#RamadanGiveaway Binance is celebrating Ramadan 2025 with a series of initiatives aimed at fostering community engagement and offering generous rewards: ❣️❣️❣️❣️❣️❣️❣️❤️❤️❤️❤️❤️🎊🎊🎉🎊🎉🎊🎉🎊🎉🚗🎉🚗🎊 1. Ramadan Red Packet Giveaway: Users from eligible regions can invite friends to claim surprise crypto rewards through Binance Pay. Each successful invitation not only allows friends to receive a red packet but also grants the inviter an additional red packet.
2. Binance Square Ramadan Giveaway: From March 14 to March 28, 2025, verified users can participate in a 5,000 USDC giveaway by engaging with the Ramadan Calendar. Participation involves following Binance Square, sharing the official giveaway post, and creating posts with the hashtag #RamadanGiveaway showcasing their progress.
3. Binance MENA Ramadan Tour 2025: This initiative invites selected users to exclusive Iftar gatherings across the MENA region. The events offer opportunities to connect with community leaders, engage in discussions about crypto, and enjoy exclusive Binance merchandise and giveaways. Invitations are limited and sent via email or Binance app notifications.
💲💸💵Michael Saylor's Strategy will raise $21 billion for Bitcoin purchases The company will issue Class A preferred shares with an 8% yield, which investors can convert into common Strategy shares.
The sale will take place gradually, depending on market conditions.
While the recent deposit into Sky was not linked to the Ethereum Foundation, the EF has faced criticism in the past for selling ETH for stablecoins to fund team salaries and operations. In January, community members suggested that the foundation could instead borrow stablecoins against its ETH holdings rather than sell the assets.
At the time, Sassano said that instead of swapping ETH for stablecoins, the foundation should consider using Aave to borrow stablec oins against ETH. Sky allows users to do something similar. By depositing ETH, users can borrow DAI.
On Feb. 13, the EF listened to the community and deployed 45,000 ETH, about $120 million at the time, to DeFi protocols Aave, Spark and Compound.
Community members celebrated the move, with Aave founder and CEO Stani Kulechov saying, “DeFi will win.” The EF also said there’s “more to come,” suggesting this is not their last foray into DeFi.
Ethereum wallet likely from an early investor Wu Blockchain later clarified that while the account was suspected of belonging to the Ethereum Foundation, transaction history suggested it was more likely associated with an early Ethereum investor. The address received a 4 million Dai (DAI) transfer from the EF ETH Sale in May 2022, and initial ETH funding was traced back to a wallet called jonny.eth. The address deposited the $56 million into the Sky vault to avoid liquidation as ETH prices tumbled. On March 10, ETH dropped from a high of $2,138 to $1,813, a 15% decline.
The move allowed the wallet to avoid liquidation, lowering its liquidation price to $1,127.14, 40.19% below ETH’s price of $1,896 at the time $ETH #Binance #ETH
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