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Binance Announcement
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Eid al-Adha Challenge: Complete Missions to Win 1 BTC and Share 30,000 FDUSD in Rewards!
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
To celebrate Eid al-Adha, Binance is thrilled to present a challenge for all MENASA users. Complete missions during the Activity Period to stand a chance to share 30,000 FDUSD in token vouchers and be the lucky winner of a one BTC token voucher reward!
Activity Period: 2024-06-16 06:00 (UTC) to 2024-06-23 05:59 (UTC)
How to Get Started
Step 1: Visit the challenge landing page.
Step 2: Click the “Do it” button next to a mission.
Step 3: Complete mission(s) during the Activity Period to receive a corresponding number of challenge attempts. Other ways of completing a mission shall be deemed invalid.
Step 4: To use a challenge attempt, click “GO'' on the challenge landing page. The cursor will automatically rotate before settling on the final square, presenting the result of the attempt. For the Challenge Rewards Pool, each win is capped at 5 FDUSD Token Voucher.
How to Get Challenge Attempts
Complete the tasks below to unlock challenge attempts.
Trade a total of at least 100 USDT equivalent (buys and/or sells) on any spot pairs to unlock one challenge attempt.Trade a total of at least 100 USDT equivalent (buys and/or sells) on any margin pairs to unlock one challenge attempt.Trade a total of at least 100 USDT equivalent (buys and/or sells) on any futures pairs to unlock one challenge attempt.Purchase a total of at least 50 USDT worth of crypto on Binance P2P to unlock one challenge attempt.Refer one friend to sign up for a Binance account and complete KYC to unlock one challenge attempt.
List of Rewards
0.5 FDUSD token voucher1 FDUSD token voucher5 FDUSD token voucher10 FDUSD token voucher50 FDUSD token voucher100 FDUSD token voucher1 BTC token voucherThe Challenge Rewards Pool consists of 10,000 FDUSD in token vouchers. The more times a user wins the Challenge Pool reward, the bigger share the user will receive from the total rewards pool. Each win is capped at 5 FDUSD in token voucher. The rewards pool will be distributed within 14 days after the Activity ends.
Notes:
Each trading mission can only be completed by each participant once every 24 hours. If a user has completed the selected mission and earned its corresponding challenge attempt, the user must wait for 24 hours before re-attempting the same mission to earn another corresponding challenge attempt.The Challenge Pool reward will be distributed to all eligible winning users based on the number of times they won the reward in proportion to the total number of times all eligible users have won the reward.The countdown to re-attempting a trading mission begins from the time the corresponding mission is completed. For example, if a selected trading mission is completed at 2024-06-16 20:00 (UTC), the user may attempt the same trading mission again after 2024-06-17 20:00 (UTC) to get a corresponding challenge attempt. Users can click “Do it” to re-attempt the same trading mission after 24 hours have lapsed.
Terms & Conditions
This Activity is only available to MENASA users that can access the Activity landing page. Users must confirm their participation by clicking "Register Now" on the Activity landing page during the Activity Period to be eligible for any rewards.To participate in the challenge, users must click the “Do it” button next to the corresponding mission first. After that, users are eligible to complete the mission anytime during the Activity Period to get challenge attempts. Other ways of completing a mission shall be deemed invalid.Reward Distribution:Token voucher rewards from successful challenge attempts will be distributed to users when they win the challenge. Token voucher rewards from the Challenge Pool will be distributed within 14 days after the Activity ends.Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub.The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a voucher.Sub-account’s trading volume will not be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this Activity.Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-06-16
Fellow Binancians,
To celebrate Eid al-Adha, Binance is thrilled to present a challenge for all MENASA users. Complete missions during the Activity Period to stand a chance to share 30,000 FDUSD in token vouchers and be the lucky winner of a one BTC token voucher reward!
Activity Period: 2024-06-16 06:00 (UTC) to 2024-06-23 05:59 (UTC)
How to Get Started
Step 1: Visit the challenge landing page.
Step 2: Click the “Do it” button next to a mission.
Step 3: Complete mission(s) during the Activity Period to receive a corresponding number of challenge attempts. Other ways of completing a mission shall be deemed invalid.
Step 4: To use a challenge attempt, click “GO'' on the challenge landing page. The cursor will automatically rotate before settling on the final square, presenting the result of the attempt. For the Challenge Rewards Pool, each win is capped at 5 FDUSD Token Voucher.
How to Get Challenge Attempts
Complete the tasks below to unlock challenge attempts.
Trade a total of at least 100 USDT equivalent (buys and/or sells) on any spot pairs to unlock one challenge attempt.Trade a total of at least 100 USDT equivalent (buys and/or sells) on any margin pairs to unlock one challenge attempt.Trade a total of at least 100 USDT equivalent (buys and/or sells) on any futures pairs to unlock one challenge attempt.Purchase a total of at least 50 USDT worth of crypto on Binance P2P to unlock one challenge attempt.Refer one friend to sign up for a Binance account and complete KYC to unlock one challenge attempt.
List of Rewards
0.5 FDUSD token voucher1 FDUSD token voucher5 FDUSD token voucher10 FDUSD token voucher50 FDUSD token voucher100 FDUSD token voucher1 BTC token voucherThe Challenge Rewards Pool consists of 10,000 FDUSD in token vouchers. The more times a user wins the Challenge Pool reward, the bigger share the user will receive from the total rewards pool. Each win is capped at 5 FDUSD in token voucher. The rewards pool will be distributed within 14 days after the Activity ends.
Notes:
Each trading mission can only be completed by each participant once every 24 hours. If a user has completed the selected mission and earned its corresponding challenge attempt, the user must wait for 24 hours before re-attempting the same mission to earn another corresponding challenge attempt.The Challenge Pool reward will be distributed to all eligible winning users based on the number of times they won the reward in proportion to the total number of times all eligible users have won the reward.The countdown to re-attempting a trading mission begins from the time the corresponding mission is completed. For example, if a selected trading mission is completed at 2024-06-16 20:00 (UTC), the user may attempt the same trading mission again after 2024-06-17 20:00 (UTC) to get a corresponding challenge attempt. Users can click “Do it” to re-attempt the same trading mission after 24 hours have lapsed.
Terms & Conditions
This Activity is only available to MENASA users that can access the Activity landing page. Users must confirm their participation by clicking "Register Now" on the Activity landing page during the Activity Period to be eligible for any rewards.To participate in the challenge, users must click the “Do it” button next to the corresponding mission first. After that, users are eligible to complete the mission anytime during the Activity Period to get challenge attempts. Other ways of completing a mission shall be deemed invalid.Reward Distribution:Token voucher rewards from successful challenge attempts will be distributed to users when they win the challenge. Token voucher rewards from the Challenge Pool will be distributed within 14 days after the Activity ends.Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub.The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a voucher.Sub-account’s trading volume will not be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this Activity.Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-06-16
LIVE
Crypto De Nostradame
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Bullish
The animated film with the highest box office opening. There are many factors that affect box office revenues. One thing that needs to be examined is how long these movies are. Many people are really reluctant to go to a movie longer than 2.5 hours.
LIVECandy Crypto
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Here are Some Risk Management Tips For You👇
1. Be aware of transaction fees on different exchanges, as they can impact your profitability.
2. Choose exchanges with competitive fee structures for your trading volume and frequency.
3. Factor in withdrawal fees when calculating your potential returns.
4. Use limit orders instead of market orders to avoid higher fees.
5. Consider the impact of network congestion on transaction fees, especially for cryptocurrencies with high transaction costs.
6. Plan your trades to minimize the frequency of transactions, thereby reducing cumulative fees.
#BinanceTournament #CPIAlert #altcoins #BTC #bitcoin
1. Be aware of transaction fees on different exchanges, as they can impact your profitability.
2. Choose exchanges with competitive fee structures for your trading volume and frequency.
3. Factor in withdrawal fees when calculating your potential returns.
4. Use limit orders instead of market orders to avoid higher fees.
5. Consider the impact of network congestion on transaction fees, especially for cryptocurrencies with high transaction costs.
6. Plan your trades to minimize the frequency of transactions, thereby reducing cumulative fees.
#BinanceTournament #CPIAlert #altcoins #BTC #bitcoin
See original
LIVE三马哥
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Shocked!!! A large amount of funds were stolen from the OKX exchange! $630 million of funds flowed out in 7 days!
A large amount of funds were stolen from the OKX exchange! Affected by this incident, user funds have flowed out by 630 million US dollars, which exceeds the total outflow from other exchanges.
The reason for the theft was that the thieves stole the OKX user information, used AI to change the face of the user, and deceived the OKX customer service to review and reset the stolen user's account password and other information! In the end, all the assets of more than 3 million US dollars in this user's account were robbed! This is simply outrageous!
The victim's OKX account had $3 million stolen
However, at present, the responses given by the Ouyi platform and its customer service to the victims are only perfunctory, and they even make irresponsible remarks such as saying that the platform is also a victim!
The reason for the theft was that the thieves stole the OKX user information, used AI to change the face of the user, and deceived the OKX customer service to review and reset the stolen user's account password and other information! In the end, all the assets of more than 3 million US dollars in this user's account were robbed! This is simply outrageous!
The victim's OKX account had $3 million stolen
However, at present, the responses given by the Ouyi platform and its customer service to the victims are only perfunctory, and they even make irresponsible remarks such as saying that the platform is also a victim!
LIVEBinance Square Official
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Share to Win is back with BIGGER rewards where verified users may participate to unlock over 100 USDT in rewards.
Activity Period: 2024-05-23 09:00 (UTC) to 2024-06-06 09:00 (UTC)
Activity 1: Share Binance Square Links With Your Referrals to Get up to 100 USDT in Crypto Red Packet
You and a friend can unlock up to 2USDT in red packet when your friend clicks into any Square content links that you share!
Enjoy BIGGER rewards when you send it to a friend new to Binance!
Activity 2: New Users Exclusive - Sign up With Binance & Complete Tasks to Earn extra up to 5.5 USDT in Rewards
1. Open any ten unique Binance Square links while being logged in to your Binance account.
2. Complete a trade of at least $100 equivalent on Spot, Futures, Margin, Options, or Convert.
This Activity may not be available in your region.
The rewards for both Activities are distributed on a first come, first-served basis, with limited redemptions available.
Activity Period: 2024-05-23 09:00 (UTC) to 2024-06-06 09:00 (UTC)
Activity 1: Share Binance Square Links With Your Referrals to Get up to 100 USDT in Crypto Red Packet
You and a friend can unlock up to 2USDT in red packet when your friend clicks into any Square content links that you share!
Enjoy BIGGER rewards when you send it to a friend new to Binance!
Activity 2: New Users Exclusive - Sign up With Binance & Complete Tasks to Earn extra up to 5.5 USDT in Rewards
1. Open any ten unique Binance Square links while being logged in to your Binance account.
2. Complete a trade of at least $100 equivalent on Spot, Futures, Margin, Options, or Convert.
This Activity may not be available in your region.
The rewards for both Activities are distributed on a first come, first-served basis, with limited redemptions available.
#NFG #BinanceLaunchpool #PEPE
Bitcoin Message From Michael Saylor After Ethereum ETF Approval: 'Bitcoin Will Be Crushed!'
MicroStrategy founder Michael Saylor issued a strong message to the Bitcoin community following the Ethereum ETF approval.
MicroStrategy's founder and leading Bitcoin advocate, Michael Saylor, has issued a strong message to the Bitcoin community in response to the U.S. Securities and Exchange Commission (SEC)'s recent approval of spot Ethereum exchange-traded funds (ETFs).
Michael Saylor Posts “Bitcoin Godzilla” Message Following Ethereum ETF Approval
Saylor, a well-known long-term Bitcoin bull, shared his unwavering belief in Bitcoin's dominance on 'X'.
His message, dubbed “Bitcoin Godzilla,” suggested that Bitcoin will continue to outperform Ethereum and other cryptocurrencies in the market.
In a characteristically bold move, #Saylor said, “When Godzilla comes, all your models are gone. #Bitcoin,” he wrote and shared an image of the famous movie monster Godzilla wreaking havoc.
The image also featured a small #BTC mascot in the bottom right corner, symbolizing the immense power and market influence that Bitcoin enthusiasts like Saylor expect the cryptocurrency to have.
Supporting Saylor's views, Jan3 CEO and another staunch Bitcoin maximalist, Samson Mow, responded negatively to the Ethereum ETF approval.
“The odds of Spot Ethereum ETFs being approved were always 50/50,” Mow said, suggesting that the SEC approving #Ethereum ETFs was almost inevitable due to regulatory pressures.
Mow reiterated his bearish stance on Ethereum, emphasizing that the #ETF approval does not change his negative outlook on the cryptocurrency.
Earlier this week, Mow reinforced his position by tweeting that this was the last opportunity to sell ETH above 0.05 BTC.
$BTC $ETH
Bitcoin Message From Michael Saylor After Ethereum ETF Approval: 'Bitcoin Will Be Crushed!'
MicroStrategy founder Michael Saylor issued a strong message to the Bitcoin community following the Ethereum ETF approval.
MicroStrategy's founder and leading Bitcoin advocate, Michael Saylor, has issued a strong message to the Bitcoin community in response to the U.S. Securities and Exchange Commission (SEC)'s recent approval of spot Ethereum exchange-traded funds (ETFs).
Michael Saylor Posts “Bitcoin Godzilla” Message Following Ethereum ETF Approval
Saylor, a well-known long-term Bitcoin bull, shared his unwavering belief in Bitcoin's dominance on 'X'.
His message, dubbed “Bitcoin Godzilla,” suggested that Bitcoin will continue to outperform Ethereum and other cryptocurrencies in the market.
In a characteristically bold move, #Saylor said, “When Godzilla comes, all your models are gone. #Bitcoin,” he wrote and shared an image of the famous movie monster Godzilla wreaking havoc.
The image also featured a small #BTC mascot in the bottom right corner, symbolizing the immense power and market influence that Bitcoin enthusiasts like Saylor expect the cryptocurrency to have.
Supporting Saylor's views, Jan3 CEO and another staunch Bitcoin maximalist, Samson Mow, responded negatively to the Ethereum ETF approval.
“The odds of Spot Ethereum ETFs being approved were always 50/50,” Mow said, suggesting that the SEC approving #Ethereum ETFs was almost inevitable due to regulatory pressures.
Mow reiterated his bearish stance on Ethereum, emphasizing that the #ETF approval does not change his negative outlook on the cryptocurrency.
Earlier this week, Mow reinforced his position by tweeting that this was the last opportunity to sell ETH above 0.05 BTC.
$BTC $ETH
#NFG #BinanceLaunchpool #PEPE
Bitcoin Message From Michael Saylor After Ethereum ETF Approval: 'Bitcoin Will Be Crushed!'
MicroStrategy founder Michael Saylor issued a strong message to the Bitcoin community following the Ethereum ETF approval.
MicroStrategy's founder and leading Bitcoin advocate, Michael Saylor, has issued a strong message to the Bitcoin community in response to the U.S. Securities and Exchange Commission (SEC)'s recent approval of spot Ethereum exchange-traded funds (ETFs).
Michael Saylor Posts “Bitcoin Godzilla” Message Following Ethereum ETF Approval
Saylor, a well-known long-term Bitcoin bull, shared his unwavering belief in Bitcoin's dominance on 'X'.
His message, dubbed “Bitcoin Godzilla,” suggested that Bitcoin will continue to outperform Ethereum and other cryptocurrencies in the market.
In a characteristically bold move, #Saylor said, “When Godzilla comes, all your models are gone. #Bitcoin,” he wrote and shared an image of the famous movie monster Godzilla wreaking havoc.
The image also featured a small #BTC mascot in the bottom right corner, symbolizing the immense power and market influence that Bitcoin enthusiasts like Saylor expect the cryptocurrency to have.
Supporting Saylor's views, Jan3 CEO and another staunch Bitcoin maximalist, Samson Mow, responded negatively to the Ethereum ETF approval.
“The odds of Spot Ethereum ETFs being approved were always 50/50,” Mow said, suggesting that the SEC approving #Ethereum ETFs was almost inevitable due to regulatory pressures.
Mow reiterated his bearish stance on Ethereum, emphasizing that the #ETF approval does not change his negative outlook on the cryptocurrency.
Earlier this week, Mow reinforced his position by tweeting that this was the last opportunity to sell ETH above 0.05 BTC.
$BTC $ETH
Bitcoin Message From Michael Saylor After Ethereum ETF Approval: 'Bitcoin Will Be Crushed!'
MicroStrategy founder Michael Saylor issued a strong message to the Bitcoin community following the Ethereum ETF approval.
MicroStrategy's founder and leading Bitcoin advocate, Michael Saylor, has issued a strong message to the Bitcoin community in response to the U.S. Securities and Exchange Commission (SEC)'s recent approval of spot Ethereum exchange-traded funds (ETFs).
Michael Saylor Posts “Bitcoin Godzilla” Message Following Ethereum ETF Approval
Saylor, a well-known long-term Bitcoin bull, shared his unwavering belief in Bitcoin's dominance on 'X'.
His message, dubbed “Bitcoin Godzilla,” suggested that Bitcoin will continue to outperform Ethereum and other cryptocurrencies in the market.
In a characteristically bold move, #Saylor said, “When Godzilla comes, all your models are gone. #Bitcoin,” he wrote and shared an image of the famous movie monster Godzilla wreaking havoc.
The image also featured a small #BTC mascot in the bottom right corner, symbolizing the immense power and market influence that Bitcoin enthusiasts like Saylor expect the cryptocurrency to have.
Supporting Saylor's views, Jan3 CEO and another staunch Bitcoin maximalist, Samson Mow, responded negatively to the Ethereum ETF approval.
“The odds of Spot Ethereum ETFs being approved were always 50/50,” Mow said, suggesting that the SEC approving #Ethereum ETFs was almost inevitable due to regulatory pressures.
Mow reiterated his bearish stance on Ethereum, emphasizing that the #ETF approval does not change his negative outlook on the cryptocurrency.
Earlier this week, Mow reinforced his position by tweeting that this was the last opportunity to sell ETH above 0.05 BTC.
$BTC $ETH
#NFG #BinanceLaunchpool #buythedip #altcoins $ETH https://app.binance.com/uni-qr/cart/8625087785370?r=527648310&l=en&uco=1BE7VXMQwh9VBldxkhJQBQ&uc=app_square_share_link&us=copylink
LIVEBinance News
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Ethereum Predicted to Reach $4500 Before Spot ETF Trading Begins, Says DeFiance Capital CEO
According to Odaily, Arthur Cheong, the founder and CEO of DeFiance Capital, has made a prediction about the future value of Ethereum. He expressed his views on social media, stating that Ethereum (ETH) is expected to reach a value of $4500 before the commencement of spot ETF trading.
Cheong's prediction has sparked discussions among cryptocurrency enthusiasts and investors. The potential increase in Ethereum's value is seen as a significant development in the cryptocurrency market. However, it's important to note that these predictions are speculative and the actual market performance may vary.
The introduction of Ethereum spot ETF trading is anticipated to have a significant impact on the cryptocurrency's value. This development could potentially increase the accessibility and liquidity of Ethereum, thereby influencing its price. However, the exact impact of this development on Ethereum's price remains to be seen.
Cheong's prediction has sparked discussions among cryptocurrency enthusiasts and investors. The potential increase in Ethereum's value is seen as a significant development in the cryptocurrency market. However, it's important to note that these predictions are speculative and the actual market performance may vary.
The introduction of Ethereum spot ETF trading is anticipated to have a significant impact on the cryptocurrency's value. This development could potentially increase the accessibility and liquidity of Ethereum, thereby influencing its price. However, the exact impact of this development on Ethereum's price remains to be seen.
LIVEthaksbuddy
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Bullish
Uniswap Foundation Advances Fee Proposal Despite SEC Wells Notice
Despite a Wells notice from the SEC, the Uniswap Foundation is moving forward with a fee conversion proposal. This proposal, which aims to optimize fee structures and enhance liquidity provision, will be put to an on-chain vote on Friday, May 31. UNI token holders who wish to participate must ensure their tokens are transferred before the voting deadline.
Proposal Overview: The fee conversion aims to improve fee distribution among liquidity providers and stakeholders, enhancing the overall user experience on Uniswap.
SEC Wells Notice: Indicates potential enforcement action but has not deterred the Uniswap Foundation, reflecting confidence in their regulatory compliance.
Voting Information: The on-chain vote is scheduled for May 31 2024. UNI token holders must transfer their tokens before this date to participate.
Significance for UNI Holders: This vote is crucial as it will influence the platform's fee structure and future governance.
The Uniswap Foundation's decision to proceed with the fee proposal, despite regulatory scrutiny, underscores its commitment to innovation and community governance. UNI token holders are encouraged to participate in the vote to shape Uniswap's future. $UNI $PEOPLE $BB
#ETHETFsApproved #Uniswap’s #BBMegadrop #PEOPLEbullish #bouncebit
Disclaimer:
Research before investing, use only risk-worthy funds, and take full responsibility for your decisions.
Despite a Wells notice from the SEC, the Uniswap Foundation is moving forward with a fee conversion proposal. This proposal, which aims to optimize fee structures and enhance liquidity provision, will be put to an on-chain vote on Friday, May 31. UNI token holders who wish to participate must ensure their tokens are transferred before the voting deadline.
Proposal Overview: The fee conversion aims to improve fee distribution among liquidity providers and stakeholders, enhancing the overall user experience on Uniswap.
SEC Wells Notice: Indicates potential enforcement action but has not deterred the Uniswap Foundation, reflecting confidence in their regulatory compliance.
Voting Information: The on-chain vote is scheduled for May 31 2024. UNI token holders must transfer their tokens before this date to participate.
Significance for UNI Holders: This vote is crucial as it will influence the platform's fee structure and future governance.
The Uniswap Foundation's decision to proceed with the fee proposal, despite regulatory scrutiny, underscores its commitment to innovation and community governance. UNI token holders are encouraged to participate in the vote to shape Uniswap's future. $UNI $PEOPLE $BB
#ETHETFsApproved #Uniswap’s #BBMegadrop #PEOPLEbullish #bouncebit
Disclaimer:
Research before investing, use only risk-worthy funds, and take full responsibility for your decisions.
#NFG #altcoins #BTC #BlackRock $BTC $ETH $BNB https://www.binance.com/en/square/post/7731962673730?ref=81847893&utm_campaign=app_square_share_link&utm_source=copylink
LIVECrypto De Nostradame
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Bullish
Less than 10% of Stablecoin Transaction Volume Consists of Real Users.
According to new findings from Visa and data platform Allium Labs, less than 10% of stablecoin transaction volumes are organic, that is, real people.
The report stated that only $49 billion of the approximately $2.2 trillion in transactions recorded in April were realized through "organic payment activities." The analysis excludes bots and traders executing high-volume trades in order to "detect trades made by real people."
Broker firm Bernstein reported that the stablecoin market supply currently stands at approximately $150 billion, with #Tether (USDT) and #USD Coin (USDC) dominating the market with shares of 75% and 22% respectively.
The note containing the findings of Visa's crypto head Cuy Sheffield included the following statements:
“Use scenarios where blockchains facilitate transactions that can be initiated by the end user manually or through automated bots take up a large amount of space in the data.”
According to the analysis, despite the difference between the total transfer volume and the bot-derived transfer volume, the number of stablecoin users increased steadily, reaching 27.5 million monthly active users.
$ETH $BNB $BTC
According to new findings from Visa and data platform Allium Labs, less than 10% of stablecoin transaction volumes are organic, that is, real people.
The report stated that only $49 billion of the approximately $2.2 trillion in transactions recorded in April were realized through "organic payment activities." The analysis excludes bots and traders executing high-volume trades in order to "detect trades made by real people."
Broker firm Bernstein reported that the stablecoin market supply currently stands at approximately $150 billion, with #Tether (USDT) and #USD Coin (USDC) dominating the market with shares of 75% and 22% respectively.
The note containing the findings of Visa's crypto head Cuy Sheffield included the following statements:
“Use scenarios where blockchains facilitate transactions that can be initiated by the end user manually or through automated bots take up a large amount of space in the data.”
According to the analysis, despite the difference between the total transfer volume and the bot-derived transfer volume, the number of stablecoin users increased steadily, reaching 27.5 million monthly active users.
$ETH $BNB $BTC
#NFG #BullorBear #BTC #bitcoin $BTC $ETH $BNB https://www.binance.com/en/square/post/7527623259433?ref=535112843&utm_campaign=app_square_share_link&utm_source=copyLink
LIVECryptoNews
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Senator Lummis Challenges DOJ’s Stance on Private Crypto Wallets
U.S. Senator Cynthia Lummis argued that the Department of Justice’s position on crypto self-custody conflicts with existing Treasury guidance and breaches the rule of law.
Lummis (R-WY) says she opposes the Biden Administration’s criminalization efforts related to the Bitcoin (BTC) network and decentralized finance (defi).
I am deeply concerned by the Biden administration criminalizing core tenants of the Bitcoin network and decentralized finance.My full statement. ⬇️ pic.twitter.com/M3CHcNTi3x
— Senator Cynthia Lummis (@SenLummis) May 1, 2024
You might also like: UK Treasury warns of money laundering risks via cryptocurrency
The Department of Justice’s stance has prompted legal actions against cryptocurrency entities, such as the indictment against Bitcoin mixer Samourai Wallet and Tornado Cash developer Roman Storm for unlicensed money transmission.
The cryptocurrency community, led by advocacy groups like Coin Center, has strongly opposed the DOJ’s interpretation.
“Every functioning cryptocurrency wallet and smart contract is doing money transmission and every developer is engaged in unlicensed money transmission,” said Peter Van Valkenburgh, director of research at Coin Center, noting that this stance contradicts FinCEN’s established guidelines.
Coin Center has also filed an amicus brief in support of Roman Storm, asserting that the publication of Tornado Cash’s code is protected under the First Amendment.
Read more: The crypto industry will only benefit from regulation | Opinion
Lummis (R-WY) says she opposes the Biden Administration’s criminalization efforts related to the Bitcoin (BTC) network and decentralized finance (defi).
I am deeply concerned by the Biden administration criminalizing core tenants of the Bitcoin network and decentralized finance.My full statement. ⬇️ pic.twitter.com/M3CHcNTi3x
— Senator Cynthia Lummis (@SenLummis) May 1, 2024
You might also like: UK Treasury warns of money laundering risks via cryptocurrency
The Department of Justice’s stance has prompted legal actions against cryptocurrency entities, such as the indictment against Bitcoin mixer Samourai Wallet and Tornado Cash developer Roman Storm for unlicensed money transmission.
The cryptocurrency community, led by advocacy groups like Coin Center, has strongly opposed the DOJ’s interpretation.
“Every functioning cryptocurrency wallet and smart contract is doing money transmission and every developer is engaged in unlicensed money transmission,” said Peter Van Valkenburgh, director of research at Coin Center, noting that this stance contradicts FinCEN’s established guidelines.
Coin Center has also filed an amicus brief in support of Roman Storm, asserting that the publication of Tornado Cash’s code is protected under the First Amendment.
Read more: The crypto industry will only benefit from regulation | Opinion
#NFG #BinanceLaunchpool #BTC $BNB $ETH $SOL https://www.binance.com/square/post/7215924429265?ref=411036803&utm_campaign=web_square_share_link&utm_source=copylink
LIVECrypto De Nostradame
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Bullish
Top 10 Altcoins That Lose the Most Money to Their Investors.
Algorand (ALGO) is currently leading the pack, with onchain data showing over ninety-one percent of token holders experiencing losses.
Sandbox (SAND) and Arbitrum (ARB) are in second and third place, respectively, and 84.58% and 83.43% of investors experience losses in their respective investments.
According to the data on the blockchain, the full list with the percentage of token holders who lost money is as follows:
Algorand (ALGO) – 91%
Sandbox (SAND) – 84.58%
Arbitrum (ARB) – 83.43%
Axie Infinity (AXS) – 79.04%
Chiliz (CHZ) – 69.43%
Cardano (ADA) – 60.01%
Lido DAO (LDO) – 55.01%
Uniswap (UNI) – 52.02%
However, the cryptocurrency market as a whole is currently going through a period of major decline from its recent highs. During the day, the Bitcoin price fell by almost 5%, falling below $60,000.
Current Status of Bitcoin, Ethereum and Other Cryptocurrencies
From Ethereum's perspective, the scenario looks a little more negative. Over the last twenty-four hours, the value of the world's largest alternative cryptocurrency has decreased by 6.65 percent. Despite Binance's former CEO Changpeng Zhao receiving a less severe penalty than expected, BNB, the second-largest alternative cryptocurrency, has failed to recover sufficiently and is currently down 3% on the day.
Ethereum, the second largest cryptocurrency token by market value, fell 5.7 percent to $2,986 at 11:35am ET. Toncoin (-5.3%), Dogecoin (-8%), Shiba Inu (-8.4%), Avalanche (-6.9%), BNB (-5%), Solana (-7.6%) , XRP (-2.1%) and other major crypto tokens all saw declines.
Bitcoin's value fell 5.2% to $59,950 in Wednesday's trading session as traders prepared for key economic data and awaited the Federal Reserve's interest rate decision later in the day.
#FreeCZ #ScamRiskWarning
Algorand (ALGO) is currently leading the pack, with onchain data showing over ninety-one percent of token holders experiencing losses.
Sandbox (SAND) and Arbitrum (ARB) are in second and third place, respectively, and 84.58% and 83.43% of investors experience losses in their respective investments.
According to the data on the blockchain, the full list with the percentage of token holders who lost money is as follows:
Algorand (ALGO) – 91%
Sandbox (SAND) – 84.58%
Arbitrum (ARB) – 83.43%
Axie Infinity (AXS) – 79.04%
Chiliz (CHZ) – 69.43%
Cardano (ADA) – 60.01%
Lido DAO (LDO) – 55.01%
Uniswap (UNI) – 52.02%
However, the cryptocurrency market as a whole is currently going through a period of major decline from its recent highs. During the day, the Bitcoin price fell by almost 5%, falling below $60,000.
Current Status of Bitcoin, Ethereum and Other Cryptocurrencies
From Ethereum's perspective, the scenario looks a little more negative. Over the last twenty-four hours, the value of the world's largest alternative cryptocurrency has decreased by 6.65 percent. Despite Binance's former CEO Changpeng Zhao receiving a less severe penalty than expected, BNB, the second-largest alternative cryptocurrency, has failed to recover sufficiently and is currently down 3% on the day.
Ethereum, the second largest cryptocurrency token by market value, fell 5.7 percent to $2,986 at 11:35am ET. Toncoin (-5.3%), Dogecoin (-8%), Shiba Inu (-8.4%), Avalanche (-6.9%), BNB (-5%), Solana (-7.6%) , XRP (-2.1%) and other major crypto tokens all saw declines.
Bitcoin's value fell 5.2% to $59,950 in Wednesday's trading session as traders prepared for key economic data and awaited the Federal Reserve's interest rate decision later in the day.
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