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$XRP Unknown things
$XRP is the native cryptocurrency of the XRP Ledger, an open-source, decentralized blockchain developed in 2012 by Ripple Labs. Designed to facilitate fast and cost-effective cross-border transactions, XRP aims to improve upon traditional banking systems by offering a more efficient alternative. Unlike many other cryptocurrencies, XRP is not mined; instead, 100 billion tokens were pre-mined at its inception, with no additional tokens to be created. Ripple Labs was allocated 80 billion XRP to fund operations and development, while the remaining tokens were distributed among the founders.
The XRP Ledger boasts several advantages, including low transaction costs (approximately $0.0002 per transaction), rapid settlement times (3-5 seconds), scalability (handling up to 1,500 transactions per second), and energy efficiency, making it a carbon-neutral platform.
As of February 26, 2025, XRP is trading at $2.24 USD, with an intraday high of $2.36 USD and a low of $2.17 USD. Recently, XRP experienced a cautious rebound, increasing over 8% to $2.32, following a sharp selloff. This movement mirrors a slight recovery in stock markets, though broader market trends continue to influence cryptocurrency values.
In recent developments, the U.S. Securities and Exchange Commission (SEC) has acknowledged new applications for XRP exchange-traded funds (ETFs) from firms such as CoinShares, Canary Capital, and WisdomTree. This acknowledgment indicates that the SEC is seeking public comments on these proposals, potentially paving the way for increased institutional adoption of XRP.
$XRP is the native cryptocurrency of the XRP Ledger, an open-source, decentralized blockchain developed in 2012 by Ripple Labs. Designed to facilitate fast and cost-effective cross-border transactions, XRP aims to improve upon traditional banking systems by offering a more efficient alternative. Unlike many other cryptocurrencies, XRP is not mined; instead, 100 billion tokens were pre-mined at its inception, with no additional tokens to be created. Ripple Labs was allocated 80 billion XRP to fund operations and development, while the remaining tokens were distributed among the founders.
The XRP Ledger boasts several advantages, including low transaction costs (approximately $0.0002 per transaction), rapid settlement times (3-5 seconds), scalability (handling up to 1,500 transactions per second), and energy efficiency, making it a carbon-neutral platform.
As of February 26, 2025, XRP is trading at $2.24 USD, with an intraday high of $2.36 USD and a low of $2.17 USD. Recently, XRP experienced a cautious rebound, increasing over 8% to $2.32, following a sharp selloff. This movement mirrors a slight recovery in stock markets, though broader market trends continue to influence cryptocurrency values.
In recent developments, the U.S. Securities and Exchange Commission (SEC) has acknowledged new applications for XRP exchange-traded funds (ETFs) from firms such as CoinShares, Canary Capital, and WisdomTree. This acknowledgment indicates that the SEC is seeking public comments on these proposals, potentially paving the way for increased institutional adoption of XRP.
Pi Coin (PI):
Mainnet Launch: Pi Network transitioned to its open mainnet on February 20, 2025, enabling transactions beyond its closed ecosystem.
Exchange Listings: Post-launch, PI was listed on multiple centralized exchanges, including OKX, HTX, Bybit, MEXC, Gate.io, BitMart, and Bitget. Binance conducted a community poll to determine interest in listing PI.
Market Performance: Following the mainnet launch, PI's price surged by 35%, reaching $1.97 before experiencing volatility.
For a comprehensive and up-to-date list of newly listed cryptocurrencies on Binance, you can visit their official announcements page.
Please note that the cryptocurrency market is highly volatile. It's essential to conduct thorough research and exercise caution before engaging in any trading activities.
Mainnet Launch: Pi Network transitioned to its open mainnet on February 20, 2025, enabling transactions beyond its closed ecosystem.
Exchange Listings: Post-launch, PI was listed on multiple centralized exchanges, including OKX, HTX, Bybit, MEXC, Gate.io, BitMart, and Bitget. Binance conducted a community poll to determine interest in listing PI.
Market Performance: Following the mainnet launch, PI's price surged by 35%, reaching $1.97 before experiencing volatility.
For a comprehensive and up-to-date list of newly listed cryptocurrencies on Binance, you can visit their official announcements page.
Please note that the cryptocurrency market is highly volatile. It's essential to conduct thorough research and exercise caution before engaging in any trading activities.
About Current Situation on Market
As of February 20, 2025, Binance, the world's largest cryptocurrency exchange, is navigating a complex landscape of legal challenges and operational adjustments.
Legal Challenges:
Nigeria Lawsuit: The Nigerian government has filed an $81.5 billion lawsuit against Binance, alleging $79.5 billion in economic damages and $2 billion in back taxes for the years 2022 and 2023. Nigerian authorities claim that Binance's operations have contributed to the devaluation of the local currency, the naira.
U.S. SEC Case: In the United States, a federal judge has granted a 60-day pause in the Securities and Exchange Commission's (SEC) civil lawsuit against Binance. This suspension allows a newly formed SEC task force to reassess cryptocurrency regulations, potentially influencing the case's outcome.
Leadership and Compliance:
Following founder Changpeng Zhao's resignation and guilty plea to violating anti-money laundering laws in November 2023, Richard Teng assumed the role of CEO. Teng is steering Binance towards enhanced regulatory compliance and transparency. Under his leadership, Binance has secured regulatory approvals in 21 countries and expanded its user base from 170 million to 240 million.
Operational Updates:
U.S. Services: Binance.US has reinstated fiat deposit and withdrawal services, which were suspended in June 2023 following SEC allegations. The platform now offers zero-fee transactions via ACH bank transfers, gradually rolling out this feature to all eligible users.
Spot Trading Pairs: Binance has announced the removal of certain spot trading pairs, effective February 21, 2025. Users are advised to review the official announcement for detailed information.
BNB Price Update:
Binance Coin (BNB) is currently trading at $649.42, reflecting a slight decrease of 0.66% from the previous close.
These developments underscore Binance's ongoing efforts to align with global regulatory standards while addressing legal and operational challenges.
As of February 20, 2025, Binance, the world's largest cryptocurrency exchange, is navigating a complex landscape of legal challenges and operational adjustments.
Legal Challenges:
Nigeria Lawsuit: The Nigerian government has filed an $81.5 billion lawsuit against Binance, alleging $79.5 billion in economic damages and $2 billion in back taxes for the years 2022 and 2023. Nigerian authorities claim that Binance's operations have contributed to the devaluation of the local currency, the naira.
U.S. SEC Case: In the United States, a federal judge has granted a 60-day pause in the Securities and Exchange Commission's (SEC) civil lawsuit against Binance. This suspension allows a newly formed SEC task force to reassess cryptocurrency regulations, potentially influencing the case's outcome.
Leadership and Compliance:
Following founder Changpeng Zhao's resignation and guilty plea to violating anti-money laundering laws in November 2023, Richard Teng assumed the role of CEO. Teng is steering Binance towards enhanced regulatory compliance and transparency. Under his leadership, Binance has secured regulatory approvals in 21 countries and expanded its user base from 170 million to 240 million.
Operational Updates:
U.S. Services: Binance.US has reinstated fiat deposit and withdrawal services, which were suspended in June 2023 following SEC allegations. The platform now offers zero-fee transactions via ACH bank transfers, gradually rolling out this feature to all eligible users.
Spot Trading Pairs: Binance has announced the removal of certain spot trading pairs, effective February 21, 2025. Users are advised to review the official announcement for detailed information.
BNB Price Update:
Binance Coin (BNB) is currently trading at $649.42, reflecting a slight decrease of 0.66% from the previous close.
These developments underscore Binance's ongoing efforts to align with global regulatory standards while addressing legal and operational challenges.
All about $BTC
All time low price:$0.04864654(2010)
All time High :$109,114.88(2025)
#BinanceAlphaAlert
All time low price:$0.04864654(2010)
All time High :$109,114.88(2025)
#BinanceAlphaAlert
$SHIB Supply Model
Initial Total Supply: 1 quadrillion (1,000,000,000,000,000) SHIB
Burned Supply: ~410 trillion SHIB (sent to a dead wallet, reducing circulation)
Current Circulating Supply: ~580 trillion SHIB
Is SHIB Deflationary?
Partially. While SHIB has a max supply, new tokens are not minted, and token burns gradually reduce supply over time.
How SHIB Burns Work
1. Vitalik Buterin Burn: In 2021, Ethereum co-founder burned 410 trillion SHIB (sent to a dead wallet).
2. Ongoing Burns: SHIB has a burn mechanism where tokens are sent to dead wallets regularly.
3. Shibarium Burns: The Shibarium Layer 2 network burns a portion of SHIB with transaction fees.
Impact of Limited Supply on Price
✅ Deflationary Effect: Over time, burns reduce supply, potentially increasing value.
✅ Higher Scarcity vs. DOGE: Unlike $DOGE , SHIB has a limited and shrinking supply.
❌ Still a Massive Supply: Even after burns, hundreds of trillions of SHIB still exist, making extreme price jumps (e.g., $0.01) difficult.
Can SHIB Reach $0.01 or $1?
For $0.01, SHIB would need a market cap of ~$5.8 trillion, which is larger than Bitcoin + Ethereum combined—very unlikely.
For $1, SHIB would need a market cap larger than the entire global economy, making it practically impossible.
However, gradual burns + mass adoption could push SHIB’s price higher in the long term.
Initial Total Supply: 1 quadrillion (1,000,000,000,000,000) SHIB
Burned Supply: ~410 trillion SHIB (sent to a dead wallet, reducing circulation)
Current Circulating Supply: ~580 trillion SHIB
Is SHIB Deflationary?
Partially. While SHIB has a max supply, new tokens are not minted, and token burns gradually reduce supply over time.
How SHIB Burns Work
1. Vitalik Buterin Burn: In 2021, Ethereum co-founder burned 410 trillion SHIB (sent to a dead wallet).
2. Ongoing Burns: SHIB has a burn mechanism where tokens are sent to dead wallets regularly.
3. Shibarium Burns: The Shibarium Layer 2 network burns a portion of SHIB with transaction fees.
Impact of Limited Supply on Price
✅ Deflationary Effect: Over time, burns reduce supply, potentially increasing value.
✅ Higher Scarcity vs. DOGE: Unlike $DOGE , SHIB has a limited and shrinking supply.
❌ Still a Massive Supply: Even after burns, hundreds of trillions of SHIB still exist, making extreme price jumps (e.g., $0.01) difficult.
Can SHIB Reach $0.01 or $1?
For $0.01, SHIB would need a market cap of ~$5.8 trillion, which is larger than Bitcoin + Ethereum combined—very unlikely.
For $1, SHIB would need a market cap larger than the entire global economy, making it practically impossible.
However, gradual burns + mass adoption could push SHIB’s price higher in the long term.
I received this.
I am again getting a $USDC from the "Write to Earn " Section. Thank you Binance Team for giving me.🎉🎉❤❤
My assets...🎉🎉
Distribución de mis activos
DOGE
SHIB
Others
48.37%
23.46%
28.17%
All About $BTC
How Bitcoin Works
1. Blockchain Technology: Bitcoin transactions are recorded on a public ledger called the blockchain, maintained by a decentralized network of nodes (computers).
2. Mining: New Bitcoins are created through a process called mining, where miners solve complex cryptographic puzzles to validate transactions and secure the network.
3. Supply Limit: The total supply of Bitcoin is capped at 21 million, making it a scarce asset.
4. Halving Events: Every four years, the Bitcoin mining reward is halved, reducing the rate at which new Bitcoins are generated. This helps control inflation.
Key Features of Bitcoin
Decentralized: No government or entity controls Bitcoin.
Secure: Uses cryptographic encryption for transaction security.
Pseudonymous: Transactions do not reveal user identities.
Limited Supply: Scarcity increases its value over time.
Borderless Transactions: Can be sent anywhere in the world with minimal fees.
Bitcoin’s Price and Market Trends
Bitcoin's price fluctuates based on supply and demand. Some key factors influencing BTC price include:
Adoption & Institutional Investment: More companies and investors entering the market drive prices up.
Regulation: Government regulations can impact Bitcoin's legality and price movements.
Market Sentiment: News, trends, and macroeconomic conditions influence investor behavior.
Halving Events: Historically, Bitcoin halving has led to price surges due to reduced supply.
How to Buy and Store Bitcoin
1. Buy BTC: Through cryptocurrency exchanges like Binance, Coinbase, Kraken, etc.
2. Store BTC:
Hot Wallets: Online wallets (convenient but vulnerable to hacks).
Cold Wallets: Hardware wallets like Ledger or Trezor (more secure).
Bitcoin’s Future
Bitcoin is often referred to as "digital gold" and is seen as a hedge against inflation. Many believe it will continue to rise in value due to its scarcity and increasing adoption.
How Bitcoin Works
1. Blockchain Technology: Bitcoin transactions are recorded on a public ledger called the blockchain, maintained by a decentralized network of nodes (computers).
2. Mining: New Bitcoins are created through a process called mining, where miners solve complex cryptographic puzzles to validate transactions and secure the network.
3. Supply Limit: The total supply of Bitcoin is capped at 21 million, making it a scarce asset.
4. Halving Events: Every four years, the Bitcoin mining reward is halved, reducing the rate at which new Bitcoins are generated. This helps control inflation.
Key Features of Bitcoin
Decentralized: No government or entity controls Bitcoin.
Secure: Uses cryptographic encryption for transaction security.
Pseudonymous: Transactions do not reveal user identities.
Limited Supply: Scarcity increases its value over time.
Borderless Transactions: Can be sent anywhere in the world with minimal fees.
Bitcoin’s Price and Market Trends
Bitcoin's price fluctuates based on supply and demand. Some key factors influencing BTC price include:
Adoption & Institutional Investment: More companies and investors entering the market drive prices up.
Regulation: Government regulations can impact Bitcoin's legality and price movements.
Market Sentiment: News, trends, and macroeconomic conditions influence investor behavior.
Halving Events: Historically, Bitcoin halving has led to price surges due to reduced supply.
How to Buy and Store Bitcoin
1. Buy BTC: Through cryptocurrency exchanges like Binance, Coinbase, Kraken, etc.
2. Store BTC:
Hot Wallets: Online wallets (convenient but vulnerable to hacks).
Cold Wallets: Hardware wallets like Ledger or Trezor (more secure).
Bitcoin’s Future
Bitcoin is often referred to as "digital gold" and is seen as a hedge against inflation. Many believe it will continue to rise in value due to its scarcity and increasing adoption.
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