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PlanetCoin
@Square-Creator-483139816
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Binance Square Official
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Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks:
1. Check in to Binance Square daily.*
2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair.
3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes:
Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions
This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid.
Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub.
Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis.
Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks:
1. Check in to Binance Square daily.*
2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair.
3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes:
Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions
This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid.
Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub.
Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis.
Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
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ZyCrypto
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Spot Bitcoin ETF to Be Approved in Less Than 20 Days?
The crypto market is full of anticipation as the approval window for spot Bitcoin Exchange-Traded Funds (ETFs) will open in less than 20 days. In a recent revelation by renowned crypto influencer Crypto Rover, a comprehensive list of pending spot ETF filings sheds light on the potential candidates awaiting approval from the Securities and Exchange Commission (SEC).
The Landscape of Pending Bitcoin ETFs
Crypto Rover’s tabulated screenshot reveals intriguing insights into the pending spot Bitcoin ETF applications. Among the thirteen listed, a significant twelve were submitted in the current year, underscoring the growing interest within the crypto industry to secure regulatory approval for these investment instruments.
Notably, Grayscale Bitcoin Trust stands out as the lone application submitted before 2023, representing a re-file submitted on October 19, 2021.
Grayscale’s Unique Approach
A distinctive aspect of the pending applications is Grayscale’s latest filing, which involves converting its existing Grayscale Bitcoin Trust (GBTC).
This strategic move aims to make Bitcoin more accessible to individual and institutional investors through a traditional investment avenue in the form of shares, contrasting with the direct investment model prevalent in the crypto space.
Regulatory Landscape and Deadlines
Despite the upcoming approval window, the SEC has yet to set a new deadline for Grayscale’s ETF approval following the expiration of the previous deadline on October 13. However, for most other applications, deadlines are concentrated within the first quarter of 2024. While only two applications extend into the second quarter, Pando’s submission is scheduled for consideration in Q3 2024.
Crypto Rover’s insightful post indicates that Coinbase is the custodian of choice for most proposed spot Bitcoin ETFs. Additionally, eight out of thirteen applications have selected the Chicago Board of Exchanges (CBOE) as the designated exchange to serve their intended purpose, further shaping the landscape of potential ETF offerings.
Market Anticipation
As the countdown to the approval window ticks away, crypto enthusiasts await the potential approval of spot Bitcoin ETFs. This regulatory green light could signify a pivotal moment in the market, marking the beginning of the next bull cycle. The heightened excitement is complemented by the upcoming Bitcoin halving event expected to unfold in the first quarter of 2024, setting the stage for significant developments in the crypto market in the coming months.
With the potential approval of spot Bitcoin ETFs on the horizon, the crypto community is on the edge of its seats, waiting to see if this regulatory milestone will be a game-changer for the industry. As the countdown continues, all eyes are on the SEC and the impending decisions that could shape the trajectory of the crypto market shortly.
The Landscape of Pending Bitcoin ETFs
Crypto Rover’s tabulated screenshot reveals intriguing insights into the pending spot Bitcoin ETF applications. Among the thirteen listed, a significant twelve were submitted in the current year, underscoring the growing interest within the crypto industry to secure regulatory approval for these investment instruments.
Notably, Grayscale Bitcoin Trust stands out as the lone application submitted before 2023, representing a re-file submitted on October 19, 2021.
Grayscale’s Unique Approach
A distinctive aspect of the pending applications is Grayscale’s latest filing, which involves converting its existing Grayscale Bitcoin Trust (GBTC).
This strategic move aims to make Bitcoin more accessible to individual and institutional investors through a traditional investment avenue in the form of shares, contrasting with the direct investment model prevalent in the crypto space.
Regulatory Landscape and Deadlines
Despite the upcoming approval window, the SEC has yet to set a new deadline for Grayscale’s ETF approval following the expiration of the previous deadline on October 13. However, for most other applications, deadlines are concentrated within the first quarter of 2024. While only two applications extend into the second quarter, Pando’s submission is scheduled for consideration in Q3 2024.
Crypto Rover’s insightful post indicates that Coinbase is the custodian of choice for most proposed spot Bitcoin ETFs. Additionally, eight out of thirteen applications have selected the Chicago Board of Exchanges (CBOE) as the designated exchange to serve their intended purpose, further shaping the landscape of potential ETF offerings.
Market Anticipation
As the countdown to the approval window ticks away, crypto enthusiasts await the potential approval of spot Bitcoin ETFs. This regulatory green light could signify a pivotal moment in the market, marking the beginning of the next bull cycle. The heightened excitement is complemented by the upcoming Bitcoin halving event expected to unfold in the first quarter of 2024, setting the stage for significant developments in the crypto market in the coming months.
With the potential approval of spot Bitcoin ETFs on the horizon, the crypto community is on the edge of its seats, waiting to see if this regulatory milestone will be a game-changer for the industry. As the countdown continues, all eyes are on the SEC and the impending decisions that could shape the trajectory of the crypto market shortly.
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CoinChapter
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Why Did BNB Price Surge Past $300?
Why is BNB Price Up Today? Read CoinChapter.com on Google News
YEREVAN (CoinChapter.com) — BNB, the flagship token of the Binance exchange, is rallying. In 24 hours, the token’s price surged nearly 15%, going from around $262 on Dec. 25 to $301 the following day. The rally comes against the backdrop of the announcement about the launch of Sleepless AI on Binance Launchpool. Moreover, the company also published its bullish roadmap for 2024, boosting the BNB price further.
However, the rally also saw short-term traders pulling out profits, pushing the BNB price slightly down. The token trades at $295 at the time of writing, according to charts from the portfolio management app CoinStats.
Weekly BNB price chart. Source: CoinStats
The BNB token’s total market capitalization currently stands at over $45 billion. Ranked 5th on the chart, it sits below Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Solana (SOL).
Sleepless AI comes to Binance Launchpad
The upcoming launch of Sleepless AI on the Binance Launchpad has positively impacted investor sentiment. The company announced that the Web3+AI gaming platform will be the 42nd project on Binance Launchpool.
Following its launch on Dec. 28, Binance traders will have a seven-day window to farm Sleepless AI tokens by staking BNB, FDUSD, and TUSD.
Binance’s Tweet announcing the upcoming launch of Sleepless AI. Source: X
After that, Binance will list the Sleepless AI token on its platform on Jan. 04, 2024. The token will be available through various trading pairs such as AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY.
BNB price rallies despite Binance legal problems
The latest BNB price surge comes as a surprise to many market observers. Binance has lately been going through legal troubles with regulators and authorities.
Last month, Binance founder Changpeng Zhao (CZ) pleaded guilty to charges related to violating US Anti-Money Laundering (AML) laws. As a result of the subsequent agreement with the United States Department of Justice (DOJ), CZ agreed to step down as the company’s CEO. In addition, he committed to paying $4.3 billion from the firm as part of the settlement and a $50 million personal fine.
Moreover, days later, Binance.US, his firm’s US operations, removed him as the Chair of its Board of Directors. He currently awaits sentencing in early 2024, where he could face jail time anywhere between 18 months to 10 years.
The developments came as a massive blow to the world’s largest exchange in daily volumes. Many experts opined that the downfall of Binance had begun. Some even questioned the leadership skills of Richard Teng, who took over as the CEO of Binance after CZ’s resignation. Former SEC official John Reed Stark even insisted that Binance’s eventual collapse is now inevitable.
Moreover, the Philippines’ Securities and Exchange Commission (SEC) warned Binance about its unlicensed operations. The exchange also faces several problems in many other countries, including Canada and the UK. In addition, it was forced to cease operations in many countries of the European Union (EU) region.
BNB breaks out from Falling Wedge pattern
Despite the legal troubles, charts from TradingView show that the BNB price has broken out of the falling wedge pattern that was persistent since late 2021. This indicates that investors are not abandoning the token.
Chart showing the BNB price in a breakout from the falling wedge pattern: Each candle represents one week: Source: TradingView
Although there are a couple of resistance price points that BNB will have to overcome, any major rally could take it back to the $650 mark. That would translate to around a 120% surge from its current price.
The surge in activity in the crypto industry has also automatically impacted BNB price. Given the daily transaction volumes of the exchange, the token is vital for the ecosystem, thus benefiting from the overall surge.
The post Why Did BNB Price Surge Past $300? appeared first on CoinChapter.
YEREVAN (CoinChapter.com) — BNB, the flagship token of the Binance exchange, is rallying. In 24 hours, the token’s price surged nearly 15%, going from around $262 on Dec. 25 to $301 the following day. The rally comes against the backdrop of the announcement about the launch of Sleepless AI on Binance Launchpool. Moreover, the company also published its bullish roadmap for 2024, boosting the BNB price further.
However, the rally also saw short-term traders pulling out profits, pushing the BNB price slightly down. The token trades at $295 at the time of writing, according to charts from the portfolio management app CoinStats.
Weekly BNB price chart. Source: CoinStats
The BNB token’s total market capitalization currently stands at over $45 billion. Ranked 5th on the chart, it sits below Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Solana (SOL).
Sleepless AI comes to Binance Launchpad
The upcoming launch of Sleepless AI on the Binance Launchpad has positively impacted investor sentiment. The company announced that the Web3+AI gaming platform will be the 42nd project on Binance Launchpool.
Following its launch on Dec. 28, Binance traders will have a seven-day window to farm Sleepless AI tokens by staking BNB, FDUSD, and TUSD.
Binance’s Tweet announcing the upcoming launch of Sleepless AI. Source: X
After that, Binance will list the Sleepless AI token on its platform on Jan. 04, 2024. The token will be available through various trading pairs such as AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY.
BNB price rallies despite Binance legal problems
The latest BNB price surge comes as a surprise to many market observers. Binance has lately been going through legal troubles with regulators and authorities.
Last month, Binance founder Changpeng Zhao (CZ) pleaded guilty to charges related to violating US Anti-Money Laundering (AML) laws. As a result of the subsequent agreement with the United States Department of Justice (DOJ), CZ agreed to step down as the company’s CEO. In addition, he committed to paying $4.3 billion from the firm as part of the settlement and a $50 million personal fine.
Moreover, days later, Binance.US, his firm’s US operations, removed him as the Chair of its Board of Directors. He currently awaits sentencing in early 2024, where he could face jail time anywhere between 18 months to 10 years.
The developments came as a massive blow to the world’s largest exchange in daily volumes. Many experts opined that the downfall of Binance had begun. Some even questioned the leadership skills of Richard Teng, who took over as the CEO of Binance after CZ’s resignation. Former SEC official John Reed Stark even insisted that Binance’s eventual collapse is now inevitable.
Moreover, the Philippines’ Securities and Exchange Commission (SEC) warned Binance about its unlicensed operations. The exchange also faces several problems in many other countries, including Canada and the UK. In addition, it was forced to cease operations in many countries of the European Union (EU) region.
BNB breaks out from Falling Wedge pattern
Despite the legal troubles, charts from TradingView show that the BNB price has broken out of the falling wedge pattern that was persistent since late 2021. This indicates that investors are not abandoning the token.
Chart showing the BNB price in a breakout from the falling wedge pattern: Each candle represents one week: Source: TradingView
Although there are a couple of resistance price points that BNB will have to overcome, any major rally could take it back to the $650 mark. That would translate to around a 120% surge from its current price.
The surge in activity in the crypto industry has also automatically impacted BNB price. Given the daily transaction volumes of the exchange, the token is vital for the ecosystem, thus benefiting from the overall surge.
The post Why Did BNB Price Surge Past $300? appeared first on CoinChapter.