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Binance-Listed Altcoin Rises 2,400 Percent at Board Opening! Binance announced the first altcoin project, BounceBıt (BB), which it added to the token issuance platform called Megardrop, as a “seed tag” with BB/BTC, BB/USDT, BB/BNB, BB/FDUSD and BB/TRY trading pairs on May 13 at 13.00. listed with. According to data from Binance, the altcoin, which was launched at $ 0.0238, opened the board at $ 0.6 with an increase of 2.421%. BB, which later retreated slightly, is trading at $0.469 at the time of writing. Users who wanted to earn #BB had to lock BNB through the Binance web3 wallet. Within the scope of #MegaDrops , #Binance distributed 168 million of BB, which has a total supply of 2.1 billion, as a reward. To trade with a 20% discount on Binance and earn rewards from new Megadrop projects $BTC $BB


Binance-Listed Altcoin Rises 2,400 Percent at Board Opening!

Binance announced the first altcoin project, BounceBıt (BB), which it added to the token issuance platform called Megardrop, as a “seed tag” with BB/BTC, BB/USDT, BB/BNB, BB/FDUSD and BB/TRY trading pairs on May 13 at 13.00. listed with.

According to data from Binance, the altcoin, which was launched at $ 0.0238, opened the board at $ 0.6 with an increase of 2.421%. BB, which later retreated slightly, is trading at $0.469 at the time of writing.

Users who wanted to earn #BB had to lock BNB through the Binance web3 wallet.

Within the scope of #MegaDrops , #Binance distributed 168 million of BB, which has a total supply of 2.1 billion, as a reward.

To trade with a 20% discount on Binance and earn rewards from new Megadrop projects
$BTC $BB

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TRUMP token fell after the Former US President was found guilty. The jurors who found #DonaldTrump guilty influenced not only the former US President but also the TRUMP meme coin holders. The token fell by up to 35% following the decision. Jeo Boden, the meme coin inspired by President Joe Biden, rose 20% in the same time period. Trump, who was on trial for falsifying business records, was found guilty of all 34 charges by a New York jury on Thursday, becoming the first US president to be convicted of a crime. Traders on the blockchain-powered prediction market Polymarket expect #Trump to defeat #Biden in the November election regardless. Even after the decision, Trump still has a clear lead at 56% to Biden's 38%. $BTC
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🧙‍♂️ The blockchains that recorded the highest growth in daily active addresses in May were Linea, #Arbitrum and #Polygon .
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SEC takes final step for spot Ethereum ETFs The U.S. Securities and Exchange Commission (SEC) has required spot Ethereum ETF issuers to file updated S-1 forms by Friday, May 31, 2024. This is the final step for spot Ethereum ETFs to begin trading following the approval of forms 19b-4 on May 23. The approval process for Ethereum #ETH #ETFs is progressing rapidly. After approving the 19b-4 forms on May 23, the only obstacle now is the S-1 forms going into effect. Due to a last-minute change by the SEC, these forms were not prepared in advance. But now progress is being made. Draft S-1 forms submitted Sources following the situation said the #SEC has asked issuers to submit draft S-1 filings by Friday. Once the SEC receives these filings, it will provide an initial round of comments, prompting further changes. On the day the #ETFs were approved, VanEck filed its updated form S-1 without delay. On May 30, BlackRock took the same step and announced that its ETFs would launch with an initial investment of $10 million. They noted that the details of seed investments are straightforward and that other aspects of S-1 forms may take longer to handle. Analysts expect S-1 forms to go through at least two more rounds of draft filing processes before they are ready. If this process proceeds slowly, it may take several weeks or even months for S-1 forms to be finalized. Some investors think this delay could be positive for the market. The SEC is taking these steps in the #Ethereum ETF process by focusing the market's attention on S-1 forms. Issuers are moving quickly and complying with the SEC's comments. This paves the way for the imminent launch of Ethereum ETFs. $BTC
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Terraform Labs and its founder reached a preliminary agreement with the SEC. It was reported that Terraform Labs and its co-founder Do Kwon, who were tried for fraud in the case held in the USA yesterday, agreed in principle with the US Securities and Exchange Commission (SEC). According to Reuters, the details of the preliminary agreement with Kwon and Terraform Labs, who were found guilty of civil fraud, have not yet been disclosed. The SEC filed a lawsuit against #Terraform Labs, accusing it of deceiving investors through its dollar-pegged crypto asset TerraUSD. The crypto assets of the Terra ecosystem saw serious demand in a short time, with the attractive return rates they offered at that time, and became among the largest assets in the market. However, when it was understood that the service offered was not sustainable, Terra's algorithmic stable cryptocurrency could not recover despite all efforts after breaking the stability of 1 dollar and reset its value along with the other crypto asset of the ecosystem, LUNA. The collapse of Terraform Labs in May 2022 caused a tremendous loss in the crypto market, reaching $40 billion. In addition, many crypto companies that had commercial relations with the platform had to declare bankruptcy. After all these events, the #SEC filed a lawsuit against the crypto platform, demanding compensation of $ 5.3 billion based on its activities in the USA. However, the regulatory body also demanded an administrative fine of 420 million dollars from the company and 100 million dollars from its founder Do Kwon. Meanwhile, while Do Kwon's sentence in Montenegro continues, both the #USA and South Korea demand Kwon's extradition to their country. With the announcement that the parties had reached a preliminary agreement, some market participants thought that the development would positively affect the assets of #LUNA and LUNC, while others questioned how the collapsed company could pay the penalty. $BTC $LUNA
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Binance Research points out that capital inflows to the DeFi sector are accelerating. Binance Research, the research department of the crypto exchange Binance, published a report on capital inflows to the decentralized finance (DeFi) sector in 2024. The report titled "Breakthrough DeFi Markets" emphasized that capital inflow to DeFi will accelerate in 2024. Data presented in the report shows that the total value locked (TVL) in the sector has increased by 75.1% since the beginning of the year, from $54.2 billion to $94.9 billion. In the detailed report prepared by Binance Research, it is seen that potential developments as well as current developments in the DeFi field are analyzed. Accordingly, the report identifies important trends while also reflecting innovative protocols and potential opportunities. The important sales headlines from the detailed report prepared by Binance Research analysts are as follows: In 2024, the DeFi sector recorded a significant capital inflow, while the total value locked (#TVL ) increased by 75%. The total value locked in yield-bearing markets grew by 148.6% to $9.1 billion. The Pendle protocol pioneered derivative transactions across blockchain networks, with TVL increasing by 1,962% year-to-date, reaching $4.8 billion. Stablecoin market value in #DeFi reached $161.2 billion. This was the highest level in nearly two years. After its launch, the stablecoin of the Ethena ecosystem increased its market value by 2,730.4% to $2.4 billion and became the 5th largest stablecoin in the market. TVL related to loan transactions in crypto asset markets increased by 47.2%, reaching $32.7 billion. Morpho's loan products in this field; Morpho Blue and MetaMorpho have managed to attract billions of dollars in deposits by standing out as more flexible loan products.
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