Hy Broo
Open Trade
Occasional Trader
1.5 Months
next future plans
5 Following
13 Followers
9 Liked
1 Shared
#AirdropStepByStep
🪂 #AirdropStepByStep — Step-By-Step Airdrop Guides
Claiming an airdrop isn’t always straightforward. Some require social tasks, others ask for testnet interactions or multi-step quests. Use #AirdropStepByStep to walk others through an airdrop you’ve completed from start to finish.
💬 Your post can include:
· A brief intro to the airdrop/project (what’s it about?)
· Tasks required to qualify (e.g. connect wallet, testnet, quests)
· Step-by-step walkthrough of what you did
· Tips or warnings (e.g. “you’ll need testnet ETH” or “gas was high”)
· What you received or expect to receive
💡 Tip: Use screenshots or screen recordings to help showcase your personal process!
🚫 Reminder: Keep links on Square, no external links allowed.
🪂 #AirdropStepByStep — Step-By-Step Airdrop Guides
Claiming an airdrop isn’t always straightforward. Some require social tasks, others ask for testnet interactions or multi-step quests. Use #AirdropStepByStep to walk others through an airdrop you’ve completed from start to finish.
💬 Your post can include:
· A brief intro to the airdrop/project (what’s it about?)
· Tasks required to qualify (e.g. connect wallet, testnet, quests)
· Step-by-step walkthrough of what you did
· Tips or warnings (e.g. “you’ll need testnet ETH” or “gas was high”)
· What you received or expect to receive
💡 Tip: Use screenshots or screen recordings to help showcase your personal process!
🚫 Reminder: Keep links on Square, no external links allowed.
#AirdropFinderGuide
Binance has just launched Megadrop an exciting new feature blending the best of token launches, airdrops, and Web3 exploration. With Megadrop, users can unlock exclusive token rewards simply by completing simple Web3 tasks or subscribing BNB to Locked Products. It’s your chance to access promising new projects early, while earning even before trading begins. Whether you’re a seasoned trader or a curious beginner, Megadrop makes participating easy and rewarding. Stay ahead of the game, explore new ecosystems, and grow your crypto portfolio with zero hassle. Ready to dive in? Binance Megadrop is waiting for you!
Binance has just launched Megadrop an exciting new feature blending the best of token launches, airdrops, and Web3 exploration. With Megadrop, users can unlock exclusive token rewards simply by completing simple Web3 tasks or subscribing BNB to Locked Products. It’s your chance to access promising new projects early, while earning even before trading begins. Whether you’re a seasoned trader or a curious beginner, Megadrop makes participating easy and rewarding. Stay ahead of the game, explore new ecosystems, and grow your crypto portfolio with zero hassle. Ready to dive in? Binance Megadrop is waiting for you!
#AbuDhabiStablecoin
#AbuDhabiStablecoin
Abu Dhabi is launching a dirham-backed stablecoin, a digital currency pegged to the value of the UAE dirham. This project is a collaboration between three of Abu Dhabi's largest institutions: ADQ, a sovereign wealth fund, International Holding Company (IHC), a conglomerate, and First Abu Dhabi Bank (FAB), the UAE's largest lender.
The stablecoin will operate on the ADI blockchain, a domestically developed technology, and will be regulated by the Central Bank of the UAE. Its primary purpose is to provide a trusted means of payment for citizens, businesses, and institutions, supporting transactions in various digital scenarios.
Recently, on June 5, 2024, the UAE Central Bank approved a new system for overseeing and licensing stablecoins, as part of the government’s financial infrastructure transformation (FIT) program. This initiative aims to enhance digital transactions, advance the country's digital economy, and foster innovation.
#AbuDhabiStablecoin
Abu Dhabi is launching a dirham-backed stablecoin, a digital currency pegged to the value of the UAE dirham. This project is a collaboration between three of Abu Dhabi's largest institutions: ADQ, a sovereign wealth fund, International Holding Company (IHC), a conglomerate, and First Abu Dhabi Bank (FAB), the UAE's largest lender.
The stablecoin will operate on the ADI blockchain, a domestically developed technology, and will be regulated by the Central Bank of the UAE. Its primary purpose is to provide a trusted means of payment for citizens, businesses, and institutions, supporting transactions in various digital scenarios.
Recently, on June 5, 2024, the UAE Central Bank approved a new system for overseeing and licensing stablecoins, as part of the government’s financial infrastructure transformation (FIT) program. This initiative aims to enhance digital transactions, advance the country's digital economy, and foster innovation.
#ArizonaBTCReserve
Arizona has passed the Strategic Bitcoin Reserve Act, authorizing the state Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds into Bitcoin.
💬 What’s your take on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts!
#AbuDhabiStablecoin
Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin fully regulated by the UAE Central Bank. This move is part of a broader national strategy to accelerate the growth of the digital asset economy in the region.
💬 How do you see government-backed stablecoins shaping the future of crypto and global payments? Share your views!
Arizona has passed the Strategic Bitcoin Reserve Act, authorizing the state Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds into Bitcoin.
💬 What’s your take on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts!
#AbuDhabiStablecoin
Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin fully regulated by the UAE Central Bank. This move is part of a broader national strategy to accelerate the growth of the digital asset economy in the region.
💬 How do you see government-backed stablecoins shaping the future of crypto and global payments? Share your views!
#MarketRebound
From -2300 To Profit .
I had lost my hope on my money, Because the liquidation price was 0.49 and ADa bounced back from 0.51. I used DCA Strategy , bought at the lowest and Reduced my entry price From 0.76 to 0.6993. It Almost took 1Month but i haven't lose any money . Now I think it's time to make some profit ig
$ADA
CryptoMarketCapBackTo$3T
From -2300 To Profit .
I had lost my hope on my money, Because the liquidation price was 0.49 and ADa bounced back from 0.51. I used DCA Strategy , bought at the lowest and Reduced my entry price From 0.76 to 0.6993. It Almost took 1Month but i haven't lose any money . Now I think it's time to make some profit ig
$ADA
CryptoMarketCapBackTo$3T
#MarketRebound
From -2300 To Profit .
I had lost my hope on my money, Because the liquidation price was 0.49 and ADa bounced back from 0.51. I used DCA Strategy , bought at the lowest and Reduced my entry price From 0.76 to 0.6993. It Almost took 1Month but i haven't lose any money . Now I think it's time to make some profit ig
$ADA
CryptoMarketCapBackTo$3T
From -2300 To Profit .
I had lost my hope on my money, Because the liquidation price was 0.49 and ADa bounced back from 0.51. I used DCA Strategy , bought at the lowest and Reduced my entry price From 0.76 to 0.6993. It Almost took 1Month but i haven't lose any money . Now I think it's time to make some profit ig
$ADA
CryptoMarketCapBackTo$3T
$BTC
Another Huge Bet on Bitcoin!
Michael Saylor just did it again!
MicroStrategy has added thousands more BTC to their already massive stack, showing unstoppable confidence in Bitcoin’s future!
Why it matters:
Saylor now controls over 1% of all Bitcoin in circulation
He’s buying dips while others panic – classic smart money move
This sends a strong signal to institutions: Bitcoin is here to stay
Historically, BTC pumps follow Saylor’s major buys
What you can do:
1️⃣ Use this signal to stack sats or dollar-cost average
2️⃣ Set alerts for price breakouts
3️⃣ Watch for FOMO as media picks up the news
Saylor isn’t just investing – he’s leading the Bitcoin revolution. Will you follow?
Another Huge Bet on Bitcoin!
Michael Saylor just did it again!
MicroStrategy has added thousands more BTC to their already massive stack, showing unstoppable confidence in Bitcoin’s future!
Why it matters:
Saylor now controls over 1% of all Bitcoin in circulation
He’s buying dips while others panic – classic smart money move
This sends a strong signal to institutions: Bitcoin is here to stay
Historically, BTC pumps follow Saylor’s major buys
What you can do:
1️⃣ Use this signal to stack sats or dollar-cost average
2️⃣ Set alerts for price breakouts
3️⃣ Watch for FOMO as media picks up the news
Saylor isn’t just investing – he’s leading the Bitcoin revolution. Will you follow?
#SaylorBTCPurchase
Another Huge Bet on Bitcoin!
Michael Saylor just did it again!
MicroStrategy has added thousands more BTC to their already massive stack, showing unstoppable confidence in Bitcoin’s future!
Why it matters:
Saylor now controls over 1% of all Bitcoin in circulation
He’s buying dips while others panic – classic smart money move
This sends a strong signal to institutions: Bitcoin is here to stay
Historically, BTC pumps follow Saylor’s major buys
What you can do:
1️⃣ Use this signal to stack sats or dollar-cost average
2️⃣ Set alerts for price breakouts
3️⃣ Watch for FOMO as media picks up the news
Saylor isn’t just investing – he’s leading the Bitcoin revolution. Will you follow?
Another Huge Bet on Bitcoin!
Michael Saylor just did it again!
MicroStrategy has added thousands more BTC to their already massive stack, showing unstoppable confidence in Bitcoin’s future!
Why it matters:
Saylor now controls over 1% of all Bitcoin in circulation
He’s buying dips while others panic – classic smart money move
This sends a strong signal to institutions: Bitcoin is here to stay
Historically, BTC pumps follow Saylor’s major buys
What you can do:
1️⃣ Use this signal to stack sats or dollar-cost average
2️⃣ Set alerts for price breakouts
3️⃣ Watch for FOMO as media picks up the news
Saylor isn’t just investing – he’s leading the Bitcoin revolution. Will you follow?
#TRXETF
Canary Capital has filed for a U.S. spot ETF that would track the price of Tron’s TRX token and include staking rewards. If approved, it would be the first Tron ETF in the U.S., adding to the wave of altcoin ETF proposals now under SEC review.
💬 Would you invest in a TRX ETF with staking? What’s your view on altcoin ETFs gaining traction?
👉 Create a post with the #TRXETF or the $TRX cashtag, or share your trader’s profile and insights to earn Binance points!
(Press the “+” on the App homepage and click on Task Center)
Activity period: 2025-04-20 06:00 (UTC) to 2025-04-21 06:00 (UTC)
Points rewards are first-come, first-served, so be sure to claim your points daily!
Canary Capital has filed for a U.S. spot ETF that would track the price of Tron’s TRX token and include staking rewards. If approved, it would be the first Tron ETF in the U.S., adding to the wave of altcoin ETF proposals now under SEC review.
💬 Would you invest in a TRX ETF with staking? What’s your view on altcoin ETFs gaining traction?
👉 Create a post with the #TRXETF or the $TRX cashtag, or share your trader’s profile and insights to earn Binance points!
(Press the “+” on the App homepage and click on Task Center)
Activity period: 2025-04-20 06:00 (UTC) to 2025-04-21 06:00 (UTC)
Points rewards are first-come, first-served, so be sure to claim your points daily!
$ETH
(ETH) trading strategies vary based on timeframes and market conditions.
Swing trading involves capturing short- to mid-term gains by analyzing technical patterns and support/resistance levels.
Scalping targets small, rapid price movements, ideal in high-volume periods.
HODLing remains popular, with long-term investors banking on Ethereum’s evolving ecosystem, especially with upgrades like Ethereum 2.0.
Arbitrage exploits price differences across exchanges.
DeFi staking and yield farming offer passive income opportunities for ETH holders. Risk management, including stop-losses and portfolio diversification, is crucial.
Combining technical analysis with macro trends, like interest rate changes or network updates, enhances the effectiveness of ETH trading strategies.
(ETH) trading strategies vary based on timeframes and market conditions.
Swing trading involves capturing short- to mid-term gains by analyzing technical patterns and support/resistance levels.
Scalping targets small, rapid price movements, ideal in high-volume periods.
HODLing remains popular, with long-term investors banking on Ethereum’s evolving ecosystem, especially with upgrades like Ethereum 2.0.
Arbitrage exploits price differences across exchanges.
DeFi staking and yield farming offer passive income opportunities for ETH holders. Risk management, including stop-losses and portfolio diversification, is crucial.
Combining technical analysis with macro trends, like interest rate changes or network updates, enhances the effectiveness of ETH trading strategies.
#TrumpVsPowell
Powell REFUSES to Resign! Trump Explodes in Fury!
The Power Struggle Hits New Heights!
Trump (furious): “Powell! Get on your knees and sign that resignation letter!”
Powell (calm AF): “Nice try. You can’t fire this Chairman!”
Trump (desperate): “I’m begging you! I’m BEGGING you!”
Powell (ice cold): “Beg all you want. I’m unshakable.”
Key Fact:
The Fed Chair can’t be easily fired!
They serve a 14-year term, and the President has no direct authority to remove them. All he can do is rant, tweet, or wait...
Throwback to 2018:
Powell raises interest rates
Stock market: crashes
Trump: “It’s like my head was kicked by a donkey!”
But guess what? Still couldn’t touch Powell.
The Real Drama:
The Fed = Financial Nuke
Trump = Trigger Happy
Powell = Calm, Silent Operator
Top Netizen Reactions:
“Trump: I'm begging you! Powell: No, YOU beg ME! — Replay loop!”
“Federal Reserve: I answer to the economy, not the ego.”
“New Series
Powell REFUSES to Resign! Trump Explodes in Fury!
The Power Struggle Hits New Heights!
Trump (furious): “Powell! Get on your knees and sign that resignation letter!”
Powell (calm AF): “Nice try. You can’t fire this Chairman!”
Trump (desperate): “I’m begging you! I’m BEGGING you!”
Powell (ice cold): “Beg all you want. I’m unshakable.”
Key Fact:
The Fed Chair can’t be easily fired!
They serve a 14-year term, and the President has no direct authority to remove them. All he can do is rant, tweet, or wait...
Throwback to 2018:
Powell raises interest rates
Stock market: crashes
Trump: “It’s like my head was kicked by a donkey!”
But guess what? Still couldn’t touch Powell.
The Real Drama:
The Fed = Financial Nuke
Trump = Trigger Happy
Powell = Calm, Silent Operator
Top Netizen Reactions:
“Trump: I'm begging you! Powell: No, YOU beg ME! — Replay loop!”
“Federal Reserve: I answer to the economy, not the ego.”
“New Series
#MetaplanetBTCPurchase
Federal Reserve Chair Jerome Powell cautioned that markets should not expect the Fed to step in as a “savior,” while acknowledging that Trump’s shifting policies are creating significant uncertainty. At the same time, he noted that cryptocurrencies are becoming increasingly mainstream, and stablecoin regulations may see some easing.
What’s your take on Powell’s latest remarks and their potential impact on market sentiment?
#MetaplanetBTCPurchase Metaplanet Inc. has announced the issuance of $10 million in zero-coupon corporate bonds to further increase its Bitcoin holdings.What’s your take on companies issuing debt to accumulate BTC? Is it a smart hedge against inflation, or a risky bet that amplifies exposure to volatility?
👉 Create a post with the #PowellRemarks , #MetaplanetBTCPurchase or the $BTC cashtag, or share your trader’s profile and insights to earn Binance points!
(Press the “+” on the App homepage and click on Task Center)
Activity period: 2025-04-17 06:00 (UTC) to 2025-04-18 06:00 (UTC)
Points rewards are first-come, first-served, so be sure to claim your points daily!
Federal Reserve Chair Jerome Powell cautioned that markets should not expect the Fed to step in as a “savior,” while acknowledging that Trump’s shifting policies are creating significant uncertainty. At the same time, he noted that cryptocurrencies are becoming increasingly mainstream, and stablecoin regulations may see some easing.
What’s your take on Powell’s latest remarks and their potential impact on market sentiment?
#MetaplanetBTCPurchase Metaplanet Inc. has announced the issuance of $10 million in zero-coupon corporate bonds to further increase its Bitcoin holdings.What’s your take on companies issuing debt to accumulate BTC? Is it a smart hedge against inflation, or a risky bet that amplifies exposure to volatility?
👉 Create a post with the #PowellRemarks , #MetaplanetBTCPurchase or the $BTC cashtag, or share your trader’s profile and insights to earn Binance points!
(Press the “+” on the App homepage and click on Task Center)
Activity period: 2025-04-17 06:00 (UTC) to 2025-04-18 06:00 (UTC)
Points rewards are first-come, first-served, so be sure to claim your points daily!
#PowellRemarks
The Fed Just Subtly Shook Up Crypto — Here’s What You Missed
Alright, here’s the real talk — Jerome Powell (yeah, the Fed boss) dropped some typical central bank lingo again. But if you were actually paying attention (and not half-watching CNBC while scrolling Reels), you’d know something big is simmering under the surface.
What He Said vs. What He Meant:
Words like “soft landing,” “inflation expectations,” and “data-dependent” sound tame, but read between the lines — he’s setting the stage for potential rate cuts. And if you know your macro, you already get the play:
Lower interest rates = More liquidity = Risk assets (aka crypto) could pump.
Crypto Crowd, Take Notes — The Fed Is Dropping Alpha Every time Powell speaks, Wall Street flips out. And crypto? It either rips or tanks — no in-between.
This isn’t just “Fed watching,” this is how you level up your strategy.
Here’s your cheat sheet:
The Fed Just Subtly Shook Up Crypto — Here’s What You Missed
Alright, here’s the real talk — Jerome Powell (yeah, the Fed boss) dropped some typical central bank lingo again. But if you were actually paying attention (and not half-watching CNBC while scrolling Reels), you’d know something big is simmering under the surface.
What He Said vs. What He Meant:
Words like “soft landing,” “inflation expectations,” and “data-dependent” sound tame, but read between the lines — he’s setting the stage for potential rate cuts. And if you know your macro, you already get the play:
Lower interest rates = More liquidity = Risk assets (aka crypto) could pump.
Crypto Crowd, Take Notes — The Fed Is Dropping Alpha Every time Powell speaks, Wall Street flips out. And crypto? It either rips or tanks — no in-between.
This isn’t just “Fed watching,” this is how you level up your strategy.
Here’s your cheat sheet:
#USElectronicsTariffs
The U.S. just hit “pause” on the 145% tariffs for tech imports from China — including smartphones, laptops, and semiconductors.
Markets bounced. Futures rallied.
But let’s be clear — this isn’t peace. It’s a tactical timeout.
New statements from the White House confirm: this relief is temporary.
In 1–2 months, a new wave of tariffs is expected — under the flag of national security.
This time, targeting the entire semiconductor supply chain. And that changes everything.
So what does it mean for the market?
📉 Volatility is guaranteed.
Tech stocks, crypto mining, GPU manufacturers — all exposed.
Chip prices ripple through everything: AI, Web3, gaming, DePIN.
💸 Inflation risk returns.
If tariffs are reinstated, production costs rise. Margins shrink. Consumers bleed.
⚙️ China → USA shift?
Washington wants reshoring. But factories don’t move with speeches.
Real impact takes years — not headlines.
🧠 Market takeaway:
This is not just about trade. It’s about control over the core of future tech: chips.
And every delay, every policy swing — creates cracks in the global logic board.
When the tariff game turns into a semiconductor cold war, every ping on the supply chain becomes a shockwave.
Stay alert. The next 60 days will define more than prices — they’ll define direction.
The U.S. just hit “pause” on the 145% tariffs for tech imports from China — including smartphones, laptops, and semiconductors.
Markets bounced. Futures rallied.
But let’s be clear — this isn’t peace. It’s a tactical timeout.
New statements from the White House confirm: this relief is temporary.
In 1–2 months, a new wave of tariffs is expected — under the flag of national security.
This time, targeting the entire semiconductor supply chain. And that changes everything.
So what does it mean for the market?
📉 Volatility is guaranteed.
Tech stocks, crypto mining, GPU manufacturers — all exposed.
Chip prices ripple through everything: AI, Web3, gaming, DePIN.
💸 Inflation risk returns.
If tariffs are reinstated, production costs rise. Margins shrink. Consumers bleed.
⚙️ China → USA shift?
Washington wants reshoring. But factories don’t move with speeches.
Real impact takes years — not headlines.
🧠 Market takeaway:
This is not just about trade. It’s about control over the core of future tech: chips.
And every delay, every policy swing — creates cracks in the global logic board.
When the tariff game turns into a semiconductor cold war, every ping on the supply chain becomes a shockwave.
Stay alert. The next 60 days will define more than prices — they’ll define direction.
#BTCRebound
Bitcoin News: Bitcoin Hovers Near $84K as Stocks Rebound and Bond Market Turmoil Fuels Bullish Sentiment
AI Summary
Bitcoin price eyes breakout as easing trade war tensions and a worsening U.S. bond market drive investor optimism. Wall Street rebounds sharply, while analysts forecast BTC's next move amid macroeconomic uncertainty.
U.S. Stocks Climb as Market Sentiment Shifts
On Friday, April 11, U.S. stock markets rebounded after a volatile week marked by inflation fears and escalating trade tensions between the U.S. and China.
The S&P 500 rose 1.81%,
The Nasdaq Composite ended the day 2.0% higher,
The Dow Jones Industrial Average gained over 1.5%.
The recovery was sparked in part by a strong earnings report from JPMorgan Chase, which posted $5.07 EPS on $45.31 billion in revenue, beating analyst expectations. However, JPMorgan CEO Jamie Dimon warned of “considerable turbulence” ahead due to ongoing macroeconomic instability.
Meanwhile, gold surged above $3,200, hitting a record high as investors sought safe-haven assets.
Bitcoin Tests $84,000 as Market Eyes Reversal
Bitcoin (BTC) briefly traded above $84,000 before settling near $83,796, up over 4.5% in 24 hours. Despite recent volatility, BTC appears resilient in the face of economic and policy uncertainty.
The U.S.-China tariff standoff remains a major market factor. President Trump recently paused most global tariffs for 90 days, while increasing levies on Chinese goods to 145%, prompting Beijing to respond with 125% tariffs on U.S. imports.
This back-and-forth spurred a wave of volatility, but also gave Bitcoin room to breathe as traders digested the geopolitical impact.
Bitcoin News: Bitcoin Hovers Near $84K as Stocks Rebound and Bond Market Turmoil Fuels Bullish Sentiment
AI Summary
Bitcoin price eyes breakout as easing trade war tensions and a worsening U.S. bond market drive investor optimism. Wall Street rebounds sharply, while analysts forecast BTC's next move amid macroeconomic uncertainty.
U.S. Stocks Climb as Market Sentiment Shifts
On Friday, April 11, U.S. stock markets rebounded after a volatile week marked by inflation fears and escalating trade tensions between the U.S. and China.
The S&P 500 rose 1.81%,
The Nasdaq Composite ended the day 2.0% higher,
The Dow Jones Industrial Average gained over 1.5%.
The recovery was sparked in part by a strong earnings report from JPMorgan Chase, which posted $5.07 EPS on $45.31 billion in revenue, beating analyst expectations. However, JPMorgan CEO Jamie Dimon warned of “considerable turbulence” ahead due to ongoing macroeconomic instability.
Meanwhile, gold surged above $3,200, hitting a record high as investors sought safe-haven assets.
Bitcoin Tests $84,000 as Market Eyes Reversal
Bitcoin (BTC) briefly traded above $84,000 before settling near $83,796, up over 4.5% in 24 hours. Despite recent volatility, BTC appears resilient in the face of economic and policy uncertainty.
The U.S.-China tariff standoff remains a major market factor. President Trump recently paused most global tariffs for 90 days, while increasing levies on Chinese goods to 145%, prompting Beijing to respond with 125% tariffs on U.S. imports.
This back-and-forth spurred a wave of volatility, but also gave Bitcoin room to breathe as traders digested the geopolitical impact.
#SECGuidance
According to PANews, the U.S. Securities and Exchange Commission (SEC) has released a statement through its Division of Corporation Finance to clarify the application of federal securities laws in the crypto asset market. This guidance aims to assist with the registration and disclosure requirements for securities related to networks, applications, and crypto assets, including those that are part of investment contracts.
The statement addresses key disclosure elements in documents such as Regulation S-K, Form S-1, and Form 10. These elements include business descriptions, risk factors, characteristics of the securities, management information, financial statements, and the presentation of smart contract code. The SEC's guidance is intended to provide clarity on how these requirements apply to equity and debt securities associated with crypto assets.
According to PANews, the U.S. Securities and Exchange Commission (SEC) has released a statement through its Division of Corporation Finance to clarify the application of federal securities laws in the crypto asset market. This guidance aims to assist with the registration and disclosure requirements for securities related to networks, applications, and crypto assets, including those that are part of investment contracts.
The statement addresses key disclosure elements in documents such as Regulation S-K, Form S-1, and Form 10. These elements include business descriptions, risk factors, characteristics of the securities, management information, financial statements, and the presentation of smart contract code. The SEC's guidance is intended to provide clarity on how these requirements apply to equity and debt securities associated with crypto assets.
#BinanceSafetyInsights
Binance, the world’s biggest cryptocurrency exchange, confirmed on Friday that $570 million had been stolen in a hack of a blockchain it runs that serves as a bridge for asset transfers between networks. The attack on the Binance Smart Chain network highlighted weaknesses in decentralized finance, or DeFi, where transactions are controlled by code.
“Software code is never bug free,” Binance’s chief executive, Changpeng Zhao, said in an interview with CNBC. He emphasized that no users had lost money in the hack but said that so-called cross-chain bridges were particularly vulnerable to hacks and the industry needed to get better at learning from them.
“We have seen a series of attacks on targeting vulnerabilities in cross-chain bridges,” Binance Smart Chain wrote in a blog post apologizing to users. “We will openly share the details of the postmortem and all lessons on how to implement more advanced security measures to shore-up these vulnerabilities.”
Binance, the world’s biggest cryptocurrency exchange, confirmed on Friday that $570 million had been stolen in a hack of a blockchain it runs that serves as a bridge for asset transfers between networks. The attack on the Binance Smart Chain network highlighted weaknesses in decentralized finance, or DeFi, where transactions are controlled by code.
“Software code is never bug free,” Binance’s chief executive, Changpeng Zhao, said in an interview with CNBC. He emphasized that no users had lost money in the hack but said that so-called cross-chain bridges were particularly vulnerable to hacks and the industry needed to get better at learning from them.
“We have seen a series of attacks on targeting vulnerabilities in cross-chain bridges,” Binance Smart Chain wrote in a blog post apologizing to users. “We will openly share the details of the postmortem and all lessons on how to implement more advanced security measures to shore-up these vulnerabilities.”
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