Phoebe Caughran r5XJ
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The Evolving Crypto Landscape: Toward Stability and Sustainability
The cryptocurrency world is undergoing a significant transformation as global regulations in the United States, Europe, and Asia aim to consolidate the market. These regulatory efforts are setting the stage for a more structured and trustworthy environment, encouraging institutional and retail participation in the space.
However, the crypto market faces challenges from the overwhelming proliferation of meme coins, which are launched daily but often lack real utility. This saturation dilutes investor focus and confidence, hindering even established meme coins like #Dogecoin, #Shiba Inu, #Lunc, #Bonk, and #Sandbox (etc…) from achieving their anticipated growth or supercycles. The oversupply of speculative tokens creates unnecessary volatility, discouraging broader adoption.
To address this, leading crypto platforms should take decisive actions by delisting numerous non-performing or speculative tokens. This move aligns with the broader goal of stabilizing the market, reducing excessive price fluctuations, and fostering an ecosystem built on utility and innovation rather than hype.
The future of crypto lies in projects that embrace cutting-edge technology and demonstrate the ability to create efficient, scalable ecosystems. As the market matures, major players like #Bitcoin, #Ethereum, #Solana, and #XRP are positioned to lead the way, consolidating stability and driving long-term value. Their robust infrastructure, widespread adoption, and adaptability to evolving technologies set them apart as the cornerstones of the digital asset economy.
In this evolving landscape, the focus is shifting from speculation to sustainability, signaling a more promising and reliable future for cryptocurrencies. Investors and developers alike will benefit from this transition as the industry pivots toward innovation, regulation, and meaningful use cases.$BTC $ETH $XRP
The cryptocurrency world is undergoing a significant transformation as global regulations in the United States, Europe, and Asia aim to consolidate the market. These regulatory efforts are setting the stage for a more structured and trustworthy environment, encouraging institutional and retail participation in the space.
However, the crypto market faces challenges from the overwhelming proliferation of meme coins, which are launched daily but often lack real utility. This saturation dilutes investor focus and confidence, hindering even established meme coins like #Dogecoin, #Shiba Inu, #Lunc, #Bonk, and #Sandbox (etc…) from achieving their anticipated growth or supercycles. The oversupply of speculative tokens creates unnecessary volatility, discouraging broader adoption.
To address this, leading crypto platforms should take decisive actions by delisting numerous non-performing or speculative tokens. This move aligns with the broader goal of stabilizing the market, reducing excessive price fluctuations, and fostering an ecosystem built on utility and innovation rather than hype.
The future of crypto lies in projects that embrace cutting-edge technology and demonstrate the ability to create efficient, scalable ecosystems. As the market matures, major players like #Bitcoin, #Ethereum, #Solana, and #XRP are positioned to lead the way, consolidating stability and driving long-term value. Their robust infrastructure, widespread adoption, and adaptability to evolving technologies set them apart as the cornerstones of the digital asset economy.
In this evolving landscape, the focus is shifting from speculation to sustainability, signaling a more promising and reliable future for cryptocurrencies. Investors and developers alike will benefit from this transition as the industry pivots toward innovation, regulation, and meaningful use cases.$BTC $ETH $XRP
Binance to Support Mines of Dalarnia (DAR) Token Swap and Rebrand to Dar Open Network (D)
#DAR $DAR
#DAR $DAR
Binance Announcement
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Binance Will Support the Mines of Dalarnia (DAR) Token Swap and Rebranding to Dar Open Network (D)
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance will support the Mines of Dalarnia (DAR) token swap and rebranding to Dar Open Network (D).
At 2025-01-06 03:00 (UTC), Binance will delist all existing DAR spot trading pairs (i.e., DAR/USDT and DAR/TRY) and cancel all pending DAR spot trading orders. At 2025-01-09 08:00 (UTC), Binance will open trading for the D/USDT and D/TRY trading pairs.
General
Deposits and WithdrawalsAt 2025-01-06 03:30 (UTC), deposits and withdrawals of DAR tokens will be suspended. Please ensure that you leave sufficient time for your DAR token deposits to be fully processed prior to this time. Deposits of D tokens will be opened at 2025-01-09 07:00 (UTC).Binance will make a separate announcement after the event is completed to notify users when withdrawals of D tokens have opened.After the event is complete, withdrawals of DAR tokens will no longer be supported.Binance will handle all technical requirements for users who are involved in this event.Users may refer to the announcement from the project team for more information.
Token Swap and Rebranding
DAR tokens will assume the ticker of D tokens on Binance.All DAR tokens will be swapped to D at a ratio of 1 DAR = 1 D.
Spot
At 2025-01-06 03:00 (UTC), Binance will delist and cease trading on all spot trading pairs for DAR. The exact trading pairs being removed are: DAR/USDT and DAR/TRY.All trade orders will be automatically removed after trading ceases in each respective trading pair.Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2025-01-06 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.Binance Spot Copy Trading will delist the aforementioned spot trading pairs on 2025-01-05 03:00 (UTC). After this time, any outstanding spot trading pairs will be moved to the Spot Wallet. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to 2025-01-05 03:00 (UTC) to avoid potential losses.Binance will open trading for the D/USDT and D/TRY trading pairs at 2025-01-09 08:00 (UTC).
Futures
Binance Futures will close all positions and conduct an automatic settlement on the DARUSDT USDⓈ-M Perpetual Contract at 2024-12-26 09:00 (UTC). The contract will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contract starting from 2024-12-26 08:30 (UTC). In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the DARUSDT USDⓈ-M Perpetual Contract without further announcements, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. A separate announcement will be made for relisting.At 2024-12-26 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the DARUSDT symbol.
Margin
Binance Margin will delist DAR from Cross and Isolated Margin at 2024-12-27 06:00 (UTC). The DAR/USDT cross and isolated margin pair(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their margin accounts. If users hold outstanding liabilities of said token(s), these users may only manually transfer up to the amount of liabilities of that token into their margin accounts, less any collateral already available.At 2024-12-19 06:00 (UTC), Binance Margin will suspend isolated margin borrowings on the aforementioned isolated margin pair(s). At 2024-12-27 06:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned isolated margin pair(s), which will then be removed from isolated margin.At 2024-12-19 06:00 (UTC), Binance Margin will suspend cross margin borrowings on the aforementioned token(s). At 2024-12-27 06:00 (UTC), if users hold both collateral and liabilities of the aforementioned token(s), the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s) in the form of collateral: If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Wallets, up to the point when the CML reaches 2. The remaining tokens in their Cross Margin accounts that are to be delisted will then be fully sold. If the CML is below 2, the remaining tokens in users’ Cross Margin accounts that are to be delisted will be fully sold. If users only hold the aforementioned token(s) in the form of liabilities:If CML is at or above 2, pending orders will not be affected. If the CML is below 2, all pending orders in their Cross Margin accounts will be canceled. The system will then sell other collateral tokens to buy and fully repay the delisting token(s)’ liabilities.
Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2024-12-27 06:00 (UTC). Binance will not be responsible for any potential losses.
Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Wallets to their Spot Wallets and to top up their margin balance before 2024-12-27 06:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Wallet. All DAR balances in Cross Margin Wallet under the Portfolio Margin account will be automatically converted to USDT from 2024-12-27 06:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information.A separate announcement will be made for relisting.
Loans
At 2024-12-26 03:00 (UTC), Binance Loans (Flexible Rates) and VIP Loan will close all outstanding loan positions for DAR (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding DAR loans before 2024-12-26 03:00 (UTC) to avoid any potential losses.
Please refer to the Binance Loans (Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions.
Simple Earn
From 2024-12-30 03:00 (UTC), Binance Simple Earn will cease support for DAR Simple Earn Flexible Products. Subscriptions will no longer be available. From 2024-12-30 03:00 (UTC), all remaining DAR Flexible Products positions, together with any accrued rewards, will be automatically redeemed to users’ Spot Wallets. Users can choose to redeem their assets from DAR Simple Earn Flexible anytime beforehand.After 2025-01-09 08:00 (UTC), Binance Simple Earn will resubscribe the converted D assets for Flexible Product for impacted users, according to the above swap ratio after the event is complete.
Binance Pay
At 2024-12-27 03:00 (UTC), Binance will remove DAR from the list of supported cryptocurrencies on Binance Pay.
Gift Card
At 2025-01-06 03:00 (UTC), Binance will no longer support the creation of DAR Gift Cards.While users may proceed to redeem any unredeemed DAR Gift Cards for DAR tokens before 2025-01-06 03:00 (UTC), the redeemed tokens will be subject to automatic conversion to the D tokens.After 2025-01-06 03:00 (UTC), all unredeemed DAR Gift Cards will be automatically converted to the D tokens.
Convert
Binance Convert will maintain a sell-only function for DAR and all associated pairs from 2024-12-27 02:00 (UTC) to 2025-01-06 02:00 (UTC). Binance Convert will subsequently delist DAR and all associated pairs at 2025-01-06 02:00 (UTC).
Auto-Invest
Binance Auto-Invest will delist DAR after 2024-12-26 02:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.
Convert Low-Value Assets
Convert Low-Value Assets will delist DAR at 2025-01-05 02:00 (UTC). Users may choose to convert the low-value assets beforehand.
Buy & Sell Crypto
At 2024-12-26 02:00 (UTC), Buy & Sell Crypto will delist DAR and all associated pairs.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-19
Fellow Binancians,
Binance will support the Mines of Dalarnia (DAR) token swap and rebranding to Dar Open Network (D).
At 2025-01-06 03:00 (UTC), Binance will delist all existing DAR spot trading pairs (i.e., DAR/USDT and DAR/TRY) and cancel all pending DAR spot trading orders. At 2025-01-09 08:00 (UTC), Binance will open trading for the D/USDT and D/TRY trading pairs.
General
Deposits and WithdrawalsAt 2025-01-06 03:30 (UTC), deposits and withdrawals of DAR tokens will be suspended. Please ensure that you leave sufficient time for your DAR token deposits to be fully processed prior to this time. Deposits of D tokens will be opened at 2025-01-09 07:00 (UTC).Binance will make a separate announcement after the event is completed to notify users when withdrawals of D tokens have opened.After the event is complete, withdrawals of DAR tokens will no longer be supported.Binance will handle all technical requirements for users who are involved in this event.Users may refer to the announcement from the project team for more information.
Token Swap and Rebranding
DAR tokens will assume the ticker of D tokens on Binance.All DAR tokens will be swapped to D at a ratio of 1 DAR = 1 D.
Spot
At 2025-01-06 03:00 (UTC), Binance will delist and cease trading on all spot trading pairs for DAR. The exact trading pairs being removed are: DAR/USDT and DAR/TRY.All trade orders will be automatically removed after trading ceases in each respective trading pair.Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2025-01-06 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.Binance Spot Copy Trading will delist the aforementioned spot trading pairs on 2025-01-05 03:00 (UTC). After this time, any outstanding spot trading pairs will be moved to the Spot Wallet. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to 2025-01-05 03:00 (UTC) to avoid potential losses.Binance will open trading for the D/USDT and D/TRY trading pairs at 2025-01-09 08:00 (UTC).
Futures
Binance Futures will close all positions and conduct an automatic settlement on the DARUSDT USDⓈ-M Perpetual Contract at 2024-12-26 09:00 (UTC). The contract will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contract starting from 2024-12-26 08:30 (UTC). In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the DARUSDT USDⓈ-M Perpetual Contract without further announcements, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. A separate announcement will be made for relisting.At 2024-12-26 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the DARUSDT symbol.
Margin
Binance Margin will delist DAR from Cross and Isolated Margin at 2024-12-27 06:00 (UTC). The DAR/USDT cross and isolated margin pair(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their margin accounts. If users hold outstanding liabilities of said token(s), these users may only manually transfer up to the amount of liabilities of that token into their margin accounts, less any collateral already available.At 2024-12-19 06:00 (UTC), Binance Margin will suspend isolated margin borrowings on the aforementioned isolated margin pair(s). At 2024-12-27 06:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned isolated margin pair(s), which will then be removed from isolated margin.At 2024-12-19 06:00 (UTC), Binance Margin will suspend cross margin borrowings on the aforementioned token(s). At 2024-12-27 06:00 (UTC), if users hold both collateral and liabilities of the aforementioned token(s), the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s) in the form of collateral: If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Wallets, up to the point when the CML reaches 2. The remaining tokens in their Cross Margin accounts that are to be delisted will then be fully sold. If the CML is below 2, the remaining tokens in users’ Cross Margin accounts that are to be delisted will be fully sold. If users only hold the aforementioned token(s) in the form of liabilities:If CML is at or above 2, pending orders will not be affected. If the CML is below 2, all pending orders in their Cross Margin accounts will be canceled. The system will then sell other collateral tokens to buy and fully repay the delisting token(s)’ liabilities.
Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2024-12-27 06:00 (UTC). Binance will not be responsible for any potential losses.
Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Wallets to their Spot Wallets and to top up their margin balance before 2024-12-27 06:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Wallet. All DAR balances in Cross Margin Wallet under the Portfolio Margin account will be automatically converted to USDT from 2024-12-27 06:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information.A separate announcement will be made for relisting.
Loans
At 2024-12-26 03:00 (UTC), Binance Loans (Flexible Rates) and VIP Loan will close all outstanding loan positions for DAR (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding DAR loans before 2024-12-26 03:00 (UTC) to avoid any potential losses.
Please refer to the Binance Loans (Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions.
Simple Earn
From 2024-12-30 03:00 (UTC), Binance Simple Earn will cease support for DAR Simple Earn Flexible Products. Subscriptions will no longer be available. From 2024-12-30 03:00 (UTC), all remaining DAR Flexible Products positions, together with any accrued rewards, will be automatically redeemed to users’ Spot Wallets. Users can choose to redeem their assets from DAR Simple Earn Flexible anytime beforehand.After 2025-01-09 08:00 (UTC), Binance Simple Earn will resubscribe the converted D assets for Flexible Product for impacted users, according to the above swap ratio after the event is complete.
Binance Pay
At 2024-12-27 03:00 (UTC), Binance will remove DAR from the list of supported cryptocurrencies on Binance Pay.
Gift Card
At 2025-01-06 03:00 (UTC), Binance will no longer support the creation of DAR Gift Cards.While users may proceed to redeem any unredeemed DAR Gift Cards for DAR tokens before 2025-01-06 03:00 (UTC), the redeemed tokens will be subject to automatic conversion to the D tokens.After 2025-01-06 03:00 (UTC), all unredeemed DAR Gift Cards will be automatically converted to the D tokens.
Convert
Binance Convert will maintain a sell-only function for DAR and all associated pairs from 2024-12-27 02:00 (UTC) to 2025-01-06 02:00 (UTC). Binance Convert will subsequently delist DAR and all associated pairs at 2025-01-06 02:00 (UTC).
Auto-Invest
Binance Auto-Invest will delist DAR after 2024-12-26 02:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.
Convert Low-Value Assets
Convert Low-Value Assets will delist DAR at 2025-01-05 02:00 (UTC). Users may choose to convert the low-value assets beforehand.
Buy & Sell Crypto
At 2024-12-26 02:00 (UTC), Buy & Sell Crypto will delist DAR and all associated pairs.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-19
Sorry, the future of crypto market must be evaluated through its practical impact and utility, not through ideological lenses!
Cryptopolitan
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The Next Big Crypto Crash Might Come From Donald Trump Himself, and It’ll Be the Worst
Donald Trump won the election, Bitcoin is literally worth over $107,000 right now, and Wall Street’s now drooling over crypto like it’s the new gold rush. Sounds perfect, right? Except it actually isn’t.
Thanks to Trump, crypto is sinking its claws deep into everything. Wall Street, banks, pensions, 401(k)s—places it never belonged. That’s great for investors I guess, but if you ask me and any other true Bitcoin believer, there’s a dark reality behind the hype.
It is an unwritten law of the world that whatever goes up must eventually come down. So no matter how high Bitcoin goes, it will crash in the end. And the scary part is when it does, it’ll be the worst we’ve ever seen. Naturally, since the market has never reached current levels.
The higher the stakes, the worse the crash. Just ask Wall Street bros. For years, crypto’s appeal was its independence from the system. Now, the system is embracing it. We’re not the rebels anymore, we’re the establishment.
At the July Bitcoin Conference, Trump threw out an idea that stunned everyone—a “strategic national Bitcoin stockpile.” Analysts are taking this seriously. Under Trump, the U.S. could actually start hoarding Bitcoin like it’s gold. If that sounds insane, it gets wilder. This guy wants $15 trillion in Bitcoin reserves.
Even before his election win, the floodgates were opening. BlackRock and other financial giants launched Bitcoin ETFs, giving ordinary investors access to Bitcoin through their brokerage accounts. Crypto is breaking into mainstream finance at full speed but with zero brakes.
Trump’s crypto army is dismantling the rules – There will be costs
After the last crash in 2022 when Bitcoin fell apart and billions evaporated, the industry didn’t actually stop. There was no new “killer app” or game-changing technology to win back trust. Instead, they played politics.
Over $130 million poured into political campaigns during this year’s election cycle. The crypto industry sold lawmakers on a story: ignore us at your own risk because “crypto voters” are coming for you. The pitch was brilliant, even if the “crypto voter” narrative was stitched together out of thin air.
Trump ran with it. His administration is already lining up crypto loyalists for key regulatory roles. Paul Atkins, a longtime critic of financial oversight and a strong crypto lover, is Trump’s pick to lead the SEC.
Under him, the crypto industry will face less scrutiny, not more. If you think fraud was bad in 2022, just wait. Though Trump’s playbook doesn’t stop at gutting the SEC. As we speak, Congress is working to move crypto oversight to the Commodity Futures Trading Commission (CFTC).
Compared to the SEC, the CFTC is frankly quite underfunded and far less experienced with crypto’s retail-heavy markets. The result? A regulatory free-for-all, exactly what the industry wants.
The CFPB is next. The Consumer Financial Protection Bureau was created after the 2008 crash to protect consumers from predatory financial practices. Crypto’s biggest names hate it. Marc Andreessen slammed the agency, calling it a roadblock for crypto firms.
Elon Musk doubled down, telling the government to “delete CFPB.” To be fair, these guys have a point. If Trump and Congress gut the CFPB, it’s open season for crypto platforms, fintech startups, and shady payment systems.
Tens of thousands of people were left stranded when Synapse, a fintech company backed by Marc, collapsed earlier this year. That kind of chaos would only get worse without consumer protections.
Banks and pensions are playing with fire
The last time crypto imploded, banks were relatively safe. Pension funds and 401(k)s barely felt a thing. Regulators made sure of that. The 2022 crash was brutal for retail investors, but hey, at least it didn’t trigger a financial meltdown. That firewall is now crumbling.
The SEC’s approval of Bitcoin and Ether ETFs opened the door. Banks and traditional investment firms are stepping in, eager to capitalize on crypto’s new wave. Now retirement administrators are adding Bitcoin exposure to 401(k) plans. The industry is even fighting to hold crypto directly on their balance sheets.
It’s not hard to see where this is heading. Crypto firms have already fought to kill protections like SEC Staff Accounting Bulletin 121. The rule forced banks to disclose crypto holdings and keep reserves to back customer assets.
Lawmakers passed a bill in early 2024 to overturn it, but Biden vetoed the attempt. Trump won’t. Under his leadership, those protections will vanish, leaving banks fully exposed.
But the president’s plans aren’t just about deregulation. His World Liberty Financial project—a decentralized finance (DeFi) platform—is already spending millions on crypto acquisitions. Reports say the project burned through $45 million in December alone.
The real endgame
FTX founder Sam Bankman-Fried spent over $100 million buying political influence. He pitched lawmakers a vision of a regulated crypto future, where firms could “self-regulate” and innovation would flourish. It was a scam. FTX blew up, and billions of dollars disappeared overnight.
The crypto industry hasn’t changed. It’s still lobbying hard against regulations. It’s still pushing lawmakers to look the other way. And now it has Trump in its corner.
I’d feel safer if I actually trusted that these guys truly believe in Bitcoin. But I don’t, because, at the end of the day, politics really is just politics. If Bitcoin wasn’t going to make Trump richer in any way at all, how many of you can say for a fact that you believe he’d still be all in?
Let’s not be delusional. Every bull run ends in collapse. And every collapse leaves devastation in its wake. The difference now is Bitcoin has grown too big to fail.
A crypto crash under Trump wouldn’t just hurt retail investors and break my heart. It would hit the banking system, pension funds, and the entire global economy. So as we watch Mr. Trump recite the oath of office, beware that a countdown will be starting.
How long do we have until the next ‘crypto winter’?
Thanks to Trump, crypto is sinking its claws deep into everything. Wall Street, banks, pensions, 401(k)s—places it never belonged. That’s great for investors I guess, but if you ask me and any other true Bitcoin believer, there’s a dark reality behind the hype.
It is an unwritten law of the world that whatever goes up must eventually come down. So no matter how high Bitcoin goes, it will crash in the end. And the scary part is when it does, it’ll be the worst we’ve ever seen. Naturally, since the market has never reached current levels.
The higher the stakes, the worse the crash. Just ask Wall Street bros. For years, crypto’s appeal was its independence from the system. Now, the system is embracing it. We’re not the rebels anymore, we’re the establishment.
At the July Bitcoin Conference, Trump threw out an idea that stunned everyone—a “strategic national Bitcoin stockpile.” Analysts are taking this seriously. Under Trump, the U.S. could actually start hoarding Bitcoin like it’s gold. If that sounds insane, it gets wilder. This guy wants $15 trillion in Bitcoin reserves.
Even before his election win, the floodgates were opening. BlackRock and other financial giants launched Bitcoin ETFs, giving ordinary investors access to Bitcoin through their brokerage accounts. Crypto is breaking into mainstream finance at full speed but with zero brakes.
Trump’s crypto army is dismantling the rules – There will be costs
After the last crash in 2022 when Bitcoin fell apart and billions evaporated, the industry didn’t actually stop. There was no new “killer app” or game-changing technology to win back trust. Instead, they played politics.
Over $130 million poured into political campaigns during this year’s election cycle. The crypto industry sold lawmakers on a story: ignore us at your own risk because “crypto voters” are coming for you. The pitch was brilliant, even if the “crypto voter” narrative was stitched together out of thin air.
Trump ran with it. His administration is already lining up crypto loyalists for key regulatory roles. Paul Atkins, a longtime critic of financial oversight and a strong crypto lover, is Trump’s pick to lead the SEC.
Under him, the crypto industry will face less scrutiny, not more. If you think fraud was bad in 2022, just wait. Though Trump’s playbook doesn’t stop at gutting the SEC. As we speak, Congress is working to move crypto oversight to the Commodity Futures Trading Commission (CFTC).
Compared to the SEC, the CFTC is frankly quite underfunded and far less experienced with crypto’s retail-heavy markets. The result? A regulatory free-for-all, exactly what the industry wants.
The CFPB is next. The Consumer Financial Protection Bureau was created after the 2008 crash to protect consumers from predatory financial practices. Crypto’s biggest names hate it. Marc Andreessen slammed the agency, calling it a roadblock for crypto firms.
Elon Musk doubled down, telling the government to “delete CFPB.” To be fair, these guys have a point. If Trump and Congress gut the CFPB, it’s open season for crypto platforms, fintech startups, and shady payment systems.
Tens of thousands of people were left stranded when Synapse, a fintech company backed by Marc, collapsed earlier this year. That kind of chaos would only get worse without consumer protections.
Banks and pensions are playing with fire
The last time crypto imploded, banks were relatively safe. Pension funds and 401(k)s barely felt a thing. Regulators made sure of that. The 2022 crash was brutal for retail investors, but hey, at least it didn’t trigger a financial meltdown. That firewall is now crumbling.
The SEC’s approval of Bitcoin and Ether ETFs opened the door. Banks and traditional investment firms are stepping in, eager to capitalize on crypto’s new wave. Now retirement administrators are adding Bitcoin exposure to 401(k) plans. The industry is even fighting to hold crypto directly on their balance sheets.
It’s not hard to see where this is heading. Crypto firms have already fought to kill protections like SEC Staff Accounting Bulletin 121. The rule forced banks to disclose crypto holdings and keep reserves to back customer assets.
Lawmakers passed a bill in early 2024 to overturn it, but Biden vetoed the attempt. Trump won’t. Under his leadership, those protections will vanish, leaving banks fully exposed.
But the president’s plans aren’t just about deregulation. His World Liberty Financial project—a decentralized finance (DeFi) platform—is already spending millions on crypto acquisitions. Reports say the project burned through $45 million in December alone.
The real endgame
FTX founder Sam Bankman-Fried spent over $100 million buying political influence. He pitched lawmakers a vision of a regulated crypto future, where firms could “self-regulate” and innovation would flourish. It was a scam. FTX blew up, and billions of dollars disappeared overnight.
The crypto industry hasn’t changed. It’s still lobbying hard against regulations. It’s still pushing lawmakers to look the other way. And now it has Trump in its corner.
I’d feel safer if I actually trusted that these guys truly believe in Bitcoin. But I don’t, because, at the end of the day, politics really is just politics. If Bitcoin wasn’t going to make Trump richer in any way at all, how many of you can say for a fact that you believe he’d still be all in?
Let’s not be delusional. Every bull run ends in collapse. And every collapse leaves devastation in its wake. The difference now is Bitcoin has grown too big to fail.
A crypto crash under Trump wouldn’t just hurt retail investors and break my heart. It would hit the banking system, pension funds, and the entire global economy. So as we watch Mr. Trump recite the oath of office, beware that a countdown will be starting.
How long do we have until the next ‘crypto winter’?
See original
Binance Announcement
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Binance Will Delist AKRO, BLZ, WRX on 2024-12-25
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
At Binance, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics.
When we conduct these reviews, we consider a variety of factors. Here are some that drive whether we decide to delist a digital asset:
Commitment of team to projectLevel and quality of development activityTrading volume and liquidityStability and safety of network from attacksNetwork / smart contract stabilityLevel of public communicationResponsiveness to our periodic due diligence requestsEvidence of unethical/fraudulent conduct or negligenceNew regulatory requirementsContribution to a healthy and sustainable crypto ecosystem
Based on our most recent reviews, we have decided to delist and cease trading on all spot trading pairs for the following token(s) at 2024-12-25 03:00 (UTC):
Kaon (AKRO) formerly known as AkropolisBluzelle (BLZ)WazirX (WRX)
Please note:
The exact trading pairs being removed are: AKRO/USDT, BLZ/BTC, BLZ/USDT, WRX/USDTAll trade orders will be automatically removed after trading ceases in each respective trading pair.The token's valuation will no longer be displayed in your wallet after delisting. To view your assets after trading ceases, please ensure you have not selected “Hide Small Balances” in all of your wallets.Deposits of these token(s) after 2024-12-26 03:00 (UTC) will not be credited to your account. Withdrawals of these token(s) from Binance will not be supported after 2025-02-25 03:00 (UTC).
Delisted tokens MAY be converted into stablecoins on behalf of users after 2025-02-26 03:00 (UTC). Please note that the conversion of delisted tokens into stablecoins is NOT guaranteed. A separate notification will be made before the conversion where applicable, and the stablecoins will be credited to users’ Binance accounts after the conversion.
Binance Futures will close all positions and conduct an automatic settlement on the BLZUSDT USDⓈ-M Perpetual Contract at 2024-12-23 09:00 (UTC). The contracts will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contracts starting from 2024-12-23 08:30 (UTC). In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the BLZUSDT USDⓈ-M Perpetual Contract without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. At 2024-12-23 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the BLZUSDT symbol. The pair will no longer be available for opening new arbitrage strategies upon delisting.Binance Simple Earn will delist the token(s) mentioned above after 2024-12-24 03:00 (UTC). Users may choose to redeem their Flexible Products positions beforehand. Otherwise, these Flexible Products positions will be automatically redeemed at the above-mentioned time, and subsequently transferred to users’ Spot Wallets, together with any accrued rewards. At 2024-12-23 02:00 (UTC), WRX of Binance Loans (Flexible Rates) and AKRO, BLZ, WRX of VIP Loan will close all outstanding loan positions for the aforementioned token(s) as loanable token(s) and collateral token(s). Users are strongly advised to repay their outstanding loans before 2024-12-23 02:00 (UTC) to avoid any potential losses, where applicable.Binance Margin will delist AKRO, BLZ, WRX from Cross and Isolated Margin at 2024-12-23 10:00 (UTC). The AKRO/USDT, BLZ/BTC, BLZ/USDT, WRX/USDT cross and isolated margin pair(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their margin accounts. If users hold outstanding liabilities of said tokens, these users may only manually transfer up to the amount of liabilities of that token into their margin accounts, less any collateral already available.At 2024-12-18 15:00 (UTC), Binance Margin will suspend isolated margin borrowings on the aforementioned isolated margin pair(s). At 2024-12-23 10:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned isolated margin pair(s), which will then be removed from isolated margin.At 2024-12-18 15:00 (UTC), Binance Margin will suspend cross margin borrowings on the aforementioned token(s). At 2024-12-23 10:00 (UTC), if users hold both collateral and liabilities of the aforementioned token(s), the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s) in the form of collateral: If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Wallets, up to the point when the CML reaches 2. The remaining tokens in their Cross Margin accounts that are to be delisted will then be fully sold. If the CML is below 2, the remaining tokens in users’ Cross Margin accounts that are to be delisted will be fully sold. If users only hold the aforementioned token(s) in the form of liabilities:If CML is at or above 2, pending orders will not be affected. If the CML is below 2, all pending orders in their Cross Margin accounts will be canceled. The system will then sell other collateral tokens to buy and fully repay the delisting token(s)’ liabilities.Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2024-12-23 10:00 (UTC). Binance will not be responsible for any potential losses.Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Wallets to their Spot Wallets and to top up their margin balance before 2024-12-23 10:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Wallet. All AKRO, BLZ, WRX balances in Cross Margin Wallet under the Portfolio Margin account will be automatically converted to USDT from 2024-12-23 10:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information.
Binance Convert will maintain a Sell-only function for the aforementioned token(s) and all associated pairs from 2024-12-23 03:00 (UTC) to 2024-12-25 02:00 (UTC). Binance Convert will subsequently delist the aforementioned token(s) and all associated pairs at 2024-12-25 02:00 (UTC)
Convert Low-Value Assets will delist the token(s) mentioned above at 2024-12-22 02:00 (UTC). Users may choose to convert the low-value assets beforehand.
Binance Auto-Invest will delist the token(s) mentioned above after 2024-12-20 03:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.Binance Buy & Sell Crypto will delist the aforementioned token(s) and all associated pairs at 2024-12-19 03:00 (UTC)Binance Gift Card will delist the token(s) mentioned above at 2024-12-25 03:00 (UTC) Users are encouraged to manage Gift Cards containing these token(s) in advance to avoid any inconveniences.Binance Pay will delist the aforementioned token(s) at 2024-12-23 03:00 (UTC).Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2024-12-25 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.Binance Spot Copy Trading will delist the aforementioned spot trading pairs on 2024-12-24 03:00 (UTC) - after this time, any outstanding spot trading pairs will be moved to the spot wallet. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to 2024-12-24 03:00 (UTC) to avoid potential losses.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.
We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.
Thank you for your support!
Binance Team
2024-12-18
Fellow Binancians,
At Binance, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics.
When we conduct these reviews, we consider a variety of factors. Here are some that drive whether we decide to delist a digital asset:
Commitment of team to projectLevel and quality of development activityTrading volume and liquidityStability and safety of network from attacksNetwork / smart contract stabilityLevel of public communicationResponsiveness to our periodic due diligence requestsEvidence of unethical/fraudulent conduct or negligenceNew regulatory requirementsContribution to a healthy and sustainable crypto ecosystem
Based on our most recent reviews, we have decided to delist and cease trading on all spot trading pairs for the following token(s) at 2024-12-25 03:00 (UTC):
Kaon (AKRO) formerly known as AkropolisBluzelle (BLZ)WazirX (WRX)
Please note:
The exact trading pairs being removed are: AKRO/USDT, BLZ/BTC, BLZ/USDT, WRX/USDTAll trade orders will be automatically removed after trading ceases in each respective trading pair.The token's valuation will no longer be displayed in your wallet after delisting. To view your assets after trading ceases, please ensure you have not selected “Hide Small Balances” in all of your wallets.Deposits of these token(s) after 2024-12-26 03:00 (UTC) will not be credited to your account. Withdrawals of these token(s) from Binance will not be supported after 2025-02-25 03:00 (UTC).
Delisted tokens MAY be converted into stablecoins on behalf of users after 2025-02-26 03:00 (UTC). Please note that the conversion of delisted tokens into stablecoins is NOT guaranteed. A separate notification will be made before the conversion where applicable, and the stablecoins will be credited to users’ Binance accounts after the conversion.
Binance Futures will close all positions and conduct an automatic settlement on the BLZUSDT USDⓈ-M Perpetual Contract at 2024-12-23 09:00 (UTC). The contracts will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contracts starting from 2024-12-23 08:30 (UTC). In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the BLZUSDT USDⓈ-M Perpetual Contract without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. At 2024-12-23 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the BLZUSDT symbol. The pair will no longer be available for opening new arbitrage strategies upon delisting.Binance Simple Earn will delist the token(s) mentioned above after 2024-12-24 03:00 (UTC). Users may choose to redeem their Flexible Products positions beforehand. Otherwise, these Flexible Products positions will be automatically redeemed at the above-mentioned time, and subsequently transferred to users’ Spot Wallets, together with any accrued rewards. At 2024-12-23 02:00 (UTC), WRX of Binance Loans (Flexible Rates) and AKRO, BLZ, WRX of VIP Loan will close all outstanding loan positions for the aforementioned token(s) as loanable token(s) and collateral token(s). Users are strongly advised to repay their outstanding loans before 2024-12-23 02:00 (UTC) to avoid any potential losses, where applicable.Binance Margin will delist AKRO, BLZ, WRX from Cross and Isolated Margin at 2024-12-23 10:00 (UTC). The AKRO/USDT, BLZ/BTC, BLZ/USDT, WRX/USDT cross and isolated margin pair(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their margin accounts. If users hold outstanding liabilities of said tokens, these users may only manually transfer up to the amount of liabilities of that token into their margin accounts, less any collateral already available.At 2024-12-18 15:00 (UTC), Binance Margin will suspend isolated margin borrowings on the aforementioned isolated margin pair(s). At 2024-12-23 10:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned isolated margin pair(s), which will then be removed from isolated margin.At 2024-12-18 15:00 (UTC), Binance Margin will suspend cross margin borrowings on the aforementioned token(s). At 2024-12-23 10:00 (UTC), if users hold both collateral and liabilities of the aforementioned token(s), the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s) in the form of collateral: If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Wallets, up to the point when the CML reaches 2. The remaining tokens in their Cross Margin accounts that are to be delisted will then be fully sold. If the CML is below 2, the remaining tokens in users’ Cross Margin accounts that are to be delisted will be fully sold. If users only hold the aforementioned token(s) in the form of liabilities:If CML is at or above 2, pending orders will not be affected. If the CML is below 2, all pending orders in their Cross Margin accounts will be canceled. The system will then sell other collateral tokens to buy and fully repay the delisting token(s)’ liabilities.Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2024-12-23 10:00 (UTC). Binance will not be responsible for any potential losses.Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Wallets to their Spot Wallets and to top up their margin balance before 2024-12-23 10:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Wallet. All AKRO, BLZ, WRX balances in Cross Margin Wallet under the Portfolio Margin account will be automatically converted to USDT from 2024-12-23 10:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information.
Binance Convert will maintain a Sell-only function for the aforementioned token(s) and all associated pairs from 2024-12-23 03:00 (UTC) to 2024-12-25 02:00 (UTC). Binance Convert will subsequently delist the aforementioned token(s) and all associated pairs at 2024-12-25 02:00 (UTC)
Convert Low-Value Assets will delist the token(s) mentioned above at 2024-12-22 02:00 (UTC). Users may choose to convert the low-value assets beforehand.
Binance Auto-Invest will delist the token(s) mentioned above after 2024-12-20 03:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.Binance Buy & Sell Crypto will delist the aforementioned token(s) and all associated pairs at 2024-12-19 03:00 (UTC)Binance Gift Card will delist the token(s) mentioned above at 2024-12-25 03:00 (UTC) Users are encouraged to manage Gift Cards containing these token(s) in advance to avoid any inconveniences.Binance Pay will delist the aforementioned token(s) at 2024-12-23 03:00 (UTC).Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2024-12-25 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.Binance Spot Copy Trading will delist the aforementioned spot trading pairs on 2024-12-24 03:00 (UTC) - after this time, any outstanding spot trading pairs will be moved to the spot wallet. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to 2024-12-24 03:00 (UTC) to avoid potential losses.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.
We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.
Thank you for your support!
Binance Team
2024-12-18
How a Fed Rate Cut Could Impact Crypto
The Federal Reserve is expected to announce a 25-basis-point rate cut, a move that could significantly influence the crypto market:
1- More Liquidity, Higher Demand: Lower rates make borrowing cheaper, increasing liquidity and driving demand for riskier assets like crypto.
2- Bitcoin’s Appeal: While reduced inflation concerns might weaken Bitcoin’s role as a hedge, added liquidity could support its price.
3- Altcoin Growth: Altcoins, including Ethereum and DeFi tokens, often outperform Bitcoin d
1- More Liquidity, Higher Demand: Lower rates make borrowing cheaper, increasing liquidity and driving demand for riskier assets like crypto.
2- Bitcoin’s Appeal: While reduced inflation concerns might weaken Bitcoin’s role as a hedge, added liquidity could support its price.
3- Altcoin Growth: Altcoins, including Ethereum and DeFi tokens, often outperform Bitcoin d
Binance: Delay in updating the token information for Pudgy Penguins #Penu
Binance Announcement
--
Updates on Pudgy Penguins (PENGU) Token Information
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Due to a delay in updating the token information for Pudgy Penguins (PENGU) by our data provider CoinMarketCap, the market capitalization and full diluted valuation (FDV) displayed data for the project was not updated in time upon the listing on Binance Spot. Binance notified the CMC team upon discovery and CMC has swiftly refreshed their data.
The transparent nature of blockchain means on-chain data will be the most reliable and updated. As an exchange platform, Binance uses third-party sources to display data for our users’ convenience and reference only.
As a goodwill gesture, Binance has earmarked 135,000,000 PENGU tokens to be distributed to eligible users who bought PENGU between 2024-12-17 14:00 (UTC) and 2024-12-17 14:37 (UTC). The airdrop distribution will be credited to eligible users’ master accounts within 72 hours.
Airdrop Details:
Transaction Snapshot Period: 2024-12-17 14:00 (UTC) to 2024-12-17 14:37 (UTC)Eligible Airdrop Users: Users who purchased PENGU in the Binance Spot market (excluding the project’s market makers and VIP 4 - 9 users).Airdrop Rules: Binance will airdrop 135,000,000 PENGU to eligible users who purchased PENGU on Binance Spot during the transaction snapshot period based on their spot purchase volume.
For example, User A purchased 10 PENGU at 2024-12-17 14:10 (UTC) and sold all their PENGU at 2024-12-17 14:47 (UTC). The amount of PENGU token they can receive will be:
(10 / Total amount of PENGU purchased by all eligible users during the transaction snapshot period) * 135,000,000 PENGU
Binance apologizes for any inconvenience caused to users. In addition to conducting a review with our data provider, Binance will implement measures to prevent recurrence, including exploring alternative and multiple data sources.
Thank you for your support!
Binance Team
2024-12-18
Note: This announcement was updated on 2024-12-18 to clarify the airdrop distribution will be credited to eligible users’ master accounts within 72 hours.
Fellow Binancians,
Due to a delay in updating the token information for Pudgy Penguins (PENGU) by our data provider CoinMarketCap, the market capitalization and full diluted valuation (FDV) displayed data for the project was not updated in time upon the listing on Binance Spot. Binance notified the CMC team upon discovery and CMC has swiftly refreshed their data.
The transparent nature of blockchain means on-chain data will be the most reliable and updated. As an exchange platform, Binance uses third-party sources to display data for our users’ convenience and reference only.
As a goodwill gesture, Binance has earmarked 135,000,000 PENGU tokens to be distributed to eligible users who bought PENGU between 2024-12-17 14:00 (UTC) and 2024-12-17 14:37 (UTC). The airdrop distribution will be credited to eligible users’ master accounts within 72 hours.
Airdrop Details:
Transaction Snapshot Period: 2024-12-17 14:00 (UTC) to 2024-12-17 14:37 (UTC)Eligible Airdrop Users: Users who purchased PENGU in the Binance Spot market (excluding the project’s market makers and VIP 4 - 9 users).Airdrop Rules: Binance will airdrop 135,000,000 PENGU to eligible users who purchased PENGU on Binance Spot during the transaction snapshot period based on their spot purchase volume.
For example, User A purchased 10 PENGU at 2024-12-17 14:10 (UTC) and sold all their PENGU at 2024-12-17 14:47 (UTC). The amount of PENGU token they can receive will be:
(10 / Total amount of PENGU purchased by all eligible users during the transaction snapshot period) * 135,000,000 PENGU
Binance apologizes for any inconvenience caused to users. In addition to conducting a review with our data provider, Binance will implement measures to prevent recurrence, including exploring alternative and multiple data sources.
Thank you for your support!
Binance Team
2024-12-18
Note: This announcement was updated on 2024-12-18 to clarify the airdrop distribution will be credited to eligible users’ master accounts within 72 hours.
#LUNC Poised for Growth: Terra Classic’s Major Upgrade
In few hours, Terra Classic (LUNC) will undergo a key network upgrade at block height 21,163,600, with Binance suspending deposits and withdrawals to support the process. This upgrade signals renewed confidence 🆙 in the Terra ecosystem, potentially boosting performance and utility, positioning LUNA for a strong upward trajectory 🔥⬆️🤑.
See original
XRP
I have only 7$ only I want 7$ to 14$ what coin should buy ? $PEPE $DOGE
#XRP
Ripple will officially launch its enterprise-grade stablecoin, RLUSD, on December 17. Pegged 1:1 to the U.S. dollar, RLUSD will be natively issued on both the Ethereum and XRP Ledger blockchains.
Backed by a reserve of cash and cash equivalents, RLUSD is designed to deliver real-world utility while prioritizing transparency. Ripple has committed to a compliance-first approach, ensuring rigorous monthly audits by independent third-party firms to verify its reserve holdings.
This launch marks a significant move for Ripple as it expands into the competitive stablecoin market, positioning RLUSD as a challenger to industry leaders like Tether (USDT) and Circle’s USDC.
By combining transparency, compliance, and multi-chain functionality, RLUSD sets the stage for Ripple to make a major impact in the evolving stablecoin landscape.
Ripple will officially launch its enterprise-grade stablecoin, RLUSD, on December 17. Pegged 1:1 to the U.S. dollar, RLUSD will be natively issued on both the Ethereum and XRP Ledger blockchains.
Backed by a reserve of cash and cash equivalents, RLUSD is designed to deliver real-world utility while prioritizing transparency. Ripple has committed to a compliance-first approach, ensuring rigorous monthly audits by independent third-party firms to verify its reserve holdings.
This launch marks a significant move for Ripple as it expands into the competitive stablecoin market, positioning RLUSD as a challenger to industry leaders like Tether (USDT) and Circle’s USDC.
By combining transparency, compliance, and multi-chain functionality, RLUSD sets the stage for Ripple to make a major impact in the evolving stablecoin landscape.
LUNC prediction
#LUNC The suspension of deposits and withdrawals for Terra Classic (LUNC) on Binance due to the network upgrade can have several short-term and potential long-term effects on its price:
**Short-term Effects:**
- **Volatility Increase:** Typically, when deposits and withdrawals are suspended for a network upgrade, there might be an increase in price volatility. This is because traders might anticipate changes in the token's utility or supply dynamics after the upgrade, leading to speculative trad
**Short-term Effects:**
- **Volatility Increase:** Typically, when deposits and withdrawals are suspended for a network upgrade, there might be an increase in price volatility. This is because traders might anticipate changes in the token's utility or supply dynamics after the upgrade, leading to speculative trad
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