According to Odaily, Arthur Cheong, the founder and CEO of DeFiance Capital, has made a prediction about the future value of Ethereum. He expressed his views on social media, stating that Ethereum (ETH) is expected to reach a value of $4500 before the commencement of spot ETF trading.

Cheong's prediction has sparked discussions among cryptocurrency enthusiasts and investors. The potential increase in Ethereum's value is seen as a significant development in the cryptocurrency market. However, it's important to note that these predictions are speculative and the actual market performance may vary.

The introduction of Ethereum spot ETF trading is anticipated to have a significant impact on the cryptocurrency's value. This development could potentially increase the accessibility and liquidity of Ethereum, thereby influencing its price. However, the exact impact of this development on Ethereum's price remains to be seen.

A large amount of funds were stolen from the OKX exchange! Affected by this incident, user funds have flowed out by 630 million US dollars, which exceeds the total outflow from other exchanges.
The reason for the theft was that the thieves stole the OKX user information, used AI to change the face of the user, and deceived the OKX customer service to review and reset the stolen user's account password and other information! In the end, all the assets of more than 3 million US dollars in this user's account were robbed! This is simply outrageous!

The victim's OKX account had $3 million stolen

However, at present, the responses given by the Ouyi platform and its customer service to the victims are only perfunctory, and they even make irresponsible remarks such as saying that the platform is also a victim!

This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
To celebrate Eid al-Adha, Binance is thrilled to present a challenge for all MENASA users. Complete missions during the Activity Period to stand a chance to share 30,000 FDUSD in token vouchers and be the lucky winner of a one BTC token voucher reward!
Activity Period: 2024-06-16 06:00 (UTC) to 2024-06-23 05:59 (UTC)
How to Get Started
Step 1: Visit the challenge landing page.
Step 2: Click the “Do it” button next to a mission.
Step 3: Complete mission(s) during the Activity Period to receive a corresponding number of challenge attempts. Other ways of completing a mission shall be deemed invalid.
Step 4: To use a challenge attempt, click “GO'' on the challenge landing page. The cursor will automatically rotate before settling on the final square, presenting the result of the attempt. For the Challenge Rewards Pool, each win is capped at 5 FDUSD Token Voucher.
How to Get Challenge Attempts
Complete the tasks below to unlock challenge attempts.
Trade a total of at least 100 USDT equivalent (buys and/or sells) on any spot pairs to unlock one challenge attempt.Trade a total of at least 100 USDT equivalent (buys and/or sells) on any margin pairs to unlock one challenge attempt.Trade a total of at least 100 USDT equivalent (buys and/or sells) on any futures pairs to unlock one challenge attempt.Purchase a total of at least 50 USDT worth of crypto on Binance P2P to unlock one challenge attempt.Refer one friend to sign up for a Binance account and complete KYC to unlock one challenge attempt.
List of Rewards
0.5 FDUSD token voucher1 FDUSD token voucher5 FDUSD token voucher10 FDUSD token voucher50 FDUSD token voucher100 FDUSD token voucher1 BTC token voucherThe Challenge Rewards Pool consists of 10,000 FDUSD in token vouchers. The more times a user wins the Challenge Pool reward, the bigger share the user will receive from the total rewards pool. Each win is capped at 5 FDUSD in token voucher. The rewards pool will be distributed within 14 days after the Activity ends.
Notes:
Each trading mission can only be completed by each participant once every 24 hours. If a user has completed the selected mission and earned its corresponding challenge attempt, the user must wait for 24 hours before re-attempting the same mission to earn another corresponding challenge attempt.The Challenge Pool reward will be distributed to all eligible winning users based on the number of times they won the reward in proportion to the total number of times all eligible users have won the reward.The countdown to re-attempting a trading mission begins from the time the corresponding mission is completed. For example, if a selected trading mission is completed at 2024-06-16 20:00 (UTC), the user may attempt the same trading mission again after 2024-06-17 20:00 (UTC) to get a corresponding challenge attempt. Users can click “Do it” to re-attempt the same trading mission after 24 hours have lapsed.
Terms & Conditions
This Activity is only available to MENASA users that can access the Activity landing page. Users must confirm their participation by clicking "Register Now" on the Activity landing page during the Activity Period to be eligible for any rewards.To participate in the challenge, users must click the “Do it” button next to the corresponding mission first. After that, users are eligible to complete the mission anytime during the Activity Period to get challenge attempts. Other ways of completing a mission shall be deemed invalid.Reward Distribution:Token voucher rewards from successful challenge attempts will be distributed to users when they win the challenge. Token voucher rewards from the Challenge Pool will be distributed within 14 days after the Activity ends.Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub.The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a voucher.Sub-account’s trading volume will not be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this Activity.Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.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.
Thank you for your support!
Binance Team
2024-06-16