Binance Loans on March 20, 2024 added New Loanable assets.

How does Binance Loans works?

Binance Loans (Flexible Rate) is an open-term loan product that allows users to complete loan orders while collateralizing cryptocurrencies in existing Simple Earn Flexible Products subscriptions. Users may enjoy greater flexibility without committing to a specific loan term when borrowing cryptocurrencies on Binance Loans (Flexible Rate), and earn Real-Time APR rewards via Simple Earn Flexible Products at the same time. Loan rates are refreshed every minute, and users may place a loan order with a minimum of 1 USDT equivalent.

Binance has added the following assets:

Algorand (ALGO)
ApeCoin (APE)
Dai (DAI)
Open Campus (EDU)
MultiversX (EGLD)
FLOKI (FLOKI)
Flow (FLOW)
The Graph (GRT)
Immutable (IMX)
Lido DAO (LDO)
Mina (MINA)
Maker (MKR)
Neo (NEO)
Quant (QNT)
Stacks (STX)
Solar (SXP)
Zilliqa (ZIL)

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AITECH x CMC: $50,000 Airdrop Campaign!
Mar 20, 2024 - Apr 3, 2024 

How to Participate?
Go to Coinmarketcap website
1. Search for AITECH and enter the token page
Add $AITECH token to your CoinMarketCap watchlist

2. Comment on $AITECH token page with a [Bullish] label, and explain in the comment your favorite things about AITECH. Include the following tags in the comment: $AITECH $ETH $BTC $BNB. 

3. Add $AITECH to your CoinMarketCap Portfolio (Only if you are a $AITECH holder) 

4. Follow AITECH on CoinMarketCap Community

5. Like, Comment, and Share the pinned post on ChianGPT's Community Page

6. Like, Comment, and Share the latest 10 posts. > AITECH Community Profile

7. Enter AITECH token page on CMC, and follow the social media accounts attached to the profile (Twitter/X , Telegram, Discord): 

8. Tweet about AITECH Airdrop event, Tag @AITECHio, use the hashtags: #AITECH $AITECH, and tag 3 of your friends. Make sure to also follow @AITECHPad on Twitter.

9. Fill in the airdrop form and leave your BSC address

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Trezor’s Social Media Account Hacked.

Trezor‘s Twitter account has been hacked, and posts are being made in the style of “send me crypto, and I’ll send you tokens,” similar to what a user named Kero did.

Any balance sent by investors to the wallet address mentioned will end up in the hands of the attackers, so you should definitely not send money in the hope of receiving tokens. Additionally, you should be cautious of different trap posts that might be shared in the coming minutes and should not click on any links.

No tokens were sent to the shared address in the few minutes that followed. Although the number of victims is zero for now, losses could occur if the account remains in the hands of the attackers for an extended period.

BEWARE!
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Federal Reserve’s interest rate decision today.

Lower rates would weaken U.S. Treasury yields, making riskier assets such as cryptocurrencies more attractive to investors.

Bitcoin is technically in a correction, which means it's trading more than 10% lower than its prior high of $73,000 set not a week ago.

And this big move in the largest cryptocurrency by market capitalization has also spilled over into Ether (ETH), Solana (SOL) and Cardano (ADA), which also saw big drops in trade.
Crypto investors are closely watching the Federal Reserve this week for clues about the timing or magnitude of an interest rate cut. 

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Over $700 Million liquited after BTC price dropped 10%

Bitcoin‘s price plunged to below $66,000 and resulting in over $700 million in losses for traders

This downturn follows a recent peak of $73,750, driven by excitement over spot Bitcoin exchange-traded funds (ETFs).

The correction, dropping the price by over 10%, was largely because of inflation fears, confirmed by recent macroeconomic indicators.

Will There Be More Losses for BTC?

The most crucial issue at the moment is the price’s proximity to the critical support point near $65,000. However, the strength of this support point seems to be tested, and if it fails to hold, more losses could be on the horizon for BTC.

So, which levels are critical? The first major support is at $64,550. However, the point we should really focus on is the $64,000 level. If we see a close below this level, we should consider the possibility of a price decline towards $63,500. In the event of further losses, the price could be predicted to journey towards the $62,000 support zone.

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Decrypting the Bitcoin Price Drop: Understanding the Factors Behind Today's Plunge

In the fast-paced and often unpredictable world of cryptocurrency markets, volatility is a constant companion. Today, Bitcoin (BTC), the flagship cryptocurrency, experienced a significant price drop, leaving investors and enthusiasts scrambling for answers.

Market Sentiment and Profit-taking:

One of the primary drivers behind today's Bitcoin price drop could be attributed to market sentiment and profit-taking. After reaching new all-time highs in recent weeks, investors may have opted to capitalize on their gains, selling their Bitcoin holdings to lock in profits. This influx of selling pressure can exert downward pressure on Bitcoin's price, triggering a cascade of sell-offs as traders seek to secure their gains amid uncertainty in the market.

Technical Factors and Market Manipulation

Technical factors and market dynamics play a crucial role in shaping Bitcoin's price movements. Today's price drop may have been exacerbated by technical indicators, such as overbought conditions or bearish chart patterns, prompting traders to initiate sell orders or liquidate leveraged positions. Moreover, the crypto market is susceptible to manipulation by whales and large institutional players, who can orchestrate coordinated sell-offs or pump-and-dump schemes to manipulate prices for their gain.

Conclusion: Navigating the Crypto Rollercoaster

In conclusion, the sudden drop in Bitcoin's price today underscores the inherent volatility and uncertainty that characterize cryptocurrency markets. While various factors may have contributed to today's downturn, it's essential for investors and traders to maintain a long-term perspective and exercise caution when navigating the crypto rollercoaster. Conducting thorough research, staying informed about market developments, and adopting risk management strategies can help mitigate the impact of price fluctuations and navigate the complexities of the crypto market with confidence.

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Navigating the Crypto Seas: Top 5 Centralized Exchanges (CEX)

In the bustling and dynamic world of cryptocurrency trading, centralized exchanges (CEX) serve as the cornerstone for investors and traders to buy, sell, and trade digital assets with ease and efficiency. Among the myriad of exchanges available, a select few stand out for their exceptional trading volumes, liquidity, and reliability. In this blog post, we'll delve into the top 5 centralized exchanges in the crypto market, ranked by their trading volumes, shedding light on what makes them the go-to destinations for crypto enthusiasts worldwide.

1. Binance

Binance, founded in 2017 by Changpeng Zhao (CZ), has solidified its position as the world's largest cryptocurrency exchange by trading volume.

2. Coinbase Pro

Coinbase Pro, the advanced trading platform of the renowned Coinbase exchange, boasts significant trading volumes and liquidity, making it a preferred choice for traders.

3. Huobi Global

Huobi Global, founded in 2013, stands as one of the oldest and most reputable cryptocurrency exchanges in the industry.

4. Kraken

Kraken, founded in 2011, holds the distinction of being one of the longest-standing cryptocurrency exchanges in the industry. Known for its commitment to security, regulatory compliance, and transparency, Kraken has earned the trust of traders and investors worldwide.

5. Bitfinex

Bitfinex, established in 2012, has cemented its position as one of the leading cryptocurrency exchanges in terms of trading volume and liquidity. With its advanced trading features, including margin trading, lending, and derivatives, Bitfinex caters to both retail and institutional traders seeking access to a diverse range of trading instruments.

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Unveiling the Top 5 Crypto Assets on Binance: A Comprehensive Analysis

In the ever-evolving landscape of cryptocurrencies, Binance stands as a titan, a global platform where traders and investors converge to explore the vast realm of digital assets. Within Binance's ecosystem, a plethora of cryptocurrencies thrives, each with its unique features, potentials, and risks. In this blog post, we'll embark on a journey to uncover the top 10 crypto assets on Binance, delving into their backgrounds, functionalities, and what makes them stand out in the bustling crypto market.

1. Bitcoin (BTC)
Symbol: BTC | Market Cap: $Trillions

As the pioneer of cryptocurrencies, Bitcoin needs no introduction. Serving as the cornerstone of the entire crypto market, Bitcoin boasts unparalleled liquidity, adoption, and recognition. With a capped supply of 21 million coins, Bitcoin remains a store of value and a hedge against traditional financial systems.

2. Ethereum (ETH)
Symbol: ETH | Market Cap: $Billions

Ethereum, often dubbed as the "world computer," revolutionized blockchain technology with its smart contract functionality. Hosting a myriad of decentralized applications (DApps) and facilitating the creation of new tokens through its ERC-20 standard, Ethereum continues to be a driving force in the decentralized finance (DeFi) space.

3. Binance Coin (BNB)
Symbol: BNB | Market Cap: $Billions

Binance Coin, the native token of the Binance ecosystem, serves multifaceted purposes. From reducing trading fees on the Binance exchange to powering the Binance Smart Chain (BSC), BNB has cemented its position as one of the most versatile utility tokens in the crypto sphere.

4. Solana (SOL)
Symbol: SOL | Market Cap: $Billions

Solana has emerged as a prominent player in the realm of blockchain scalability and throughput.

5. Cardano (ADA)
Symbol: ADA | Market Cap: $Billions
Cardano prides itself on its scientific approach to blockchain development, prioritizing scalability, interoperability, and sustainability.

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The Halving Effect: Unraveling Bitcoin's Price Mystery
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As Bitcoin continues to capture the imagination of investors and enthusiasts worldwide, one event stands out as a pivotal moment in its history: the halving. Scheduled to occur roughly every four years, the halving event reduces the rate at which new Bitcoins are created, effectively cutting the supply of new coins entering circulation. But what does this mean for the price of Bitcoin?

To understand the halving event, it's essential to grasp the fundamentals of Bitcoin's monetary policy. Unlike traditional currencies controlled by central banks, Bitcoin operates on a decentralized network, and its monetary policy is predetermined by code. Every 210,000 blocks mined, approximately every four years, the reward given to miners for validating transactions is halved. This reduction in mining rewards is what's known as the halving event.

Examining past halving events provides valuable insights into how Bitcoin's price has reacted in the past. The first halving occurred in November 2012, followed by subsequent events in July 2016 and May 2020. Historical data shows that in the months leading up to each halving, there's often a surge in demand as investors anticipate the event's impact on supply and demand dynamics. This increased demand can drive up the price of Bitcoin.

Following each halving event, Bitcoin's price has exhibited varied behavior. While some analysts expected an immediate and significant price surge, the reality has been more nuanced. In the short term, the price has experienced fluctuations, sometimes even a temporary dip, as the market adjusts to the new supply dynamics. However, over the longer term, the effects of the halving event have often been bullish, with Bitcoin's price eventually reaching new highs.

The halving reduces the rate of new Bitcoin issuance, effectively decreasing the available supply. If demand remains constant or increases, the reduction in supply can lead to upward pressure on prices.