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The coolest thing about torrenting site ThePirateBay is that it really does operate like a pirate ship. When one jurisdiction forces it offline, it pops back up under a different domain.

At least in one point in time, ThePirateBay itself didnt own any actual servers. Its operators instead chose to spread the sites functionality across 21 virtual machines hosted around the world by various commercial cloud providers.

If one of the hosts pulled out, those virtual machines could be easily deployed to a different provider. More importantly, though, it meant there were no physical servers for police to seize.

And besides, the virtual server structure meant the actual cloud hosts keeping ThePirateBay online were unaware they were even hosting the torrenting portal further insulating it against police.

Binance has operated under similar mystique. For the longest time, the company had claimed to have no headquarters, something new CEO Richard Teng walked back after taking over from founder and CEO Changpeng Zhao, whos currently serving a four-month prison sentence in California.

Like ThePirateBay, Binance bounced between jurisdictions for years, from China to Japan and Malta, before all three eventually pushed the exchange to mosey on somewhere else. Dubai is currently tipped as the next potential destination to dock, although there hasnt yet been any official announcement.

All this might explain why the SEC was so eager to cut Binance off from its primary stablecoin provider, the New York-headquartered Paxos, by threatening to take it to court to prove that BUSD was an unregistered security.

And that really worked: BUSD was the seventh largest cryptocurrency by market cap, worth $16.1 billion, before the SEC sent its Wells notice to Paxos in February 2023. Paxos stopped minting new tokens and over the next month, BUSD holders redeemed about half the supply. By January this year, there was only $100 million in circulation.

But while the US has seemingly thrown anything that might stick at Binance and Zhao, there appears to have been little impact on Binance user activity.

After collating the exchanges monthly proof of reserves disclosures, its clear that Binance hasnt skipped a beat, at least in terms of user capital on the platform.

Binance disclosed $115 billion in user funds at the start of July, up from $61 billion one year ago, and $45.6 billion when reports first surfaced of a years-long DOJ investigation in December 2022.

Other stablecoins including TrueUSD, USDT and FDUSD plugged the gap left after Paxos wound down BUSD, with the latter two headquartered outside the US. TrueUSD meanwhile fell out of favor, leading to a number of delistings earlier this year.

In any case, as Zhao waits out the rest of his sentence, the makeup of user funds on the platform is morphing, with the data indicating that the general consensus is to hold.

Bitcoin made up 18% of user funds in December 2022 now its over one-third. Similarly, BNB went from 14% to 20%, while ETH has stayed largely unchanged at about 14%, presumably on account of lackluster price growth compared to bitcoin and BNB.

The real tell is that only one-fifth of all user funds on the platform are currently stablecoins $24.4 billion down from more than half before Zhaos troubles really began. That means 80% of Binance user funds are held in non-dollar-pegged crypto assets.

Clearly, users are confident after the SEC and DOJs actions, not only that everything at Binance is above board, but that prices will rise from here.

David Canellis

Paxos is getting off scot-free after the SEC said it wouldnt pursue legal action against the company.

Lets back up for a second. The SEC issued Paxos a Wells notice last February. This came, obviously, before the SECs case against Binance in June.

I mention this because the SEC, in its complaint against Binance, alleged that BUSD was a security.

Thereve been some interesting developments in that case as well.

Last month, Judge Amy Berman Jackson the judge overseeing the Binance case ruled against a motion to dismiss filed by Binance and its US entities. However, there were a few curveballs hidden in her ruling.

Jackson wrote that the SEC didnt plausibly allege that BUSD was offered and sold as an investment contract.

The SEC makes the vague assertion that Binance used at least a portion of those returns to enable and promote the Binance ecosystem, which it says gave BUSD its potential profit, but it does not explicitly link the value of the token which was tied to the US dollar to the success of the platform, she said.

The SEC, at the hearing on the motion to dismiss, also tried to argue that it wasnt claiming BUSD by itself was a security but rather that it was sold as a package that promoted a profit-making program.

Judge Jackson, in denying the charge regarding BUSD sales, clearly decided that there wasnt enough to support the claims.

Unfortunately, the BUSD of it all is a bit of a moot point, given that Paxos quickly shut down its Binance partnership and stopped issuing the stablecoin in late February of last year.

But theres no doubt the SEC dropping the investigation is a win for Paxos.

Paxos Trust Company has always maintained that its USD-backed stablecoins are not securities under federal securities laws and that the Wells Notice was unwarranted and unjustified, the company said in a statement.

Does this mean that the SEC is potentially abandoning the ability to label stablecoins as a security?

The SECs decision to not bring an enforcement action against Paxos signals that it may consider that USD-backed stablecoins are not securities. If the question of whether stablecoins are securities is definitively answered, the SEC would provide a necessary degree of regulatory certainty to this asset class, said David Oliwenstein, partner at Pillsbury Law.

But others say its still unclear. Right now, theres too little information to read deep into that scenario confidently.

The declination letter is a significant victory for Paxos and what should be viewed as encouraging to the industry, even though it doesnt establish with any certainty that any specific type of stablecoin is or is not a security, Andrew Hinkes, partner at K&L Gates, said.

If you wanted to look on the positive side, then one might even think the SEC was somehow being thoughtful in its approach to regulating the industry. Or maybe its just acknowledging that BUSD is DOA at this point.

Either way, its Friday.

Katherine Ross

Taking a page from the Gensler playbook?

That was the impression I couldnt quite shake whilst following Rostin Behnams testimony yesterday before Congress.

According to Fox Business Eleanor Terrett, the CFTC chief reportedly said that 70-to-80% of the crypto market comprises non-securities. A bold statement, and suggestive of the idea that theyre commodities instead and thus under the agencys purview. Behnam might also be signaling that the CFTC is basing this reasoning on market capitalization, with BTC and ETH comprising the bulk of the pie.

Sound familiar? That kind of expansive terrain-charting is reminiscent of Genslers frequent citation that most of the crypto market consists of, well, securities a declaration that would make it largely the SECs beat instead.

Its certainly curious of Behnam to make such statements, especially as if some Congress has its way the two agencies will be required to join forces in some areas on crypto oversight.

Perhaps the jockeying for position, and money, has already begun.

Michael McSweeney

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Empire Newsletter: What the SEC dropping its Paxos probe really means - Blockworks

Major coins in the cryptocurrency market are still experiencing their bearish phase. For example, Binance Coin (BNB) and Solana (SOL) have seen sharp declines in value during the last seven days.

Meanwhile, a new cryptocurrency is making headlines. Analysts believe it could experience significant growth in Q3, having already raised over $1 million in less than two months. The project? Rollblock.

Rollblock is an online casino built on the Ethereum blockchain. It combines features from centralized and decentralized gambling platforms to offer a unique GambleFi experience. According to experts, its utility token, $RBLK, is expected to soar by 720% during its presale alone!

Solanas (SOL) price was in an uptrend on 2nd July, reaching a peak of $154.60. Nonetheless, the next day it crashed to $131 thereafter before recovering to $140 on 9th July. According to charts, Solanas stance has moved from bullish to bearish over the past month, and experts believe additional decreases are on the way.

Some experts are optimistic that due to institutional adoption, forthcoming upgrades and innovative features, Solana could go as high as $2,000 in 2024. With a potential Solana ETF on the way, all eyes are on the altcoin, though its value continues to fluctuate, making Solana a somewhat risky investment.

Over the last 30 days, Binance Coin (BNB), the native token of Binance Smart Chain (BSC), has dropped by 23.9%. However, Binance Coin investors remain confident in the projects growth, with many predicting that it could hit a new all-time high in Q3.

Several factors could influence this growth, including an influx of new investors, an increase of users on the Binance exchange, and confidence in Binance Coin. Although Binance Coin is currently facing bearish trends, the project has a strong foundation that could easily see Binance Coin recover during the next bull run.

Rollblock (RBLK) is one of the first community-backed GambleFi casinos. It uses blockchain technology to solve many problems associated with traditional centralized casinos.

By harnessing the immutable nature of blockchain technology, Rollblock offers greater security and transparency. All transactions are recorded on the Ethereum blockchain, and bets cannot be altered once placed.

Rollblock also offers an improved sign-up process which lets users enter the casino without having to go through Know Your Customer (KYC) verification. This enhances confidentiality and also makes it easier for many people to join.

Rollblocks native token, RBLK, is used for rewards throughout the casino. Furthermore, it can be staked for industry leading returns and grants holders access to Rollblocks revenue share model. Rollblock is one of the only GambleFi casinos to share its revenue with token holders, who will be granted a share in up to 30% of the platforms revenue.

To share revenue, Rollblock will buy $RBLK tokens from the open market. Half of the tokens it buys are permanently burned, and the remaining half are used as staking rewards. By burning tokens, Rollblock creates token scarcity, driving up the price of tokens held by investors.

According to experts, Rollblock could disrupt the $450 billion gambling market in just a few years. The project is currently in stage 3 of its presale, and $RBLK tokens are available for $0.0154. However, with tokens selling out fast, analysts dont think it will stay at this price for long.

Over the next few months Rollblock plans to add several new features to its ecosystem. These include sports betting, which is predicted to become a massive hit amongst the Rollblock user base. Currently, over 5,000 investors have signed up for the platform, which is already live and has all required licensing.

Given its potential, experts believe that $RBLK could see a massive 100x rally before the end of 2024. With early investors already enjoying returns of 54%, this is a huge opportunity for altcoin investors to maximize their returns and recover from recent bearish trends.

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.

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Can Solana (SOL) and Binance Coin (BNB) Hit $2000 This Bull Run? Rollblock Presale Sees Record Day As Momentum Keeps Building - NewsBTC

An additional 2% gain in the past 24 hours has sustained BNBs bulls in the latest recovery. While it traded in a green zone over the past few days, the trend remains bearish daily with no signs of reversal yet.

Breaking lower this month, BNB found support after rejecting the $455 low a week ago. It bounced back and it is now trading at a resistance of $536 the May support level that flipped during last weeks crackdown.

The price appeared strong on the day despite a slight rejection but the bulls commitment seemed not enough to push through the resistance. An increase above this resistance could allow recovery to Junes low.

But looking at the market structure, which still reveals a downtrend, BNB may break lower soon. If this scenario occurs, the recent monthly low may be revisited with a potential breakdown.

While such a setup is capable of causing more pain in the market, it should provide a huge discount for buying from a long-term perspective.

Meanwhile, the bulls are still much more formidable with an attempt to scale through the current trading resistance level mentioned above. If they successfully conquer this resistance level, a bigger price movement can be expected in the future.

Above this holding resistance lies a key resistance level of $560 Junes low. A push above it could bring more recovery to the $587 level and potentially $614.4.

Considering the existing bearish market condition, the price may roll back to the $508 and $471 support levels if the bears step back. A breakdown at $455 could bring the price to minor support of $440 before testing the main $428 support level.

Key Resistance Levels: $560, $587, $614.4

Key Support Levels: $508, $471, $455

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

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Originally posted here:

BINANCE COIN PRICE ANALYSIS & PREDICTION (July 11) BNB Meets Resistance After A Week Recovery, Incoming Drops? - NullTX

Binance continues to defend its heft as the largest crypto trading platform by trading volume metrics globally. As the exchange turns seven, reports indicate that its Bitcoin (BTC) holdings continue to grow.

Centralized exchanges such as Binance and Coinbase facilitate the buying, selling, and trading of cryptocurrencies, acting as intermediaries between buyers and sellers.

CryptoQuant founder and CEO Ki Young Ju reports that Binance Exchanges Bitcoin holdings have increased by 10% since early 2024. The opposite happened for other exchanges, whose BTC holdings plummeted by 8%.

Read More: Binance Review 2024: Is It the Right Crypto Exchange for You?

The report comes as Binance announced its seventh anniversary on Wednesday with a new limited-time referral promotion. Eligible users will share up to 700 BNB in token vouchers.

When the user (referrer) successfully invites a new Binance user, the referrer will receive a 0.01 BNB token voucher and the new user will receive a 0.005 BNB token voucher.

Despite these milestones, Binance recently faced regulatory woes with authorities from different jurisdictions. For instance, the US Securities and Exchange Commission (SEC), among others, clamped down against the trading platform for allegedly artificially inflating trading volumes.

Through thirteen charges, we allege that Binance CEO Changpeng Zhao and Binance entities engaged in an extensive web of deception. Conflicts of interest, lack of disclosure, and calculated evasion of the law are some of the other crimes, SEC Chair Gary Gensler wrote.

The financial regulator also called Binance out for diverting customer funds and failing to restrict US customers from its platform. It reportedly also misled investors about its market surveillance controls.Meanwhile, others cited violations, including enabling the trading of crypto tokens deemed securities.

Conversely, Coinbase, the largest US-based crypto exchange on trading volume metrics, is among exchanges whose Bitcoin holdings have dwindled. This is particularly interesting given that Coinbase has a competitive edge by being the custodian for most spot Bitcoin ETF (exchange-traded funds) issuers in the US. However, Tolou Capital Management founder Spencer Hakimian says Coinbases role among ETF issuers could be the problem.

Many ETFs within the US likely hurting Coinbases target market. Less so for Binance, Hakimian wrote.

Read More: Coinbase Review 2024: The Best Crypto Exchange for Beginners?

The advent of spot ETFs in the US solidified Coinbases case, with its CEO Brian Armstrongtrumpeting the exchange. Lawyer John E. Deaton,a prominent XRP advocate, echoed Armstrong. He acknowledged that Coinbase will be a big winner as the exchange stood at the center of the ETF campaign.

Coinbase will be a big winner. I expect to see BlackRock and Vanguard buy more. By the way, 90% of Gary Genslers $120 million fortune is with Vanguard, Deaton remarked.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.

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Binance Marks Its Seventh Anniversary with 10% Bitcoin Holdings Growth - BeInCrypto

XRP is starting to recover after bouncing off $0.405 on July 5, suggesting the early stages of a rebound may be brewing. The crypto market has been volatile lately, and XRP hasnt been spared. The cryptos price took a dip recently, dropping below $0.40 for the first time in over a year. It is interesting to note that on-chain data suggests that some whales may be accumulating in anticipation of a major comeback, which may even be responsible for the bounce off of $0.40.

Various on-chain data has shown large XRP transactions in the past few weeks to and from exchanges, suggesting some whales might be taking advantage of the dip to accumulate more tokens. Particularly, recent transaction alerts from Whale Alerts on social media platform X noted a recent transfer of 52.1 million XRP tokens worth $22.7 million from crypto exchange Binance into an unknown wallet.

The details of this $22 million XRP transaction are pretty fascinating and transfers like this are worth paying attention to as they can either increase or decrease buying and selling pressure. In this case, the movement away from Binance suggests a decrease in selling pressure on the exchange.

Interestingly, on-chain data shows that this wasnt an isolated transaction. Data shows a similar transaction occurred over the weekend, which saw the movement of 31.9 million XRP tokens from Binance into an unknown wallet. At the time of transfer, these tokens were worth $14.22 million.Furthermore, the blockchain analytics engine Blockchainalso revealed the transfer of 10 million XRP tokens worth $4.2 million from Binance into another unknown wallet.

At the time of writing, XRP is trading at $0.434. If the bulls regain control, the first minor resistance is at $0.45 and the next key resistance level to watch is around $0.50. Punching through that could open the floodgates for a rally towards $0.70 or even the $0.80 mark.

To fuel that kind of upside, XRP would need to see a surge in trading volume and buying pressure from both retail and institutional investors. Positive news from Ripples ongoing legal battle with the SEC could be a major catalyst. An outright win or settlement would remove a huge cloud of uncertainty hanging over XRP.

On the flip side, if the bears maintain their grip, the first support level to watch is around $0.40. This is because XRP recently bounced off $0.40 after an intense selloff last week. A break below that could see XRP tumble towards another support at $0.3750.

Featured image created with Dall.E, chart from Tradingview.com

Here is the original post:

Crypto Whales Buy The Dip As $22 Million In XRP Flows Out Of Binance - NewsBTC

Last weeks market analysis revealed that exchange tokens, particularly Binance Coin (BNB), have been quite volatile for the last 24 hours, though they have been bearish. Todays price of BNB is $521, which is 2.66% down from the last 7 days chart pattern. The market capitalization is also failing to catch up along with other top crypto tokens. Yet, trading volume shows a good amount of activity while the price is low. In these movements, traders wait to enter longs, hoping for a bounce back to the up trendline. On the same note, while 5thScape is building up anticipation, it offers its forecast of growing beyond $0.5 to help light up the crypto space.

The 5thScape project is all about exciting VR entertainment experiences. It has an all-in-one library of VR games, VR movies, learning materials, and so much more that is yet to be added to the platform. It is built on a secure Ethereum-based blockchain, which is secure and transparent for all the 5thScape users.

The projects development team constantly updates its VR content options and is working on adding augmented reality (AR) features to its platform. Its gaming content zone recently got a new addition with Cage of Conquest, an MMA fighter game now available on the MetaQuest platform.

>>Click Here To Visit 5thScape Presale Page

Thrust Hunter, Archery Master, and Epic Cricket Arena are some of its other games that will launch on the platform in the coming months as the platform grows. This will attract a ton of gamers to the 5thScape platform who want to experience immersive gaming through VR technology.

More than 41,000 people, including crypto investors and passionate online gamers, have already joined the 5thScape community through their official Telegram Channel and X platform handle.

The 5SCAPE native utility token of the 5thScape platform allows users to access any VR content of their choice. This utility token brings you hundreds of VR experiences at your fingertips with ease. It can also be used to purchase in-game content and upgrades present on the 5thScape librarys games. Aside from this, the 5SCAPE token can also be locked up to receive staking rewards with up to 365% APY.

5SCAPE truly serves multiple utilities. However, its main job is to give users access to 5thScapes growing VR content library. This ties the 5SCAPE tokens value directly to the growing VR sector. As VR technology increases its user base on a global scale, it is creating a strong need for high-quality VR-compatible content that can be easily accessed by new users. The 5thScape platform solves this exact problem while making its VR experiences easy to access through the 5SCAPE token.

Currently, investors and entertainment buffs can purchase the 5SCAPE token at an affordable price before the project officially gets listed on top crypto exchange platforms. Its price will grow exponentially after its official market debut. As of now, the tokens price is increasing by 15% after each presale round, and the demand for 5thScapes VR suite is already high. The presale has managed to touch nearly $7 million in its 6th stage, with 6 more rounds to go. The 5SCAPE token will have a $50 million market capitalization after its listing, making 5thScape the crowned leader in the virtual reality crypto space.

Those who are planning to buy the 5SCAPE token at its current presale round can expect to receive up to 200% profits after the completion of the presale. Also, investing in the 5SCAPE token will make them eligible to get a free lifetime membership to the 5thScape VR content library and a 50% discount coupon for 5thScapes physical VR accessories. This offer is applicable on any investment amount above $500.

Binance Coin (BNB), the native crypto coin of the Binance crypto exchange platform, is an evergreen investment option, as it should be. Binance is the worlds largest and every crypto investors favorite crypto trading and investment platform, and BNB is its lifeblood token. The token faced market volatility in the first week of July. However, this could have presented a great chance for investors to buy this token during the dip. Since BNB is in the 4th place on the list of crypto tokens due to its market capitalization, it is a worthy investment and can easily battle any market volatility.

The 5thScape project is also in a perfect position for a profitable investment right now, with its early presale success and strong confidence in the project by the crypto investors. VR technology will continue to grow until it becomes a household staple. 5thScape, having its significant market edge as the only platform to offer such a diverse VR experience, has the potential to keep its growth momentum growing.

Early investors of the project will benefit the most from the 5thScape platforms growth trajectory. So, dont miss on its presale offer and add 5SCAPE tokens to your crypto portfolio now. Investors can use their existing BNB token holdings to purchase 5SCAPE tokens. Other key crypto tokens that can be used for an exchange are MATIC and ETH.

Read more:

Binance Coin Price Prediction: Grab the Dip Now Before Prices Bounce! 5thScape Set to Soar Past $0.5! - Coinfomania

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

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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.

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