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GiangNG
@GiangNG-d11511977
My name is GiangNG, and I have recently started writing content on Binance Square
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Theme : Binance Build
1/7/2024-7/7/2024
#wotd #binancebuild #6wotd
1/7/2024-7/7/2024
#wotd #binancebuild #6wotd
Binance Labs Invests In Infrared To Grow Proof of Liquidity https://safu.im/XL0VILkF
New Frontiers of Crypto Adoption: Everyday Transactions, Knowledge, and Trust https://s.binance.com/XjXoZNbB
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4. Financial markets and regulations:
• Quantum Computers Foundation predicts that quantum computers could disrupt Bitcoin by 2030, however, this is still controversial and has not been clearly proven.
• Biden’s Campaign Team is considering accepting cryptocurrency donations to show that they are not “enemies” of this technology.
5. Perspective and prospects:
• Analysts predict that Bitcoin price may continue to fluctuate strongly in the near future, especially in the context that many large companies and organizations begin to promote investment in this market.
• Blockchain and DeFi projects continue to attract attention and capital from large investment funds, showing the strong growth potential of this field in the near future.
In general, the crypto market is still experiencing many fluctuations with important events and news. Investors should update information regularly and consider carefully before making investment decisions.
• Quantum Computers Foundation predicts that quantum computers could disrupt Bitcoin by 2030, however, this is still controversial and has not been clearly proven.
• Biden’s Campaign Team is considering accepting cryptocurrency donations to show that they are not “enemies” of this technology.
5. Perspective and prospects:
• Analysts predict that Bitcoin price may continue to fluctuate strongly in the near future, especially in the context that many large companies and organizations begin to promote investment in this market.
• Blockchain and DeFi projects continue to attract attention and capital from large investment funds, showing the strong growth potential of this field in the near future.
In general, the crypto market is still experiencing many fluctuations with important events and news. Investors should update information regularly and consider carefully before making investment decisions.
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1. Market overview:
• Bitcoin (BTC) is currently trading at about 68,264 USD, up slightly by 0.16% in the past 24 hours.
• Ethereum (ETH) fell 0.70% to 3,312 USD, while Litecoin (LTC) fell 2.51% to 97.32 USD and Solana (SOL) fell 9.23% to 182.64 USD.
2. Notable events:
• Terraform Labs announced that it will cease operations after reaching an agreement with the US Securities and Exchange Commission (SEC). This is an important turning point after months of legal disputes.
• Helio has upgraded the Solana Pay plugin, making it possible for millions of Shopify merchants to accept payments in hundreds of different cryptocurrencies .
• Manta Foundation launches a $50 million EcoFund to support blockchain innovation, targeting the development and application of new technologies in this field.
3. Other outstanding developments:
• GameStop saw strong growth after famous trader Keith Gill revealed he owned $586 million in company shares, which led to an explosion of GME-related meme tokens on the Solana blockchain .
• Bitcoin was purchased by Semler Scientific for an additional 17 million USD, bringing the total amount of Bitcoin the company owns to 74 million USD. The company plans to raise an additional $150 million to continue buying more Bitcoin, after a previous investment caused the stock price to increase by 25%.
• Bitcoin (BTC) is currently trading at about 68,264 USD, up slightly by 0.16% in the past 24 hours.
• Ethereum (ETH) fell 0.70% to 3,312 USD, while Litecoin (LTC) fell 2.51% to 97.32 USD and Solana (SOL) fell 9.23% to 182.64 USD.
2. Notable events:
• Terraform Labs announced that it will cease operations after reaching an agreement with the US Securities and Exchange Commission (SEC). This is an important turning point after months of legal disputes.
• Helio has upgraded the Solana Pay plugin, making it possible for millions of Shopify merchants to accept payments in hundreds of different cryptocurrencies .
• Manta Foundation launches a $50 million EcoFund to support blockchain innovation, targeting the development and application of new technologies in this field.
3. Other outstanding developments:
• GameStop saw strong growth after famous trader Keith Gill revealed he owned $586 million in company shares, which led to an explosion of GME-related meme tokens on the Solana blockchain .
• Bitcoin was purchased by Semler Scientific for an additional 17 million USD, bringing the total amount of Bitcoin the company owns to 74 million USD. The company plans to raise an additional $150 million to continue buying more Bitcoin, after a previous investment caused the stock price to increase by 25%.
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🔥 Brief market news Friday - June 14
+ Bitcoin Spot ETF is expected to have a heavily negative session on June 13 when Fidelity, Ark, Grayscale sold more than $220M (No data from BlackRock yet) [CT]
+ PPI production inflation in May was lower than expected, a good sign that consumer inflation may continue to decline sharply in the near future (PPI is a precursor to CPI) [CT]
+ MicroStrategy opens another $500M bond sale to collect more Bitcoin [CT]
+ Chairman Gary Gensler expects the SEC to approve the Ethereum Spot ETF by the end of summer (September) [CT]
+ Terraform Labs dissolves, pays $4.5B to the SEC and calls on the community to take over Terra Network [CT]
+ zkSync announced 13 projects receiving airdrops with a redistribution mechanism for users [CT]
+ Pixelverse airdrop hunting / Taiko Trailblazers airdrop hunting [CT]
+ UwU Lend, the lending protocol hacked for nearly $20M on June 10, was hacked again for $3.5M [CT]
+ Holograph $HLG drops up to 60%, hackers attack and mint another 1 billion tokens [CT]
+ Manta Network sets up a $50M fund / NEAR establishes Nuffle Labs, raises an additional $13M [CT]
+ Paradigm raises $850M for third investment fund, focusing on Crypto [CT]
#TopCoinsJune2024 #binance #tintuc #GiangNG
+ Bitcoin Spot ETF is expected to have a heavily negative session on June 13 when Fidelity, Ark, Grayscale sold more than $220M (No data from BlackRock yet) [CT]
+ PPI production inflation in May was lower than expected, a good sign that consumer inflation may continue to decline sharply in the near future (PPI is a precursor to CPI) [CT]
+ MicroStrategy opens another $500M bond sale to collect more Bitcoin [CT]
+ Chairman Gary Gensler expects the SEC to approve the Ethereum Spot ETF by the end of summer (September) [CT]
+ Terraform Labs dissolves, pays $4.5B to the SEC and calls on the community to take over Terra Network [CT]
+ zkSync announced 13 projects receiving airdrops with a redistribution mechanism for users [CT]
+ Pixelverse airdrop hunting / Taiko Trailblazers airdrop hunting [CT]
+ UwU Lend, the lending protocol hacked for nearly $20M on June 10, was hacked again for $3.5M [CT]
+ Holograph $HLG drops up to 60%, hackers attack and mint another 1 billion tokens [CT]
+ Manta Network sets up a $50M fund / NEAR establishes Nuffle Labs, raises an additional $13M [CT]
+ Paradigm raises $850M for third investment fund, focusing on Crypto [CT]
#TopCoinsJune2024 #binance #tintuc #GiangNG
Binance’s New Milestone: 200 Million Users! Take Part and Win With Our 200 BNB Online Giveaway
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🔥🔥🔥Drama🔥🔥🔥
Quick summary of zkSync's drama for you guys to enjoy! 🤭
- Aave, a lending platform, received over 8 million $ZK despite not integrating zkSync yet.
- Lens Protocol received 5.64 million $ZK although activity on zkSync is unknown.
- Ethena received 8.3 million $ZK, surpassing top DEXs on zkSync such as Syncswap, Maverick Protocol
- Velocore still received 1.6 million $ZK even though it was hacked before.
- Kelp DAO received 5.6 million $ZK even though it only integrated zkSync 2 months ago.
- Ether.Fi received 5.6 million $ZK without deploying on zkSync.
- GRVT & Clave still receive airdrops even though they are still on the Waitlist and the product is not yet active.
- Sophon received 2.5 million $ZK despite not having any outstanding contributions other than selling Node.
Meanwhile, Element, Dmail, Kyber and many other highly active projects received no allocation. In response, zkSync just posted a tweet with the implication that "if you're not satisfied, get the hell out"!! 🙏
Quick summary of zkSync's drama for you guys to enjoy! 🤭
- Aave, a lending platform, received over 8 million $ZK despite not integrating zkSync yet.
- Lens Protocol received 5.64 million $ZK although activity on zkSync is unknown.
- Ethena received 8.3 million $ZK, surpassing top DEXs on zkSync such as Syncswap, Maverick Protocol
- Velocore still received 1.6 million $ZK even though it was hacked before.
- Kelp DAO received 5.6 million $ZK even though it only integrated zkSync 2 months ago.
- Ether.Fi received 5.6 million $ZK without deploying on zkSync.
- GRVT & Clave still receive airdrops even though they are still on the Waitlist and the product is not yet active.
- Sophon received 2.5 million $ZK despite not having any outstanding contributions other than selling Node.
Meanwhile, Element, Dmail, Kyber and many other highly active projects received no allocation. In response, zkSync just posted a tweet with the implication that "if you're not satisfied, get the hell out"!! 🙏
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SEC Chairman Gary Gensler said the Ether ETF S-1 application could be approved by the end of the summer. Summer in America is from June to August 👀
This is his statement during the ongoing hearing before the US Senate on the 2025 fiscal budget of the SEC and CFTC.
In theory, on May 24, the SEC approved Ether ETFs (Form 19b-4). However, for funds to officially trade on stock exchanges, the S-1 application must be approved.
This is his statement during the ongoing hearing before the US Senate on the 2025 fiscal budget of the SEC and CFTC.
In theory, on May 24, the SEC approved Ether ETFs (Form 19b-4). However, for funds to officially trade on stock exchanges, the S-1 application must be approved.
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The SEC has approved 19b-4 applications for 8 Ethereum Spot ETF issuers including:
BlackRock
Fidelity
Grayscale
Bitwise
VanEck
Ark/21Shares
Invesco Galaxy
Franklin Templeton
However, this does not mean that funds can start trading from tomorrow, but the SEC needs to further approve S-1 applications, filed by ETF issuers.
This process is expected to take several weeks or longer. Galaxy predicts it will take until July - August for the funds to come into operation.
Standard Chartered optimistically predicts that between 15 and 45 billion USD will be poured into the ETH ETF in the first 12 months of trading.
BlackRock
Fidelity
Grayscale
Bitwise
VanEck
Ark/21Shares
Invesco Galaxy
Franklin Templeton
However, this does not mean that funds can start trading from tomorrow, but the SEC needs to further approve S-1 applications, filed by ETF issuers.
This process is expected to take several weeks or longer. Galaxy predicts it will take until July - August for the funds to come into operation.
Standard Chartered optimistically predicts that between 15 and 45 billion USD will be poured into the ETH ETF in the first 12 months of trading.
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🔥🔥🔥Breaking new 🔥🔥🔥
The market is difficult for MicroStrategy to worry about
MicroStrategy will issue an additional $500 million in bonds to professional investors to collect more Bitcoin
The $500 million convertible bonds will mature in June 2032, unless redeemed or converted into cash or MicroStrategy stock.
With an average purchase price of 35,383 USD/Bitcoin, MicroStrategy's massive Bitcoin portfolio is currently worth more than 14.58 billion USD, recording a profit of nearly 7 billion USD. The last time the company added more Bitcoin was at the end of April 2024, bringing its total holdings to more than 214,000 BTC.
#TopCoinsJune2024 #GiangNG
The market is difficult for MicroStrategy to worry about
MicroStrategy will issue an additional $500 million in bonds to professional investors to collect more Bitcoin
The $500 million convertible bonds will mature in June 2032, unless redeemed or converted into cash or MicroStrategy stock.
With an average purchase price of 35,383 USD/Bitcoin, MicroStrategy's massive Bitcoin portfolio is currently worth more than 14.58 billion USD, recording a profit of nearly 7 billion USD. The last time the company added more Bitcoin was at the end of April 2024, bringing its total holdings to more than 214,000 BTC.
#TopCoinsJune2024 #GiangNG
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🔥 Market Brief Thursday - June 13
+ Session 12/06 has $101M poured into Bitcoin Spot ETFs, Fidelity leads with +$50.6M, no funds have to sell
+ CPI is lower than forecast, creating the premise for the FED to cut interest rates early in September but FED officials have a different perspective - Notable points in the FED meeting in June 2024
+ Following Mr. Trump, President Biden considers accepting campaign donations in crypto
+ Chinese President Xi Jinping praises the science professor of Conflux blockchain (CFX)
+ Terraform Labs agrees to pay $4.5 billion to the SEC - the largest fine in Crypto history
+ Curve founder is liquidated again $140M CRV when this coin falls below $0.295
+ Aethir Airdrop - The claim portal is open, gas is cheap, AE has can be submitted to Bybit & OKX for sale
+ AI Arena game announces Airdrop results
+ Layer3 community platform raises $15M from ParaFi and Greenfield Capital, 5% of total supply will be airdropped to early users
+ Telegram tap-to-earn game Pixelverse raises $5.5M from Delphi Ventures, Merit Circle,...
#TopCoinsJune2024 #binance #bnb #btc #Web3 #GiangNG
+ Session 12/06 has $101M poured into Bitcoin Spot ETFs, Fidelity leads with +$50.6M, no funds have to sell
+ CPI is lower than forecast, creating the premise for the FED to cut interest rates early in September but FED officials have a different perspective - Notable points in the FED meeting in June 2024
+ Following Mr. Trump, President Biden considers accepting campaign donations in crypto
+ Chinese President Xi Jinping praises the science professor of Conflux blockchain (CFX)
+ Terraform Labs agrees to pay $4.5 billion to the SEC - the largest fine in Crypto history
+ Curve founder is liquidated again $140M CRV when this coin falls below $0.295
+ Aethir Airdrop - The claim portal is open, gas is cheap, AE has can be submitted to Bybit & OKX for sale
+ AI Arena game announces Airdrop results
+ Layer3 community platform raises $15M from ParaFi and Greenfield Capital, 5% of total supply will be airdropped to early users
+ Telegram tap-to-earn game Pixelverse raises $5.5M from Delphi Ventures, Merit Circle,...
#TopCoinsJune2024 #binance #bnb #btc #Web3 #GiangNG
💯💯BINANCE WOTD💯💯
🔸Theme: Binance World Championship
🔸Activity Period: 2024-06-10 to 2024-06-16
✅3 - BNB, BTC
✅4 - EARN, FIAT, COPY, SPOT
✅5 - TRADE, REFER, PRIZE
✅6 - UNLOCK, LEGACY
✅7 - FUTURES, CONVERT, REWARDS
✅8 - COMPLETE, CHAMPION
#TopCoinsJune2024 #binance #bitcoin #Web3 #GiangNG
🔸Theme: Binance World Championship
🔸Activity Period: 2024-06-10 to 2024-06-16
✅3 - BNB, BTC
✅4 - EARN, FIAT, COPY, SPOT
✅5 - TRADE, REFER, PRIZE
✅6 - UNLOCK, LEGACY
✅7 - FUTURES, CONVERT, REWARDS
✅8 - COMPLETE, CHAMPION
#TopCoinsJune2024 #binance #bitcoin #Web3 #GiangNG
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🔥 There is information that President Joe Biden's election campaign is in discussion
about accepting Crypto donations through Coinbase Commerce.
This action repeats what Mr. Trump did 1 month ago to attract voters to Crypto fans 👀
#TopCoinsJune2024 #binance #bitcoin #Web3 #GiangNG
about accepting Crypto donations through Coinbase Commerce.
This action repeats what Mr. Trump did 1 month ago to attract voters to Crypto fans 👀
#TopCoinsJune2024 #binance #bitcoin #Web3 #GiangNG
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Breaking neww ⚡️⚡️⚡️⚡️⚡️⚡️
SUMMARY OF FED DECISION JUNE 2024
1. FED keeps interest rates unchanged from 5.25% - 5.5%, the 7th consecutive time since the September 2023 meeting
2. The median forecast suggests only 1 rate cut in 2024, down from 3 in the March 2024 meeting 🦅
- There are 8 out of 19 FED officials who want to reduce interest rates twice this year
- There are 7 out of 19 officials who want to reduce interest rates just once this year
- And the remaining 4 officials want to maintain the current interest rate, increasing from level 2 at the March 2024 meeting.
3. Most agree that there will be a drastic reduction in interest rates in 2025. There are 5 cuts, a total of 1.25%, bringing interest rates to around 4.1% in 2025 (One less time than predicted in March to decrease 6 times, bringing interest rates to around 3.9% in 2025)
4. Raise forecasts for both core PCE and overall PCE inflation in 2024 from 2.6% to 2.8% and 2.4% to 2.6%, respectively -> Fed is not confident about the process of reducing inflation!
5. The FED said inflation "has cooled down but remains high" and the positive news is that the FED commented that the inflation reduction roadmap has made "modest progress", instead of "lack of progress" compared to comments. before
6. Unemployment rate is expected to remain around 4% in 2024 (Stay the same as currently) and may only increase to 4.2% in 2025
7. GDP growth forecast remains at +2.1% in 2024 as at the previous meeting. Both unemployment and GDP forecasts rule out the possibility of a hard landing by the FED 👍
In short, the FED was much MORE hawkish on interest rates compared to the March meeting, but this was not too surprising and still within market expectations.
#binance #btc #Web3 #TopCoinsJune2024 #GiangNG
SUMMARY OF FED DECISION JUNE 2024
1. FED keeps interest rates unchanged from 5.25% - 5.5%, the 7th consecutive time since the September 2023 meeting
2. The median forecast suggests only 1 rate cut in 2024, down from 3 in the March 2024 meeting 🦅
- There are 8 out of 19 FED officials who want to reduce interest rates twice this year
- There are 7 out of 19 officials who want to reduce interest rates just once this year
- And the remaining 4 officials want to maintain the current interest rate, increasing from level 2 at the March 2024 meeting.
3. Most agree that there will be a drastic reduction in interest rates in 2025. There are 5 cuts, a total of 1.25%, bringing interest rates to around 4.1% in 2025 (One less time than predicted in March to decrease 6 times, bringing interest rates to around 3.9% in 2025)
4. Raise forecasts for both core PCE and overall PCE inflation in 2024 from 2.6% to 2.8% and 2.4% to 2.6%, respectively -> Fed is not confident about the process of reducing inflation!
5. The FED said inflation "has cooled down but remains high" and the positive news is that the FED commented that the inflation reduction roadmap has made "modest progress", instead of "lack of progress" compared to comments. before
6. Unemployment rate is expected to remain around 4% in 2024 (Stay the same as currently) and may only increase to 4.2% in 2025
7. GDP growth forecast remains at +2.1% in 2024 as at the previous meeting. Both unemployment and GDP forecasts rule out the possibility of a hard landing by the FED 👍
In short, the FED was much MORE hawkish on interest rates compared to the March meeting, but this was not too surprising and still within market expectations.
#binance #btc #Web3 #TopCoinsJune2024 #GiangNG
See original
Breaking newww 🆘🆘🆘
FED decided to keep interest rates unchanged from 5.25% - 5.5%, exactly as forecast$
FED decided to keep interest rates unchanged from 5.25% - 5.5%, exactly as forecast$
See original
SUMMARY OF FED CHAIRMAN POWELL'S STATEMENT June 2024:
1. The decrease in inflation today is very good, but the FED is still not more confident about inflation to cut interest rates
2. If the economy remains stable and inflation continues, the Fed is willing to keep interest rates unchanged
3. Fed reaffirms long-term inflation target of 2%
4. FED says unemployment rate remains low - Strong immigration pace has boosted labor market growth
5. Even the FED is not too confident in its forecasts 🥴 The FED will act based on data
Luckily, last night's CPI news was good so the market wasn't too shocked by today's rather hawkish meeting!
#TopCoinsJune2024 #binance #bitcoin #Web3 #GiangNG
1. The decrease in inflation today is very good, but the FED is still not more confident about inflation to cut interest rates
2. If the economy remains stable and inflation continues, the Fed is willing to keep interest rates unchanged
3. Fed reaffirms long-term inflation target of 2%
4. FED says unemployment rate remains low - Strong immigration pace has boosted labor market growth
5. Even the FED is not too confident in its forecasts 🥴 The FED will act based on data
Luckily, last night's CPI news was good so the market wasn't too shocked by today's rather hawkish meeting!
#TopCoinsJune2024 #binance #bitcoin #Web3 #GiangNG
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