The decline in NFT trading—are we entering a bear market for digital art? #NFT #Crypto
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Binance News
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Bitcoin ETF Sees Low Trading Volume Amid Market Uncertainty
According to BlockBeats, on August 20, the daily net inflow of the U.S. spot Bitcoin ETF was $61.98 million, while the daily total trading volume was $779.87 million. This marks the lowest level since February 6 and the third-lowest overall daily trading volume.SOFA.org director Augustine Fan commented that the low trading volume was expected due to the market's subdued sentiment following a significant sell-off a few weeks ago. Fan noted that the summer holidays and recent data have reduced concerns about an impending economic recession. Investors are now waiting for more signals from the Federal Reserve meeting later this week.
Thank you, Binance, for the proactive communication and seamless handling of the Injective (INJ) network upgrade and hard fork. It's reassuring to know that trading won't be interrupted and that you’re taking care of all technical aspects for us. Your commitment to maintaining a smooth user experience is greatly appreciated!
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Binance Announcement
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Binance Will Support the Injective (INJ) Network Upgrade & Hard Fork
Fellow Binancians, Starting at approximately 2024-08-20 14:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Injective (INJ) network to support its network upgrade and hard fork to ensure the best user experience. The network upgrade and hard fork will take place at the block height of 82,830,000, or approximately at 2024-08-20 15:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2024-08-20
📊 Crypto is on a roll! The market is experiencing a significant uptrend, with increased trading volumes and institutional interest driving prices higher. This bullish momentum might just be the beginning. 🌟 #Bullish #CryptoNewsCommunity #BinanceTrendingTokens
Big things are coming! 🐶 The $DOGS token is set to launch by the end of August. Hold onto it tight—major exchange listings are on the way! 🌟 #CryptoLaunch #DOGS #fyp
🐾 Get ready, Dog lovers! The $DOGS token is gearing up for a massive launch at the end of August. Hold tight—it’s set to be listed on major exchanges! 🚀 #Crypto #DogsToken #Dogs
Predict the price of BTC at 20th April 00:00 (UTC+0) to win up to $10000 of SATS token rewards!
To mark this milestone of Bitcoin Halving, all verified users can complete specific tasks on Binance Square during the Activity Period, and qualify for up to $10,000 of SATS token voucher reward. Activity Period: 2024-03-04 09:00 (UTC) to 2024-04-14 09:00 (UTC)All KYC-verified Binance users who log into their Binance accounts and complete the following tasks during the Activity Period will qualify for the $10,000 of SATS reward. Tasks: Comment your prediction for the price of BTC on 20th April 00:00 (UTC+0) on this post. Share this post on your social media and #HalvingHorizonsThe user with the closest prediction will win $5000. If more than one user shares the same prediction, you’ll share the price pool. AndIf you correctly guessed the price and signed up for a Binance account during the activity period through the shared link of this post or the Binance Square referral link, you can unlock a share of extra $2000 price poolAndIf you correctly guessed the price and completed at least 10 trades during the activity period, you will unlock a share of the extra $3000 price poolEach user can only submit 1 entry. Terms & ConditionsThis activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order to qualify.The $10,000 of SATS token voucher rewards pool will be divided equally among all qualified users.Winners will be notified via a push notification under Creator Center > Square Assistant. Voucher rewards will be distributed within 21 working days after the activity ends. Users may check their voucher rewards via Profile > Rewards Hub. The validity period for the voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
OpenAi's new project Sora , could be linked to the recent bullish trends of #WLD hitting a new high for the first time in over 5 months . Sora which is openAI's new Cool project which aims to make it easier for producers and those in the film industry much more easier to create Thrilling scenes in movies and series
Cryptocurrency Liquidations Reach $81.2 Million in 24 Hours
According to Foresight News, data from Coinglass reveals that approximately $81.2 million worth of cryptocurrency liquidations occurred across the network in the past 24 hours. Out of this amount, $56.84 million were long positions liquidations.
Consensys Launches Phosphor Beta, an NFT Toolkit for Creators
According to Foresight News, Consensys has announced the launch of the Phosphor beta, a non-fungible token (NFT) toolkit designed for creators. The platform allows users to create NFTs without the need for coding and supports credit card payments. Registration is now open for interested users.
The Phosphor toolkit aims to simplify the process of creating and selling NFTs for artists and other content creators. By eliminating the need for coding knowledge, the platform makes it more accessible for a wider range of users. Additionally, the support for credit card payments makes it easier for buyers to purchase NFTs, potentially increasing the market for these digital assets.
As the NFT market continues to grow, tools like Phosphor can help creators capitalize on the trend and reach a broader audience. With the beta version now available, users can register and start exploring the platform's features.
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