Bini Ethiopia

Binance Futures Will Launch USDⓈ-Margined FIOUSDT Perpetual Contract With up to 75x Leverage
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the FIOUSDT Perpetual Contract at 2024-09-20 11:30 (UTC) with up to 75x leverage.
More details on the aforementioned perpetual contract can be found in the table below:
USDⓈ-M Perpetual Contract
FIOUSDT
Launch Time
2024-09-20 11:30 (UTC)
Underlying Asset
FIO Protocol (FIO)
Settlement Asset
USDT
Tick Size
0.00001
Capped Funding Rate
+2.00% / -2.00%
Funding Fee Settlement Frequency
Every Four Hours
Maximum Leverage
75x
Trading Hours
24/7
Multi-Assets Mode
Supported
Please Note:
The maximum funding rate of the aforementioned perpetual contract at the time of launch is +2.00% / -2.00%.
The funding fee settlement frequency is every four hours.
Time
Max Funding Rate
2024-09-20 16:00 (UTC)
+2.00% / -2.00%
2024-09-20 20:00 (UTC)
+2.00% / -2.00%
2024-09-21 00:00 (UTC)
+2.00% / -2.00%
2024-09-21 04:00 (UTC)
+2.00% / -2.00%
…
…
Based on market risk conditions, Binance may adjust the specifications of the aforementioned Futures contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Multi-Assets Mode allows users to trade the aforementioned FIOUSDT perpetual contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the aforementioned perpetual contract.
The aforementioned perpetual contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
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.
Further Information

Bittensor Network Sees 79.18% Of TAO Tokens Staked
According to BlockBeats, as of September 23, data from Taostats reveals that the Bittensor network currently has 5,926,814 TAO tokens staked. This amount represents 79.18% of the total supply.

USDC Circulation Increases Significantly in 2024
AI Summary
According to BlockBeats, data from Defillama indicates that the circulation of USDC has seen a substantial increase this year. At the beginning of 2024, the circulation of USDC was approximately 24 billion tokens. As of the latest report, the circulation has surged to 35.598 billion tokens.
This significant rise means that Circle has issued nearly 11.6 billion additional USDC tokens since the start of the year. The increase in circulation reflects the growing demand and usage of USDC in various financial and cryptocurrency markets.

Crypto Market Sees $134 Million Liquidations in 24 Hours
AI Summary
According to Foresight News, data from Coinglass reveals that the cryptocurrency market experienced liquidations totaling $134 million over the past 24 hours. Long positions accounted for $85.68 million of the liquidations, while short positions made up $48.28 million. Bitcoin saw liquidations amounting to $27.15 million, and Ethereum experienced $29.43 million in liquidations.

Wisdomtree Launches Tokenized RWA Platform Wisdomtree Connect
AI Summary
According to PANews, WisdomTree has announced the launch of its tokenized Real World Assets (RWA) platform, WisdomTree Connect. This initiative aims to provide broader access to tokenized RWAs for a wider range of users. Through this platform, customers can interact with any token issued by WisdomTree on supported blockchains using any wallet. This development will enable WisdomTree to gradually offer digital fund access to other customer-facing platforms and applications (B2B2C distribution) as well as retail users with self-custody wallets.
Initially, WisdomTree Connect will be available through a web portal and API. In the future, WisdomTree plans to explore additional methods of interaction through decentralized applications (dApps).

Silvergate Bank's Closure Linked to Regulatory Changes and Financial Losses
AI Summary
According to BlockBeats, on September 23, in a new bankruptcy filing, executives responsible for winding down the crypto-friendly Silvergate Bank's parent company stated that despite the contraction in the cryptocurrency industry and rising interest rates, the bank was stable, able to meet regulatory capital requirements, and capable of continuing to serve customers who retained deposits.
However, in 2023, sudden regulatory changes by the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) clearly indicated that, at least in the first quarter of 2023, these agencies would no longer tolerate banks with a significant number of digital asset customers. This ultimately prevented Silvergate Bank from continuing its digital asset-focused business model.
Elaine Hetrick, Chief Administrative Officer of Silvergate Capital Corporation, provided a timeline in the bankruptcy filing that led to the closure of Silvergate Bank on March 8, 2023. This date was two days before the closure of Silicon Valley Bank and four days before Signature Bank was taken over by regulators.
The document also revealed that Silvergate's consolidated operations reported a net loss of $948.7 million for the year ending December 31, 2022, compared to a net income of $75.5 million for the year ending December 31, 2021. This loss was primarily due to the sale of long-term securities amid rising interest rates.

Realistic Price Prediction of HMSTR Token
The total supply of HMSTR is 100,000,000,000 (100 billion tokens). Here’s the formula to calculate the price of 1 HMSTR token at various market caps:
Price of 1 token = {Market Cap} / {Total Supply}
Now, I’ll calculate the token price at market caps of $300 million, $500 million, and $1 billion.
1. At a $300 million market cap, the price of 1 HMSTR token would be $0.003.
2. At a $500 million market cap, the price of 1 HMSTR token would be $0.005.
3. At a $1 billion market cap, the price of 1 HMSTR token would be $0.01.
If HMSTR reaches a market cap of $300 million, each token would be valued at 0.3 cents. As market participation grows and the project garners more attention, reaching a $500 million valuation could see the price rise to 0.5 cents. Achieving the $1 billion mark, a significant milestone for any cryptocurrency, would push the price to 1 cent per token.
Given the community-driven approach mentioned in the tokenomics and the absence of heavy institutional investment, these price points suggest that the token’s value will heavily depend on user engagement, game adoption, and liquidity in the ecosystem. If demand and interest remain strong, these milestones may be reachable.
$HMSTR #hmstr_airdrop #HMSTRonBINANCE #PricePrediction #BinanceLaunchpoolHMSTR #HMSTRPricePrediction

#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!
#Hamster #USDT #BTC