Cryptocurrency market overview | May 29 🧙‍♂️ #MarketCap | Crypto De Nostradame en Binance Square

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Cryptocurrency market overview |  May 29
 🧙‍♂️ #MarketCap : $2.55 trillion (-0.11%)
 🧙‍♂️ #BTC  dominance: 52.41% (+0.01%)
 🧙‍♂️ Fear and Greed Index: 72 (greed)
$BTC $ETH $BNB 

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This Solana Meme Officially Rocketed Coin: On Investors' Radar With 1,500% Rally! The price of the meme coin Chewy (CHWY) on the Solana blockchain has increased by over 1,500% in the last 24 hours. Data from DEX Screener reveals that CHWY's market value approached $10 million after this unexpected increase. Launched on June 27, CHWY experienced a dramatic rise. It first rose over 13,500%, then dropped 96% and is now up 15x in value. However, there is an obvious catalyst for the recent price increase: Keith Gill, better known as Roaring Kitty, is trading with Chewy Inc. in a new SEC filing. announced its 6.6% stake in the company. Gill gained fame for his role in the GameStop short sale in 2021. It's also worth noting that Chewy is an online retailer specializing in pet food and products. Interestingly, Gill shared a photo of a cartoon dog on a blue background on X three days before the meme coin's rise. Coincidentally, the Solana meme character Chewy also appeared around the same time.

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Binance Announces a New Rewards System to Kick Fraudsters Off the Platform. All large companies conduct comprehensive internal audits from time to time. After a similar audit, Binance, one of the world's largest cryptocurrency exchanges, revealed that the platform's services and features could be exploited. The company has taken action against abuses that cause unfair transactions on the crypto exchange, such as increasing transaction fees, reaching API limits, etc. Following legal moves from government administrators around the world, #Binance is rolling up its sleeves for some changes. The company stated in its blog post that criminals target sub-accounts, control sub-wallets and use fund management accounts to bypass security measures. Binance stated that they started using innovative monitoring technologies to prevent such abuses and took necessary actions by examining "all potential or suspected abuses". #Binance had also frozen the transactions of millions of dollars of crypto assets stolen from BtcTurk. Aiming to make the platform even more secure, Binance has launched a program where it will reward those who report suspicious transactions. The number of users of the cryptocurrency exchange reached 170 million by the end of 2023. On the other hand, #Binance was fined $2.25 million by India and accused of failing to prevent money laundering. On the other hand, many countries such as Hong Kong and Türkiye are also working to regulate cryptocurrencies. Still, Binance continues its operations with a volume of $2.26 trillion.

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🧙‍♂️SEC sued Silvergate Bank in federal court for securities fraud.

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Binance Confirms 1.7 Billion LUNC Was Burned. Crypto exchange Binance is embarking on a big change with the community app Tax2Gas. For this purpose, 1.7 billion Terra Luna Classic (LUNC) tokens were burned. With this amount of burn, the crypto community is curious about the next target. #Binance , the world's largest crypto exchange, burned 1.7 billion Terra Luna Classic tokens in the latest wallet burn on Monday. After the 23rd batch of the LUNC burning mechanism, Binance has burned approximately 62 billion LUNC to date. Moreover, the total LUNC tokens burned by the Terra Luna Classic community have exceeded 125 billion. Binance continues to support the community for the Terra Luna Classic revival since 2022 through the monthly LUNC burn mechanism. The Terra Luna Classic community witnessed the cremation on July 1. 1.7 billion Terra Luna Classic tokens were burned by crypto exchange Binance. The incineration also recorded 8.5 million LUNC in taxes. The Tax2Gas implementation expected this month will likely increase the burn rate. The 23rd batch of the LUNC burning mechanism saw Binance spend a significant amount of transaction fees for the period from May 31 to June 29. Binance has currently been able to burn approximately 61.99 billion Terra Luna Classic tokens from transaction fees on the #LUNC spot and margin trading pairs. As a result of the recent burn by Binance, the net burn of the Terra Luna Classic community has now exceeded 125 billion LUNC. Binance accounts for over 50% of the total LUNC burned since the community took control of the chain. The reason behind the low burning amount, unlike the community, is due to less processing.

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Giant Acquisition from BlackRock US-based BlackRock, one of the world's largest asset management companies, announced that an agreement was reached to acquire British financial data provider Preqin for $ 3.2 billion. In the written statement made by #BlackRock⁩ , it was stated that British financial data provider Preqin accepted BlackRock's $3.2 billion cash purchase offer. BlackRock aims to strengthen its software division Aladdin by bringing together data, research and investment processing for fund managers through the acquisition. The $3.2 billion acquisition is expected to be completed this year, following the necessary permits. It was noteworthy that BlackRock purchased Preqin, beating the offers of Bloomberg, London Stock Exchange and S&P Global.

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