LUNC News: Terra Luna Classic community gets a major contribution from the worlds largest crypto exchange Binance in LUNC burn campaign to reduce the supply. However, a post by a community associate at the crypto exchange sparked a buzz in the community indicating that the exchange also assists in the USTC revival plan.

A cryptic post on the X platform by Binance community associate Diana began a narrative that crypto exchange

is reportedly helping the Terra Luna Classic community in the USTC revival.

The post was shared by Mr Diamondhandz1, a popular community member and owner of LuncLive validator. He said the exchange is likely assisting the community in the USTC revival plan in addition to Binances monthly LUNC burn mechanism.

Binance has burned over 62 billion LUNC, accounting for 49% of the total tokens burned by the community. As per data, the community has burned more than 126 billion tokens. With USTC repeg plan in limbo, the community now depends upon Terraform Labs to burn USTC in their wallets and Luna Foundation Guard wallets.

Notably, Binance is also a holder of Terra Luna Classic ecosystem tokens. Former CEO Changpeng Zhao disclosed that the company invested $3 million in Terra (now Terra Luna Classic) and never moved or sold LUNC holdings.

Also Read: Terra Classic Staking Nears ATH As Dev Reveals Update, LUNC OI Rises

LUNC price jumped over 1% in the past 24 hours, with the price currently trading at $0.00007192. It pares earlier gains and failed to surpass the $0.000072 level, but the community remained upbeat about a massive upside momentum as the crypto market recovers.

The 24-hour low and high are $0.00007012 and $0.0000729, respectively. Meanwhile, trading volume decreased by 22%, indicating a lack of interest among traders.

Meanwhile, USTC price climbed by 0.50%, with the price now trading at $0.01608. The 24-hour low and high are $0.01579 and $0.01636, respectively. Trading volumes saw a 41% decline in the last 24 hours as traders remain uninterested amid uncertainties in the crypto market.

Also Read: Coinbase Ventures Buys 4.7 Million Tokens Of This Project Nansen

Visit link:

LUNC News: Binance Reportedly Assisting Terra Classic Community With USTC Revival - CoinGape

Bitcoin is moving sideways at press time, absorbing the wave of selling over the last week. Even though there are some optimists, the candlestick arrangement in the daily chart points to weakness.

This preview, at least from a technical angle, remains as long as prices trend below the round number of $60,000 and the liquidation level at around $66,000.

Binance Bought The Bitcoin Dip

Amid the recovery, one analyst, pointing to interesting on-chain data, observed that when prices fell last week, some unnamed exchanges were loading up the dip. It is now emerging that Binance, the worlds largest exchange by client count, was actively accumulating.

CryptoQuant data shows that Binance increased its reserves by 41,000 BTC over the last bear run when prices corrected from $72,000. Buying on dips is strategic, considering the exchanges obligation, especially for users seeking to convert other tokens for BTC on the fly instantaneously.

During this time, Ki Young Ju also noted that permanent holders, entities who tend to HODL and not move coins, have been accumulating. These addresses, excluding spot Bitcoin exchange-traded fund (ETF) issuers, exchanges like Binance and Coinbase, or miners, added 85,000 BTC in the last month. During this time, spot Bitcoin ETF issuers decreased their holding by 16,000 BTC.www.tradingview.com/x/3udoSZwJ

While some entities were scrambling for the exits, others saw this as an opportunity to double down, loading on every retracement. Their involvement has helped stabilize prices, improving sentiment shredded after last weeks dump to as low as $53,500.

German Government Offloading More BTC

Even as the diamond hands buy the dip, the German government is not stopping; looking at Arkham Intelligence data. Today, on July 11, they moved another 3,250 BTC, on top of the 5,627 sent earlier, to multiple market makers and exchanges, including Bitstamp.

Their decision to sell is heaping more pressure on the coin, slowing down the uptrend. Even amid sustained outflows from the German government, a Coingecko survey shows that most respondents, especially investors, are upbeat.

Meanwhile, traders and speculators have mixed sentiments. While 39% of traders are upbeat, expecting prices to recover, another 33.5% of those surveyed are bearish. Most speculators, or 42.4% of those surveyed, are bearish, expecting prices to continue tanking.

Original post:

Binance Bought A Whooping 41,000 BTC During The Dip: Did They Save The Bitcoin Market? - TradingView

The Cryptocurrency Market: Mixed Signals and Emerging Opportunities

The cryptocurrency market has been experiencing mixed signals in recent times. Similarly, Binance Coin (BNB) and Polkadot (DOT) are witnessing price declines potentially triggered by broader political uncertainties. Conversely, analysts are voicing optimism for Clandeno (CLD), a project currently conducting its Initial Coin Offering (ICO) which is garnering investors attention because of its promising decentralized e-commerce offering. Lets find out more.

Throughout this bull run, the Binance Coin (BNB) price has seen significant swings as buyers and sellers compete for dominance. For nearly the whole of last month, Binance Coin (BNB) fluctuated between $460 and $635. Moreover, the Binance Coin (BNB) price chart reveals that the coin dropped by over 10% after retesting the $600 zone after attaining an ATH.

Given that the bears were able to breach the $560 and $550 levels, Binance Coin (BNB) successfully dropped below $500 before beginning to reverse. If the market sustains a rebound, it could indicate strong demand, even at reduced prices. But to indicate that the correction is complete, bulls will need to push Binance Coin (BNB) above the $560 and $600 thresholds. Meanwhile, Binance Coin (BNB) investors are looking for reliable alternatives to diversify and Clandeno (CLD) makes the cut.

Funding for a game development project inside the Polkadot (DOT) ecosystem, Dot Play, has come from the Decentralized Futures Grant. Sponsored by the Web3 Foundation, this major project seeks to revolutionize the gaming sector using Polkadots (DOT) natural technological development to produce a complete gaming platform for game developers on Polkadot.

Dot Play will concentrate on the hottest game types and provide the required tools needed for developers to include their games on the Blockchain, with the main goal of building a gaming hub inside the Polkadot (DOT) ecosystem. They will also provide sustainable business development help so these games flourish over time. Amid this development, the revolutionary concept of Clandeno (CLD) in the e-commerce sector is also drawing in Pokadots investors.

Clandeno (CLD) is revolutionizing e-commerce with a creative distributed system that lets users buy and sell safely and transparently, thus eliminating the need for middlemen. Imagine a market where consumers have total control over their transactions free from outrageous fees and limited rules. Clandeno (CLD) is rendering this vision to life.

Meanwhile, both Binance Coin (BNB) and Polkadot (DOT) investors find the Clandeno (CLD) project promising, hence making moves to secure their slots in the presale. Moreover, being a presale participant will provide you with special advantages as well as the chance to help create a more democratic and inclusive global economy. Now is a perfect time to guarantee your place in the Clandeno (CLD) presale.

To find out more about the Clandeno presale, visit their website here

Read more here:

Binance Coin (BNB) and Polkadot (DOT) Drop as Political Uncertainty Grows, While Analysts Tip Clandeno (CLD) for Explosive Growth; Initial Coin...

In a remarkable turn of events, Binance Coin (BNB) has performed exceptionally well despite the legal hurdles faced by its parent company, Binance, and the recent resignation of its CEO. Binance Coin defied market trends to reach a new all-time high of $720.

Following this peak, BNB experienced a sharp decline, triggered by a bearish market sentiment and a significant drop in Bitcoins (BTC) value, which plummeted from $71,000 to $53,700. This downward trend affected the entire cryptocurrency market, causing widespread losses among altcoins.

However, the market sentiment has shifted from bearish to bullish. Bitcoin has begun its recovery, bouncing back strongly from its recent low, and this positive momentum is propelling altcoins, including BNB, to recover from their losses. BNB hit a recent low of $456 but is now on a recovery trajectory, poised for a significant upward climb.

At the time of writing, Binance Coin is trading at $518.35, with a 24-hour trading volume of $2.22 billion and a market cap of $76.50 billion. The Binance Coin price has increased by 1.33% in the last 24 hours, reflecting renewed investor confidence and market optimism.

Crypto analyst Crypto Yapper has shared an optimistic outlook on Binance Coins (BNB) price trajectory. Despite exiting its ascending channel, Binance Coin continues to maintain an upward trend. This resilience highlights the strong support the coin has found at the $495 level, a critical zone it has successfully reclaimed and is now trading above.

The significance of this support zone cannot be understated. The strong demand around this price point suggests a potential for significant gains, with Crypto Yapper projecting that BNB could surge to the $650-$850 range. This optimistic forecast aligns with market sentiments that view BNBs current position as a springboard for future growth.

Supporting this bullish outlook, Changellys latest Binance Coin price forecast predicts a 10.93% increase in value, potentially reaching $551.62 by July 09, 2024.

This projection is backed by Changellys technical indicators, which reveal a mixed yet cautiously optimistic market sentiment. Precisely, there is a 29% bullish outlook for BNB, although the Fear & Greed Index shows a score of 29, indicating prevailing market fear.

Related Reading | Solana Correction Nears Completion: Analyst Recommends DCA Strategy

Excerpt from:

Binance Coin (BNB) On The Recovery: Analyst Eyes $650 To $850 Range - TronWeekly

The potential for cryptocurrency to amass shrewd investors up to 100-1000x in pure profit is well established. As the most explosively lucrative asset class of 2024, new investors in the market routinely seek out gems that have monumental potential for rapid growth. Binance Coin (BNB) and Immutable X are two well-known cryptocurrencies that could exponentially rise in the upcoming months. However, investors looking for life-changing opportunities should instead gravitate towards the trendiest crypto sector in July: play-to-earn GameFi tokens.

Rollblock, the leading play-to-earn GameFi crypto, is emerging as a leading investment opportunity for 2024. The project boasts a comprehensive casino platform on the Ethereum blockchain, merging decentralized and centralized gaming experiences. With increasing interest and momentum, analysts anticipate that Rollblock could surge over 50% in the upcoming weeks.

Though Binance Coin boasts a massive market cap of $76 billion, a crypto analyst predicts that BNB could rise to $1000 in the future, roughly double Binance Coins current price.

As the bull cycle picks up steam, Binance Coin is likely to soar as the Binance exchange onboards new users.

Though Binance Coin recently experienced a minor crash, diminishing to $515 in July, this is considered standard volatility for Binance Coin provided the state of the market. According to experts BNB should recover in the next few weeks.

Loitering around $0.5-3 for the last 12 months, Immutable X has struggled since 2021.Though existing within the gaming sector, Immutable X is struggling to regain hype, with new investors seeking shiner gems instead of Immutable X.

Despite this, some crypto analysts are predicting a mini-resurgence for Immutable X for the imminent bull cycle. That being said, all gaming coins including Immutable X are expected to rally simultaneously in 2024-2025. As a result, Immutable X could see a recovery in Q3.

Rollblock, a novel Play-to-Earn GambleFi token, aims to bridge the gap between centralized and decentralized gambling ecosystems. Emphasizing transparency and trust, Rollblock utilizes blockchain technology to secure transactions, ensuring they are both traceable and immutable, thus significantly enhancing security.

Rollblock excels in accessibility, allowing users to engage with the platform without the typical barriers of online casinos. By eliminating the KYC process, Rollblock enables players to join quickly by connecting their cryptocurrency wallet or signing up with an email, thereby lowering entry barriers and attracting a wider audience.

Rollblocks innovative revenue-sharing model rewards its token holders and fosters long-term engagement. Each week, up to 30% of the platforms profits are allocated to RBLK holders. Half of this revenue is used to buy back tokens from the open market, reducing supply and increasing scarcity, which can boost the tokens value. The remaining half is distributed to RBLK stakers, providing additional rewards for their commitment. This model incentivizes holding and staking RBLK tokens, ensuring the tokens value appreciates over time.

Continuous buybacks and token burns create a deflationary effect, enhancing investor confidence, supporting price stability, and aligning the platforms financial success with community rewards. This strategic approach makes Rollblock an appealing investment choice.

Rollblock is also integrating sports betting into its platform, adding a new dimension to its extensive catalog of over 150 classic and new blockchain-based gaming titles. This strategic expansion aims to tap into the booming sports betting market, attracting more users to the platform. This move is expected to see a surge of new users to the platform, increasing its overall value in the process.

Currently, in stage 3 of the presale, Rollblock is trading at $0.0154. With a fixed supply of 1 billion RBLK and 60% reserved for the presale, analysts predict an over 800% rise in value before the presale concludes. Experts foresee potential 50x returns in 2024, potentially catapulting RBLK into the worlds top 100 cryptocurrencies as the worlds pioneering GameFi crypto for the upcoming bull cycle.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Continued here:

BNB Price Prediction: Binance Coin To Break $1000 In 2024, Immutable (IMX) Holders Hedge Uncertainty With This Crypto As It Surges Over 50% - NewsBTC

The leading crypto exchange, Binance, is making headlines with its plan to sell its stake in the South Korean crypto exchange GOPAX. According to a recent report, the exchange aims to sell its 72.6% stake in GOPAX to MegaZone, the parent company of MegaZone Cloud. Notably, this move comes as part of the exchanges effort to restructure its governance to meet regulatory requirements.

Binance, one of the top crypto exchanges, is negotiating the sale of its GOPAX shares to MegaZone, significantly reducing its stake to around 10%. Notably, this decision is driven by the need to comply with the Financial Services Commissions request to change the largest shareholder and improve governance.

Meanwhile, the crypto exchanges acquisition of a 72.26% stake in GOPAX last year faced delays in approval from financial authorities, necessitating this strategic move. An industry insider commented, Binance is pushing for the sale to improve its governance structure as requested by financial authorities to process a change report ahead of the renewal of its real-name account contract with Jeonbuk Bank in August, the translated version of the report showed.

Meanwhile, the financial authorities have withheld a decision on the exchanges report for over a year, prompting this sale to facilitate regulatory approval. Last year, BF Labs, a domestic KOSDAQ-listed company, acquired an 8.55% stake in Streami, GOPAXs operator, becoming the second-largest shareholder.

However, their attempt to increase their stake further failed due to funding issues. Now, MegaZone emerges as a potential key player in resolving its regulatory challenges.

Also Read: Coinbase Ventures Buys 4.7 Million Tokens Of This Project

The sale of GOPAX shares is crucial for Binance and GOPAX to maintain their status as a won exchange. The real-name account renewal contract with Jeonbuk Bank, due on August 11, requires the exchange to restructure its governance and secure financial authorities approval. GOPAXs current state of complete capital erosion adds urgency to this situation.

Meanwhile, the crypto exchange had agreed to pay off GOPAXs 56 billion won debt incurred from FTXs bankruptcy in 2022, conditional on regulatory approval for its entry. However, the authorities, have not accepted the report for over a year, and the inflow of funds has been delayed.

With Bitcoin prices rising, GOPAXs debt has doubled to 118.4 billion won as of April this year. Meanwhile, the report cited a MegaZone official stating:

We are discussing various forms of collaboration, including equity acquisition, subject to government approval.

The discussions are ongoing, and the specifics of the process and timing remain undecided. Meanwhile, this sale represents a significant move for Binance as it navigates regulatory landscapes and seeks to solidify its position in the South Korean market.

Also Read: John Deaton Vows To Expose Senate Warrens Hypocrisy On Anti-Crypto Bill

See the article here:

Just-In: Binance Plans Selling Its GOPAX Stakes To MegaZone - CoinGape

Rep. Rich McCormick has urged the US government to declare Binance executive Tigran Gambaryan a hostage if he is not released from the Nigerian government by mid-July. Nigerian courts take a recess until September from mid-July, which will leave Gambaryan locked up for longer than anticipated if his case does not conclude in a few days. He has remained arrested in Nigerias infamous Kuje Prison since February.

In a resolution brought to the House Committee on Foreign Affairs, Rep McCormick urged the US government to utilize all resources available to secure the release of Tigran Gambaryan, and to raise the case of Tigran and press for his immediate release in all interactions with the Government of Nigeria.

McCormicks concerns now revolve around Gambaryans extended stay if not released before mid-July, which seems highly likely. If Tigrans case is not resolved by mid-July, he may remain in detention for an even longer undue period of time, he expressed in the resolution.

It also stated that the Nigerian government is wrongfully detaining Tigran Gambaryan in order to extort Binance. Gambaryans troubles began when he visited Nigeria for the second time this year in February upon invitation from the government to settle its issues with Binance revolving around money laundering and tax evasion. The negotiations turned hostile, leading to his detainment alongside another Binance executive, Nadeem Anjarwalla.

Anjarwalla managed to escape prison and Nigeria. Gambaryan was left behind and remains in Kuje Prison amidst members of the terrorist outfit Boko Haram and other notorious criminals. His health has spiraled in prisonhe contracted malaria and double pneumonia. Rep. French Hill and Rep. Chrissy Houlahan visited Gambaryan in the Nigerian prison and stated that he was suffering.

Officials at Kuje Prison have refused to release his medical records to his lawyers or family despite the court asking them to do so.

See original here:

US Representative Asks Government to Classify Binance Executive as Hostage If Not Released by Nigeria Soon - Live Bitcoin News

A wallet belonging to Jeffrey "Machi Big Brother" Huang moved all its BLUR, roughly $3.1 million, over to centralized crypto exchange Binance early this morning, according to onchain data.

Earlier this morningamid the apparent selling on BinanceBLUR dropped as low as $0.1596. It's since recovered slightly; at the time of writing, BLUR is trading for $0.1621, down 7.2% on the day, per data from CoinGecko.

BLUR is the native token of the Blur NFT trading and lending marketplace, which launched in 2022 with backing from crypto venture capital heavyweight Paradigm. At one point, Blur accounted for at least 62% of all NFT trading volume, according to DappRadar.

But it's since seen activity on its platform take a big dive. The NFT marketplace has also become a controversial player in the NFT space, drawing fire for a model that critics say incentivizes traders to flip their NFTs.

Huang isn't one of the Blur founders or executives, but he has been one of the largest lenders on the platform. He did not immediately responded to a request for comment from Decrypt.

Huang's wallet movements were flagged on SpotonChain and appear to match up with the entity profile that blockchain analytics platform Arkham Intelligence has compiled for Machi. But the transfers probably weren't a complete surprise for the NFT platform's community.

Just last week, Huang was chatting on the Blur DAO Discord server about growing unrest over the token's falling price as users questioned its value. In the past month alone, BLUR has fallen 52% from $0.34, according to CoinGecko data.

In one message, Huang appeared to be looking for clarification on how the BLUR airdrop had been divvied up among farmers, holders, and how much had been reserved for governance.

In a response to his message, another community member advised him to sell his BLUR tokens to buy BLAST tokens instead.

"Makes complete sense at this moment $blur is higher mc than $blast," they added. Huang's response: "I thought about it."

Blast is an Ethereum layer-2 network launched by Blur founder Tieshun Roquerre, who goes by Pacman online. The main draw of Blast is that it offers "native yield for Ethereum and stablecoins, letting usersstake (or lock up) their funds in the network to earn an interest-like return.

The two projects aren't related, other than sharing a founder. But Blur users have complained that the NFT marketplace and its tokenholders have seemed at times to be an afterthought.

A few hours later, on the Blur Discord server, Huang sent a message saying he was having trouble withdrawing his staked BLUR tokens. He came back 20 minutes later to say that a link shared by a moderator had worked. That was the latest message he sent on the server on July 5.

More here:

Blur Plunges 7% After Machi Big Brother Transfers All His Tokens to Binance - Decrypt

Today, Binance, the worlds largest crypto exchange, announced its support for the $RNDR token swap to $RENDER, with a 1:1 conversion ratio.

This development solidifies $RENDER as a true Solana ecosystem coin, potentially setting the stage for significant growth with Solana Breakpoint as a major catalyst.

This move aligns $RENDER with other leading crypto exchanges, as Binance joins Coinbase and OKX in supporting the token. This widespread exchange support underscores the growing importance of $RENDER in the cryptocurrency market.

On-chain reports highlight a notable activity involving a prominent whale with a 100% winning rate over the past three months with $PEPE. Two hours ago, this whale deposited 84,465 RNDR tokens into Binance, which were originally acquired in March this year. If sold, this transaction would result in a loss of $448,000.

Interestingly, this whale has a history of trading $RNDR in various bands. From February 2024 to the present, they have executed five trades with a winning rate of 60%. However, despite some profitable trades, the cumulative loss stands at $276,000, mainly due to recent losses. Prior to these setbacks, the whale had accumulated total profits of $170,000.

The support from major exchanges like Binance, combined with significant market activities, positions $RENDER for potential growth within the Solana ecosystem. As $RENDER gains more traction and visibility, its role in the DeFi space could expand, offering more opportunities for traders and investors alike.

Overall, the token swap from $RNDR to $RENDER and the support from leading exchanges mark a pivotal moment for $RENDER, enhancing its liquidity and integration within the Solana ecosystem. As the market evolves, $RENDERs strengthened position could drive further adoption and utilization in the crypto community.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter@nulltxnewsto stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, andMetaverse news!

Image Source: panuwatsikham/123RF// Image Effects byColorcinch

Follow this link:

Binance Supports $RNDR To $RENDER Token Swap, Solidifying $RENDER's Position In The Solana Ecosystem - NullTX

Global crypto trading is only just beginning to take off, as a study from CoinWire predicts that industry trading volume will exceed $108 trillion by the end of 2024.

The study revealed that the end-of-year estimate is 90% higher than in 2022. The United States leads with the highest projected crypto trading volume for the year, surpassing $2 trillion.

While the US may lead in crypto trading volume, Europe leads the market in global cryptocurrency transaction value, accounting for 37.32%.

Europe is one of the most proactive regions in the world when it comes to defining its cryptocurrency industry through regulations. These regulations are designed to help lawmakers understand financial technology and provide traders and exchanges with clear guidelines for navigating the market.

The European Unions landmark Markets in Crypto-Assets Regulation came into partial effecton June 30, focusing on stablecoins. In December, additional regulations for crypto asset service providers are set to come into effect.

This legislative framework, which has been in the works since 2020, is the EUs first set of uniform market rules for crypto assets.

Related: EU elections 2024: Pro-crypto parties pick up seats amid Green losses

The survey expects Europes cryptocurrency trading volume to hit $40.5 trillion in 2024, a 2.7-fold increase from its $15 trillion in 2022.

Asia ranks second with 36.17% of the worlds cryptocurrency transaction value.

The conclusions found in the study were made by analyzing centralized exchanges with trust scores higher than six on CoinGecko based on web traffic by country, supported languages, headquarters location and trading time zones.

Another finding revealed that Binance dominates in over 100 countries worldwide in the crypto exchange market, with a trading volume of $2.77 trillion. Binance.US was also dominant in the same number of countries, although it has a lower trading volume of $3.9 billion.

According to the study, this makes Binance the most widely used exchange worldwide. On July 5, the exchangecelebrated its seventh anniversary and the milestone of reaching 200 million users worldwide.

Following Binance are OKX and Cex.io, with a presence in 93 and 92 countries, respectively, and trading volumes of $759 billion and $1.83 billion.

Coinbase and Bybit operate in 90 and 87 countries, respectively, and their trading volumes are $662 billion and $1.14 trillion.

Magazine: Decade after Ethereum ICO: Blockchain forensics end double-spending debate

See the article here:

Crypto trading volume to exceed $108T in 2024, with Europe in the lead - Cointelegraph