crypto rising #BTC price trade around $27k #ftx #usdr #av | AbbarhSF a Binance Square-en

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crypto rising
#BTC price trade around $27k
#ftx #usdr #avalanche #galxe #BinanceSquare $BTC $BNB $ETH

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DONT MISS ❗✨ Explore Binance Square Now to Share 10,000 USDT in Rewards! https://www.binance.com/en/support/announcement/c445fa5c02b24955ad033845d9071834 #bnbburn #etf #BTC $USDC

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Bitcoin pumped from under $28,000 to $30,000 within minutes earlier on Monday as unverified rumors that the US Securities and Exchange Commission (SEC) had approved asset management giant BlackRock’s iShares spot Bitcoin Exchange Traded Fund (ETF) application began circulating across social media. In a now-deleted tweet, Cointelegraph’s Twitter account first reported the news. They then posted the same tweet again but added the word “reportedly” before also deleting that. #BTC $BTC

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What You Need to Know About the BNB Burn BNB is the cryptocurrency that fuels the BNB Chain ecosystem. It acts as the native coin of the BNB Beacon Chain, the BNB Smart Chain, and the opBNB L2s and BNB Greenfield blockchain. It also serves as a governance token and allows holders to transact with projects built on those chains. When BNB was launched in 2017, a commitment was made to remove 100 million BNB (half of its total supply) from circulation through a burning process. This ultimately will keep only 100 million BNB in circulation. This commitment is automatically honored each quarter and calculated according to the Auto-Burn formula. The BNB Auto-Burn provides an independently auditable, objective process. The figures are reported quarterly, and the mechanism is independent of the Binance centralized exchange. On top of that, BNB Chain continues to burn a portion of BNB Chain’s gas fees in real-time using the Real-Time-Burn mechanism. #BNB #ETH $BNB

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Binance has just made a massive $453 million BNB burn! #Binance , the largest #cryptocurrency exchange in the world, has burned 2.14 million #BNB over the past three months, bringing its total BNB burn to 25. The stock exchange's native cryptocurrency, BNB, completed its twenty-fifth fuel transaction on October 16th, according to a post on the Binance website. Because to the BNB's automatic combustion process, 2,139,182 BNBs worth $453,000,000 were removed from circulation. This was Binance's eighth fuel operation using the automated combustion system, and it was successfully accomplished. The quantity of BNBs to be burnt is calculated by the automated combustion mechanism based on the BNB pricing and the number of blocks created over the course of three months. To that end, Binance plans to burn 100 million BNBs, or almost half of the total supply of 200m BNBs. Data from $BNB Burn indicates that on October 16th, Binance conducted a BNB Coin fuel operation in which between 25 and 50.29 million BNBs were burned. #uniswap #ETH #ztx #ftx #BinanceSquare $BTC $BNB

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