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As the cryptocurrency market continues to experience a prolonged bear market, industry leaders are embracing this challenging phase as an opportunity for growth and maturation.

Dorian Vincileoni, Europe business development lead at KuCoin, shared insights at the Proof of Talk 2023 blockchain conference, emphasizing the importance of prioritizing user-centric strategies during these times.

Vincileoni highlighted the value of bear markets in allowing companies to focus on innovation, product development, and enhancing user experiences. By tuning out the noise of bull markets, businesses can better understand the genuine needs of their organic user base.

Rather than being consumed by negative news, Vincileoni urged exchanges to concentrate on continuous improvement and community support, emphasizing that favorable market conditions will eventually return.

We closely listen to what our organic base is saying and what they are interested in. Our objective is to provide services to actual invested or interested communities, Vincileoni explained.

Despite a decline in overall market interest, Vincileoni noted that organic communities within the crypto space continue to thrive, indicating that the level of engagement remains substantial.

In terms of regulatory uncertainty, Vincileoni advised against making assumptions, urging industry players to react and adapt swiftly when clear guidelines are established. He described the current landscape as an adaptive race and emphasized the industrys responsibility to ensure user asset safety.

KuCoins market survey revealed a strong user interest in the implementation of artificial intelligence (AI) for enhanced security. The exchange promptly refunded affected users following a recent compromise of their Twitter account, demonstrating their commitment to user protection.

Vincileoni concluded on an optimistic note, stating that despite current market conditions, the industry remains brimming with untapped opportunities. He believes that we are merely at the dawn of an era that holds vast potential for future growth and innovation.

As the crypto bear market continues, industry players are leveraging this period to strengthen their offerings, improve user experiences, and foster resilient communities.

Binances CEO, Changpeng CZ Zhao, expressed a sense of relief as the protracted dispute with the United States Securities and Exchange Commission (SEC) finally reached a positive resolution. The prolonged period of regulatory uncertainty had caused tension and uncertainty within the company, making this resolution a much-welcomed outcome for CZ.

As the regulatory uncertainty dissipates, CZ, the CEO of Binance, can now direct his attention towards shaping the future of the company. In a tweet, he emphasized that the SECs emergency relief request was unnecessary, underscoring the fact that the agreed-upon resolution would allow Binance to move forward unhindered.

In a significant development, Judge Amy Berman Jackson from the U.S. District Court for the District of Columbia has given her seal of approval to the Proposed Stipulation and Consent Order forged between Binance, Binance.US, and the SEC on June 18. This landmark decision marks a significant step forward in the resolution of the dispute.

As per the courts ruling, the consent order requires Binance to repatriate all fiat currency and cryptocurrency assets associated with Binance.US.

Furthermore, the agreement places restrictions on Binance global officials, preventing them from accessing private keys of all wallets, including cold and hot wallets.

Despite encountering challenges and regulatory obstacles, Binance remains committed to its operations with steadfast determination. Binance CEO CZ expressed his satisfaction with the resolution of the SEC matter and reassured users that their funds are safeguarded and secure across all Binance-related services.

During the period of regulatory scrutiny, Binance remained committed to safeguarding user funds by implementing stringent security measures across all its platforms. The companys top priority was ensuring the safety and security of funds, providing users with peace of mind amidst the evolving regulatory landscape.

Additionally, Binance disclosed that its BNB Smart Chain is actively exploring the development and launch of a layer-2 blockchain scaling solution to enhance the efficiency and scalability of its ecosystem.

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KuCoin Business Lead Asks Companies to "Listen" to Users in Bear ... - Inside Bitcoins

Cryptocurrencies continue to captivate investors and enthusiasts worldwide, offering opportunities for financial innovation, decentralized applications, and transformative possibilities across various industries.

While Shiba Inu (SHIB) struggles due to a liquidity crisis and low total value locked (TVL), hindering upward momentum, Binance Coin (BNB) shows promise with the expansion of Binance Smart Chain (BSC). Excitement builds for Caged Beasts (BEASTS) presale, featuring new beasts and a referral program for additional BEASTS tokens.

Despite the volatile nature of the cryptocurrency market, Shiba Inu (SHIB), a well-known meme coin, is struggling to gain consistent upward momentum. This is primarily due to a liquidity crisis, TVL, and unappealing annual percentage yield (APY) offered by liquidity pools, all of which indicate a lack of demand for SHIB as a liquidity provider (LP).

The liquidity crisis of SHIB is evident in the limited volume of tradable tokens, compromising the assets stability and discouraging potential investors while causing existing holders to reconsider their stakes. This stagnant state presents a significant obstacle to SHIBs price growth.

Additionally, the low TVL of SHIB raises concerns. TVL represents the total assets staked in a cryptocurrencys network or DeFi protocol. A low TVL signifies reduced activity on the network, which is often interpreted as a lack of investor trust in the assets potential for generating yield.

This lack of activity deters new investors and suppresses SHIBs price growth. Furthermore, the unimpressive APYs offered by various liquidity pools compound the problem. With below-average returns, liquidity providers lack the incentive to stake SHIB in DeFi pools.

The performance of BSC has always correlated directly with the price trend of Binance. As more projects choose BSC for its efficiency and cost-effectiveness, the demand for BNB naturally increases, providing a solid foundation for its price. This effect is particularly notable in the DeFi sector, where BSC projects like PancakeSwap dominate the market and drive BNB to new heights. The rapid expansion of BSC showcases the adaptability and versatility of the Binance ecosystem.

As the network continues to grow, it creates a thriving environment that may result in a significant price increase for BNB. Given the current market conditions, an 11% price surge could be on the horizon. Despite trading at a 75-day low, the strengthening Binance ecosystem has the potential to fuel a bullish comeback. Traders and investors should closely monitor the movement of BNB in the upcoming days, as a sudden trend reversal could spark a new rally.

Caged Beasts (BEASTS), an upcoming meme coin project, is generating immense excitement within the cryptocurrency community as it prepares for its highly anticipated presale. This presale has the potential to become one of the standout events of the year, expected to unfold rapidly. The project aims to prioritise both community involvement and utility, offering users the thrilling elements typically associated with meme coins.

Caged Beasts presale stands out with its distinct offering of unveiling a new beast at each stage. This pioneering feature is expected to have a profound impact by increasing the value, capturing attention, and igniting excitement for the coin, thereby creating a vibrant community buzz throughout the process. In addition to this enticing aspect, Caged Beasts presents investors with an opportunity to earn free cryptocurrency and passive income through its referral program during the presale.

The referral program enables users to create their own referral codes, which they can distribute to anyone they choose. When a referred user makes a deposit in ETH, BNB, or USDT, utilising the referral code, both the referrer and the referred investor will receive a bonus of 20% extra BEASTS tokens.

This innovative program fosters an interactive and mutually beneficial environment for all participants involved. Register yourself on the website to avail all the presale benefits and updates.

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

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Top Crypto Presale To Invest in 2023 - Analytics Insight

According to an official announcement, Binance NFT Marketplace has integrated the Bitcoin network, expanding trading opportunities for its community. Users can now explore and trade various NFTs across multiple blockchains, including BNB Smart Chain (BSC), Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC), all within their Binance accounts.

With this integration, users can seamlessly buy, deposit, withdraw, and list NFTs from the Bitcoin network directly on the Binance NFT Marketplace without needing a separate BTC wallet. Keeping Bitcoin or other tokens in their spot wallets enables convenient NFT trading on the platform.

The marketplace currently offers a curated selection of Bitcoin NFT Collections, with plans for regular additions. Users are advised to verify their deposit addresses to ensure accurate transfers, as mistakes could result in irreversible loss. Detailed instructions are available in the platforms FAQ section.

To celebrate the Bitcoin network integration, Binance NFT has launched an exclusive promotion for participants. Those who engage in at least one trade involving Bitcoin NFTs between June 6 and June 19, 2023, have a chance to win one of the 80 exclusive Bitcoin NFTs. The promotion includes buying and selling, with reward distribution following specific rules.

The promotion consists of two Snapshot Periods: June 13 and June 20, 2023. Participants who registered for Binance NFTs event from May 9 to May 15, 2023, will be eligible for selection as 50 winners from each Snapshot Period. Winners will receive a unique Bitcoin NFT from renowned collections such as Bitcoin Pizzas, DogePunks, JOMOHippo, PixelBirds Sparrow, Ordz Heroes, NPC Ordinals, Neo Yauto, and Block Legends.

Additionally, 15 winners will be chosen from the remaining eligible users in each Snapshot Period, resulting in a total of 30 winners. These winners will also receive an exclusive Bitcoin NFT from the mentioned collections.

As Binance continues expanding its NFT Marketplace, more platforms and blockchains will be integrated, offering users an ever-growing selection of offerings. The goal is to enhance features and compatibility, providing a dynamic and inclusive space for NFT enthusiasts.

Note that Binance reserves the right to make necessary amendments or variations to the promotions terms and conditions, including winner selection. Participants should stay informed about any changes as Binances decisions are final.

In other news, Binance has integrated Bitcoin NFTs into its marketplace, despite facing a recent complaint from the SEC. This integration allows users to access captivating Bitcoin NFT collections, including BTC DeGods and Bitcoin Bandits, showcasing Binances commitment to innovation.

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Explore Bitcoin NFT Trading on Binance - Crypto Times

Launched on the Cardano [ADA] mainnet on 31 January, the networks native over-collateralized stablecoin Djed [DJED] is set to expand to multiple blockchain networks.

How much are1,10,100 ADAs worth today?

In a blog post published by Coti on 11 May, the developers behind DJED said, while the stablecoin will remain unchanged when it is implemented on other blockchains, it will exist as a wrapped token on these networks.

The developers added that a centralized bridging solution is necessary to provide a safe platform and decided to partner with Chainport.

According to Coti:

DJED will likely be integrated into Binance Smart Chain and Ethereum first, with other blockchains to be added at a later date.

DJED announced its multichain expansion plans two weeks after the over-collateralized stablecoin launched on Milkomeda-C1, an EVM-compatible sidechain of the Cardano network.

Since its launch, DJED has amassed a total of 36 million ADA tokens locked in its over-collateralized reserve. According to data from DefiLlama, at press time, the coins total value locked (TVL) was $15.08 million.

Also, despite the momentary de-pegging of leading stablecoins USDC, USDT and DAI when Silicon Valley Bank (SVB) unexpectedly collapsed in March, DJED maintained its peg.

At the time of writing, Cardanos TVL stood at $139.36 million. DJED ranked as the fourth-highest contributor despite being released barely four months ago.

At press time, the coin traded hands at $0.3603. As the rest of the market trades north, ADAs Open Interest has fallen into decline since 16 April.

According to data from Coinglass, the alts Open Interest has since dropped by 33%.

When an assets Open Interest dips, the market for the asset becomes more illiquid. It will also be marked by a fall in the number of available buyers and sellers. It is often followed by a drop in such an assets value.

ReadCardanos [ADA] Price Prediction2023-24

Assessed on a daily chart, ADA appeared oversold at press time. However, its price rested on the lower band of its Bollinger Band indicator.

This meant that a price rebound was likely while the coin traded below its average trading range and was oversold. The bullish divergence created between the ADAs Chaikin Money Flow (CMF) and its price lent basis for this position.

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Cardano [ADA]: DJED spreads its wings, prepares for multi-chain takeoff - AMBCrypto News

Tether's excess reserves of $2.44 billion reached an all-time high, with the majority of its investments held in cash and short-term deposits.

Stablecoin issuer, Tether, reported a profit of $1.5 billion during the first quarter of 2023, more than double during the last quarter.

According to the latest attestation report, Tether's consolidated total assets amounted to at least $81.8 billion, while its consolidated total liabilities amounted to $79.4 billion, indicating excess reserves of at least $2.44 billion an all-time high.

For the first time, Tether also included additional categories in its reserves reporting, including bitcoin, physical gold, overnight repo, and corporate bond allocations. It holds $1.5 billion worth of bitcoin and $3.3 billion worth of precious metals. The majority of its investments, around 85%, are held in cash, cash equivalents, and other short-term deposits, with gold and bitcoin representing around 4% and 2% of the total reserves, respectively.

This news comes after a turbulent period for the stablecoin market, during which several tokens lost their dollar pegs. However, Tether's dollar-pegged USDT has increased its market capitalization by $16 billion since the start of the year, representing 24% growth.

Tether has been criticized in the crypto industry for years for lack of transparency about its reserve assets and controversial maneuvers. Last year, a U.S. judge ordered the firm to produce documents about USDT's backing as part of a lawsuit that alleged Tether conspired to inflate BTC's price with newly issued stablecoins.

Despite the criticism, Tether's latest attestation report indicates that the firm is continuing to grow and diversify its reserves. It has also promised to completely exit from secured loans this year.

Tether is the most widely adopted coin in circulation. USDT was the first-ever stablecoin introduced to the market. It is designed to peg its issued coin 1-to-1 with the Dollar. Tether was one of the first stablecoins issued in several blockchains, available on the Tron, ETH, Omni, EOS, Algorand, Solana, and the Binance Smart Chain (BSC) networks. It has received mass adoption as the reserve currency for most traders as it doesnt fluctuate like typical crypto coins.

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Tether Earns a Staggering $1.5 Billion in Q1, Doubling Its Previous ... - BSC NEWS