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While we all recognise challenges being faces by #CEX 's - #binance continues to evolve, regulate, engage, educate & interact and lead from the front with transparency paralleled by no other #exchange  in these areas. We remain in support of #Binance  and #CZ 
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SOL Consolidates in Symmetrical Triangle; Analyst Sets $160 Breakout Target After last week's market spike, Solana (SOL) is at a crucial point. From its local lows, the token has risen over 20%, testing a critical supply level around $150. Many experts and investors believe Solana is about to bounce from this resistance zone. Famous analyst Carl Runefelt recently provided a comprehensive study indicating that Solana might hit new highs within days if the present trend continues. The market is strengthening, so investors are impatient for Solana's next move. A breakthrough over $150 might establish an upswing and lead to a surge. As SOL approaches this important level, the market will monitor to see whether it can retake higher territory or encounter further resistance. Solana (SOL) is testing key supply levels that might lead to a price surge. The cryptocurrency is set to break out and confirm a daily advance after days of consolidation. Many experts and investors await the next move. This possible change comes as the whole crypto market has moved from fear to hope after the Federal Reserve lowered interest rates, revitalizing the industry. Crypto expert Carl Runefelt revealed that Solana has established a symmetrical pattern in his technical examination of X. If SOL breaks out of this pattern, Runefelt expects a significant uptrend to $160. The symmetrical triangle, a major technical pattern, usually precedes a big price rise following consolidation. The market anxiously anticipates a breakthrough as Solana approaches this important level. Investors predict a rise over $150 to cement the rally and boost prices in the coming weeks. All eyes are on Solana's capacity to overcome this barrier and rise. SOL Technical Analysis: Watch Prices SOL is trading at $150 after probing the daily 200 MA at $154 as resistance. SOL is consolidating after this technical milestone held the price in check. Investors are hopeful, and growing demand may break current trend. #FTXSolanaRedemption #SOL #Solana $SOL

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Bitcoin Analyst: $73,800 BTC Sale Will Be “Disastrous” Bitcoin is optimistic but below August highs. Despite pockets of strength and strong market sentiment, the CoinMarketCap survey suggests purchasers should do more. The $74,000 Bitcoin Sale Will Be “Disastrous” Breaking $65,000 and $66,000 barriers might unleash a demand tsunami that could push the currency to record highs. Roadblocks will occur at $70,000 and $72,000. One X expert cautions that selling at all-time highs would be a “disastrous” blunder if buyers take command and the currency retests. He thinks quitting at $74,000 is “way too early” since the currency might soar. The coin stays positive technically. Despite the decline following the March 2024 rise to an all-time high, buyers dominate the monthly chart. BTC prices are in a bull flag. A closure above the resistance trendline might confirm Q4 2023 and Q1 2024 gains. Technical candlestick shape may benefit bulls, but analysts say underlying issues are more important. The expert believes selling at $74,000 will be a mistake since the People's Bank of China (PBoC) is infusing cash into the economy. The expert noted that the central bank unveiled a 10-point easing strategy to boost the Chinese economy. Injecting money and cutting rates might benefit the world. Bitcoin may benefit from more accommodating monetary policy from China, Japan, and the US due to rising global liquidity. Bitcoin may also benefit from the decreasing USD index. Other economies, notably Europe, may help their economy when the dollar declines. This would attract money to physical assets like Bitcoin. Gold is nearing record highs, and Bitcoin may follow if investors purchase both to avoid high inflation. The analyst also noted that the US approved BlackRock's proposal to list and trade Options for IBIT, their spot Bitcoin ETF. With banks like BNY Mellon expressing interest in Bitcoin custody, fund managers may start taking BTC for their customers. #BinanceLaunchpoolHMSTR #TrumpFirstBTCUse #BTCReboundsAfterFOMC FOMC $BTC

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Binance Charity to Airdrop Up to $1.5M in BNB to European Users Affected by Floods Up to $1.5 million in BNB will be airdropped to Storm Boris flood victims in Europe by Binance. The POA finished by September 18, 2024 will identify users. Binance is aiding Central European flood victims from Storm Boris. Binance Charity is airdropping up to $1.5 million in BNB to Binance users in the hardest-hit locations, according to an official release. User Identification Will Be POA User identity will be based on POA achieved by September 18, 2024, according to Binance. They should state in their POA that they reside in the hardest-hit Polish, Romanian, and Czech regions. The exchange said that customers in these locations would get $50 in BNB in their Binance accounts. The notification also notes that Binance recognizes that many users in the impacted locations have not finished their POA. Users may complete their POA validation information by October 11. Binance said users who completed their POA before this date would get $25 in BNB as a contribution. In Binance's FAQ section on humanitarian relief to afflicted customers, the first wave of payments will arrive by October 1, 2024. Binance's General Manager for Central and Eastern Europe and Central Asia, Kyrylo Khomyakov, acknowledged the flooding in Poland, Czech Republic, and Romania. The natural calamity killed people and damaged homes and goods, he added. Khomyakov hopes Binance Donation recipients may assist themselves, their families, and the most needy areas. Binance Supports Users Binance stands behind its users and will continue to help impacted individuals and community members. Richard Teng, the exchange's CEO, sent a poignant statement on his X account about how impacted consumers might seek aid. Binance is assisting Storm Boris victims in a big way, and the communities appreciate it. @Yi He @Richard Teng #BTCReboundsAfterFOMC FOMC #USRetailSalesRise $BNB

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Ripple's RLUSD Stablecoin Testing Heats Up: Could XRP Reach $10? XRP fell 0.2% today to $0.5881 as the crypto market fell 1% in 24 hours. XRP is up 2% a week and 10% a fortnight, and although the cryptocurrency is down 1% a month, it has up 18% in the previous year. Ripple released 485 RLUSD yesterday to test its new RLUSD stablecoin, which may boost XRP by year's end. Ripple's ambitions to sell its stablecoin in Japan and its continuous expansion with new partners suggest healthy growth. Ripple's RLUSD Stablecoin Testing Heats Up: Could XRP Reach $10? As XRP attempts to break over its red resistance level at $0.592, 485 RLUSD were issued. Other indications show it has recovered momentum in the last hour, with its relative strength index (purple) reaching 50. XRP may rebound from its modest loss today to reach $0.60 in a week or two. Today's drop may have been caused by a whale deposit to Bitstamp, although neither direction has seen big transfers in the prior 12 hours. As announced, Ripple issued 485 RLUSD yesterday to test the cryptocurrency. Early August saw beta testing of the stablecoin on XRP Ledger and Ethereum. Its extensive use and Ripple's prominence as a cross-border transaction network might make RLUSD a major stablecoin competitor once it starts. Once regulatory clearance is obtained, the stablecoin will debut in Japan and subsequently internationally, targeting institutions. Future acceptance of RLUSD may not directly affect XRP, but it will increase the Ripple ecosystem, indirectly benefitting XRP. The latter may reach $1 by year's end and $3 by Q2 2025. #XRP #Ripple #BTCReboundsAfterFOMC FOMC $XRP

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Binance Helps Indian ED Crack $47.6 Million Fiewin Scam Binance and India's Enforcement Directorate (ED) busted a $47.6 million Fiewin fraud. Fiewin, an online game marketed as a way to get money, was investigated by the Indian ED for defrauding players out of nearly $47.6M. Four individuals were detained. Digital wallets linked to crypto exchanges were exploited to launder money. Binance said, “Throughout the ED’s investigation, Binance’s FIU provided critical intelligence that was instrumental in tracing the funds and uncovering the fraud network.” Binance's research team traced laundered money across crypto-wallets and helped ED uncover the scam's network. The ED spokesperson said, “Public-private collaborations are crucial in tackling complex financial crimes. Binance's specialist investigative team shows how private companies might collaborate with law enforcement. They helped us with analysis for the investigation.” Binance said Fiewin software offered fast money via mini-games. With the ability to “top up” their in-app money using multiple payment methods, users rapidly created an account and began using the app. The program purportedly stopped withdrawing payments if users accumulated large balances. The combined investigation identified and arrested fraudsters who were linked to Fiewin's game managers utilizing privacy-focused communication applications. Both companies are apparently working together to expose Fiewin app scam and identify everybody implicated. Ferdinando D., Binance Investigation Specialist supporting ED, said, “This case showcases the critical importance of collaboration between public institutions like the ED and private entities like Binance in addressing the new types of digital threats.” #Binance #BTCReboundsAfterFOMC #USRetailSalesRise FOMC

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