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*⚠️ Critical Market Warning: Trade Smart, Not Fast*
The crypto market is on edge 📉 due to rising tensions between *Israel 🇮🇱 and Iran 🇮🇷*. Volatility is through the roof — and this is *not the time to gamble with leverage*.
Here’s why it’s dangerous right now:
– 💥 One bad move = blown account
– 📊 Wild price swings in seconds
– 😰 Stress kills smart decision-making
✅ What to do:
• Stick to *spot trades only*
• Go slow, stay patient
• Protect your capital at all costs 💼
The market will recover and bring new chances — but only if you’re still standing. Stay sharp, stay safe. 🛡️
$BTC Here's a sample post for the coin pair $BTC for the given date range:
"Bitcoin ($BTC ) shows continued volatility as we move into the close of November 2024. Traders are eyeing key support and resistance levels for potential moves in the coming days (Nov 29–30). With market sentiment shifting, $BTC could test new price ranges. Stay updated and manage your risk accordingly!"
Test Your BTC Intuition and Win Up To $5,000 USDC in Rewards!
Think you can predict the BTC market? Put your intuition to the test and grab your share of the $5,000 USDC reward pool! Join our daily “Bullish vs Bearish” voting campaign and connect with the crypto community by sharing your market sentiment. Campaign Period: 2024-08-08 00:00 to 2024-08-14 23:59 (UTC)
How To Participate: Vote on $BTC Direction and Share Insights: Option 1: Visit the BTC trading page and vote whether the day will be bullish or bearish. Share your insights and reasoning behind your vote in an accompanying post.
Option 2: Create a post through the “+” posting button on Binance Square, adding the $BTC cointag, and vote bullish or bearish in the content editor.
Winning Criteria: Bullish Votes Win: If the BTC price at the end of the day (daily close price) is higher than the price at the beginning of the day (open price).Bearish Votes Win: If the BTC price at the end of the day (daily close price) is lower than the price at the beginning of the day (open price). Eligibility: Only the first prediction per day will be considered if a user makes more than one prediction.Voting and posts made between 21:00-24:00 UTC will not be counted as eligible entries.
Reward Structure: Daily Challenge Participate in our daily task! Users who post and vote in the correct direction will be eligible to share a $500 USDC prize pool each day. Join every day and predict correctly to win! *Individual cap: $2 USDC per participant per day. Extra Rewards: Make correct predictions for several days and earn additional rewards!
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for the votes to count. Each day runs from 00:00 (UTC) to 23:59 (UTC). Rewards will be distributed in the form of token vouchers to eligible users within 21 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right of final interpretation of this Activity.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
German government nears end of Bitcoin sale The German government, one of the main actors in the Bitcoin (BTC) decline, sold 87 percent of its BTC holdings. According to on-chain data, the German government's BTC sales will end soon.
Blockchain data platform Arkham Intelligence confirmed that on July 11, the German government transferred 10,620 BTC worth around $615 million to exchanges such as Coinbase, Bitstamp, Kraken, and Flow Traders. After this transfer, the amount of BTC held by the German government dropped below 5,000 BTC. Shortly after, some of these funds were transferred back to the German government’s wallet. The German government’s wallet contained 9,094 BTC.
BlackRock Leads with $72.09 Million Inflows, US Spot Bitcoin ETFs Report $79 Million Net Increase. •The United States saw significant investment flows into 11 spot Bitcoin (BTC) ETFs, with net inflows of approximately $79 million on Thursday. •This was the fifth consecutive day of positive net inflows for these ETFs. •BlackRock’s IBIT ETF, known as the largest in terms of net asset value, had the highest daily net inflow, reporting $72.09 million in net inflows in a single day, according to SoSoValue data.
Layer2 Network Kinto Partners with Breach Insurance to Provide Anti-Theft Services. According to Odaily, Layer2 network Kinto has announced a partnership with Breach Insurance to provide protection services for its wallets against theft and hacking. Breach Insurance will manage the insurance coverage of Kinto wallets, and any assets over $100 will be automatically covered. In case of cyberattacks or smart contract attacks, users can receive a default insurance of $2,500 at no additional cost. Users can also use K tokens to enhance their protection, making it the first token mechanism for K. This partnership aims to increase the security of Kinto wallets and protect users’ assets from potential cyber threats.
In the United States (USA), the prosecutor's office requested a three-year prison sentence after Changpeng Zhao, the founder and former CEO of Binance, the world's largest cryptocurrency exchange, admitted to money laundering.
US law stipulates that Zhao could face up to 18 months in prison. The prosecutor's office is requesting a prison sentence twice that amount due to "deliberate violations".
Last November, 47-year-old Zhao, one of the most powerful figures in the crypto industry, admitted that he did not comply with anti-money laundering requirements and then resigned as Binance's top executive.
Following this confession, Binance agreed to pay a fine of $4.32 billion.
Prosecutors say Binance failed to report more than 100,000 suspicious transactions to several groups, including Hamas, Al Qaeda and the Islamic State of Iraq and the Levant (ISIS).
Prosecutors also say the platform also supported the sale of child sexual abuse material and was the recipient of a large share of ransomware proceeds.