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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 @Aevoxyz Aevo is a decentralized derivatives exchange platform, focused on options and perpetual contracts. #AEVO $AEVO

💥 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

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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📣 Arbitrum (ARB) Foundation Allocates $215 Million to Boost Gaming Ecosystem The Arbitrum Foundation, which supports the Ethereum-based Layer 2 network Arbitrum, has announced a significant investment aimed at fostering the gaming industry within its ecosystem. Over the next three years, the foundation will allocate 225 million Arbitrum (ARB) tokens, valued at about $215 million, to the newly created Gaming Catalyst Program (GCP). According to a report by Amaka Nwaokocha for Cointlegraph published earlier today, this initiative, which received approval on 7 June, seeks to enhance the adoption and use of Arbitrum, Orbit, and Stylus among game developers and gamers. The proposal, originally introduced in March, garnered strong support from notable organizations such as L2Beat, Wintermute, and Treasure DAO, despite opposition from entities like Blockworks Research and Camelot DAO. Treasure DAO, celebrating the initiative’s passage, highlighted Arbitrum’s potential as a key player in the gaming sector. The GCP aims to support both emerging and established game developers. Grants up to 500,000 ARB (approximately $483,000) will be available to new and early-stage developers, while more seasoned developers can seek investments involving value-sharing components like tokens or equity. Funds will also be allocated to infrastructure-related bounties and operational costs to support the broader ecosystem. The GCP will be managed by a specialized team under the guidance of a five-member council with expertise in gaming, venture capital, data analysis, and DAO governance. This council will ensure that funds are used effectively and in alignment with the program’s goals. They also hold veto power over investment decisions and team appointments, maintaining accountability. Additionally, the GCP has set a cap of $25 million for operational expenses, with any expenditures beyond this limit requiring DAO approval. The Arbitrum DAO decided in March against funding the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev. $ARB #ARB
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👀 Cardano Aims to Break Losing Streak: Can It Rally to $0.62? Cardano aims to rebound from a four-day downturn, with a potential to surge to $0.62 if it breaks the $0.49 resistance level.ADA’s price touched a critical support level at $0.433, aligning with a broader market decline influenced by high May employment data.Currently, ADA is up 0.54% at $0.439, holding significant support with 3.47 billion ADA held by numerous addresses in the $0.371 to $0.431 range. Cardano (ADA) is attempting to recover from a recent four-day downturn. Should buyers succeed in breaking past the $0.49 resistance level, ADA could potentially surge to $0.62.  While there is minor resistance at $0.57, it is expected to be overcome with sustained bullish momentum. In recent weeks, ADA’s price has been on a steady decline, finally touching a significant weekly support level at $0.433, the weekly SMA 50. This level has been a critical support since late October 2023, making its current touchpoint a pivotal moment for ADA.  This recent decline aligns with a broader market downturn, influenced by a significant drop in major cryptocurrencies, including Bitcoin, following the release of unexpectedly high employment data for May, which reported 272,000 new jobs. As of the latest update, ADA’s price is up by 0.54% over the last 24 hours, reaching $0.439, just above the previous day’s low of $0.432. This price action suggests that ADA is holding at a major support level, where a substantial 3.47 billion ADA, purchased by 350,940 addresses at an average price of $0.3944, is currently held. Data reveals this concentration of holdings, highlighting the importance of the $0.371 to $0.431 price range as a significant support zone. If ADA can maintain its position above this support, bolstered by the weekly SMA 50, it could signal the beginning of a new bullish trend. Traders and analysts are closely watching ADA’s movements to predict its next direction. $ADA #ADA #Cardano
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💥 Ethereum on the Brink: Price Set to Challenge $4000 Amid Market Volatility ● Ethereum’s price may surpass the $4000 milestone this month, supported by a bullish trend. ● Ethereum’s supply on exchanges is at an 8-year low, potentially leading to a significant price surge. ● A surge in daily transactions indicates increasing activity and confidence in the Ethereum network. Despite experiencing relatively stable intraday movements, Ethereum’s (ETH) price trajectory continues to suggest a potential uptick, with speculation mounting that it could breach the significant psychological barrier of $4000 in the coming weeks.  Analysts point out that Ethereum has maintained its position above key moving averages, demonstrating resilience in the face of recent market fluctuations. Despite facing selling pressure and a broader decline in the crypto space, Ethereum has managed to hold within a narrow trading range of $3550 to $3900 over the past several weeks. The recent resurgence of the bear cartel following the release of higher-than-expected U.S. jobs data has momentarily dampened market sentiment. However, Ethereum bulls are expected to stage a comeback, potentially defying the prevailing selloff and propelling the cryptocurrency toward higher price levels. Market indicators, such as the RSI and Fibonacci retracement levels, suggest that Ethereum is well-positioned to maintain its upward trajectory. Additionally, notable figures within the crypto community have highlighted factors contributing to Ethereum’s bullish outlook, including a decline in ETH supply on exchanges and the impending launch of Ethereum ETFs, which could trigger a significant supply shock and drive prices higher. Moreover, recent data indicates a surge in daily transactions, signaling increasing activity and confidence in the Ethereum network. The rise in futures open interest further underscores growing investor speculation and anticipation surrounding Ethereum’s future price movements. $ETH #ETH #Ethereum
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🚀 Altcoins Surge on Binance Exchange Bitcoin’s price remained fairly stable on Sunday, fluctuating between $69,857 and $69,130. However, several altcoins on the Binance exchange experienced substantial double-digit gains. Notable among these are BICO, ARK, and BNX coins, which have shown impressive upward trends. This article delves into the reasons behind these increases and offers predictions for their future movements. 🔸 What Are the Predictions for BICO Coin? On Tuesday, June 11, Biconomy (BICO) is slated to make a significant announcement. Anticipation around this event has already propelled BICO to become the top gainer on the Binance exchange. Currently, its price stands at $0.66, marking a 17.4% rise for the day. Over the past three days, the price has increased by almost 50%, reaching $0.66 from a low of $0.22. If this bullish momentum continues until Tuesday, BICO could test the $0.753 level, and closing above this point may set sights on $0.86 and $0.94 targets. 🔸 What Are the Predictions for ARK Coin? The ARK Coin has been trading below the $0.9 mark for 59 days, currently finding buyers just under the $0.869 resistance. If the bulls manage to turn $0.9 into a support level, ARK could potentially retest $1 and $1.13. The coin has gained 13% today, lingering around $0.858. A close above $0.8 might facilitate further upward momentum. 🔸 What Are the Predictions for BNX Coin? BNX Coin has also seen substantial gains, continuing its upward trend despite minor corrections. The altcoin’s price has quadrupled over 87 days but has since dropped by 35% from its peak, stabilizing at $0.96. Over the past three days, BNX has risen by almost 30%, now trading at $1.26. Should the resistance at $1.28 and $1.32 turn into support, BNX could aim for new highs at $1.52 and beyond. As long as the price doesn’t close below $0.84, the short-term uptrend is expected to continue. $BICO #BICO $ARK #ARK
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🇮🇳 Floki Inu to Establish School in India, Invites NGO Collaboration Floki, the platform issuing the well-known meme coin Floki Inu, has recently announced a significant development for India. As per the platform, it is going to establish a school that will operate within the Indian jurisdiction following its initiatives in Ghana, Guatemala, Laos, and Nigeria. The meme coin issuer took to its official X account to provide the details of the respective development. 💬 FLOKI TO BUILD ITS NEXT SCHOOL IN INDIA! 🇮🇳 We're THRILLED to announce the next step in our philanthropic mission to build schools in developing nations of the world. Following our successful projects in Nigeria, Laos, Guatemala, and Ghana, we are now planning to build a school… — FLOKI 🔸 Floki to Establish a School within Indian Jurisdiction In its recent post on social media, the company expressed its enthusiasm for this endeavor. It added that the platform has successfully developed this type of initiative in several jurisdictions around the world. In doing so, Floki intends to move forward with its philanthropic mission in developing countries with such schools. While providing the reason behind the respective move, the company admired the vast population and diverse culture of India. It added that the country is currently going through huge challenges. Keeping that in view, it has become very difficult for the nation to guarantee that everyone obtains quality education. Hence, the meme coin issuer is focusing on its target to back the educational development of India. 🔸 The Platform Invites Indian NGOs to Collaborate in the Initiative In this respect, the platform offered an invitation to non-governmental organizations to come to the front. In this way, the interested NGOs within the country can collaborate with Floki in accomplishing its initiative. In addition to this, the platform also thanked its community members for backing its mission to spread education in the world. $FLOKI #FLOKI #FLOKIINU
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