According to CoinMarketCap data, the global crypto market cap is $3.09T, a 3.08% increase over the last day. Bitcoin (BTC) traded between $95,785 and $99,800 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $99,651, up by 2.82%. Most major cryptocurrencies by market cap are trading higher. Market outperformers include PENGU, IO, and AIXBT, up by 25%, 20%, and 18%, respectively. Top stories of the day: Bitcoin Nears $100K as Trump Teases Major UK Trade Deal Announcement Crypto Market Rebounds 10.8% in April as Bitcoin Leads Institutional Adoption — Binance Research Report Ethereum Undervalued Against Bitcoin, But Recovery Uncertain Amid Stagnant Network and Weak Institutional Demand Bitcoin Realized Cap Hits $890B as Bulls Eye Breakout Toward $100K Fed Holds Interest Rates Steady Amid Rising Risks of Inflation and Unemployment Oregon Updates Commercial Code to Include Digital Assets Arizona Senate Approves Bitcoin Reserve Bill Awaiting Governor's Decision Michael Saylor Advocates Bitcoin Investment for Saudi Sovereign Wealth Fund EU Considers Countermeasures Against U.S. Tariffs U.S. Treasury to Host Private Meetings with Crypto Industry Market movers: ETH: $1940.52 (+5.46%) XRP: $2.2049 (+2.86%) BNB: $615.64 (+1.60%) SOL: $152.75 (+3.42%) DOGE: $0.18313 (+5.60%) ADA: $0.7152 (+4.58%) TRX: $0.2506 (+2.12%) WBTC: $99609.09 (+2.82%) TRUMP: $12.2 (+11.01%) SUI: $3.6979 (+8.69%) $BTC $ETH
Today's Red Packet Codes (May 7, 2025 For those participating in the Red Packet Initiative, here are today's codes to use in the trivia quizzes BPF67UMT1 BPTJ25JXCX BPGJXSEDTH BCGNGU9V BPZDM97WET BPUJ65KO0M BPA06F0B36 6WNDGM1G RWROZZUJ Enter these codes in the promotions tab to participate in today's trivia and earn rewards. $BTC $ETH
A Binance Red Packet is a digital envelope containing cryptocurrency, which can be sent to multiple recipients. Users can choose to distribute a fixed amount to each recipient or randomize the amounts. Once created, a unique code or link is generated, which recipients can use to claim their share. This feature is accessible via the Binance app or website.
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🧠 Learn and Earn: The Red Packet Initiative
On May 7, 2025, Binance introduced the Red Packet Initiative, combining crypto education with rewards. Participants engage in daily trivia quizzes on the Binance platform, and correct answers yield crypto rewards. This initiative aims to make learning about cryptocurrencies engaging and rewarding.
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🕵️♂️ Red Packet Hunting on Binance Square
Binance Square offers a "Red Packet Hunting" feature, where users can claim crypto-filled red packets dropped by Binance or community members during events or discussions. Staying active and following key influencers increases the chances of catching these drops.
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⚠️ Stay Alert: Red Packet Scams
While the Red Packet feature is legitimate, users should be cautious of scams. Some malicious actors may pose as Binance representatives, urging users to create or share red packets under false pretenses, leading to potential loss of funds. Always verify the authenticity of such requests and avoid sharing red packet codes publicly.
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✅ How to Create and Claim a Red Packet
To Create:
1. Log in to your Binance account.
2. Navigate to [Pay] > [Red Packet].
3. Click [Create], choose the distribution method (Random, Fixed, or Timed), and enter the necessary details.
4. Confirm the payment and share the generated code or link with intended recipients.
To Claim:
1. Log in to your Binance account.
2. Navigate to [Pay] > [Red Packet].
3. Enter the received code and click [Claim].
4. The claimed crypto will be credited to your Funding Account. $BTC
#EarnMoney Earn Crypto Daily — No Investment, Just Your Phone!
Want to earn over ₹75,000/month using just your phone — with zero investment? It’s 100% possible, and all it takes is 5 minutes a day on Binance Square. No referrals. No selling. Just post, engage, and get paid in crypto.
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What You Need to Get Started:
A smartphone
5 spare minutes per day
A free Binance Square account
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Here’s How It Works (Simple 3-Step Process):
1. Create Your Binance & Square Profile Takes under 2 minutes to sign up.
2. Start Posting 3–4 Times a Day Post quick updates, memes, crypto thoughts, or market news.
3. Stay Active & Build Your Presence The more valuable or viral your content, the more you earn!
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Your Earning Potential:
Daily Income: $15–$30+
Monthly Potential: ₹75,000+
Payout: Direct in USDT or BTC to your Binance wallet
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Why Binance Pays You: Your content drives traffic and engagement on Binance Square. As a creator, you help grow the community — and Binance rewards you for it.
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Tips to Boost Your Earnings:
Use trending hashtags like #Bitcoin #MemeCoin #Crypto
Add memes, GIFs, and eye-catching visuals
Keep posts short — 1–2 lines work best
Engage with others — comments and likes matter!
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No Investment. No Catch. Just Earnings.
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Start Today: Ready to turn your crypto knowledge (or memes!) into daily income? Comment “I’M IN” or hit the link below to start your Binance Creator journey.
Ethereum’s Pectra Upgrade: A Major Step Forward for the Network
Ethereum is set to undergo a pivotal upgrade with the launch of the Pectra hard fork, scheduled for May 7 at 3:05 AM PT (18:05 UTC+8). This upgrade follows the major milestones of the 2022 Merge and the 2024 Dencun update, continuing Ethereum's evolution with a focus on scalability, security, efficiency, and an improved user experience.
Pectra brings enhancements to both core layers of the network—the execution layer (Prague) and the consensus layer (Electra). Among the key upgrades is the implementation of account abstraction, which will streamline wallet interactions and simplify user operations. Validators will also benefit from optimized mechanisms that offer greater flexibility in staking, contributing to a more efficient and balanced network load.
A major highlight of the upgrade is its contribution to Layer 2 scalability. By expanding blob capacity and cutting down transaction costs, Pectra aims to make Layer 2 solutions more viable and cost-effective. On the security front, Ethereum will introduce advanced cryptographic tools and modern communication protocols to reinforce the network’s resilience.
This upgrade marks another strong move in Ethereum’s roadmap, setting the stage for a more scalable, user-friendly, and secure decentralized ecosystem. $BTC