#Binance Coin #BNB rises from the ashes after a tumultuous year
$BNB reached its highest level in two years, peaking at $537.50 on March 10, thanks to a 64% rise in 30 days.
@CZ paid too much in this bull market, but in the end one person took it all. @Binance This platform exists for one day, and I will never use other platforms.
#AVEO After the end, new mining will be launched. Do you choose to sell BNB or hold it for a long time?
If you still hold #BNB 👀Please like and forward it
The reorganization plan is expected to take effect in early January 2025; distributions will begin no later than 60 days thereafter
Wilmington, Delaware, November 21, 2024 /PR Newswire/ -- FTX Trading Ltd. (d.b.a. FTX.com) and its affiliated debtors ("FTX" or "Debtors") today announced that FTX is nearing the completion of the final prerequisites for the court-approved Chapter 11 reorganization plan ("Plan") to take effect, paving the way for FTX to commence distributions to creditors and customers.
John J. Ray III, CEO and Chief Restructuring Officer of FTX Debtors, stated: "We are pleased to announce that we will begin distributions in early 2025. The established timeline reflects the expertise and ongoing efforts of the professional team supporting the Debtors, who have recovered billions of dollars on behalf of FTX's creditors and customers. As we continue to take steps to maximize recovery, we are working diligently to finalize arrangements with our distribution agents and return funds to creditors and customers as soon as possible."
FTX provided the following updates regarding the anticipated distribution timeline:
In early December, the Debtors expect to finalize arrangements with professional distribution agents who will assist FTX in distributing recoveries to customers in supported jurisdictions worldwide ("Distribution Agents"). At that time, the Debtors will provide instructions to customers to establish approved accounts with the Distribution Agents on the existing customer portal. By the end of December, the Debtors expect to announce the exact effective date following the court's order approving the disputed claims reserve, which is a prerequisite for distribution according to the confirmation order. The Debtors currently anticipate that the Plan will take effect in early January 2025. According to the confirmation order, the initial distribution will be made within 60 days to holders of claims allowed in the Plan facilitation category ("Initial Distribution"). The record date for the Initial Distribution will be the same as the effective date. Customers should note that to be eligible for a distribution on the Initial Distribution Date, customers must establish an approved account with the Distribution Agents, complete KYC verification, and submit the required tax documents before the record date for distribution.
Claim traders should be aware that, according to Section 7.4.1 of the Plan, claims traded within 45 days prior to the record date may not be reflected on the claims register before the close of business on the record date, and distributions for those claims may be allocated to the transferor.
Can anyone still buy BNB? What is the upper limit of BNB?
The direction the market chooses#BNB#ETH #SOL
Personal understanding and views on BNB
First, holding BNB can indirectly serve as shareholder dividends, which is Launchpad, which is equivalent to the IPO listing on Nasdaq.
Second, BNB can be used as a GAS fee on the BSC chain. BNB liquidity can be locked for various projects on the chain. BNB liquidity can be destroyed. BNB’s Layer 2 support and storage enablement can also be locked for Defi mining, and one coin can be mined three times. Continue to push prices up.
Third, BNB continues to be repurchased and burned every quarter. Each time, millions of BNB are burned. The total amount is getting smaller and smaller, and the price will continue to rise.
Binance has gone through many bull and bear tests. In the bull market, platform coins, especially BNB, have exceeded the market average in every round of growth. This round of performance has even surpassed Ethereum and many other large market capitalization projects. Even some popular altcoins.
Whether you are a newbie in the industry or an experienced "old leek", holding BNB during the bull market cycle can easily surpass 90% of investors.
Without Binance, the cryptocurrency industry might not have developed so fast after 1994. After several bull and bear changes, in this bull market, many people have made a lot of money on Binance.
It is said that the next round of Launchpad is ready, and I look forward to mining 3/4 times a month.
The price when BTC leads the rise, practicing the blood sacrifice method, copycat sacrifice to the sky, the magic power is boundless. BTC successfully led the three-way army to collapse. Watching BTC rise, I found that assets were shrinking.
ETH Cancun upgrade, it should have exceeded 4500 long ago, the exchange rate was driven into a ditch by BTC
BNB Staking Mining #AVEO 2X opened short BNB, but was also led into the gutter and capsized.
The currency circle is ruthless, BNB is loved, millions of coins are destroyed every quarter #BNB 2/3 mining projects every month, invincible deflation, eating, drinking and taking, too few people really understand BNB, and there are more consensus people , BNB is not much worse than ETH and BTC. It may overtake ETH.
According to BlockBeats, the decentralized derivatives trading platform Aevo (formerly Ribbon Finance) has completed US$16.6 million in three rounds of financing.
Hold#bnbmining and continue to earn while eating and taking until the end
In every bull market, Binance is the main position. Many industry-supporting and industry-breaking projects sprouted here. We trust Binance too much, rely too much on it, and are too familiar with it. We all hope it will develop well and bring us more opportunities. #BNB The golden shovel started digging again #BNB Eating, drinking and taking every time #BNB Hold BNB for a long time and it will be destroyed every quarter. In 10 years, BNB may be beyond your reach.
#Bitcoin is widely praised for its decentralized nature, limited supply, and revolutionary potential. Without CZ, BNB lacks some fun #BTC $BTC $ETH $BNB