Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.Â
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).Â
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.Â
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.Â
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This 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 for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.Â
Anticipated Net Outflow of 270 BTC From ETF Custody Addresses After US Stock Market Opens
According to BlockBeats, on April 10th, an estimated net outflow of approximately 270 BTC from ETF custody addresses is expected after the opening of the US stock market. This prediction is based on the monitoring of on-chain data by analyst Yu Jin.
The outflow is primarily from Grayscale (GBTC), which is expected to see an outflow of about 2,245 BTC, equivalent to a capital outflow of $154 million on April 9th. On the other hand, the remaining ten ETFs are expected to see an inflow of approximately 1,975 BTC, equivalent to a capital inflow of $136 million on April 9th.
The main inflow is expected to be from BlackRock (IBIT), with an inflow of 1,865 BTC, approximately equivalent to $128 million. Currently, the ten BTC spot ETFs collectively hold 839,112 BTC, approximately equivalent to $57.89 billion.
BNB Surpasses 590 USDT with a 1.90% Increase in 24 Hours
On Apr 10, 2024, 09:28 AM(UTC). According to Binance Market Data, BNB has crossed the 590 USDT benchmark and is now trading at 591.400024 USDT, with a 1.90% increase in 24 hours.
Ethereum(ETH) Drops Below 3,500 USDT with a 3.57% Decrease in 24 Hours
On Apr 10, 2024, 10:19 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,500 USDT and is now trading at 3,496.600098 USDT, with a 3.57% decrease in 24 hours.
Bitcoin Drops Below $70,000 As Altcoins Also Experience Decline
According to CryptoPotato, Bitcoin's recent surge in value has experienced a setback, with the cryptocurrency falling below $70,000 and even dipping under $69,000 in the last 24 hours. Other cryptocurrencies, known as altcoins, have also seen a decrease in value, with significant price drops from BCH, DOT, DOGE, ICP, RNDR, WIF, and APT.
Last week, Bitcoin saw a substantial price drop, reaching a multi-day low of $64,500. However, the bulls intervened, resulting in a $5,000 surge on Thursday. After a correction the following day, Bitcoin began to regain value over the weekend, increasing back to $69,000. Despite overcoming the $70,000 level on Monday and reaching a four-week high of over $72,500, Bitcoin began to lose value gradually. The early morning Asian trading session today saw another decline, pushing Bitcoin to under $68,500.
Currently, Bitcoin is trading around $69,000. Its market capitalization has fallen to $1.360 trillion, and its dominance over other cryptocurrencies stands at just over 50%.
Apart from BNB, TON, and XRP, most other larger-cap altcoins are in the red today. These three have seen gains between 1-3%, while ETH has dropped by 2.5%, and SOL has lost 1.5% of its value, similar to AVAX and SHIB. More significant losses have been seen from DOGE (-3%), ADA (-3%), DOT (-3%), and BCH (-6%). The most notable price declines are from WIF (-11%), APT (-11%), RNDR (-6.5%), ICP (-6.5%), STX (-5%), and NEAR (-5.3%).
As a result, the cumulative market cap of all cryptocurrencies has lost over $40 billion in a day and more than $80 billion since Monday's peak.
First Digital Expands FDUSD Token to Sui, Market Value Around $3 Billion
According to Foresight News, First Digital, a digital asset custody institution under Hong Kong financial services company Legacy Trust, has announced its plans to expand its FDUSD token to Sui. The current market value of FDUSD is approximately $3 billion.
The FDUSD token is issued in accordance with Hong Kong's digital asset rules. It is backed by US Treasury bonds and bank deposits to maintain its price anchored at $1. The expansion of the FDUSD token to Sui is a significant move for First Digital and the broader digital asset market.
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