Binance was just hacked last night, and deposits and withdrawals are still suspended, yet today it announced it would list PREDICT at 6 p.m. This is some serious nerve.
PREDICT is a prediction market on the BNB Chain, where you bet on the outcomes of various events. Binance listing it at a time like this sends a pretty clear message: it doesn't want business on its own chain to stop for even a day.
The market seems to have got the message too. BNB was hammered down to 695 this morning, its lowest in a month, but bounced back to 715u within a few hours. More than half of the stolen funds have been frozen, and the company has said it will cover all the losses. People were worried Binance would be badly hurt, but it doesn't look that way now.
I think this incident is still weighing on BNB in the short term, but the worst is behind us. Around 700 was where buyers stepped in this morning. If it retests that level and holds, you could consider getting in; it won't look like it did before the hack again until it gets back above 740. #币安将上线PREDICT现货交易 $BNB
PREDICT is a prediction market on the BNB Chain, where you bet on the outcomes of various events. Binance listing it at a time like this sends a pretty clear message: it doesn't want business on its own chain to stop for even a day.
The market seems to have got the message too. BNB was hammered down to 695 this morning, its lowest in a month, but bounced back to 715u within a few hours. More than half of the stolen funds have been frozen, and the company has said it will cover all the losses. People were worried Binance would be badly hurt, but it doesn't look that way now.
I think this incident is still weighing on BNB in the short term, but the worst is behind us. Around 700 was where buyers stepped in this morning. If it retests that level and holds, you could consider getting in; it won't look like it did before the hack again until it gets back above 740. #币安将上线PREDICT现货交易 $BNB
