#MyFirstSquarePost #BinanceLaunchpoolSXT #PizzaDay
The latest viral topic surrounding Binance involves a significant $2 billion investment deal with a UAE-backed firm, MGX, facilitated through a stablecoin launched by Donald Trump's family. This development has sparked widespread discussion in the crypto community.(New York Post)
🇦🇪 Trump-Linked Stablecoin Powers $2B Binance Investment
At the TOKEN2049 conference in Dubai, it was announced that MGX, an investment firm backed by the UAE government, plans to acquire a $2 billion minority stake in Binance. This investment will be made using USD1, a stablecoin introduced by World Liberty Financial, a crypto company co-founded by members of the Trump family. The stablecoin is pegged to the U.S. dollar and backed by U.S. Treasuries and cash equivalents .(New York Post, WIRED, Reuters)
This arrangement has raised ethical concerns, especially given Binance's previous legal issues in the U.S. and the Trump family's significant involvement in the crypto firm facilitating the deal .(WIRED)
🚀 Trending Meme Coins on Binance
Binance has recently listed several meme coins that have garnered significant attention:(BeInCrypto)
Neiro (NEIRO): Inspired by the late Dogecoin mascot, Kabosu, Neiro aims to continue the legacy of dog-themed cryptocurrencies. Its listing on Binance led to a substantial price increase, highlighting the so-called "Binance effect" .(KEYRING PRO, CoinMarketCap)
Turbo (TURBO): Billed as the first AI-created meme coin, Turbo was developed using ChatGPT with a modest budget. Its unique origin story has attracted a dedicated community and significant trading activity .(KEYRING PRO)
Baby Doge Coin (BABYDOGE): A spin-off of Dogecoin, Baby Doge focuses on animal welfare initiatives. The community recently burned over 40 trillion tokens to reduce supply, which has positively impacted its price and popularity .(CoinMarketCap, Crypto Charcha)
Additionally, Simon’s Cat (CAT) experienced a 65% price surge following Binance's launch of perpetual contracts for the token, demonstrating the platform's influence on meme coin valuations .(CryptoPotato)
📈 Market Snapshot
As of now, the prices of major cryptocurrencies are:
Stock market information for BNB (BNB)
BNB is a crypto in the CRYPTO market.
The price is 597.27 USD currently with a change of -1.29 USD (-0.00%) from the previous close.
The intraday high is 599.69 USD and the intraday low is 593.48 USD.
Stock market information for Bitcoin (BTC)
Bitcoin is a crypto in the CRYPTO market.
The price is 94324.0 USD currently with a change of 121.00 USD (0.00%) from the previous close.
The intraday high is 95118.0 USD and the intraday low is 93587.0 USD.
Stock market information for Ethereum (ETH)
Ethereum is a crypto in the CRYPTO market.
The price is 1765.16 USD currently with a change of -43.50 USD (-0.02%) from the previous close.
The intraday high is 1828.22 USD and the intraday low is 1757.58 USD.
These figures indicate a mixed market, with Bitcoin showing a slight increase, while Ethereum and BNB have experienced minor declines.
For investors and enthusiasts in Khulna and beyond, these developments underscore the dynamic nature of the cryptocurrency market. Staying informed about such trends is crucial for making educated investment decisions.
New York Post
Reuters
WSJ
