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Cryptocurrency Exchanges in Korea Surge Amidst Bitcoin RallyAmidst the surging momentum of Bitcoin, local cryptocurrency exchanges are witnessing a notable surge in returns.Upbit, South Korea’s largest cryptocurrency exchange, recorded a transaction volume exceeding 12 trillion won ($8.9 billion) in the last 24 hours, marking the first instance since 2021 that the figure surpassed 10 trillion won. As of Friday, the 24-hour transaction volume reached 9.96 trillion won, comparable to the average daily transaction volume of Kospi, the country’s primary benchmark index, which hovers around 10 trillion won.Taking into account Upbit’s 0.05 percent commission, the exchange is estimated to have generated over 6 billion won in revenue within the past day. The overwhelming demand prompted a server slowdown at K Bank, Upbit’s partnering lender responsible for providing real-name accounts for cryptocurrency transactions. To acquire bitcoin on Upbit, users are required to deposit funds at K Bank and subsequently transfer the amount to the exchange.Meanwhile, Bithumb, another major cryptocurrency exchange in South Korea, reported transactions totaling 3.41 trillion won in the last 24 hours. With a 0.04 percent transaction commission, Bithumb accrued approximately 1.4 billion won in a single day.According to CoinMarketCap, a crypto intelligence platform, Upbit commands roughly 70 percent of the local market share, with Bithumb following at 25 percent, solidifying their positions as the top two players in the South Korean market.Although the price of bitcoin in South Korea reached a record high of 90 million won on Thursday, it experienced a slight dip the following day, trading at 86.61 million won on Upbit and 86.39 million won on Bithumb.The influx of spot bitcoin exchange-traded funds (ETFs) contributing to the notable surge in bitcoin prices has fueled expectations for the introduction of spot ETF products linked to ethereum. Over 10 financial services, including BlackRock and Fidelity Investments, have submitted ethereum ETF applications to the US Securities and Exchange Commission (SEC), with the SEC expected to announce its stance on May 23.Despite South Korea’s keen interest in cryptocurrencies, spot bitcoin ETFs remain inaccessible to Korean investors due to regulatory restrictions. In January, local authorities declared that trading related products for local securities firms could potentially be deemed illegal, shortly after the US SEC authorized the financial product.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.#TrendingTopic #breakingnews

Cryptocurrency Exchanges in Korea Surge Amidst Bitcoin Rally

Amidst the surging momentum of Bitcoin, local cryptocurrency exchanges are witnessing a notable surge in returns.Upbit, South Korea’s largest cryptocurrency exchange, recorded a transaction volume exceeding 12 trillion won ($8.9 billion) in the last 24 hours, marking the first instance since 2021 that the figure surpassed 10 trillion won. As of Friday, the 24-hour transaction volume reached 9.96 trillion won, comparable to the average daily transaction volume of Kospi, the country’s primary benchmark index, which hovers around 10 trillion won.Taking into account Upbit’s 0.05 percent commission, the exchange is estimated to have generated over 6 billion won in revenue within the past day. The overwhelming demand prompted a server slowdown at K Bank, Upbit’s partnering lender responsible for providing real-name accounts for cryptocurrency transactions. To acquire bitcoin on Upbit, users are required to deposit funds at K Bank and subsequently transfer the amount to the exchange.Meanwhile, Bithumb, another major cryptocurrency exchange in South Korea, reported transactions totaling 3.41 trillion won in the last 24 hours. With a 0.04 percent transaction commission, Bithumb accrued approximately 1.4 billion won in a single day.According to CoinMarketCap, a crypto intelligence platform, Upbit commands roughly 70 percent of the local market share, with Bithumb following at 25 percent, solidifying their positions as the top two players in the South Korean market.Although the price of bitcoin in South Korea reached a record high of 90 million won on Thursday, it experienced a slight dip the following day, trading at 86.61 million won on Upbit and 86.39 million won on Bithumb.The influx of spot bitcoin exchange-traded funds (ETFs) contributing to the notable surge in bitcoin prices has fueled expectations for the introduction of spot ETF products linked to ethereum. Over 10 financial services, including BlackRock and Fidelity Investments, have submitted ethereum ETF applications to the US Securities and Exchange Commission (SEC), with the SEC expected to announce its stance on May 23.Despite South Korea’s keen interest in cryptocurrencies, spot bitcoin ETFs remain inaccessible to Korean investors due to regulatory restrictions. In January, local authorities declared that trading related products for local securities firms could potentially be deemed illegal, shortly after the US SEC authorized the financial product.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.#TrendingTopic #breakingnews
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Crypto Fear And Greed Index Turns “Neutral” Following Spot Bitcoin (BTC) ETF Approvals Crypto market sentiment has turned “neutral” for the first time since October 2023. According to the ‘Crypto Fear and Greed Index,” sentiments turned “neutral” following almost three months in the “greed” phase.  The Crypto Fear and Greed Index, an indicator of crypto market sentiment, has entered the “neutral” phase after spending three months in “greed.” The recorded change in market sentiment comes just days after the SEC greenlit 11 spot bitcoin exchange-traded funds in the US.  Investors Are Feeling Neutral After Months Of Greed The Crypto Fear and Greed Index, an indicator of crypto market sentiment, entered the “neutral” phase on Monday after being in “greed” since mid-October 2023. The index, aimed at managing emotional behaviour in the crypto market, is a handy tool to gauge investor sentiment. At the time of reporting, the Index measured 52. On the one end of the index is “extreme fear”, which indicates investors are worried about the market and signals a good buying opportunity. It logically follows that when investors feel greedy, the market is due for a correction. The index shows market sentiment on a meter from 0 to 100. Zero indicated “extreme fear”, while 100 indicates “extreme greed.” The index calculates market sentiment by gathering data from various sources, including volatility (25%), market momentum or volume (25%), social media (15%), dominance (10%), and trends (10%). The index also includes surveys as a data source but has suspended this data source for the time being. Investors have been greedy over the past three months in anticipation of regulatory shifts and the long-awaited spot BTC ETF approval. According to the index’s historical values, the index indicated a 67 – a rather greedy score. Approaching the deadline for the SEC’s approval of the first spot BTC ETF in the US, investors turned even more greedy last week, with the index recording 71 #cryptomarket #breakingnews #cryptodaily
Crypto Fear And Greed Index Turns “Neutral” Following Spot Bitcoin (BTC) ETF Approvals

Crypto market sentiment has turned “neutral” for the first time since October 2023. According to the ‘Crypto Fear and Greed Index,” sentiments turned “neutral” following almost three months in the “greed” phase. 

The Crypto Fear and Greed Index, an indicator of crypto market sentiment, has entered the “neutral” phase after spending three months in “greed.” The recorded change in market sentiment comes just days after the SEC greenlit 11 spot bitcoin exchange-traded funds in the US. 

Investors Are Feeling Neutral After Months Of Greed

The Crypto Fear and Greed Index, an indicator of crypto market sentiment, entered the “neutral” phase on Monday after being in “greed” since mid-October 2023. The index, aimed at managing emotional behaviour in the crypto market, is a handy tool to gauge investor sentiment. At the time of reporting, the Index measured 52.

On the one end of the index is “extreme fear”, which indicates investors are worried about the market and signals a good buying opportunity. It logically follows that when investors feel greedy, the market is due for a correction. The index shows market sentiment on a meter from 0 to 100. Zero indicated “extreme fear”, while 100 indicates “extreme greed.”

The index calculates market sentiment by gathering data from various sources, including volatility (25%), market momentum or volume (25%), social media (15%), dominance (10%), and trends (10%). The index also includes surveys as a data source but has suspended this data source for the time being.

Investors have been greedy over the past three months in anticipation of regulatory shifts and the long-awaited spot BTC ETF approval. According to the index’s historical values, the index indicated a 67 – a rather greedy score. Approaching the deadline for the SEC’s approval of the first spot BTC ETF in the US, investors turned even more greedy last week, with the index recording 71

#cryptomarket #breakingnews #cryptodaily
BITCOIN BOUNCE INCOMING, BUT ETHEREUM BETTER After making a weekly close that poses the question of whether bitcoin has now made its top for now, a bounce is probably still on the cards. That being said, ethereum does look a better bet Zooming in a bit closer, it can be seen just how important this level is, as it also coincides with a downward trend line. The price has already come up against these barriers and is trying to break through. If $ETH does get through here, and is allowed to consolidate, expect some decent gains against its $BTC pair. #Ethereum #spotlight #breakingnews #cryptodaily #bitcoin
BITCOIN BOUNCE INCOMING, BUT ETHEREUM BETTER

After making a weekly close that poses the question of whether bitcoin has now made its top for now, a bounce is probably still on the cards. That being said, ethereum does look a better bet

Zooming in a bit closer, it can be seen just how important this level is, as it also coincides with a downward trend line. The price has already come up against these barriers and is trying to break through. If $ETH does get through here, and is allowed to consolidate, expect some decent gains against its $BTC pair.

#Ethereum #spotlight #breakingnews #cryptodaily #bitcoin
🌋TOP HEADLINES 🤳 Hello, here is the most important news for this morning: 💸 BTC is trading without any changes as the US core PCE inflation remains stable, as expected. ‼️ US President Joe Biden vetoed a resolution that would have overturned SEC Accounting Bulletin No. 121. This controversial decision immediately drew criticism from the crypto industry. 💸 According to ETF analyst Eric Balchunas, Franklin Templeton has started a "fee war" for the Ethereum ETF by being the first to announce their fees (0.19%) in an amended S-1 filing. 📄 VanEck and Invesco Galaxy also submitted amended S-1 forms to the SEC for their spot ETH ETFs, but did not disclose their fees. 👮 According to CNBC, Binance founder Changpeng Zhao CZ has begun serving his sentence in a high-security federal prison in Lompoc, California. #bitcoin #breakingnews
🌋TOP HEADLINES 🤳

Hello, here is the most important news for this morning:

💸 BTC is trading without any changes as the US core PCE inflation remains stable, as expected.

‼️ US President Joe Biden vetoed a resolution that would have overturned SEC Accounting Bulletin No. 121. This controversial decision immediately drew criticism from the crypto industry.

💸 According to ETF analyst Eric Balchunas, Franklin Templeton has started a "fee war" for the Ethereum ETF by being the first to announce their fees (0.19%) in an amended S-1 filing.

📄 VanEck and Invesco Galaxy also submitted amended S-1 forms to the SEC for their spot ETH ETFs, but did not disclose their fees.

👮 According to CNBC, Binance founder Changpeng Zhao CZ has begun serving his sentence in a high-security federal prison in Lompoc, California.

#bitcoin
#breakingnews
SHIB Official Warns SHIB Army About Crucial Bug in Shibariumscan #breakingnews #cryptonews The official social media expert of the #Shiba Inu team, @LucieSHIB, has taken to the X social media platform to warn the Shiba Inu community of a bug that has hit the Shibariumscan explorer as it may have started showing ETH instead of BONE. “Bug introduced by the recent update” Lucie addressed the SHIB army, saying that they may begin to see “ETH” instead of “BONE” in their notifications after making a transaction, when using the Shibariumscan blockscout. Lucie stressed that Shibariumscan was not built by the SHIB team spearheaded by Shytoshi Kusama but it is a third-party platform they use. The bug with ETH-BONE “may be specific to their platform”, Lucie wrote in her X post. She also emphasized that this bug will have no impact on the functionality of Shibarium Layer-2 solution for Shiba Inu. Dear #Shibariumscan users, If you happen to see "Eth" instead of "Bone" in your notifications, please note that this is likely a bug introduced by the recent update in blockscout. It is important to understand that Shibariumscan is a third-party service that we utilize, and this… pic.twitter.com/SkxnU5lGcx — 𝐋𝐔𝐂𝐈𝐄 | ✨Shibarium✨ (@LucieSHIB) October 25, 2023 Lucie assured the community that this bug has been reported and that BONE remains the fuel of Shibarium. #crypto2023 $SHIB
SHIB Official Warns SHIB Army About Crucial Bug in Shibariumscan
#breakingnews #cryptonews

The official social media expert of the #Shiba Inu team, @LucieSHIB, has taken to the X social media platform to warn the Shiba Inu community of a bug that has hit the Shibariumscan explorer as it may have started showing ETH instead of BONE.

“Bug introduced by the recent update”

Lucie addressed the SHIB army, saying that they may begin to see “ETH” instead of “BONE” in their notifications after making a transaction, when using the Shibariumscan blockscout. Lucie stressed that Shibariumscan was not built by the SHIB team spearheaded by Shytoshi Kusama but it is a third-party platform they use.

The bug with ETH-BONE “may be specific to their platform”, Lucie wrote in her X post. She also emphasized that this bug will have no impact on the functionality of Shibarium Layer-2 solution for Shiba Inu.

Dear #Shibariumscan users,

If you happen to see "Eth" instead of "Bone" in your notifications, please note that this is likely a bug introduced by the recent update in blockscout. It is important to understand that Shibariumscan is a third-party service that we utilize, and this… pic.twitter.com/SkxnU5lGcx

— 𝐋𝐔𝐂𝐈𝐄 | ✨Shibarium✨ (@LucieSHIB) October 25, 2023

Lucie assured the community that this bug has been reported and that BONE remains the fuel of Shibarium.
#crypto2023 $SHIB
🚨 BREAKING NEWS🚨 Will Bitcoin Crash After the Halving? JPMorgan Says Buckle Up, Not Moon JPMorgan, a major investment bank, is throwing cold water on the idea of a post-halving Bitcoin price surge. In a recent note to investors, they predict a potential dip to $42,000 after the April halving event, instead of the anticipated euphoria and price increase. Here's their thought process: Double-Edged Sword: While the halving, which cuts the number of new Bitcoins mined in half, typically leads to price increases due to decreased supply, JPMorgan argues that the increased production cost (estimated to double from $26,500 to $53,000) could negate this effect. Miner Exodus: Additionally, they anticipate an exodus of less efficient miners due to the rising difficulty of mining Bitcoin. This decrease in mining competition could actually lower production costs to around $42,000, as long as the decrease in hash rate (computing power) is around 20%. JPMorgan's reasoning is based on two key assumptions: Average electricity cost for miners: 5 cents per kilowatt hour (can vary significantly based on location and scale). Less efficient miners leaving: This would decrease the mining difficulty and potentially lower production costs. It's important to note that this prediction is just one perspective among many in the ever-unpredictable world of cryptocurrencies. Additionally, JPMorgan previously stated that the market has already "priced in" the halving and the upcoming Ethereum upgrade. A recent survey conducted by the bank also revealed that 78% of institutional traders have no plans to trade crypto. So, will Bitcoin price actually fall after the halving? While JPMorgan's analysis provides a thought-provoking counterpoint to the usual bullish narrative, only time will tell. But here's the question for you: Do you think JPMorgan's prediction has merit, or will we see a different outcome after the halving? Share your thoughts in the comments below! #TrendingTopic #write2earn #BTC #bearishmomentum #breakingnews
🚨 BREAKING NEWS🚨

Will Bitcoin Crash After the Halving? JPMorgan Says Buckle Up, Not Moon

JPMorgan, a major investment bank, is throwing cold water on the idea of a post-halving Bitcoin price surge. In a recent note to investors, they predict a potential dip to $42,000 after the April halving event, instead of the anticipated euphoria and price increase.

Here's their thought process:

Double-Edged Sword: While the halving, which cuts the number of new Bitcoins mined in half, typically leads to price increases due to decreased supply, JPMorgan argues that the increased production cost (estimated to double from $26,500 to $53,000) could negate this effect.

Miner Exodus: Additionally, they anticipate an exodus of less efficient miners due to the rising difficulty of mining Bitcoin. This decrease in mining competition could actually lower production costs to around $42,000, as long as the decrease in hash rate (computing power) is around 20%.

JPMorgan's reasoning is based on two key assumptions:

Average electricity cost for miners: 5 cents per kilowatt hour (can vary significantly based on location and scale).
Less efficient miners leaving: This would decrease the mining difficulty and potentially lower production costs.
It's important to note that this prediction is just one perspective among many in the ever-unpredictable world of cryptocurrencies. Additionally, JPMorgan previously stated that the market has already "priced in" the halving and the upcoming Ethereum upgrade. A recent survey conducted by the bank also revealed that 78% of institutional traders have no plans to trade crypto.

So, will Bitcoin price actually fall after the halving? While JPMorgan's analysis provides a thought-provoking counterpoint to the usual bullish narrative, only time will tell.

But here's the question for you:

Do you think JPMorgan's prediction has merit, or will we see a different outcome after the halving? Share your thoughts in the comments below!
#TrendingTopic #write2earn #BTC #bearishmomentum #breakingnews
Jupiter Tetapkan Tanggal Untuk JUP Airdrop, Menggoda Debut Token Meme Jupiter Finally Announces Airdrop Dates DeFi activity has seen a considerable surge on the Solana blockchain since early December. Primary contributors to this surge have been meme coins, the Jito airdrop, and SOL’s surging price. Now, Solana-based DeFi-aggregator Jupiter has officially announced a launch date and time for its JUP token airdrop. The airdrop will deliver one billion JUP tokens into the wallets of Solana DeFi users and will commence on the 31st of January 2024 at 10:00 AM EST, according to an announcement made by the DeFi aggregator’s pseudo-anonymous founder, Meow.  “WEN: 31st of Jupuary 10 AM EST On the 1st of Jupuary, we outlined the main areas of work as we aim to get to launch. We have been right on schedule executing on all these, and we are happy to share that JUP will launch on 31st of Jupuary, 10 AM EST.” According to an announcement by Jupiter, nearly a million crypto wallets are eligible to receive funds through the JUP airdrop. Last month, the DeFi platform released a tool allowing DeFi users to check how much JUP they are eligible to receive once the airdrop is live.  #breakingnews #spotlight #Altcoins #solona
Jupiter Tetapkan Tanggal Untuk JUP Airdrop, Menggoda Debut Token Meme

Jupiter Finally Announces Airdrop Dates

DeFi activity has seen a considerable surge on the Solana blockchain since early December. Primary contributors to this surge have been meme coins, the Jito airdrop, and SOL’s surging price. Now, Solana-based DeFi-aggregator Jupiter has officially announced a launch date and time for its JUP token airdrop. The airdrop will deliver one billion JUP tokens into the wallets of Solana DeFi users and will commence on the 31st of January 2024 at 10:00 AM EST, according to an announcement made by the DeFi aggregator’s pseudo-anonymous founder, Meow. 

“WEN: 31st of Jupuary 10 AM EST On the 1st of Jupuary, we outlined the main areas of work as we aim to get to launch. We have been right on schedule executing on all these, and we are happy to share that JUP will launch on 31st of Jupuary, 10 AM EST.”

According to an announcement by Jupiter, nearly a million crypto wallets are eligible to receive funds through the JUP airdrop. Last month, the DeFi platform released a tool allowing DeFi users to check how much JUP they are eligible to receive once the airdrop is live. 

#breakingnews #spotlight #Altcoins #solona
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