Crypto_expert427

We are excited to announce an exclusive campaign sponsored by @Kaia Chain . Kaia is the EVM Layer1 public blockchain integrated with Asia’s largest messengers. Through the Kaia Wave builder support program, Mini Dapps will be able to instantly reach over 200M+ users on LINE messenger.
🗓 Duration: December 16, 2024 (00:00 UTC) – December 23, 2024 (23:59 UTC)
🎁 Rewards: $10,000 in KAIA prize pool for the top 50 posts!
How to Participate:
Follow @Kaia Chain on Binance Square.Create and post original content on Binance Square with #RideTheKaiaWave . Share your ideas for Mini Dapps you’d love to see on the LINE messenger. Your post must be at least 300 characters long.Share your post on X and tag @Kaia Chain with the hashtag #RideTheKaiaWave. Encourage your followers to engage with your post to increase its visibility and interactions.

Your Post Must Answer at Least One of These Questions:
What innovative consumer-facing Mini Dapps ideas you’d like to see on LINE?What unique experiences could Mini Dapps offer in the lives of users on LINE?How can Mini Dapps bring creators and developers communities closer together?

Winner Selection:
The top 50 posts based on unique engagement (likes, comments, shares) and minimum impressions per rank will share $10,000 worth of $KAIA:
Top 1-10 posts: $400 worth of $KAIA each (Minimum 5,000 impressions required)Top 11-25 posts: $200 worth of $KAIA each (Minimum 3,000 impressions required)Top 26-50 posts: $120 worth of $KAIA each (Minimum 1,000 impressions required)
Guidelines:
Posts must be submitted by December 23, 2024 (23:59 UTC) to qualify.Content must be original, at least 300 characters, and relevant to Kaia and campaign task.Misusing hashtags, using misleading headlines and leads, or posting irrelevant content will lead to disqualification.Multiple high-quality entries are encouraged for higher chances of winning.Users must have posted at least one piece of content in the last 30 days to participate.Posts must receive at least 5 total engagements (likes, comments, or shares) to qualify for the reward ranking.Posts must meet both engagement and impressions requirements to qualify for the reward ranking.Engagement metrics (likes, comments, shares) combined with impressions will determine ranking.

About KAIA:
Kaia is a high performance public blockchain that brings Web3 to the fingertips of hundreds of millions across Asia. Formed through the merger of the Klaytn and Finschia blockchains that were initially developed by Kakao and LINE respectively, Kaia is Asia’s largest Web3 ecosystem integrated with the Kakaotalk and LINE messengers that have a combined user base of over 250 million - all of whom can experience Web3 with the ease and speed of Web2 within their favourite messenger superapp to connect, create, collaborate, and contribute to the ecosystem.
For more information, visit:
Website: kaia.ioX: https://x.com/KaiaChain Discord: https://discord.com/KaiaChain Telegram: https://t.me/KaiaChain_EN Facebook: https://www.facebook.com/KaiaChain Medium: https://medium.com/KaiaChain Reddit: https://www.reddit.com/r/KaiaChain/ 

Terms and Conditions:
This campaign may not be available in your region.Only content tagged with #RideTheKaiaWave during the event (including posts and articles) will qualify.Content relevance must be 70% or higher. Misusing tags or posting irrelevant content will lead to disqualification.Users must have posted at least one piece of content in the last 30 days to participate.Only new, original content is eligible. Previously submitted work is not eligible.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 300 characters will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.The content needs to be posted in Binance Square organically to qualify for the reward.In order to be eligible for a reward, your account must be completely configured, which includes a properly set up username and a profile picture. Winners of the week will be notified via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.Rewards in the form of token vouchers will be distributed within 30 working days after the activity ends. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.

The cryptocurrency market is experiencing a sell-off, with a staggering $787 million wiped out in crypto liquidations across various digital assets. Among the hardest hit was Dogecoin (DOGE), which saw a loss of $29 million in crypto liquidations, according to CoinGlass data.

The downturn comes as Bitcoin and other major cryptocurrencies saw significant losses; macroeconomic concerns and profit-taking by traders might have contributed to the bearish sentiment.

Cryptocurrencies sank as the Federal Reserve’s cautious outlook for interest-rate cuts hurt speculative investments.

Bitcoin dipped as low as $98,698 at one point on Thursday; the majority of cryptocurrencies, including Dogecoin, also struggled.

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Dogecoin's price is currently down 6.05% in the last 24 hours, trading at $0.365 after reaching lows of $0.34. According to CoinGlass, this resulted in $24.59 million in bullish bets liquidated in the last 24 hours, while shorts were liquidated for $5.93 million.

Crypto market sell-off

The crypto market faced selling pressure as Fed’s signal of fewer rate cuts sent a shudder across markets. Lower rates usually increase demand for most risky assets, including cryptocurrencies.

The Federal Reserve lowered its key interest rate by a quarter percentage point on Wednesday, the third in a row, but warned against more cuts in the coming years.

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In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target range of 4.25%-4.5%, back to the level where it was in December 2022 when rates were on the move up.

In delivering the 25-basis-point cut, the Fed signaled that it will most likely lower twice more in 2025. Fed Chair Jerome Powell stated at a post-meeting news conference that more progress is needed on inflation before further loosening monetary policy.

The market decline led to $787 million in liquidations; $661 million in bullish bets were liquidated, while shorts liquidations accounted for $125 million.