Binance Adds Metis (METIS) on Earn, Convert & Margin
Fellow Binancians, Binance is excited to announce that Metis (METIS) has been added to Binance Simple Earn and Binance Convert. In addition, Binance will add METIS on Binance Margin and Binance Auto-Invest at 2024-03-11 15:00 (UTC) and 2024-03-13 03:00 (UTC) respectively. Earn Users can now subscribe to METIS Flexible Products on Binance Simple Earn. From 2024-03-13 at 03:00 (UTC), users may purchase METIS using any of the payment options supported on Binance Auto-Invest. Convert Users can now trade METIS against BTC, USDT and any other tokens supported by Binance Convert at zero fees. Margin Binance Margin will add METIS as a new borrowable asset on Cross and Isolated Margin, as well as the METIS/USDT pair on Cross and Isolated Margin at 2024-03-11 15:00 (UTC). Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates. Guides & Related Materials: How to Use Binance ConvertHow to Use Short on Margin Trading How to Use Long on Margin TradingHow to Use Auto-Invest Note: 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. Thank you for your support! Binance Team 2024-03-11
#BinanceWish #MyBinanceWish I wish to break free from the traditional matrix of two decades of structured schooling. As a programmer with a vision, my aspiration is to dive into the dynamic and evolving world of DeFi, cryptocurrency, and Web3. The constraints of financial situations have tethered me to a conventional path, spending precious years in pursuit of a university degree. These years, dedicated to securing a certificate and gaining job experience, have been a journey of learning. I recognize that the path I've followed so far is a disaster - studying hard to land a job, working under someone else's direction, and earning just enough to get by. But if this wish came true I 'will be ready to forge a new path. I want to use my skills and passion to explore the frontiers of technology, where I can be a part of something groundbreaking, contributing to innovations that redefine our interactions with finance and the internet. This is more than just a wish to change careers; it's a desire to be at the forefront of a technological revolution. In the realm of DeFi and Web3, I see endless possibilities – not just for personal growth but for contributing to a world where technology creates new opportunities and democratizes finance. I think there are many other like me who can agree with me. I'm not just seeking a change I'm embracing a journey towards empowerment, innovation, and financial freedom.
Binance Futures Will Launch USDⓈ-M SNT Perpetual Contract With Up to 50x Leverage
Fellow Binancians, Binance Futures will launch the USDⓈ-M SNT Perpetual Contract at 2023-11-02 12:30 (UTC), with up to 50x leverage. More details on the USDⓈ-M SNT Perpetual Contract can be found in the table below: USDⓈ-M Perpetual ContractSNTUSDTLaunch Time 2023-11-02 12:30 (UTC) Underlying AssetSNTSettlement AssetUSDTTick Size0.00001Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage50xTrading Hours24/7Multi-Assets ModeSupported Please Note: The maximum funding rate of the SNTUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours. TimeMax Funding Rate2023-11-02 16:00 (UTC)+2.00% / -2.00%2023-11-02 20:00 (UTC)+2.00% / -2.00%2023-11-03 00:00 (UTC)+2.00% / -2.00%2023-11-03 04:00 (UTC)+2.00% / -2.00%…… Based on market risk conditions, Binance may adjust the specifications of the SNTUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.Multi-Assets Mode allows users to trade the SNTUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the SNTUSDT Perpetual Contract. The SNTUSDT Perpetual Contract is subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. Further Information: Trading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts Binance Futures Fee StructureHow to Select Trading PairsFunding Rate HistoryMark Price and Price IndexMulti-Assets Mode Thanks for your support! Binance Team 2023-11-02
#BinanceHalloween My journey. January night in 2021, I embarked on a journey into the cryptic realm of Solana The moon cast an eerie glow on the market, as Solana's token, known as SOL, stood at a mere $1, seemingly lost in the shadows of its more prominent crypto cousins.
The gaming industry had become a cauldron of excitement, with NFTs bubbling to the surface on the Solana network. A spooky excitement coursed through the community as more than 350 projects emerged, like specters, bringing hope and a sense of unworldly wealth.
I watched in awe as Solana's price soared, like a ghostly apparition, from the depths of a dollar to the towering summit of $260 by November 2021. It was a thrilling ride through the haunted halls of crypto, with riches just beyond my grasp. The allure of the NFT launches and the whispering promises of Solana's future lured me further into this ghostly domain. But Just like Ethereum, Solana had no supply cap. As the days grew shorter, several top NFT projects, such as DeGods and Y00ts, announced their migration to Ethereum. The trading volume on Solana-based projects dwindled like a dying flame, plunging the market into a deep, unrelenting darkness. The ominous clouds of misfortune gathered over Solana, and in a blink, over $50 billion of its market cap vanished into thin air, a 96% fall in value that sent shudders down my spine. Solana had become a target for malevolent forces, experiencing countless hacking events that drained the wallets of innocent users. DDoS attacks struck the network like a relentless storm, causing it to collapse, leaving its users in a state of despair. Only with great effort could the network be resurrected, and the scars of these attacks still haunt the memory of that fateful time.
And as Halloween approaches, I share this harrowing tale of my venture into the cryptic world of Solana. It serves as a reminder that in the world of cryptocurrencies, where riches and terrors reside side by side, one must tread with caution, for the ghosts of the market can rise to haunt you.
Trade $50 on Binance Spot to Grab a Share of 5,000 USDT in Token Vouchers! (2023-10-23)
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Spot is launching a promotion for all new users, as well as existing regular and VIP 1-3 users who have not traded on Binance Spot in the past 90 days. A total of 5,000 USDT in token vouchers is available in this promotion. Register for the Promotion Now! Promotion Period: 2023-10-23 12:00 (UTC) - 2023-11-06 11:59 (UTC) The first 1,000 eligible users who confirm their participation and trade at least $50 equivalent on Binance Spot, will qualify to each receive 5 USDT in token vouchers. Guides & Related Materials: How to Spot Trade (App/Web) Terms & Conditions: Only verified new users, as well as existing regular and VIP 1-3 users who have not traded on Binance Spot in the past 90 days, will be eligible to participate in this promotion. Trading volumes on all USD stablecoin-to-stablecoin pairs and the BTC/FDUSD pair will not count toward the trading volume requirement in this promotion.This promotion is only available to eligible users who are enabled for Binance Spot trading, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Spot trading services in each country from which the services are accessed.Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of Binance Spot trading services from time to time in its sole discretion at any time without notification.To qualify for rewards, eligible users need to click on the "Join Now" button at the promotion page and accumulate a total trading volume of at least $50 equivalent on Binance Spot during the Promotion Period.Token voucher rewards will be distributed to eligible users within 14 working days after the end of the Promotion Period. Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. Token voucher rewards will expire within two weeks after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a token voucher.Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.Binance reserves the right to disqualify trades that are deemed to be prohibited trading activities, including but not limited to, churning, pump-and-dump schemes, ramping, wash trading and other market manipulation aimed at creating a false representation of price and/or quantity, illegal bulk account registrations, self-dealing, etc.Binance reserves the right at any time in its sole and absolute discretion to terminate, and/or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this promotion, and changing the eligibility terms and criteria, the selection and number of winners, and/or the timing of any act to be done, and all participants shall be bound by any such amendments. Additional promotion terms and conditions can be accessed here.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. Thanks for your support! Binance Team 2023-10-23
Elon Musk's net worth took a hit, dropping a staggering $16.1 billion in a single day, while seven of the world's top ten richest individuals also saw decreases in their net worth. Musk's wealth now stands at $210 billion. In contrast, Mukesh Ambani's net worth experienced a dip of $6.43 billion, leaving him with $85.9 billion. Gautam Adani's fortune, on the other hand, increased by $1 billion, reaching $61.2 billion. Musk's electric car company, Tesla, now ranks ninth among the world's most valuable companies, with a market cap of $698.62 billion.
Binance to Delist and Cease Redemption for the following tokens:
ADAUP and ADADOWN Leveraged Tokens
🔸This is a general announcement. Products and services referred to here may not be available in your region.
🔸Binance will delist and cease redemption for ADAUP and ADADOWN leveraged tokens at 2023-11-01 06:00 (UTC).
NOTES:
🔹Users are advised to redeem ADAUP and ADADOWN leveraged tokens via the wallet function or the Leverage Tokens page before the delisting.
🔹If users are still holding the aforementioned leveraged tokens after the delisting time, Binance will convert the tokens to USDT based on their respective net asset value (NAV) at the time of delisting, and will distribute the USDT tokens to users’ accounts within 24 hours.
🔹After the distribution is complete, ADAUP and ADADOWN leveraged token assets will be removed from the wallet.
How much is XRP worth? Today’s XRP price is $0.4866 with a 24-hour trading volume of $792,276,043. XRP is down 2.02% in the last 24 hours. The current CoinMarketCap ranking is #5, with a live market cap of $25,976,990,094 USD. It has a circulating supply of 53,387,299,665 XRP coins and a max. supply of 100,000,000,000 XRP coins. XRP Technical analysis: Declining trend aggravates as coin value falls below $0.483 margin TL;DR Breakdown XRP price analysis predicts a bearish trend.Coin value has dropped to $0.483 today.Support at $0.486 has been breached. The one-day and four-hour XRP price analysis for 11 October 2023 is predicting a strong bearish trend for the cryptocurrency today. The price has been following a descending movement since the past week, as a downsweep has taken over the market. Even today, a rise in selling momentum was observed as XRP/USD value decreased to $0.483 low. It seems that further loss for cryptocurrency is on the way, if the sellers remain persistent with their efforts. XRP price analysis on a daily timeframe: Downward swing continues as XRP devalues to $0.483 The recent one-day XRP price analysis shows signs of intensifying downtrend for the day. The past week proved extremely detrimental with respect to cryptocurrency’s growth, as the bears remained on the dominating end. Similarly, a further devaluation in XRP/USD was recorded in the past 24-hours, as the coin value receded to $0.483. Moreover, its Moving Average (MA) value has deteriorated to $0.516 because of the constant drop in price this week.
The one-day price chart shows an increasing volatility, which is a bearish indication regarding the approaching market trends. As a result of the increase in volatility, the upper value of the Bollinger bands indicator has shifted to $0.539 high. Whereas its lower value has changed to $0.486 at the time of writing. The Relative Strength Index (RSI) indicator is confirming the ongoing bearish slide. Its overall value sunk to 37.1 during the day, and further collapse is possible. XRP price analysis on the 4-hour chart: Chances of mild recovery resurface as bulls strike back The four-hour XRP price analysis is hinting at a bullish recovery, as an increase in coin value can be observed. The past four hours remained favorable for the cryptocurrency buyers, as the price underwent recovery after an earlier decline. The latest upturn in price has rescued the coin value up to $0.483, which is an encouraging situation for the bulls. On the other side, the Moving Average value decreased down to $0.491 because of the previous downside.
The area between the Bollinger bands is expanding vigorously, which is a negative hint regarding the upcoming hours. The upper extreme of the Bollinger bands indicator is now present at $0.524 end, while its lower extreme is situated at $0.478. Furthermore, the RSI value is still present in the underbought region i.e. 27.41. A subtle improvement in its value has been detected because of the unexpected bullish recovery. What to Expect from XRP Price Analysis The one-day and four-hour Ripple price analysis is indicating a decreasing trend for the cryptocurrency. The situation remained favorable for the sellers once again, as the bearish swing has demoted XRP/USD value to $0.483 today. On the contrary, the price followed a bullish movement in the last four hours, creating an encouraging scenario for the buyers. Recent News/Opinions on the Ripple Network Ripple receives notable recognition in PAY360 Awards. Ripple has unlocked its new achievement, as it has been awarded the most eminent award in the PAY 360 ceremony. This is a great accomplishment for the crypto firm, as it has been recognized as conducting the best utilization of online currencies. The ceremony acknowledged Ripple as the best among other block chain services providers and asset holder. The achievement grants Ripple the opportunity to join hands with 250,000 professionals to explore further marketing strategies and promotions. Ripple has been securing back to back wins, whether in professional sphere or legal grounds; PAY 360 is the latest addition to its assets. Ripple backs out from Fortress Trust acquisition as a change of decision. Ripple has immediately called off its Fortress Trust contract, in a dramatic scheme of events. The news came after the shortest interval, as the deal has remained intact only for less than a month. The crypto firm suggested internal misalignments and disagreements for the reason of an immediate call off. Ripple has chosen to continue with the investments, and ensuing partnership with the firm. The news surfaced right after a hacking incident, whereby Fortress Trust customers had to face $15 million worth of losses in the breach. XRP to unlock new achievement: 5 million accounts almost surpassed. The cryptocurrency exchange XRP has surpassed a new milestone, by holding almost 5 million accounts. The current number of accounts held by XRP are 4.98 million, and it is expected that the count will increase to 5 million soon. These accounts carry almost 56.68% of its overall token worth, which is a huge proportion. An interesting fact about these accounts is that most of the investors are active participants in Ripple trading, with a very few percentage with zero balance. The count is to multiply further, and will soon surpass 5 million, as XRP has won its legal battle and has regained the trust of investors and collaborators. New: Millions of worth transactions carried out by Ripple. According to the latest update, Ripple has transferred about 30 million XRP coins to Bitstamp once again. Similar heavy transactions have been carried out over the period of the past few weeks as well. Ripple has initiated four similar transactions with the trading platform Bitstamp, transferring almost 120 million tokens to the firm. The latest tweet by Whale Alert suggests that the exchange was carried out by Ripple labs, which is a crypto network based in San Francisco. David Schwartz unveils favorite feature of XRPL. The chief technology officer (CTO) of Ripple labs has officially revealed his favorite feature in XRPL. In his latest tweet, he has mentioned XLS-30, which is the Automated Market Maker (AMM) to be his personally preferable feature. This native protocol has been considered the best by Schwartz, which is now available for amendments on the basis of online voting as revealed by RippleXDev X update. AMM is capable of holding stable liquidity, without any chances of loss and is currently holding many intriguing innovations and NFTs on board. Ripple files case against GCC exchange. Ripple has launched a lawsuit against the renowned entity GCC which offers money transfer and foreign exchange services. Ripple Singapore has sought this legal battle to recover $14.9 million worth of assets. A Singapore franchise executed this transfer, whereupon GCC failed to pay the due amount at the time of transaction. GCC has failed to pay for a total of 40,000 XRP units after transacting it under an official deal. SEC v/s Ripple: Court denies SEC’s interpretations of Ripple assets. Ripple’s lawyer, Bill Morgan has expressed relief on the court’s dismissal of SEC interpretations. The Judge has approved BTC and ETH status as commodities. Morgan is hoping for an opportunistic decision, reaffirming Torres’s verdict regarding XRP being non security. The latest court decision has highlighted that the ongoing contracts are lawful, dealing with ETH and BTC trade. XRP lawsuit update: Two more SEC attorneys back out. Two more US attorneys have withdrawn themselves from the SEC lawsuit. Previously, one US SEC attorney, Guerrier had deliberately exited the case, and the latest update shows an increase in the number. Robert MacDonald Moye and Richard Best have requested for withdrawal, whilst Best has been granted the permission on immediate basis. Speculations suggest that the SEC lawyers are backing out from the case in apprehension of legal defeat. Ripple and Stellar announce conjoined paths as part of SWIFT. The tokens have announced an alliance to boost up cross-border transactions. By collaborating with SWIFT, crypto giants are rebelling against the traditional modes of transactions. By adopting SWIFT payment services, the crypto exchanges will be able to accelerate cross-border exchanges as an alternative to conventional methods of transaction. The journey is only going to advance further as both exchanges gear up to join central bank digital currencies (CBDCs) in the near future. Ripple CEO and Executive Chairman record opposition to SEC’s interlocutory appeal. Brad Garlinghouse and Chris Larsen have filed an opposition to SEC’s new appeal claiming that the court’s verdict should not be questioned based upon its sanctity. The executives have termed this appeal as an effort to threaten the opposition party. SEC’s hope for another litigation strategy in the near future has been questioned by Ripples’ followers. SEC lawsuit update: notable giants are now on board as amici. The latest update in the SEC and Coinbase case shows that a series of big names and organizations are now joining to support the crypto exchange. Multiple organizations including the Blockchain association, the Chamber of progress etc. as well as six notable professors have deposited their amiscus files. Paul Grewal has expressed gratitude for this support as well, and is looking forward to the court’s stance on the matter of SEC legal drawbacks. Ripple strikes through, hitting a $50 milestone on Gemini after getting incorporated in its assets. The token has been enlisted on Gemini after its partial victory in the SEC case. Crypto experts are rendering price glitch as the reason behind the latest $50 hike. According to crypto analyst John. S, XRP spiked on the frame as a trader put $50 XRP assets on sale which shows slim liquidity. Nevertheless, Ripple’s value has almost crossed the $0.6357 threshold on Gemini exchange after rewinning support in the cryptoworld. SEC to charge appeal against Judge’s verdict in Ripple case. SEC has posed an interlocutory appeal to avoid separate trials for both the government and the SEC itself. This appeal has been charged against last month’s ruling, whereby Ripple’s sales to retail partners and investors was deemed legal. As a consequence to the latest appeal, Ripple is expected to submit an official response by the 16th of August. CoinGecko’s enlistment omits Ripple’s XRP, to reaffirm its disassociation from being a non-security coin. CoinGecko launched its list of coins on August 8. 2023, which features a list of 48 tokens. Majority of these tokens are facing SEC lawsuits against the bigger giants including Coinbase as well as Binance. XRP’s omission is based upon Judge Torres’s recent verdict w.r.t XRP being labeled as a non-security. David Schwartz, the STO, however gives back a humorous response with regards to XRP’s exclusion by CoinGecko. Ripple’s collab with EatLearnPlay earns Beyond the Check award. This collaboration has helped actively transform Oakland’s young minds through philanthropic means towards a better future. Ripple has been enlisted in the San Francisco Business Times amongst its top 100 high achieving philanthropy list. Ripple pays acknowledgement to nonprofit organizations like EatLearnPlay by Steph Curry for their impactful partnership with the exchange. Ripple announces partnership with BlackRock and JP Morgan to expand its ventures as a new member of the ISDA. This can help recover great highs for Ripple, as this enterprise might welcome other financial giants including Goldman Sach and Citigroup in the near future. This deal might trigger opportunities on a larger scale, flowering chances for bigger names to go for a convenient adoption for flagship crypto. The Republic of Palau and Ripple have transitioned to Blockchain from Island Paradise as the next step towards the better future of digital currency and an improvement of financial security for the citizens of Palau. This program is expected to incorporate the involvement of more than 200 government employees, local businesses and investors. Ripple CBDC platform will help banks to issue digital currency with the aid of their government. The stable coin will be launched on the XRPL with the USD reserve on 1:1 at present. Ripple announces affiliation with International Swaps and Derivatives Association, a renowned trade organization. This corporation allows multiple bodies for example; investors, traders and cryptocurrency labs to interact. Now Ripple is a part of more than 1000 institutions from adjoining nations as it forges alliance with ISDA. Bitstamp, a major crypto exchange, announced a permanent 2% APY boost on lending XRP to attract users looking to earn yield on their crypto. The lending will be limited to reputable institutions after rigorous risk assessments through their partnership with Tesseract. Ripple Labs Inc has unveiled its Q2 performance report, shedding light on its XRP holdings and the release of over one billion XRP tokens from on-ledger escrow during the quarter. The company released over one billion XRP tokens from on-ledger escrow, reducing the total escrow-bound XRP to 41,900,000,005 from 42,800,000,013 in Q1. However, the company’s overall XRP holdings increased slightly, reaching 5,551,119,094 compared to 5,506,585,918 at the end of Q1. Ripple recently partnered with Faster Payments Council and released a white paper outlining their plans to revolutionize global money movement using crypto. The paper highlights dissatisfaction among payment industry leaders with traditional cross-border payment systems and emphasizes how the crypto and blockchain industry can transform payment technologies worldwide. Ripple announced partnership with the Republic of Palau to launch the Palau Stablecoin (PSC), a digital currency prototype backed by the U.S. Dollar on the XRP Ledger. The introduction of PSC has the potential to revolutionize transactions for goods and services in Palau, with the initial phase involving voluntary usage by government employees at designated local businesses. Ripple’s Chief Legal Officer, Stuart Alderoty, emphasizes the company’s preparedness amid the possibility of an SEC appeal. The Ripple case ruling determined that selling XRP to retail investors on exchanges did not breach the SEC’s guidelines, but sales directly to institutional investors were deemed as violative. This outcome was widely regarded as a significant victory for the cryptocurrency sector. The SEC plans to appeal the recent ruling in the landmark crypto case where U.S. District Judge Analisa Torres sided with Ripple Labs, stating that about half of its XRP cryptocurrency sales did not violate investor-protection laws. This decision has provided hope to other defendants battling the SEC over their cryptocurrency sales, as the agency claims they are illegal securities offerings. Ripple has announced a promising partnership with Super How, a blockchain tech research lab based in Lithuania, to collaborate on the Axiology project. This venture aims to test and facilitate the issuance of various cryptocurrencies, including Central Bank Digital Currencies (CBDCs) and stablecoins, while also fostering confidence among regulators regarding the safe usage of these emerging digital assets. Axiology itself serves as an advanced infrastructure system designed to trade and settle tokenized securities, creating an environment where multiple layers of the current capital market infrastructure coexist harmoniously on a single technological layer. This innovative approach seeks to enhance efficiency, introduce new business models, and revolutionize the traditional financial ecosystem. Ripple CLO foresees potential adoption of XRP by U.S. banks following court ruling. Ripple’s Chief Legal Officer, Stu Alderoty, suggests that the recent court ruling could lead U.S. banks to consider adopting XRP for cross-border transactions. He believes the ruling may encourage banks to engage in conversations and potentially establish partnerships with Ripple, now that the “security” label is no longer an issue. The court decision could breathe new life into Ripple’s collaborations with financial institutions affected by the SEC lawsuit. Tech billionaire Elon Musk praised The All-In Podcast, which covered Ripple’s recent win against the SEC in court, by tweeting “Good podcast” on his personal page. Ripple’s legal victory has been significant news, boosting XRP’s price by over 80% and giving hope to the crypto space that the SEC’s power over U.S. crypto companies and tokens may be limited in the future. Ripple CTO’s Explanation on Investor Lockups Spurs Excitement in XRP Community. Ripple’s CTO, David Schwartz, recently shared an old post outlining key points of Ripple’s vision. In the post, Schwartz revealed that investor lockups involving XRP had been abandoned due to their ineffectiveness. This revelation showcases Ripple’s adaptability and willingness to explore new approaches. You can read more about it here. John Deaton, a legal expert representing XRP holders, seeks Elon Musk’s help in tackling a surge of fraudulent accounts related to Ripple and XRP on Twitter. Despite Musk’s previous vows to combat bots on the platform, the imposters persist, causing widespread frustration. Deaton’s plea to Musk aims to leverage the billionaire entrepreneur’s influence and expertise to put an end to this online menace, leaving users wondering if Musk will respond and succeed in vanquishing the persistent bots. As experts weigh in on Ripple’s victory and potential SEC appeal, former SEC regional director and attorney, Marc Fagel, warns that Ripple and XRP’s recent triumph may be temporary if the case goes to the Second Circuit Court. He points out the discrepancy between contract law and securities law perspectives, comparing the treatment of investment contracts to other assets like stocks. Fagel believes the Second Circuit Court may overturn the current decision due to this inconsistency. But here comes another school of thought, Haun Ventures CEO suggests that the SEC is unlikely to appeal as the agency benefits from the current confusion surrounding regulations. According to a recent statement made by the CEO of Ripple, there has been widespread enthusiasm and excitement in the industry regarding the outcome of XRP crypto case. He mentioned that this particular case marked the first instance where the SEC was unsuccessful in a legal battle involving cryptocurrency. Additionally, the CEO referred to the SEC as being perceived as a bully. Breaking: Partial victory for Ripple Labs against SEC case Judge Analisa Torres made a decision in favor of Ripple Labs in a case against the Securities and Exchange Commission (SEC), giving them a partial victory. The Ripple token, XRP, was found by the court to not be a security when traded on digital asset exchanges but to be one when offered to institutional investors. Despite this triumph, the SEC still prevailed by defining the requirements for XRP to be considered a security. The lawsuit sought to impose legal limitations on Ripple’s XRP distribution. In just one day, the price of XRP has increased by an astonishing 96%. XRP investor class granted lawsuit certification against Ripple and it’s CEO The XRP investor class was granted certification on June 30 by Judge Hamilton of the U.S. District Court for the Northern District of California, enabling them to continue their legal action against Ripple, CEO Brad Garlinghouse, and subsidiary XRP II. This ruling is a key development in the Zakinov v. Ripple Labs case, which centers on accusations that Ripple engaged in a plan to raise a sizable sum of money by selling XRP to individual investors. Bloomberg Law reports that despite the company’s objection, the court found that the class satisfied all four criteria for certification. Ripple unlocks 1B XRP from escrow, impact on price?Ripple Labs Inc recently released one billion XRP coins from escrow across three transactions, strategically maintaining liquidity. The gradual monthly release of tokens since 2017 aims to avoid devaluation, with a total of one billion tokens expected to be released each month over a 55-month period. The scheduled completion of this plan is set for December 2023. XRP surpasses Bitcoin as top asset on South Korea’s Bithumb exchang. A significantly good news is that, XRP emerges as the dominant asset on Bithumb, South Korea’s prominent crypto exchange, surpassing even Bitcoin in trading volume. The XRP/KRW trading pair claims a significant share of 17.85% in total volumes, amounting to an impressive $30,818,226, solidifying its position as the most traded asset on the platform, outpacing Bitcoin (BTC). The Hong Kong Virtual Assets Consortium (HKVAC), a reputable rating agency, has published its latest virtual asset index. This comprehensive index evaluates the dependability of 30 crypto assets, including XRP, by considering their market capitalization. The release of this index offers valuable insights into the assessment of crypto assets and exchanges, providing investors with a reliable benchmark. Ripple CTO Clears Air on Buyback RumorsDavid Schwartz, Ripple’s Chief Technology Officer (CTO), has responded to the recent speculation circulating about Ripple’s purported intention to repurchase 10 billion XRP tokens. In a tweet, Schwartz provided clarification regarding the matter, putting an end to the rumors. Singapore regulators grant Ripple an in-principle license for payments, allowing regulated digital asset services and facilitating customer use of #ODL. Tweet confirms the development. While addressing the recent series of events, Ripple’s CEO, Brad Garlinghouse, turned to Twitter, sharing a video that encapsulated his thoughts. The release of the Hinman documents stood out as a significant topic in Garlinghouse’s discourse. Among the XRP community, Garlinghouse’s assertion, “as our case comes to a close, the fight for clarity has to continue,” garnered considerable attention. Alongside the video, Garlinghouse tweeted about his venture into something new, noting that this video format was a deviation from his usual practices. An exciting partnership between Ripple and Colombia’s central bank has been unfolded, highlighting their shared vision of exploring blockchain technology’s potential. Through an extensive pilot program scheduled for the entirety of 2023, the collaboration aims to showcase the tangible benefits of blockchain to the broader audience. Overseeing this initiative is Colombia’s Ministry of Information and Communications Technologies, while Ripple’s cutting-edge central bank digital currency (CBDC) platform will serve as the foundation for this joint endeavor. The unsealing of the long-awaited Hinman documents led to a surge in the price of XRP, reflecting market optimism regarding Ripple’s legal battle with the SEC. However, the initial price increase was short-lived as the XRP price reversed its gains shortly after. The market’s response indicates ongoing volatility and uncertainty surrounding the outcome of the legal proceedings. The University of Toronto, Canada’s largest university, partners with Ripple to establish an independent XRP ledger validator, focused on processing payments and supporting the crypto industry’s future. This collaboration is part of Ripple’s University Blockchain Research Initiative (UBRI) in Canada, involving an investment of over $2 million in leading universities and colleges over five years. The initiative aims to foster innovation and research within the blockchain space, contributing to the development of the next generation of the crypto industry. In a series of tweets on June 9, lawyer James Murphy, also known as “MetaLawMan” on Twitter, highlighted the potential impact of a favorable outcome for Ripple. He suggested that such an outcome could undermine the SEC’s case against cryptocurrency exchanges Coinbase and Binance. However, Murphy cautioned against excessive excitement, emphasizing that a ruling by Judge Torres in the Ripple case would not serve as a binding precedent for these recent filings. The XRP Ledger has achieved a significant milestone in its quest to surpass Ethereum. XPPL Labs confirms the successful security audit of the Hooks amendment, enabling expanded services for users. Wietse Wind highlights the importance of Hooks in connecting XRPL and Ethereum, empowering transactions with enhanced intelligence and convenience through customizable logic and automation. A lawsuit was filed against the XRP in late 2020, by the U.S. Securities and Exchange Commission (SEC), alleging that the company had unlawfully sold $1.3 billion worth of unregistered securities through its XRP cryptocurrency. Ripple’s chief executive, Brad Garlinghouse, expressed confidence that the case would be resolved expeditiously, stating that it would conclude in “weeks, not months.” This optimistic outlook has had a positive impact on XRP’s price, with a 10% increase observed in the past week, while Bitcoin’s price declined. XRP Is Not a Security: The clarifications by Ripple-pro lawyer John Deaton is that XRP is not a security but could be considered as such in the primary market. Ripple CEO Brad Garlinghouse expects a final court decision on the ongoing lawsuit within six months, emphasizing the need for regulatory clarity to avoid lagging in blockchain technology adoption. Potential outcomes of the lawsuit could include a settlement between the SEC and Ripple if it is proven that XRP was sold as a security. Stricter Crypto Regulations: The Ripple lawsuit holds significant implications for the cryptocurrency industry. If Ripple emerges victorious, it could set a precedent for other cryptocurrency companies facing legal challenges. However, if the SEC wins the case, it could lead to stricter regulations and scrutiny for other cryptocurrencies. The outcome will shape the industry’s future and influence its regulation and perception. The SEC’s shifting stance on the joint enterprise argument in the Ripple case has drawn criticism from attorney John Deaton, who describes it as a “schizophrenic defense.” Ripple’s General Counsel Stuart Alderoty and attorney Bill Morgan have challenged the SEC’s common enterprise argument, highlighting its potential shortcomings in satisfying the Howey test. Potential Price Surge Anticipated: Despite recent price dips, XRP holders anticipate a potential price surge if the ruling favors Ripple in the lawsuit. Crypto whales have been observed moving millions of XRP tokens, indicating continued interest in the cryptocurrency. If you’re looking for a low-cost way to begin investing in cryptocurrency, XRP might be a good option due to its growth potential. However, it is advised to await the end of the lawsuit before making any decisions regarding XRP. XRP Price Predictions 2023-2032 Price Predictions by Cryptopolitan
XRP Price Prediction 2023 The current XRP price prediction for 2023 suggests a minimum price of $0.55 and an average trading price of $0.57.Ripple cryptocurrency is expected to attain a maximum price of $0.61. XRP Price Prediction 2024 Our Ripple price forecast for 2024 suggests the altcoin could trade at a minimum price of $0.79 and an average forecast price of $0.82.Ripple price could hit a maximum price of $0.95. XRP Price Prediction 2025 The Ripple price forecast for 2025 is for Ripple cryptocurrency to trade at a minimum price of $1.19 and an average price of $1.23.The maximum forecast price for 2026 is $1.41. XRP Price Prediction 2026 In 2026 our XRP price forecast for 2026 suggests Ripple cryptocurrency could reach a minimum price of $1.80 and an average price of $1.84.Ripple coin is estimated to reach a maximum price of $2.10. XRP Price Prediction 2027 Ripple XRP price forecast for 2027 estimates a minimum value of $2.66 and an average trading price of $2.73.The maximum price forecast for 20227 is $3.07. Ripple Price Prediction 2028 Our Ripple forecast for 2028 expects the price of 1 XRP to reach a minimum of $3.86 in 2028. The XRP price can reach a maximum level of $4.62, with an average price of $3.97 throughout 2028. XRP Price Prediction 2029 The Ripple coin price prediction for 2029 estimates Ripple to attain a minimum value of $5.61 and an average price of $5.77, with a maximum price of $6.79. XRP Price Prediction 2030 According to the Ripple price forecast for 2030, Ripple is predicted to hit a minimum price of $5.61 and an average price of $5.77 throughout the year 2030. The maximum forecasted Ripple price for 2030 is set at $6.79. XRP Price Prediction 2031 The Ripple price prediction for 2031 suggests Ripple coin will reach a minimum value of $12.35 and an average price of $12.78, with a maximum price of $14.84. XRP Price Prediction 2032 The Ripple coin price prediction for 2032 predicts the XRP to have a minimum price of $17.70, an average of $18.21, and a maximum price of $21.63. XRP Price Prediction by DigitalCoinPrice DigitalCoinPrice’s bullish short-term prediction states that the XRP price will increase by 116.3% by the end of May. The current indicators indicate the Neutral zone, and the fear & greed index shows 27.28 extreme fears, which means the price is currently stable. If all factors remain favorable, this might lead to a further surge in XRP prices towards the end of May. $XRP #XRP
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Binance Spot API to Increase Request Weight Limits (2023-10-19)
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Spot API will update the request weight limits of the following Rest and WebSocket (WS) API endpoints at 2023-10-19 00:00 (UTC). Rest APIWebSocket (WS) APICurrentNew LimitRequest WeightLimitRequest Weightapi/v3/tradesv3/trades.recentN/A2N/A10api/v3/depthv3/depth1 - 10021 - 1005101 - 50010101 - 50025501 - 1,00020501 - 1,000501,001 - 5,0001001,001 - 5,000250 Please note that users may use the WebSocket Stream alternatives to receive a real-time data push instead of polling the Rest or WS APIs. WebSocket Stream Rest APIWebSocket (WS) APIWebSocket Stream Alternativeapi/v3/tradesv3/trades.recent<symbol>@tradeapi/v3/depthv3/depth<symbol>@depth<symbol@depth<levels> Notes: Users should customize the “<symbol>” and “<levels>” variables for the WebSocket Streams. Lower case should be used for the variables. For example: “btcusdt@trade”, “btcusdt@depth”, or “btcusdt@depth10”. Trading will not be impacted by the update. Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. For More Information: Binance Spot API Change LogBinance Spot GitHub API Docs Thanks for your support! Binance Team 2023-10-13 Note: This announcement was last updated on 2023-10-13.
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