Dear Binancers, Thank you for your continued support, and we are pleased to recommend our new feature "Audio Live" , and prepared a special campaign"Streamer Contest" for you. Are you the Streamer we are looking for? Now is the time! Start a hearty Audio Live broadcast now, interact with Web3 friends together, and have a chance to win Exclusive Binance Swag!
Reference direction of the launch theme: "Industry trends and experiences of making profits, projects you are optimistic about, discussing the joy of memes, BNB's staking mechanism, the NFT Renaissance," and so on. Please feel free to chat about anything related to Web3.
Rewards: First Prize 🥇*3: Total Online Views> 8,000 : Binance Camping Exclusive Swag Second Prize 🥇*5: Total Online Views> 6,000 : Binance 7th Anniversary Exclusive Swag Third Prize 🥇*8: Total Online Views> 3,000 : Binance Travel Tote Exclusive Swag
Event Period: August 6, 2024, 00:00—September 6, 2024, 00:00 (UTC)
Here's a diagram of how the feature works:
Please read the Terms & Conditions carefully: 1. Only creators over 1,000 followers can initiate Audio Live broadcast, but all users can join as speakers. 2.This campaign may not be available in your region.
3. Audio Live initiated during the event period are eligible for eligible campaign content. 4. According to the total online number of views, the winners will be selected and ranked in descending order, and rewards will be distributed within 30 working days after the end of the event. 5. Any abuse of the Audio Live function and the opening of Audio Live that is not related to the industry will result in exclusion from the event. 6. You can start a number of high-quality live broadcasts on different topics to increase your probability of winning. 7. All eligible users will receive a message notification from the Assistant Notification, distribute the Swag to you separately within 30 working days. 8. Binance reserves the right to disqualify any account that violates Binance Square's Community Guidelines or Terms and Conditions. 9. Binance reserves the right to modify or change these terms and conditions at any time at its sole discretion without prior notice, including, but not limited to, canceling, extending, terminating, or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any action to be taken, and all participants shall be bound by these amendments. Binance reserves the right of final interpretation of this event.
Post about #MarketDownturn to win up to 1000 USDC!
Participate in our #MarketDownturn campaign for a chance to win up to 1000 USDC! Share your thoughts on the crypto market drop, its causes, and your strategies for making the most out of it. Let's stay strong and navigate this market together! Campaign Period: 2024-08-05 00:00 to 2024-08-11 23:59 (UTC)
To Participate: Post your insights on the crypto market drop using the hashtag #MarketDownturn on Binance Square. Include: Analysis of what's causing the market drop;Your strategies for capitalizing on the downturn;Tips for staying strong and resilient during market fluctuations. Make sure your post has a minimum length of 200 characters.
Guidelines: Make certain your shared content is original and filled with insightful information. Posts with high engagement lacking original content may be disqualified.
Winner Selection: Twenty posts generating the most unique engagement will each be rewarded with 50 USDC.
Terms and Conditions: This campaign may not be available in your region.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 200 characters will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.Should a creator be declared a winner and be rewarded in any campaign, but subsequent findings reveal a violation of the campaign's rules on their part, their eligibility for future rewards will be suspended. The suspension period will commence from the end date of the campaign where the violation occurred and will last for 30 days.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 within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.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.
Geopolitical tensions and economic data fuel crypto volatility, Bitcoin now 58% of market cap.
Bitcoin dominance, the ratio of Bitcoin’s market capitalization to the entire crypto market, has set a new year-to-date high of 58%. It rose to a high of 58.1% in the early hours of August 5 after a sharp sell-off that saw Ether tumble by 18% within two hours and BTC fall by 10% in the same time frame. This was triggered by a massive selloff in altcoins and global stock markets, which crumbled.
https://twitter.com/_TOBTC/status/1820336240946004335 Bitcoin Drop Impact on Altcoins
As Bitcoin's value rises, price variations affect the rest of the cryptocurrency business. A prolonged drop in Bitcoin's price may increase selling pressure on several cryptocurrencies.
According to CoinGecko data, the price of Ether has fallen 30% in the last seven days, while prominent altcoins such as Solana have fallen 35%, 25%, and 21%, respectively.
Analysts speculate that the sell-off in altcoins and subsequent gain in Bitcoin's market share may reflect a flight to quality or a move to more cautious investing tactics among crypto investors during periods of economic uncertainty and geopolitical turmoil.
Factors behind Bitcoin and altcoin fall
Hostilities between Israel and Hezbollah have been ratcheting up, with increased military posturing in the area by the U.S. putting things, particularly on edge, which now brings a further squeeze on markets that have recorded losses across asset classes.
Concurrently, Trading activity has hugely driven the latest market dynamics. More specifically, Jump Crypto, the cryptocurrency trading division of Jump Trading, caused Ether to lose 20% of its value. On Sunday, Jump Crypto sold off large amounts of its holdings in Ether, moving millions worth of the asset to hot wallets on various exchanges, such as Coinbase, Binance, OKX, and Bybit. All these fueled massive selloffs, and the digital token, Ethereum lost all its annual gains and now trades at about $2,351.
Another major economic data print is the ISM Manufacturing Purchasing Managers Index report, which clarifies economic trends and investor sentiment. Whether these indicate expansion or contraction could further affect the dynamics in the markets by either stabilizing the current uncertainty or adding to the volatility of the markets.
According to the latest data, despite this drop, Bitcoin currently accounts for 58% of the crypto space's market capitalization.
Read also
XRP Dominates Altcoin Trading Despite Heavy Sell-Offs
Bitcoin Dominance Hits 2-Year High as Altcoins Experience Steep Declines
Crypto Resilience Amidst Major Sell-Offs
Market Jitters as Solana Drops 6% Amid Fears of FTX Sell-off
Grayscale's BTC Sell-Off: Why and What's Next?
The post Bitcoin Dominance Hits 58% Yearly High Amid Altcoin Sell-Off appeared first on Crypto News Land.
Why Bitcoin’s Latest Crash Is a Historic Buying Opportunity: Bitwise
Bitwise CIO Matt Hougan said Monday that he views the weekend’s violent selloff in crypto/equities as a Bitcoin buying opportunity.
In a Twitter thread Monday, the executive likened the market crash to March 12, 2020 – a day of “chaos” that pre-empted historic new highs for crypto over the following months.
Bitcoin Buying Opportunity, Says Bitwise
As noted by Hougan, the NIKKEI – Japan’s stock market index – experienced its worst day since 1987 on Monday, dropping 12% on the day. The carnage spread to U.S. markets as well, with the NASDAQ100 dropping 2.9%, and Bitcoin falling a whopping 18.6% on the week.
Similarly, in March 2020, the Dow Jones Industrial Average had its worst sell-off since 1987, and Bitcoin fell 37% from $7,911 to $4,971. However, Bitcoin soared over the following month, and eventually reached a peak of $64,000 within a year as central banks responded with lower interest rates and quantitative easing.
“Nothing fundamental changed about bitcoin because of Covid,” Hougan explained. “At the same time, Covid supercharged the reasons for bitcoin’s long-term rise. It showed us that central banks would bail out the economy at the first sign of trouble.”
The executive sees a similar setup for Bitcoin today. Bad macroeconomic news from Japan met with news of Jump trading liquidating hundreds of millions of dollars in crypto to send Bitcoin’s price spiraling to its lowest level since February.
The events have market pricing in a near-guaranteed interest rate cut of 0.5% from the Federal Reserve in September. It even has some, including Wharton finance professor emeritus Jeremy Siegel, expecting an “emergency meeting” from the Fed before that time.
“Maybe this time really is different, but I wouldn’t bet on it. In fact, I’m betting the other way,” Hougan said.
Raoul Pal: Just A Macro Spasm
Real Vision CEO Raoul Pal expressed similar views, calling the latest market pullback a “macro spasm” that will likely only last a “few weeks.” When the Federal Reserve reacts by lowering interest rates, he expects them to drop to 2.5%.
“The probabilistic outcome is that this is just a nasty flush out,” wrote Pal to Twitter on Monday. “It is too early to know but I for one am looking to add to my crypto and tech over the next week or so.”
“To me, this is the last time to get in or fully positioned,” he concluded.
The post Why Bitcoin’s Latest Crash Is A Historic Buying Opportunity: Bitwise appeared first on CryptoPotato.
Bitcoin decline is similar to the start of the 2016 bull run: Peter Brandt
Bitcoin’s decline since the April 2024 halving is starting to look similar to market movements ahead of the 2016 bull run, according to veteran trader Peter Brandt.
In a post on X on Aug. 5, the analyst said that the “BTC decline since halving is now similar to that of the 2015-2017 halving bull market cycle.”
Brandt compared the depth of the market corrections since the halving dates noting they were very similar.
In 2016, the Bitcoin (BTC) halving was on July 9 and the asset price on that day was $650. The markets retreated during that cycle to a subsequent low of $474 in a 27% post-halving decline within a month before rocketing to a cycle high of $20,000 in December 2017.
Similarly, the recent Bitcoin slump below $50,000 now represents a 26% decline from the post-halving price of $64,962.
Source: Peter Brandt
However, some analysts warn Bitcoin could drop lower.
On Aug. 5, BTC prices dumped double figures in a fall to $49,221, according to CoinGecko.
It has lost 20% since tapping $70,000 in late July but has already shown signs of recovery reclaiming $56,000 during early trading in Asia on Aug. 6.
On Aug. 5, ITC Crypto founder Benjamin Cowen said in a post on X that the pattern had mirrored that of 2019 when markets surged for the first half of the year, then dumped in a massive correction for the second half.
Source: Benjamin Cowen
Related: $500B plunge: Largest 3-day wipeout for crypto in a year
Tim Kravchunovsky, founder and CEO of the decentralized telecommunications network Chirp, commented in a note to Cointelegraph that we could see crypto assets recover much more quickly than other risk assets as we did in 2020.
The massive selloff was not a crypto-specific issue as “macroeconomic factors are in the driving seat,” he said.
“Over the coming hours and days, we may well see a decoupling of crypto from traditional stocks, similar to what we saw in 2020.”
"Back then, crypto staged a much faster and more pronounced recovery from the pandemic-driven collapse than traditional stock markets, and we may well see something similar this time,” he added.
Magazine: Hodler's Digest Criminal at Bitcoin 2024, BTC Strategic Reserve Bill, and more: Hodler’s Digest, July 28 – Aug. 3
Solana Labs Inaugura Bond: Innovación para las Marcas
Solana Labs, reconocido pionero en el ámbito de las criptomonedas, ha lanzado una plataforma revolucionaria llamada Bond, diseñada para permitir a las marcas no relacionadas con el espacio cripto aprovechar las ventajas de la tecnología blockchain. Este lanzamiento promete transformar la forma en que las empresas interactúan con sus clientes, proporcionando una herramienta potente y accesible que facilita la adopción de la blockchain sin necesidad de conocimientos técnicos avanzados. Bond está destinada a convertirse en un puente entre el mundo convencional y el innovador universo cripto.
Bond ofrece a las marcas una manera efectiva de integrarse en el ecosistema blockchain, permitiéndoles mejorar la interacción con sus clientes a través de soluciones innovadoras. Utilizando la infraestructura avanzada de Solana, conocida por su velocidad y eficiencia, Bond proporciona una plataforma robusta para que las empresas optimicen sus estrategias de fidelización y participación del cliente. Esta integración facilita la creación de experiencias más seguras, transparentes y atractivas para los consumidores.
Para las marcas que buscan modernizarse y adoptar nuevas tecnologías, Bond representa una oportunidad inigualable. La plataforma permite la creación de programas de lealtad basados en blockchain, gestión de identidades digitales y transacciones más seguras, entre otras funcionalidades. Esto no solo mejora la experiencia del cliente, sino que también brinda a las empresas una ventaja competitiva significativa en el mercado. Con Bond, Solana Labs demuestra su compromiso con la democratización de la tecnología blockchain.
Uno de los principales atractivos de Bond es su capacidad para simplificar la complejidad inherente a la tecnología blockchain. Las marcas pueden implementar soluciones avanzadas sin necesidad de contratar equipos técnicos especializados, lo que reduce costos y barreras de entrada. Esta accesibilidad es clave para atraer a empresas de todos los tamaños, permitiéndoles innovar y mantenerse relevantes en un entorno digital en constante evolución. Bond se posiciona como una herramienta esencial para cualquier marca que desee integrarse al mundo cripto de manera eficiente y efectiva.
El lanzamiento de Bond por parte de Solana Labs marca el inicio de una nueva era en la relación entre marcas y clientes. Al incorporar la tecnología blockchain, las empresas pueden ofrecer a sus clientes niveles sin precedentes de transparencia y seguridad. Esta plataforma no solo refuerza la confianza del consumidor, sino que también abre un abanico de posibilidades para la creación de valor y la fidelización. Solana Labs, con Bond, está allanando el camino hacia un futuro donde la tecnología blockchain se convierte en un estándar en la gestión de relaciones con el cliente.
BINANCE SQUARE Descargo de responsabilidad: La información presentada no constituye asesoramiento financiero, de inversión, comercial u otro tipo y es únicamente la opinión del escritor, Las imágenes son solo con fines ilustrativos y no deben usarse para la toma de decisiones importantes. Al usar este sitio, acepta que no somos responsables de pérdidas, daños o lesiones derivadas del uso o interpretación de la información o imágenes.
Post your #BinanceTournament Journey on Binance Square and Compete for 5,000 USDT!
Join the Futures Grand Tournament to compete for a 3 Million USDT prize pool. By sharing your tournament experience on Binance Square, you stand a chance to win a share of an EXCLUSIVE 5,000 USDT prize pool. Activity Period: 2024-6-13 00:00 to 2024-7-14 23:59 (UTC)
How to Win? Craft an original content related to #BinanceTournament on Binance Square and include "#BinanceTournament " in your content.Ensure your content has at least 200 characters and a minimum of three interactions (such as emojis, comments, shares, or quotes). Consider the following topics: How to join the #BinanceTournament tutorialsYour tournament experiences or insights Relevant industry news or event updatesMarket and trading analysis or tips Increase your chances of winning by sharing your post for more interactions with your peers and the Binance Square community.
Promotion A: Community Engagement Pool (3,000 USDT in token voucher) All users who create an eligible content piece during the Activity Period will qualify for an equal share of the 3,000 USDT rewards pool. Promotion B: Top Contents Pool (2,000 USDT in token voucher) The top 10 eligible content pieces with the most interactions (i.e., the total number of emojis, comments, shares or quotes) will be rewarded as follows:
Terms & Conditions This activity may not be available in your region. Only tournament-related content (i.e., short post, article, or poll) that includes #BinanceTournament , garners at least three interactions (i.e., the total number of emojis, comments, shares or quotes), and contains more than 200 characters, will be considered eligible. Any instances of hashtag abuse will result in exclusion from the campaign.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Posts that attempt to boost engagement by Red Packets and giveaways will be disqualified.Only original, new content qualifies. Previous submissions are ineligible.You can create multiple content and potentially win in both promotions. However, each user is only entitled to 1 reward in promotion B. Winners will be notified via a push notification under Creator Center > Square Assistant within 15 working days after the activity end. The USDT token voucher rewards will be distributed within 15 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.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.This Campaign and the Futures Grand Tournament is only available to users who are eligible for Binance Futures trading and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements.
Prijavite se, če želite raziskati več vsebin
Raziščite najnovejše novice o kriptovalutah
⚡️ Sodelujte v najnovejših razpravah o kriptovalutah