Binance Launches Word of the Day Game with Exciting Rewards

Binance is excited to launch its new Word of the Day (WOTD) game, offering users a chance to win a share of 500,000 Binance Points. Participants can redeem these points for up to a 10 USDT token voucher and up to a 50 USDT trading fee rebate voucher at the Rewards Hub.
This week’s theme is Web3 Gaming. Users can test their knowledge, explore selected articles, and compete for rewards from April 15 to April 21, 2024 (UTC).
Here's how it works:

- Eligible users can play up to two WOTD games per day.
- Get five correct answers during the week to share the prize pool.
- Unlock the second game by sharing an article on social media.
- New users signing up with the “WOTD2024” referral code get a 10% spot trading fee discount and may receive additional welcome rewards.

Join the fun and learn while you play with Binance’s WOTD game!
try it here

Trader Loses $1 Million due to Yesterday's Market Crash But Receives $1,79,574 From His Followers

In the recent crypto market downturn, prices plummeted by 20% to 50%, causing significant losses for many long traders who were quickly liquidated. One trader experienced a loss of $1,148,487 but was able to recover 10% of that, totaling $1,79,574. How did this happen? Let's explore the steps he took based on his strategy analysis.

Yesterday, this trader faced a $1 million loss due to leveraging between 5X and 10X on $PEPE & $BTC. The subsequent 10% to 30% drop in asset prices led to complete loss because of the leverage.

Today, after the loss, the trader, a crypto influencer with 31.5k followers, shared his story with his audience, revealing his millionaire status before the loss and his current financial struggles. Despite the setback, he received support from some followers, collecting $100,000 and totaling $1,79,574.

The recent crypto market downturn has shown the volatility and risks involved, impacting traders, influencers, and even experienced investors with substantial losses. Recovery after such setbacks remains a challenging journey.

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