Binance co-founder Yi He has provided clarification on the cryptocurrency listing process on the platform, in response to concerns following the volatile trading of Test (TST). The coin’s market cap rose to nearly $500 million before a sharp decline.
Centralized exchanges (CEXs) like Binance play a pivotal role in how crypto investors allocate their capital. Listing on these platforms often leads to increased demand and investor interest in cryptocurrencies. The main criterion for listing on Binance is return on investment (ROI), which is assessed by comparing the average price on the first trading day to its quarterly performance on other centralized exchanges.
In addition to ROI, Binance evaluates the project’s ability to innovate and attract new users to the blockchain industry. The third criterion focuses on cryptocurrencies that have made a significant splash in the market and have shown strong performance on other major platforms. These coins must have compelling technical appeal to avoid losing market share to Binance if they are not listed. $BNB
The most notable of these events was the rise of the tst coin, which was launched on the BNB Chain network after a community education lesson, to a market cap of $300 million. This massive rise came after signals from Binance founder Changpeng Zhao, who mentioned the coin in several posts on the X platform, which helped get it listed on the Binance exchange.
In another event, David Portnoy of Barstool Sports sparked controversy by promoting the JAILSTOOL coin, which recorded a market peak of over $200 million before settling at $78 million, amid criticism from market watchers.
In an unconventional move, the Central African Republic issued its own meme coin, CAR, to support national development and increase international visibility, reflecting the interest of developing countries in benefiting from the crypto phenomenon. #BNBChainMeme
#FedHODL Fed Monetary Policy Report: The Federal Reserve Monetary Policy Committee (FOMC) has released a new report on monetary policy, announcing its decision to raise interest rates by 0.25% to stimulate economic growth and achieve price stability. The impact of this decision on the market could be significant, as it is expected to lead to an increase in interest rates and stimulate economic growth. It is also expected to lead to an increase in costs for businesses and consumers, which could affect the demand for goods and services. Financial markets have responded positively to the decision, as stock prices have risen and bond yields have improved. It is expected that the impact on the market will remain uncertain until the effects of the decision on the economy are fully determined. The Fed report also indicated that the FOMC will continue to monitor the economic situation and update monetary policy accordingly. This report is expected to remain a hot topic in financial markets in the coming period. #FedHODL It is a hot topic on social media, as users discuss the effects of the decision on the market and the economy. This topic is expected to remain a hot topic for the foreseeable future as the impact of the decision on the economy is fully determined. $BTC
As of January 31, 2025, Bitcoin (BTC) has seen significant fluctuations in its value. In December 2024, Bitcoin crossed the $100,000 mark, hitting a high of $103,000 on December 5. It then fell to $95,500 over the following week, before settling around $100,941 on December 14. As 2025 began, the volatility continued, dropping to around $92,000, before recovering to $94,350 in January 2025.
Bitcoin (BTC) was trading at high levels today, January 21, 2025, with its current price at $103,707. However, the coin has seen a 4.34% decrease compared to its previous closing price. The daily price ranged between a low of $100,145 and a high of $108,619.
In October 2024, Tesla moved 11,509 Bitcoins, worth around $770 million, to unknown wallets. The move sparked speculation that the company was planning to sell its Bitcoin holdings, which could destabilize the market.
#BinanceMegadropSolv Binance Alpha Launched: Binance has launched a new platform called Binance Alpha, which aims to highlight emerging cryptocurrency projects in their early stages, providing investors and users with an opportunity to learn about new innovations in the field.
#CryptoReboundStrategy Record Outflows from BlackRock’s Bitcoin Fund: BlackRock’s iShares Bitcoin Trust saw $333 million in outflows, the largest withdrawal ever from the benchmark fund.
The cryptocurrency Dogecoin (DOGE) has seen a significant rise in recent times.
In November 2024, Dogecoin surged by over 30%, supported by optimism over Donald Trump’s victory in the US presidential election.
In October 2024, Grayscale announced that it was considering adding 35 new cryptocurrencies to its portfolio of investment products, including Dogecoin.
In August 2024, an imminent update to the Dogecoin Core software was announced, which is essential for performing several functions, such as participating in the network and verifying transactions.
In January 2024, it was announced that Dogecoin could be used to purchase Tesla cars “at some point,” according to Elon Musk.
Please note that the cryptocurrency market is volatile, and prices and news change quickly. Therefore, it is always advisable to check reliable sources before making any investment decisions.
El Salvador Increases Bitcoin Reserves El Salvador struck a $1.4 billion deal with the International Monetary Fund, keeping a reserve of 6,000 bitcoins. However, the price of bitcoin fell below $100,000 after the announcement.
It is worth noting that BNB is used as the base currency on the Binance platform, and is considered one of the largest digital currencies in terms of market capitalization.
In terms of technical analysis, experts have pointed out that BNB is following a “cup and handle” pattern, which could indicate the possibility of gains of over 200% in the coming weeks. $BNB
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. Influential Support: Elon Musk continues to publicly support Dogecoin, which boosts confidence in the currency and encourages new investors to enter the market. #DOGE
Potential technical improvements: There are ongoing discussions about improvements to the Dogecoin network to make it faster and less expensive, which could increase its appeal to users.
Foreign exchange markets (Forex): The US dollar has seen a significant recovery due to positive US economic data such as the Producer Price Index, which has pushed gold and oil prices lower. In contrast, European currencies such as the euro are facing pressure due to the division within the European Central Bank over interest rate cut policies. $BTC