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Binance has introduced a new feature called BNSOL to make it easier for users to earn rewards by staking Solana (SOL) tokens. Normally, when you stake crypto, your tokens are locked and can't be used until you withdraw them. But with BNSOL, things are different. When you stake your SOL through Binance, you receive BNSOL in return. This token acts like a âreceiptâ and lets you continue earning rewards while keeping the flexibility to trade, lend, or use your staked tokens. If you decide to cash out, you can either wait for the normal withdrawal process or redeem BNSOL instantly at market value. This system provides a smooth way for people to earn with their crypto while still having the freedom to move their assets when needed. Binanceâs goal is to encourage more people to use Solanaâs network by making staking easier and more flexible.
*- â S&P 500 is at a new ATH - â Mt. Gox has postponed its BTC repayments till October 2025 - â China has injected another 500B Yuan to pump the market - đ„ Bitcoin whales with > 1,000 BTC have accumulated 1.5M BTC since April
Yet, Bitcoin is trading at $64K, and every pump is getting retraced. This looks like a huge bear trap similar to October 2023. Still bullish for Q4.