Here's a brief summary of the latest cryptocurrency news from the past week:
1. **Bitcoin and Market Trends**: - Bitcoin's long-term outlook remains bullish despite some selling pressure anticipated ahead of the upcoming halving event【74†source】. - The overall market sentiment is positive, with increasing interest in decentralized finance (DeFi) and new blockchain projects【74†source】.
2. **Regulatory Developments**: - The UAE is fostering a crypto-friendly environment by recording $25 billion in crypto transactions and adopting regulatory policies to attract further investments【74†source】. - In Russia, there has been a significant increase in crypto-related activities, prompting the central bank to monitor the situation closely【73†source】.
3. **Project Highlights**: - The FTX estate has sold its remaining Solana tokens to repay creditors, marking a significant step in its bankruptcy proceedings【73†source】.
These developments show a dynamic and evolving landscape in the cryptocurrency world, with significant advancements, regulatory actions, and ongoing legal challenges shaping the market.Here's a brief summary of the latest cryptocurrency news from the past week:
1. **Bitcoin and Market Trends**: - Bitcoin's long-term outlook remains bullish despite some selling pressure anticipated ahead of the upcoming halving event【74†source】. - The overall market sentiment is positive, with increasing interest in decentralized finance (DeFi) and new blockchain projects【74†source】.
2. **Regulatory Developments**: - The UAE is fostering a crypto-friendly environment by recording $25 billion in crypto transactions and adopting regulatory policies to attract further investments - In Russia, there has been a significant increase in crypto-related activities, prompting the central bank to monitor the situation closely
3. **Project Highlights**: - The FTX estate has sold its remaining Solana tokens to repay creditors, marking a significant step in its bankruptcy proceedings
I haven't personally encountered any crypto scams, I can offer some general suggestions to help the Binance risk team foster a safer crypto community:
1.Education and Awareness: Increase education and awareness campaigns to inform users about common scam tactics and how to identify them. This can include regular emails, blog posts, social media updates, and in-platform notifications.
2.Verification Procedures: Enhance verification procedures for new users to prevent fraudulent accounts from being created. This could involve stricter KYC (Know Your Customer) processes and identity verification measures.
3.Scam Reporting System: Implement a user-friendly system for reporting potential scams or suspicious activity within the platform. Encourage users to report any suspicious behavior they encounter.
4.Customer Support: Provide robust customer support services to assist users who may have fallen victim to scams or fraudulent activities. This could include dedicated support channels for scam-related issues and timely resolution of reported incidents.
5.Security Features: Continuously update and improve security features within the platform to prevent unauthorized access and fraudulent transactions. This may involve implementing multi-factor authentication, IP tracking, and monitoring for unusual account activity.
6.Community Engagement: Foster a sense of community among users by encouraging dialogue and collaboration on security-related topics. This could include hosting webinars, AMAs sessions with security experts, and creating forums for users to share their experiences and insights.
7.Partnerships: Collaborate with other reputable organizations, such as cybersecurity firms and law enforcement agencies, to share information and resources for combating crypto scams. This can help strengthen the overall security ecosystem and facilitate faster response to emerging threats.
By implementing these measures, the Binance risk team can help create a safer environment for crypto enthusiasts to trade and invest with confidence. #ScamRiskWarning #BinanceScamAlert
Predict the price of BTC at 20th April 00:00 (UTC+0) to win up to $10000 of SATS token rewards!
To mark this milestone of Bitcoin Halving, all verified users can complete specific tasks on Binance Square during the Activity Period, and qualify for up to $10,000 of SATS token voucher reward. Activity Period: 2024-03-04 09:00 (UTC) to 2024-04-14 09:00 (UTC)All KYC-verified Binance users who log into their Binance accounts and complete the following tasks during the Activity Period will qualify for the $10,000 of SATS reward. Tasks: Comment your prediction for the price of BTC on 20th April 00:00 (UTC+0) on this post. Share this post on your social media and #HalvingHorizonsThe user with the closest prediction will win $5000. If more than one user shares the same prediction, you’ll share the price pool. AndIf you correctly guessed the price and signed up for a Binance account during the activity period through the shared link of this post or the Binance Square referral link, you can unlock a share of extra $2000 price poolAndIf you correctly guessed the price and completed at least 10 trades during the activity period, you will unlock a share of the extra $3000 price poolEach user can only submit 1 entry. Terms & ConditionsThis activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order to qualify.The $10,000 of SATS token voucher rewards pool will be divided equally among all qualified users.Winners will be notified via a push notification under Creator Center > Square Assistant. Voucher rewards will be distributed within 21 working days after the activity ends. Users may check their voucher rewards via Profile > Rewards Hub. The validity period for the voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.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.
The article explores the use of airdrops for small wallets, with ZeroLend as an example. ZeroLend, a decentralized lending platform, has recently seen a significant increase in its TVL. The protocol operates on zkSync Era and Manta. ZeroLend has launched "Zero Gravity," a points program in anticipation of the airdrop of its ZERO token. Users can earn points by depositing liquidity or borrowing on the platform, as well as participating in social activities. This approach allows small wallets to get involved in the airdrop and potentially benefit from rewards. #AirdropAlerts #SecureYourTokens #TrendingTopic #BTC
➡️ Honduras' National Banking and Securities Commission (CNBS) banned financial institutions from dealing with cryptocurrencies, citing security concerns. ➡️ The U.K. government could accelerate legislation dedicated to stablecoins and staking, aiming to enact laws within six months.
🖥 Technology
➡️ Uniswap v4 launch is planned for Q3 2024, following three main phases: code freeze, auditing and testnet, and launch push. ➡️ Decentralized exchange FixedFloat was exploited for $26 million in BTC and ETH, with the platform addressing vulnerabilities and improving security.
🕯 Industry
➡️ U.S. banks requested regulatory updates to participate in Bitcoin ETFs as asset custodians, aiming to make crypto custody more cost-efficient. ➡️ Ethena Labs launched its USDe stablecoin, offering a 27.6% annual percentage yield, raising concerns about potential yield inversion.
⚡ Tune in every week for our Weekly Crypto Highlights, and get a sneak peek of what's happening in the wide world of crypto! #Write2Earn #Crypto_Newss
1,000 bitcoins buried since the era of Satoshi Nakamoto resurface
The crypto community, ever vigilant for a hypothetical return of Satoshi Nakamoto, closely monitors all bitcoin transactions dating back to his known period of activity (i.e., before May 2011). And, indeed, a total of 1,000 ancient BTC have recently come back to life in early December 2023.
These bitcoins originate from block rewards obtained, hold on tight, between August and November 2010. CryptoQuant, a company specialized in on-chain data analysis, identified these movements on December 4, 2023, over 13 years after these BTC were frozen in time.
Characteristic of that time so close to Satoshi Nakamoto that it could potentially be him, the block rewards for validating (mining) a set of transactions were precisely 50 BTC. #BTC #Satoshi_Nakamoto #BinanceTrends
Crypto Airdrop: Jupiter aggregator distributes its JUP tokens on Solana
Jupiter is a central protocol in the Solana ecosystem. Indeed, it is the main DEX aggregator on Solana, with a trading volume that nearly reached 1 billion dollars in October.
Now, the protocol is evolving with the launch of its own token, JUP. In total, 10 billion tokens will be created. In practice, out of these 10 billion, 40%, or 4 billion JUP tokens, will be distributed to the community through 4 rounds of airdrops.
In this initial announcement, the pseudonymous founder Meow explains that the first round aims to reward the early users of the protocol. Therefore, 10% of the supply, or 1 billion JUP, will be distributed in this round. In this regard, 955,000 addresses are eligible for having interacted with the protocol before November 2, 2023. #AltCoinSeason #AirdropDetails #BinanceTrends
Crypto spot ETF: BlackRock pushes the SEC into a corner
The SEC (Securities and Exchange Commission) continues to keep the suspense alive in the case of numerous pending approvals for Bitcoin spot ETFs. A situation that is starting to irritate within the ranks of traditional finance players. To the point where the founder of the investment fund ARK Invest, Cathie Wood, points the finger at her boss Gary Gensler as the sole real obstacle to overcome in this matter.
An irritation that also seems to affect the world's leading asset manager, BlackRock. Especially since this finance giant completed its registration file with an official request for a spot Ethereum ETF.
"As the Commission has already approved ETFs that provide exposure to futures contracts on ETH, whose price is itself based on the underlying spot market of ETH, the sponsor believes that the Commission should also approve ETPs that offer exposure to spot ETH."
1. Fear and Greed: we went green at 71 Greed! Which means that buying pressure is increasing. My opinion: the purchase timing for certain cryptos which do not have a pump YET is interesting to study! Don't wait until greed is at its peak to invest.
2. The rise of Pepe + 29.6% today The memecoin of the moment is not Dogecoin or even Shiba Inu but Pepe. Shib is up 3.5% and Doge is up 2%. Pepe consolidates its third place among the top memecoin cryptos.
3. Sam Bankman-Fried decided to testify in his defense, attorney Mark Cohen said. Note: we can say that he is wearing his balls (if he supposedly has them)!
4. Top search trends on Coinmarketcap Currently, the 5 most searched cryptos on CMC are: $BTC , $PEPE , Solana, Ethereum and ChainLink.
5. Arthur Hayes (CEO of Bitmex) said now is a good time to buy Bitcoin. “If long-term U.S. Treasuries don't offer investors any security, then their money will look for alternatives. Gold, and especially Bitcoin, will begin to rise due to real fears of global wartime inflation.
6. Elizabeth Warren is using Hamas as her new scapegoat in the war on crypto Massachusetts Senator Elizabeth Warren is profiting from sensationalist claims related to Hamas' use of cryptography. Unfortunately, these claims are largely false.
7. Bitcoin surpassed $35,000 today before correcting slightly. $BTC is up +22.5% weekly.
8. Crypto delistings from exchanges see record pace this year More than 3,400 tokens removed from exchanges The amount is the highest ever since 2016, says Kaiko
1. SEC drops charges against two Ripple Labs executives.
⚡️ The $XRP token takes approximately +7%
2. Bitcoin rally +10% this week
🚀 Twice, he received $30,000. The first time was with the fake news from Cointelegraph and the second time today with the feeling in the USA that the Bitcoin ETF in SPOT will be validated!
3. BRICS: Russia and China push the dollar out!
Russia and China agree to a $25 billion local currency deal!
4. Binance: deposits and withdrawals in euros soon available with transfers.
Binance has signed agreements with new partners for EUR payments, deposits and withdrawals. However, Stéphanie Cabossioras, general director of #Binance France left her position 24 hours before the news of the new partner.
5. The Tether company behind the USDT stablecoin has announced that it will publish its reserves (to back the stablecoin) in real time 24 hours during the year 2024.
With 84 billion capitalization, $USDT is the most capitalized stablecoin, ahead of $USDC at around 25 billion. My opinion is that this approach will increasingly reassure the market at the dawn of the next Bull Run.
Some people do not go with the back of the spoon when it comes to predicting the future of Bitcoin. And if some still dare to prophesy the Death of the queen of cryptocurrencies, Anthony Scaramucci is, for his part, very (excessively?) optimistic.
In a recent interview, the founder of SkyBridge Capital gives his views on the future of money. And suffice to say that Bitcoin holds a very big place in his eyes. Indeed, while the current total valuation of bitcoins hovers around $540 billion, Anthony Scaramucci sees it multiplying 30 times in the future.
“[Bitcoin] is becoming a store of value for people that in many ways is more valuable than gold. I believe [its adoption] is happening and I think Bitcoin could easily become a $15 trillion [valued] asset. »
Bitcoin ETF and the SEC: the last round in the approach
Sui Chung is the CEO of CF Benchmarks: a company specializing in blockchain data, which will provide the main indices essential for tracking spot Bitcoin ETFs. Including those of BlackRock, Valkyrie and Wisdom Tree.
Closer to these ETF requests, it now sheds relevant light on the current approval process and it begins directly with very pragmatic considerations. For him, it seems obvious that, during the summer, no one on the SEC side was able to draft a file of such importance and complexity.
After this rather surprising comment, he will also explain that the approvals will probably all arrive at the same time since the files are very similar. Next, our witness of the day details how the Ethereum futures ETFs that already exist could be a sort of Trojan Horse for Bitcoin.
Bitcoin ETF and the SEC: the last round in the approach
Sui Chung is the CEO of CF Benchmarks: a company specializing in blockchain data, which will provide the main indices essential for tracking spot Bitcoin ETFs. Including those of BlackRock, Valkyrie and Wisdom Tree.
Closer to these ETF requests, it now sheds relevant light on the current approval process and it begins directly with very pragmatic considerations. For him, it seems obvious that, during the summer, no one on the SEC side was able to draft a file of such importance and complexity.
After this rather surprising comment, he will also explain that the approvals will probably all arrive at the same time since the files are very similar. Next, our witness of the day details how the Ethereum futures ETFs that already exist could be a sort of Trojan Horse for Bitcoin.
The FTX hacker moves $110 million stolen from the platform
The scandals are one after another concerning Sam Bankman-Fried (SBF) and his disastrous management of FTX. But another subject concerning the defunct crypto exchange platform has also been talked about a lot in recent days.
Indeed, after 10 months of radio silence, the hacker worth nearly 400 million dollars from FTX suddenly began to set the stolen cryptocurrencies in motion. The hacker made the first transfers of stolen ether (ETH) on September 30, 2023.
Since that day, he continued to make movements and, on October 5, 2023, a total of 67,500 ETH was transferred. were reactivated by the hacker. That’s the equivalent of more than $110 million at the current price of Ethereum’s native crypto.
Bitcoin and ether suddenly rising – Is October launching its “uptober”?
Indeed, from October 1st, a fairly rare phenomenon was observed in recent times: Bitcoin and Ethereum suddenly jumped by +4% in the space of just 15 minutes! In detail, more than $70 million in short positions were liquidated in no time after this increase which took many portfolios by surprise.
The price of BTC flirted with the long-awaited $28,000 mark. Ethereum (ETH) also saw a significant increase of 4.7%, flirting with $1,700. It didn't take much, especially in this period of scarcity in the world of cryptos, for us to talk about an "Uptober", that is to say a bull market in October. The collective crypto memory keeping in mind the long-awaited deadline with the potential approval of Bitcoin spot ETFs by the SEC
It is impossible not to note the obvious ill will of the United States Securities and Exchange Commission (SEC) in the matter of spot Bitcoin ETFs. A situation which even caused his detestable boss Gary Gensler to be officially scolded by the US Congress at the beginning of last week.
In the Valkyrie spot Bitcoin ETF filing, additional proceedings are requested to determine “the compatibility of the proposed rule change with section 6(b)(5) of the Act.” And in order to no longer feel too alone in the face of Congress, Gary Gensler calls on “commentators”. This is in order to debate what is presented as “reasons for disapproval still under study”.
Gary Gensler and the SEC must approve Bitcoin ETFs "immediately"
As the Securities and Exchange Commission announced the umpteenth delay of its decision regarding the applications for Bitcoin spot ETFs from Ark Invest and 21 Shares, US lawmakers expressed some hours earlier their impatience with Gary Gensler, the president of the SEC.
A group made up of 4 members of the US Congress, from both the Republican and Democratic parties, challenged Gary Gensler in a letter published on Tuesday September 26. “A regulated spot Bitcoin ETF would provide increased protection for investors by making access to Bitcoin safer and more transparent… Congress has a duty to ensure that the SEC approves investment products that meet the requirements set by Congress.We invite you to immediately approve the listing of spot ETPs on Bitcoin.”
These 5 billion dollars that are shaking the crypto market
Among derivative products, options contracts (or more simply, options) allow a trader to bet either up or down on an underlying asset. (cryptos here) by setting a predetermined price (purchase or sale) at a later expiration date (in 1 or 3 months for example). And precisely, this Friday, September 29, a large quantity of these options contracts on Bitcoin and Ethereum will expire.
These end-of-quarter periods are particularly closely watched within the options market. As explained by Luuk Strijers, commercial director of the Deribit exchange, of the 4.8 billion dollars of crypto options which will expire this Friday, 3 billion dollars of options concern Bitcoin, and 1.8 billion dollars concern Ethereum.
Vitalik Buterin has just mysteriously sent $630,000 of ether (ETH) to Coinbase
Vitalik Buterin cannot carry out his crypto transactions in peace in his corner. They are systematically well highlighted in the public square. This time, it was the specialists in the analysis of blockchain transactions from Spot On Chain who spotted a significant movement of funds made by the co-founder of Ethereum.
We thus learn that on September 25, 2023, Vitalik Buterin would have deposited 400 ETH on the Coinbase cryptocurrency exchange platform. Or the equivalent of $632,000 at the time of the transfer. Quickly, the cryptosphere wondered why the co-creator of Ethereum was sending his ether to a CEX.
It turns out, as we will see in this article, that this present transfer would be far from being the only one made towards crypto-exchanges.