The Importance of Binance

First, just sign up for a Binance account: LINK ĐĂNG KÝ

CEO @Richard Teng stated that the exchange #Binance has reached the milestone of 240 million registered users. Binance is increasingly playing a significant role in shaping the cryptocurrency market.

Since the approval of the Bitcoin Spot ETF in January, many have shifted their focus to the BTC ETF capital flow. Coinbase significantly affects Bitcoin prices, but the spot trading volume on Binance shows that Binance remains a key player in the market.

Comparing the Bitcoin cycles of 2020 and 2023:

2020:
- Coinbase spot volume: 2 -> 3 billion USD.
- Binance spot volume: 5 -> 7 billion USD.

2023:
- Coinbase spot volume: 3 -> 4 billion USD.
- Binance spot volume: 10 -> 20 billion USD.

The volume gap has widened significantly, leaving Coinbase behind, affirming Binance's influence.

#USDT netflow reached 1.8 billion USD

1.8 billion USDT has been transferred to exchanges, marking a new record high.

When a large amount of stablecoin is transferred to exchanges, it means there is high purchasing power waiting to enter the market. It can buy #BTC or #Altcoin

Now it seems that the purchase of #BTC by MicroStrategy is no longer a bearish indicator.

At this point, buying in is also considered a light DCA by Michael Saylor. He also stated that the purchase transaction of #BTC today is "the largest purchase #Bitcoin ever made."

The number of Bitcoins held by MicroStrategy currently stands at 331,200 BTC. The company purchased at an average price of 49,874 USD for each Bitcoin.

Metaplanet will issue a one-year bond to fund the purchase of #Bitcoin

#Metaplanet known as "Asia's MicroStrategy" because the company's strategy is very similar to MicroStrategy, which is to accumulate as much #BTC as possible.

CEO #Starknet plans to quadruple the number of transactions per second (TPS) and reduce transaction fees by 5 times within the next 3 months.

The CEO shared the above information and further confirmed that Starknet is capable of processing more than 200 transactions per second (TPS) in a short period of time, and reached a record average of 129 TPS on October 29.

In addition, Starknet has peaked at 857 TPS in a controlled, rigorous test.

Regarding transaction fees, Starknet maintains very low fees with an average value of only $0.002.

All information almost confirms that Starknet is testing and boosting the network's processing capacity in specific situations, which is commendable.

What is not commendable is when will $STRK pump?

Crypto Events of the Week (11/18 - 11/24)

🔜11/18
- $ROSE unlocks $14 million worth of tokens.

🔜11/19
- $USUAL listed on #Binance Pre-Market.

- $ZFI first token listing.

- $APT launches world's first Aptos Staking ETP on Six Swiss Exchange.

- Bitfinity Network's Layer 2 Mainnet launched.

🔜11/20
- $PNDR TGE
- $MICRO first listing.
- $DEAI Zero1 Labs to unveil its v2 token vision

🔜November 21
- Illuvium: Beyond Wave 3 launch.

- $LSK launches 10M token airdrop campaign.

- $UFT launches UniLend's Numa network.

🔜November 22
-#G3GAM3 Awards event.

- $MEMEFI first listing
---

Some events with unknown dates:

- Chairman #SEC Gary Gensler may be stepping down soon according to a recent letter.

- $GOAT Truth Terminal roadmap (the project behind memecoin GOAT) to be announced

- $ENA Two new CEX collateral listings for USDe to be announced + ENA fee conversion proposal just passed
- Hyperliquid's $HYPE Token rumored to launch this month.

$BTC closed the weekly candle at $89,900:

- Last week, 16683 $BTC were withdrawn from the exchange
- Net flow #ETF Bitcoin last week reached $1.67 billion, up $0.04 billion compared to the previous week.

Multicoin Capital immediately deposited $CYBER to #Binance immediately after receiving tokens from the project through GSR Markets.

The number $CYBER deposited to the exchange is 416,667 tokens (~1.44 million USD).

About 1 day ago, the Cyber ​​side distributed 2.046 million CYBER (7.16 million USD) to 51 investor addresses. Among them, Multicoin Capital received the largest amount.

Other notable recipients include: Draper Dragon, Spartan Group

This year really mentions very little $OM but this year it has increased 96 times, just ATH, becoming the project in the #RWA category with the largest market capitalization: 2.2 billion USD.

All this happened after:

- #Mantra Chain mainnet launch
- CEO & Co-Founder participated in speaking at Binance Blockchain Week
- After MANTRA tokenized 500 million USD of real estate assets for MAG Group in UAE
- After MANTRA and Libre collaborated to bring investment opportunities to BlackRock's money market funds via blockchain.

The last partners are perhaps the most recent news that has helped $OM gain popularity because:

- Libre deploys RWA funds on blockchains like Solana, Near, and Aptos.

- The partnership opens up access to other leading funds, including hedge funds and private credit funds.

- ....

President Trump wants to eliminate the Capital Gains Tax on cryptocurrencies issued by US companies.

* Capital Gains Tax is a tax assessed on the positive difference between the selling price of an asset and its original purchase price.

If this policy is implemented, Americans will not have to pay taxes on profits from holding crypto assets such as $ADA , $ALGO , $XRP and $HBAR

However, there will also be a process to allow foreign companies to relocate to the US to benefit from this regulation. This is part of the Trump administration's strategy to make the US the leading center for cryptocurrencies.

If this policy is implemented, US-originated cryptocurrencies will become an attractive investment for Americans, as they will not have to pay up to 37% tax on profits.

This morning $STRK just unlocked 64 million tokens to the market with a value of 28 million USD.

This amount is ~3.05% of the circulating supply, coincidentally, when $STRK unlocked the token, the market adjusted, so the last 3 times it was unlocked, the price adjusted again.

On November 26, #Starknet launched the staking feature.

$USUAL (Usual) Binance Launchpool 61st Listing and Pre-Market

Basic Information:
- Ticker: USUAL
- Token Supply: 4B
- Launchpool Rewards: 300M (7.5% of token supply)
- Initial Circulating Supply when Biannce Listing: 494.6M (12.37% of token supply)

Stake BNB, FDUSD to earn USUAL:

- BNB Pool: 255M
- FDUSD Pool: 45M
- Farming Time: 07:00 on 11/15 - 06:59 on 11/19

#Binance Pre-Market Listing of USUAL:

- Time: 17:00 on 11/19.

✍️ Create Binance Account - 20% off trading fees LINK ĐĂNG KÝ

Memecoin is the most traded on the market (Volume > 1 billion USD)

- Dog: $DOGE $SHIB $WIF $BONK $FLOKI $NEIRO
- Squirrel: $PNUT
- Frog: $PEPE $BOME
- AI meme: $ACT
- $PEOPLE

Tether minted another 1 billion #USDT and added another billion.

GM, #CPI same as predicted

$PEPE was the brightest memecoin yesterday when it broke ATH.

$WIF #MOODENG$FLOKI $BONK also increased strongly

Index #CPI tonight at 8:30 PM

- Headline inflation: Core CPI is forecast to hit 2.6%, up slightly from September's 2.4%, the lowest since February 2021. Consumer prices are expected to rise 0.2% month-on-month, similar to the previous month's rate⏫

- Core inflation: Core CPI is estimated to have risen 3.3% year-on-year for the third consecutive month. Core inflation remains high due to rising housing prices and costs of services such as insurance and health care.

Although inflation has been rising at a slower pace, it is still above the Fed's 2% target.

In addition, the inflation outlook remains uncertain as economists warn of potential risks that could push costs higher after Donald Trump's re-election. Could cause the Fed to adjust its interest rate cut plan.

Binance list #HIPPO and #X

HIPPO is the Sui meme
X is the Ton meme

#Binance

- Create Binance Account - 20% off transaction fees: LINK ĐĂNG KÝ

Ethereum Foundation Sells 100 $ETH ($334k) Again After 2024 Report Release

This is the first $ETH sale since the Ethereum Foundation released its 2024 report on November 8, showing a reserve of $970.2 million as of October 31, with $788.7 million in crypto (99.45% of it being $ETH ).

The Ethereum Foundation plans to sell ETH regularly to fund critical projects and maintain reserves.

So far in 2024, they have sold 4,266 ETH for $11.83 million at an average sale price of $2,773.

Currently, the Ethereum Foundation's wallet still has more than 272,000 $ETH ($859 million)

#ZKJ just looked at the unlock schedule, the younger brother whose name was taken by the giant ZK has a very interesting token unlock result.

Currently:

- Circulating supply: 60,383,487
- Total supply: 1 billion
- Tomorrow, 11/14 #Polyhedra will unlock another 17.22 million #ZKJ (~20.7 million USD). ~28.5% of circulating supply.

Looking at the unlock chart, it looks quite similar to terraced fields, next month will do the same thing again. Initially, the supply was very small, like now it's only 6% in circulation.

In July 2024, Germany sold 50,000 $BTC for $54,000, earning $2.6 billion. If it had been held until now, it would have earned an additional $1.7 billion.

As for the US, over the past 10 years, the US government has sold 195,091 #Bitcoin . And if it had been held until now, it would have earned a total of $16.7 billion. The US currently holds more than 208,109 $BTC