PEPE, SHIB, DOGE and WIF traders can claim $10,000 giveaway from major exchange.
Binance, the world's largest cryptocurrency exchange, has unveiled an enticing opportunity for traders seeking to dive into the world of meme tokens. In a recent announcement, Binance revealed a promotion aimed at users who have not engaged in trading on Binance Spot within the last 90 days. The promotion offers a chance to claim a share of 10,000 FDUSD in token vouchers.
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Cryptocurrencies saw huge losses on Thursday, with Bitcoin plummeting by over 9% on the day. Many crypto traders are already calling the sudden drop a flash crash. The exact reasons behind this abrupt move lower are somewhat unclear, and various theories are currently circulating regarding what drove the declines.
Losses started during the morning hours on Thursday, as traders began to liquidate crypto derivative contracts in anticipation of the upcoming period of monthly options expiration at the week’s end. The prices of Bitcoin and other cryptos had been gradually decreasing over the past few weeks, which had been pressuring the futures and options markets.
Later in the afternoon, the Wall Street Journal published “preliminary” information about SpaceX’s first-quarter results. SpaceX, a space rocket launch company founded by Elon Musk of Tesla, is a dominant player in the space launch industry.
Among other details, the report stated that SpaceX had written down its Bitcoin holdings in the quarter and subsequently sold them off.
Russia Plans To Ban Cryptocurrencies, Will Markets Crash?
According to Anatoly Aksakov, Chairman of Russia’s State Duma Committee on the Financial Market, the nation will put a blanket ban on the general circulation of cryptocurrency assets. The motive behind the move is to reinforce the Ruble’s dominance and control the crypto ecosystem.
The crypto exchange giant Binance intends to list REZ, a token from the liquid restaking protocol Renzo, as part of the token's distribution plan. Binance will first incorporate the token into its Launchpool today at 8 p.m. ET (April 24 at 00:00 UTC) before listing the token on April 30 at 8 a.m.
To safeguard users and assure a high-quality trading market, Binance reviews all listed spot trading pairs regularly and may delist some spot trading pairs for a variety of reasons, including low liquidity and trading volume.
According to its most recent reviews, Binance will remove and cease trading on six spot trading pairs on April 26 at 3:00 a.m. (UTC): ALPINE/BTC, FRONT/TUSD, HARD/BTC, RUNE/TUSD, SSV/TUSD and WIN/BRL.
Similarly, Spot Trading Bot services for the aforementioned spot trading pairs will be discontinued on the specified date and time, as applicable. Binance users are strongly urged to update and/or terminate their Spot Trading Bots before the discontinuation of Spot Trading Bot services to avoid any losses.
Delisting a spot trading pair does not affect the tokens' availability on Binance Spot. Users can continue to trade the spot trading pair's base and quote assets on Binance's other trading pairs.