Contact Binance News: binancenews@binance.com

Updated April 22, 2024

How to Earn Commissions with  Binance News?

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

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

How Can You Get Started?

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

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

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

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

Why Partner with Binance News?

Top-Quality Content for FREE

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

Boost Your Credibility Through Partnership with Binance News

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

About Binance News

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

According to Bloomberg, a yellow legal pad with 'Buy Bitcoin' scribbled on it, which was flashed by an intern during a 2017 Congressional testimony, has been auctioned for $1.027 million. The sign, which was displayed during then-Federal Reserve Chair Janet Yellen's testimony, became a symbol for the burgeoning community of cryptocurrency developers and investors. Since that time, Bitcoin's value has skyrocketed from approximately $2,300 to a record-breaking nearly $74,000 in March. This surge has been fueled by financial giants like Fidelity and BlackRock endorsing the digital asset, and retail investors returning to the crypto market after years of instability and fluctuating prices.

The sign was auctioned off by Christian Langalis, a former intern at the Libertarian think tank Cato Institute. Langalis was seated behind Yellen during her appearance before the House Financial Service Committee in July 2017 and quickly wrote the message on the pad. After the sign was seen on television, Langalis was promptly escorted out. The auction site, Scare City, described the item as an 'Ink Drawing on Legal Pad' that weighs half a pound and includes Langalis's notes from the hearing. The page with the sign was removed from the notepad shortly after the hearing and has since been reattached with clear archival wire.

The winning bid of 16 Bitcoin was made by an anonymous buyer. There was a brief confusion during the final minutes of the bidding when an error made it seem like $6.4 million was bid. However, this was soon recognized as a mistake, and the price was corrected. Langalis intends to use the proceeds from the auction to fund a Bitcoin software project.

According to CryptoPotato, Nubank, a São Paulo-based fintech, has introduced a new feature that enables Bitcoin and cryptocurrency withdrawals and deposits. This development allows customers to send and receive Bitcoin, Ethereum, and Solana through the Nubank app. The withdrawal and deposit options are currently available for users to explore on the app's main crypto screen.

The launch initially supports three cryptocurrencies, but Nubank intends to expand this offering soon. Users are advised to consider several factors before completing a transaction. Withdrawals may incur variable fees depending on the chosen network, and crypto transactions could take around 60 minutes. Users must also ensure that the selected network and currency are compatible with the Nubank wallet. The bank stresses the importance of sending assets to supported networks and correct addresses, as errors could lead to irreversible loss of funds.

This new feature from Nubank is expected to further stimulate Brazil's burgeoning crypto environment. As the largest fintech bank in Latin America, boasting a customer base of 80.4 million in Brazil and millions more in Mexico and Colombia, Nubank's foray into cryptocurrency marks a significant stride towards mainstream acceptance. This move follows closely on the heels of Itau Unibanco, Brazil's largest bank, which entered the cryptocurrency exchange market in early December 2023.

Brazil is among the top Latin American countries in terms of cryptocurrency adoption. It is one of three nations demonstrating strong 'grassroots adoption' and ranks within the top 20 on Chainalysis' Global Crypto Adoption Index.

According to PANews, the co-founders of cryptocurrency mixing service Samourai Wallet have been arrested. Prosecutors claim they are suspected of laundering $100 million from Silk Road and other illegal markets. Keonne Rodriguez, the CEO of Samourai, and William Lonergan Hill, the CTO, were charged with operating the Samourai Wallet.

Prosecutors stated that Samourai is an unlicensed remittance company that participated in 'over $2 billion in illegal transactions, and provided over $100 million in money laundering transactions for illegal dark web markets including Silk Road'. Rodriguez was arrested on Wednesday morning and will face trial in Pennsylvania. Hill was arrested in Portugal, and the United States is seeking his extradition.

The prosecutors also stated that Samourai's web servers and domain names have been seized, and the application can no longer be downloaded from the Google Play store in the United States. Rodriguez and Hill are charged with money laundering and unlicensed money transmitting business, with maximum sentences of 20 years and 5 years respectively.

According to PANews, data from Coinglass reveals that the cryptocurrency market experienced a total contract liquidation of $193 million in the past 24 hours. This liquidation affected 85,846 individuals.

The majority of the liquidation, amounting to $151 million, was from long positions, while short positions accounted for approximately $41.88 million. Bitcoin (BTC) and Ethereum (ETH) were significantly impacted, with liquidation amounts of approximately $43.60 million and $38.72 million respectively.

According to Blockworks, the Bitcoin blockchain ecosystem has seen a surge in speculative points farming, with Merlin leading the trend. Merlin, which was relatively unknown a month ago, has experienced a 2,000% growth in the past 30 days. It now has over $1 billion in total value locked (TVL), making it the largest Bitcoin sidechain, according to data from DeFiLlama. This puts Merlin ahead of established layer-1s like Avalanche and Polygon.

More than half of Merlin’s $1 billion is held in Solv Finance, a protocol that allows users to deposit wrapped bitcoin and receive 'Solv Points' in return. Solv and Merlin are currently running a promotion encouraging users to farm for points and tokens. In the crypto world, points are valueless participation tallies that often determine allocations in future token airdrops. Following recent airdrops that converted points to large sums of tokens related to Solana and EigenLayer, points farming has found its place in the Bitcoin ecosystem.

Merlin also airdropped its native MERL token to users last week. However, the token has seen a nearly 40% slump since being listed on CoinGecko. Merlin presents itself as a Bitcoin layer-2 solution, integrating zero-knowledge proofs with Bitcoin’s blockchain through Taproot. This integration enhances transaction privacy and efficiency significantly. Unlike Ethereum zk rollups where proofs are verified on-chain, Merlin’s proofs are verified off-chain by a decentralized network of oracle nodes before being batched and submitted to Bitcoin’s blockchain through Taproot. This off-chain handling of data and proofs ensures scalability and security without overloading the Bitcoin mainnet with excessive data.

Merlin's growth indicates a broader trend of renewed interest in speculative uses for bitcoin beyond its price. Runes, an evolution of the Ordinal inscription concept, went live at the halving and have caused a spike in the network’s transaction fees. Venture capital, which had long been on the sidelines when it comes to Bitcoin, has started to flow into the ecosystem. There’s also a race alongside Merlin to draw liquidity to Bitcoin layer-2 solutions. A different Bitcoin layer-2, Stacks, just pulled off its Nakamoto upgrade in an attempt to make its product faster and more reliable.

On Apr 24, 2024, 20:32 PM(UTC). According to Binance Market Data, BNB has crossed the 610 USDT benchmark and is now trading at 610.599976 USDT, with a 0.43% increase in 24 hours.

On Apr 24, 2024, 19:02 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 64,000 USDT and is now trading at 63,835.609375 USDT, with a 4.36% decrease in 24 hours.

According to Foresight News, Tenet, a re-pledged public chain, has announced its mainnet launch roadmap. The mainnet technology of Tenet will be rolled out in three phases. Users from the first two phases, as well as those tracing back to Tenet's mainnet and testnet products, will be able to earn Lightyears, the Tenet version of points. This will lead to the launch of Interstellar, the Tenet incentive token. Tenet will continue to serve as the network's gas token and will be used for network governance and security. The first phase will commence in the coming weeks.

In the first phase of the launch, points will be allocated to users who bridge from the selected LRT protocol to Tenet. The initial allocation of Lightyears will be announced based on Tenet usage, including testnet users, Eva wallet pledgers, early cross-chain users, and users interacting with early partner protocols on the Tenet network.

The second phase will gradually shift the point incentives towards partner protocols launched on top of Tenet, including DEX and LRT-supported stablecoin solutions.

After the initial allocation of Lightyears is completed, the third phase will begin. Incentive measures will be handed over to the community through the Interstellar TGE event.

According to Foresight News, Chainlink has announced that its Cross-Chain Interoperability Protocol (CCIP) has officially entered the fully available stage. Developers can now use CCIP to transfer loaded tokens across chains without needing permission. They can send any message to a smart contract on another integrated blockchain, or simultaneously send data and value through CCIP's unique support for programmable token transfers.

The blockchains that support this include Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Kroma, Optimism, Polygon, and WEMIX, with plans to add more in the future. This development marks a significant step forward in the blockchain industry, as it allows for greater interoperability between different blockchain platforms.

The CCIP's full availability means that developers can now more easily integrate their applications with different blockchains, potentially leading to a more interconnected and efficient blockchain ecosystem. This could have far-reaching implications for the future of blockchain technology, as it could pave the way for more innovative and complex applications that leverage the unique strengths of different blockchains.

According to Foresight News, Monex Group, a Japanese financial services provider, has completed the acquisition of a majority stake in Canadian crypto asset company 3iQ Digital Holdings. This move is part of Monex Group's strategy to expand its cryptocurrency business.

Previously, 3iQ had launched the first regulated Bitcoin and Ethereum exchange-traded funds in North America, as well as the first Ethereum ETF with a pledge function on the Toronto Stock Exchange. With the acquisition of 3iQ, Monex Group aims to meet the needs of global institutional investors and exchanges for crypto asset management.

According to BlockBeats, Grayscale, a major cryptocurrency investment firm, has reportedly reduced its Bitcoin (BTC) holdings by 538 BTC, equivalent to approximately $35.08 million. The firm currently holds 303,683 BTC, which is worth around $19.8 billion.

In contrast, BlackRock, another prominent investment management corporation, has increased its BTC holdings. The firm added 569 BTC to its portfolio, equivalent to about $37.14 million. BlackRock's current BTC holdings stand at 274,462 BTC, valued at approximately $17.9 billion.

Furthermore, nine Exchange-Traded Funds (ETFs), including Grayscale, collectively increased their BTC holdings by 949 BTC, equivalent to about $61.88 million. The report did not provide further details about the other eight ETFs involved in the BTC acquisition.

According to PANews, BlackRock's Bitcoin ETF, known as IBIT, has been performing exceptionally well, as per the insights shared by Bloomberg's senior ETF analyst, Eric Balchunas. The ETF has managed to capture 24% of the total inflow of all BlackRock ETFs globally, standing out among its 1000 ETFs. Currently, the total assets managed by IBIT exceed $18 billion, second only to Grayscale's fund.

Furthermore, data from The Block indicates that the cumulative trading volume of all Bitcoin ETFs is nearing $230 billion. This suggests that these financial products have garnered significant attention from investors.

Balchunas mentioned these figures during an online panel discussion about the recently approved spot cryptocurrency ETF in Hong Kong. He stated that this achievement has even caught the attention of BlackRock's CEO, Larry Fink. Since its listing in the United States in January this year, the IBIT ETF has consistently attracted capital inflows for over 70 days, making it one of the most successful exchange-traded funds in history.

According to Foresight News, Web3 data infrastructure provider Syntropy has announced its rebranding to Synternet. The company positions itself as a Layer1 blockchain, providing data infrastructure for a unified, composable Web3 environment. The transition from Syntropy to Synternet will not affect the holders of the NOIA token, which continues to operate on the Ethereum network. Currently, no action is required from the token holders.

Synternet has pledged to launch the Synternet blockchain mainnet in the coming months, introducing a cross-chain bridge between Ethereum and Cosmos. This move is part of the company's commitment to enhancing the interoperability and functionality of the blockchain ecosystem. The rebranding is seen as a strategic move to better align the company's name with its mission and future plans.

According to Foresight News, there are reports from the community suggesting that Merlin Chain's official Discord may have been attacked. It appears that an administrative account has posted notifications containing phishing links. Currently, the server's invitation is on hold.

According to Foresight News, Matt Hougan, Chief Information Officer at Bitwise, has made five predictions about Bitcoin before its next halving, which is expected to occur in April 2028. Hougan's forecasts focus on reducing volatility, increasing portfolio allocation and exchange-traded fund flows, central bank participation, and a Bitcoin price target exceeding $250,000 in the coming years.

Hougan anticipates a decrease in Bitcoin's volatility, which has been a significant concern for many investors. He also predicts an increase in portfolio allocation towards Bitcoin, suggesting that more investors will include the cryptocurrency in their investment portfolios. This increase in allocation is expected to be accompanied by a rise in exchange-traded fund flows.

Another significant prediction made by Hougan is the involvement of central banks in Bitcoin. While the specifics of this involvement remain unclear, it indicates a potential shift in the traditional financial system's approach to cryptocurrencies. Lastly, Hougan predicts that the price of Bitcoin will exceed $250,000 in the next few years, a significant increase from its current value.

According to U.Today, Ethereum (ETH) is currently facing a significant resistance zone between $3,170 and $3,270 as it continues its journey past the $3,000 price point. This resistance zone is not just a simple price point, but represents a significant concentration of ETH held by 1.63 million addresses, totaling 4.45 million ETH. This accumulation of holdings could play a crucial role in determining whether Ethereum can break through and reach the much-anticipated $3,650 level.

Crypto analyst Ali highlighted this formidable resistance zone for ETH, characterized by a concentration of Ethereum holdings among a large number of addresses. On-chain data reveals that approximately 1.63 million addresses collectively hold a significant 4.45 million ETH at these price levels. The large number of addresses holding onto their ETH within this range indicates a potential sell-off point, where many investors may decide to take profits, thereby increasing the selling pressure and making it harder for the price to push through.

If a significant portion of these holders were to sell, it could lead to a price drop. However, if these holders remain confident and continue to hold, or if new buyers step in with enough volume, the price could break past the resistance and head toward the next target of $3,650. Ali indicated in his tweet that breaking past the barrier between $3,170 and $3,270 could propel ETH toward $3,650. At the time of writing, ETH was up 1.51% in the last 24 hours to $3,243.

If the current bullish momentum sustains, Ethereum might aim for $3,302 ahead of the 50-day SMA at $3,488. This would aim for $3,650 and further the $3,729 barrier. Conversely, if the ETH price turns down from current levels, it could slip toward the $3,000 price point. This remains a critical support for the bulls to maintain because, if it fails, the next stop could be $2,850.

According to U.Today, a new animation featuring Elon Musk and Dogecoin (DOGE) is creating a stir in the cryptocurrency world. The one minute, 24 seconds long clip addresses the ongoing issues of interoperability in the Web3 ecosystem. The animation, shared by Sir Doge of the Coin, uses Michael Jackson’s classic song, 'Man in the Mirror,' as its soundtrack, delivering a potent message to the cryptocurrency community.

The animation highlights the frustrations experienced by users of one platform who are unable to transact on another due to interoperability issues. In the clip, Musk observes a young girl being denied the ability to pay for a cookie using her X wallet by a DOGE seller. This incident troubles Musk, leading to a bout of insomnia. In response, he takes action based on the lyrics of the theme song, 'Man in the Mirror.'

The animation concludes with a solution where DOGE and X collaborate, allowing the girl to pay for her cookies using the X wallet. This collaboration between DOGE and X hints at Musk’s plan to launch a peer-to-peer payment platform and transform X into a comprehensive app for global users. While the plan for integrating payment solutions into X remains unclear, there is speculation that Dogecoin could be one of the first supported currencies.

In March, U.Today reported that Musk had made significant strides towards crypto payments by obtaining licenses in three new states – Illinois, New Mexico, and Oregon. This move is seen as a significant step towards Musk’s vision of expanding X beyond its initial scope as a social media platform. Analysts suggest that the animation could indicate a potential collaboration, given speculations that Musk, a tech billionaire and meme enthusiast with significant influence in the crypto space, could be the whale who holds over 36 billion coins.

According to U.Today, renowned trader Peter Brandt has sparked a debate with his recent assertion that Bitcoin has not reached a new all-time high (ATH) in the past three years. This statement may seem counterintuitive to many, given that Bitcoin reached its highest price level of $73,750.07 on March 14. However, Brandt argues that when adjusted for inflation, Bitcoin's price has not achieved a new high in three years.

Brandt's argument is based on the metric of U.S. consumer purchasing power. Despite the approval of a spot Bitcoin ETF and the recent Bitcoin halving event, Brandt believes that the cryptocurrency's price remains low when considering this factor. According to a chart he shared, Bitcoin last hit a high price in relation to consumers' buying power in the second half of 2021.

Brandt, who has over 50 years of trading experience, expressed interest in hearing the perspectives of Bitcoin bears on the cryptocurrency's potential. He has been consistently vocal about his confidence in Bitcoin as an asset class, a stance that contrasts with his views on Ethereum (ETH).

In addition to Brandt, several other market investors and analysts have issued high price targets for Bitcoin. They anticipate that the spot Bitcoin ETF will trigger increased demand in the future, a trend that will be complemented by the reduced supply resulting from the halving. One such prediction came from 'Rich Dad Poor Dad' author Robert Kiyosaki, who forecasted that Bitcoin's price would exceed $100,000 by the end of this year.

According to U.Today, Bitcoin's average dormancy has reached a 13-year high, as per recent data shared by Ki Young Ju, the CEO of CryptoQuant. This increase in dormancy indicates a significant transfer of older Bitcoins to new holders, which could potentially reshape the cryptocurrency's ownership landscape. On March 23, Bitcoin's Average Dormancy reached a level of 227.684. Average Dormancy is a metric that represents the average number of 'destroyed days' of moved coins, calculated by dividing Coin Days Destroyed (CDD) by the total movement of coins.

A higher Average Dormancy value typically suggests that long-term holders are moving or possibly selling their coins, which could indicate a potential price drop. The Average Dormancy of Bitcoin hitting a 13-year peak is significant for several reasons. Firstly, the increase implies that older, long-term holders of Bitcoin are either transferring their holdings or selling them to new investors. This shift could potentially alter the ownership distribution of Bitcoin, with new participants gaining a larger share of the market.

Secondly, historically, spikes in Average Dormancy have often been followed by increased price volatility. If long-term holders are indeed selling or transferring their coins, it may lead to a greater supply of Bitcoin on the market, potentially putting downward pressure on prices. Lastly, the rising Average Dormancy could also reflect changing market sentiment among Bitcoin holders. Long-term investors may be responding to macroeconomic factors, regulatory changes, or other market dynamics that influence their decision to hold or sell their assets.

Ki Young Ju's observation about the shifting cap table for Bitcoin underscores the evolving nature of the market. As older Bitcoins are transferred or sold to new holders, the ownership dynamics of Bitcoin are undergoing a significant transformation. Market participants should closely monitor these developments, as they could have far-reaching implications for market sentiment in the coming months.