#2023withBinance #BinanceTurnament @AnthonyCarr $BTC $XRP $ACE

📈 New Peak of Withdrawals on Bitcoin Exchanges

Last Wednesday, major cryptocurrency exchanges witnessed a significant increase in Bitcoin withdrawals. More than 28,000 BTC were withdrawn in a single day, highlighting an emerging trend among investors.

🗓️ Last Week of December: Record Withdrawals in 2023

At the close of 2023, exchanges experienced the highest number of Bitcoin withdrawals of the year. December 27 was especially notable, with users withdrawing up to 28,000 BTC to their personal wallets.

📉 Consolidated Trend: Impact on Exchanges and Coinbase

This upward trend in withdrawals was consolidated throughout December. Coinbase, one of the most prominent exchanges, recorded an outflow of more than 14,000 BTC in a single day, marking its lowest bitcoin reserve in the entire year.

🏦 Coinbase as Custodian: Link with Bitcoin ETF

Interest is focused on Coinbase as it could become the custodian of Bitcoin spot ETFs. This move could be related to the decline in bitcoin reserves on the platform, suggesting a change in investment strategy.

⏳ Expectations before the SEC Decision: Bitcoin Spot ETF

The US Securities and Exchange Commission (SEC) will make a key decision on approving spot bitcoin ETFs in early January. This event has the potential to significantly alter the value of Bitcoin and the flow of capital in the market.

👥Investors Anticipating Market Events: Focus on Bitcoin Custody

The interpretation of these BTC withdrawals suggests that investors are looking to safeguard and save their coins for the long term. This behavior reflects an optimistic belief in future Bitcoin bullish movements.

📊 Analyst-Backed Theory: Bullish Bitcoin Outlook

Prominent analysts such as Raoul Pal support the theory that Bitcoin is in the early phases of a bull market.

#2023withBinance #BinanceTurnament @AnthonyCarr $SOL $XRP $NFP
Solana (SOL): A Triumphant Rise in 2023

SOL, the cryptocurrency of the Solana network, stands as one of the most lucrative altcoins of 2023, consolidating itself as fifth in market capitalization. With a staggering 980% increase in the last 12 months, SOL peaks at $109 per unit on December 27, marking a milestone in this challenging year following the bankruptcy of the FTX exchange.

The bullish trend persists, with an impressive 40% increase in the last week. SOL has recently surpassed Ripple (XRP) in market capitalization, establishing itself among the top five cryptocurrencies.

What is the driving force behind Solana's continued success? According to Forbes analysts, the Solana community has demonstrated notable vitality and has improved its metrics. Data from DefiLama indicates a substantial increase in trading volume on Solana in recent days, along with an increase in the amount of assets locked, reflecting growing trader interest in SOL.

However, the most notable element in SOL's current triumph is the introduction of its own memecoin, BONK. This new player has competed directly with Dogecoin and Shiba Inu, experiencing an extraordinary performance of 13,300% so far this year, thus generating growing interaction and interest in Solana.

Despite these successes, it is imperative to remain cautious in the coming days. The recent 20% loss in BONK value and the closing of positions by some traders suggest a possible inflection. If this correlation persists, SOL could face additional challenges on its upward trajectory.

As the year comes to an end, 2023 has indeed been a transformative year for Binance on several fronts and we couldn't have done it without you! We want to see what your #2023WithBinance looked like in exchange for some exclusive swags ✨
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As the year comes to an end, 2023 has indeed been a transformative year for Binance on several fronts and we couldn't have done it without you! We want to see what your #2023WithBinance looked like in exchange for some exclusive swags ✨
How to Participate:
1. Quote this post and share which trends you participated in with #2023WithBinance as a post on Binance Square.
2. Share it on your social media.
We’ll pick 15 users who completes the steps above to receive an exclusive Binance year-end swag set.
Activity Period: 2023-12-23 00:00 to 2023-12-31 23:59 (UTC)
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 campaign, 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.
Terms and Conditions:
1. This activity may not be available in your region. Only KYC-verified Binance users will be eligible to participate and qualify for rewards in this activity.
2. Winners will be notified via a push notification under Creator Center > Square Assistant 21 working days after the campaign ends.

As the year comes to an end, 2023 has indeed been a transformative year for Binance on several fronts and we couldn't have done it without you! We want to see what your #2023WithBinance looked like in exchange for some exclusive swags ✨
How to Participate:
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We’ll pick 15 users who completes the steps above to receive an exclusive Binance year-end swag set.
Activity Period: 2023-12-23 00:00 to 2023-12-31 23:59 (UTC)
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 campaign, 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.
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#2023withBinance #BinanceTurnament #SEC @AnthonyCarr $BTC $ETH $BNB

Resignations from Grayscale Board of Directors: Relevant Details about Silbert and Murphy

Grayscale Investments, a leading cryptocurrency fund manager, has announced the resignation of two prominent figures from its board of directors: Barry Silbert and Mark Murphy.
The news was revealed through a filing with the United States Securities and Exchange Commission (SEC), scheduling these resignations to become effective on January 1, 2024.

The information detailed in the document, published on December 26 on the SEC's official site, highlights that Mark Shifke will assume the role of chairman of the board of directors in succession to Barry Silbert. Additionally, Matthew Kummell and Edward McGee will reportedly join the governing body effective the same date.

Although no clear explanations have been provided so far about the reasons behind these resignations, some media have recalled that Barry Silbert faced a lawsuit in October of the previous year by New York Attorney General Letitia James.
The allegations alleged that Silbert was involved in the alleged fraud that affected more than 230,000 investors, including at least 29,000 New Yorkers.
At that time, Digital Currency Group, Grayscale's parent company, categorically rejected the accusations presented by the prosecutor.

The departure of Silbert and Murphy from Grayscale's board of directors comes at a critical time, as the market is watching the possible approval of spot bitcoin exchange-traded funds (ETFs) by the SEC. Grayscale Investments is not only one of the main applicants for this type of product, but also one of the most prominent cryptocurrency fund managers on the market.

The anticipation surrounding the approval of bitcoin ETFs has created a climate of anticipation, especially considering that the first set of approvals is expected to take place before January 10, 2024.

As the year comes to an end, 2023 has indeed been a transformative year for Binance on several fronts and we couldn't have done it without you! We want to see what your #2023WithBinance looked like in exchange for some exclusive swags ✨
How to Participate:
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2. Share it on your social media.
We’ll pick 15 users who completes the steps above to receive an exclusive Binance year-end swag set.
Activity Period: 2023-12-23 00:00 to 2023-12-31 23:59 (UTC)
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 campaign, 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.
Terms and Conditions:
1. This activity may not be available in your region. Only KYC-verified Binance users will be eligible to participate and qualify for rewards in this activity.
2. Winners will be notified via a push notification under Creator Center > Square Assistant 21 working days after the campaign ends.