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sleepless but still dreaming
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#2024WithBinance
"Excited to kickstart 2024 with new opportunities and innovations in crypto! 🚀 Here's to making this year one of growth, learning, and success. Let's build together! #2024withBinance 🌐💰"
"Excited to kickstart 2024 with new opportunities and innovations in crypto! 🚀 Here's to making this year one of growth, learning, and success. Let's build together! #2024withBinance 🌐💰"
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🔥🚨 The Unbelievable Fall of LUNC: From $119 to $0.00001 in ONE DAY! 🚨🔥
On May 7, 2022, Terra Luna Classic ($LUNC) shocked the crypto world, crashing from $119 to a mere $0.00001 in just 24 hours. How did this happen? Let’s break it down:
---
💣 What Happened to LUNC?
$LUNC, part of the Terra ecosystem, was tied to its algorithmic stablecoin, TerraUSD (UST). This ecosystem was meant to be revolutionary, but a chain reaction of catastrophic events led to its collapse.
---
🔍 The Reasons Behind the Crash:
1️⃣ UST Depeg Disaster
UST, designed to stay pegged to $1, lost its value, triggering mass panic. With UST tied to $LUNC, the dominoes started falling fast.
2️⃣ Liquidity Meltdown
Terra faced a severe liquidity crisis, making it nearly impossible for investors to sell their holdings. This scarcity fueled the price collapse.
3️⃣ Investor Panic
As $LUNC’s price started to nosedive, panic set in. Investors rushed to dump their tokens, accelerating the decline in value.
4️⃣ Flawed Algorithm
Critics pointed fingers at the algorithmic design of Terra's protocol. The system failed to stabilize UST, causing the collapse to spiral out of control.
---
⚠️ The Aftermath:
💸 Billions Wiped Out: Investors lost fortunes in a matter of hours.
🚨 Shattered Trust: Terra’s reputation took a massive hit, leaving scars on the crypto space.
💥 A Hard Lesson: The collapse serves as a warning about the risks of algorithmic stablecoins and crypto volatility.
---
🚨 What Can We Learn?
1. DYOR Always: Research the mechanics and risks behind any crypto investment.
2. Diversify Wisely: Never put all your funds into a single asset, no matter how promising it seems.
3. Be Cautious with Algorithmic Stablecoins: Their design can be innovative but also dangerously unpredictable.
#LUNC #CryptoLessons #BinanceUpdates #StablecoinCollapse #CryptoRiskManagement
$WLD
$BTC
On May 7, 2022, Terra Luna Classic ($LUNC) shocked the crypto world, crashing from $119 to a mere $0.00001 in just 24 hours. How did this happen? Let’s break it down:
---
💣 What Happened to LUNC?
$LUNC, part of the Terra ecosystem, was tied to its algorithmic stablecoin, TerraUSD (UST). This ecosystem was meant to be revolutionary, but a chain reaction of catastrophic events led to its collapse.
---
🔍 The Reasons Behind the Crash:
1️⃣ UST Depeg Disaster
UST, designed to stay pegged to $1, lost its value, triggering mass panic. With UST tied to $LUNC, the dominoes started falling fast.
2️⃣ Liquidity Meltdown
Terra faced a severe liquidity crisis, making it nearly impossible for investors to sell their holdings. This scarcity fueled the price collapse.
3️⃣ Investor Panic
As $LUNC’s price started to nosedive, panic set in. Investors rushed to dump their tokens, accelerating the decline in value.
4️⃣ Flawed Algorithm
Critics pointed fingers at the algorithmic design of Terra's protocol. The system failed to stabilize UST, causing the collapse to spiral out of control.
---
⚠️ The Aftermath:
💸 Billions Wiped Out: Investors lost fortunes in a matter of hours.
🚨 Shattered Trust: Terra’s reputation took a massive hit, leaving scars on the crypto space.
💥 A Hard Lesson: The collapse serves as a warning about the risks of algorithmic stablecoins and crypto volatility.
---
🚨 What Can We Learn?
1. DYOR Always: Research the mechanics and risks behind any crypto investment.
2. Diversify Wisely: Never put all your funds into a single asset, no matter how promising it seems.
3. Be Cautious with Algorithmic Stablecoins: Their design can be innovative but also dangerously unpredictable.
#LUNC #CryptoLessons #BinanceUpdates #StablecoinCollapse #CryptoRiskManagement
$WLD
$BTC
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LIVE
Binance Announcement
--
Notice on New Trading Pairs & Trading Bots Services on Binance Spot - 2024-12-04
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
To expand the list of trading choices offered on Binance Spot and enhance users’ trading experience, Binance will open trading for the ENA/BRL, EOS/FDUSD, KAIA/USDC, SAND/USDC, XLM/FDUSD and XLM/USDC trading pairs at 2024-12-04 08:00 (UTC).
In addition, Binance will enable Trading Bots services for the following pairs at 2024-12-04 08:00 (UTC):
Spot Grid and Spot DCA: AVAX/USDC , METIS/USDT, RONIN/USDT and XRP/EURRebalancing Bot: METIS/USDT and RONIN/USDTSpot Algo Orders: ENA/BRL, EOS/FDUSD, KAIA/USDC, SAND/USDC, XLM/FDUSD and XLM/USDC
Start Trading on Binance Spot Now!
Notes:
BRL and EUR are fiat currencies and do not represent any other digital currencies.Users will enjoy a special promotion on USDC trading pairs. Trade new USDC pairs to share 100,000 USDC and enjoy zero fees on USDC spot trading. Refer to this announcement for more details.
Trading of the aforementioned new trading pair(s) is subject to eligibility based on the user's country or region of residence. Please note that the list of restricted countries provided below may be changed from time to time, due to mandatory changes in applicable laws and regulations, or other changes relevant to the trading eligibility of these new trading pair(s). Users need to complete account verification to participate in the trading of these new trading pair(s).
Please note that this list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Currently, users residing in the following countries or regions will not be able to trade the above-mentioned spot trading pair(s): Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-03
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com.
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
Fellow Binancians,
To expand the list of trading choices offered on Binance Spot and enhance users’ trading experience, Binance will open trading for the ENA/BRL, EOS/FDUSD, KAIA/USDC, SAND/USDC, XLM/FDUSD and XLM/USDC trading pairs at 2024-12-04 08:00 (UTC).
In addition, Binance will enable Trading Bots services for the following pairs at 2024-12-04 08:00 (UTC):
Spot Grid and Spot DCA: AVAX/USDC , METIS/USDT, RONIN/USDT and XRP/EURRebalancing Bot: METIS/USDT and RONIN/USDTSpot Algo Orders: ENA/BRL, EOS/FDUSD, KAIA/USDC, SAND/USDC, XLM/FDUSD and XLM/USDC
Start Trading on Binance Spot Now!
Notes:
BRL and EUR are fiat currencies and do not represent any other digital currencies.Users will enjoy a special promotion on USDC trading pairs. Trade new USDC pairs to share 100,000 USDC and enjoy zero fees on USDC spot trading. Refer to this announcement for more details.
Trading of the aforementioned new trading pair(s) is subject to eligibility based on the user's country or region of residence. Please note that the list of restricted countries provided below may be changed from time to time, due to mandatory changes in applicable laws and regulations, or other changes relevant to the trading eligibility of these new trading pair(s). Users need to complete account verification to participate in the trading of these new trading pair(s).
Please note that this list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Currently, users residing in the following countries or regions will not be able to trade the above-mentioned spot trading pair(s): Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-03
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com.
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
#ETHOnTheRise "Ethereum showing strong momentum! 🚀 Are we witnessing the next big surge? 💹
#ETHontherise #Ethereum #CryptoNews"
#ETHontherise #Ethereum #CryptoNews"
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🌟 #BSConTheRise 🌟
The Binance Smart Chain ecosystem continues to grow stronger every day! 🚀 With innovative projects, lightning-fast transactions, and low fees, the possibilities are endless.
🌟 #BSConTheRise 🌟
The Binance Smart Chain ecosystem continues to grow stronger every day! 🚀 With innovative projects, lightning-fast transactions, and low fees, the possibilities are endless.
#AIAndGameFiBoom 🌟 The future is here! 🚀 #AIAndGameFiBoom is revolutionizing the way we interact with gaming and blockchain.
$BTC 🚀 Trade the $BTC pair now on Binance! Stay ahead in the crypto game with real-time updates and top-notch liquidity. Don’t miss out! #Bitcoin #Binance #CryptoTrading
#ThanksgivingBTCMoves "Bitcoin takes the spotlight this Thanksgiving! 📈 Is it feasting on gains or carving out new lows? #thanksgivingbtcmoves"
#AltcoinMomentum "🚀 Catch the #AltcoinMomentum! Trade top-performing coins on Binance and ride the wave to new highs. 📈 #CryptoTrading #Binance"
#AltcoinMomentum "🚀 Catch the #AltcoinMomentum! Trade top-performing coins on Binance and ride the wave to new highs. 📈 #CryptoTrading #Binance"
$ETH "🔔 Big moves on $ETH ! 🚀 Watch the charts and trade smart on Binance. Stay ahead of the game! $ETH #Crypto #Binance"
#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!. what is your best score?