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Here is some of the latest Binance Coin (BNB) news for today, October 17, 2023:

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FTX Estate Stakes 5.5 Million SOL; Millions Locked Until 2028 Blockchain records have shed light on a development involving the trustees of the now-defunct exchange FTX, who are overseeing its bankruptcy proceedings. They have committed 5.5 million solana (SOL) for staking. Meanwhile, the current market value of FTX’s total solana assets is a hefty $1.16 billion. However, it’s worth highlighting that a significant portion of these assets will be held in a lock-up period, not to be fully released until 2028. Blockchain Unmasks Massive SOL Stake by FTX Trustees Amid Bankruptcy Proceedings Whale Alert, on October 13, reported a transfer of 5.5 million SOL. Following this revelation, onchain researcher Ashpool identified that the sizable amount of SOL belonged to the FTX estate. Ashpool further mentioned that the funds were directed towards the validator Figment for the purpose of staking. The outcome of SOL staking can vary. Some sources assert that SOL staking has traditionally offered around 5.5% APY. Yet, others suggest that SOL staking can yield as much as 14.47% APY, contingent on the staking platform chosen. Rewards for staking in Solana are distributed approximately every 2-3 days, albeit the precise frequency of rewards can fluctuate based on network conditions and other variables. FTX’s estate holds roughly $1.16 billion in SOL, but not all of it is immediately accessible. 12 million of FTX’s SOL cache is scheduled to be released in increments every 30 days until 2027. An additional 34.52 million SOL is set to be gradually unlocked every month until 2028. Both of these caches are disbursing monthly SOL that FTX can either sell or stake. However, FTX has the option to sell the keys to the entire vested cache before its official release. #Solana #ETH #uniswap #DeFiChallenge #usdr

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PEPE ANALYSIS: The heightened selling pressure in the altcoin market has had a pronounced effect on Pepe coin, driving its price down significantly in a V-Top reversal pattern. The coin tumbled from a resistance level of $0.00000083 to its current trading price of $0.0000006, recording a steep loss of 21.8% in just a fortnight. If the bearish momentum sustains, the last swing low support at $0.0000006 will be tested, putting the memecoin at risk of an extended downtrend. Can Pepe Price Sustain Above $0.0000006? The overhead supply pressure at the resistance trendline will set the PEPE price for a prolonged downfall. A breakout above the channel pattern is needed to start sustained recovery. The 24-hour trading volume in the Pepe coin is $39 Million, indicating a 15% gain. The Pepe coin price has been consistently meeting resistance from the upper trend line of its channel pattern, indicative of an established downward trend. Currently, the market sentiment seems to be “sell on the bullish bounce,” making upward movements difficult for the coin. However, today’s intraday gain of 8.4% indicates that buyers may attempt to challenge this overhead trend line once more. Should overhead supply pressure persist, this memecoin could break below its last swing low support of $0.0000006, intensifying the selling pressures. A breakdown below this level would likely accelerate the coin’s decline to psychological support at $0.0000005, followed potentially by $0.0000004. This bearish scenario could continue as long as the channel pattern holds. #ETH #uniswap #etf #LOOM #ftx

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"THE INCREDIBLE JOURNEY OF BINANCE (BNB)COIN FROM ICO TRIUMPH TO BLOCKCHAIN INNOVATION" The journey of Binance Coin (BNB) is closely tied to the development and success of the Binance platform. BNB was initially launched as an ERC-20 token on the Ethereum blockchain during Binance's initial coin offering (ICO) in July 2017. Its primary purpose was to be used within the Binance ecosystem to pay for trading fees at a discounted rate. In April 2019, Binance Chain, Binance's native blockchain, was launched, and BNB transitioned from being an ERC-20 token to the main cryptocurrency on Binance Chain. BNB's utility expanded, allowing it to be used for various applications, including participating in token sales on Binance Launchpad, paying for transaction fees on Binance DEX, and more. The price of BNB has experienced significant fluctuations over the years, influenced by market demand, regulatory developments, and Binance's continuous efforts to enhance its ecosystem. BNB's value also surged in 2021 due to the growing popularity of decentralized finance (DeFi) and non-fungible tokens (NFTs), both of which utilized Binance Smart Chain (BSC), a parallel blockchain to Binance Chain. Please note that cryptocurrency investments carry risks, and it's essential to do thorough research and consider your risk tolerance before investing in any digital asset. #BNB #BTC #ETH #uniswap #etf

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How the U.S. government has amassed its Bitcoin fortune The massive hoard of bitcoin under the U.S. government's control stems from several high-profile operations and crackdowns on cybercriminal activities and darknet platforms. A notable example was the intervention in the Bitfinex cyber attack, which took nearly six years to complete and resulted in the Justice Department securing a significant amount of Bitcoin. Similarly, the notorious shutdown of the online drug marketplace Silk Road in 2013 allowed the government to seize a hefty volume of bitcoins. #uniswap #bnbburn #ETH #BTC #ftx

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Survey: XRP Overtakes ETH as South Korea's Second-Most Popular Cryptocurrency Asset

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Bitcoin Addresses in Loss Account for Less Than 1% of Holders

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