Contact Binance News: binancenews@binance.com

Updated April 22, 2024

How to Earn Commissions with  Binance News?

Want to not only stimulate lively discussions within your community but also earn commissions? Binance News introduces a Telegram bot that shares carefully curated news articles selected by our expert editorial team. We extend a warm invitation for you to seamlessly integrate this bot into your Telegram communities, providing your users with up-to-the-minute news and market insights.

When sharing news pieces with your followers, the bot will integrate your referral code into links. For every new user successfully referred to Binance via the links, the referrer will receive a commission on fees anytime the new referred user trades on any of Binance’s Spot or Margin markets. For more details, please refer to the Binance Standard Referral Mode Guide: https://www.binance.com/en/support/faq/binance-standard-referral-mode-guide-cbac15853b0243cda4a90c9c03ca0c38 . 

How Can You Get Started?

1) Add the bot (@OfficialBinanceFeedBot) to your Telegram groups or channels and grant it permission to send messages.

2) Check your Referral ID and decide whether to create one specifically for the bot (Learn more about how to get your Referral ID: https://www.binance.com/en/support/faq/how-to-use-binance-referral-program-e4df6cfe66d940debdc1c77d05ae3381)

3) After completing the two steps mentioned above, simply share your group or channel links along with your Referral ID with the Binance News team, and we'll take care of the rest with our tech team.

Note: Please contact us, and our technical team will assist you with the necessary configuration. Simply adding the bot as a group member will not successfully share news articles into the group. The bot is currently available in English, Simplified Chinese, and Traditional Chinese, with more languages coming soon.

Why Partner with Binance News?

Top-Quality Content for FREE

Traditionally, procuring content licenses from leading crypto media outlets could cost over $5000 USD monthly. Binance is revolutionizing this landscape by offering premium content to our valued partners at no cost.

Boost Your Credibility Through Partnership with Binance News

As the official news channel of the world's largest crypto exchange, Binance News boasts the highest number of followers on Binance Square. This underscores the trust and reliance placed in Binance News. By seamlessly integrating Binance News content into your platform, you not only provide invaluable insights to your users but also enhance the credibility of your brand.

About Binance News

Binance News (https://www.binance.com/en/feed/news/all) stands as the foremost news source within Binance Square, one of the world's largest crypto communities. Committed to delivering real-time market data and the latest trends, Binance News ensures your audience remains consistently ahead in the dynamic realm of cryptocurrency.

The global cryptocurrency market cap now stands at $2.36T, down by -3.76% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $62,794 and $65,298 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $64,506, up by 0.75%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include COS, REI, and W, up by 34%, 20%, and 13%, respectively.

Top stories of the day:

Bitcoin Bull Market Could Revive After a $1.4 Trillion US Liquidity Surge, Predicts Arthur Hayes

Shiba Inu Cryptocurrency Witnesses Surge in Large Transaction Volume

Grayscale Bitcoin Trust Sets Unusual Record for ETF Outflows

Cryptocurrency Update: Cardano, Solana, and Shiba Inu Face Challenges

US Judge Sets Schedule for Ripple's Motion Against SEC's New Expert Materials

SEC Accuses Geosyn Mining Co-Founders of Defrauding Investors

BNY Mellon Holds Bitcoin ETF From BlackRock And Grayscale, Reports Indicate

Hong Kong Exchange To Commence Trading Bitcoin And Ethereum Spot ETFs

Celsius Loan Creditors Plan To Appeal Restructuring Due To Low Asset Recovery Rate 

DYDX Token Report Released, 14.8% Of Total Supply Staked

Market movers:

ETH: $3151.15 (+0.36%)

BNB: $609.8 (-0.41%)

SOL: $144.32 (-1.64%)

XRP: $0.5261 (+0.02%)

DOGE: $0.15125 (+0.62%)

ADA: $0.4686 (-0.62%)

SHIB: $0.00002585 (+3.23%)

AVAX: $35.51 (+0.31%)

TRX: $0.11784 (+2.90%)

WBTC: $64433.47 (+0.51%)

Top gainers on Binance:

COS/USDT (+34%)

REI/USDT (+20%)

W/USDT (+13%)

On Apr 26, 2024, 09:13 AM(UTC). According to Binance Market Data, BNB has dropped below 610 USDT and is now trading at 609.700012 USDT, with a 0.29% decrease in 24 hours.

According to Cointelegraph: Bitcoin (BTC) could witness a revival of its bull market owing to upcoming shifts in the US economic landscape, anticipates Arthur Hayes, the ex-CEO of crypto exchange BitMEX.

TGA vs. RRP liquidity chart. Source: Arthur Hayes/X

Despite slimming odds for the US Federal Reserve to lower interest rates and stimulate liquidity influx into the economy, Hayes encourages market watchers to shift focus from the Fed to US Treasury Secretary Janet Yellen.

Scheduled for April 29, the US Treasury is set to issue the quarterly refunding documentation highlighting the government's liquidity management strategies. In Hayes' view, the two critical liquidity sources to watch are the Treasury General Account (TGA) and the Reverse Purchase Agreements (RRPs). 

"Expect a rally in stonks and most importantly a re-acceleration of the crypto bull market," says Hayes if either TGA gets drained, money gets pulled from the RRP pool, or a mix of both actions occur. This could result in a $1.4 trillion liquidity boost.

Amidst this backdrop, US spot Bitcoin Exchange-Traded Funds (ETFs) continue to gain their audience foothold. Despite marking the most fruitful ETF launch in history, ETF analyst at Bloomberg, Eric Balchunas, doesn't perceive the recent inflow cooling as a cause for alarm.

U.S. spot Bitcoin ETF AUM chart. Source: Eric Balchunas/X

Cathie Wood, CEO of ARK Invest - a spot Bitcoin ETF provider, foresees an acceleration of this trend despite small allotments so far.

According to U.Today, Shiba Inu (SHIB), a dog-themed cryptocurrency, has experienced a significant 61.39% increase in large transaction volume, typically indicative of whale activity. Large transaction volume is a key metric from IntoTheBlock that shows the total amount transacted by whales on a specific day. High activity among whales, either buying or selling, is often signaled by spikes in large transaction volumes.

In recent times, there has been a decline in the volume of large transactions for SHIB exceeding $100,000. SHIB saw a substantial drop in large transaction volume, plummeting from 6.36 trillion SHIB on April 19 to 2.06 trillion SHIB on April 20. Since then, Shiba Inu's large transactions have remained steady between two trillion SHIB and 3.73 trillion SHIB, until a sudden increase on April 24. Large transaction volumes rose from 3.73 trillion SHIB on April 23 to 6.23 trillion SHIB on April 24. The monetary value of large transactions in the past 24 hours hit $162.45 million, a seven-day high.

This increase in large transaction volume is particularly noteworthy as it coincides with a broader market downturn, with major cryptocurrencies losing between 4% and 20%. Despite a 13% rise in the previous seven days, Shiba Inu was not immune to the bearish trend, falling 8.69% in the last 24 hours to $0.00002486. The resurgence of whale activity could indicate renewed interest in the dog-themed token, especially as whales often use correction periods to accumulate at a discount. The rise in transaction volume could suggest that large investors are repositioning themselves in the market, potentially in anticipation of future price movements.

The return of SHIB whales also coincides with a period of increased enthusiasm: Shiba Inu has recently secured $12 million in funding, positioning it to become a significant player in the crypto market. As SHIB whales return, investors and traders will be closely watching market trends for indications about the cryptocurrency's price trajectory.

According to U.Today, Justin Bieber's foray into non-fungible tokens (NFTs) has seen a considerable downturn, with the value of his investments experiencing a significant drop. Data from Arkham Intelligence reveals that Bieber's NFT investments, which totaled over $2 million in 2022, have depreciated by about 95%, now valued at just over $100,000.

Bieber's NFT portfolio decline is reflected in the fate of his acquisitions. Initially, his wallet received a substantial sum of $2.34 million in Ethereum (ETH), which he used to purchase two Bored Apes and two Mutant Apes, totaling $1.86 million. He also invested in various other tokens, including a World of Women token, two Doodles, an Otherdeed, and a Metacard. These tokens have seen significant value declines ranging from 89.7% to 97.4%.

Despite the substantial losses, Bieber's wallet still holds some value, currently containing just under $500,000 in Ethereum (ETH) and APE tokens. He continues to hold one Bored Ape and one Mutant Ape, although their combined value has decreased to approximately $47,300.

Celebrity involvement in cryptocurrency reached its peak during the latter stages of the previous bull cycle in late 2021. Celebrities such as Eminem, Justin Bieber, and rapper Future were reported to be participating in the crypto space, either by purchasing popular NFT collections like Bored Apes or by adopting symbols like laser eyes on their social media avatars. However, the subsequent downturn in the crypto market has led to significant adjustments in their investments.

While Bitcoin's price has rebounded impressively since hitting rock bottom in late 2022, soaring over 400% and setting new all-time highs, the market has yet to fully recover to its 2021 fervor. Bieber's experience serves as a stark example of this reality, with his NFT investments recording a substantial loss despite the recent resurgence in cryptocurrency prices.

According to U.Today, Grayscale Bitcoin Trust (GBTC) has set a unique record as a global Exchange Traded Fund (ETF) product with an unusually high underperformance. Bloomberg Senior ETF Analyst Eric Balchunas reported that GBTC has sustained a 72-day outflow streak, a record unmatched by any other known ETF in the industry. This trend has been ongoing since spot Bitcoin ETFs were approved in the United States in January, with investors consistently withdrawing funds, albeit at varying rates.

Balchunas's statement has sparked reactions from the community, with many attributing GBTC's underperformance to the firm's fee decisions. At its inception, while other issuers set a minimal fee, Grayscale announced it would charge 1.5%, a significant amount compared to the average 0.2% charged by its competing ETF issuers. Grayscale executives defended this decision, arguing that GBTC's legacy and the expertise of its team would render the fees insignificant in the long run. However, current data trends are being viewed as a major red flag that may not bode well for Grayscale in the near future.

The spot Bitcoin ETF market appears to be gradually losing momentum. This observation is based on the recent break in the stellar performance of BlackRock’s IBIT. The Bitcoin ETF recorded its first halt in inflow earlier this week, indicating a potential shift away from risk assets. This drop coincided with a period of intense bearish volatility in the price of Bitcoin. At the time of writing, the premier asset is trading at $63,628.56, down by 2.1% in the past 24 hours. Given the bearish Bitcoin outlook, the short-term trends of BTC and their potential impact on GBTC remain uncertain.

According to U.Today, Dogecoin (DOGE), the most prominent meme cryptocurrency, has developed a head and shoulders pattern, as reported by cryptocurrency trader Josh Olszewicz. This popular reversal pattern is frequently used by traders to predict the onset of a downtrend. The reversal point on the left side of Olszewicz's chart is referred to as 'the left shoulder.' The peak is known as 'the head' of the pattern, while the right shoulder signifies another reversal point, which, along with the left reversal point, forms the neckline. The price of Dogecoin could potentially break the neckline, thus creating a lower low. If this happens, the bearish pattern would be deemed complete.

This price pattern essentially indicates a loss of bullish momentum when the price fails to make a higher high. At the time of writing, Dogecoin is trading at $0.15 on major spot exchanges, down more than 4.2% over the past 24 hours, mirroring the performance of the broader cryptocurrency market.

In other news, Bitcoin, the leading cryptocurrency, briefly fell below the $63,000 level before bouncing back to $63,622. Analytics firm Fitch suggests that a potential Federal Reserve rate cut may be unlikely this year, given recent economic data indicating slowing GDP growth and rising inflation in the U.S. The firm stated that if growth continues to decelerate slowly, but inflation strongly surges in the wrong direction, the prospect of a Fed interest rate cut in 2024 is becoming increasingly unlikely. Futures traders are now pricing in zero rate cuts for 2024, a significant reversal from earlier expectations of three rate cuts this year. This hawkish shift could negatively impact cryptocurrencies, particularly meme coins, as risk assets typically benefit from a loose monetary policy, which does not appear to be on the cards for 2024.

According to U.Today, Cardano (ADA) is experiencing a difficult period, having fallen below the 200-day Exponential Moving Average (EMA), often seen as a bearish signal. However, there is some optimism as trading volume has started to increase after ADA hit what some believe to be a local bottom. This could indicate a resurgence of interest in ADA at these lower price levels, potentially a positive sign for its short-term prospects. The next significant support for ADA is at the $0.40 mark. If ADA can stay above this level, it could lay the groundwork for a potential recovery.

Solana (SOL) has recently experienced a significant reversal. After a period of bullish movement, SOL was rejected at the 26-day EMA and has since retreated sharply, breaking through a key support level. This has resulted in a drop below the expected support, bringing the next critical level into focus — the 100 EMA, standing at around $139. The current trading volume is decreasing, which might suggest a decrease in market volatility in the coming days. Amid a bearish trend, this decreasing volume could signal a slowing down of downward momentum, which, in the midterm, could be a positive sign for the asset.

Shiba Inu (SHIB) is at a significant turning point. Recently, SHIB faced a setback as it attempted to break through the 50-day EMA. The failure to push past this mark and the subsequent retreat signal a cooling of momentum for the meme coin. The market's momentum, or lack thereof, can be partly understood by looking at the trading volume, which remains neutral. This suggests a current lack of conviction among traders, which is often necessary to drive substantial price movements. The closest notable support level for SHIB is now at $0.000021, which may offer a springboard for a potential reversal if the level holds firm.

According to U.Today, Sarah Netburn, a US Magistrate Judge for the United States District Court for the Southern District of New York, has set a schedule for Ripple's motion to strike new expert materials submitted by the U.S. Securities and Exchange Commission (SEC). The SEC has until April 29 to respond to the motion, after which Ripple will have three business days to file its reply.

Ripple recently opposed the SEC's motion for remedies, asking the court to reject the agency's request for disgorgement and prejudgment interest. The San Francisco-based company also argues that the SEC's civil penalty should not exceed $10 million, while the regulator is seeking approximately $2 billion in fines and penalties.

Ripple has also moved to strike the SEC's new expert materials, which include a declaration and two supporting exhibits prepared by Andrea Fox, an Assistant Chief Accountant in the SEC’s Division of Enforcement. Ripple contends that it did not have the opportunity to take Fox's deposition and that reopening remedies discovery to do so would result in unnecessary expense and delay.

The company further claims that the SEC was obligated to disclose Fox as an expert witness before the end of discovery. Ripple argues that this obligation cannot be circumvented by merely describing her as a summary witness. As a result, Ripple is urging the court to strike her declaration due to the SEC's late disclosure.

According to Foresight News, Mode Network's Total Value Locked (TVL) has reached $417 million, marking a significant increase of 41.58% within a week. The data, provided by L2BEAT, highlights the substantial growth experienced by Mode Network in a short span of time. This surge in TVL indicates a growing interest and trust in the platform among investors. However, it's important to monitor these trends closely as the digital asset market is known for its volatility.

According to PANews, Yao Qian, the Director of the Science and Technology Regulatory Department and the Director of the Information Center of the China Securities Regulatory Commission (CSRC), is currently under investigation for serious disciplinary and legal violations. The Central Commission for Discipline Inspection and the State Supervisory Commission stationed at the CSRC, along with the Guangdong Provincial Commission for Discipline Inspection and Supervision, are conducting the disciplinary review and investigation. Yao Qian is being investigated by the Shanwei City Supervisory Committee in Guangdong Province. Further details about the investigation or the specific allegations against Yao Qian have not been disclosed.

According to Foresight News, the annual ZPrize competition, aimed at promoting the use and development of zero-knowledge cryptography, has announced this year's winners. The winners list is a valuable reference for those seeking potential projects in the ZK field.

In the FPGA and GPU track, Marco of @StorSwift won Prize 1A (GPU acceleration). The winner achieved a speed of 430 ms in the competition for accelerating scalar multiplication operations on the GPU, an improvement of 17.5% on the benchmark. The StorSwift team is dedicated to maintaining the forefront of blockchain security and privacy technology, promoting the development of Zero-Knowledge Proof (ZKP) technology, and ensuring the security and privacy of blockchain transactions and applications. They have established enduring technical partnerships with Intel, AMD, and NVIDIA, exploring scalable computing platforms and heterogeneous computing in distributed and edge computing.

Special nominations in this category went to Yrrid Software and @Snarkify_ZKP. Yrrid Software won Prize 1B (FPGA). In the FPGA (Field Programmable Gate Array) track, Yrrid Software delivered the fastest average implementation. Yrrid is a small company dedicated to quality engineering, founded in 1992. The ZPrize submission was completed by three engineers with over 20 years of software development experience.

In the WASM (Accelerated Elliptic Curve Operations and Finite Field Arithmetic) track, Yrrid Software and @Snarkify_ZKP won Prize 2A. The winners achieved a speed of 940 MS, a 150-fold improvement on the benchmark. Snarkify's main product is Snarkify Cloud, a cloud-based Function as a Service (FaaS) platform designed for ZK developers. The service allows ZK applications to be deployed to the cloud with one click, allowing developers to focus on their application logic, with all infrastructure and maintenance work handled by the Snarkify team.

In the high-throughput signature verification track, Prize 3 was jointly won by ZProof and the PolyU Team.

The 10 Most Searched Token on Binance.com Today.

1. $PEPE: +2.48%
2. $BOME: +0.91%
3. $HBAR: +3.28%

🚀 Explore more on Binance Square now: https://www.binance.com/square

According to BlockBeats, ConsenSys founder Joseph Lubin has announced that any DEGEN tips received will be used to protect the Ethereum ecosystem. This statement was made on April 26 during a Warpcast session.

Previously, it was reported that ConsenSys, an Ethereum infrastructure development company, had filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). The company accused the SEC of 'illegally monopolizing' Ethereum. ConsenSys is seeking a federal court declaration that Ethereum is not a security. The company argues that any investigation into ConsenSys based on the idea that Ethereum is a security would 'violate' the company's Fifth Amendment rights and the Administrative Procedure Act.

Furthermore, ConsenSys maintains that MetaMask is not a broker under federal law, and that MetaMask's staking services do not violate securities laws. The company is also seeking a prohibition on the SEC from investigating or taking enforcement action related to MetaMask's exchange or staking functions.

According to BlockBeats, data from Greeks.live reveals that 96,000 BTC options are set to expire soon, with a Put Call Ratio of 0.68 and a pain point at $61,000, representing a nominal value of $6.2 billion. Additionally, 990,000 ETH options are also nearing their expiry date, with a Put Call Ratio of 0.51 and a pain point at $3,100, representing a nominal value of $3.1 billion.

The crypto market has seen a significant decrease in trading volume this week, with Bitcoin and Ethereum experiencing low-level fluctuations. This market weakness has led to a substantial drop in the Implied Volatility (IV) across all major terms, with the Dvol decreasing by as much as 15% since the halving. This lack of volatility post-halving has resulted in an accelerated sell-off by many options sellers.

The recent outflow of ETF funds and a generally gloomy market sentiment, as mentioned last week, indicate that 'whales' are lacking confidence in the future market. This trend appears to be continuing, with significant resistance to Bitcoin returning to its historical high.

According to Foresight News, DWF Labs has announced the official listing of TOKEN, SIS, XAI, BCUT, CPOOL, BBL, NAKA, and WMT's USDT trading pairs on its institutional over-the-counter (OTC) platform, Liquid Markets. This development is expected to provide more trading options for users of the platform.

The introduction of these new trading pairs is part of DWF Labs' ongoing efforts to expand its offerings and cater to the diverse needs of its institutional clients. The company has not provided further details about the new listings at this time.

DWF Labs is known for its commitment to providing a wide range of trading options for its users. The addition of these new USDT trading pairs is expected to further enhance the trading experience on the Liquid Markets platform.

According to Foresight News, Leonidas, the co-founder of Ord.io, has confirmed his attendance at the Bitcoin Devcon event where he will deliver a speech on Demo Day. The event is scheduled to take place at the Hong Kong Science Park from May 7 to May 8. The event is being organized by UTXO Management, co-hosted by Satoshi Lab, and supported in collaboration by Yakihonne and Web3port, with Techub News as the event's host.

Ord.io is a marketplace for inscriptions and runes, allowing users to search, browse, and interact with inscriptions and runes on the Bitcoin blockchain.

According to PANews, Ethereum co-founder Vitalik Buterin recently expressed his views on the centralization of Proof of Work (PoW) on an unnamed platform. He stated that PoW is quite centralized, but it is not discussed as much because everyone understands that it is only a temporary phase before the transition to Proof of Stake (PoS).

Buterin did not delve into how we might primarily avoid Application-Specific Integrated Circuits (ASICs), simply because the impending switch to PoS means there is no incentive to build them. His comments highlight the ongoing debate in the crypto community about the centralization and decentralization of blockchain technologies.

The Ethereum co-founder's remarks come at a time when the crypto industry is preparing for the transition from PoW to PoS, a move that is expected to address issues of scalability and energy consumption. Buterin's comments underscore the temporary nature of PoW and the anticipation for the switch to PoS.

According to Foresight News, Creator.bid, a platform for digital content monetization and ownership, has successfully completed a new round of funding. The specific amount raised has not been disclosed. The investors in this round include Mechanism Capital, Zee Prime Capital, Moonrock Capital, Cogitent Ventures, Momentum 6, ID Theory, NxGen.lens, HV Capital, MH Ventures, SkyVision Capital, MQdao, AlfaDAO, Tempo, and Silvermine Capital.

Creator.bid provides support for content creators to build AI-driven digital assets. This enables them to monetize their content and manage their writing. Additionally, the platform offers tools that enhance creators' autonomy over their work and income.