Binance has just announced its 63rd project on Launchpool called Bio Protocol (BIO). This is a selection and liquidity provision protocol for Decentralized Science (DeSci).

Details about Bio Protocol (BIO):

Total token supply: 3,320,000,000 BIO.
Rewards on Launchpool: 99,600,000 BIO (accounting for 3% of total supply).
Initial circulating supply: 1,296,529,168 BIO (accounting for 39.05% of total supply).

Time and method of participation:

Farming time: From 07:00 on December 24, 2024, to 07:00 on January 3, 2025 (Vietnam time).
How to participate: Users can stake BNB and FDUSD into separate pools to receive BIO tokens.

Note:

KYC verification is required to participate.
Detailed information about the smart contract and specific instructions will be updated by Binance on the official announcement page.

Today, December 24, 2024, the cryptocurrency market continues to fluctuate with many notable developments.

The price of Bitcoin has decreased for the fourth consecutive session, currently trading around 94,000 USD, marking a weakening after the post-election rally.

The main reason for this decline is the "hawkish" stance of the Federal Reserve (Fed), with signals of tightening monetary policy, putting pressure on risk assets such as cryptocurrencies.

Although the price of Bitcoin is on a downward trend, the market is showing signs of recovery.

Overall, the cryptocurrency market is facing pressure from macroeconomic policies and investor caution in light of recent fluctuations.

Additionally, according to Forbes' forecast, the cryptocurrency industry could witness significant developments in 2025, including wider adoption and new regulations.

At the same time, Grayscale has launched a private offering for 22 cryptocurrency trust funds, indicating increasing interest from institutional investors.

However, the market still harbors many risks and volatility, requiring investors to be cautious and closely monitor economic and global policy developments.
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The cryptocurrency market and events affecting the market on December 23, 2024:

Bitcoin price volatility:

Bitcoin price: Bitcoin price slightly decreased to $95,000, due to the "hawkish" stance of the U.S. Federal Reserve (Fed) putting pressure on the market.

Events affecting the market:

SEC fines subsidiary of Jump Trading: The U.S. Securities and Exchange Commission (SEC) fined a subsidiary of Jump Trading $123 million for misleading investors related to LUNA-UST.

Tether invests in Rumble: Tether has invested $775 million in the video platform Rumble, expanding its presence in the digital media sector.

Long-term holder sells Bitcoin: Long-term investors have sold 1 million Bitcoin since September, indicating a shift in investment strategy.

Donations for Trump's inauguration: Many cryptocurrency companies have donated millions of dollars to fund President Donald Trump's inauguration.

BPCE bank offers crypto investment services: France's second-largest bank, BPCE, has launched cryptocurrency investment services for clients, marking a significant step in the acceptance of cryptocurrency in Europe.

These events indicate that the cryptocurrency market is experiencing significant volatility, with increasing participation from traditional financial institutions and important legal moves.
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Report on the cryptocurrency market situation on December 22, 2024:

1. Price fluctuations of major cryptocurrencies:

Bitcoin (BTC):
Current price: 97,029 USD
Change from the previous day: down 1.125 USD (-1.15%)
Highest price of the day: 98,343 USD
Lowest price of the day: 95,839 USD

Ethereum (ETH):
Current price: 3,378.54 USD
Change from the previous day: down 80.29 USD (-2.32%)
Highest price of the day: 3,458.83 USD
Lowest price of the day: 3,297.61 USD

BNB (BNB):
Current price: 666.30 USD
Change from the previous day: down 12.74 USD (-1.88%)
Highest price of the day: 679.04 USD
Lowest price of the day: 650.61 USD

Tether (USDT):
Current price: 0.999387 USD
Change from the previous day: down 0.00028 USD (-0.03%)
Highest price of the day: 1.002 USD
Lowest price of the day: 0.996646 USD

XRP (XRP):
Current price: 2.27 USD
Change from the previous day: down 0.05 USD (-2.16%)
Highest price of the day: 2.32 USD
Lowest price of the day: 2.18 USD

2. Commentary:
The cryptocurrency market is undergoing a correction phase after reaching record highs. Investors should closely monitor macroeconomic developments and monetary policy from central banks, especially the Fed, to make informed investment decisions.

Note: The information above is compiled from reliable sources and may change over time. Investors should seek further advice and carefully consider before making investment decisions.
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Key events in the industry:
Coinbase announces plans to expand operations into Southeast Asia, targeting potential markets such as Vietnam and Thailand.

MicroStrategy continues its policy of purchasing more Bitcoin. Today, the company bought an additional 2,000 BTC, bringing its total assets to over 160,000 BTC. This is part of a long-term strategy to solidify its position as one of the largest Bitcoin investors in the world.

Riot Platforms and Marathon Digital Holdings:
These two leading Bitcoin mining companies are facing pressure from rising electricity prices in the U.S. To cope, they have announced plans to use renewable energy to reduce costs and meet sustainable development standards.

3. Situation in the European region:
The European Central Bank (ECB) has published a report showing that the percentage of consumers in the Eurozone holding cryptocurrency has increased to 9% by 2024. This is a positive signal for the development of the industry, especially as regulations are becoming increasingly clearer.

4. General assessment:
The cryptocurrency market is in a phase of adjustment with accompanying opportunities and risks. In the short term, macroeconomic factors such as the Fed's interest rate policy and investors' profit-taking sentiment will continue to have a significant impact on prices. However, the expansion of large institutions like Coinbase and MicroStrategy indicates the long-term growth potential of the industry.

Investors need to closely monitor new developments while being cautious of legal risks and fraud in the industry.
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Today, the cryptocurrency market has recorded notable fluctuations, including significant events related to major companies and organizations in this field.

1. Market developments:
Bitcoin (BTC):
The price of Bitcoin increased slightly compared to the previous day, trading around 98,314 USD. However, the volatility remains quite high with the highest price reaching 99,496 USD and the lowest at 92,192 USD. This adjustment reflects a cautious market sentiment, especially as large investors are gradually taking profits.

Ethereum (ETH):
Ethereum surged with the current price at 3,447.85 USD, recording a 10.43% increase for the day. The growth momentum comes from the continued expansion of DeFi protocols and the acceptance by major institutions.

XRP:
XRP reached a price of 2.31 USD, up 16.08% for the day. News of favorable recent legal cases has helped this cryptocurrency attract investor attention.

Investors need to closely monitor new developments while being cautious of legal risks and scams in the industry.

Mr. Trump wants to establish a reserve fund, Bitcoin predicted to reach $800,000❗️❗️

President Donald Trump has confirmed plans to establish a national strategic Bitcoin reserve fund. He expects the U.S. to lead this industry ahead of other countries.
According to Forbes, President-elect Donald Trump recently confirmed plans to establish a strategic Bitcoin reserve fund.

"We are going to do something great with cryptocurrency. We do not want China or anyone else to lead... Many other countries are approaching cryptocurrency and we must find a way to get ahead," Mr. Trump shared on CNBC.

In July, while still a Republican candidate, Mr. Trump committed to creating a national Bitcoin reserve fund. The leader also predicted that Bitcoin's market capitalization could surpass the size of the gold market (valued at $16 trillion) in a speech at the 2024 Bitcoin Conference.

If Mr. Trump's proposals for the cryptocurrency community succeed, the potential of Bitcoin is limitless, as the supply of Bitcoin is fixed,” Perianne Boring, founder of the Digital Chamber of Commerce, commented.

Additionally, Boring noted that based on technical models, the price of Bitcoin could exceed $800,000 by the end of next year. This would raise Bitcoin's market capitalization to about $15 trillion, nearly 8 times its current value.
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The cryptocurrency market has continued to decline in the past 24 hours, showing no signs of recovery.

Following the impact of the latest statement by the Chairman of the US Federal Reserve (Fed) Jerome Powell on the prospect of interest rate cuts in 2025, the price of Bitcoin and many other cryptocurrencies has continued to be adjusted in the past hours.

Previously, although the Fed had decided to cut interest rates by another 0.25% in the new meeting held on December 18 (US time), Mr. Powell's subsequent comments startled the entire financial world. Specifically, the head of the Fed said that because the US economy still has many signs of instability, as well as inflation remains high, the Fed may reduce the frequency of interest rate adjustments in 2025 to curb inflation.

This news immediately caused Bitcoin price to drop below the $100,000 mark on the morning of December 19, while the US stock market “evaporated” more than $1 trillion in capitalization.

By the morning of December 20, Bitcoin continued to fall another 3.5% to below $96,000. Red also flooded the market as top altcoins lost another 8-12% of their value.

Ethereum price dropped to $3,350, erasing the growth achieved in December. Similarly, SOL also dropped to $190 at times, while BNB dropped to $650.

The only two exceptions were Movement (MOVE) and memecoin Fartcoin (FARTCOIN), which went against the market trend when growing by over 30% compared to 24 hours ago.

Data from CoinGlass shows that the total value of derivatives liquidations in the past 24 hours reached over $1.03 billion, with longs accounting for 83.5%.
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Today, December 19, 2024, the cryptocurrency market is proving a downward adjustment after strong recent increases.

Ethereum (ETH) also fell 4.73%, trading at $3,702.5.

Other cryptocurrencies such as BNB, XRP, Cardano (ADA), Dogecoin (DOGE), Solana (SOL), Polkadot (DOT), Litecoin (LTC), and Chainlink (LINK) all recorded declines of 2% to 9% in the past 24 hours.

This adjustment comes after Bitcoin reached a record high of over $108,000 on December 18, 2024.

The main reason is attributed to the safe actions of advisors and cautious sentiment before the decision on interest rates by the U.S. Federal Reserve (Fed).

Despite the short-term adjustment, many experts remain optimistic about the long-term development of the cryptocurrency market, especially as financial institutions and businesses continue to show interest and invest in this sector.

However, advisors should maintain caution, monitor market activities and economic information ⚠️⚠️❗️

⚠️⚠️ The Fed lowers interest rates but will cut less in 2025 due to high inflation

The U.S. central bank lowered interest rates on Wednesday, but Federal Reserve Chairman Jerome Powell stated that further cuts to borrowing costs depend on further progress in lowering inflation, remarks that indicate policymakers are beginning to take into account the prospect of comprehensive economic changes under the upcoming Trump administration.

Powell's clear - and repeated - reminders of the need for caution from here have sent Wall Street into a tailspin, causing stocks, gold, and crypto to drop sharply and prompting the market to revert to estimates of borrowing costs that may decrease in the coming year.

AFTER FOMC
• S&P 500 down 3%
• NASDAQ 100 down 3.6%
• Gold down 2%
• Bitcoin down 4%
• Altcoin down a little more

But fundamentally, there is an opportunity to add more to your portfolio, guys ☄️☄️ Buy on the fear.