According to CoinMarketCap, the total valuation of the crypto world is $3.25 trillion, which is 1.48% lower than the last day. Bitcoin (BTC) is trading in the range of $103,000 – $106,000, currently around $104,900 (down 1.4%). Altcoins are rising: ALT, IO, and HAEDAL increased by 16%, 8%, and 7% respectively.
⚙️ Binance updates and activities
Binance Futures launches MYXUSDT and FUSDT contracts with up to 50× leverage — starting June 18, settled in USDT.
Velo (VELO) trading campaign: prize pool of $1 million, prize – 6,100 VELO for each of the top 12,500 traders. Runs until June 30 via Binance Wallet or Alpha.
The second round of the Solayer (LAYER) airdrop for BNB HODL holders, distributing 6 million tokens.
🗺️ Global trends
Binance opens access to Syria after the lifting of US sanctions. Now Ukrainians and Syrians can trade more than 300+ tokens using the Syrian pound.
The market is in a correction phase: overall losses are caused by geopolitical tensions, BTC is down by a few percent.
Liquidation of $236 million observed in the last 24 hours, indicating active investor exit.
🔎 What this means for users
The decline of BTC creates entry opportunities. If you are working with BTC deposits or trading contracts, now may be the right time.
New opportunity – VELO Competition. This is a chance to earn VELO under preferential conditions — if you are an active trader, it’s worth joining.
Attention to new futures — MYXUSDT and FUSDT with 50× leverage open a new instrument for derivative trading.
Market expansion — Binance's launch in Syria +300 tokens means the next step in the global development of the platform.
✅ Recommendations
Monitor BTC at support levels ($103,000 – $104,000) — this could be an entry point.
Join the VELO campaign through Binance Wallet — check if you meet the participation criteria.
Watch for MYXUSDT/FUSDT futures — starting June 18, there may be large volume.
Keep an eye on geopolitics — news from Syria may affect the global market.
