As I expected , #OFN pumped hard🔥🔥 Open Fabric working sm | Mashrur Ibne Zaman on Binance Square

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Mashrur Ibne Zaman

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As I expected , #OFN pumped hard🔥🔥
Open Fabric working smoothly 🚀

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🔶What is the Funding Rate in Futures Trading? In cryptocurrency futures trading, the funding rate is a crucial concept, especially in the context of perpetual futures contracts. Unlike traditional futures contracts that expire, perpetual contracts remain open indefinitely. The funding rate refers to periodic payments exchanged between traders who hold long (buy) and short (sell) positions in perpetual futures contracts. This payment helps maintain the balance between the futures price and the spot price. When the futures price is higher than the spot price, the funding rate is positive, and traders with long positions pay those with short positions. When the futures price is lower than the spot price, the funding rate is negative, and short traders pay long traders. 🔶How is the Funding Rate Calculated? The funding rate is typically determined by two factors: 1. Interest Rate: A small fixed rate representing the cost of holding a leveraged position. 2. Premium or Discount: The difference between the perpetual futures price and the spot price. If the perpetual contract is trading at a premium (above the spot price), the funding rate becomes positive, and long traders make payments. If it’s trading at a discount (below the spot price), the funding rate is negative, and short traders pay the funding fees. 🔶Why is the Funding Rate Important? The funding rate is vital for several reasons: 1. Price Alignment: It ensures that the price of perpetual futures contracts remains close to the spot price, preventing drastic market deviations. 2. Profitability: The funding rate can influence traders' profits. A high positive or negative rate may lead to additional costs or income for traders. 3. Market Stability: The funding rate helps balance the number of long and short positions, maintaining healthier market liquidity. #BTC☀ #MarketExperts #FutureTarding #BinanceLaunchpoolHMSTR #ETH🔥🔥🔥🔥

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Hacker Cashes Out Final Batch of Stolen WazirX Funds: Lessons in Handling Crypto Breaches In a stunning conclusion to a major crypto heist, the hacker responsible for stealing $230M from WazirX has nearly finished laundering the stolen funds. After 22 days, the final batch of assets was reportedly cashed out, highlighting a significant lapse in WazirX’s security and crisis management. Comparing WazirX’s response to the more efficient approach taken by BingX in handling a similar situation reveals a stark difference in damage control strategies. Here’s a breakdown of where WazirX faltered: 1. Delayed Communication and Transparency BingX responded swiftly to their hack by holding an AMA within hours, reassuring users that their funds were safe and providing updates regularly. In contrast, WazirX avoided engaging with their users through AMAs, and even disabled comments on their posts, limiting open communication at a critical time. 2. Slow Withdrawal Process In the case of BingX, withdrawals were resumed within 24 hours, minimizing disruptions for users. WazirX, however, paused withdrawals and took over a month before making any significant moves. Initially, WazirX stated that 100% of INR funds were safe, only to later reveal that only 66% would be available for withdrawal 3. Compensation and Accountability BingX set a standard by announcing full compensation to affected users using their own capital. On the other hand, WazirX first shifted blame to Binance before implementing a 4-month moratorium, a move made without user support. This delay in taking responsibility only further frustrated their community. 4. Ineffective Bounty Offering WazirX announced a bounty for the hacker three days after the attack, by which time the majority of the stolen crypto had already been converted into Ethereum. This late response made it virtually impossible to recover the funds. Throughout the BingX hack, users were still able to trade smoothly without experiencing major lag or service disruptions.$WRX $BTC $ETH

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𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: 𝗕𝗶𝗻𝗮𝗻𝗰𝗲 𝗙𝗼𝘂𝗻𝗱𝗲𝗿 𝗖𝗵𝗮𝗻𝗴𝗽𝗲𝗻𝗴 𝗭𝗵𝗮𝗼 𝗥𝗲𝗹𝗲𝗮𝘀𝗲𝗱 𝗳𝗿𝗼𝗺 𝗨.𝗦. 𝗖𝘂𝘀𝘁𝗼𝗱𝘆 👉In a significant development, Changpeng Zhao (widely known as CZ), the founder and CEO of Binance, has reportedly been released from United States custody as of today. According to a report by Fortune, CZ was freed on Friday, along with his staggering fortune, estimated to be around $60 billion. 👉The news has sent ripples across the cryptocurrency world, with Binance being one of the largest and most influential cryptocurrency exchanges globally. CZ’s leadership has played a pivotal role in shaping the future of digital assets and the crypto market as a whole. 👉While the details of his detainment and release remain sparse, this marks a pivotal moment for the crypto community, especially amid ongoing regulatory scrutiny and legal challenges faced by many crypto companies worldwide.The crypto community wishes CZ all the best as he returns to leading Binance, undoubtedly facing both challenges and opportunities as the industry evolves. We can see a prize impact in below coins👇 $BNB $CAKE $TWT #czprison #CZBİNANCE #BinanceLaunchpoolHMSTR #BNBAnalysis #Cake

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During the end of the 2021 Bull Market, investors were still riding the wave of optimism, fueled by influencers and grand projections. It felt like we're never going down and thought we will hit $100,000. But reality hit hard, as #Bitcoin and other #altcoins didn’t always match the hype. Price swings left many portfolios in red and an all time low.

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$BTC Halving is almost 29 days later🚀🚀🚀 Be ready guys, this time Btc will hit 100k$ sure.

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