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Vietnam Sets the Stage for Crypto Regulation: What Investors Need to Know
Vietnam is on the brink of a significant transformation in its approach to cryptocurrency. The government plans to roll out a comprehensive legal framework for digital assets by May 2025. This move signifies a shift from initial skepticism to a balanced stance that fosters technological innovation while ensuring financial security.
Key Regulatory Authorities in Vietnam
Understanding the main players in Vietnam's crypto regulation is crucial:
State Bank of Vietnam (SBV): Oversees monetary policies and manages banking operations. Currently, it prohibits the use of cryptocurrencies for payment transactions. Ministry of Finance: Handles tax policies and licensing for digital asset enterprises, aiming to introduce taxation measures for crypto assets. Ministry of Justice: Collaborates with other ministries to draft legal proposals, playing a pivotal role in defining cryptocurrency ownership rights.
A Look Back: Vietnam's Crypto Journey
Vietnam's stance on cryptocurrency has evolved over the years:
2017: The SBV banned the use of cryptocurrencies for legal payment transactions.2018: The State Securities Commission advised businesses against engaging in crypto-related activities.2019-2023: The focus shifted toward blockchain research, with less emphasis on public cryptocurrency usage.2024: The Ministry of Justice clarified that owning cryptocurrencies is not illegal, marking a move toward regulatory oversight rather than outright bans.
What the Upcoming Regulatory Framework Entails
The forthcoming regulations are set to introduce:
Licensing Requirements: Crypto businesses will need to register and obtain licenses, clearly defining authorized services. AML and KYC Compliance: Mandatory Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols for all crypto entities, extending the 2022 AML legislation to include crypto platforms.Taxation Policies: Potential introduction of capital gains tax on crypto transactions, addressing the current absence of official tax regulations for digital assets. Oversight of ICOs, STOs, and NFTs: While proposals are in place to monitor these activities, official regulations are yet to be established.
Current Legal Standing of Cryptocurrencies in Vietnam
As a Payment Method: Using cryptocurrencies for payments remains illegal.Ownership and Trading: Individuals can own and trade cryptocurrencies, but public activities involving these assets exist in a legal gray area. Crypto Mining: Permitted, provided operators adhere to national business regulations and register appropriately.
Conclusion
Vietnam's journey toward a structured crypto regulatory environment reflects its commitment to balancing innovation with financial security. For investors, businesses, and crypto enthusiasts, staying informed about these developments is vital to navigate the evolving landscape effectively.
#VietnamCrypto #CryptoRegulation #BlockchainVietnam
💡Stay Informed: Don’t miss out! Follow BTCRead on Binance Square for the latest updates and more.✅🌐
📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.
Key Regulatory Authorities in Vietnam
Understanding the main players in Vietnam's crypto regulation is crucial:
State Bank of Vietnam (SBV): Oversees monetary policies and manages banking operations. Currently, it prohibits the use of cryptocurrencies for payment transactions. Ministry of Finance: Handles tax policies and licensing for digital asset enterprises, aiming to introduce taxation measures for crypto assets. Ministry of Justice: Collaborates with other ministries to draft legal proposals, playing a pivotal role in defining cryptocurrency ownership rights.
A Look Back: Vietnam's Crypto Journey
Vietnam's stance on cryptocurrency has evolved over the years:
2017: The SBV banned the use of cryptocurrencies for legal payment transactions.2018: The State Securities Commission advised businesses against engaging in crypto-related activities.2019-2023: The focus shifted toward blockchain research, with less emphasis on public cryptocurrency usage.2024: The Ministry of Justice clarified that owning cryptocurrencies is not illegal, marking a move toward regulatory oversight rather than outright bans.
What the Upcoming Regulatory Framework Entails
The forthcoming regulations are set to introduce:
Licensing Requirements: Crypto businesses will need to register and obtain licenses, clearly defining authorized services. AML and KYC Compliance: Mandatory Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols for all crypto entities, extending the 2022 AML legislation to include crypto platforms.Taxation Policies: Potential introduction of capital gains tax on crypto transactions, addressing the current absence of official tax regulations for digital assets. Oversight of ICOs, STOs, and NFTs: While proposals are in place to monitor these activities, official regulations are yet to be established.
Current Legal Standing of Cryptocurrencies in Vietnam
As a Payment Method: Using cryptocurrencies for payments remains illegal.Ownership and Trading: Individuals can own and trade cryptocurrencies, but public activities involving these assets exist in a legal gray area. Crypto Mining: Permitted, provided operators adhere to national business regulations and register appropriately.
Conclusion
Vietnam's journey toward a structured crypto regulatory environment reflects its commitment to balancing innovation with financial security. For investors, businesses, and crypto enthusiasts, staying informed about these developments is vital to navigate the evolving landscape effectively.
#VietnamCrypto #CryptoRegulation #BlockchainVietnam
💡Stay Informed: Don’t miss out! Follow BTCRead on Binance Square for the latest updates and more.✅🌐
📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.
If we believe in cycles, then July will be a month of growth.
Many comparisons show that this period in 2024 is very similar to the end of 2020. This means that the cyclical pattern is still being maintained (even though $BTC is in an uptrend about 3 months earlier than expected).
$BTC has been sideways for nearly 4 months now. Break-out soon 🙏
---
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
Many comparisons show that this period in 2024 is very similar to the end of 2020. This means that the cyclical pattern is still being maintained (even though $BTC is in an uptrend about 3 months earlier than expected).
$BTC has been sideways for nearly 4 months now. Break-out soon 🙏
---
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
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FPT Chairman Truong Gia Binh warns: 75% of jobs will disappear by 2030
Speaking at the opening ceremony, Mr. Truong Gia Binh - Chairman of the Board of Directors of FPT Corporation affirmed that our world is entering a historical period with many unprecedented changes. Workers may face a future where 75% of their jobs will disappear by 2030. Artificial Intelligence (AI) is having a profound impact on the labor market, changing the way workers work and the skill requirements of workers. People need to adapt to this change by learning and improving their skills, mastering AI and technology in the working process.
"Low float - High FDV - Crazy Prices."
Lately, I've read many articles criticizing tokenomics where initial token generation events (TGEs) have very low initial supplies but high total supplies. This setup results in low market caps but very high fully-diluted valuations (FDVs).
Last night, I backtested over 20 altcoins from the 2017-2018 cycle to the 2020-2021 cycle to compare with the current one. Interestingly, I found that previous cycles faced similar situations.
In 2017-2018, FDVs ranged from hundreds of thousands to a few million. In 2020-2021, they jumped to tens of millions to hundreds of millions. Currently, top-tier altcoins are being valued in the billions.
Are they overvalued? 👉 Yes. That's the game; if you accept it, you can participate. Alternatively, you could seek coins where all tokens have already been released. (However, based on my backtest, these often underperform significantly during bull runs.)
#Lcagency #Lcademy #blockchainvietnam #Crypto_Jobs🎯 #KOLcrypto
Lately, I've read many articles criticizing tokenomics where initial token generation events (TGEs) have very low initial supplies but high total supplies. This setup results in low market caps but very high fully-diluted valuations (FDVs).
Last night, I backtested over 20 altcoins from the 2017-2018 cycle to the 2020-2021 cycle to compare with the current one. Interestingly, I found that previous cycles faced similar situations.
In 2017-2018, FDVs ranged from hundreds of thousands to a few million. In 2020-2021, they jumped to tens of millions to hundreds of millions. Currently, top-tier altcoins are being valued in the billions.
Are they overvalued? 👉 Yes. That's the game; if you accept it, you can participate. Alternatively, you could seek coins where all tokens have already been released. (However, based on my backtest, these often underperform significantly during bull runs.)
#Lcagency #Lcademy #blockchainvietnam #Crypto_Jobs🎯 #KOLcrypto
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Blum Airdrop: Prepare for a Crypto Revolution!
Blum Airdrop is making waves in the crypto world! This powerful initiative is set to distribute Blum (BLUM) tokens and could reshape the crypto landscape. Here’s what you need to know about this game-changing event:
Blum is a cutting-edge blockchain project set to disrupt [industry/sector] with its revolutionary technology. The airdrop is a strategic move to widely distribute BLUM tokens, create buzz, and build a strong, engaged user base. 🌐🔥
Blum is a cutting-edge blockchain project set to disrupt [industry/sector] with its revolutionary technology. The airdrop is a strategic move to widely distribute BLUM tokens, create buzz, and build a strong, engaged user base. 🌐🔥
From March 2024 to the present, the price of $SEI has dropped by approximately 4.5 times, while the total value locked (TVL) has increased by 5.4 times.
=> This indicates that the market still has confidence in the project; $SEI has also recently received a grant to stimulate its ecosystem.
I remember back in October, when I called the $SUI trade, I observed a similar phenomenon. The price of $SUI remained stagnant below 0.5 for a long period while its TVL kept increasing. $SUI also launched several grants to boost the GameFi sector.
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
=> This indicates that the market still has confidence in the project; $SEI has also recently received a grant to stimulate its ecosystem.
I remember back in October, when I called the $SUI trade, I observed a similar phenomenon. The price of $SUI remained stagnant below 0.5 for a long period while its TVL kept increasing. $SUI also launched several grants to boost the GameFi sector.
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
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I don't know what to write to reach 100 characters. But I will still post. I will keep writing until I reach or exceed 100 characters. Although I don't know what to write, this will be the first time I write a post of 100 characters or more on Binance. If you are reading this, I wish you a warm Christmas season and more importantly, I wish you a lot of creativity to complete this task. I hope you have plenty of ideas for the post to meet the requirement of 100 or more characters. $BTC
#Biance #Bitcoin #Ethereum #blockchainvietnam #4life
#Biance #Bitcoin #Ethereum #blockchainvietnam #4life
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#BinanceVietnamSquare
#voldermort
#harrypotter
#blockchainvietnam
What does Voldemort have to do with Blockchain?
In a conversation on x.com, J.K. Rowling - author of the famous Harry Potter series once said that she did not understand Bitcoin and wanted to hear people explain.
One humorous comment compared Voldemort to centralized banking, and Harry to Bitcoin. ;))
However, to me, Voldemort is more similar to Bitcoin. Here he is a blockchain with 7 nodes ~ equivalent to the 7 horcruxes he keeps.
If horcruxes are what make Voldemort immortal, then a globally distributed node system will help Bitcoin withstand censorship, targeted attacks and natural disasters.
Please hold on to Bitcoin for your family and future generations!
#voldermort
#harrypotter
#blockchainvietnam
What does Voldemort have to do with Blockchain?
In a conversation on x.com, J.K. Rowling - author of the famous Harry Potter series once said that she did not understand Bitcoin and wanted to hear people explain.
One humorous comment compared Voldemort to centralized banking, and Harry to Bitcoin. ;))
However, to me, Voldemort is more similar to Bitcoin. Here he is a blockchain with 7 nodes ~ equivalent to the 7 horcruxes he keeps.
If horcruxes are what make Voldemort immortal, then a globally distributed node system will help Bitcoin withstand censorship, targeted attacks and natural disasters.
Please hold on to Bitcoin for your family and future generations!
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rssA HOT EVENT CLOSED, A BRIGHT FUTURE OPENED.
Recently, the conference "Promoting Innovation and Risk Management in Blockchain Applications" was successfully organized by Vietnam Blockchain Association VBA. Vietcan Startup is honored to be a companion and contribute ideas to building technology education orientation for Vietnam in the coming time.
Below is a summary of some notable news from the recent business trip:
+ Signing an MOU between VBA and VietCan Startup to promote Blockchain education for universities, organizations, and businesses in the industry.
+ VietCan Delegation connects and promotes cooperation with many Universities, Government Agencies, individuals and businesses interested in technology and the blockchain field.
+ Reported by many media, including a report by VTV1 broadcast at 9:15 a.m. on October 31. This is a very positive signal for the market.
+ Author Jackie Thai met and presented many books "Money Secrets" to leaders, businesses, teachers and many students interested in this new technology.
+ VBA's Hanoi office officially opened at 48 Trang Tien. This will be an important meeting and connection place for members and partners of the Vietnam Blockchain Association.
+ VietCan Startup delegation visited and offered incense at the Temple of Literature - Quoc Tu Giam. With sincerity, I hope that the career of education and training will always develop brightly.
#btc
#eth
#blockchainvietnam
#startup
#bimattiente
Recently, the conference "Promoting Innovation and Risk Management in Blockchain Applications" was successfully organized by Vietnam Blockchain Association VBA. Vietcan Startup is honored to be a companion and contribute ideas to building technology education orientation for Vietnam in the coming time.
Below is a summary of some notable news from the recent business trip:
+ Signing an MOU between VBA and VietCan Startup to promote Blockchain education for universities, organizations, and businesses in the industry.
+ VietCan Delegation connects and promotes cooperation with many Universities, Government Agencies, individuals and businesses interested in technology and the blockchain field.
+ Reported by many media, including a report by VTV1 broadcast at 9:15 a.m. on October 31. This is a very positive signal for the market.
+ Author Jackie Thai met and presented many books "Money Secrets" to leaders, businesses, teachers and many students interested in this new technology.
+ VBA's Hanoi office officially opened at 48 Trang Tien. This will be an important meeting and connection place for members and partners of the Vietnam Blockchain Association.
+ VietCan Startup delegation visited and offered incense at the Temple of Literature - Quoc Tu Giam. With sincerity, I hope that the career of education and training will always develop brightly.
#btc
#eth
#blockchainvietnam
#startup
#bimattiente
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#BinanceVietnamSquare
#blockchainvietnam
What does Le Quy Don have to do with Blockchain?
This year is 2024, many Bitcoin ETFs have been approved and the Blockchain industry is also experiencing important development milestones over the past 15 years. Ethereum with the Dencun update and the Layer2 ecosystem are growing rapidly. Although Bitcoin and Bitcoin Layer2 joined late, they still brought fresh and vibrant winds to the entire Blockchain space.
But not everyone knows what Blockchain is. When I have to explain Blockchain to people I know, I often use the following anecdote about Le Quy Don's extraordinary memory.
"One day, Le Qui Don came to visit Ly Truong's house and saw on the table a book containing the names of people who owed taxes. He opened it and saw that some were owed five or seven measures of rice, and some were a few denars of money. Not long after, Ly Truong's house was arrested. burned to ashes, the tax debt book was also destroyed. When meeting him, Ly Truong complained that he did not know where to look to ask for money. He read it again from beginning to end so he could copy it down. Ly Truong did not dare to decide, but Until I followed the book to collect the debts, it was all right, no one complained, then I believed it."
In a simple way, the tax book is the blockchain with 2 nodes ;)). A Fullnode - or the original tax book - resides with Ly Truong so he can add and edit. A lightnode is located in Le Quy Don's head, this is the copy that saved Ly Truong when his notebook burned.
Blockchain in reality has thousands of such copies. And this is also the reason why data in Blockchain becomes immortal.
#blockchainvietnam
What does Le Quy Don have to do with Blockchain?
This year is 2024, many Bitcoin ETFs have been approved and the Blockchain industry is also experiencing important development milestones over the past 15 years. Ethereum with the Dencun update and the Layer2 ecosystem are growing rapidly. Although Bitcoin and Bitcoin Layer2 joined late, they still brought fresh and vibrant winds to the entire Blockchain space.
But not everyone knows what Blockchain is. When I have to explain Blockchain to people I know, I often use the following anecdote about Le Quy Don's extraordinary memory.
"One day, Le Qui Don came to visit Ly Truong's house and saw on the table a book containing the names of people who owed taxes. He opened it and saw that some were owed five or seven measures of rice, and some were a few denars of money. Not long after, Ly Truong's house was arrested. burned to ashes, the tax debt book was also destroyed. When meeting him, Ly Truong complained that he did not know where to look to ask for money. He read it again from beginning to end so he could copy it down. Ly Truong did not dare to decide, but Until I followed the book to collect the debts, it was all right, no one complained, then I believed it."
In a simple way, the tax book is the blockchain with 2 nodes ;)). A Fullnode - or the original tax book - resides with Ly Truong so he can add and edit. A lightnode is located in Le Quy Don's head, this is the copy that saved Ly Truong when his notebook burned.
Blockchain in reality has thousands of such copies. And this is also the reason why data in Blockchain becomes immortal.
$BTC reclaiming 59k; expecting a pump to the high range zone of 70k.
Currently, I see this as a “technical rebound” after the previous downtrend, supported by the RSI divergence on the daily chart (as noted last week). This “technical rebound” will turn into a true uptrend if $BTC surpasses 64.5k, confirming the bullish trend for Bitcoin.
I firmly believe we are in a bull market, and these corrections are just shaking out weak hands before a massive pump. Altcoins have tanked quite a bit, so I expect them to move sideways and accumulate in the near future, while $BTC pumping makes sense.
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
Currently, I see this as a “technical rebound” after the previous downtrend, supported by the RSI divergence on the daily chart (as noted last week). This “technical rebound” will turn into a true uptrend if $BTC surpasses 64.5k, confirming the bullish trend for Bitcoin.
I firmly believe we are in a bull market, and these corrections are just shaking out weak hands before a massive pump. Altcoins have tanked quite a bit, so I expect them to move sideways and accumulate in the near future, while $BTC pumping makes sense.
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
**Retail Disheartened, but Wall Street is Still Buying?**
By the end of yesterday, capital continued to flow into Bitcoin spot ETFs, with $250 million being a promising figure. 👍
Notably, the GBTC fund also purchased $25 million worth, and BlackRock's IBIT led the way with $187 million.
Traditional finance (Trafi) remains bullish at these low ranges... So why is X flooded with posts predicting $BTC to drop to 40k? 🥲🥲🥲
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
By the end of yesterday, capital continued to flow into Bitcoin spot ETFs, with $250 million being a promising figure. 👍
Notably, the GBTC fund also purchased $25 million worth, and BlackRock's IBIT led the way with $187 million.
Traditional finance (Trafi) remains bullish at these low ranges... So why is X flooded with posts predicting $BTC to drop to 40k? 🥲🥲🥲
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
"Overvalued, overvalued, overvalued 😂
My newsfeed is flooded with bearish posts, saying this project and that project are being priced too high.
$STRK, $ARB, $OP - layer 2
$SUI, $APT, $TIA - layer 2
All are around ~7b market cap, meaning 5-7 times the private round valuations of Tier 1 VCs.
Solana also once received severe criticism from Eastern Laos and international CT. From 5u down to nearly 1u, then back up to 3u => The entire community cursed it as overvalued.
The story after that, everyone has seen. $sol, $near, $ftm, $avax, $luna, and dozens of other L1, L2 tokens all went to the moon.
Developers, MM, VCs of any project all want to dump. But to dump, there must be liquidity. To have liquidity, there must be marketing. And there's no better marketing method for a project than pumping.
$NEO, $XLM, $XRP
$ETH, $SOL, $DOT, $AVAX
$TIA, $SEI, $SUI, $APT
want more examples?"
#Lcagency #Lcademy #blockchainvietnam #CryptoJob #KOLcrypto
My newsfeed is flooded with bearish posts, saying this project and that project are being priced too high.
$STRK, $ARB, $OP - layer 2
$SUI, $APT, $TIA - layer 2
All are around ~7b market cap, meaning 5-7 times the private round valuations of Tier 1 VCs.
Solana also once received severe criticism from Eastern Laos and international CT. From 5u down to nearly 1u, then back up to 3u => The entire community cursed it as overvalued.
The story after that, everyone has seen. $sol, $near, $ftm, $avax, $luna, and dozens of other L1, L2 tokens all went to the moon.
Developers, MM, VCs of any project all want to dump. But to dump, there must be liquidity. To have liquidity, there must be marketing. And there's no better marketing method for a project than pumping.
$NEO, $XLM, $XRP
$ETH, $SOL, $DOT, $AVAX
$TIA, $SEI, $SUI, $APT
want more examples?"
#Lcagency #Lcademy #blockchainvietnam #CryptoJob #KOLcrypto
🌝 WAS THE MASTERMIND BEHIND THE TERRA BLOCKCHAIN HACK VIETNAMESE? 🤔
According to CoinDesk, yesterday at noon Vietnam time, dEaDcHaIN Terra LUNA was lightly looted by hackers for over 4 million USD, including $ASTRO, $USDC, $USDT, and $BTC tokens. 💻
Sources suggest that the mastermind behind this hack is a guy named Phạm Anh Tuấn, who studied at FPT Greenwich and PTIT, and is currently a developer at a blockchain company. 😨
However, leaving so many traces and information after the hack might make it hard to enjoy the stolen money. He might not even eat or sleep well! 🤣
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
According to CoinDesk, yesterday at noon Vietnam time, dEaDcHaIN Terra LUNA was lightly looted by hackers for over 4 million USD, including $ASTRO, $USDC, $USDT, and $BTC tokens. 💻
Sources suggest that the mastermind behind this hack is a guy named Phạm Anh Tuấn, who studied at FPT Greenwich and PTIT, and is currently a developer at a blockchain company. 😨
However, leaving so many traces and information after the hack might make it hard to enjoy the stolen money. He might not even eat or sleep well! 🤣
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
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7 coins that could make you wealthy by 2025
The crypto market offers great potential for capital growth, especially with undervalued coins. Here are some coins with high growth potential in the near future.
1. CYBRO:
A multi-chain platform utilizing AI is approaching its Token Generation Event (TGE) and exchange listing. With $7 million raised in the presale and the token price increasing from $0.01 to $0.055, a listing price of $0.06 could stimulate strong growth. CYBRO simplifies DeFi investments with user-friendly tools and AI-backed solutions, making it a top candidate for explosive growth.
1. CYBRO:
A multi-chain platform utilizing AI is approaching its Token Generation Event (TGE) and exchange listing. With $7 million raised in the presale and the token price increasing from $0.01 to $0.055, a listing price of $0.06 could stimulate strong growth. CYBRO simplifies DeFi investments with user-friendly tools and AI-backed solutions, making it a top candidate for explosive growth.
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Whether in a bear market or a bull market, for me, when placing an order, setting a target of about 30% is quite reasonable. Still the saying, "Many hands make light work," gathering love and happiness will fill us up, just take it easy and go.
A bear market creates many opportunities to buy at low prices, while a bull market creates many opportunities to take profits. Therefore, today’s strong price drop also brings many gifts for everyone. Let’s accumulate gradually by DCA from 5% to 10%, and then to one time, but don’t buy everything at once. Safety is still the top priority because we never know when the market will hit the bottom or the peak.
Wishing everyone good luck on their investment journey.
$BOME $SOL $APT
#Binance , #Cryptocurrency , #blockchainvietnam #Trading #btc
A bear market creates many opportunities to buy at low prices, while a bull market creates many opportunities to take profits. Therefore, today’s strong price drop also brings many gifts for everyone. Let’s accumulate gradually by DCA from 5% to 10%, and then to one time, but don’t buy everything at once. Safety is still the top priority because we never know when the market will hit the bottom or the peak.
Wishing everyone good luck on their investment journey.
$BOME $SOL $APT
#Binance , #Cryptocurrency , #blockchainvietnam #Trading #btc
News for Synapse (SYN) Token! 🌐
Synapse (SYN) has surged over 40% in the past 24 hours, reaching $0.57 with a trading volume spike of 203%, now totaling $68 million. Market cap stands at approximately $107 million following this significant increase.
The rally follows Binance Futures' announcement of adding SYNUSDT Perpetual Contracts, offering up to 50x leverage starting today, August 16. This move expands trading options and boosts visibility for Synapse in the crypto market.
Moreover, anticipation around the upcoming Synapse chain and Interchain network launch, expected this August, has fueled investor optimism. Recently, a significant accumulation of SYN tokens worth over $1 million further bolstered the token's upward trajectory.
Stay tuned as Synapse continues to capture attention, aiming to surpass its all-time high of $4.92 reached in October 2021. 📈💫
#Write2Win #CryptoNews #Binance #blockchainvietnam #CryptoTradingTip
Synapse (SYN) has surged over 40% in the past 24 hours, reaching $0.57 with a trading volume spike of 203%, now totaling $68 million. Market cap stands at approximately $107 million following this significant increase.
The rally follows Binance Futures' announcement of adding SYNUSDT Perpetual Contracts, offering up to 50x leverage starting today, August 16. This move expands trading options and boosts visibility for Synapse in the crypto market.
Moreover, anticipation around the upcoming Synapse chain and Interchain network launch, expected this August, has fueled investor optimism. Recently, a significant accumulation of SYN tokens worth over $1 million further bolstered the token's upward trajectory.
Stay tuned as Synapse continues to capture attention, aiming to surpass its all-time high of $4.92 reached in October 2021. 📈💫
#Write2Win #CryptoNews #Binance #blockchainvietnam #CryptoTradingTip
Maybe this is the reason why it couldn't break through the 70k mark. The U.S. government has just moved $2 billion worth of Bitcoin to a new wallet. Is the U.S. out of money to fund weapons again?
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
$BTC is currently at the range low, with an H4 sweep bottom creating a bullish RSI divergence.
Currently, the market is a brutal PvP environment. Experienced traders vs. experienced traders vs. VCs vs. devs vs. MM teams. If you're not confident you're in the top 5%, it's best to stay on the sidelines and observe. It's not too late to jump in once the uptrend/downtrend is confirmed.
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
Currently, the market is a brutal PvP environment. Experienced traders vs. experienced traders vs. VCs vs. devs vs. MM teams. If you're not confident you're in the top 5%, it's best to stay on the sidelines and observe. It's not too late to jump in once the uptrend/downtrend is confirmed.
#Lcagency #blockchainvietnam #CryptoJob #KOLcrypto
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