commission (hereinafter referred to as the Financial Supervisory Commission (hereinafter referred to as the Financial Supervisory Commission) consulted the Securities Business Association of the Republic of China to reconsider the relatively high investment risks of foreign virtual asset ETFs). It is recommended that professional investors be allowed to invest in foreign virtual asset ETFs through re-entrustment.”
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Coinbase report: Bitcoin set for strong fourth quarter, driven by U.S. interest rate cuts and Chinese stimulus policies
The institutional arm of the U.S. cryptocurrency exchange Coinbase emphasized its optimistic expectations for the cryptocurrency market in a report released last week, believing that driving factors such as U.S. interest rate cut expectations and China's monetary stimulus policy may boost Bitcoin (Bitcoin) in 2024. Season 4 performance. The exchange also mentioned that Ethereum’s on-chain activity is growing.
Coinbase Institutional’s new report, co-authored by David Duong, Head of Institutional Research, and David Han, Institutional Research Analyst, summarizes key insights from the “Token2049” and “Solana Breakpoint” conferences held in Singapore. They wrote:
Coinbase Institutional’s new report, co-authored by David Duong, Head of Institutional Research, and David Han, Institutional Research Analyst, summarizes key insights from the “Token2049” and “Solana Breakpoint” conferences held in Singapore. They wrote:
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BinanceTurns7
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#BinanceTurns7 Come celebrate 7 years of Binance with us to unlock digital badges and win some exclusive 7YA swag!
Task 1: Share Your Binance Birthday Wishes to Unlock the Basic 7YA Digital Badge
- Complete the setup of your Binance Square profile (e.g., username, profile, biography) and follow this account @Binance_Square_Official during the Activity Period.
- Comment on this Binance Square official post with your Binance birthday wishes, and ensure that your post includes the #BinanceTurns7 hashtag to unlock the basic 7YA digital badge.
Task 2: Post Your Favorite Binance Memories to Unlock the Upgraded 7YA Digital Badge & Binance 7YA Merch
- Users who successfully complete Task 1 may receive an upgraded version of the 7YA Digital Badge by sharing their fondest memories with Binance in a new Binance Square post that mentions the #BinanceTurns7 hashtag during the Activity Period.
- On top of that, the top seven participants with the highest total number of engagements (i.e., likes, shares, comments, quotes) for a qualified post in Task 2 during the Activity Period, will each receive one set of Binance 7YA merch.
Terms and conditions:
- 7YA digital badges will appear next to the profiles of qualified participants within four working days after the promotion ends.
- Winners of 7YA merch will be notified via a push notification under Creator Center > Square Assistant, within four weeks after the promotion ends.
- Users should complete the required instructions within the timeframe stipulated in the push notification to successfully receive merch rewards. Please note that winners should provide a valid shipping address, and will be responsible for any taxes, if applicable.
- No refunds or cash equivalent value of the rewards will be granted.
Activity Period: 2024-07-05 12:00 (UTC) to 2024-07-10 11:59 (UTC)
Binance Square Official
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