#BinanceFutures Join the competition and share a prize pool of 1,250,000 IR! https://www.binance.com/activity/trading-competition/futures-ir-challenge?ref=300179402
It's crazy after this token was listed on Upbit. Really, every time this event happens, it's best to go down! Even though it's a good project, the price will continue to drop of this token, it is unviable I really see it again at $0.28 per unit.
#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_PLK6Z
In the Terra Classic chain, 1.77 billion of $LUNC burns occurred in the last 4 days. The majority of the burns were realized as tax burns. In the day we left behind, there were 454 million #LUNC burns. Today, the burns continued. So far, 413 million LUNC has been burned. While many altcoin and memecoin projects have seen token minting and unlocks; LUNC and #USTC supply continues to decrease with tax burns. #TerraClassic $LUNC {spot}(LUNCUSDT)
USTC stands out among the most prominent coins. The price has risen above $0.015 again. There are plenty of opportunities for #USTC and #LUNC, which are trying to remain strong amidst Bitcoin's $78,000 drop. Investors' preferences will change; the continuous decrease in the supply of LUNC and USTC due to burns and the absence of new minting may be a reason for preference. 🔵 The Terra Classic blockchain continues to progress step by step. 32450303408 2176933001308194877657
🤯 The price of Bitcoin has fallen by more than 8.15% in the six days since ETFs began their six-day selling streak on February 18.
📈 Bitcoin ETFs recorded over $1.14 billion in net outflows accumulated in the two weeks leading up to February 21, marking the highest two-week withdrawal period since they started trading on January 11, 2024.
The recent Bitcoin correction raises concerns about the sustainability of the current Bitcoin rally, according to Iliya Kalchev, dispatch analyst at the digital asset investment platform Nexo.
🚨 The market volatility that followed has led to $1.3 billion in total cryptocurrency liquidations in the last 24 hours, affecting 362,000 traders, according to CoinGlass. Bitcoin alone accounted for $523 million in liquidations.
☝️ The current correction resembles the market structure of 2017, when Bitcoin experienced a 28% correction five times, each lasting two to three months, wrote Raoul Pal, founder and CEO of Global Macro Investor, in a post on X on February 25 here.
💰Brazil's largest stock exchange to expand investment options in Solana and ETH
The B3 Stock Exchange announced that it will expand its cryptocurrency offering this year, opening up options for users to invest in solana and ether.
B3, Brazil's largest stock exchange, has offered an update on its plans to offer investment products involving a wider range of cryptocurrencies.
According to local media, the organization is preparing to launch futures contracts for ether and solana, two popular cryptocurrency projects.
Brazilian investors have been receptive to these cryptocurrency options. Last year, bitcoin's rise to over $100,000 also caused cryptocurrency markets in Brazil to surge with demand, with cryptocurrency-based exchange-traded funds (ETFs) reaching record levels.
At the time, every ETF containing bitcoin in its composition saw record levels of trading.
🌐🤯 Authorities in Panama 🇵🇦 may initiate investigations against World (formerly Worldcoin)
The National Authority for Transparency of Panama is closely monitoring the operations of World in the country, with the aim of ensuring that the privacy of users' personal data is respected.
☝️ Due to the presence of World (formerly Worldcoin) in Panama, the National Authority for Transparency and Access to Information (ANTAI) announced through a statement published on its official website that they are vigilant with the intention of proceeding with the parameters established in law No. 81, which seeks to protect users' personal data.
📄 In the statement, they emphasized that "biometric data is sensitive data, as it is a type of personal data whose improper use can generate discrimination or pose a serious risk to the holder, due to ethnic, racial, religious, union affiliation, opinion or political affiliation, health or life-related data, or preference or sexual orientation, and is therefore subject to regulation and requires greater guarantees, protection, and control for its proper and correct processing."
⚠️ Warning about the possible “Grayscale effect” on Solana in 2025 🚨
☝️ Analyst warns that Solana (SOL) could face significant price pressure in 2025 due to the unlocking of shares from Grayscale Trust.
The past "Grayscale Effect" on Bitcoin caused severe corrections; similar risks may arise for SOL, with key dates in January and July.
Investors should remain vigilant and consider hedging or diversifying before the possible volatility of these events. The “Grayscale Effect” is based on past experiences with the Grayscale Bitcoin Trust (GBTC).
When Grayscale unlocks its shares, investors typically sell them to capitalize on the premium — the difference between the net asset value (NAV) of the underlying asset (Bitcoin or Solana) and the share price.
🤯 Historically, this has led to an increase in selling pressure, sharp price drops, and, in some cases, turbulence across the market. Lilly pointed out that a similar scenario unfolded in 2021 with GBTC.
When the premium vanished, the Bitcoin market peaked before a severe correction occurred, contributing to the collapse of companies like 3AC, Celsius, and Voyager.
⚠️ Warning about the possible “Grayscale effect” on Solana in 2025 🚨
☝️ Analyst warns that Solana (SOL) could face significant price pressure in 2025 due to the unlocking of shares from Grayscale Trust.
The past "Grayscale Effect" on Bitcoin caused severe corrections; similar risks may arise for SOL, with key dates in January and July.
Investors should remain vigilant and consider hedging or diversifying before the possible volatility of these events. The “Grayscale Effect” is based on past experiences with the Grayscale Bitcoin Trust (GBTC).
When Grayscale unlocks its shares, investors typically sell them to capitalize on the premium — the difference between the net asset value (NAV) of the underlying asset (Bitcoin or Solana) and the share price.
🤯 Historically, this has led to an increase in selling pressure, sharp price drops, and, in some cases, turbulence across the market. Lilly pointed out that a similar scenario unfolded in 2021 with GBTC.
When the premium vanished, the Bitcoin market peaked before a severe correction occurred, contributing to the collapse of companies like 3AC, Celsius, and Voyager.
🪙 Bitcoin turns 16: How crypto coin went from zero to trillion-dollar asset explained
🎂 Bitcoin is now 16 years old. If we were to choose the best-performing asset of the past decade, there is no doubt that Bitcoin would rank first.
From being worthless to a market value of over $2 trillion, Bitcoin has grown extensively in the last 16 years, so much so that Bitcoin has been the best-performing asset class in the past 11 years, data shows-Satoshi Nakamoto, a name used by the creator (or creators) of Bitcoin, mined the first Bitcoin block on Jan. 3, 2009.
This “genesis” block followed the release of a Bitcoin whitepaper on October 31, 2008, which laid the foundation for the now-leading cryptocurrency.
🌟16 Years of Progress
Since its inception, Bitcoin has undergone remarkable transformations that define its growth and influence.
🌟Adoption in the Early Day
Initially, Bitcoin attracted mainly technology enthusiasts. A notable moment in 2010 saw the first real-world transaction when 10,000 BTC were traded for two pizzas. This event underscored Bitcoin’s early value and its potential as a medium of exchange.
🌟A Dramatic Rise in Market Value
Bitcoin’s market capitalization has expanded significantly. By late 2024, it exceeded $1.42 trillion, placing Bitcoin among the top ten financial assets globally. This growth reflects its increasing acceptance and its role as a significant investment option.
🌟Interest from Major Institutions
Large corporations and institutional investors have embraced Bitcoin in recent years. This shift has added to its legitimacy, attracting a broader range of investors who view Bitcoin as a reliable and innovative asset.
☝️ As Bitcoin marks its 16th year, it stands as a symbol of the changing financial landscape. From its modest beginnings as a decentralized peer-to-peer payment system to its current status as a major financial asset, Bitcoin has transformed the way people think about money and digital transactions.
🤯 Bitcoin traders are targeting a price of 138,000 dollars after the Coinbase premium reached a "break-even point
🪙 Bitcoin closed a daily candle above 100,000 dollars for the first time on December 8, but since then, it has only been above the six-figure level for six days.
A daily close above 100,000 dollars will be a crucial turning point, and Posty, a cryptocurrency trader, said that the current price action of BTC reflects its bullish rally from the first quarter of 2021. After considering the laws of diminishing returns over a four-year period, the trader believed that if BTC continued to follow the pattern of its previous cycle, Bitcoin would be valued at around 138,000 dollars in February.
☝️ Meanwhile, Cryptochimpanz, a Bitcoin advocate, believed that the monthly chart of BTC illustrated an "ugly" setup of the previous bullish cycle.
"BTC, unless we break above 99,000 dollars and turn it into support, I think we will see lower prices in January. Pretty simple triggers for me here: break and turn 99,000 dollars into support or test again the 90,000-88,000 dollar zone."