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JPMorgan enters a new phase of tokenized financing on Ethereum
JPMorgan Chase announced that starting Tuesday, it will begin offering a tokenized money market fund based on the Ethereum network under the name MONY, intended for qualified investors only. The bank will initially fund the fund with $100 million of its own capital, in a move that reflects the growing confidence of traditional institutions in blockchain technologies and tokenized assets.
This step represents an important development in linking traditional financing (TradFi) to the world of web3, as tokenization allows for greater efficiency in settlement, increased transparency, and the ability to operate around the clock compared to traditional markets.
The launch of MONY confirms that major institutions are no longer satisfied with experiments but have begun transitioning to actual and widespread use of blockchain technology, with Ethereum at the heart of this transformation.
📉 #BitcoinUpdate : Large trades and market resilience under strong downward pressure!
According to monitoring sources on the Binance platform and trading volume tracking accounts: the market experienced a significant liquidation of BTC/USDT contracts when Bitcoin fell below the $86,000 level, with one of the largest liquidations being an order worth about $11.58 million on Binance Futures — it was automatically closed when the long position could not withstand the rapid drop in BTC price.
🔥 This type of large liquidation in a single trade typically indicates:
Strong downward pressure on the price with the entry of important support levels.
High liquidity compared to the average in Bitcoin contracts.
It often leads to a series of additional liquidations if other long positions are also at risk.
📉 Indeed, during the same drop, BTC fell below $86,000 in a movement that pressured other long positions, resulting in hundreds of millions in liquidation losses on derivative exchange platforms in recent trading sessions.
📊 From a technical perspective, this indicates increasing bearish momentum in the short-term market and may attract additional sell-offs if the price does not recover above higher support areas.
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The Bitcoin network experienced a sudden drop in hash rate of about 10% in a single day, after an estimated 400,000 mining machines went offline in the Xinjiang region of China, according to statements by Jianping Kong, former president of Canaan. This is the largest decline since the halving in April 2024.
This decline highlights several important points:
🔌 Sensitivity of mining to geographical and energy factors: Any local disruption (energy/regulation) can quickly reflect on the network.
🛡️ Resilience of the Bitcoin network: Despite the sharp decline, the difficulty adjustment mechanism works to rebalance in short periods.
📉 Potential short-term impact: Historically, such shocks are temporary and may create opportunities for more efficient miners.
Overall, the event serves as a reminder that the geographical decentralization of mining is still an evolving goal, and the network is capable of absorbing shocks without significant disruption.
Can stablecoins build a future separate from cryptocurrencies? This is what the CEO of Circle, the issuer of USDC, Haye Tarbert sees #العملات_المشفرة #العملات_المستقرة #البيتكوين #USDC $BTC $USDC
Keith Grossman, the president of MoonPay, believes that meme coins will not disappear, but will return in a different and more mature form. In his opinion, the real innovation of meme coins lies not in the jokes or the price noise, but in their ability to tokenize attention at a low cost, opening the door for everyone to participate in the attention economy without traditional intermediaries.
This model changes the game, as attention itself becomes a digital asset that can be traded and built communally, rather than being monopolized by centralized platforms or major advertising companies. As the infrastructure of Web3 evolves, we may see a new wave of meme coins linked to content, communities, and influencers, but with a more substantial utility value than mere speculation.
In short, the upcoming meme coins may be less noisy... and more impactful.
The decentralized finance (DeFi) sector is witnessing escalating controversy after Citadel's call for stricter regulation from the U.S. Securities and Exchange Commission (SEC) on DeFi brokers faced strong opposition from prominent industry players.
The Uniswap Foundation, Andreessen Horowitz (a16z), and the DeFi Education Fund have deemed Citadel's stance "fundamentally flawed," noting that DeFi does not operate under traditional broker models but relies on open and transparent protocols that function via smart contracts without a controlling central authority.
These entities emphasized that subjecting DeFi to the same regulatory frameworks as traditional markets could stifle innovation and push projects outside the United States, instead of enhancing user protection. They also stressed the importance of developing new regulatory frameworks that understand the nature of decentralization rather than trying to impose outdated rules upon it.
The controversy reflects a broader struggle between traditional finance and decentralized financial systems, with the growing impact of DeFi in global markets and regulatory bodies seeking to find a balance between innovation and oversight.
The Kingdom of Bhutan signed a Memorandum of Understanding (MoU) with Cumberland DRW in a move that reflects a strategic direction towards enhancing the management of sovereign bitcoin reserves, alongside exploring opportunities in stablecoins, bitcoin mining, and AI-related computing within the Gelephu Mindfulness City project.
This partnership indicates that Bhutan does not view digital assets merely as an investment, but as part of a sustainable future economic structure that combines financial innovation, energy, and advanced technologies, within a long-term vision.
Ripple expands testing of its stablecoin RLUSD on Ethereum networks
Ripple continues its serious steps in the world of stablecoins, having begun testing its RLUSD coin on Ethereum Layer 2 networks such as Optimism, Base, Ink, and Unichain. This step reflects Ripple's pursuit of benefiting from the scalability and low fees provided by Layer 2 solutions while maintaining the security of the Ethereum network.
The official launch of RLUSD on these networks is expected to occur during the coming year, following regulatory approval from the state of New York, which enhances the project's credibility and confirms Ripple's commitment to the legal framework.
This expansion could give RLUSD a strong presence in the DeFi ecosystem and support broader use cases such as cross-border payments and on-chain liquidity.
Bitcoin's price dropped today to below $85,000, amidst a sense of anticipation in the markets ahead of the important US inflation data due this week.
Analysts believe that the CPI (Consumer Price Index) and PCE (Personal Consumption Expenditures) reports could have a direct impact on market movements, not only for stocks but also for cryptocurrencies, as this data will determine the direction of monetary policy for the Federal Reserve for the remainder of December.
Any surprise in inflation figures could mean increased volatility, while figures that align with expectations could restore some stability to the market.
Focus on receiving BTC🧧🧧🧧🧧 Classic quotes from big names in the crypto world The best time to buy is when others are in panic; the best time to sell is when others are greedy. The first principle of investing is to not lose money; the second principle is to never forget the first one. It doesn't matter whether you're right or wrong; what matters is how much profit you made when you were right and how much you lost when you were wrong. Take risks, there's no blame, but remember never to put all your eggs in one basket. Anyone who claims they can always buy at the bottom and sell at the top is definitely lying. Those who live the longest, live the most carefree and earn the easiest. Unless you truly understand what you're doing, don't do anything. You should patiently wait for a good opportunity, take profits when you make money, and then wait for the next chance. So what if the market is volatile? Behind every crash lies a new opportunity. Go with the flow, a bull market rises, and a bear market takes a rest.
#Web3 Asset management security is very important! Why do people get stolen from every day? Especially newcomers! This world has never lacked thieves from ancient times to the present! In the world of blockchain, thieves are the easiest kind; every day they just need to check how much has been stolen from the wallet address. A couple of days ago, a friend was stolen from for several thousand dollars, and the feeling of being stolen is like saying "F***!" a thousand times, it hurts! It is indeed necessary to write a post; Old Mian will tell everyone what he knows! Let's block the financial path of these thieves as much as we can!
Today, I will share what to pay attention to when using third-party wallet software: 1. Do not share links or install from internet searches; links can easily redirect to fake software servers for download, and you end up installing fake software. Use sharing or transfer your phone to install on the newcomer's phone, not installing from the internet. 2. Immediately switch to flight mode after the download is complete, and install without internet; live without a network for the wallet address. 3. Check if the software version is correct; verify the parameters with the "update log" and check with experienced players. 4. For the first use, transfer about 100 U, and test for 30 minutes. 5. During use, do not add unknown tokens, especially since the authorization of contracts during transactions may have issues. 6. When pasting the transfer address, if a new address pops up on the page, do not click it; a popup indicates that the phone is infected. 7. Regularly check address authorizations; if there are high-risk authorizations displayed, promptly cancel them, and remove all unnecessary authorizations. Thieves are always changing their tricks, so it’s always right to stay cautious! I hope to spread knowledge with you; are you willing? Follow Old Mian! Avoid pitfalls! 🫰🫰🫰🧧🧧🧧🫶🫶🫶 My answer is: yes!
🇶🇦 Doha Bank completes a digital bond worth 150 million dollars with instant settlement (T+0)
In a new step that confirms the acceleration of fintech adoption in the region, Qatar's Doha Bank announced the completion of a digital bond issuance worth 150 million dollars using a regulated distributed ledger infrastructure from Euroclear. The highlight of the process is achieving instant settlement T+0, which reduces operational risks and enhances efficiency and liquidity compared to traditional markets that rely on T+2 or T+3.
This issuance highlights how DLT technology can reshape debt markets by:
Faster and safer settlement
Reducing operational costs
Higher transparency for investors
Greater convergence between traditional finance and regulated blockchain technologies
Doha Bank's step represents a strong signal that digital bonds are no longer an experiment but have become a real tool in global capital markets.
🇧🇷 A significant shift in the stance of Brazilian institutions towards Bitcoin
Itáu Asset Management, the largest asset management company in Brazil, recommended that investors allocate 1% to 3% of their investment portfolios to Bitcoin (BTC). An executive confirmed that Bitcoin is no longer just a speculative asset but has become an effective tool for diversification and value protection in the long term amidst global economic fluctuations.
This recommendation reflects the growing confidence of major financial institutions in Bitcoin as a strategic asset, especially with increasing concerns about inflation and the volatility of traditional currencies.
🇬🇧 Britain places crypto under full regulatory umbrella
The UK Treasury is working on crafting a new regulatory framework aimed at subjecting the cryptocurrency market to oversight by the Financial Conduct Authority (FCA), treating crypto with the same stringent standards applied to traditional finance (TradFi) products.
🔍 What does that mean?
Official regulation of trading platforms and crypto service providers
Stronger requirements for investor protection and transparency
Compliance and anti-money laundering standards similar to banks and financial institutions
Enhancing institutional confidence and driving wider adoption of digital assets
⏳ Timing is expected for these rules to come into effect in 2027, giving companies time to adapt, but sending a clear signal that Britain is serious about regulating the sector and not banning it.
📌 In summary, this step could make the UK a regulated and attractive hub for crypto companies, but it will also raise the bar on requirements for projects and platforms.