The global cryptocurrency market cap now stands at $2.64T, up by 4.27% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $67,284 and $70,196 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $67,378, down by -2.76%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include LEVER, INJ, and GNO, up by 11%, 9%, and 9%, respectively. Top stories of the day: Binance CEO: Incumbents and Insurgents in the Era of Blockchain Innovation Binance Labs Invests in Zircuit to Enhance Layer 2 Security with AI-Enabled Sequencer-Level Technology Cryptocurrency Market Faces Significant Correction, Meme Coins Affected Institutional Investors Increasingly Eyeing Virtual Assets, Says Chris Barford Historical Analysis Reveals Bitcoin's Average Q3 Returns Bitcoin's Circulation Speed Mirrors That of 13 Years Ago, Says CryptoQuant CEO Solana Surpasses Ethereum in 24-Hour DEX Trading Volume for Five Consecutive Days Ethereum Spot ETF Issuers Await SEC Feedback on First Draft S-1 Filings Bitcoin Spot Price Remains Stable Despite Record Inflows Into US Listed Bitcoin ETF Major Banks Abandon Calls for Interest Rate Cut Following Employment Report Market movers: ETH: $3525.61 (-3.76%) BNB: $608.5 (-5.31%) SOL: $153.01 (-3.69%) XRP: $0.4861 (-1.70%) DOGE: $0.14117 (-2.34%) ADA: $0.4294 (-2.48%) SHIB: $0.00002218 (-4.02%) AVAX: $31.89 (-1.85%) WBTC: $67292.8 (-2.81%) TRX: $0.11715 (+0.86%) Top gainers on Binance: LEVER/USDT (+11%) INJ/USDT (+9%) GNO/USDT (+9%)

On June 11, 2024, Binance Labs announced its investment in Zircuit, a pioneering zero-knowledge rollup integrating AI-enabled sequencer-level security. This collaboration aims to bring cutting-edge security measures to the Layer 2 (L2) blockchain environment. Zircuit is a new L2 network designed to provide robust on-chain security through its innovative use of AI and zero-knowledge proofs. Here are the essential details: AI-Enabled Sequencer-Level Security:   - Zircuit's AI mechanisms automatically guard against smart contract exploits and malicious actors.   - Sequencer-level security offers another layer of protection, ensuring the network's integrity and reliability. Hybrid Architecture:   - Combines proven rollup infrastructure with zero-knowledge proofs.   - Ensures a fast, low-cost, and fully Ethereum Virtual Machine (EVM)-compatible ZK rollup without compromising security. Efficient Performance:   - Decomposes circuits into specialized parts and aggregates proofs to achieve higher efficiency and reduced operating costs.   - Optimizes transaction speed and throughput, making the network conducive for large-scale adoption. Yi He, Co-Founder of Binance and Head of Binance Labs "At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer-level security, Zircuit is providing a more secure L2 solution and we look forward to watching it grow and develop further.” Dr. Martin Derka, Co-Founder of Zircuit "Zircuit was born out of cutting-edge scaling and security research. We’re innovating on top of a deep technical foundation, and making Ethereum safer for the next billion users. We’re thrilled to have Binance Labs join us in this journey.” Growth and Ecosystem: Mainnet Launch:    - Zircuit is preparing to debut its mainnet this summer, marking a significant milestone in its development. - Staked Assets:   - The network currently hosts over $3.5 billion in staked assets, demonstrating strong investor and user confidence. - "Build to Earn” Program:   - Zircuit's development initiative has attracted more than 1,100 applications, showcasing the community's enthusiasm and participation. - Launch Partners:    - Collaborations include notable entities such as Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, among others. Implications for the Blockchain Industry: Technological Advancement: - The integration of AI for sequencer-level security represents a novel approach to blockchain security, potentially setting new industry standards. Market Impact: - Zircuit's ability to maintain high security while ensuring fast and cost-effective transactions could attract a significant number of projects and users, contributing to the broader adoption of Layer 2 solutions. Investment Significance: - Binance Labs' investment underscores its commitment to fostering innovation within the blockchain space, particularly in enhancing the security and scalability of blockchain networks.

Contact Binance News: binancenews@binance.com Updated April 22, 2024 How to Earn Commissions with  Binance News? Want to not only stimulate lively discussions within your community but also earn commissions? Binance News introduces a Telegram bot that shares carefully curated news articles selected by our expert editorial team. We extend a warm invitation for you to seamlessly integrate this bot into your Telegram communities, providing your users with up-to-the-minute news and market insights. When sharing news pieces with your followers, the bot will integrate your referral ID into links. For every new user successfully referred to Binance via the links, the referrer will receive a commission on fees anytime the new referred user trades on any of Binance’s Spot or Margin markets. For more details, please refer to the Binance Standard Referral Mode Guide: https://www.binance.com/en/support/faq/binance-standard-referral-mode-guide-cbac15853b0243cda4a90c9c03ca0c38 .  How Can You Get Started? 1) Add the bot (@OfficialBinanceFeedBot) to your Telegram groups or channels and grant it permission to send messages. 2) Find your Referral ID in the Standard Referral tab and decide whether to create one specifically for the bot (Learn more about how to get your Referral ID: https://www.binance.com/en/support/faq/how-to-use-binance-referral-program-e4df6cfe66d940debdc1c77d05ae3381) 3) After completing the two steps mentioned above, simply share your group or channel links along with your Referral ID with the Binance News team, and we'll take care of the rest with our tech team. Note: Please contact us, and our technical team will assist you with the necessary configuration. Simply adding the bot as a group member will not successfully share news articles into the group. The bot is currently available in English, Simplified Chinese, and Traditional Chinese, with more languages coming soon. Why Partner with Binance News? Top-Quality Content for FREE Traditionally, procuring content licenses from leading crypto media outlets could cost over $5000 USD monthly. Binance is revolutionizing this landscape by offering premium content to our valued partners at no cost. Boost Your Credibility Through Partnership with Binance News As the official news channel of the world's largest crypto exchange, Binance News boasts the highest number of followers on Binance Square. This underscores the trust and reliance placed in Binance News. By seamlessly integrating Binance News content into your platform, you not only provide invaluable insights to your users but also enhance the credibility of your brand. About Binance News Binance News (https://www.binance.com/en/feed/news/all) stands as the foremost news source within Binance Square, one of the world's largest crypto communities. Committed to delivering real-time market data and the latest trends, Binance News ensures your audience remains consistently ahead in the dynamic realm of cryptocurrency.

The 10 Most Searched Tokens on Binance.com Today. 1. $IOST: -1.18% 2. $NOT: -15.81% 3. $BTC: -2.5% 🚀 Explore more on Binance Square now: https://www.binance.com/square

This past weekend, Binance achieved a significant milestone, surpassing 200 million registered users. This explosive growth mirrors the accelerating adoption of digital assets and blockchain technology.   Learning from History: - The growth trajectory of blockchain and Web3 resembles past cycles of technological disruption. - Previous technological innovations such as electricity and the internet took longer to gain widespread adoption compared to the rapid proliferation of blockchain and digital assets. Historical Context of Technological Disruption Throughout history, new technologies have disrupted established industries and economies, pitting incumbents (established players) against insurgents (innovative newcomers). Typically, incumbents initially dismiss the new technology but are eventually forced to adopt it or risk obsolescence. This pattern is being observed today with the rise of blockchain and Web3. The Pace of Technological Disruption Acceleration Over Time: - Early technologies such as the steam engine and electricity took decades to transform industries. - The internet (Web1) achieved mass adoption much faster, revolutionizing communication, commerce, and entertainment by the early 1990s. Blockchain and Web3: - Introduced with Bitcoin in 2009, blockchain technology has achieved mainstream attention within a decade. - Millions now use digital assets for various activities, from transferring value to engaging in decentralized finance (DeFi). Real-World Utility and Adoption Despite skepticism, blockchain and digital assets have demonstrated real-life utility and consumer value more swiftly than past technologies. The rapid growth in Binance's user base is a testament to this: User Growth:  - Achieved 50 million users by May 2021 (four years post-launch).  - Reached 150 million users by June 2023.  - Surpassed 200 million users in less than a year thereafter. Diffusion of Blockchain Innovation Everett Rogers’ Diffusion of Innovation Theory: - Innovations spread over time among participants in a social system, categorized into stages: knowledge, persuasion, decision, implementation, and confirmation. - Rogers identifies five adopter categories: innovators (2.5%), early adopters (13.5%), early majority (34%), late majority (34%), and laggards (16%). Even if only Binance's users are considered, representing more than 2.5% of the global population, it indicates that blockchain adoption is progressing towards the early majority phase, potentially leading to mass, self-sustained adoption. Cooptation or Obsolescence Historical Examples: - Telegraph companies initially dismissed the telephone. The value of instant voice communication soon led to its widespread adoption. - Personal computers were initially seen as toys until they became essential for business and personal use. Modern Parallels: - Blockchain technology faced initial skepticism from traditional financial institutions. - Now, many incumbents, such as BlackRock and Fidelity, are embracing blockchain innovations like spot bitcoin ETFs. - Companies like JP Morgan and IBM are integrating blockchain into their operations to enhance efficiency and security. Future Outlook As blockchain and Web3 technologies continue to evolve, established players must either co-opt these innovations or risk obsolescence. The rapid growth of the Binance community suggests that this future is imminent, with blockchain poised to reshape not only the financial landscape but numerous other industries as well.

The global cryptocurrency market cap now stands at $2.64T, up by 4.27% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $69,250 and $69,857 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $69,288, down by -0.10%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include AUDIO, ROSE, and OM, up by 15%, 12%, and 11%, respectively. Top stories of the day: BNB Chain Announces Haber Hard Fork for BSC Mainnet – Scheduled for June 20  BNB Chain Updates Its High-Risk DApp Red Alarm Project List 10x Research: Stablecoins Slowdown Preventing Bitcoin from Reaching New All-Time Highs QCP Capital: Payrolls-Induced Bitcoin and Ether Dip Seen as 'Buy the Dip' Opportunity US Employment Data Impacts Bitcoin and Ethereum Prices Digital Asset Investment Products See $2bn Inflows in Early June Amid Rate Cut Expectations Federal Reserve Likely to Maintain Interest Rates, Impact on Crypto Market Expected Bitcoin Market Value Surpasses Combined Value of Top Three Global Banks Moody's Evaluates Downgrades for Six US Regional Banks Due to High Exposure to CRE Loans Retail Investors Account for Record 18% of Options Trading  Market movers: ETH: $3663.46 (-0.71%) BNB: $642.5 (-5.79%) SOL: $158.87 (-0.38%) XRP: $0.4945 (+0.00%) DOGE: $0.14454 (-1.12%) ADA: $0.4403 (+0.05%) SHIB: $0.00002311 (-0.30%) AVAX: $32.49 (-0.06%) WBTC: $69271.3 (-0.06%) TRX: $0.11615 (+0.40%) Top gainers on Binance: AUDIO/USDT (+15%) ROSE/USDT (+12%) OM/USDT (+11%)

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On Jun 10, 2024, 07:04 AM (UTC). According to Binance Market Data, BNB has dropped below 650 USDT and is now trading at 648.900024 USDT, with a narrowed 4.52% decrease in 24 hours.

According to Odaily, BNB Chain has updated its DappBay high-risk DApp Red Alarm project list. The recent additions to the list over the past ten days include SmolRefuel, Sigma Bot, Entangle, CrazyDice, Moss, and Colonia Games. The Red Alarm project list is a crucial part of BNB Chain's efforts to monitor and manage the risks associated with decentralized applications (DApps). The inclusion of these new projects indicates a heightened level of risk associated with them. SmolRefuel, Sigma Bot, Entangle, CrazyDice, Moss, and Colonia Games are the latest projects to be flagged by BNB Chain. The specific reasons for their inclusion have not been disclosed, but it is clear that BNB Chain is taking proactive steps to manage potential risks in the DApp ecosystem.

The global cryptocurrency market cap now stands at $2.64T, up by 4.27% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $69,130 and $69,515 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $69,360, down by -0.13%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include PEOPLE, BICO, and ORN, up by 23%, 16%, and 13%, respectively. Top stories of the day: Binance Surpasses 200 Million Registered Users Globally Bitcoin Volatility Nears Record Low Levels Before June 7 Price Decline Ethereum On-Chain DEX Weekly Trading Volume Drops by Over 50% Million-Dollar Asset Theft From CEX User Account Under Investigation US Spot Bitcoin ETF Increases Holdings by 25,700 BTC in the First Week of June Nvidia Surpasses Apple With A Market Cap Of $3 Trillion Economists Divided Over Fed's Signal for Rate Cut Next Week Bitcoin's Price Drops Despite Continuous Inflows Into US-Based ETFs BlackRock's IBIT Surpasses Grayscale's GBTC in Bitcoin Spot ETF Holdings DeFi TVL Reaches $192 Billion in May, Despite Drop in Active Wallets Market movers: ETH: $3689.51 (-0.10%) BNB: $682 (-1.40%) SOL: $159.49 (-1.73%) XRP: $0.4945 (-0.70%) DOGE: $0.14616 (-0.93%) ADA: $0.4401 (-0.43%) SHIB: $0.00002318 (-2.73%) AVAX: $32.5 (-2.49%) WBTC: $69314.07 (-0.18%) TRX: $0.11568 (+1.84%) Top gainers on Binance: PEOPLE/USDT (+23%) BICO/USDT (+16%) ORN/USDT (+13%)

According to data from Binance's official website, as of June 8, 2024, the number of global registered users on Binance has exceeded 200 million.

Maximal Extractable Value (MEV) refers to the maximum profit that can be extracted by reordering, including, or excluding transactions within a block by miners, validators, or other network participants. In this article, we will explore the mechanics of MEV and how BNB Chain’s Proposer-Builder Separation (PBS) model is reshaping the MEV landscape. What is MEV? MEV arises from the decentralized nature of blockchain technology. Unlike traditional financial systems where a central authority dictates transaction orders, blockchain transactions are ordered based on protocol rules. This opens opportunities for miners and validators to optimize transaction sequencing for profit. MEV incentivizes network participants to maintain and secure the blockchain. By allowing miners and validators to profit from transaction ordering, MEV provides financial motivation to support the network. This can improve security and stability, as participants are more likely to invest in better hardware and infrastructure to maximize their gains. MEV-driven activities can increase market efficiency by enabling arbitrage opportunities and liquidity provision, which are crucial for the healthy functioning of decentralized exchanges and financial protocols. However, MEV also presents challenges, such as potential centralization and the risk of unfair transaction prioritization, which must be managed to ensure a balanced ecosystem. Common MEV Strategies In decentralized exchanges (DEXs), miners and validators employ several MEV strategies to maximize profits: Arbitrage: Exploiting price discrepancies between different markets by front-running other traders. Back-running: Placing sell orders after large buy orders to benefit from buying pressure. Sandwich deals: Placing buy and sell orders around a target transaction to profit from price fluctuations. Flash loans: Borrowing and repaying funds within a single transaction to enable profitable trades without upfront capital. Strategies have been developed to mitigate MEV exploitation, such as Fair Sequencing Services (FSS) for decentralized and fair transaction ordering, off-chain transactions, batching to minimize the impact of transaction reordering, and protocols that allow users to set maximum slippage limits. Introducing BNB Chain’s MEV Solution To address MEV challenges and leverage its opportunities, the BNB Chain ecosystem has developed comprehensive MEV solutions supported by Blockrazor, blocksmith, and NodeReal. The BNB Chain open-source repository maintains the builder list and corresponding RPC endpoints. Key Features of BNB Chain’s MEV Solutions Integrated Validator Support: Approximately 23 out of 40 active validators on BNB Chain have integrated with MEV providers. Standardized Builder API: Proposed in BEP 322, this API allows validators to accept builder registration in a permissionless manner, enabling seamless integration with multiple builders and fostering competition. Enhanced Transparency: Robust data reporting and transparency mechanisms allow all participants to track and understand MEV activities, crucial for optimizing MEV processes and maintaining the blockchain's integrity. Challenges in Current MEV Solutions Despite advancements, challenges remain in the current MEV landscape on BNB Chain: Complexity for Validators: The lack of a standardized builder API requires unique implementations for each MEV solution, complicating integration and maintenance. Fragmentation and Lack of Open Marketplace: Individual MEV providers lead to fragmentation. An open marketplace for MEV searchers could streamline processes and enhance decentralization. Opacity in Revenue and Data: The inability to track and understand MEV revenue generation and participant contributions hinders fair and efficient assessments. Robust data reporting is essential to address this. New Proposal: BEP 322 for an MEV Supply Chain Solution BNB Chain is enhancing its MEV landscape through the Proposer-Builder Separation (PBS) model introduced in BEP 322. This model separates validators from block builders, allowing builders to create and propose blocks to validators, who then select the most profitable one. Key aspects include: Builder Registration: Permissionless builder registration enables seamless integration with multiple builders. Block Building and Proposing: Builders propose blocks using the unified API, streamlining production. Fee Reconciliation: Automated fee reconciliation mechanisms simplify the fee process and enhance transparency. Fair Profit Distribution: Profits from MEV are distributed among searchers, builders, validators, and BNB holders. Builders use a private mempool to protect users from attacks and offer better pricing. Benefits of BNB Chain’s MEV Solutions For Builders Increased Profitability: Implement diverse pricing mechanisms, offering free services to searchers while charging validators. Competitive Marketplace: A standardized builder API fosters competition, innovation, and efficiency. For Validators Maximize Rewards: Integration with MEV providers improves profitability by 7% to 15%. Simplified Integration: A unified builder API reduces integration complexity, lowering maintenance efforts and minimizing security vulnerabilities. For Wallets and Users Improved User Experience: Users benefit from better transaction execution and reduced front-running risks. Fairer Transaction Processing: Standardized and transparent MEV processes promote equitable transaction prioritization. Conclusion MEV is a natural and essential aspect of blockchain technology, driving profitability and efficiency. BNB Chain’s PBS model addresses common MEV challenges, fostering a competitive, transparent, and fair MEV ecosystem. Builders can maximize profitability with diverse pricing mechanisms and validators can simplify integration and maximize rewards. Users benefit from improved transaction execution and fairness.

The global cryptocurrency market cap now stands at $2.64T, up by 4.27% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $68,420 and $71,997 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $69,448, down by -2.47%. Most major cryptocurrencies by market cap are trading lower. Market outperformers include WING, W, and KNC, up by 11%, 9%, and 7%, respectively. Top stories of the day: Coindesk 20 Index Drops 1.3% With Only BTC and ADA Showing Growth ECB Cuts Interest Rates to Aid Inflation Target Restoration U.S. Bitcoin Spot ETF Records 19 Straight Days of Net Inflows, $132 Million Added Yesterday Russia to Implement Digital Ruble for International Transactions by Late 2025, Says Top Financial Official  Cryptocurrency Bull Market 'Reawakens' Following Interest Rate Cuts By Canadian And European Central Banks DeFi Applications Reach New Monthly High Since February 2022 QCP Capital: Rising Unemployment and Strong Non-Farm Data Fuel Risk Aversion, Present "Buy the Dip" Opportunities June 7 Sees 3,689 BTC Inflows to 9 ETFs, BlackRock and ARK 21Share Lead Market Movements Strong U.S. Non-Farm Payrolls Data in May Diminishes Hopes for Federal Reserve September Rate Cut  New York Attorney General Files Lawsuit Against Cryptocurrency Companies Over $1 Billion Fraud Market movers: ETH: $3693.22 (-3.13%) BNB: $691.7 (-1.47%) SOL: $162.3 (-5.55%) XRP: $0.498 (-4.83%) DOGE: $0.14758 (-8.38%) ADA: $0.4421 (-5.64%) SHIB: $0.00002383 (-5.47%) AVAX: $33.34 (-7.34%) WBTC: $69426.45 (-2.43%) TRX: $0.11359 (-0.64%) Top gainers on Binance: WING/USDT (+11%) W/USDT (+9%) KNC/USDT (+7%)

The global cryptocurrency market cap now stands at $2.64T, up by 4.27% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $70,118 and $71,700 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $71,205, up by 0.30%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include VIB, HIGH, and JASMY, up by 31%, 15%, and 14%, respectively. Top stories of the day: Binance Research: Total Cryptocurrency Market Value Increased by 8.6% in May, While NFT Market Declined Bitcoin Could Reach New Highs Due To US Unemployment Relief Report And CPI, Says QCP Capital Analyst  CFRA's Chief Investment Strategist Expects Fed to Commence Interest Rate Cuts in 2024  10x Research: Bitcoin Poised to Reach New All-Time High, Expected to Rebound to $83,000  Franklin Templeton Contemplates Launching New Crypto Fund Targeting Diverse Tokens ProShares Files to List Ethereum Spot ETF on New York Stock Exchange  Listing of Spot Ethereum ETF Depends on Issuer's Response Time, Says SEC Chairman  Microstrategy Stock Price Doubles Despite Bearish Outlook From Institutions  Saudi Arabia's Central Bank Joins Project mBridge for CBDC Cross-Border Experiment  Telegram CEO Announces Launch Of Telegram Stars Market movers: ETH: $3812.49 (-1.03%) BNB: $702 (-0.31%) SOL: $171.84 (-0.80%) XRP: $0.5232 (-0.17%) DOGE: $0.16109 (-0.70%) ADA: $0.4685 (+2.09%) SHIB: $0.00002522 (-1.68%) AVAX: $35.98 (-1.91%) WBTC: $71158.04 (+0.20%) LINK: $17.527 (+0.79%) Top gainers on Binance: VIB/USDT (+31%) HIGH/USDT (+15%) JASMY/USDT (+14%)

7 June 2024 Macro/TradFi Pro-Bitcoin President of El Salvador, Nayib Bukele has been sworn in for another five-year presidential term after a landslide victory in February.  In the wake of a glitch which caused the listed price of several securities listed on the New York Stock Exchange to drop by up to 99.9%, Chainlink co-founder and CEO Sergey Nazarov commented and reminded the public that legacy financial systems are prone to critical vulnerabilities because of their highly centralized architecture. Crypto L1/L2: Over US$3B worth of Ether has been removed from centralized crypto exchanges since the May 23 approval of spot Ether exchange-traded funds (“ETFs”) in the United States BNB’s market value has surpassed that of Starbucks, reaching US$101.75B. TON has officially announced the opening of registration for the fourth season of its Open League (S4). This season will include competitions in the categories of tokens, applications, NFTs, and DeFi. The deadline for applications is set for June 11th. DeFi: The Uniswap Foundation — the organization which oversees the decentralized exchange Uniswap — has postponed May 31’s highly anticipated vote on UNI staking and delegation rewards.  Safe (formerly Gnosis Safe), an EVM smart account ecosystem, has announced the launch of its native exchange Safe{Wallet} on Arbitrum. The development of which is supported by CowSwap. Stablecoins: Ethena Labs USDe stablecoin, which maintains its peg through arbitrage mechanics and a yield-returning cash-and-carry trade, has reached a supply of US$3B tokens just four months after its public launch in February. Tether’s CEO, Paolo Ardoino, has criticized the upcoming Markets in Crypto-Assets (“MiCA”) regulations, particularly challenging the rule requiring stablecoin issuers to hold reserves in bank deposits. Paxos International announced that it will be issuing an interest-bearing stablecoin called the Lift Dollar (“USDL”). The USDL will be regulated in the Abu Dhabi Global Market (“ADGM”) and will pay overnight yield on the interest Paxos International earns on the reserves backing it. NFT: A collection of Non-Fungible Tokens (“NFTs”) previously owned by the now-bankrupt hedge fund, Three Arrows Capital, is set to be auctioned at Sotheby's on June 18. The collection includes one Golden Ape BAYC, two MAYC, and one BAKC. Magic Eden, a notable NFT trading market, has announced the launch of its mobile wallet iOS version testing. Others: The decentralized AI interaction protocol, Wayfinder Foundation, has announced the launch of its PRIME token functionality for community participation and development. Users can now visit the website to lock their PRIME tokens and start participating in the Wayfinder ecosystem. Robinhood Markets agrees to purchase Bitstamp, a leading cryptocurrency exchange, for $200 million in cash. This acquisition marks Robinhood’s largest deal to date and is part of its strategy to expand its cryptocurrency offerings. The Sandbox, a leading user-generated content (UGC) metaverse platform, announced that it has raised US$20 million of convertible promissory notes with a US$1 billion valuation cap. The strategic funding was led by Kingsway Capital and Animoca Brands with participation by LG Tech Ventures and True Global Ventures.  Latest Binance Research Publications  Check out our latest publications: Monthly Market Insights - June 2024 The Future of Bitcoin #3: Scaling Bitcoin Breakthrough DeFi Markets Explore our Binance Research website for more project and macro research. For more frequent market updates and insights, follow us on Twitter @BinanceResearch. That’s a wrap! Binance Research About Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes. General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.

On Jun 07, 2024, 07:44 AM (UTC). According to Binance Market Data, BNB has dropped below 700 USDT and is now trading at 699.599976 USDT, with a narrowed 0.61% decrease in 24 hours.

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On Jun 06, 2024, 13:25 PM (UTC). According to Binance Market Data, BNB has crossed the 710 USDT benchmark and is now trading at 710.799988 USDT, with 1.69% increase in 24 hours.

Binance Research has released a comprehensive report detailing key trends in the crypto sphere in June 2024. The report highlights the recent resurgence of the crypto market, reflecting an 8.6% increase in total market capitalization last month. Key markers in this rally are attributed to the preliminary approval of spot ETH ETFs by the SEC and the passing of the FIT21 legislation by the U.S. House of Representatives. The study noted positive trends in the DeFi market, with its TVL increasing 21.7% within the month. On the contrary, the NFT market declined, registering a 41% decrease in total sales volume to $0.63 billion. The report highlighted the strong performance of Solana in May, with its price escalating by 33.9% due to a spike in its DeFi TVL, and increased on-chain DEX trading volumes. Ethereum displayed a significant rally, rising 26.8% for the month due to the SEC's approval of spot ETH ETFs. Furthermore, TON showed a 24.2% price increase as its DeFi TVL reached new highs. In contrast to the wider industry dynamics, the NFT market took a hit, declining considerably in May. However, the launch of the trading card game, Fantasy Top, on Blast provided some glimmers of positivity amidst the downturn.

The global cryptocurrency market cap now stands at $2.53T, down by -3.92% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $70,384 and $71,758 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $70,995, up by 0.01%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include FIDA, BURGER, and COMBO, up by 43%, 31%, and 28%, respectively. Top stories of the day: BNB Price Surges Amid U.S. Bond Yield Dip and Ascending Triangle Breakout QCP Capital Analyst: Ethereum Options' Implied Volatility Surpasses Bitcoin, Likely Due to Anticipated Ethereum Spot ETF First 2x Ethereum Futures ETF ETHU Sees Trading Volume Triple on Second Day Ethereum Market Sentiment Hits 14-Month High as Price Oscillates between $3,700 and $3,900 Economists Predict Federal Reserve's First Interest Rate Cut in September UAE Central Bank Approves Stablecoin Regulation and Licensing Rules US ADP Employment Figures Show Smallest Increase Since January US Reclaims Dominance in Cryptocurrency Markets Shift in Perception from US SEC Chairman Regarding Cryptocurrencies - Focus Now on Lack of Disclosure ETH ETF Approval 'Will Take Some Time'," Says US SEC Chairman Market movers: ETH: $3852.01 (+1.34%) BNB: $704.2 (+1.06%) SOL: $173.24 (-0.39%) XRP: $0.524 (-0.83%) DOGE: $0.16221 (-0.69%) ADA: $0.4589 (-0.43%) SHIB: $0.00002565 (-1.87%) AVAX: $36.68 (+0.74%) WBTC: $70994.66 (+0.03%) DOT: $7.204 (-0.07%) Top gainers on Binance: FIDA/USDT (+43%) BURGER/USDT (+31%) COMBO/USDT (+28%)