Worldcoin (WLD), the token of Sam Altman’s retina-scanning project of the same name, saw major volatility over the past few days as he was ousted from OpenAI, reported to be in talks to make a return before finally being replaced. #WLD saw a Nov. 16 high of $2.48 before starting a slide that accelerated after Altman was outed by OpenAI late on Nov. 17 in the United States which saw it drop to a low of nearly $1.84, according to CoinGecko data.It bounced back, surging 12% over the past 24 hours to reach an intraday high of $2.54 during Monday morning Asian trading then again dropped to $2.30 after Altman was replaced as CEO by Twitch co-founder Emmett Shear.Seven-day WLD price. Source: CoinGeckoAltman co-founded Worldcoin which launched in July. While the project is separate from OpenAI, WLD’s initial rebound came after reported efforts by a group of OpenAI executives and investors to reinstate Altman as CEO of the artificial intelligence firm.Worldcoin is a digital identity platform with ambitions to build a World-ID and financial system using retina scanning technology to authenticate humans amid a rise in AI technology.Related: A timeline of Sam Altman’s outing from OpenAIWorldcoin’s launch polarized the crypto community who raised questions about its centralization, privacy, and security.AI-related crypto assets have been outperforming over the past 24 hours, with the market capitalization of AI-related tokens notching a 7.2% rise to $6.5 billion with tokens such as Fetch (FET), SingularityNET (AGIX), and Akash Network (AKT) notching up double-digit gains according to CoinGecko.Magazine: AI Eye — Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees$WLD #WLD #BinanceSquare. #Binancefeed

Understanding market sentiment can be a powerful tool for investors. Reading the mood of where the market is heading can allow you to capitalise from the changing direction. So, what is market sentiment and how do you trade it?In the short run the market is a voting machine, but in the long run it is a weighing machine,’ – Benjamin Graham, renowned investor regarded as the father of value investing.How do you feel about financial markets – do you think they will rise or fall in the future? If you can answer that question, then you already understand what your personal sentiment is toward financial markets, whether you trade stocks, foreign exchange or another security.Financial markets are fuelled by emotion and this is one of the main reasons investors can find opportunities to trade. Take stocks for example, one of the key reasons share prices do not necessarily match the company’s book value is because investors are reading beyond the fundamentals of the business and pricing in their sentiment, which can be influenced by all manner of things.This shows the importance and impact of sentiment on markets, but also highlights the need to blend it with other measures such as technical analysis or fundamental analysis.Understanding market sentiment is one thing, but trading it is another. Evaluating market sentiment as part of your trading strategy is only worthwhile if you can use it to get ahead of the game and can make trades before the rest of the market. There is a big difference to how the market feels now and how it feels about the future, and only the latter provides investors with a trading opportunity. In simple terms, you have to use market sentiment to identify trends and join the bandwagon before it’s too late and you’re left trading securities as they top or bottom-out.So, how do you track the sentiment toward markets and how do you trade it?What is market sentiment?Market sentiment represents the mood of financial markets and the general feeling among traders, whether they trade foreign exchange, the stock market or anything else. Understanding sentiment allows you to judge whether a market is feeling optimistic or pessimistic about the future of prices of a security, such as a stock or currency, for example.If the market is feeling positive and optimistic about the outlook then this is referred to as bull market, and a pessimistic market that expects prices to fall is referred to as a bear market.Gauging market sentiment, however, is tricky. Attitudes and the outlook of a market are both shaped by anything and everything, therefore investors need to spread a wide net to ensure they are informed as much as possible about the ever-evolving market they trade.In addition, while the majority of the market will lean one way or another, every participant holds their own view on why the market is performing the way it is and where it is heading next. While the opinion of the majority often dictates the overall sentiment toward a market, there are the likes of contrarian investors who bet against the dominating sentiment – when the market is optimistic a contrarian will take a pessimistic view, for example.Market sentiment is demonstrated through price movements of the security in question. If prices are on the rise, then this is indicative of a bullish market. Whereas prices on the decline point toward bearish sentiment.Sentiment will differ depending on the market, and in some cases often correlate with one another. When bullish sentiment starts to surface in one market, bearish sentiment can emerge in another, or vice-versa.Take safe-havens as an example, like gold. When equities are on the decline the price of gold is often on the rise, as investors look to plough their money into a commodity that can hold its value, rather than risking their capital on uncertain stock markets, before reversing when equities pick back-up as money shifts from one to the other. A large part of using market sentiment to trade is being able to read when a market is about to turn, which is where fear and greed come into play.#marketsentiment #binancefeed #BinanceSquare.

#Bitcoin ETF Hopes Boost Wall Street; Solana and InQubeta Attract Whales"The financial realm has been buzzing about cryptocurrencies, and the recent buzz on Wall Street revolves around the eagerly awaited Bitcoin Exchange-Traded Fund (ETF).This article will delve into the intricacies of the Bitcoin ETF, the attention it has garnered from Wall Street, and the noteworthy roles played by Solana and InQubeta in piquing the interest of cryptocurrency whales. Bitcoin ETF and Wall Street's Fascination:An exchange-traded fund (ETF) is a unique type of investment fund with shares traded on a stock exchange, but what distinguishes Bitcoin ETFs is their reliance on the overall performance of the crypto market, not solely Bitcoin.The excitement surrounding Bitcoin ETFs has escalated due to their distinctive qualities and recent regulatory developments. While the fusion of traditional finance and cryptocurrencies isn't novel, Wall Street's potential $100 billion investment is currently generating excitement. The institutional interest in the Bitcoin ETF is anticipated to reshape the game by potentially injecting unprecedented amounts of capital into the cryptocurrency space, potentially altering the entire financial landscape.The Role of Solana:While Bitcoin takes center stage, Solana, a blockchain platform known for its scalability and speed, is gaining attention. Investors are attracted to Solana for its unique qualities, enhancing the narrative of the Bitcoin ETF. Solana could become a major player in the crypto space, potentially experiencing an influx of capital alongside BTC once the ETF is approved. InQubeta: Revolutionizing AI Investment:InQubeta introduces a platform facilitating fractional investment in AI startups using QUBE tokens. Their platform, unlike traditional methods, is efficient, transparent, and accessible to all, bridging the gap between investors and AI startups.At the core of InQubeta's innovation lies its unique NFT marketplace, enabling AI startups to raise funds through reward and equity-based NFTs. Investors can seamlessly participate using QUBE tokens, contributing to a more transparent, secure, and democratic investment ecosystem. InQubeta aims to empower promising AI startups by leveraging blockchain and smart contracts, positioning itself as an AI Crypto Titan. Whale Attention and Market Dynamics:"Whales" are significant players in the top crypto market with substantial holdings. Their involvement in the Bitcoin ETF narrative complicates market dynamics, becoming a central theme in forecasting and interpreting market movements.The market has already responded significantly to the mere mention of Wall Street's interest in a Bitcoin ETF. Amid the cryptocurrency community's eagerness to witness how institutional and retail players manage this new chapter, speculations, swings, and price fluctuations are prevalent. Conclusion: A Crypto Landscape UnfoldingIn conclusion, an enthralling scene is unfolding in the cryptocurrency world, driven by the convergence of Wall Street's interest, the anticipation of a $100 billion investment, Solana's distinctive contributions, InQubeta's strategies, and the attention of crypto whales. With the Bitcoin ETF taking center stage, significant changes in the future of the best crypto investments appear likely.$BTC #BTC #Binancefeed #BinanceSquare. #Bitcoin2024

Each bitcoin consists of 100,000,000 Satoshi (sats). The #ordinals protocol makes it possible to identify each individual Satoshi and manipulate them with the additional data attached (through a process known as embossing).Ordinals has created another use case for bitcoin that goes beyond simple value transfer, making #Bitcoin NFT tokens a reality.Until recently, #NFT tokens were mainly minted and used on blockchains such as Ethereum, Solana and the BNB smart chain, however, the team in charge of Ordinals believes that non-exchangeable tokens also have their place on the Bitcoin blockchain, therefore, this led to the emergence of the Ordinals project.History has proven that changing part of the Bitcoin code is very difficult. This problem is mainly due to the decentralized network of nodes and developers who do not want to risk the security of the network. As such, Bitcoin NFT tokens have not gained as much traction. However, the growth of the cryptocurrency ecosystem has opened the doors to more innovative minds that consider the creation of NFT tokens for bitcoin as part of the future of web 3.As of February 2023, inscriptions using Ordinals exceeded 100,000, as users put photos, video games and other content on the network. We will see in the following how it works.What are Ordinals for bitcoinThe Ordinals protocol is a system for numbering Satoshi units so that each Satoshi unit is given a serial number and tracked through transactions. Simply put, Ordinals allows users to make individual Satoshi modules unique by attaching additional data to them, this process is known as "engraving".Satoshi-named after the pseudonymous creator of bitcoin Satoshi Nakamoto – is the smallest denomination of bitcoin (BTC). One BTC can be divided into 100,000,000 Satoshi units, which means that each Satoshi is equal to 0.00000001 BTC.Satoshi units are numbered based on the order in which they were minted and transported. The numbering scheme is based on the order of mining of Satoshi units, while the transfer scheme is based on the order of input and output of transactions. Hence the name Ordinals, which means"ordinal numbers".While traditional NFT symbols are similar to ordinal numbers in some ways, there are some key differences between them. NFT tokens are usually created using smart contracts on blockchains such as Ethereum, Solana, and the BNB smart chain, and sometimes, the assets they represent are hosted elsewhere. And, on the contrary, ordinal numbers are engraved directly on individual Satoshi units, which are then embedded in blocks on the Bitcoin blockchain chain. The ordinal numbers are located entirely on the blockchain and do not require a side chain or a separate token. In this sense, the inscriptions of ordinal numbers inherit the simplicity, stability, security and durability of bitcoin itself.Theory of arrangement and inscriptionsIn the context of bitcoin, the ranking theory is a proposed methodology for identifying each Satoshi via a serial number and tracking them in the total inventory of bitcoin, starting from its minting for the first time and up to the expiration of its transaction life. This process is referred to as "engraving". Thus, the inscriptions of ordinal numbers are digital assets, similar to NFT symbols, inscribed on Satoshi in the Bitcoin network. This process was made possible thanks to the taproot upgrade, which was launched on November 14, 2021. For this reason, the inscriptions of ordinal numbers do not require a side chain or a separate token.Since the theory of order allows tracking and transferring individual Satoshi units, it made it possible to collect them. Based on the total stock of bitcoin, the following ranks were determined to denote the scarcity of various Satoshi units:Rumor: any Satoshi other than the first Satoshi of its own mass (total inventory is 2.1 quadrillion).Uncommon: the first Satoshi of each block (total inventory 6,929,999).Rare: the first Satoshi of each difficulty adjustment period (total inventory 3,437).Epic: the first Satoshi after each halving (Total Stock 32).Legendary: the first Satoshi of each cycle* (total inventory 5).Fairy: the first Satoshi from the genesis block (total inventory 1).The cycle represents the period between the conjugations that occur when the halving and the difficulty adjustment coincide. Theoretically, this happens every 6 halves, but the first pairing has not yet happened (it is expected in 2032).Advantages and disadvantages of Ordinals Ordinals has created another use case for the Bitcoin network that goes beyond simple value transfer. However, the Ordinals protocol has been met with controversy because it raises a fundamental problem among members of the bitcoin community. On the one hand, there is a category that believes that the relative simplicity of bitcoin should be preserved in its restrictions on the storage and transfer of value, and on the other hand, there is a category that believes that bitcoin should evolve to include new features and use cases.Patterned Satoshi units are now competing for block space with regular BTC transactions, increasing network fees. This has caused some controversy in the bitcoin community, but some Ordinals supporters argue that this could be positive as the fees represent a crucial incentive for miners to secure the blockchain. And in the future, as block rewards dwindle over time, network fees will become the primary incentive for allocating the hash power of bitcoin. It seems that the cryptocurrency community is divided on the topic, but the project certainly brought innovation to the bitcoin sphere.Final thoughtsOrdinals is changing the world of blockchain art by providing a completely new way to store information for bitcoin transactions. It adds an additional benefit and has led to an increase in the number of non-zero bitcoin addresses to an all-time high. We are witnessing a unique moment in the history of bitcoin, where innovation generates network activity that goes beyond the typical use cases of investment and cash transfer. Does this mean that Ordinals will continue to grow Not necessarily. We'll have to wait and see.What is Taproot and how will bitcoin benefitTaproot is an upgrade to the Bitcoin network, implemented on November 14, 2021. In addition to Schnorr's signatures, Taproot is one of the most important and highly anticipated technological upgrades for bitcoin since the introduction of SegWit. Taproot's goal is to change the way bitcoin scripts work to improve privacy, scalability, and security. These and many other advantages will be achieved by combining Taproot and The Associated promotion called Schnorr signatures.Anyone familiar with the cryptocurrency community knows that privacy, scalability and security are the main concerns. While bitcoin is the most popular digital currency in the world, these problems still need to be solved. The taproot upgrade aims to achieve this solution.Bitcoin has experienced ups and downs, but it has proven to be the anchor that maintains the status of digital currencies. Regardless of the problems that have arisen over the years, such as the Mt Gox hack. Or the notorious bitcoin chain splits, the cryptocurrency community has supported bitcoin.But there are some problems that cannot be overlooked – the biggest one is the problem of privacy. Since bitcoin represents a public blockchain, anyone can monitor the transactions taking place on the network. This is a major concern for some.It is possible to increase your anonymity through techniques such as currency blending and coinjoins. But, unfortunately, none of these technologies make bitcoin a special currency. While this does not apply to the taproot upgrade, it may help increase anonymity on the network. The taproot upgrade was widely anticipated as a major first step towards solving bitcoin's lack of privacy and other related concerns. On November 14, 2021, Taproot was activated on the Bitcoin network after approval from miners around the world. #ordinals #BinanceSquare. #Binancefeed

Worldcoin Price Spikes 26% After OpenAI CEO Departure, Is #WLD Surge Shortlived? The price of Worldcoin’s WLD token surged 26.5% this week to a high of $2.65, sparked by the high-profile departure of OpenAI CEO Sam Altman. Altman was recently ousted from the artificial intelligence research company and holds an advisory role with Worldcoin developer Tools for Humanity.The abrupt rally left many investors wondering what exactly prompted WLD’s breakout. On-chain analyst Lookonchain noted large deposits of WLD to exchanges just before the spike, indicating potential insider knowledge. Over 1.83 million WLD worth $4.47 million was moved in the span of 7 hours.Reasons for Worldcoin rally remain uncertainWhile the reasons for the rally remain uncertain, Worldcoin’s ties to Altman appear to be a key factor. Altman’s forced resignation from OpenAI made headlines in tech circles this week.As an advisor to Worldcoin, his shift away from OpenAI may have fueled speculation around increased involvement with the #cryptocurrency project.Some perceive Altman’s departure from OpenAI positively for Worldcoin, believing it could mean more time dedicated to Tools for Humanity. This renewed confidence in Worldcoin’s technology and development team may be buoying the price.Launched in 2021, Worldcoin aims to distribute crypto globally while verifying users’ unique human identity through iris scans. The futuristic initiative hit roadblocks due to privacy concerns over the iris scanning.But with Altman’s OpenAI exit, investors may anticipate a reboot at WLD. The 26% price jump could represent bets on Altman devoting his iconic startup experience to realizing Worldcoin’s ambitious vision.At the same time, Worldcoin’s underlying technology and use cases remain largely conceptual. The token is not yet widely used and could simply be riding the coattails of Altman’s fame thus far.However, the rally seems shortlived as the price plummeted from its 24-hour high by 6.7%. CoinGecko data shows that WLD is trading at $2.28 at press time.$WLD #WLD #BinanceSquare. #Binancefeed

#Onchain analytics from the research and analysis company Glassnode shows that the number of bitcoin whales (addresses with at least 1000 bitcoins) has exceeded 1900 groups. The number of participants in the network in terms of 1000 coin-operated whales has not been so high since 2016.Seven-day follow-up statistics of the number of whales (addresses with a balance ≥ 1 thousand dollars) increased by 2% according to Glassnode statistics. This means that the number of large BTC holders (1940 Group ≥ 1 thousand dollars) has increased significantly since the recent announcement of Paypal crypto support.Headlines with a balance ≥ $ 1k touched a four-year high this weekend. The last time the bitcoin whale index (≥ 1 thousand dollars) was at such a height was in September 2016 before the start of the bullish race of 2017.The increase in BTC whales indicates that a number of investors believe that the price will jump higher in the future. On October 22, 2020, well-known bitcoin analyst Willy Wu tweeted about data showing that there are more than 23 million active owners today."Data source of 23.4 m active [holders]: the total net growth of the entity cumulatively, and taking this into account [holders] comes in minus [holders] that were left in full (zero coins in their wallets)chain data and blockchain analysis from the site indicate bitinfocharts to date, the number of bitcoin whales numbering 1,000-10,000 BTC on one address has increased significantly. On February 25, 2019, there were 1,709 addresses with 1,000 to 10,000 BTC and this metric increased by 24.28% to 2,125 addresses.Interestingly, the number of addresses with 100 to 1000 BTC has decreased from 14,749 to 13,869 addresses today. Oddly enough, addresses with 100,000 to 1,000,000 BTC decreased from five to one.Statistics from bitinfocharts ' “top 100 bitcoin addresses for the richest” also show that there are six exchanges with cold wallets represented in the top 20 addresses.Data from May 1, 2020 shows that there were only 2,002 addresses with 100,000 to 1,000,000 BTC, which means that 123 whales have joined the battle since then.While the price of bitcoin (BTC) has risen this month, a number of supporters have noticed the accumulation of whales. The host of the Venture Coinist podcast, Luke Martin noticed the trend during the first week of October.“The rise of the bitcoin whale index was a key indicator of BTC dollar prices and bull markets. He is rising to new heights right nowMoreThe price of Onchain AI (OCAI) Today Is US 0 0.03291565 with a trading volume of$ 410,609.84 over a 24-hour period. This represents 25.91% of the price rise in the last 24 hours and 39.08% of the price rise in the last 7 days. If you are looking for the market capitalization of Onchain AI, the data is not available today due to the non-disclosure of the OCAI trading volume of tokens.Where can I buy Onchain AIOCAI tokens can be traded via decentralized exchanges and centralized cryptocurrency exchanges. The most popular exchange for buying and trading Onchain AI is Uniswap V2 (Ethereum), where the trading volume of the most active OCAI/WETH pair is US$ 367,618 in the last 24 hours.What is the daily trading volume of Onchain AI (OCAI)The trading volume of Onchain AI (OCAI) Is US$ 410,610 in the last 24 hours, this represents a 45.90% rise since one day ago, and indicates the level of high market activity recently.What is the highest rate recorded by the chain AI (OCAI) currencyThe highest price paid for Onchain AI (OCAI) Is US$ 0.03947380, as it was recorded on August 29, 2023 (3 months). The current price is relatively -16.58% lower than the highest price ever recorded.#Onchain #binancefeed #BinanceSquare. #binance

Binance is constantly reviewing and adding cryptocurrencies that can be used on the Binance platform. If you would like to know where to buy #SafeBLAST , which is currently not listed on Binance, you can follow the step-by-step guide below.The most straightforward way is to find a reliable centralized exchange where you can buy SafeBlast, similar to Binance. You can refer to Coinmarketcap.com's Markets section to find the list of centralized exchange the coin is listed on.Another option to buy the SafeBlast is through a decentralized exchange (DEX) which supports the blockchain where your SafeBlast resides. This guide will show you how to buy SafeBlast by connecting your crypto wallet to a decentralized exchange (DEX) and using your Binance account to buy the base currency.〽️Download a Trust Wallet WalletThere are several crypto wallets to choose from within the Ethereum network and Trust Wallet appears to be the most integrated. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or the iOS App Store if it’s available. Just make sure that you are downloading the official Chrome extension and mobile app by visiting Trust Wallet’s website.〽️Set up your Trust WalletRegister and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1. You may refer to the wallet’s support page for reference. Make sure to keep your seed phrase safe, and take note of your wallet address. You will be using it later on Steps 4 and 6.〽️Buy ETH as Your Base CurrencyOnce your wallet is setup, you can login to your Binance account and proceed to the Binance Crypto webpage to buy the Ethereum. If you are not an existing user, you can refer to our How to Buy Ethereum guide on registering and buying your first cryptocurrency on Binance.〽️Send ETH From Binance to Your Crypto WalletOnce you buy your ETH, go to your Binance wallet section and look for the ETH you purchased. Click on withdraw and fill up the required information. Set the network to Ethereum, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your ETH to appear in your Trust Wallet.〽️Choose a Decentralized Exchange (DEX)There are several DEXs to choose from; you just have to make sure the wallet you selected in Step 2 is supported by the exchange. For example, if you use Trust Wallet wallet, you can go to 1inch to make the transaction.〽️Connect Your WalletConnect your Trust Wallet wallet to the DEX you want to use by using your wallet address from Step 2.〽️Trade Your ETH With the Coin You Want to GetSelect your Ethereum as the payment and select the SafeBlast as the coin you want to buy.〽️If SafeBlast Doesn’t Appear, Find its Smart ContractIf the coin you want does not appear on the DEX, you can refer to etherscan and find the smart contract address. You can then copy and paste it into 1inch. Beware of scams and make sure you got the official contract address.〽️Apply the SwapOnce you are done with the previous steps, you can click on the Swap button. From deciding where to buy SafeBlast to making the purchase, your crypto transaction is now complete!Where & How to Buy SafeBlast (BLAST) GuideBinance is constantly reviewing and adding cryptocurrencies that can be used on the Binance platform. If you would like to know where to buy SafeBlast, which is currently not listed on Binance, you can follow the step-by-step guide below.The most straightforward way is to find a reliable centralized exchange where you can buy SafeBlast, similar to Binance. You can refer to Coinmarketcap.com's Markets section to find the list of centralized exchange the coin is listed on.Another option to buy the SafeBlast is through a decentralized exchange (DEX) which supports the blockchain where your SafeBlast resides. This guide will show you how to buy SafeBlast by connecting your crypto wallet to a decentralized exchange (DEX) and using your Binance account to buy the base currency.〽️Download a Trust Wallet WalletThere are several crypto wallets to choose from within the Ethereum network and Trust Wallet appears to be the most integrated. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or the iOS App Store if it’s available. Just make sure that you are downloading the official Chrome extension and mobile app by visiting Trust Wallet’s website.〽️Set up your Trust WalletRegister and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1. You may refer to the wallet’s support page for reference. Make sure to keep your seed phrase safe, and take note of your wallet address. You will be using it later on Steps 4 and 6.〽️Buy ETH as Your Base CurrencyOnce your wallet is setup, you can login to your Binance account and proceed to the Binance Crypto webpage to buy the Ethereum. If you are not an existing user, you can refer to our How to Buy Ethereum guide on registering and buying your first cryptocurrency on Binance.〽️Send ETH From Binance to Your Crypto WalletOnce you buy your ETH, go to your Binance wallet section and look for the ETH you purchased. Click on withdraw and fill up the required information. Set the network to Ethereum, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your ETH to appear in your Trust Wallet.〽️Choose a Decentralized Exchange (DEX)There are several DEXs to choose from; you just have to make sure the wallet you selected in Step 2 is supported by the exchange. For example, if you use Trust Wallet wallet, you can go to 1inch to make the transaction.〽️Connect Your WalletConnect your Trust Wallet wallet to the DEX you want to use by using your wallet address from Step 2.〽️Trade Your ETH With the Coin You Want to GetSelect your Ethereum as the payment and select the SafeBlast as the coin you want to buy.〽️If SafeBlast Doesn’t Appear, Find its Smart ContractIf the coin you want does not appear on the DEX, you can refer to etherscan and find the smart contract address. You can then copy and paste it into 1inch. Beware of scams and make sure you got the official contract address.〽️Apply the SwapOnce you are done with the previous steps, you can click on the Swap button. From deciding where to buy SafeBlast to making the purchase, your crypto transaction is now complete!#Blast #Onchain #BTC #BinanceSquare.

The company built by "CZ" will be managed by the head of regional markets, after the US Department of justice prevented the former CEO of Binance from staying in his post."Binance" appointed the head of the Department of regional markets located outside the borders of the United States, Richard Ting, as the new CEO of the company. The change follows the resignation of the company's founder and former CEO, Changping Zhao, who pleaded guilty to charges brought against him by the US Department of Justice.As "Cointelegraph" reported earlier, both "CZ" and Binance agreed to make a deal with the Ministry of justice that includes pleading guilty to alleged violations related to the fight against money laundering. The agreed settlement will cost 4.3 billion dollars, and "CZ" will be banned from working as an executive at any other crypto company. "CZ" will also be subject to a fine of 50 million dollars.On the other hand, "CZ" will not have to give up his stake in the company and it seems that he will not spend any time in prison.Former CEO Zhao confirmed Teng's promotion through a post on the "X" platform, which coincided with the beginning of a press event of the Ministry of Justice announcing the measures taken against Binance. Commenting on recent developments, Zhao wrote:"With over three decades of financial services and regulatory experience, I believe Richard is well qualified to lead the company through its next period of growth. Richard will do everything he can to ensure that Binance has sufficient security, transparency, compliance and growth during the next stage"."Ting" was also published on the "X" platform about 15 minutes after the start of the press event held by the Ministry of Justice.It is an honour and with the deepest humility that I step into the role of Binance’s new CEO.We operate the world's largest cryptocurrency exchange by volume. The trust placed on us by our 150m users and thousands of employees is a responsibility that I take seriously and hold dear.With CZ, and our leadership team’s support, I have accepted this role so that we can continue to meet and exceed the expectations of stakeholders while achieving our core mission, the freedom of money.The foundation on which Binance stands today is stronger than ever.To ensure a bright future, I intend to use everything I’ve learned over the past three decades of financial services and regulatory experience to guide our remarkable, innovative, and committed team.My focus will be on:1) reassuring users that they can remain confident in the financial strength, security and safety of the company2) collaborating with regulators to uphold high standards globally that foster innovation while providing important consumer protections3) working with partners to drive growth and adoption of Web3We are here to stay. Please lend me your support. Excited for the days ahead!In his first public statement as CEO, Teng sought to reassure Binance users and establish a clear path after today's events, as Teng identified three areas for the company to focus on under his management, starting with "reassuring users and confirming that the company's financial capability and its security and safety standards are still trusted.#RichardTeng #hodl #Blast #BinanceSquare. #Binancefeed

Altcoins futures took a hit Monday as sudden volatility liquidated both longs and shorts, causing unusually high liquidations on some lesser-known tokens.BRC-20 tokens, commonly known as Ordinals, are experiencing major upward momentum as Bitcoin breaks past the $39,000 level. ORDI, the biggest of the BRC-20 tokens, is pulled up by BTC’s rally.Unusually high liquidations on some altcoin futures led by Big Time’s BIGTIME and Ordi Protocol’s ORDI tokens created over $250 million in total altcoin liquidations in the past 24 hours, showcasing the inherent and sudden volatility of the sector.Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position (fails to have sufficient funds to keep the trade open).These figures were without the liquidations of futures trading bitcoin (BTC) and ether (ETH), which topped the charts at a cumulative $85 million in evaporated bets.Some $15 million in ORDI bets were liquidated, followed by $12 million on BIGTIME. These consisted of both longs, or bets on higher prices, and shorts, or bets against. Prices of both these tokens whipsawed in the past 24 hours, impacting traders on either side.Demand for Bitcoin-linked tokens has created hype for ORDI, which is tied to Bitcoin’s ecosystem – with the tokens gaining 580% in the past month. Meanwhile, an ongoing narrative for crypto gaming platforms has benefited BIGTIME holders, who have gained nearly 400% since the start of November.More informationSuper-Majority of Bitcoin Holders Are Now Back in Profit + More NewsGet your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news.In this edition:Super-Majority of Bitcoin Holders are Now Back in Profit – Glassnode‘There is Room for BTC to Rally Freely’, Says Criptonite ExecAmazon Prime Gaming Members Can Now Access Gods Unchained ContentBitrefill Partners with Suku to Launch Cashback NFTs Minted by Tweeting__________Super-Majority of Bitcoin Holders Are Now Back in Profit – GlassnodeBitcoin (BTC) has broken above the psychological $40,000 level, it appreciated over 140% year-to-date, it has more than doubled relative to gold, and it still dominates against the rest of the digital asset industry, according to on-chain analysis firm Glassnode.Compared to previous cycles, the BTC return profile is “eerily similar” to the 2015-17 and 2018-22 cycles in terms of recovery duration and drawdown since the all-time high, it said, and added:“With such strong performance, the super-majority of Bitcoin holders are now back in profit, with a small proportion of them realizing those gains.”Several on-chain metrics suggest the recent rally is pushing the market out of a ‘transitional recovery zone.’ It now more closely resembles an ‘enthusiastic bull market.’‘There is Room for BTC to Rally Freely,’ Says Criptonite ExecAccording to Mathieu Ziaei, Portfolio Manager and Risk Officer at Swiss regulated digital asset investment manager Criptonite Asset Management, after the Bina and US DOJ settlement, there is hype around the market’s belief that a spot BTC exchange-traded fund (ETF) would be approved in January 2024 and that the ETF will bring significant cash inflows to BTC – increasing prices across the crypto market.Ziaei said in an email that,“My personal opinion is that traders are going to front run the ETF with the current price action of Bitcoin. I think that around $48,000 should be the local top for bitcoin on the short term. It’s been a long time since the planets have been aligned this perfectly. With the ETF hype, end of the financial cycle and most of the risks have been eliminated, this leaves room for bitcoin to rally freely.”There are also rumors of “financial easing.”Given the shift in market dynamics, traders or fund managers holding a short position in digital assets would not be in a good position, Ziaei said in an email. “I would find it hard for anyone to justify having a short position on bitcoin now with all the positive news,” he added.Black Swan events such as FTX, Luna, and Three Arrows have acted as a cleansing force, creating a bearish sentiment – which may reverse once even more euphoria kicks in, likely driven by the approval of a spot Bitcoin ETF in the US.However, there is also a high probability of the “buy the rumor, sell the fact” move in early 2024, leading to a sharp move to the downside.Amazon Prime Gaming Members Can Now Access Gods Unchained ContentWeb3 game development platform Immutable Games announced that in-game content for its flagship trading card game (TCG) Gods Unchained is now available to Amazon Prime Gaming members.Per the press release, as part of this collaboration, Prime Gaming members who connect their in-game accounts will gain monthly access to exclusive in-game items.This announcement coincides with the Season 2 launch of Gods Unchained, named “Far Horizons.”“We are thrilled to announce our collaboration with Amazon Prime Gaming. Season 2 offers a new chapter in the game’s ever-evolving story that will introduce sweeping changes to the meta and players’ strategies,” said Daniel Paez, VP and Executive Producer of Gods Unchained.The new experience will be accompanied by Tides of Fate, the company’s first major card expansion set since Mortal Judgement over a year ago.The Tides of Fate set includes 142 collectible cards and nine in-game-only “chained” cards, which are linked to the effects of other cards.Going forward, Gods Unchained is gearing up for its full launch on mobile devices, the announcement said.Bitrefill Partners with Suku to Launch Cashback NFTs Minted by Tweeting:Bitrefill, a digital marketplace for gift cards that can be purchased with crypto, launched an NFT campaign with Web3 wallet Suku. According to the announcement, the campaign enables anyone to mint a “Secret Code” cashback NFT by posting a tweet.Any Twitter user can mint by tweeting bitrefill and sukuthis, which automatically generates a unique Bitrefill NFT containing a one-time-use code that redeems cashback on any gift card in the Bitrefill marketplace.There is also a gamified component to the mints, with people having the chance to earn anywhere from 10% to 50% cashback NFTs.After posting the Tweet, the user receives an NFT in their automatically-created Suku wallet, which abstracts away complicated seed phrases and private keys, the companies said, enabling an easy onramp into Web3.#ORDI. #Memecoins #BAKE #Binancefeed #BinanceSquare.