Spot Bitcoin ETF approval in the US
In Oct 2021, the US Securities and Exchange Commission (SEC) granted approval for the nation’s first BTC-based exchange-traded fund. The financial watchdog has yet to approve a spot ETF for Bitcoin in the United States, but I expect this to change soon.

On Nov 30, SEC officials met with the representatives of Grayscale, a prominent crypto asset manager seeking to convert its existing Grayscale Bitcoin Trust into an exchange-traded fund. The company won a critical court battle against the agency in August, legally forcing the latter to review its BTC ETF application.

A day earlier, there was also a formal meeting between the financial watchdog, BlackRock, and Nasdaq. The asset manager filed for a spot Bitcoin ETF at the SEC in June and a spot Ethereum ETF in November. Besides the above developments, Bloomberg Intelligence ETF analyst James Seyffart said he believes that the probability of SEC Bitcoin ETF approval early next year is around 90%. Analysts believe the approval will happen somewhere between January 8 and 10.

The market is currently optimistic, and a Bitcoin spot ETF in the US will play an essential role in onboarding institutions seeking to achieve diversified asset allocation via BTC investments.
$BTC

BNB: The Backbone of the Binance Ecosystem
BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, initially launched in 2017 as an ERC-20 token on the Ethereum blockchain. However, it later migrated to Binance Chain and now operates on Binance Smart Chain (BSC), a high-performance blockchain tailored for decentralized applications (DApps) and smart contracts.
BNB plays a crucial role within Binance, the world’s largest cryptocurrency exchange. It offers users several advantages, including discounted trading fees when used to pay for transactions on the platform. BNB can also be utilized in Binance’s Launchpad for participating in token sales of new blockchain projects, providing early access to potential investment opportunities.
Beyond Binance, BNB is widely accepted across the broader crypto ecosystem, functioning as a utility token in various applications such as payment processing, booking travel, and purchasing virtual goods. BNB’s versatility has made it one of the top cryptocurrencies by market capitalization.
A key feature is Binance's quarterly BNB burn, where a portion of BNB supply is permanently removed from circulation, reducing the total supply and potentially increasing its scarcity and value over time. This deflationary model has contributed to BNB’s long-term growth and appeal.
$BNB

As the cryptocurrency world continues to evolve, platforms like Binance constantly introduce new features to enhance user experience and investment opportunities. One of the recent additions to Binance’s vast ecosystem is the *FDUSD* Earn program. This article explores what FDUSD Earn is, how it works, and why it might be an attractive option for both novice and seasoned investors.

What is FDUSD Earn?

FDUSD Earn is part of Binance’s suite of “Earn” products, which allow users to grow their cryptocurrency holdings by earning passive income. FDUSD stands for **First Digital USD**, a stablecoin pegged 1:1 to the US dollar. With FDUSD, Binance offers users the opportunity to earn competitive yields on their holdings while minimizing the volatility often associated with other cryptocurrencies.

The FDUSD Earn program allows users to deposit their FDUSD into flexible or locked savings accounts, where they can accumulate interest over time. This is a low-risk way to enhance your stablecoin holdings without the need for constant trading or market monitoring.

How Does Binance FDUSD Earn Work?

The concept behind Binance FDUSD Earn is simple:

1. Deposit FDUSD: Users first need to hold FDUSD in their Binance account. If you don’t already own FDUSD, you can easily acquire it by converting from other cryptocurrencies or purchasing it directly with fiat currency.

2. Choose a Savings Option: Binance offers two main savings options:
- Flexible Savings: This option allows users to deposit and withdraw their FDUSD at any time. Interest is paid daily, making it a great choice for those who want liquidity and easy access to their funds.
- Locked Savings: For users who don’t need immediate access to their FDUSD, locked savings offer higher interest rates in exchange for committing funds for a specific period. Users can lock their FDUSD for periods ranging from 7 days to 90 days or more, depending on the program's availability.

3. Earn Interest: Once your FDUSD is deposited, interest starts to accrue based on the type of savings plan you chose. The longer the lock-up period or the larger the deposit, the higher the potential returns.

4. Withdraw or Reinvest: Users can choose to withdraw their earnings at any time (for flexible savings) or once the lock-up period ends (for locked savings). You can also reinvest your earnings to continue growing your holdings.

Why Consider FDUSD Earn?

FDUSD Earn provides a unique opportunity for users who want to grow their assets without taking on excessive risk. Here are a few reasons why it might be an attractive option:

- Stable Returns: Since FDUSD is a stablecoin pegged to the US dollar, the value of your deposit remains steady. This means your interest is not affected by the volatility common in other crypto investments.

- Flexible Options: Binance offers both flexible and locked savings options, allowing you to tailor your investment strategy based on your liquidity needs and risk tolerance.

- Low-Risk Income: Compared to staking volatile assets or trading, FDUSD Earn provides a relatively low-risk way to earn passive income in the crypto space.

- Competitive Interest Rates: Binance’s FDUSD Earn offers rates that can be more attractive than traditional savings accounts, particularly for users looking to diversify their investments with crypto.

How to Get Started

Getting started with FDUSD Earn is simple. Follow these steps:

1. Sign Up on Binance: If you’re not already a Binance user, register for an account. Complete any required verification steps to access the platform's full features.

2. Deposit or Buy FDUSD: You can deposit FDUSD directly into your Binance wallet or buy FDUSD using other cryptocurrencies or fiat.

3. Navigate to Binance Earn: Head over to the “Earn” section on the Binance platform, select FDUSD, and choose between the flexible or locked savings options.

4. Start Earning: Deposit your FDUSD, and you’ll start earning interest immediately based on your chosen plan.

Final Thoughts

As the cryptocurrency market grows, platforms like Binance are offering more ways for users to earn passive income while minimizing risk. FDUSD Earn is a great option for those who prefer stability and consistent returns over the volatility of traditional crypto investments. Whether you’re looking to park your stablecoins or grow your portfolio, Binance’s FDUSD Earn provides a flexible and accessible solution.
$FDUSD
Disclaimer: Cryptocurrency investments carry risks, and it’s important to do your own research before making any financial decisions. Always consult a financial advisor if you’re unsure about investing in cryptocurrencies.

Here’s a step-by-step guide to completing the
KYC-process on Binance:

1. Log in to Your Binance Account
- Open the Binance app or website.
- **Log in** to your account using your credentials (email/phone and password).

2. Access Identity Verification
- On the **Home** screen, go to **Profile** (top left corner in the app or top right on the website).
- Select **Identification** under the **Account** or **User Center** menu.

3. Start Verification
- Click on **Verify** under **Personal Verification**.
- You will be asked to fill out your personal details, such as:
- **Full Name**
- **Date of Birth**
- **Country of Residence**
- **Address**

4. Upload Documents
- For the **Basic Verification**, you will need to upload the following documents:
- Government-issued ID (passport, national ID card, or driver's license).
- Depending on your country, specific documents may vary.

- For **Advanced Verification**, Binance may ask for additional documents such as a **proof of address** (utility bill or bank statement).

5. Take a Selfie or Liveness Verification
- After submitting the documents, Binance may ask you to perform a **face verification** using your phone or webcam.
- Ensure your face is well-lit and visible, with no accessories (glasses, hats) that could obscure your identity.

6. Submit and Wait for Review
- After uploading all the required documents and completing the facial verification, submit your application.
- Binance will review the information and notify you via email about the status of your KYC submission.

7. Verification Status
- You can check the status of your verification in the **Identification** section.
- **Pending**: Binance is reviewing your submission.
- **Verified**: Your identity verification is complete, and you can access all features.
- **Rejected**: If your documents were not accepted, you may be asked to re-submit.

Tips for Successful KYC:
- Make sure the information on your documents matches your Binance account details.
- Ensure that all documents are clear and readable.
- Do not submit expired or invalid identification.

Why Complete KYC?
- **Increased withdrawal limits**.
- **Access to fiat services** (deposit/withdrawal of currencies like USD, EUR).
- **Enhanced account security**.

Once verified, you’ll have full access to Binance’s features, including trading, withdrawals, and fiat services.