#CircleIPO
Circle, the company behind the USDC stablecoin, is planning an Initial Public Offering (IPO), which means it aims to become a publicly traded company. This move could bring more transparency and investor confidence to the crypto industry. For Binance users, Circle’s IPO is significant because USDC is one of the major stablecoins used for trading and transferring value. A successful IPO may boost trust in USDC and drive further adoption. It also reflects growing institutional interest in crypto-related firms. While not directly tradable on Binance, developments like this can impact market sentiment and stablecoin usage across the platform.
{future}(BNBUSDT)
A year ago I managed to get $400 or so for basically running a docker container of @ionet for 2 hours and then I gave up because idk what the issue was lol.
Insane W on my part, still lucked out.
But did you know they actually use GPU power from @exa_bits?
They're one of the biggest providers of GPU power in general, and to many of the more commonly known crypto projects, including ionet, Near, Aethir, Akash, etc.
And they're tokenless for now - but they'll have not just one but two tokens, one of which will be a pure RWA play.
I'm not sure on the specifics on how to get involved as a non-business user, but following them and maybe figuring out the play for these two tokens could be a decent opportunity.
From a recent article:
"Exabits uses a two-token system:
$EXA – The utility token used across the platform. You can use it to pay for GPU time, stake it for rewards, or vote on governance decisions.
$XBIT – A token tied to actual GPU hardware. Think of this like owning a piece of the network. When you stake $XBIT, you earn yield in $EXA based on usage."
So basically they're promising rev-share.
But - will it blend?
Exabits actually own their own datacenters and recently upgraded (as you can see in pic 2).
Most other places simply don't have that infrastructure.
Current revenue is $12M annually (reported)
~70% or so is generated from non-crypto cases.
Will be watching this one closely to see what play could be made.
#TradingPairs101
On Binance, trading pairs represent two currencies that can be exchanged, such as BTC/USDT. The first currency (BTC) is what you're buying or selling, and the second (USDT) is what you're using to make the transaction. Binance supports a wide range of trading pairs, including crypto-to-crypto (like ETH/BTC) and crypto-to-stablecoin (like BNB/USDT). Popular trading pairs usually have higher liquidity, making trades faster and smoother. Choosing the right pair depends on your trading goals and market analysis. Understanding trading pairs is essential for navigating Binance effectively and making informed decisions in both spot and futures markets.
ADA Slides 2.5% as $900K in Longs Liquidated, DeFi TVL Drops to $318 Million
Cardano (ADA) is trading at $0.6795 on Binance, reflecting a 2.52% decline over the past 24 hours from a 24h open of $0.6971. The price drop is primarily attributed to broader market profit-taking, a break below the $0.70 support level, and increased liquidations in the futures market, with over $900,000 in long positions liquidated in a single day. Additional downward pressure stems from a decrease in Cardano’s DeFi total value locked, now at $318 million, indicating reduced activity and interest in its ecosystem. Despite the recent weakness, Cardano remains a top-10 cryptocurrency by market cap, with a circulating supply of approximately 35.68 billion ADA and a market cap near $24 billion. Technical indicators show mixed momentum, with ADA consolidating near key support levels and institutional interest showing signs of growth, particularly if resistance at $0.72 is reclaimed. Trading volumes remain robust, reflecting heightened activity during the recent price movement.