Binance Weekly Report: BTokens on Ethereum, New Event in November

In this weekly report (October 24 to 30, 2020): Introducing Binance wrapped tokens on Ethereum, Axie Infinity on Binance Launchpad, increased staking profits on your favorite assets, and a new Binance Summit in November.

Crypto Market Overview

Bitcoin almost broke the $14K level, massively outperforming altcoins

Bitcoin started moving sideways around $13,000 during the weekend and remained stable until Tuesday, before nearly breaking the $14,000 level on Wednesday. The price immediately dropped after failing to breach $14,000. Bitcoin traded at $13,500 to close the week.

Last week, Ethereum (ETH) fell behind and got outperformed by many other assets. ETH’s reached its 7-day high on Monday, at $416, and reached its 7-day low of $375 on Friday. BNB achieved an impressive stable price of around $30 for most of the last week, with a 7-day high of $32 and a 7-day low of $27. BNB currently trades around $28.50.

The cryptocurrency industry’s total market capitalization started the week at $392 billion, with steady growth throughout the week, before reaching $409 billion on Wednesday and dropping to $395 billion on Friday.

For more crypto-related news and updates, head over to the Binance News service. We now move to updates from the BNB ecosystem and beyond.

BNB Smart Chain (BSC) Updates

1. Token Canal Upgrade: Binance Wrapped BTokens on Ethereum, Panama Turns into Bridge. To further support the growth of DeFi and help bridge it with CeFi, we launched wrapped tokens called BTokens on Ethereum as part of our upgrade to the Token Canal program.

2. Our $100M Accelerator Fund now supports five more projects. There are currently 11 projects building on BNB Smart Chain that are supported by the fund. We’re still accepting fund applications for both existing and new projects. See below for our latest BSC landscape.

Binance Exchange Updates

3. Combining Gaming and Blockchain: Gaming Pet Universe Axie Infinity Joins Binance Launchpad. We are excited to announce that Binance Launchpad will support Axie Infinity. In this Pokémon-inspired digital pet universe, anyone can earn tokens through skilled gameplay and contributions to the ecosystem.

The $2.97M USD token sale on Binance Launchpad will follow a lottery-format ticket claim and start on October 27, 2020, at 06:00 am UTC (+0).

4. NEW LISTINGS:

- Oct. 29: Binance Adds ETH/BRL & DOT/EUR Trading Pairs

- Oct. 29: Cross Margin Trading for NEAR Enabled on Binance

- Oct. 29: Binance Will List Bounce (BOT) in the Innovation Zone

- Oct. 27: Binance Will Delist MCO (MCO) on 2020/11/02

- Oct.27: Binance Will List BCHUP & BCHDOWN Binance Leveraged Tokens

5. Starting on October 26, you can earn up to 156% APY on FIL with Binance Savings.

6. We resumed ETC deposits and withdrawals on October 29.

7. Earn Up to 18% APY on DIA with Binance Savings

9. Stake your crypto holdings on Binance Staking and gain up to 25.49% APY 10. Binance Pool Launched 14th Phase of Dual Savings Products on October 28.

11. Binance Loans Adds LINK, XTZ and Removes USDT as Collateral Options

12. Binance Will Support the Aragon (ANT) Smart Contract Swap & Upgrade 

13. Binance Extends Zero Maker Fee for ALL EUR trading pairs until December 31, 2020.

14. Binance Extends Zero Fee Promotion for P2P Trading to June 30, 2020.

15. Binance Liquid Swap Added EUR Support and Opened EUR/BUSD Liquidity Pool on October 30.

Binance Futures and Margin Updates

16. Binance Futures Now Available on Desktop App. Users can now directly login to their Binance account on our Desktop App (Windows, Linux & Mac) and begin trading futures. Click here to download the app.

17. Binance Futures Adds FIL to Asset Conversion Function. Convert assets held in the Coin-Margined Futures wallet conveniently and quickly, without needing to take tokens out of their Futures wallet.

18.  Binance Futures Battle Competition: 2.5 BTC to be Won!

19. Coin-margined Futures Newcomers Promotion - Deposit BTC, Trade, and Win Up To $100 in BNB Each. Starting on October 29, users who make BTC deposits and trade Binance coin-margined Futures for the first time will automatically enter the Lucky Draw prize pool for $10,000 USD in BNB tokens.

20. New BUSD Trading Pairs Enabled on Binance Isolated Margin. Boost your margin trading with more than 25 new trading pairs, including SUSHI/BUSD, BAT/BUSD, and EOS/BUSD.

Binance Ecosystem Updates

21. Binance Charity Launches NFT For Good Program Using BSC Technology. The philanthropic arm of Binance is working with Bounce and MathWallet to launch a volunteer NFT incentive program built on the Binance Smart Chain. The first implementation will be to promote sex education in China, with more campaigns to follow.

22. Your Binance Card Just Got Better. We are continuously improving the Binance Visa Card by adding more features and functionalities. 

23. Binance Academy’s newest articles:

- 6 BNB Smart Chain (BSC) Metrics You Should Know. Did you know that the average gas price on BSC is just $0.01? Learn how to track the top BEP-20 tokens and yield farms and much more about BSC.

- An Introduction to Binance Bridge

- How to Calculate Return on Investment (ROI)

24. Binance Research’s newest reports on Bounce (BOT)

Binance Fiat/Stablecoin/BNB Updates

25. Learn how to buy Bitcoin with South Africa’s FNB E-wallet on Binance P2P. You can add your FNB e-wallet on Binance as a payment method and send money to your friends or family in South Africa with zero transaction fees.

26. Halloween Special: Buy Crypto with Zero Fees Using Visa Card. To celebrate Halloween, users worldwide will now enjoy ZERO fees when buying crypto with a Visa Credit/Debit Card in any currency!

From the Binance Team

27. Join the Binance Summit: Blockchain Applied on November 10. Join us in delving deeper into the world of blockchain applications and gain a wider lens on the ever-evolving use of blockchain in multiple industries. 

28. CZ: Why the Days of Centralized Exchanges Are Numbered. Read CZ’s latest article on CoinDesk, where he shares his thoughts on how DeFi can both challenge and complement centralized exchanges.

29. Why Do Altcoins Fall When Bitcoin Sets New Highs? Learn why the altcoins don’t follow Bitcoin’s bull run and improve your trading knowledge.

30. How to Set Up and Use Trust Wallet for BNB Smart Chain. Get to know how to use your Trust Wallet to access BNB Smart Chain.

Promos and Community

31. NEW: Win Limited-Edition Animated Halloween Binance NFTs! To celebrate Halloween this year, we’re bringing you animated NFTs issued on BNB Smart Chain (BSC)! This competition will run between October 30 and November 9.

32. NEW: Show your pumpkin carving skills and win! Learn more on Binance Twitter.

33. NEW: 7 Days of Crypto Giveaways to All Africans. From October 30 to November 5, we will run a crypto giveaway campaign to all Binancians across Africa.

34. NEW: P2P in Kenya: Trade and Earn up to 5,500 KES!

35. NEW: Thailand Promo: Trade Anywhere with the Binance App Challenge. $500 in USDT to be Won!

36. ONGOING: $20,000 Avalanche (AVAX) Giveaway: Binance Learn & Earn

37. ONGOING:  17,000 ZAR P2P Video Tutorial Promo. The competition ends on November 4.

38. ONGOING: The Return of SEA Olympics: The SEA Trading Competition. Register today for a chance to represent your country.

39. ONGOING: AERGO Trading Competition - $60,000 in AERGO to be Won!

40. ONGOING: WazirX (WRX) Trading Competition - $50,000 to be Won!

41. COMPLETED: Week 10 of the 12-week SXP token airdrop to BNB holders on Binance.

42. COMPLETED: Chromia (CHR) Trading Competition concluded on October 27.

That’s a wrap for the past week. Follow us on Twitter, Instagram, Facebook, and YouTube, and join our official Binance Telegram group to talk more with our community.