Binance Market Update: Top Stories December 15, 2024
According to CoinMarketCap data, the global crypto market cap is $3.62T, a 0.37% decrease over the last day.Bitcoin (BTC) traded between $100,609 and $102,850 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $102,026, up by 0.37%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include UTK, VIB, and DF, which are up 60%, 22%, and 16%, respectively.Top stories of the day:Bitcoin Miners Sell Over 140,000 BTC in December, Data ShowsU.S. Spot Bitcoin ETFs Record $1.688 Billion in Net Inflows Over Four DaysU.S. Senator Suggests Government Acquire 5% of Bitcoin Supply, Sparking Market Volatility ConcernsBlackRock's Ethereum and Bitcoin ETFs Attract Over $20 Million in InflowsCrypto Developer Growth Slows in 2024 But Long-Term Trends Remain StrongMarket movers:ETH: $3853.49 (-1.58%)XRP: $2.405 (-2.14%)SOL: $218.66 (-3.28%)BNB: $709.7 (-1.93%)DOGE: $0.39835 (-2.20%)ADA: $1.071 (-3.18%)TRX: $0.2801 (-5.53%)AVAX: $49.36 (-7.88%)LINK: $28.73 (-3.78%)SHIB: $0.00002743 (-3.25%)
Binance Earn Introduces On-chain Yields with the Launch of Babylon BTC Staking
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Earn is excited to announce the launch of On-chain Yields, which allows users to easily participate in various on-chain protocols and earn rewards directly through their Binance account. The first supported offering is Babylon BTC Staking, where users can stake their BTC and earn on-chain rewards sourced from the Babylon Protocol. The subscription will be available at 2024-12-09 06:00 (UTC), with a limited quota of 1,000 BTC on a first-come, first-served basis. The minimum and maximum subscription amounts per account are 0.05 BTC and 5 BTC, respectively. Please note that the On-chain Yields page will be available at 2024-12-09 04:00 (UTC). Benefits of On-chain Yields Earn Rewards: Users can participate in on-chain protocols through Binance and earn rewards in tokens, points, and other forms.Easy to Use: Binance manages the on-chain protocol integration and operations, allowing users to access on-chain earnings without needing complex setups.Redeem Anytime: Users can redeem the subscription anytime and enjoy a shorter redemption time than staking directly on-chain. Risks of On-chain Yields On-chain Yields is a high-risk product with rewards dependent on the specific protocol, and rewards are not guaranteed. Each protocol may carry various risks, including but not limited to: Smart Contract Vulnerabilities: On-chain protocols may have technical vulnerabilities, and users bear the risks associated with smart contract functionality.Market Volatility: Returns from on-chain protocols may fluctuate with market conditions, potentially leading to asset devaluation.Protocol Failure: Operational or technical issues within on-chain protocols may result in asset losses. We recommend that users conduct thorough research to understand the potential risks associated with their selected protocols before participating in On-chain Yields. Binance is not liable for any asset losses due to on-chain protocol issues. For more information please refer to our On-chain Yields Terms, Terms of Use, and Risk Warning. How to Get Started with Babylon Staking on On-chain Yields: Website Step 1: Click on [Earn] on the top navigation menu. Step 2: Navigate to [High Yield] > [On-chain Yields].Step 3: Click on [Subscribe] and confirm your stake amount and estimated rewards. App Step 1: Tap on [More] on the App homepage.Step 2: Go to [Earn] > [On-chain Yields].Step 3: Choose your preferred portfolio and tap [Subscribe] to get started. About Binance On-chain Yields Binance On-chain Yields allows users to easily participate in various on-chain protocols and earn tokens, points, and other rewards directly through their Binance account. With On-chain Yields, users can explore high-yield opportunities within Binance without performing complex on-chain setups or operations. About Binance Babylon BTC Staking Binance Babylon BTC Staking is the first on-chain staking offering supported by Binance On-chain Yields, with its underlying returns sourced from the Babylon Protocol. Binance facilitates this process by helping users stake their BTC into the Babylon Protocol, enabling them to earn rewards provided by Babylon. Babylon is a Bitcoin staking protocol that allows BTC holders to stake their Bitcoin and earn rewards from the protocol. By participating in Babylon BTC Staking, users receive Babylon Points. These points do not represent any form of currency or property and are not redeemable, refundable, or transferable. Please note: On-chain Yields is a high-risk product with no guarantee of principal or returns. It involves risks such as smart contract vulnerabilities, market volatility, protocol failure, and other potential risks. Users bear these risks independently, and Binance is not liable for losses from on-chain protocols. Points earned through On-chain Yields are not tokens, have no monetary value, and may not be converted into tokens or other assets. They are non-redeemable, non-refundable, and non-transferable. Binance determines the redemption and distribution of points rewards based on the progress of each protocol. We recommend that users conduct their own research into the on-chain protocols to understand the utilities and limitations of the points before participating. 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. Guides & Related Materials: Introduction to Binance On-chain Yields Thank you for your support! Binance Team 2024-12-05
Binance Will Support the IoTeX (IOTX) Network Upgrade & Hard Fork
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2024-12-17 01:20 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the IoTeX (IOTX) network to support its network upgrade and hard fork to ensure the best user experience. The network upgrade and hard fork will take place at the block height of 33,730,921, or approximately at 2024-12-17 02:20 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.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. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2024-12-06
Donald Trump Warns BRICS Over Moves Against Dollar. 🇺🇸⚔️🇷🇺
The global economic order is shifting as the BRICS bloc—Brazil, Russia, India, China, and South Africa—intensifies efforts to challenge the U.S. dollar's dominance. With its recent expansion to include nations like Iran, Saudi Arabia, and the UAE, BRICS aims to create a multipolar financial system less reliant on Western frameworks.
Key initiatives include promoting local currencies, leveraging the Chinese yuan, and exploring blockchain technologies. These moves could shield members from U.S. sanctions and reduce external economic pressures, presenting a direct challenge to American influence.
Former President Donald Trump has responded with stark warnings, vowing tariffs and restricted market access for nations undermining U.S. dominance. This conflict represents more than economic rivalry—it’s a clash over global trade’s future.
As BRICS innovates and the U.S. defends its position, the stakes are high, promising a transformative shift in international trade and financial sovereignty. The world watches as this economic battle shapes the future.
Bitcoin Soars Past $103,000 Following Trump's Pro-Crypto Nominee for SEC
Bitcoin prices have reached a new all-time high above $100,000 as markets continue to march upwards. Bitcoin prices surged to a record high of $103,630 during early trading in Asia on Thursday, Dec. 5, according to Tradingview on Binance. The breakout of consolidation added more than 7% over the past 12 hours as the asset climbed from an intraday low of around $95,000. Bitcoin has now made a whopping 140% year to date, outperforming most traditional assets. The latest move has also pushed its market capitalization over $2 trillion for the first time in history. Bitcoin at Six Figures Analyst Miles Deutscher commented, “The ideal scenario for $BTC would be closing above on the daily, consolidating for a few days between $100k and $105k, then smashing to $120k. Meanwhile, Bitcoin pioneer Anthony Pompliano said $100,000 is a psychological milestone before adding: “Every boomer is waking up to headlines tomorrow and then going to buy some Bitcoin just in case they were wrong. Welcome to the next phase of the game.” The big move followed the news that President-elect Donald Trump selected Paul Atkins to replace outgoing Securities and Exchange Commission Chair Gary Gensler. Trump has vowed to wind down the Biden administration’s war on crypto, which was primarily led by the SEC and Gensler. Additionally, Russian President Vladimir Putin said at an economic forum in Moscow that nobody can prohibit the use of Bitcoin and other cryptocurrencies, reported Bloomberg. As BTC hit the six-figure milestone, ETF Store president Nate Geraci posted a list of quotes from bankers, politicians, and billionaire boomers deriding the asset over the past few years. It is unclear how high the asset will go since a Mt. Gox wallet transferred 24,052 BTC worth around $2.43 billion to a new wallet after the price broke $100,000, reported Lookonchain on Dec. 5. Crypto Market Cap ATH The total crypto market cap surged to a record high of $3.87 trillion following the big Bitcoin move, which pulled everything else up with it. Ethereum (ETH) has broken out also, tapping $3,924 as it pushes towards the psychological $4,000 barrier. Memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) were also making larger gains, as were Polkadot (DOT), Bitcoin Cash (BCH), and Sui (SUI).#BTC100K! #CryptoHistoricMoment #bitcoin☀️ $BTC please follow for more news and analytics
Can $BTTC Reach $1 and Make You a Millionaire? Let’s Break It Down.
The idea of $BTTC hitting $1 and creating millionaires is exciting but requires a closer look. Here’s a realistic perspective:
Current Status of $BTTC
Current price: ~$0.000003 (prices change quickly, so verify the latest).
Market cap and trading volume are critical factors influencing price movements.
What Would It Take for $BTTC to Hit $1?
Massive Market Cap Growth: $BTTC’s total value would need to skyrocket, demanding widespread adoption and huge liquidity.
Technological Progress: Innovations or breakthroughs to attract major adoption and utility.
Favorable Market Trends: Bull markets and mainstream acceptance would be essential.
The Millionaire Math
To become a millionaire at $1 per token, you’d need 1,000,000 tokens.
At the current price of $0.000003, this would cost you approximately $3.
Risks and Considerations
1️⃣ Volatility: Cryptocurrencies are known for wild price swings. 2️⃣ Speculation: Predictions about $1 are speculative, not guarantees. 3️⃣ Research Matters: Informed decisions are better than chasing hype.
The Bottom Line
While $bttc reaching $1 is not impossible, it’s an uphill challenge requiring monumental shifts in market dynamics. Becoming a millionaire through $bttc would need patience, a solid investment strategy, and a bit of luck.
🚨 Always DYOR (Do Your Own Research) and invest responsibly.
$235.93, $235.31, $232.29, $231.40 (near current price range)
SOL/USDT is showing a modest decline of 1.41% in the last 24 hours. The price is fluctuating between the support level of $222.95 and the resistance at $241.00. With the market hovering around the $232.29 mark, a possible rebound may occur if it holds near the support. Traders should keep an eye on price movements for entry signals.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct thorough research and manage risks responsibly before trading.