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⭐️ Binance Launches Renzo (EZ): Liquid Restacking Protocol Binance, a leading cryptocurrency exchange, has unveiled Renzo (EZ) as its 53rd Launchpool project, introducing a novel liquid restacking protocol to the crypto ecosystem. Renzo aims to revolutionize mining activities by allowing users to mine through depositing BNB and FDUSD. Scheduled for launch on April 30, 2024, UTC, Renzo boasts a maximum supply of 10 billion coins, with an initial supply of 1.06 billion coins. Renzo’s launch mechanism involves staking BNB and FDUSD into separate pools, enabling users to farm EZ tokens over six days starting from April 24, 00:00 (UTC). This process not only facilitates token distribution but also fosters active participation from users, promoting community engagement within the Renzo ecosystem. Previously, Binance Labs showed its conviction by investing in the Renzo project. The contribution became evidence of trustworthiness in the community. Being the first exchange to list Renzo, Binance will provide trading pairs like REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY. #REZ #BinanceLaunchpool

⭐️ Binance Launches Renzo (EZ): Liquid Restacking Protocol

Binance, a leading cryptocurrency exchange, has unveiled Renzo (EZ) as its 53rd Launchpool project, introducing a novel liquid restacking protocol to the crypto ecosystem. Renzo aims to revolutionize mining activities by allowing users to mine through depositing BNB and FDUSD. Scheduled for launch on April 30, 2024, UTC, Renzo boasts a maximum supply of 10 billion coins, with an initial supply of 1.06 billion coins.

Renzo’s launch mechanism involves staking BNB and FDUSD into separate pools, enabling users to farm EZ tokens over six days starting from April 24, 00:00 (UTC). This process not only facilitates token distribution but also fosters active participation from users, promoting community engagement within the Renzo ecosystem.

Previously, Binance Labs showed its conviction by investing in the Renzo project. The contribution became evidence of trustworthiness in the community. Being the first exchange to list Renzo, Binance will provide trading pairs like REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY.

#REZ #BinanceLaunchpool

Aviso legal: Se incluyen opiniones de terceros. Esto no respresenta una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.
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⭐️ Crypto Trader Bets Big on Ethereum, Hints at ETF Approval Prominent crypto trader James Fickel engaged in a recent transaction that suggests a bullish outlook on Ethereum compared to Bitcoin. The move has fueled speculation about Fickel’s optimism regarding the potential approval of Ethereum ETFs by the SEC. 💬 As the SEC requires exchanges to expedite the update of 19B-4 documents on ETH ETFs, the probability of approval of $ETH ETFs has greatly increased. James Fickel ontinued to borrow 350 WBTC ($25M) from #Aave and exchanged it for 6,905 ETH long the… — Lookonchain May 21, 2024 According to data sourced from Etherscan and shared by crypto analytics handle Lookonchain, Fickel borrowed approximately 350 Wrapped Bitcoin (WBTC) equivalent to $25 million from the decentralized finance platform Aave. He then exchanged these for about 6,905 ET. This move indicates Fickel’s positioning for potential gains in the ETH/BTC trading pair. Lookonchain acknowledged that ongoing speculation surrounding the possible approval of Ethereum ETFs by the SEC. The SEC has urged exchanges to hasten the update of 19B-4 documents related to ETH ETFs, hinting at a possible green light soon. This strategic decision is part of a larger pattern where, since the introduction of the Bitcoin ETF, Fickel has accumulated 2,741 WBTC ($150.3 million) and exchanged it for 50,693 ETH at a rate of 0.05408. The timing and scale of these transactions suggest a calculated bet on Ethereum’s rising prominence and value, presumably in anticipation of ETF-related growth. The SEC is intensively reviewing the Rule 19b-4 and S-1 filings necessary for the approval of Ethereum ETFs as these regulatory filings are crucial for ETFs to be listed on prominent exchanges such as the NYSE and Nasdaq. By considering the timing of Fickel’s activities in relation to the SEC’s review process, some analysts believe his trading decisions are likely influenced by the anticipated regulatory outcome. #ETF #ETH
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💥 Binance Labs Announced It Invested in a New Altcoin, Price Reacted! Binance Labs, the venture capital and incubation arm of Binance, the world's largest cryptocurrency exchange, announced that it has invested in Aevo to Support the Future of L2 Blockchain Innovations. At this point, Binance Labs stated that it has invested in Aevo, a high-performance Layer 2 (L2) built on top of the OP Stack that allows continuous trading, pre-launch futures and options on the same platform. 💬 “Binance Labs invested in Aevo, a high-performance Layer 2 (L2) . Aevo is a decentralized derivatives clearing platform focusing on options and perpetual contracts. Year-to-date, Aevo has processed more than $80 billion in derivatives volume and generated more than $30 million in fees with an average of 50 thousand monthly active users (MAUs) on the platform. As part of the future roadmap, Aevo will launch vault strategies, yield products and Aevo staking.” 💬 We’ve invested in @Aevo Aevo is a decentralized derivatives exchange platform, focused on options and perpetual contracts. #AEVO $AEVO
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Coin : GALA / USDT - SHORT SIGNAL 📉 Time Interval: 1h 🕗 Price : 0.04165 ------------- Based on the financial indicators for GALAUSDT on the 1-hour timeframe, I recommend selling. The price is currently below the SMA and EMA levels, indicating a bearish trend. Additionally, the RSI is below 50, suggesting potential further downward movement. 🟢 Take Profit: 0.039 🔴 Stop Loss: 0.043 Remember to monitor the price closely as it approaches the stop loss level and consider adjusting your position accordingly. $GALA #GALA #signals
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