It is clear that after Trump took office, the liquidity and dividends in the crypto space began to shift. At first, everyone thought that Trump's presidency would be a blessing, but it turned out to be just a change of place to continue making money.
Now it is obvious that in the crypto space, there is only BTC and everything else. The liquidity of altcoins is basically PVP, and on-chain calls are just about making money from those who take the bait.
In summary: Hold onto your BTC, aim for 1 million per coin!~
Bruce@HK
I had a conversation with an old OG who is studying at Stanford, and he shared some very interesting points, marking them down:
1. He believes that Circle has already peaked in the short term, and this price increase was mainly driven by call options. The implied volatility (IV) has already started to decline, which means that a shorting opportunity may have arisen (not investment advice).
2. In the crypto space, borrowing money is absolutely a no-go, especially when leverage blows up. Borrowing money is just continuing to gamble, and sooner or later, you will lose everything.
3. Many people in the crypto space who lend money to others can’t get it back, can’t sue, and are afraid to report it to the police because the main assets are stablecoins, there are no contracts, and there’s no legal support. They are more afraid of getting into bigger trouble, so they often just accept their misfortune.
4. In the future, the crypto space will be a combination of spot Bitcoin + mainstream contracts + crypto ETFs + crypto stocks. Altcoins will no longer be played; on-chain, it will be all robots, with very few real people.
5. Valuable assets will be the Top 10 coins + US stocks; everything else is a scam. Mainstream coins are purely speculative, and those small-cap altcoins are just providing liquidity for others to exit.
6. He is not very optimistic about tokenized stocks either; the model of tokenized stocks is too similar to that of offshore brokers. The only way to play with tokenized stocks is to pair them with DeFi for APY, which does not align with the needs of stock players.
7. There is still a significant difference between stablecoins and banks. Stablecoin holders in the crypto space need fixed income. If you have stablecoins, it’s easy to understand the need for fixed income, but if you have stablecoins and BTC, wanting to play stocks means you are not in the same group anymore.
8. I feel that every round of narratives is draining liquidity from the crypto space; only ETFs have increased BTC liquidity (it’s hard to say if ETH has increased). The speed of draining is greater than the speed of stablecoin issuance in the crypto space, and much of the stablecoin issuance is used outside the crypto space.
9. Bn's current thinking is not fundamentally different from pump and dump schemes. Whether it’s Bn’s own equity or BNB, they are targeting holders and alpha, all to maximize exit liquidity, which is draining ecosystem liquidity.
10. Stablecoin companies earn from interest rate spreads, not transaction fees. So while they play the role of Visa, they actually profit from a bank's business model. Traditional Visa earns from transaction fees, while banks earn from interest rate spreads. Therefore, there is indeed a differentiation in business models, which is why Visa welcomes stablecoins, but the banking industry does not, because stablecoin companies are essentially taking away banks' income.
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Paguinfo
Noya Hacked Fund movement
Now out of $233K, $50K has been moved to
Hacker used Stargate a few times to other addresses
and the final destination wallet has some other funds too
I think this one is dumbest hacker I've ever seen so far
@NetworkNoya @OptimisticOmni @hackenclub @code4rena @KaitoAI
Paguinfo
Noya hacking incident update again
The stolen fund on 0x1b4d8f8cffcb01635671cc8faee5542be51f9832 ETH network has been bridged to BNB chain then transferred to
the same wallet 0x1b...9832 also sent BNB gas fee
@NetworkNoya @OptimisticOmni @hackenclub @code4rena @KaitoAI
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Johnking🔆🍪
What is the true InfoFi project? It's Bubblemaps.
As I mentioned last time, @bubblemaps intuitively shows the relationship between token distribution and wallets through bubbles and connecting lines, helping you quickly check the concentration of distribution and circulation risks before investing.
I think it might be the project that is closest to the recent InfoFi meta!
Everyone knows that the utility token of this Bubblemaps ecosystem is $BMT, right?
When I posted last time, the price was $0.118, but now it has risen to $0.14!
Instead of just talking, I should have bought some $BMT 😂
Why is Bubblemaps and $BMT on the rise even in this bad market?
Let's briefly analyze the reasons for the rise:
1⃣ Launch of the advanced @bubblemaps V2 platform
2⃣ Powerful new features of Magic Nodes and Time Travel
3⃣ Ecosystem expansion through integration with various chains
- Solana, BNB Chain, Sonic, TON, ApeChain, Omnichain
4⃣ Integration with Jupiter Exchange
5⃣ Various product integrations planned, including centralized exchanges (CEX)
With these reasons for the rise, the price has increased by over 50% in the last 30 days, and the daily trading volume has averaged over $50 million, with a maximum of $150 million traded at one point.
Especially, it is being traded most actively on Binance.
The number of holders has increased by 30% during the same period, and it continues to grow steadily every day.
Overall, it seems that interest and inflow towards $BMT in the market are continuously increasing!
I think @bubblemaps is still undervalued compared to other InfoFi projects!
I will keep an eye on it while talking! 😉
Happy Bubble Day, everyone! 💕
Johnking🔆🍪
The recent growth of Info-fi projects like @KaitoAI, @virtuals_io, and @cookiedotfun is quite impressive.
I think we also need to keep an eye on @bubblemaps, which can be considered a true Info-fi in a sense.
Simply put, Bubble Maps is an on-chain data tool that visualizes existing blockchain information in an easy-to-understand bubble chart.
Tokens like $Kaito and $Cookie, as well as $BMT, are listed on Binance, but I think their market cap is still lower compared to the two Info-fi projects.
$Kaito = $1.68 B
$Cookie = $200M
$BMT = $120M (FDB)
It seems that FDB has dropped to 79M but is currently riding the wave of popularity in Info-fi!
You can find detailed information about Bubble Maps on Binance Academy!
Using Bubble Maps, the project aims to make crypto information accessible and intuitive for the public, which can help with trading and investing.
I believe the Info-fi meta will continue to be strong.
In this trend, let's see what kind of developments $BMT and Bubble Maps will achieve in the future!
$BMT #InfoFi
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Axel Bitblaze 🪓
CME $ETH shorts are nearing all-time highs and that’s your primary reason why $ETH has been lagging..
Yeah, some of it is hedging... but most of these are just outright bearish bets. And imo, they’re gonna get blown out soon.
Here’s why:
- BlackRock just bought 460K ETH ($1.1B) in the past month.. their 2nd biggest buy since ETF approval
- ETH network activity is booming:
- Flipped $BNB Chain to become #2 in perps volume
- Just hit its 3rd highest daily tx count ever
- ETH DEX volume been consistently flipping $SOL
Why does this matter?
Because more usage = more burn
More burn = bigger supply crunch
And we already have 35M ETH staked.. that’s nearly 30% of supply off the market. So spot demand is rising fast…
And once ETH starts moving up.. these overleveraged shorts on CME will be forced to cover.
And that’s when we see the squeeze of the year. Not a matter of if.. just when.
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BSCDaily
🔥Spotlight Memecoin on @BNBCHAIN Ecosystem in this Week
Check out the list of some of the best memecoins in ecosystem. 👇
🔸Emerging Gems
@SpongeBobbcto, @WUKONGX72, @Binanciens, @Froggie_bsc, @RektCoin.
🔸Memecoins Of The Week
@BananaS31_bsc, @BULLAMASCOT, @TukiUSD1, @liberty_bsc, @Moolah_bsc, @EGLL_american, @JanitorBNB, @NiannianCTO_BNB, @bubbnb, @eggdog_bnb.
The current price of BNB is $650.70. Since 00:00 UTC, BNB has increased by +0.29%. It currently has a circulating supply of 145,887,576 BNB and a maximum supply of 200,000,000 BNB, giving it a fully diluted market cap of $94.94B. At present, BNB holds the 4 position in market cap rankings. The BNB/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
As the Ethereum network witnessed a substantial increase in user activity and the adoption of decentralized applications (DApps), the need for scalability became a prominent issue for the first Layer-1 smart contract blockchain. To tackle this challenge, various Layer-2 scaling solutions were introduced to mitigate scalability concerns.
Among these scaling solutions, the Build 'N Build (BNB) Chain has emerged as a competitive player by offering asset-bridging capabilities across different chains. This has provided the BNB Chain with a distinct advantage over established platforms like Ethereum, enabling it to address the scalability limitations and cater to the growing demands of the DApp ecosystem.
What Is the BNB Chain?
The BNB Chain, established in February 2022, is a comprehensive modular system that combines the advancements of the Binance Chain (BC) and the Binance Smart Chain (BSC). The introduction of the BNB Smart Chain (BSC) was a response to certain limitations observed in the BC to complement its functionality.
While the BC was primarily designed to cater to decentralized exchanges (DEX) and focused on achieving high transaction throughput and delivering an enhanced user experience, it lacked smart contract functionality. Instead of incorporating additional functionality into the BC, which could have impacted network efficiency, the Binance community developed the BSC as a separate entity to address these concerns and provide the desired smart contract functionality.
After the merger of both chains, the BC assumed the role of a dedicated layer for governance, encompassing voting and staking functionalities. On the other hand, the BSC was specifically designed to execute Ethereum Virtual Machine (EVM) consensus and support Ethereum-compatible applications, including MetaMask. This strategic implementation allows for seamless integration with smart contracts on the BSC
The BNB Team
The BNB team is led by Changpeng Zhao "CZ," the founder of Binance, who introduced the BNB token and established the BNB Chain in 2017. Another key member of the team is He Yi, the co-founder and chief marketing officer. Before joining Binance, Yi served as Vice President at Yixia Technology, a leading mobile video tech company.
BNB: The utility token of the BNB Chain
BNB, the native utility token of the BNB Chain, plays a pivotal role within the BSC ecosystem. As the governance token, BNB enables holders to actively participate in shaping the development and future of the ecosystem. Additionally, BNB is essential for developers seeking to participate in token sales conducted on the Binance Launchpad.
BNB tokenomics
The BNB token operates under specific tokenomics. It has a maximum capped supply of 200,000,000 tokens, and a deflationary burning mechanism is in place to gradually reduce the supply to 100,000,000 coins. Currently, the total supply of BNB is 157,900,174, with 157,886,280 tokens currently in circulation.
BNB use cases
In recent years, the use cases of BNB have expanded significantly, offering a range of functionalities. These include participating in governance proposals through voting, staking to contribute to the network's security, utilizing BNB as collateral for loans on decentralized finance (DeFi) platforms, and covering transaction fees within the Binance ecosystem. Furthermore, BNB is accepted as a form of payment for credit card transactions at select merchants who support it.
BNB distribution
BNB was introduced in July 2017, initially distributing 200,000,000 coins according to the following allocation:
Fifty percent of the supply was issued through an initial coin offering (ICO) held in 2017.
Forty percent of the supply was reserved for the foundation team.
Ten percent of the supply was distributed to angel investors.
Expanding the utility of the BNB Chain
The BNB community is dedicated to enhancing the BNB Chain by integrating side chains and implementing zk-rollups. These advancements aim to provide customized blockchain solutions and improve scalability, enabling efficient and high-performance operations. With these developments, there is optimism for a resurgence in interest and value for BNB, potentially approaching or surpassing its previous peak of $690.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 32K new posts about BNB, driven by 12K contributors, and total online engagement reached 7.3M social interactions. The sentiment score for BNB currently stands at 84%. Compared to all cryptocurrencies, post volume for BNB currently ranks at 582. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of BNB.
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Posts
31,829
Contributors
12,087
Interactions
7,290,713
Sentiment
84%
Volume rank
#582
X
Posts
26,958
Interactions
5,724,691
Sentiment
86%
BNB FAQ
Is the Binance Smart Chain dependent on the Binance Chain?
No, the Binance Smart Chain (BSC) operates independently as a separate blockchain and is not dependent on the Binance Chain (BC). While they exist within the Binance ecosystem, the BSC is designed to maintain its technical and business capabilities, ensuring its continued operation even if the BC ceases its activities.
Is BNB part of Binance?
While Binance initially created BNB, it has evolved into more than just a part of the Binance platform. The BNB Chain has become an independent decentralized network with its own ecosystem and use cases, extending beyond its association with the Binance cryptocurrency exchange.
What is the BNB price prediction?
While it’s challenging to predict the exact future price of BNB, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is 1 BNB worth today?
Currently, one BNB is worth $650.70. For answers and insight into BNB's price action, you're in the right place. Explore the latest BNB charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as BNB, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as BNB have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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