Main TakeawaysThis blog previews the recent Binance Research report discussing key developments in crypto markets over the past month.March 2024 was another positive month for crypto, with total market capitalization increasing 16.3% as BTC breached a new all-time high above $73,000 on two occasions.The DeFi market also sustained its uptrend, with TVL increasing 14%. Similar trends were seen in the NFT market, with monthly trading volume rising 14.6% to $1.41 billion.Thanks to Binance Research, you can take advantage of industry-grade analyses of the processes shaping Web3. By sharing these insights, we hope to empower our community with the latest knowledge from the field of crypto research.Today’s blog explores key Web3 developments in March 2024 to provide an overview of the ecosystem’s current state. We analyze the performance of crypto, DeFi, and NFT markets before previewing major events to look out for in April 2024.Crypto Market Performance in March 2024The crypto market continued its uptrend in March, ending the month with a 16.3% increase in total market capitalization. Bitcoin’s price reached a new all-time high, breaching $73,000 twice before sharply retracting, with the lowest point at around $60,000. Though capital inflows to spot BTC ETFs showed a slowdown in the latter half of March, they have still managed to capture over $12 billion in net inflows since they launched in January. As we move forward to April, we are less than 20 days away from the next Bitcoin halving, one of the most anticipated events in the crypto industry. Narratives around Bitcoin will likely continue to capture the market’s focus, with accompanying volatility in price action to be expected.Monthly change in crypto market capitalization (%)Source: CoinMarketCap (March 31, 2024) Monthly price performance of the top 10 coins by market capitalization Source: CoinMarketCap (March 31, 2024)Most of the top ten cryptocurrencies by market capitalization saw positive price action in March, maintaining the market’s upward momentum from previous months. SHIB, TON, and DOGE led the way with monthly gains of 137.7%, 111.9%, and 70.1%, respectively. Recently, meme coin trading has emerged as a major narrative due to the popularity these tokens have gained across various networks, including Solana and Base. Factors such as price volatility and low unit bias have driven speculation on these coins.SOL and BNB showed notable gains, closing the month with price increases of 54.7% and 50.4%, respectively. SOL saw impressive performance throughout March, reaching a new all-time high in terms of market capitalization and a record decentralized exchange (DEX) volume of $74.5 billion. Slowing down its recent surge but remaining noteworthy nonetheless, BTC experienced a gain of 13.9%, hitting a new all-time high above $73,000 on two occasions. XRP, ETH, and ADA were on the lower end of price performance for the month, with XRP and ETH increasing 6.1% and 5.0%, respectively, while ADA witnessed a decrease of 1.6%.Decentralized finance (DeFi)The DeFi market continued its uptrend in total value locked (TVL), recording a monthly gain of 14% for March 2024. Among the top ten blockchains, Solana and Base stood out with increases of 94% and 143%, respectively. Largely driven by the current frenzy surrounding meme coins, Solana’s DEX volume hit a new record of $60 billion. A similar trend was seen on Base, which also recorded a new high of $7.82 billion in volume. As meme coin trading heats up, the potential of these coins to drive adoption on these networks has become a popular topic of discussion within the community.TVL share of top blockchainsSource: DeFiLlama (March 31, 2024)Non-fungible tokens (NFTs)Monthly NFT trading volumeSource: CryptoSlam (March 31, 2024)The NFT market also sustained its momentum in March, experiencing an uptick in total sales volume of 14.6% to $1.41 billion. Notably, NFT collections on Bitcoin, such as Ordinals and NodeMonkes, saw a significant surge in sales volume, culminating in monthly increases of 170% and 140%, respectively. These were the top-performing sales collections for the month. Conversely, the buzz around Pandora, the first NFT collection using the ERC-404 standard, slowed down in March, with the collection’s sales volume reducing by 78%. In terms of NFT sales volume across the top chains, Bitcoin led with a sales volume of $514 million, followed by Ethereum with $489 million and Solana with $243 million. All other chains recorded volumes substantially lower than the top three.Upcoming EventsTo help users stay updated on the latest Web3 news, the Binance Research team has summarized notable events and token unlocks for the month to come. Keep an eye on these upcoming developments in the blockchain space.Notable events in April 2024Source: Binance ResearchLargest token unlocks in US$ termsSource: Token Unlocks, Binance ResearchBinance ResearchThe Binance Research team is committed to delivering objective, independent, and comprehensive analyses of the crypto space. We publish insightful takes on Web3 topics, including but not limited to the crypto ecosystem, blockchain applications, and the latest market developments.This article is only a snapshot of the full report, which contains further analyses of the most important market charts from the past month. It also dives deeper into recent developments surrounding BTC’s price action amid sustained ETF inflows, Ethereum’s Dencun upgrade, Solana DEX volumes, and the Dai Savings Rate.Read the full version of this Binance Research report here.Further ReadingBinance Research: Key Trends in Crypto – March 2024Lessons From History: A Retrospective on Bitcoin Halvings and Industry DynamicsBinance Research: Top Crypto Trends to Follow in 2024Disclaimer: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice and is not a recommendation, offer, or solicitation to buy or sell any securities or cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer; they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive, and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given, and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies, or any investment strategy, nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.

Main TakeawaysCopy trading on Binance Futures allows users to automatically replicate the trades of experienced traders (Lead Traders), streamlining the learning and investing process.Our new ‘Discover’ feature simplifies finding and following top Lead Traders with an intuitive swipe interface. Users can now navigate through trader profiles more quickly and easily.Detailed portfolio metrics empower users to study the strategies in depth while the mock trading option lets users practice copy trading in a realistic virtual learning environment.This is a general announcement. Products and services referred to here may not be available in your region.At Binance we’re obsessed with making trading more accessible and efficient. One recent feature that we’re proud of for its simplicity and effectiveness is Futures Copy Trading, which allows users to mirror the strategies of more experienced traders.Building on this, we’re excited to introduce ‘Discover’ as a new tool designed to make Futures Copy Trading even easier to use. This update simplifies finding and following top Lead Traders through an incredibly easy-to-navigate ‘Swipe & Discover’ interface. The launch of ‘Discover’ underscores our commitment to enhancing user experience by providing straightforward access to expert trading insights. Read on to learn more about this intuitive tool for exploring and engaging with the world of crypto futures!What is Futures Copy Trading?Copy trading is a Binance Futures feature that allows users to automatically copy the trades of more experienced traders (Lead Traders). Here’s how it works: when a Lead Trader makes a trade, the same trade is replicated in the account of the person who has chosen to copy them, based on a proportionate investment size. This means if the Lead Traders profits, so does the copier (and vice versa for losses). This is especially appealing to those new to futures trading or those looking to benefit from the expertise of seasoned traders without having to spend a significant amount of time researching and executing trades themselves. It’s a practical way to learn by observing the decisions of experienced traders in real time. For a more detailed exploration of copy trading and its benefits, please refer to our introductory blog. The Need for Innovation in Copy TradingSince we launched copy trading in October 2023, we’ve noticed one particular challenge for new users: the sheer amount of information available! With countless Lead Traders to choose from, it can take a long time to identify those with the skills and track records that best meet a user’s preference. This barrier is compounded if the interface isn’t as user-friendly as possible, making the process of selecting a Lead Trader more daunting than it needs to be. Information is crucial when it comes to trading digital assets, and users need clear, concise information to make choices that align with their goals. Recognizing these challenges, we felt there was a need to update our copy trading solution with a more streamlined selection process, prioritizing and improving the user experience.Unveiling ‘Discover’: Helping You Find The Best Lead TradersThe futures copy trading ‘Discover’ feature is designed to make it easier for users to connect with the top traders in crypto. ‘Discover’ simplifies the process of finding Lead Traders to follow, using an incredibly straightforward, user-friendly interface. With a simple swipe mechanism, users can quickly and easily browse through Lead Traders profiles. Swiping right adds a Lead Trader to your favorites, making it simple to return to their profile later, while swiping left moves you on to the next profile. This intuitive interface makes exploring profiles engaging and informative, encouraging users to actively discover and learn about different strategies and performances.‘Discover’ also makes it simple to view detailed portfolio metrics for each Lead Trader. Users can view performance history, trading strategies, risk management practices, and more, all aimed at providing a transparent and informative overview. This allows users to make more informed decisions on whom to copy, based on the data that matters.Finally, users should note this enhanced integration lets them easily click [Mock] to test with virtual funds or click [Copy] to trade directly. Mock Trading lets users practice copy trading in a realistic virtual learning environment without investing real money. Step-by-Step Guide: How to Use ‘Discover’Using ‘Discover’ on Binance Futures is straightforward. Here’s a simple step-by-step guide to get you started:1. Log into Binance Futures (on mobile): This feature is designed for mobile so the first thing you need to do is access your Binance account via your mobile device. Then navigate to the Futures section. Ensure you have the necessary setup to engage in futures trading.2. Access ‘Discover’: Look for the ‘Discover’ feature at the bottom of the Copy Trading homepage. It’s clearly marked and easy to find.3. Start Swiping: Once in ‘Discover’, you’ll see profiles of lead traders. Swipe right if you’re interested in learning more about them or potentially following their trades. Swipe left to move on to the next trader.4. Use Mock or Copy Trading: Within a trader’s portfolio, you have options to engage in mock trading with virtual funds or start copy trading directly. Mock trading is a great way to practice without financial risk.5. Manage Your Favorites: Traders you’ve swiped right on are added to your Favorites. You can revisit these profiles anytime to review or adjust your copy trading choices.By following these steps, you can effectively navigate ‘Discover’, and make informed decisions on whom to follow and learn from on Binance Futures.Beyond ‘Discover’: Our Vision for the Future of TradingThe launch of Discover reflects our commitment to continuous innovation. We want to keep making the trading experience more accessible, intuitive, and efficient for everyone, from beginners to seasoned investors. ‘Discover’ is another step forward in this journey, offering a much more user-friendly way to engage with copy trading.Our vision for the future of trading goes beyond just introducing new features. We’re dedicated to creating an ecosystem driven by the needs and feedback of our community. We invite you to be a part of this process. Your feedback and suggestions are invaluable to us as we strive to develop features that truly meet your needs. Final ThoughtsWe encourage you to explore Copy Trading with ‘Discover’ and see first-hand how it can transform your experience. Whether you’re new to futures or looking to diversify your strategies, ‘Discover’ provides the tools that make it easier for you to gather information and connect with traders in the crypto community. Stay tuned for ongoing updates as your feedback continues to help shape the future of trading on Binance. Further ReadingCopy Trading: Leverage the Power of ExpertsIntroducing Our Risk-Free Mock Copy Trading FeatureTrade Crypto FuturesDisclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. Trading by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance is not a reliable indicator of his future performance. No relationship between top-performing traders & Binance. In no way is performance or results guaranteed. Content on our platform does not contain advice or recommendations. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning and Responsible Trading Policy.

Main TakeawaysThe Binance Women in Technology Academy, organized in collaboration with the Women in Technology Association (WTech), extended its training programs to reach women in earthquake-affected areas of Turkey. Held in the city of Hatay on March 26-27, the educational series welcomed 80 young women from the earthquake zone. The Academy was designed to increase the presence of women in the fields of crypto, blockchain, and Web3, promoting gender equality in the industry and contributing to the growth of the high-tech sector of Turkey's economy.With a mission to promote equal opportunities in the crypto sector and increase women's financial literacy, Binance has collaborated with Turkey’s Women in Technology Association (Wtech) to launch the Binance Women in Technology Academy. By bringing its educational programs to Hatay, the academy reached young female university students living in earthquake-affected areas.Taking place in the Antakya district of Hatay on March 26-27, 2024, the program provided training sessions on financial literacy, blockchain technology, artificial intelligence, NFTs, cybersecurity, and more to equip learners with the knowledge and skills necessary to participate in the Web3 world. At the end of the program, certificates were presented to the 80 participants. Binance also provided 270 Ramadan meal packages to the families that live in the container city where the courses took place. Preparing Women to LeadThe Binance Women in Technology Academy, launched in January 2024, has recently completed its pilot 8-week program, graduating its first cohort of students. The collaboration between Binance and Wtech aims not only to introduce young women to the world of technology but also to provide them with opportunities to lead both in their careers and society. The initiative aims to increase the presence of women in the fields of crypto, blockchain, and Web3, addressing gender inequality in the industry. Following the success of its initial cohort of 50 students, the team decided to take the program to Hatay. Speaking at the graduation ceremony held at the end of the two-day intensive educational series in Hatay, Mücahit Dönmez, General Manager of Binance Turkey, emphasized Binance’s relief efforts in the wake of the February 6th earthquake: "Here at Binance Turkey, we have taken important steps to show our support for earthquake victims. Binance donated $100 worth of BNB to each of its users in the earthquake-affected areas of the country. Additionally, donations collected through Binance Charity were sent to the Turkish Red Crescent to support earthquake victims, and steel houses were built through our donation to AHBAP and opened for use as schools.”Turkey is not only a country with a crypto adoption rate of around 40% but also one of the global leaders in terms of popular excitement for crypto and new technologies. Still, as Dönmez highlighted, despite the positive global trend in gender equality in the crypto sector in recent years, inequality persists. Binance is committed to promoting equality and diversity both within the company and across the entire ecosystem. Our mission goes beyond education, and we aim to empower our students to shape the future by giving them courage.“More than an Educational Program”Zehra Öney, Founding Chair of the Women in Technology Association, partner of the Binance Women in Technology Academy, also spoke at the ceremony, noting, "As the Women in Technology Association, our main goal has always been to train expert and competent individuals in the field of technology and to carry out focused efforts to increase the number of women in the workplace, production processes, and entrepreneurship. There was a very high interest in this program. With this program, we made a good start in training strong qualified women leaders who will fill the gap in Turkey and beyond.”Finally, Harika Eldoğan, Marketing Director of Binance in Turkey, emphasized the project’s goal of providing education to 5,000 women in 5 years. She said, "We are working to expand the crypto ecosystem in Turkey. Especially for us, it is very important to include young people and women in this ecosystem. We support women in evaluating new opportunities in their journey towards financial freedom and supporting their development in these areas.”  Eldoğan added that the Binance Women in Technology Academy is as much an educational program as it is an initiative to create a community. Through this program, women working in different fields can come together, connect, and share knowledge and experiences.The program concluded with a graduation ceremony, during which over 80 students were awarded their completion certificates and gift tablets from Lenovo to support them throughout their educational and professional journeys. Also, the Binance team demonstrated support for Hatay’s local community by donating 270 Ramadan food packages to families residing in the area’s container city instead of hosting its annual iftar dinner in Istanbul. The container city, built by Needs Map, was constructed last year after the earthquake to house families who lost their homes, and it was also where the educational series took place.Further ReadingBinance Academy Teams Up with BNB Chain to Introduce a Tailored Developer Education ProgramBinance Academy and Blockchain Center to Educate Over a Million Students Globally by 2026Binance Donates $100,000 to Turkish Non-Profit Ahbap for Earthquake Recovery Efforts

In response to the recent devastating earthquakes in Taiwan, Binance Charity will airdrop up to $1 million in BNB to Binance users identified as living in the areas affected by the tragedy.Identification of the users will be based on their KYC (identity verification) or POA (proof-of-address) information indicating that they reside in Hualien County, which has suffered the most significant impact.Users who have completed KYC or POA before April 5, 2024, in the Hualien County area will receive $120 in BNB directly to their Binance accounts. Furthermore, for any existing users in the region who have registered before April 5, 2024, and complete the POA from April 5, 2024, to April 20, 2024 (both dates inclusive), we will donate $25 in BNB directly to their Binance accounts.We expect the funds to reach eligible users starting April 8, 2024.In recent years, blockchain and cryptocurrency have provided a new way of charitable giving, making donations faster, low-cost, and more transparent. In addition, using digital assets allows donations to be delivered directly to beneficiaries without intermediaries, and also gives beneficiaries more freedom to prioritize their needs in how to use the funds.Binance CEO Richard Teng said: “We are deeply saddened by the impact of the recent powerful earthquake in Taiwan. We hope to lend a helping hand to the people affected by the disaster. For those who received donations but were not impacted by the earthquake, we also encourage them to pass on the funds to those who are actually in need.”In this critical moment, Binance stands by our users and community. In the past, Binance Charity has also provided support to users in Ukraine, Turkey, Libya, and Morocco.For more information, please refer to this Binance Charity FAQ.

Main TakeawaysBitcoin halvings, designed to regulate the supply of new BTC tokens, historically impact the token supply dynamics, market sentiment, and adoption.Halvings tend to enhance Bitcoin's visibility, leading to an increase in both prices and adoption rates. They also stimulate discussions related to blockchain technology, Bitcoin network dynamics, and crypto as a distinct asset class.Despite historical patterns showing increased BTC prices and broadened adoption in the months following halving events, it's important to note that the upcoming April 2024 halving has already proven to be unprecedented in several important ways.The Bitcoin halving, an event embedded in the core of the original cryptocurrency’s value proposal, isn't merely a footnote in the annals of digital finance; it's a shift that has impacts across the entire ecosystem, reshaping market dynamics and investor sentiment with each occurrence. In this article, we take a closer look at the multifaceted impact of Bitcoin halvings on the digital-asset industry, uncovering its implications beyond short-term price movements. The next halving event, expected to occur in the third week of April, is drawing close, and it is instructive to look at historical data. However, the observed patterns are by no means a guarantee of similar outcomes this time around: the current cycle is unfolding against a unique background, and it has already proven to be different from historical precedent in some important ways.It’s Ancient HistoryHalving is a fundamental mechanism baked into the Bitcoin protocol that is designed to regulate the issuance of new tokens by decreasing mining rewards at regular intervals. This deliberate reduction, which is meant to suppress the rate of the creation of new BTC, plays a pivotal role in shaping Bitcoin's tokenomics and supply dynamics, reinforcing its deflationary nature and underpinning its value proposition. To recapitulate the basic facts about Bitcoin halvings, check out our video explainer:Bitcoin halvings have historically produced powerful effects on the crypto industry and broader financial ecosystem. Through the lens of history, tracing back through halving events in 2012, 2016, and 2020, we can observe certain recurring patterns in how halvings affect the world of crypto. These events act as inflection points, catalyzing fluctuations in market sentiment and investor behavior, and punctuating the narrative of Bitcoin's evolution as the locomotive of the crypto ecosystem.150 Days LaterIn dissecting the aftermath of halving events, one cannot overlook their impact on the BTC price and market capitalization. At the heart of the halving mechanism lies the principle of scarcity, a quality that appeals to investors seeking assets with limited issuance, thus propelling the asset’s value upward. As supply diminishes and demand increases over time, the stage is set, at least theoretically, for upward price movement, which often comes to fruition gradually, within the following several months rather than immediately.Historically, bitcoin has experienced notable price increases within the 5-6 months following each halving event. For example, 150 days following the previous three halvings in 2012, 2016, and 2020, BTC prices have increased by 999%, 15%, and 24%, respectively.BTC reached new all-time highs in each four-year period between the previous halving events. In the 2020-2024 cycle, this new all-time high was achieved in October 2022, when Bitcoin breached the $66K mark. The uniqueness of the upcoming 2024 halving lies in the fact that for the first time in its history, bitcoin has hit a new record high before the halving, in early March 2024. It remains to be seen whether it was a warm-up ahead of new highs after the halving or the coveted peak achieved prematurely.The mechanism whereby halvings exert influence on prices is likely via shaping market sentiment and investors’ perceptions. In addition to building anticipation among the crypto community, halving events fuel narratives about the advantages of algorithmic monetary policy and digital assets’ deflationary qualities, sparking interest among those outside of the crypto space and driving new participants into it.Beyond the PriceIn addition to price-related effects and increased attention – and partly through them –  halvings are associated with a profound, long-term increase in adoption metrics. Bitcoin’s heightened visibility during pre- and post-halving periods stimulates more newcomers to explore and potentially purchase the digital currency, contributing to the expansion of its user base.Furthermore, BTC halvings prompt a reevaluation of the cryptocurrency's underlying technology and network dynamics as miners navigate the transition. Discussions around network security, transaction fees, and scalability solutions intensify. Enhancements in these areas fortify the robustness of the Bitcoin network, bolstering confidence among users and businesses, thereby fostering a conducive environment for adoption. Halvings also tend to reduce miners’ profitability margins, generating additional BTC sell pressure from miners and accelerating consolidation in mining operations and mining pools.With each halving event, the need for efficiency and innovation becomes more pronounced, driving technological advancements that not only enhance the performance of the Bitcoin network but also increase its attractiveness to a broader audience. Let’s examine a straightforward adoption indicator – the number of active BTC addresses – using the same 150-day window as price dynamics. Within the first 150 days of each of the previous halvings, the number of new BTC addresses grew: by 83% in 2012, 101% in 2016, and 11% in 2020. The number of addresses holding $100 or more – a rough proxy for the number of retail investors – increased by 12% and 6% in 2012 and 2020, respectively, and remained roughly the same 150 days after the 2020 halving. Although these are imperfect indicators of adoption dynamics and sentiment (for example, one person can create multiple wallets), they suggest the directionality and magnitude of the trends in the aftermath of the past halvings.Similarly, institutional interest in Bitcoin also tends to surge around halving events, propelled by the narrative of bitcoin’s capacity as a store of value and potential hedge against inflation. High-profile endorsements from corporate treasuries and prominent investors validate BTC's legitimacy as an investable asset class, further fueling adoption. As institutional capital flows into the cryptocurrency market, infrastructure and product offerings emerge, paving the way for widespread adoption among traditional financial institutions and retail investors alike.For instance, the number of wallets holding more than $1 million, which can be seen as an indicator of professional or institutional investment activity, increased by thousands of percent in 2012, 10% in 2016, and 43% in 2020.What’s Next? The next Bitcoin halving in April is set to take place against an unprecedented backdrop of robust inflows back into the industry and centralized exchanges like Binance, along with burgeoning institutional engagement facilitated by the approval of spot BTC ETFs in the US. Add to that a surge in layer-2 solutions and DeFi activity, which augment the network’s practical utility, and the setup begins to look remarkably favorable for the Bitcoin ecosystem and the wider crypto space.However, it's still important to remember that while the context surrounding the 2024 halving is auspicious, there are no guarantees that its dynamics and effects will mirror those of previous halving events. Each halving represents a distinct juncture in Bitcoin's evolution, influenced by shifting market conditions, technological advancements, and regulatory developments. Therefore, while optimism abounds for the transformative potential of the 2024 halving, caution dictates acknowledging the inherent unpredictability of market dynamics and the need for vigilance in navigating the evolving landscape of digital assets.Each Bitcoin halving represents a fundamental shift in the crypto industry, with far-reaching implications for adoption and market evolution. Beyond its immediate effects on price and investor sentiment, Bitcoin halving catalyzes increased interest and awareness, institutional participation, and technological innovation, laying the groundwork for the continued growth and maturation of digital finance. As we navigate the ever-evolving crypto landscape, the significance of Bitcoin halvings stands as a testament to the enduring strength and resilience of our industry.Further ReadingHalving Horizons: A Bitcoin OdysseyDecoding Bitcoin Halving: Understanding the Deflationary Shift3 Simple Methods to Purchase Bitcoin & Other Cryptocurrencies: Preparing for the Bitcoin HalvingDisclaimer: Digital assets are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

Main TakeawaysBinance expands Portfolio Margin to non-VIP users with a 100,000 USDT minimum balance (cross margin and futures wallets), increasing access to advanced trading tools.The introduction of a unified Portfolio Margin wallet simplifies portfolio management by merging Cross Margin, USDⓈ-M Futures, and COIN-M Futures into one.Enhanced capital efficiency, risk management, and trading strategies are now more accessible, empowering a broader range of traders to optimize their portfolios.This is a general announcement. Products and services referred to here may not be available in your region.Binance is excited to announce the expansion of its Portfolio Margin feature to non-VIP users for the first time. Previously only available to VIP 1-9 users — requiring a 30-day Spot trade volume of at least $1M, or $15M for Futures — Portfolio Margin is now accessible to non-VIP users with a minimum balance of 100,000 USDT in their cross margin and futures wallets.By making advanced trading tools more accessible, we aim to enhance capital efficiency and simplify portfolio management for more traders. Extending Portfolio Margin to a broader audience is another step forward in supporting traders in leveraging their strategies more effectively, regardless of VIP status.Along with this expansion, we’re also taking the opportunity to introduce a new Portfolio Margin wallet to further streamline your trading experience. This merges the previously separate USDⓈ-M Futures, COIN-M Futures, and Cross Margin wallets into one unified wallet, simplifying portfolio management like never before.What is Portfolio Margin?Portfolio Margin is an enhancement for experienced traders, allowing the use of a variety of assets as collateral to leverage positions across multiple products. On Binance, for example, the Portfolio Margin mode enables the use of multiple supported assets from USDⓈ-M Futures, COIN-M Futures and Cross Margin wallets as collateral. In short, Portfolio Margin distinguishes itself from traditional margin trading by considering the collective risk of your entire portfolio rather than individual positions. The result is increased capital efficiency and greater strategic flexibility.Expanding Portfolio Margin to non-VIP users with at least 100,000 USDT in their cross margin and futures wallets means we’re making this advanced trading tool available to a much broader group, empowering them to explore new strategies and opportunities. A Single, Unified Portfolio Margin WalletIn addition to increasing the number of users who can access this feature, we’re also unveiling a new Portfolio Margin wallet to enhance and simplify the user experience.This update consolidates Cross Margin, USDⓈ-M Futures, and COIN-M Futures wallets into a single, unified wallet, thereby simplifying portfolio management, and enabling you to manage your collateral and monitor risk across different trading products from one central location. It eliminates the need to switch between wallets to transfer collateral or assess margin usage, streamlining operations for faster market response.The emphasis here is on flexibility, efficiency, and a more user-friendly experience. With the integrated wallet system, the update aims to equip traders with the tools and adaptability needed to effectively navigate the crypto markets with greater confidence.Benefits of Binance’s Updated Portfolio Margin ProgramPortfolio Margin introduces benefits that enhance trading for any users who qualify, making it easier to leverage market movements and manage portfolios.Capital Efficiency: By using a broader range of assets as collateral, without manually converting for each position, traders can maximize their potential. Simplified Management: Merging Cross Margin, USDⓈ-M Futures, and COIN-M Futures wallets into one unified wallet streamlines portfolio management. This eliminates the need for fund transfers between wallets to meet margin requirements, reducing transaction times and the potential for error. Enhanced Trading Potential: Portfolio Margin users can combine their margin collateral for a wide range of up to 878 trading pairs, including cross margin pairs and futures contracts. This array of opportunities, along with the largest selection of collateral assets, opens up various strategies, from arbitrage to hedging.Unified Risk Management Tool: Improved risk assessment comes from unified maintenance margin requirements, offering a clearer view of overall risk exposure. This approach allows traders to navigate and manage risk more effectively with an elevated tool..Eligibility and How to Get StartedPortfolio Margin eligibility now extends to non-VIP users who meet certain criteria. The main requirement for non-VIP users to access this feature is having at least 100,000 USDT in assets across futures and cross margin accounts. This ensures that Portfolio Margin is accessible to engaged and invested traders on the platform. Ready to activate and use Portfolio Margin? Here’s how:Option 1: Log in to Binance Futures or Binance Margin, and go to the Futures  or Margin trading page. Eligible users will be able to see an “Upgrade” button next to “Margin Ratio”. Click on the “Upgrade” button and complete a quiz to activate the Portfolio Margin mode.  Option 2: Log in to your Binance account, and activate the Portfolio Margin mode via Wallet > Futures/Margin> Upgrade Now. Only eligible users will be able to successfully activate the Portfolio Margin mode.  Activating Portfolio Margin automatically consolidates your Cross Margin, USDⓈ-M Futures, and COIN-M Futures wallets into one. No additional action is needed from you. The unified wallet interface lets you manage collateral and adjust strategies easily, providing a comprehensive view of your portfolio. With Portfolio Margin now activated, you can trade using expanded collateral options for greater capital efficiency. By following these steps, new Portfolio Margin users can leverage its features to explore a wider range of trading opportunities, maximizing capital efficiency.Final ThoughtsThe expansion of Portfolio Margin to non-VIP users, while merging Cross Margin, USDⓈ-M Futures, and COIN-M Futures wallets into one, marks a major update. Designed to enhance trading flexibility, this change supports portfolio diversification, greater risk management, and new trading strategies.We encourage all eligible traders to explore these features, leveraging the expanded collateral choices, streamlined management, and improved strategies for a more dynamic experience. Activate Portfolio Margin today to explore a wider trading landscape and refine your trading approach. Start now to unlock your potential. Your trading evolution begins with Portfolio Margin.Further ReadingIntroduction to Binance Portfolio Margin ModeHow to Activate the Portfolio Margin Mode on Binance?Binance Portfolio MarginRisk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.

Tigran Gambaryan, an American citizen, is known globally as someone fully dedicated to law enforcement. For a decade, he served as a U.S. Federal Agent investigating cases involving national security, terrorism financing, identity theft, distribution of child pornography, tax evasion, and bank secrecy act violations. As part of the elite cyber investigations team in the U.S. Treasury Department’s IRS Criminal Investigations (IRS-CI) unit, Tigran led several multi-billion dollar investigations, including the Silk Road corruption investigations, BTC-e bitcoin exchange, and the Mt. Gox hack.He also played a pivotal role in probing Alphabay, Welcome2Video, and the high-profile "VIP" Twitter hack, working alongside the Federal Bureau of Investigations and the United States Secret Service. Tigran later assumed the role of the IRS-CI representative at the National Cyber Investigative Joint Task Force (NCIJTF), focusing on national security and terrorism financing. Tigran is so well known as the world’s preeminent cyber crimes investigator that a book, Tracers in the Dark, was written about his efforts to bring down some of history’s most notorious cyber criminals. Given this background, Tigran was hired in 2021 to help Binance fix past compliance issues. As the head of Binance’s Financial Crime Compliance (FCC) team, he has been a strong advocate for Binance to develop policies and build compliance capabilities that set new industry standards. In 2022 and 2023, Tigran’s Financial Crime Compliance team assisted global law enforcement in freezing and seizing more than $2.2B worth of assets, including more than $285M in cooperation with United States Agencies like the FBI, DOJ, DEA, and others.In the past several years, he, along with his FCC team, responded to more than 600 information requests coming from Nigerian law enforcement agencies or related to investigations pertinent to Nigeria. The information provided helped tackle crimes ranging from scams and fraud to money laundering, blackmail, kidnapping, and extortion, leading to multiple asset freezes and seizures, totaling more than USD 400,000. Tigran’s team also provided multiple training sessions for Nigerian crime fighters on the role of exchanges in the digital-asset ecosystem. This included a three-hour online workshop for 70 Nigerian EFCC officials in mid-2023 and, late last year, two full-day sessions for EFCC officials in Abuja and Lagos, with more than 30 investigators attending each of them. Tigran is a strict law enforcement professional and is not part of Binance management. While he has left official service of the U.S. government, he has remained fully committed to the role of law enforcement officer ever since, operating as a global advocate for good governance and transparent regulatory financial practices. Binance respectfully requests that Tigran Gambaryan, who has no decision-making power in the company, is not held responsible while current discussions are ongoing between Binance and Nigerian government officials.

Main TakeawaysBinance Charity has partnered with the Children of Heroes Foundation to alleviate trauma and facilitate emotional recovery for children affected by the ongoing conflict in Ukraine.This collaboration will launch a 12-day therapeutic camp named “I Am da Vinci” to support children who have lost their parents in the war through a blend of activities emphasizing recovery, bonding, and psychological support.Since the early days of the war in 2022, Binance Charity’s humanitarian efforts in Ukraine have proven the effectiveness of Web3 innovations in disaster relief and philanthropy.The ongoing conflict in Ukraine has had a devastating effect on the country’s civilian population. As of the end of February 2024, the UN Office of the High Commissioner for Human Rights (OHCHR) has confirmed the deaths of over 10,670 civilians since the Russian Federation first launched its full-scale attack on February 24, 2022. In the wake of these numbers, many children have lost close friends and family, creating a new wave of generational trauma.To help provide relief to these children and facilitate their journey of emotional recovery, Binance Charity has teamed up with the Children of Heroes Foundation, a Ukrainian charity fund supporting children affected by the war. Through this collaboration, we will run a 12-day therapeutic camp named “I Am da Vinci” to aid children who have tragically lost their parents in the ongoing conflict.“I Am da Vinci” CampThe shared initiative between Binance Campus and Children of Heroes Foundation aims to foster a safe, friendly environment to help war-affected children overcome their trauma. The “I Am da Vinci” camp will offer a unique blend of activities and resources emphasizing emotional recovery, community bonding, and psychological support while stimulating a sense of adventure.Every child deserves the love and security of a family. At Binance, we are more than willing to support initiatives aimed at alleviating their suffering and restoring hope. In every child we help, we see a brighter future, not just for Ukraine but for the entire world. Our commitment to providing compassionate assistance is not a choice but a responsibility we wholeheartedly embrace. – Kyrylo Khomiakov, Binance Regional Head for CEE & Central Asia Grieving children attending the camp will gain opportunities to articulate their experiences through various creative means, including activities, competitions, and tasks promoting self-expression and intellectual growth. Essential psychological counseling services will be provided throughout the camp to help process emotions, understand losses, and cope with the impacts of traumatic experiences.By creating a safe and nurturing space, the program aims to mitigate feelings of isolation and loneliness, allowing children to form strong bonds with others who share similar experiences. Support for this camp has been generated through Binance Charity donations. A total of 50,000 USDT (approximately 2,000,000 UAH) will be used to help facilitate the event, proving to be an instrumental source of funding for this initiative.Children of Heroes FoundationFounded by a passionate businessman named Danylo Pasko in the early days of the conflict on March 2, 2022, the Children of Heroes Foundation has been instrumental in providing aid to war-affected children in Ukraine. Having lost his own father when he was a child, Danylo formed a team that shared his values and desire to help children who had lost their parents in the large-scale war. The idea quickly garnered support from other Ukrainian citizens, public figures, and entrepreneurs, and in April 2022, the foundation officially commenced its operations. The war has hurt the emotional and psychological state of children, especially those who are experiencing the loss of their loved ones. Our beneficiaries have faced various psychological traumas, and if they do not work with specialists now, the consequences can manifest themselves for years. The mission of our fund is to ensure that all of our beneficiaries are integrated into society and have every opportunity to build a successful life. Therefore, organizing such camps, where children will work with psychologists and recover from difficult experiences, is one of the most crucial areas of our activity. We want to see the smiling faces of children who enjoy their childhood or youth again, not crying eyes, despair, and irritation. Children are our future, so we must care for them and provide all the support they need at the right time. – Tetiana Novytska, Children of Heroes Foundation CEOBinance Charity in UkraineIn the early days of Russia’s invasion, Binance Charity created a crowd-funded Emergency Relief Fund to provide immediate support and safe havens for refugees fleeing conflict zones and other victims trapped in the country. This included an initial donation of $10,000,000 from Binance, one of the largest donations to Ukraine by a private company. Since then, we have been working hard with multinational and local organizations on the ground, including UNHCR and UNICEF, to disseminate funds in the most effective ways. These have included providing shelter, food, safe drinking water, medical supplies, cash assistance, and psychological support.Through our efforts, we have proven that cryptocurrencies can serve as a transformative force in the realm of charitable giving. We will continue to show how Web3 can be utilized effectively to deliver aid in innovative ways. To support this mission, please consider donating to our Ukraine initiative or any of our other projects. Every donation, however big or small, will make a real impact on the lives of others and showcase the benefits of Web3 philanthropy.Further ReadingBinance Charity for Ukrainians: Help ReportBinance Charity Teams up With Superhumans Foundation and Dedicates $150,000 to Supporting War-Affected Ukrainian CitizensThe Future of Giving is Digital: Our Binance Charity Survey Results

Starting today, thousands of golden eggs are being virtually “released” in around the world by Binance drones. The eggs contain a range of crypto prizes, with a minimum prize worth $10 in crypto and a top prize of 1 bitcoin (BTC) – one very lucky winner will discover something extraordinary when they open their golden egg!The campaign has been designed exclusively for new Binance users who haven't yet created an account. Find out more on how to take part below.  Activity Period: 2024-03-28 1:00 pm (UTC) to 2024-04-30 1:00 pm (UTC)How to Take Part and Crack Your EggThe campaign operates on a first-come, first-served basis, as the number of available prizes is limited. Here’s all the information you need to ensure you get your hands on a golden egg:Begin your journey by clicking the designated registration link matched to your region and create your Binance account.Complete identity verification (KYC) to ensure security and compliance.Begin trading with a minimum amount of $50 to unlock your egg reward.Crack your golden egg to discover a minimum $10 worth of crypto, all the way up to one whole BTC.If you have been waiting for a sign – this is a golden excuse to take your first steps with Binance!The Great Binance Eggdrop is more than a race for rewards; it’s about community engagement and taking your first steps exploring the world of crypto with Binance. Whether you're an experienced trader or a beginner starting your crypto journey, take the time to get set up and open your golden egg – you never know, there could be a whole bitcoin waiting for you!Set up your account and find out what you’ve won.If you already have an account, why not pass on the excitement of this campaign to a friend by directing them to the Great Binance Eggdrop?Risk Warning: Digital assets are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

Making crypto compliant with existing regulatory frameworks and interoperable with traditional legal and financial systems is an enormous yet hugely worthwhile task. To get there, we must achieve a certain level of standardization in how our industry goes about compliance. Binance has recently made a big step in this direction by joining the Global Travel Rule (GTR) Alliance – a global community of virtual-asset service providers utilizing the same solution for complying with one of the key international anti-money-laundering rules. Playing by the Travel RuleJoining GTR Alliance will ensure a higher level of both data security and regulatory compliance. This strategic move is designed to keep us in alignment with the Financial Action Task Force’s (FATF) Recommendation 16, a reporting requirement also known as the Travel Rule, which is already being enforced across various countries and is set to become the universal standard within the coming years.A well-regulated environment plays a vital role in protecting users, dispelling unwarranted perceptions about crypto and driving the wider adoption of crypto assets. As a trusted service provider in the digital asset ecosystem, we are duty-bound to ensure that users' personal information is secure and private. Our partnership with GTR represents a step forward in this direction.GTR aims to create a more secure and streamlined environment for companies to navigate the FATF Travel Rule requirements by leveraging the following features:Global: The solution allows multi-regional coverage through a single platform.Secure: The tool relies on secure encrypted channels to ensure that all personal data is kept safe.Seamless: GTR only requires one-time integration to unlock superior interoperability between many digital-asset service providers.Thanks to its extensive applicability, robust data protection mechanisms, and streamlined integration, GTR provides an unparalleled level of efficiency and security uniquely suited to global Virtual Asset Service Providers (VASPs) like Binance. Industry players utilizing this solution form the GTR Alliance, thus promoting interoperability and standardized compliance in the digital-asset space.Data Security TechGTR's approach to data security is one of its strongest suits. In one of its solutions, VASPs are provided with full control over their own decryption keys and safeguards transaction validation by applying Keccak256 encryption to all Personal Identifiable Information (PII). It transforms sensitive user data into irreversible and unique identifiers while making sure plaintext PII storage is eliminated. The transmission of such hashed information is carried out using mutual transport layer security (mTLS) technology, thereby strengthening the security framework with a zero-trust model.Steve Christie, our Deputy Chief Compliance Officer, shared: "Joining the Global Travel Rule Alliance is an exciting step forward in solidifying our international compliance efforts. We're particularly enthusiastic about the ability it gives us to consolidate our efforts globally, moving past the challenge of fragmented regional integrations. This move doesn't just bring us into alignment with FATF's global standards – it's about proactively providing our extensive user base with the assurance that their data and transactions are secure. This alliance amplifies the trust, security, and transparency that our users can expect at Binance."Joining forces with the GTR also allows us to work hand-in-hand with other compliance-focused industry leaders, including CODE, Sygna, and Sumsub. Together, we aim to enhance trust within the crypto ecosystem and address collective compliance needs.We extend a warm invitation to other VASPs and Travel Rule solution providers to also join this pivotal mission. To find out more and register, do visit the Global Travel Rule Alliance’s website directly at: https://www.globaltravelrule.com/en/home. Further ReadingSteve Christie Announced as Binance Deputy Chief Compliance OfficerDaily Life of Binance Data ProtectorsBinance Reaffirms Commitment to Robust Security With a Successful SOC 2 Audit

Main TakeawaysThe work of Binance’s largest department is akin to the roles of airport staff and ground crew, working behind the scenes to help millions of users globally enjoy a smooth crypto journey. As the first point of contact, Binance’s Customer Service (CS) team plays an indispensable role in putting Binance’s user-focused ethos into practice.In its early days, Binance didn’t have the advanced customer service setup it has now. The team has gone through a long process of growth and evolution to get to where they are today.Statistically, around 1% of the global population has interacted with Binance’s Customer Service (CS) department at least once. Registering an account, recovering erroneously deposited funds, and countless other routine situations are all handled by the CS team. As the first point of contact for our users, Binance’s CS arm is indispensable to translating our user-driven philosophy into real life. If Binance’s engineering team can be seen as the mechanics making sure that the airplane’s engine runs seamlessly at all times, the CS team is both the airport staff and ground crew. By serving millions of users globally, they ensure that each “passenger” reaches their crypto destination safely and promptly. Largely working behind the scenes, their presence often goes unnoticed yet becomes invaluable when people need help.An Underlying PrincipleThe CS team is Binance’s largest department, composed of individuals dealing with immediate user inquiries, training, quality assurance, and token recovery, just to name a few.The community-driven spirit of the crypto industry and Binance’s user-focused ethos grant the CS team a prominent voice within the company. Team members are often seen in dialogue with other departments during public meetings or town halls, primarily focusing on aligning user needs with business priorities.The underlying principle is clear: user needs must cut across and rise above any internal rank or departmental divide at Binance.From Gritty BeginningsIn its early days, Binance didn’t have the advanced customer service setup it has now, serving a smaller user base as an ambitious startup. There were none of the automated tools, well-established procedures, or archives of information that we have today – everything was done manually. Users usually got help by sending in tickets or emails, and each CS agent had to manually take note of each request and deal with all kinds of issues. Without dedicated internal resources or processes, they often needed to ask around internally to find the right information.Things really started heating up by the end of 2017. In just six months since its launch, Binance became the largest crypto trading platform by trading volume. The capacity of the existing CS team could hardly match this explosive growth. Mindy, a customer service veteran, recalls: “Even with all of us working around the clock, we couldn’t keep up. Sometimes, the queue in the CS system would be hours long.”In January 2018, Binance had to temporarily stop onboarding new users due to the sheer volume of sign-ups and rapidly increasing demand. Whenever account registrations were reopened, new users would rush in en masse, making the question of when Binance would open registrations again a hot topic in the crypto community.System pressuresAt the end of 2020, the market was quickly picking up again after a period of reduced activity. The resulting surges in traffic caused large pressure loads in Binance’s internal systems, including those underpinning our customer service work. It became clear that the third-party CRM system Binance used at the time couldn’t keep up with the exponential increase in online queries. Consequently, the CS team faced harsh criticism both internally and externally. While CS agents provide crucial support as the first point of contact, this also means they bear the brunt of vented frustrations, even when the issues have nothing to do with them personally. Facing this mounting pressure, the CS and Tech team hosted a live AMA and internal training session to help the community better understand the issues they were facing and optimal ways to resolve them. Dealing with turbulenceAs Binance’s user base continued to expand rapidly, pressure kept mounting, both internally and externally. Between the end of 2020 and mid-2021, many CS agents resigned or requested internal transfers due to the pressure and emotional stress of their work. To help overcome these challenges, Yi He, Binance’s co-founder, temporarily took over the CS department directly in 2021, overhauling its organizational structure and securing resources across other departments. The HR team was instructed to reach out to ex-employees, while current employees got a chance to express their concerns directly to the leadership and the top performers were rewarded. Thanks to these measures, the turnover rate of the CS team began to go down markedly.Through all these challenges, each team member bore a tremendous weight on their shoulders. Having identified the most urgent problems, Binance pulled together to resolve them and lay the groundwork for the robust systems and frameworks we have today.AI, Humans, and SystemsCurrently, Binance’s CS department supports 17 languages and covers dozens of business sectors. Front-line CS teams are further divided into multiple subgroups based on different products, creating more standardized processes and a comprehensive global service system. Backed by the internal tools and database, which includes a knowledge base, a training system, and a testing center, it provides a structured process for each CS agent, from onboarding training to daily work inquiries. This system significantly improves efficiency, forming a team capable of supporting tens of millions of users globally.One proof of this improved systematization is the implementation of self-service tools. When clicking the chat button, users can find options for account reset, identity verification procedures, withdrawal reset, and more in the self-service toolbar. Another improvement has been the introduction of AI bots, helping alleviate many pressures and allowing CS agents to handle more complex and specialized cases.Today, most user requests are picked up within one minute and resolved within the first CS chat — a huge improvement from the early days when users could wait for hours after they were queued.Empathy and connectionWhen facing issues that concern their finances, users still prefer to receive help from human agents – after all, AI can’t empathize with people’s emotions.Doris, a senior CS agent, says the team understands this urgency and the need for human connection. Even if a complex case can’t be resolved quickly, a CS agent will reply within seconds during the first interactions, letting the user know: "We are here."Much of the emotional nuance falls between the lines of social interactions, and humans are still much better at understanding that context, providing holistic responses rather than replying to individual sentences and capturing emotional needs keenly to provide comfort. People’s needs are not only functional but also emotional, and CS agents must be acutely aware of these sensitivities. As Vincent, a senior executive from the CS department, says: "Sometimes, even the difference in the use of a single word in a conversation can dictate whether the user feels they are being treated politely and taken seriously."The Art of BalanceBinance’s CS team sits right between the company and its users. Whether it is new product launches or adjustments to compliance policies, CS agents are often the first to sense changes within the organization and their potential impact on users. The CS team brings user and community feedback on products and marketing back to the respective departments, leading to improvements through a positive feedback loop.Binance requires all leaders to undergo customer service training, including spending a full day handling real customer inquiries, followed by two to six hours on the CS rotation each quarter. These responsibilities ensure that user feedback influences product design and business operations from the beginning.The CS team also impacts other departmental roles and responsibilities. For example, the anti-fraud team has recently expressed gratitude to CS agents who, through their proactive collaborative efforts, have prevented users from transferring funds to external suspicious parties on multiple occasions.Fund RecoveryWithin the CS department’s network lies a special team. Their mission is to handle issues related to users’ deposits not being credited, including identifying underlying reasons and determining whether more information is required from users. In 2022 and 2023, this team addressed nearly four hundred thousand appeals over uncredited deposits, recovering and refunding more than $4.35B worth of digital assets for our users. Among these, unlisted token deposits were one of the most common issues.These cases require extensive collaboration with wallet and clearing teams, as well as other internal and external stakeholders, to investigate and resolve issues. Since the beginning of these initiatives, Binance has expanded its support from six initial blockchain networks to 16 networks where assets can be retrieved directly, as well as further 16 requiring certain conditions for recovery.Navigating complexityIn the blockchain realm, particularly in the earlier days, there was somewhat of an informal rule that sending tokens to the wrong address meant those funds were lost. Binance, being among the first crypto players to champion helping users retrieve their tokens, often faced criticism for doing so and questions about its service boundaries. Nonetheless, we powered on.Still, such initiatives can pose unexpected challenges. Melody, the team lead of the User Appeal team explains that the asset retrieval process is very complex, consuming significant internal resources, and not all mistakes can be corrected. By setting retrieval fees, Binance tries to balance protecting user interests without fostering dependency or the misconception that there are no consequences to erroneous transfers. Some cases are more complex, requiring tremendous time and resources to figure out, so members of this specialized team find immense satisfaction in each successful asset recovery case. As Melody remarks, "These recovery initiatives are very significant to the user, no matter the amount." The most wonderful feeling is that of pleasantly surprising those who thought their losses were irreversible.The Right EnergyIf you were to sit down for a meal with one of the CS team members and listen to them speak, it would be hard to distinguish the different levels of the team: Binance’s flat organizational style is very conspicuous in its largest department. More than one team member admits that in the high-pressure environment of their daily work, having supportive, resilient, and skilled colleagues is crucial. A significant reason they stay is because they enjoy the team’s energy. When the market is bustling, and users are active, the workload surges, putting immense pressure on the CS team. Sometimes, an agent might be found tearfully venting to a superior. Yet, after processing their emotions, they collect themselves and soldier on.Back in the early days of Binance, a CS team veteran recalls calling executives in the middle of the night to help resolve issues. Over time, as the CS department’s systems and workflows improved significantly, the need for constant "firefighting" decreased. Gradually, our CS experts were able to reclaim their personal space and introduce reasonable workload management practices.Faces Behind the ScreenJust as busy passengers might often overlook airport staff, many crypto users may not realize that the CS agent behind each conversation is a real individual, with their own struggles, complexities, and emotions. They could be a father just back from biking in the park with his kids, a young woman with a love for folk music, or someone known among her friends for her fondness for a particular type of ice cream.Aware of this reality, our CS agents are motivated less by a prospect of direct recognition than by the pride and joy of being the embodiment of Binance’s user-focused culture and living it daily. Assisting people along their crypto journeys and helping them overcome issues and obstacles standing in their way is one of the hardest jobs in all Binance – but also the most rewarding.Further ReadingAbove and Beyond for Users: Upholding Ecosystem IntegrityDaily Life of Binance Data ProtectorsIncorrect Deposits of Crypto Assets: How to Retrieve Your Funds

Main TakeawaysBinance Academy and BNB Chain have partnered to launch a new BNB Chain Developer Specialization, a free program aimed at preparing software developers to work in the Web3 and blockchain industry that doesn’t require prior knowledge of blockchain fundamentals. The program consists of twenty English-language courses covering topics from smart contracts to Solidity development and offers a digital certificate upon completion.This initiative bolsters both Binance Academy’s education efforts and BNB Chain's builder support programs, contributing to both platforms' goals of driving mass Web3 adoption, building, and empowering individuals in the digital economy.Binance Academy, our crypto education platform, has partnered with BNB Chain, the largest layer-1 blockchain by user count, to launch a new BNB Chain Developer Specialization, a program designed to prepare software developers to build in the Web3 and blockchain industry. The program requires no prior knowledge of blockchain fundamentals and is offered completely free of charge. The program consists of twenty English-language courses, each featuring between two and six videos. The topics covered include Blockchain Basics, BNB Chain, Smart Contracts, Solidity, Web3, Decentralized Applications (DApps), Oracles, DeFi, BEP-20 Tokens, Greenfield architecture, among others. The specialization utilizes a variety of engaging learning materials, project work, and graded assessments.Upon successful completion of the course, participants will receive a digital certificate, acknowledging their acquired knowledge and hopefully serving as a gateway to new opportunities in the rapidly expanding blockchain industry.Learning to Build For Mass AdoptionThe goal of this effort is to help bring mass Web3 adoption by helping more people become builders on the blockchain. BNB Chain is adding this education program to its suite of builder support programs that empower individuals to either kick-start their journey in Web3 development or improve their knowledge and skills by getting a solid foundation in BNB Chain development.  Binance Co-Founder Yi He highlighted the critical role of education in driving Web3 adoption and development: “Blockchain and Web3 are setting a precedent in innovations across industries around the world. Education is critical to further development and adoption, and it provides new opportunities for individuals as these technologies shape our future and the global economy. We prioritize making education accessible, which is a core part of our user-focused principles and mission to increase financial accessibility and sustainable innovation as an industry leader supporting the growth of the larger ecosystem. With this specialized blockchain developer program, we hope to encourage and support more people to be part of building the future of these new technologies set to change our society and revolutionize industries.”Over the past few years, the BNB Chain ecosystem has seen tremendous growth. With opBNB now ranking as the top blockchain by daily active users (DAU) and processing 71 million daily transactions at an average cost of $0.001, alongside BNB Smart Chain (BSC) leading as the number one L1 blockchain by DAU and boasting a total locked value exceeding $4 billion, BNB Chain has firmly established itself as a leading community-driven blockchain ecosystem.This collaboration with BNB Chain adds to Binance Academy’s existing global education initiatives such as the regular publication of freely accessible multimedia educational content, Learn & Earn campaigns, and the University Outreach Program, creating an all-inclusive system that helps millions of people join the digital economy. In addition, it adds to BNB Chain’s builder support initiatives, which include the Most Valuable Builder (MVB) program, grants such as the TVL and DAU Incentive programs, and Kickstart. Further ReadingBinance Academy and Blockchain Center to Educate Over a Million Students Globally by 2026Binance Academy Launches Intermediate-Level Courses to Help Drive Web3 EducationAbove and Beyond for Users: Going the Extra Mile in Web3 Education

25 March, 2024 – Binance Labs, the venture capital and incubation arm of Binance, has invested in StakeStone, a staking protocol designed to connect omnichain liquidity and provide staking, future restaking yields, and liquidity to emerging chains and ecosystems. Leveraging STONE, a yield-bearing ETH token, StakeStone brings native staking yields and liquidity to Layer 2 (L2) networks. It is designed with a highly scalable architecture that facilitates compatibility with multiple staking underlying assets, supporting ETH POS staking, Eigenlayer restaking — including LRT, LST restaking, and native restaking — and any emerging staking asset type. In a multi-chain era with rapid growth of multiple ecosystems, StakeStone serves as an application layer liquidity marketplace to help liquidity providers capture multi-layered opportunities while enabling multiple demanders to effectively shape liquidity. This self-reinforcing, two-sided market allows for the efficient and frictionless flow of liquidity within the distribution network.Yi He, Co-Founder of Binance and Head of Binance Labs said: "StakeStone tackles the intricacies of omnichain liquidity distribution, opening doors for broader participation in the space. At Binance Labs, we actively seek visionary projects that push the boundaries of innovation. We look forward to watching the growth of StakeStone in the sector."Unlike traditional approaches that rely on multi-signature wallets, StakeStone provides full transparency for underlying assets and returns. The protocol’s architecture supports multiple underlying assets and upgrades its contract based on market needs. StakeStone pioneers a decentralized solution for liquid staking and leverages its optimizing portfolio and allocation proposal (OPAP) mechanism to ensure STONE holders automatically and effortlessly receive optimized staking yields. By integrating innovative underlying assets, StakeStone is committed to building a sustainable, self-adapting liquidity layer infrastructure to make STONE ETH and STONE BTC the new standard for liquid assets.“From start to finish, our goal is to build a long-term, decentralized, omnichain liquidity distribution network that serves as an infrastructure for security sharing at the consensus layer and increased efficiency at the application layer. We are honored to have Binance Labs's support in realizing this vision,” commented Charles K, Co-Founder of StakeStone.StakeStone plans to continuously adapt to innovative underlying assets based on market dynamics, with a particular focus on specialized consensus mechanisms across Artificial Intelligence (AI) and Decentralized physical infrastructure network (DePIN). The protocol intends to extend its liquidity distribution channels and activate the application-layer liquidity. Meanwhile, StakeStone will continue to explore the inclusion of BTC within its liquidity network. About StakeStoneStakeStone is the first liquidity infrastructure protocol. By first staking liquid assets on a risk-free underlying asset not limited to the consensus layer to earn staking yield and minting yield-bearing assets, and then completing the redistribution of yield-bearing liquidity to liquidity demanders (chain and on-chain protocols). Currently, it supports the minting of yield-bearing ETH, STONE ETH, with a total minting volume of more than 340,000. By continuously integrating and connecting application layers (L1s and L2s) as well as consensus layers, StakeStone established a constantly expanding and evolving omnichain liquidity distribution network.About Binance LabsAs the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.Disclaimer: The information provided in this article is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. This article may contain forward-looking statements which are by nature subject to risks and uncertainties. Investment in cryptocurrency and DeFi projects involves substantial risk, including the risk of complete loss. This article does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions.

Key TakeawaysOn March 22 Binance CEO Richard Teng led a Binance delegation that met with Chief Prosecutor Chang, Tou-Hui of Taiwan's High Prosecutor's Office. The Binance team and the Chief Prosecutor exchanged views on crime prevention in the digital-asset space and discussed expanding the scope of collaboration in this field.Binance and Taiwan law enforcement already have a strong record of productive cooperation. As part of its global law enforcement training program, Binance has delivered training courses to more than 10 different units across Taiwan so far, with more than 1,000 law enforcement officers participating, to an overwhelmingly positive feedback.Binance CEO Richard Teng and members of Binance's global team recently visited the Taiwan High Prosecutor's Office and met with Chief Prosecutor Chang, Tou-Hui to engage in in-depth discussions on the prevention of crime related to virtual assets. Binance representatives and Taiwanese officials explored ways  to further deepen cooperation in combating illegal activities in order to maintain the safety of the financial environment.Chief Prosecutor Chang, Tou-Hui commented, “We appreciate Binance’s long-term support and assistance to Taiwan's law enforcement agencies, especially through a series of educational training programs to help prosecutors from Taiwan High Prosecutor Office and local prosecutors office understand virtual assets more comprehensively, and how to cope with the challenges brought by this emerging technology. By strengthening the cooperation between law enforcement agencies and the industry players, we look forward to establishing a closer joint defense mechanism to achieve the goal of safeguarding public safety and combating crime.”Richard Teng, CEO of Binance, recalled making three commitments when he took the top job, one of which was to continuously work with regulators. He continued: “Our cooperation with Taiwan law enforcement agencies is one of the concrete actions to fulfill this commitment, and we appreciate the strong support from the High Prosecutor Office of Taiwan.”Binance’s CEO Richard Teng met with Chief Prosecutor Chang, Tou-Hui of Taiwan's High Prosecutor's Office A Public-Private Partnership Against CybercrimeAccording to Damien Ho, a member of Binance's APAC regional team, Binance recognizes the crucial role of collaboration between the public and private sectors in preventing and combating illegal activities in Web3. Therefore, in addition to actively conducting training courses for law enforcement agencies, we also actively respond to law enforcement requests and share intelligence. Ho added: “In the future, we look forward to further deepening cooperation with Taiwan law enforcement agencies and hence setting a new paradigm of public-private cooperation for the industry."As part of Binance's global law enforcement training program, Binance has announced its training roadshow in Taiwan last year, and has conducted training courses with over 10 different units in Taiwan so far, including the Taiwan High Prosecutors Office, local prosecutors' offices, and criminal investigation bureaus, with over a thousand law enforcement officers participating and many sharing positive feedback on their experience. Despite the small share of virtual assets-related crime in overall financial crimes, Binance will continue to make contributions to safeguard user assets and build a safer and more trustworthy virtual assets ecosystem.Further ReadingBinance Collaborates With Taiwan's New Taipei District Prosecutors Office To Enhance Crime Fighters’ Investigative SkillsBinance Partners With Taiwan Law Enforcement Agencies to Fight CybercrimeAbove and Beyond for Users: How Binance Helps Tackle Crime On - and Offline

Main TakeawaysBinance's Auto-Invest feature streamlines digital asset investing by enabling users to automate their purchases using a dollar-cost averaging (DCA) strategy.The Auto-Invest Index Plan offers a dynamic, hassle-free way to invest in the top 10 cryptocurrencies by market capitalization.The index has demonstrated significant growth since the launch, with a notable 191.7% price increase from December 5, 2022, to March 14, 2024.This is a general announcement. Products and services mentioned here may not be available in your region.In the dynamic world of cryptocurrencies, staying ahead of the curve is key to maximizing investment opportunities. Luckily, Binance's Auto-Invest Index Plan has emerged as an effective solution to help users navigate such a landscape. By allowing users to gain exposure to the top cryptocurrencies by market capitalization in an automated manner, the plan offers a streamlined approach to tapping into the thriving crypto market.Understanding Binance’s Index PlanBinance’s Auto-Invest Index Plan empowers investors to effortlessly acquire a diversified basket of cryptocurrencies. In 2022, Binance launched the Binance CoinMarketCap (CMC) Top 10 Equal-Weighted Index, which tracks the top 10 cryptocurrencies by market capitalization listed on CMC, to help users monitor the overall performance of the cryptocurrency market. Binance’s Auto-Invest Index Plan allows users to gain exposure to this index by automatically purchasing the cryptocurrencies it contains. The cryptocurrency market is ever-changing, and the value of each asset may change drastically. To help mitigate some of these risks, the plan’s basket of 10 digital assets is equally weighted and reset to 10% at the end of every month, which is called rebalancing. Through regular rebalancing, the system will automatically buy and sell portions of users’ cryptocurrency holdings to bring each asset’s weight to an allocation that matches the index.Robust growth opportunitiesSince its launch on December 5, 2022, the Auto-Invest Index has proven to be an attractive investment avenue, with the price of its underlying index increasing over 191.7% as of March 14, 2024. By utilizing data from CMC, the industry-leading cryptocurrency data tracking website, the plan offers exposure to the most prominent assets driving the market in a transparent and reliable manner. Its equal-weight application feature ensures a diverse portfolio strategy and balanced exposure to each asset, harnessing potential growth opportunities across various blockchain sectors. With automatic rebalancing every month, the plan adapts to market fluctuations independently, thereby optimizing returns and mitigating risk.Seamless Investing With Auto-InvestAuto-Invest is a game-changing feature offered by Binance, enabling users to automate their cryptocurrency purchases using a dollar-cost averaging (DCA) strategy. By leveraging Auto-Invest, users can select their preferred cryptocurrency and allocate funds automatically over regular time intervals. This hassle-free approach not only eliminates the inconveniences of manual trading but also ensures consistent purchases, regardless of market volatility. Whether you're a seasoned trader or a novice investor, Auto-Invest streamlines the process, allowing you to capitalize on market opportunities with ease.Harness the power of Auto-Invest todayBinance's Auto-Invest Index Plan presents a compelling opportunity for investors seeking exposure to the dynamic world of cryptocurrencies. With its proven track record, transparent methodology, and user-friendly interface, the plan streamlines the way we approach crypto investing through automation. Explore the possibilities of Auto-Invest today and embark on your journey toward financial empowerment.Further ReadingWhat Is Auto-Invest Index-Linked Plan and How to Use ItBinance Earn Auto-Invest 3.0: Learn More About Its New Features How Do I Do a One-Time Purchase of the Index-Linked Plan?Auto-Invest Terms of UseDisclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

Main TakeawaysCristiano Ronaldo and Ana Marković's foosball match with goal-linked questions was an experience unlike any other.Don't miss out on the excitement; secure your CR7 NFT and join the community in the ForeverZone for more exclusive content and utilities.Find out exactly what makes a foosball game between Cristiano and Ana Marković possible!When it comes to football, Cristiano Ronaldo doesn’t just have skills on the pitch: he’s got them on the foosball field, too. But, were they enough to match against Croatian footballer, Ana Marković, as they met head to head?After joining the Binance team in Lisbon, Portugal, the two players - and Binance brand partners - took the chance to get to know each other a little bit better over a game of foosball that we’re excited to share with you today!Conversations Beyond Goals: The Q&A TwistFirst of all, this wasn’t your ordinary game of foosball. Aside from our all-star lineup, we wanted to give the match a significant twist. Each goal scored led to a bowl filled with intriguing questions for them to ask one another.With Cristiano managing to gain the first point, he took the privilege of asking Ana her first question.“Which do you prefer to play, a league game or a cup game?”With enough time for seven points on the clock, Ana and Cristiano covered everything from scoring goals to oversleeping for training and their proudest moments, too. The score was neck and neck, but only one could win and take home the glory of being the Binance foosball champion.“It was a wonderful experience. My followers know that I am addicted to football, and everybody on the set was also totally in love with football!”Ana MarkovićTo find out exactly who our winner was, there’s only one way to find out![Watch Our Foosball With Ana & CR7 Video Now!]A One-of-a-Kind Experience for Our CR7 NFT CommunityThe Foosball Challenge was a fantastic opportunity to understand better what makes our two sporting partners tick. It’s not every day our community gets to learn about Cristiano and Ana’s lives on the pitch in conversation with one another.At Binance, we’re here to make sure our CR7 NFT community is rewarded with only the best experiences and content around. Bringing together sports personalities like Ana & Cristiano is just one way we help fulfill that promise. If you’d like to be first in line for even more exclusive opportunities, just take a look at the benefits we’ve given away to CR7 NFT holders in the past:Automatic entry into future giveawaysCollector's edition printable Binance x CR7 postersPersonal video messages straight from Cristiano RonaldoBinance football shirts and balls signed by Cristiano RonaldoTickets to Binance Blockchain WeekVirtual meet and greets and a trip to train with Cristiano himselfSo, if you like what you see, don’t hesitate to join us in our CR7 ForeverZone. You’ll get access to plenty of future utilities, and all it takes is to purchase your own CR7 NFT in just a few simple steps.The CR7, Binance, and Ana Marković ConnectionOur work and content with both Cristiano Ronaldo and Ana Marković help demonstrate the shared merits we all have. For Binance, our main values of hardcore, humility, collaboration, freedom, and focus on users are at the heart of all we do. From Cristiano’s early days in Madeira, to Binance's start in 2017, humility and hard work have been consistent in both our remarkable journeys. Ana has also passionately worked on crafting her international footballing career with a hardcore but humble attitude.“[Cristiano] was super down to earth and a real gentleman!”Ana MarkovićCollaboration and freedom are central to all our work, whether that’s on the pitch or off. It’s particularly important for us in creating the NFT collections and unique experiences you all know and love.As fans of Cristiano Ronaldo and Ana Marković, there’s plenty in store for you here at Binance. To continue your journey off the foosball table, make sure to join us soon in the ForeverZone too!Your Invite to the World of Sports NFTsOur foosball match between Cristiano and Ana wasn’t just a game between friends - it paints the bigger picture of innovation within sports and its community. We invite everyone to delve further into CR7’s vibrant world of NFTs and continue the spirit shown on the table that day! So, what are you waiting for? The ForeverZone’s doors are wide open and we look forward to seeing you join us on the pitch.Further ReadingCR7 x Binance: The Journey So Far & What’s Ahead A Day in the Life of a CR7 NFT HolderThe Game’s Still On for Future CR7 NFT UtilityHow to Score Your Own CR7 NFTDisclaimer: Promotion or endorsement of CR7 assets by Cristiano Ronaldo do not constitute promotion or endorsement of any other Binance assets. Risk Warning: Digital asset prices can be volatile. The value of any asset or investment may go down or up and you may not get back the amount initially paid. You are solely responsible for your purchase decisions and neither Binance, nor its sponsorship partners, are liable for any losses you may incur. This is not financial advice. For more information, see our Terms of Use and Risk Warning.

Main TakeawaysA combination of Binance’s strong inflows and rising digital asset prices yielded a significant milestone: the value of funds that Binance holds on behalf of its users exceeded $100 billion.We hold all user funds at a 1:1 ratio, plus additional reserves, which anyone can verify using Binance’s proof-of-reserves (POR) system. Supporting 31 digital assets and utilizing innovative solutions based on zero-knowledge cryptography, our POR exemplifies Binance's commitment to user funds transparency.With more funds flowing into the crypto ecosystem during the current market cycle, the transparency and reliability of centralized platforms holding user assets is more important than ever. With its proof-of-reserves system Binance sets an industry standard in this regard.In the past few weeks, there has been no shortage of records, all-time-highs, and crypto industry firsts. Binance has recently added a special record to this collection, one that speaks to both the healthy run of the crypto market and rising transparency of user funds in the crypto space. In the first week of March, the aggregate value of user assets custodied on Binance has soared past the $100 billion mark for the first time since we began disclosing user asset holdings via our proof-of-reserves (POR) system in November 2022.The 16th POR snapshot, taken on the first day of March, showed reserves very close to this landmark figure. As strong inflows and the rise of digital asset prices continued into March, we have surpassed the $100 billion threshold shortly thereafter. As we take a closer look at the meaning of this milestone, it's essential to recognize the factors contributing to this success and reaffirm the importance of transparency and trust in the digital-asset space.The $100 Billion Milestone: A Closer LookThe journey past the $100 billion threshold is not just an arbitrary number – it's a testament to the continued confidence in Binance and the robust performance of the crypto markets. Recent weeks have witnessed a remarkable, sustained uptick in digital asset prices, a trend that has undoubtedly played a significant role in elevating the value of user assets under Binance's custody. Aggregate USD value of digital assets held by Binance, November 2022-March 2024. Source: DefiLlama.This period of positive market dynamics, coupled with increasingly robust inflows into the platform, underscores both the growing excitement about crypto and the trust users place in Binance as an exchange and reliable custodian of their funds. Our transparency of fund management and commitment to user asset safety are key pillars supporting this trust. The central element of this formula is Binance’s POR system, which allows anyone to verify our aggregate user asset holdings as well as empowers individual users with the ability to check that their funds are held safely.The Backbone of TrustFrom its inception with support for several major tokens, Binance’s POR has evolved significantly, now supporting 31 digital assets and incorporating advanced solutions like zk-SNARKs to enhance privacy and robustness. This system not only assures users of the 1:1 backing of their assets at all times but also sets a new standard in transparency through a combination of Merkle tree cryptography and zero-knowledge proofs. This approach allows for the verification of total net user asset balances without compromising individual privacy, a crucial step forward in ensuring trust and security in the ecosystem.The open-sourcing of the POR code and the active engagement with the community and security experts have been instrumental in refining the system. Feedback and external audits have led to continuous improvements, highlighting Binance's commitment to not just maintaining but elevating industry standards. As we continue to enhance the POR system, we encourage a culture of user-fund transparency and accountability across the crypto industry.As per the latest POR iteration, on March 1, Binance held more than 103% of user BTC funds – meaning as many bitcoins as users deposited to our platform, plus an additional reserve of 3% – almost 103.5% of user ETH funds, and as much as 110.6% in USDT.Please note that the aggregate figures provided by blockchain market intelligence firms, while useful, are not a perfect representation of the amount of user funds on Binance: some of the assets included in such calculations are Binance’s own operational funds. The ultimate source of the most accurate information on user asset holdings on Binance are our monthly POR audits.A Future Built on TransparencyThe milestone of exceeding $100 billion in user funds is a clear indicator of the growing trust in Binance and the crypto industry at large. As more funds are custodied by responsible players like Binance, in a transparent and secure manner, the future of the digital-asset space looks increasingly promising. Binance's ongoing commitment to its proof-of-reserves system is about ensuring that user funds are safe and well-managed, as well as leading by example and fostering a culture of trust and transparency that benefits the entire ecosystem.Further ReadingBinance’s Proof-of-Reserves System: A Year of Upgrading User Assets TransparencyHow zk-SNARKs Improve Binance’s Proof of Reserves SystemPOR Source CodeRisk Warning: Digital assets are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

Main TakeawaysParticipate in the Binance Good Deed Challenge this Ramadan to contribute, vote on, and implement charitable initiatives with up to 10,000 FDUSD in support.Submit your charitable ideas between March 18-21, engage in community voting from March 25-27, and witness the announcement of the winning initiative on March 27.Join us in celebrating the spirit of giving as part of our wider Ramadan Calendar, featuring over $400,000 in rewards and continuous engagement activities.As we journey through the sacred month of Ramadan, our calendar of celebratory activities continues — packed full of discovery, giving, and community. In keeping with these values, we’re excited to announce the ‘Good Deed Challenge’, launching on March 18, 2024 as Day 8 of our Ramadan Calendar. This challenge is designed to harness the collective creativity and philanthropy of our community, inviting everyone to propose charitable initiatives that can make a difference. In this blog we delve deeper into the structure of this campaign, illustrating how you can contribute your ideas and help bring them to life. Ready to make a difference? Share your charity ideas this Ramadan. Binance will provide up to 10,000 FDUSD to make the best one happen. Read on to get started!Empowering Change Through the Good Deed ChallengeAt the heart of the Good Deed Challenge lies a simple objective: to engage you in charitable initiatives. We want to unleash our collective power and creativity to identify and execute projects that can leave a lasting positive impact on communities in need. This isn’t just about giving back; it’s about empowering you to be a catalyst for change.We aim to inspire creativity, encouraging participants to think outside the box and propose initiatives that are not only impactful, but also sustainable and feasible. This is an opportunity for our community members to showcase their innovative ideas and vision for a better world, turning the principles of Ramadan into actionable projects.How Does The Good Deed Challenge Work?In this section, we break down the Good Deed Challenge, outlining key dates for submissions, selection, and the winner’s announcement. Discover the process for picking a winner, the rewards involved, and how we’ll bring the winning idea to life. Submission Phase: March 18 to March 21, 2024The challenge starts with inviting community members to submit charitable ideas via our Binance Survey and social media. We’re looking for submissions that blend innovation with feasibility, impact, and sustainability. Proposals should detail the goals, steps, and expected outcomes, providing a clear path to making a real difference.Selection Process: March 21 to March 27, 2024Following the submission deadline, the next phase begins on March 21. The top three initiatives will be chosen based on their alignment with the criteria and potential to inspire the community. Then, from March 25-27, we’ll open the vote to our users on X, boosting awareness and involving the community in the final decision-making process.Winner Announcement: March 27, 2024The initiative that receives the most community votes will be celebrated as the winner. The individual behind the chosen idea will receive a 1,000 FDUSD reward for their creativity and commitment. Additionally, 9,000 FDUSD will support the winning idea’s implementation, with Binance working with NGOs to ensure effective execution. We’ll also be keeping the community updated with regular progress reports.How to Participate: A Step-by-Step GuideTaking part in the Good Deed Challenge is straightforward, and accessible for everyone. Here’s how you can get involved and make a difference this Ramadan:Step 1: Submit Your Initiative1. Brainstorm: Think about a charitable initiative that you’re passionate about. Consider its feasibility, impact, and sustainability.2. Detail Your Plan: Prepare a detailed submission that outlines your proposed initiative. Include objectives, execution steps, and expected outcomes.3. Submit: Use the Binance Survey link to submit your idea. You can also share your initiative directly on our social platforms under the campaign announcement post.Step 2: Engage in the Selection Process1. Stay Updated: Follow our official social media accounts to get updates on when the voting phase begins.2. Review and Vote: Once the top initiatives are shared on our platforms, review them and vote for the one you believe has the most significant potential for positive impact.3. Spread the Word: Encourage others in your network to participate in the voting process. The more community involvement, the better!Step 3: Support and Follow the Winning Initiative1. Winner Announcement: Stay tuned to our social media channels for the announcement of the winning initiative on March 27, 2024.2. Follow the Journey: Engage with regular updates shared by Binance, documenting the execution phase of the winning initiative.3. Amplify: Use your social media presence to amplify the progress and success stories of the initiative, further supporting the cause and spreading awareness.By following these steps, you can contribute to a campaign that goes beyond participation, towards fostering a community-driven force for good. Let’s bring the values of generosity, empathy, and kindness to life this Ramadan.The Binance Ramadan Calendar: $400,000 of Rewards‘The Good Deed Challenge’ marks Day 8 of our wider Ramadan Calendar, an engaging series of activities running from March 11 to March 20. This online calendar features a blend of daily rewards, livestreams, and community activities. With more than $400,000 in rewards to be distributed, we hope to inspire during this special time.Three ‘Always On’ ActivitiesAs well as the activities to be unlocked each day through March 11-20, our Ramadan Calendar features a number of ‘Always On’ activities, offering free and daily chances to win rewards. The three activities running throughout the duration are:Riddle Me This Ramadan: Share a $15,000 reward pool in FDUSD!Red Packet Giveaway: Claim your FREE Red Packet containing a crypto reward.Fawazir Social Media Contest: Solve riddles on X for rewards!Final Thoughts: Join the Good Deed Challenge This RamadanThis Ramadan, our Good Deed Challenge embodies the spirit of community, creativity, and charity, transforming collective action into meaningful change. We invite you to make a difference by submitting your charitable ideas, voting on initiatives, or spreading the word. Every action contributes to a global effort of kindness and renewal.Share your journey and impact on social media with #RamadanWithBinance, and let’s amplify our collective good deeds. Visit our survey page to take part, and follow us on X to stay updated and engaged. Warm wishes for a blessed Ramadan.Further ReadingThe Binance Ramadan CalendarFawazir Ramadan: Solve Riddles on X for Rewards!Give Back to The World: Feeding Families This RamadanRisk Disclaimer: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.

Main TakeawaysDive into the world of crypto with our ‘Suhoor Sessions’, a series of educational and interactive livestreams to be held on Binance Live during Ramadan 2024.Sessions will be held from March 16 to April 10, 2024, during which you’ll be able to explore different projects through presentations, Q&As, and competitive quizzes. Learn directly from project leaders — including Celo, Ethernity, IOTA, MANTRA, and Pixels — and engage in quizzes for a share of $5,000 in crypto per session.Ramadan is a period rich in introspection, community, and growth. Suhoor, the pre-dawn meal, symbolizes preparation and reflection, setting intentions and fostering connections. Embracing this spirit, we’re excited to introduce ‘Suhoor Sessions with Binance’ as part of our 2024 Ramadan Calendar of activities and celebrations. This initiative merges tradition with the contemporary crypto world, offering a series of educational and interactive sessions on blockchain and cryptocurrency. Aimed at enriching the holy month with discovery, engagement, and rewards, these livestreams are for anyone in our community interested in greater understanding and knowledge. What to Expect from the Suhoor SessionsRunning from March 16 to April 10, 2024, these sessions on our Binance Live streaming platform will offer insights into a range of crypto and blockchain topics.With each Suhoor Session dedicated to a different project, get ready to learn from our guest speakers about their crypto projects through presentations, Q&As, and online quizzes. Better yet, we’re combining education with the chance to share in crypto rewards — with each project attending a session giving away tokens as part of the fun. Let’s take a closer look at how each session will be structured.Session FormatEach Suhoor Session follows a carefully curated format to ensure participants gain the most from their experience.Project Presentations: The first segment of the session features a presentation by a guest from the project. This presentation is designed to introduce the project, outlining its objectives, technology, and potential impact on the crypto ecosystem.Quizzes: Following the presentation, participants will engage in an interactive quiz, testing their grasp of the project’s concepts and details. It's a fun and interactive way to reinforce learning and foster a competitive spirit.Winners Announcement: The excitement continues as winners are announced, each session rewarding those who demonstrate keen understanding and quick reflexes.Q&A Session: A vital component of the Suhoor Sessions, the Q&A allows participants to delve deeper, asking questions and clearing up any confusion about the projects. It’s a direct line to the experts, offering invaluable insights.Rewards: The session concludes with the distribution of rewards via Binance Live, directly crediting the winners’ accounts with their well-earned crypto rewards!Featured Partners and DatesOur Suhoor Sessions feature a diverse array of crypto projects, each with a distinct vision and contribution to make to the ecosystem. Confirmed sessions are as follows:Project: MANTRA (OM) / Suhoor Sessions: March 16 & April 2, at 23:59 UTC+4.“Revolutionizing the world of finance through the tokenization of real-world assets (RWAs). Bridging the gap between TradFi and DeFi.”Project: Pixels (PIXEL) / Suhoor Session: March 28, 2024, at 23:59 UTC+4. “A fun, easy-going, blockchain-backed game. We believe that Pixels will be the gateway for millions into Web3. The future is blockchain gaming.”Project: IOTA (IOTA) / Suhoor Session: April 6, 2024, at 23:59 UTC+4. “An open-source, scalable, feeless, and permissionless distributed ledger.”Project: Celo (CELO) / Suhoor Session: Date to be confirmed. “A blockchain built for the real world: mobile-first, and EVM compatible.”Project: Ethernity (ERN) / Suhoor Session: Date to be confirmed. “Connecting fans with the world’s biggest brands through digital collectibles.”Please note that these project descriptions reflect how they present themselves, and provide a glimpse into their vision, but are not endorsements by Binance. For the most current information on session dates and featured projects, be sure to follow Binance on social media. We’ll be announcing further Suhoor Session details throughout Ramadan, offering you a selection of insights, knowledge and rewards!$5,000 of Crypto Rewards per SessionAt the heart of the Suhoor Sessions is the belief that learning should be rewarding in every sense. More than just a test of memory, the quizzes to be held in each session challenge the Binance Live audience to think critically and act swiftly.Each project will be allocating $5,000 of tokens to be shared among each session’s winners. These rewards not only serve as a mark of appreciation for your engagement and effort, but also act as encouragement to delve deeper into the world of crypto!How to Participate on Binance LiveJoin the Suhoor Sessions with Binance in a few easy steps for a rewarding Ramadan experience.Step 1: Update your Binance app to the latest version (iOS 2.57.0 or Android 2.57.0 or later) for a smooth experience.Step 2: Access Binance Live via the app (under ‘More’) or website (top navigation bar).Step 3: Ensure your account is verified for session participation and rewards eligibility; verify in account settings.Step 4: Join any Suhoor Session by opening Binance Live at the scheduled times and selecting the session.Step 5: Engage with the content, answer the quizzes, and ask questions during the Q&A for a chance to win. Embrace, Learn, and Win: Your Invitation to Suhoor SessionsAs we gear up for the Suhoor Sessions as part of our Ramadan Calendar, we invite you to join us in this unique blend of education, interaction, and celebration. These sessions are designed not only to deepen your knowledge of the crypto world but also to foster a sense of community and shared learning during the holy month of Ramadan. By participating, you’re taking a step towards understanding the potential and dynamics of blockchain tech, all while enjoying the opportunity to win crypto rewards. Follow us on Binance Live and explore the vast possibilities within the digital landscape. Get ready for discovery, engagement, and meaningful rewards.From all of us here at Binance, we extend our warmest wishes for a blessed Ramadan. May this holy month bring you joy, peace, and prosperity. Embrace the #RamadanWithBinance spirit, and let’s journey together through the Suhoor Sessions!Further ReadingThe Binance Ramadan CalendarFawazir Ramadan: Solve Riddles on X for Rewards!Binance’s 2024 Ramadan Calendar: A Journey of Discovery and GivingRisk Disclaimer: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.

Main TakeawaysBitcoin halvings, occurring approximately every four years, are pivotal events that slow the supply growth of BTC by cutting miners’ rewards in half.By activating bitcoin’s deflationary and scarcity mechanisms, halvings enhance its appeal as a form of “digital gold” while spurring wide-ranging discussion in the crypto space and beyond, putting digital assets into the spotlight as catalysts for change.This year’s halving is especially unique, as we are seeing the collision of three major narratives: surging spot ETFs, booming DeFi activity, and the halving itself. Indeed, 2024 will be a pivotal year for Bitcoin.Occurring roughly every four years, Bitcoin halvings are one of the most anticipated events for the original blockchain network and the wider crypto ecosystem. As the name suggests, a halving cuts the amount of bitcoin given to miners as a reward by half. By doing so, it activates a deflationary mechanism that slows the supply growth of bitcoin over time, thus making it more scarce and contributing to the narrative of BTC as “digital gold.”As we approach the next Bitcoin halving, set for the latter half of April 2024, the market eagerly anticipates its impacts. However, the inner workings of this important event and its potential effects often get overshadowed by the buzz. Today, let’s explore the underlying dynamics of Bitcoin halving to better understand how this event can affect market trends and what it means for the broader industry.What Is Bitcoin Halving?At its core, a Bitcoin halving refers to a 50% reduction in the reward that Bitcoin miners receive for verifying and adding new bundles of transactions, or blocks, to the blockchain. The event occurs after every 210,000 blocks are mined, which happens approximately every four years. Through this mechanism, the finite supply of bitcoin (capped at 21 million) is released into circulation at a diminishing rate, thereby inducing a deflationary effect on the cryptocurrency. This feature sets BTC apart from traditionally inflationary fiat currencies.This intentional slowing of supply growth, paired with BTC’s fixed maximum supply of 21 million units, powers the scarcity driving bitcoin’s value and its appeal as a form of “digital gold.” Unlike traditional fiat currencies, whose supply is regulated by central banks, BTC’s total supply is fixed and immutable. Halving is a crucial aspect of Bitcoin’s tokenomics, designed to control the supply of BTC and ensure that its maximum limit is approached at a predictable rate over time.The first halving occurred in November 2012, when the block reward dropped from 50 to 25 BTC. Subsequently, in July 2016, it was further halved to 12.5 BTC. The most recent halving, in May 2020, saw the block reward diminish to its current amount of 6.25 BTC. In the fourth halving, set for April 2024, the reward will become 3.125 BTC.Market DynamicsBitcoin’s cyclical halvings have often represented significant turning points in the cryptocurrency’s market dynamics, with each halving event historically having a strong impact on BTC prices. This is largely due to the fundamental economic principles of supply and demand. With each halving, the rate of new bitcoins being added to the circulating supply slows. With this decreased supply, in the face of steady or growing demand, bitcoin’s price would appreciate, all else equal.Historically, BTC experienced notable price surges in the six months following each halving event. On November 28, 2012, the day of the first halving, bitcoin’s price was approximately $12. In late May 2013, it had risen to around $130. On July 9, 2016, the date of the second halving, Bitcoin’s price was around $660 before increasing to roughly $900 in early January 2017. Finally, the price of Bitcoin was approximately $8,600 at the time of the latest halving on May 11, 2020. Six months later, around early November 2020, Bitcoin’s price had risen to over $15,700, indicating considerable growth in value in the aftermath of the halving event.Additionally, the year following a Bitcoin halving has typically been associated with bull market conditions. A year after the first halving in 2012, BTC experienced a dramatic surge, culminating in its 2013 peak. The second halving in 2016 was followed by a bull run in 2017. Finally, bitcoin reached its previous all-time high in November 2021, the year following its most recent halving in 2020. Another interesting trend to note is that bitcoin has reached a new all-time high in the four-year period between each halving event. In the 2020 to 2024 cycle, this new all-time high was achieved in October 2022, when Bitcoin breached $66,000, although this has already been breached since then in 2024.These dynamics underscore the market’s response to the reduced supply of new BTC, with increased demand driving up the cryptocurrency’s value. While immediate price changes were not always seen, the overall trend has been a significant price appreciation in each halving cycle. However, it’s essential to remember that future outcomes are never guaranteed by past events, as a multitude of other market factors are simultaneously at play. Whether these bullish trends will follow the next halving remains to be seen.Effects on MiningUnfortunately for Bitcoin miners, halvings reduce their immediate rewards for processing transactions and securing the network, essentially doubling mining costs per token. With each halving, miners must reevaluate the balance of efficiency and profitability in their operations, potentially leading some to exit the market. This reduction in miners can negatively affect the Bitcoin network’s processing capabilities, particularly in the short term.However, the Bitcoin network has historically shown resilience in the face of such issues. With each halving, bigger miners generally seek out opportunities to acquire smaller competitors. We also often see more mergers in the space as miners attempt to consolidate their operations. As a result, while the number of miners may decrease, the overall size of mining operations generally maintains its balance.With increased costs and reduced efficiency, halvings can also drive miners to overcome these challenges through innovation. Thus, each halving inadvertently becomes a catalyst for advancements in blockchain technology, helping to mitigate the impacts of reduced miner participation. Additionally, miners may opt to switch to mining altcoins or explore other revenue streams within the crypto space, potentially helping to maintain a balance in the overall mining ecosystem.Broader Industry ImplicationsBeyond short- and long-term market dynamics, Bitcoin halvings can instigate transformative changes in the cryptocurrency sector and beyond. Bitcoin halvings act as headline events in the industry, sparking renewed discussions about the future of cryptocurrencies and challenging traditional financial models. Each halving stimulates increased awareness and education about cryptocurrencies. Thus, they pave the way for wider crypto adoption, especially as institutional interest in Bitcoin continues to grow.A deflationary shift reinforces the argument of bitcoin as “digital gold,” or a safe-haven asset, presenting a potential safeguard against traditional inflationary economics. Additionally, bitcoin’s value doesn’t directly correlate with traditional financial markets, and it is unaffected by any central bank, thereby partly insulating it from some of the economic changes that impact fiat currencies. These factors can make BTC a potential store of value even in times of economic uncertainty, and halvings help bolster this narrative.Bitcoin Halving 2024As Bitcoin’s fourth halving approaches, there’s a palpable sense of anticipation. This year’s halving is unique as it comes amid a series of other significant events in the Bitcoin and wider crypto ecosystem. Firstly, the emergence of US-based spot bitcoin exchange-traded funds (ETFs) has been extremely successful in amplifying BTC’s demand and furthering its reach. These funds have attracted over $11.9 billion of net inflow since launching in January 2024 – a remarkable achievement, marking the most successful ETF launch in history. Secondly, the Bitcoin network has recently seen a boom in layer-2 (L2) and decentralized finance (DeFi) activity, largely fueled by the popularity of the Ordinals protocol and Bitcoin inscriptions. Given Bitcoin’s limited functionality beyond a store of value, one of its most persistent challenges has been scalability. Unlike more flexible blockchains like Ethereum, Bitcoin lacks advanced smart contract capabilities, thereby limiting its capacity for L2 and DeFi solutions. The launch of the Ordinals protocol in early 2023, which enabled the minting of fungible and non-fungible tokens on Bitcoin, helped spur a new level of  on-chain activity and innovation within the network. Since then, Bitcoin-based DeFi solutions have increasingly gained momentum with various teams working on Bitcoin L2 networks in particular. Many of these are expected to launch in the coming months, alongside other innovative Bitcoin DeFi projects.Indeed, with a triple collision of three major narratives, 2024 is set to be a pivotal year for Bitcoin. Occurring in the midst of booming spot BTC ETFs and DeFi activity, this halving will be a unique one. We have already seen considerable price increases as a result of the demand and liquidity from spot ETFs, with Bitcoin reaching new all-time highs multiple times so far. Most recently, bitcoin hit a new record after surpassing $73,000 on March 13. Interestingly, this year marks the first time that BTC has hit a new all-time high before a halving event. As mentioned above, previous BTC price surges were usually only seen post-halving, with all-time highs occurring in the subsequent year. Given the unique circumstances surrounding this halving, whether BTC will still follow the same price trajectory remains to be seen.Halving HorizonsAt Binance, we view the halving as an opportunity to reflect on the crypto ecosystem’s past growth and future trajectory. To commemorate this pivotal event, we’ve launched an exclusive “Halving Horizons” campaign, with a total prize pool of over $500,000! Users can participate in a diverse range of activities designed to enhance their crypto knowledge while earning and winning rewards.Beyond celebrations, this campaign is about exploring the broader significance of Bitcoin halvings through thoughtfully designed activities and educational content to illuminate the ecosystem’s growth. BTC, SATS, FDUSD, and even brand-new Teslas are up for grabs, so don’t miss your chance to win these premium rewards!For more details, check out our Halving Horizons blog announcement.Beyond BitcoinBitcoin halvings essentially decelerate the production rate of BTC, furthering the scarcity that drives its value. Yet, their effects ripple far beyond the Bitcoin network into the rest of the cryptocurrency industry and broader financial landscape. Halvings encapsulate Bitcoin’s dedication to a fixed and unwavering monetary policy governed by code — a departure from the sometimes less predictable decisions found in traditional financial systems. This shift offers a fresh perspective, hinting at a future where cryptocurrencies steer us toward a more transparent monetary system. Each halving, then, marks a new chapter in the unfolding evolution of modern finance.Further ReadingWhat Happens to Your Bitcoin After the Halving?3 Simple Methods to Purchase Bitcoin & Other Cryptocurrencies: Preparing for the Bitcoin HalvingBinance Research: Exploring the Evolution of BitcoinDisclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.