Long

Binance Coin (BNB)

Updated

The world's largest crypto exchange by volume, Binance continues its push into the embattled crypto mining industry with a plan to begin offering a crypto cloud mining product next month. crypto miners have had a tough year, with the price of bitcoin having hung around $20,000 for months, a far cry from its peak above $68,000 in November 2021. Other cryptos have faced similar or even worse declines. One of the largest mining-related firms in the U.S. filed for Chapter 11 bankruptcy in late September. Other companies, however, are seeing opportunity from this crisis, with CleanSpark going on a buying spree of mining rigs and data centers, and DeFi platform Maple Finance starting a $300 million lending pool

Binance Pool announced its own $500 million lending fund for bitcoin miners last week and said it would enter cloud mining, a service that allows investors – who otherwise might not be able to buy and operate their own equipment – to rent crypto mining machines. The official launch of the cloud mining service will come in November.

BNB can back to 300 in a short time but 195 is a good price for entry and long term investment

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National Bank of Kazakhstan will integrate their CBDC on BNB Chain

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Binance Coin jumps to new BTC all time high

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355,360 and 369 are next targets

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Since the start of November, Binance has gained 7% in market share of FTX BTC perpetual volumes, rising from 56% to 63%, winning the vast majority of volume left behind by FTX. Bybit has won the other 3% of volume left behind by FTX

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Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the Binance. The investigation began in 2018 and is focused on Binance's compliance with U.S. anti-money laundering laws and sanctions. The charges are unlicensed money transmission, money laundering conspiracy and criminal sanctions violations. No final decisions have been made, the DOJ could bring indictments against Binance and its executives, negotiate a settlement, or close the case without taking any action

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short time

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Tether has coordinated with Binance to convert 3 billion USDT from TRC20 to ERC20 in response to increased withdrawal. After Binance reported by Reuters yesterday, there was an increasing demand for withdrawals. Official said that there is no problem with USDT BUSD withdrawals

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OKX will list BNB (BNB) for spot trading
Spot trading open at 3:00 UTC on Dec. 21

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The 22nd quarterly BNB token burn of 2,064,494.32 BNB has been completed, about $617 million. The latest quarterly burn includes 7,181.03 BNB that was effectively burned via the Pioneer Burn Program.

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Binance mistakenly stored some of its Binance-peg Token in the same wallet “Binance 8” as customer funds. Binance said that it is aware of this mistake and is in the process of transferring these assets to collateral wallets! funds are safu!! -cz

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bnb 1h tf, breaking 315 was great moment for scalp. I closed my long at 320 but degen bulls hit even 322

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4h tf holds the uptrend

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more than half a billion dollar BNB burnt

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Trade active

you know how long we wait to get here
so sometimes you need to be patient

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BNB is at an ATH, and only today have BNB-related plays gained significant attention.

Until recently, BNB dapps' mindshare was near bottom, so BNB-Beta could also be starting a price discovery run.

BNB-Beta watchlist👇

• CRYPTOCAP:FLOKI : The top memecoin on BNB
• : First real meme casino during the last bull market
• : Binance Launchpool AI
• : Domain service of BNB

• : BNB Chain wallet backed by Binance
• XVS : No.1 BNB Lending protocol
• : One of the lowest mcap BNB eco coins
• : Early-stage BNB memecoin (High Risk)

Additionally, I'm personally watching LISTA, which is set to be listed through the Binance Mega Drop on June 20th. I expect it to be one of the biggest beneficiaries of the BNB price rally.

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among the 43 exchanges surveyed in Q2 2024, Binance still leads in liquidity, Bybit ranks second, Coinbase ranks third, and UpBit and HTX rank fourth. The criteria include: Trading Volume, Volume Contribution, +/-1 Market Depth, Cofficient of Variation (CV) Dispersion Score, Market Quality Score.

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Few are discussing the single most bullish catalyst

Everyone talking about Gox will run out of coins
FTX payouts will start
The election

But in 2 months, CZ is released and can get back into crime full time

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the whale capybara_bnb: 0xda…64fe withdrew 397,612.5 BNB from BNB Chain Staking, and then transferred 602,200 BNB (worth about $338 million) to Binance Deposit at 17:53 UTC+8 today. Currently, capybara_bnb address only has 57.6 BNB left in the wallet

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The BNB Foundation has officially announced the completion of the 28th quarterly BNB token burn by BNB Chain. Total BNB burned is 1,643,698.8 BNB, worth ~971M. The burn amount is adjusted based on BNB's price and the number of blocks generated on BSC during a quarter.

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Unless CZ’s situation changes, he won’t be leaving FCI Lompoc II on August 30. Rather, his current release date is scheduled for September 29. CZ is in Federal Correctional Institution Lompoc II, a low-security federal prison three hours north of Los Angeles.

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Binance released the 21st proof of reserves (snapshot date August 1). User BTC assets are 613,471, up 1.29% from July 1, an increase of 7,834 BTC. User ETH assets are 4.701 million, down 0.21%. User USDT assets are 21.19 billion, down 1.52%. Binance has a net inflow of US$3.27 billion in the past month

Trade active

BNB Chain mentioned Restaking coming soon

Trade active

Binance founder CZ will step out from prison today

Trade active

Binance's cumulative spot and derivatives trading volume has exceeded 100 trillion US dollars, OKX ranks second with 24.9 trillion US dollars, followed by Bybit and Bitget, ranking third and fourth, with 13.2 trillion and 10.9 trillion respectively. HTX ranks fifth with 10.2 trillion

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