Binance Square
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Binance Market Update (2024-06-25)

The global cryptocurrency market cap now stands at $2.42T, up by 3.44% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $58,402 and $62,136 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $60,932, down by -1.93%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include LISTA, WIF, and FET, up by 31%, 21%, and 17%, respectively. Top stories of the day: Bitcoin Market May Experience V-Shaped Rebound, Analyst Mignolet Predicts Largest Digital Asset and Nvidia Experience Market Turbulence XRP Maintains Stability Amid Market Turbulence, Trading Volume Increases Hong Kong's Position As Major Asset Management Hub Remains Solid, Report Reveals AI Concept Coins Show Significant Increase Federal Reserve Falls Victim to Ransomware Attack, Claims LockBit FBTC Experiences Continuous Net Outflow, Reports Farside Investors Federal Reserve's Daly Cautions Against Premature Rate Relaxation Bitcoin Prices Drop As Mt. Gox Plans To Return Stolen Assets In July Digital Asset Investment Products Witness Second Consecutive Week of Outflows Market movers: ETH: $3361.81 (+0.10%) BNB: $570.1 (+0.04%) SOL: $135.19 (+8.29%) XRP: $0.4753 (+0.11%) DOGE: $0.12228 (+3.82%) ADA: $0.3893 (+4.17%) TRX: $0.12117 (+2.22%) SHIB: $0.00001712 (+1.48%) AVAX: $25.01 (+2.79%) WBTC: $60990.67 (-1.89%) Top gainers on Binance: LISTA/USDT (+31%) WIF/USDT (+21%) FET/USDT (+17%)
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Looking to Increase Your Commission Earnings? Integrate the News Bot into Your Telegram Groups/Channels

Contact Binance News: binancenews@binance.com Updated April 22, 2024 How to Earn Commissions with  Binance News? Want to not only stimulate lively discussions within your community but also earn commissions? Binance News introduces a Telegram bot that shares carefully curated news articles selected by our expert editorial team. We extend a warm invitation for you to seamlessly integrate this bot into your Telegram communities, providing your users with up-to-the-minute news and market insights. When sharing news pieces with your followers, the bot will integrate your referral ID into links. For every new user successfully referred to Binance via the links, the referrer will receive a commission on fees anytime the new referred user trades on any of Binance’s Spot or Margin markets. For more details, please refer to the Binance Standard Referral Mode Guide: https://www.binance.com/en/support/faq/binance-standard-referral-mode-guide-cbac15853b0243cda4a90c9c03ca0c38 .  How Can You Get Started? 1) Add the bot (@OfficialBinanceFeedBot) to your Telegram groups or channels and grant it permission to send messages. 2) Find your Referral ID in the Standard Referral tab and decide whether to create one specifically for the bot (Learn more about how to get your Referral ID: https://www.binance.com/en/support/faq/how-to-use-binance-referral-program-e4df6cfe66d940debdc1c77d05ae3381) 3) After completing the two steps mentioned above, simply share your group or channel links along with your Referral ID with the Binance News team, and we'll take care of the rest with our tech team. Note: Please contact us, and our technical team will assist you with the necessary configuration. Simply adding the bot as a group member will not successfully share news articles into the group. The bot is currently available in English, Simplified Chinese, and Traditional Chinese, with more languages coming soon. Why Partner with Binance News? Top-Quality Content for FREE Traditionally, procuring content licenses from leading crypto media outlets could cost over $5000 USD monthly. Binance is revolutionizing this landscape by offering premium content to our valued partners at no cost. Boost Your Credibility Through Partnership with Binance News As the official news channel of the world's largest crypto exchange, Binance News boasts the highest number of followers on Binance Square. This underscores the trust and reliance placed in Binance News. By seamlessly integrating Binance News content into your platform, you not only provide invaluable insights to your users but also enhance the credibility of your brand. About Binance News Binance News (https://www.binance.com/en/feed/news/all) stands as the foremost news source within Binance Square, one of the world's largest crypto communities. Committed to delivering real-time market data and the latest trends, Binance News ensures your audience remains consistently ahead in the dynamic realm of cryptocurrency.
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Binance Labs Invests in Infrared to Enhance Proof of Liquidity

Binance Labs has invested in Infrared, a protocol designed to provide users with seamless access to Berachain’s Proof of Liquidity (PoL) mechanism. - Mission: Infrared aims to maximize value capture by offering liquid staking solutions for BGT (Berachain Governance Token) and BERA (Berachain Gas Token), along with essential node infrastructure and PoL vaults. Investment Highlights: - Binance Labs' Role: The venture capital and incubation arm of Binance, Binance Labs, has strategically invested in Infrared to support its innovative approach to Proof of Liquidity on the Berachain network. - User-Friendly Solutions: Infrared focuses on delivering user-friendly liquid staking solutions, enhancing the utility of staked assets while maintaining liquidity through products such as “iBGT” and “iBERA.” Infrared’s Vision: - Strengthening Berachain: The funding will help Infrared reinforce the Berachain network’s backbone, ensuring security, efficiency, and reliability. - Enhancing Products: Infrared plans to refine its staking solutions, allowing participants to maximize their staked assets' utility without sacrificing liquidity. - Boosting Network Performance: Improved user experience and network performance are expected to drive broader adoption of the Berachain ecosystem. Berachain’s PoL Mechanism: - BGT and BERA Roles: BGT governs future BGT emissions and becomes non-transferable upon issuance to an address, while BERA is utilized by validators for staking, block production, and rewards. - Utility of iBGT: By depositing BGT into Infrared vaults, users receive iBGT, a liquid wrapper enabling them to retain BGT benefits while exceeding DeFi ecosystem functionalities. Statements from Industry Leaders: - Yi He, Co-Founder of Binance and Head of Binance Labs:  “At Binance Labs, we are always on the lookout for projects growing the blockchain industry so look forward to supporting Infrared in its mission to create an infrastructure that will drive the future growth of decentralized finance." Raito, Founder of Infrared Finance:  “We are incredibly excited to receive support from an industry leader like Binance Labs. This investment validates our vision and with Binance Labs' investment, we are more confident than ever in our ability to build the infrastructure and tools needed to drive the future growth of Berachain." Binance Labs' investment in Infrared signifies a pivotal step towards enhanced Proof of Liquidity mechanisms on Berachain. With a focus on innovative staking solutions and network optimization, Infrared is poised to drive substantial growth in the DeFi landscape and support the broader adoption of Berachain.
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Binance Market Update (2024-06-24)

The global cryptocurrency market cap now stands at $2.42T, up by 3.44% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $62,043 and $64,429 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $62,126, down by -3.57%. Most major cryptocurrencies by market cap are trading lower. Market outperformers include MTL, CREAM, and POND, up by 22%, 5%, and 3%, respectively. Top stories of the day: Bitcoin May Follow Double Top Pattern, Predicts 10x Research Founder SEC and Ripple Labs Dispute Continues: Key Developments Cryptocurrency Investors Experience First Full Bull Market, Says Mechanism Capital Co-Founder CoinStats Security Breach Results In A Loss Of Approximately $2 Million Japanese Listed Company Metaplanet Approves Bitcoin Investment Farcana's FAR Wallet Suffers Hacker Attack, Team Works to Secure User Assets Tokenized Financial Assets Could Reach $20 Trillion By 2030, Analysts Predict  Will Bitcoin's $60K Support Hold? Key Factors Driving BTC Price Action This Week  Crypto Market Faces Losses Amid Doubts Over Federal Reserve's Rate Cut Scope  Bitcoin Dominates Other Asset Classes, Despite Recent Performance Dip Market movers: ETH: $3358.44 (-4.20%) BNB: $569.9 (-3.57%) SOL: $124.83 (-7.23%) XRP: $0.4748 (-2.72%) DOGE: $0.11777 (-6.04%) ADA: $0.3736 (-4.55%) TRX: $0.11854 (-1.24%) SHIB: $0.00001687 (-7.05%) AVAX: $24.34 (-5.73%) WBTC: $62201.43 (-3.42%) Top gainers on Binance: MTL/USDT (+22%) CREAM/USDT (+5%) POND/USDT (+3%)
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Binance Market Update (2024-06-23)

The global cryptocurrency market cap now stands at $2.42T, up by 3.44% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $64,219 and $64,521 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $64,428, up by 0.18%. Most major cryptocurrencies by market cap are trading higher. Market outperformers include 1000SATS, MTL, and PEOPLE, up by 19%, 17%, and 12%, respectively. Top stories of the day: Binance Assists BtcTurk in Investigation, Freezes Over $5.3 Million in Stolen Funds  BNB Chain Launches Multi Datastore For BSC Geth, Enhancing Performance BNB Chain Updates Its High-Risk DApp Red Alarm Project List Dubai Financial Services Authority Launches Comprehensive Digital Asset Regime to Attract Global Web3 Companies CoinStats CEO Responds to Recent Security Incidents: Restoring Production Environment and Isolating Attackers DeFiance Capital's Official Account Hacked, Founder Issues Warning Dell Technologies Founder Michael Dell May Invest in Bitcoin, Sparking Market Expectations  BlackRock, Grayscale, and MicroStrategy Lead Bitcoin Holdings Globally Bitcoin Hits Five-Week Low, Altcoins Follow Suit Global Bitcoin ETFs Hold Over One Million BTC  Market movers: ETH: $3505.79 (+0.51%) BNB: $591 (+0.78%) SOL: $134.57 (+0.18%) XRP: $0.4881 (+0.68%) DOGE: $0.12533 (+1.31%) ADA: $0.3914 (+4.23%) SHIB: $0.00001815 (+1.11%) TRX: $0.12003 (+0.59%) AVAX: $25.82 (+2.22%) WBTC: $64426.86 (+0.17%) Top gainers on Binance: 1000SATS/USDT (+19%) MTL/USDT (+17%) PEOPLE/USDT (+12%)
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Binance Market Update (2024-06-22)

The global cryptocurrency market cap now stands at $2.42T, up by 0.55% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $63,379 and $64,547 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $64,311, up by 0.66%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include HIVE, BAKE, and STRAX, up by 17%, 16%, and 13%, respectively. Top stories of the day: Fidelity Files Amended Registration Statement for Ethereum Spot ETF S-1 Rapper 50 Cent's Account Hacked, $300 Million Stolen Through Meme Token GUNIT  Dubai Financial Services Authority Focuses on Cross-Border Regulation of Digital Assets  21Shares And Grayscale Submit Revised Ethereum ETF Forms To SEC  SEC Concludes Investigation Into Consensys' Ethereum 2.0, No Charges Filed  CryptoQuant CEO: Bitcoin Network Fundamentals Could Triple Its Market Value  Bloomberg Analyst: Ethereum Spot ETF Expected to Launch on July 2  Standard Chartered Bank to Establish Spot Trading Desk for Bitcoin and Ethereum  U.S. Initial Jobless Claims Rise, Cooling Rate Cut Expectations and Impacting Copper Market Trends  MicroStrategy's Bitcoin Holdings Achieve Floating Profit of Over $6 Billion Market movers: ETH: $3487.84 (-0.12%) BNB: $586.3 (+0.41%) SOL: $134.33 (+2.18%) XRP: $0.4848 (-0.84%) DOGE: $0.12371 (-0.24%) ADA: $0.3755 (-2.62%) SHIB: $0.00001795 (+0.79%) TRX: $0.11933 (+2.28%) AVAX: $25.25 (-9.14%) WBTC: $64291.64 (+0.61%) Top gainers on Binance: HIVE/USDT (+17%) BAKE/USDT (+16%) STRAX/USDT (+13%)
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Binance Market Update (2024-06-21)

The global cryptocurrency market cap now stands at $2.42T, down by -1.20% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $63,523 and $66,483 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $63,892, down by -2.64%. Most major cryptocurrencies by market cap are trading lower. Market outperformers include LISTA, ZRO, and MTL, up by 3504%, 219%, and 14%, respectively. Top stories of the day: BNB Chain to Slash Transaction Costs with BEP 336 Upgrade  ZRO Token Plummets 17% Amid Controversy Over LayerZero’s 'Not an Airdrop' Launch Doubling Of Japanese-Listed Companies Holding Cryptocurrencies Tron Network's USDT Daily Transaction Volume Surpasses Visa Cryptocurrency Transactions Unlikely On X Platform In The Near Future US Court Rejects Four Collective Lawsuits Against Ripple, Allows One State Lawsuit to Proceed IBIT Sees Net Inflow While VanEck HODL and BTCO Record Net Outflows Solana Blockchain Dominates 60% of DEX Trading Volume Increase in May Richmond Fed Chair Urges Clarity On Inflation Path Before Rate Cut 3iQ Submits Documents For The Launch Of First Solana ETF In North America Market movers: ETH: $3492.01 (-2.61%) BNB: $583.9 (-3.10%) SOL: $131.45 (-4.32%) XRP: $0.489 (-1.75%) DOGE: $0.12401 (-1.38%) ADA: $0.3857 (-1.56%) AVAX: $27.78 (-1.35%) SHIB: $0.00001781 (-4.40%) TRX: $0.11666 (-0.08%) WBTC: $63974.7 (-2.63%) Top gainers on Binance: LISTA/USDT (+3504%) ZRO/USDT (+219%) MTL/USDT (+14%)
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Weekly Market Highlights - Airdrop Season Resumes

21 June 2024 Macro/TradFi Australia’s largest stock exchange, ASX, has approved its first spot Bitcoin ETF. MicroStrategy has bought an additional 11,931 bitcoin for US$786M, at an average price of $65,883 per bitcoin. Crypto L1/L2: ConsenSys has announced that the Securities and Exchange Commission has closed its investigation into Ethereum 2.0.  The TON blockchain has hit a record high of more than US$600M in TVL, with numerous protocols experiencing significant growth over the past week. Following its airdrop earlier in the week, the 7-day moving average of active addresses on zkSync Era has risen steadily through the week. However, the metric remains far below its peak of 464.8K addresses on Jan 25, compared to 261.7K on Jun 16. Blast L2 has announced plans for a token airdrop for users on Jun 26. DeFi: The number of traders on Base DEXes has continued to rise, reaching a record high of 267K daily active users on June 17. Decentralized derivatives protocol SynFutures has announced that it will be expanding to Base. Stablecoins: According to data by Tagus Capital, stablecoin issuers are now the world's 18th largest holders of U.S. debt, holding more than US$120B in U.S. Treasury notes. Gaming Ronin, the gaming-focused blockchain, has announced plans to introduce Ronin zkEVM, which would allow builders to launch their own L2s on top of Ronin mainnet. Others: The second phase of the Season 1 EIGEN stakedrop is live, bringing the total Season 1 distribution to about 113 million EIGEN. This represents 6.7% of the 15% of the total EIGEN supply set aside for stakedrops.  LayerZero Foundation has announced the airdrop of its native token ZRO. Recipients have to donate 10 cents worth of ETH or stablecoin for each token they wish to claim. Global credit rating agency Moody’s Ratings has issued an “A-bf” rating to Hill Lights International Limited, the entity responsible for issuing OpenEden’s tokenized U.S. Treasury bills, TBILL. Tether has announced the launch of Alloy by Tether, an open platform that allows the creation of different assets with broader backing mechanics. The first token to be launched is aUSD₮, which is designed to track the value of one US dollar and over-collateralized by Tether Gold (XAU₮). Deutsche Telekom, the parent company of T-Mobile, has announced plans to mine Bitcoin. Blockchain security firm CertiK said that they identified a series of critical vulnerabilities in Kraken’s deposit system. This follows Kraken’s disclosure that nearly US$3M was exploited in a bug that has now been fixed. Latest Binance Research Publications  Check out our latest publications: Monthly Market Insights - June 2024 The Future of Bitcoin #3: Scaling Bitcoin Breakthrough DeFi Markets Explore our Binance Research website for more project and macro research. For more frequent market updates and insights, follow us on Twitter @BinanceResearch. That’s a wrap! Binance Research About Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes. General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.
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Binance Announces TVL Incentive Program #3: Aimed at Boosting BNB and TVL Growth on opBNB and BSC

Binance has unveiled the TVL Incentive Program #3, an innovative initiative designed to spur BNB and Total Value Locked (TVL) growth for projects on opBNB and Binance Smart Chain (BSC). This initiative seeks to increase BNB/liquid staking BNB (lstBNB) lock-up and incentivize the ecosystem through substantial rewards. Participation Details Interested participants are encouraged to complete the submission form with the following details: - Project Name - Deployment Chain - Relevant Contract Addresses Challenge Overview The TVL Incentive Program #3 comprises two main parts: Part A: BNB Lock-up Challenge – Competing for a $100,000 Prize Pool - Open to all DeFi platforms that support BNB staking. - The challenge ranks participants based on incremental BNB locked and Liquid Staking BNB locked during the event. - Prize Pool: $100,000 Key Dates - Registration Period: June 19, 2024, 00:00 UTC - June 26, 2024, 23:59 UTC - Challenge Period: June 27, 2024, 00:00 UTC - July 27, 2024, 23:59 UTC - Winners Announcement: July 30, 2024 Reward Structure - Top 1: $50,000 - Top 2: $30,000 - Top 3: $20,000 Weighting and Baseline Formula - Incremental BNB Locked: 80% - Liquid Staking BNB (such as slisBNB, BNBx, stkBNB, ankrBNB): 20% - Baseline Formula: Average BNB locked for 30 consecutive days before the event announcement. - Incremental BNB Locked Calculation: Project’s average daily BNB locked for the last 7 days of the event – Baseline. Part B: TVL Incentive Program – Compete for Up to $200,000 in Prizes - Open to all DeFi projects on opBNB and BSC. - Prize pool determined by total incremental TVL of all participants. Prize Pool - Up to $200,000, subject to the total TVL increment. Key Dates - Registration Period: June 19, 2024, 00:00 UTC - June 26, 2024, 23:59 UTC - Challenge Period: June 27, 2024, 00:00 UTC - July 27, 2024, 23:59 UTC - Winners Announcement: July 30, 2024 Dynamic Prize Pool Formula - $200,000 * (Total TVL Increment / $50M) Example Scenarios - $200,000 if TVL increased by $60M that month - $200,000 if TVL increased by $50M that month - $80,000 if TVL increased by $20M that month Reward Structure - Ranking of Increment TVL: 70% - Ranking of Increment BNB Locked: 30% Baseline TVL Calculation - Average daily TVL for the 30 consecutive days before the event announcement. Ranking and Rewards - Top 1: 40% of the dynamic rewards pool  - Top 2: 30% of the dynamic rewards pool  - Top 3: 20% of the dynamic rewards pool  - Top 4: 7% of the dynamic rewards pool  - Top 5: 3% of the dynamic rewards pool Projects on opBNB and BSC will be ranked separately, and a project can only win once, with the highest value taken if it ranks in both. Eligibility Calculation - Incremental TVL per project: Project’s average daily TVL for the last 7 days of the event – Baseline TVL - Incremental BNB Locked per project: Project’s average daily BNB locked for the last 7 days of the event – Baseline BNB locked Participation Requirements - Projects deployed on opBNB mainnet - Projects deployed on BSC after January 1, 2023 - Projects with at least one security audit - Projects that complete the application form during the registration period Terms & Conditions - Participants must submit an application through the form. - Projects can participate in one or both challenges but can only win the highest value reward. - TVL derived from a project’s governance token is excluded. Reward Distribution - Part A Rewards: Sent to winners’ wallets within 3 weeks after the event ends. - Part B Rewards: Distributed in two batches; 50% within 2 weeks after the end of the event to the BEP20 wallet address provided, and the remaining 50% distributed after a one-month TVL retention period.
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Binance Launches HODLer Airdrops for BNB Holders

Binance has announced the launch of HODLer Airdrops aimed exclusively at BNB holders. This new initiative allows users who subscribe to Simple Earn products using BNB to receive airdropped tokens from projects with a large token circulating supply that plan to list on Binance soon. Key Features of HODLer Airdrops: - Exclusive for BNB Holders: Only Binance users holding and subscribing BNB to Simple Earn products are eligible. - Token Projects: Participants will receive tokens from projects with strong fundamentals, robust communities, and considerable circulating supplies. - Commitment to Users: Binance prioritizes fostering a healthy market environment and engaging with promising small to medium-sized projects. How to Benefit from HODLer Airdrops: 1. Visit Earn:   - Head to the [Earn](https://binance.com/earn) section on Binance.   - Search for BNB. 2. Subscribe to Simple Earn Products:   - Choose between Flexible and Locked Simple Earn products.   - Subscribe using your BNB holdings. 3. Await Announcements:   - Binance will post an announcement about upcoming HODLer Airdrops.   - Details about new token airdrops will be provided with each announcement. Reward Calculation: - Snapshot Process:  - Snapshots of user BNB balances and total pool balances are taken multiple times each hour.  - These snapshots will capture your hourly average balances in Simple Earn products.  - Binance uses historical snapshots of user balances at random periods post-announcement to determine rewards.  - Example: For HODLer Airdrops on June 11, 2024, snapshots might range from June 1 to June 7, 2024. - Reward Distribution:  - Eligible users receive HODLer Airdrops rewards in their Spot Wallets.  - Rewards are distributed within 24 hours after the HODLer Airdrop announcement. Example Process: 1. Announcement: Binance announces HODLer Airdrops will occur on June 11, 2024. 2. Historical Snapshots: Snapshots taken between June 1 to June 7, 2024, are used for reward calculations. 3. Eligibility Check: Users with BNB subscribed to Simple Earn products during the reference period are eligible. 4. Distribution: Eligible users receive their rewards in their Spot Wallets within 24 hours after the Airdrop announcement.
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