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The FUD induced by false alarm of U.S. government selling its Bitcoin [BTC] holdings took a profound impact on the exchange token of the Binance[BNB] ecosystem as well. At one point, BNB plunged to $301, recording the biggest drop in nearly two months.

Is your portfolio green? Check theBNB Profit Calculator

The coin regained some lost ground as it reached $305 at the time of writing, still 1.98% down in the last 24 hours, as per CoinMarketCap.

What could possibly aid BNB on its way to normalcy was the new feature Binance unveiled to improve strategy trading on the platform.

Binance, the worlds largest cryptocurrency exchange, announced the launch of Trading Bots. This signaled a shift away from traditional trading strategies and towards automated trading.

Crypto trading bots are automated software that helps you buy and sell cryptocurrencies at the correct time.

Binance also listed out functions that will be released to users by June 2o23 as part of the implementation.

In addition, Binance said that the Rebalancing Bot account will be renamed as Trading Bots. Under Trading Bots new spot and futures grids could be created.

Furthermore, users will have the option of running futures grids through their Trading Bots account while trading on the same symbol through their futures account at the same time.

Moreover, users will earn hourly trading fee savings for the Trading Bots account when they use their BNB balances.

The announcement of the new trading feature catalyzed trading activity on the BNB Chain. After the dip recorded on 10 May, daily active users rebounded to a 5-week high in the last 24 hours.

The surge in the number of users boosted the number of transactions processed on the chain.

While increased network traffic was a matter of joy for BNB enthusiasts, the chains liquidity continued to tumble.

The total value locked (TVL) on the BNB Chain fell by more than 3% in the last 24 hours to $5.22 billion, extending its month-long winless streak.

How much are1,10,100 BNBs worth today?

The development activity on the chain remained tepid after recording a steep fall earlier in the week. This was a worrying sign as it indicated that future enhancements on the chain might be delayed.

Unsurprisingly, this impacted the sentiment of investors as they turned strongly bearish on BNB. However, the supply held by large addresses, which was stagnant until 10 May, showed an uptick in the last 24 hours.

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Binance announces new feature to bolster trading as BNB continues to record losses - AMBCrypto News

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Top crypto exchange Binance has made an important announcement as regards ETH Staking withdrawals.

The crypto exchange says that following feedback from the community, it will reduce the processing time for ETH Staking withdrawal requests to five days, starting from May 18 at 8:00 a.m. (UTC). This is a major reduction from the initial processing time required, which is 15 days.

To better meet the needs of users, Binance says it will actively work to further cut the processing time for ETH Staking withdrawal requests.

The Ethereum (ETH) network's Shapella upgrade, which enabled staked ETH withdrawals to take place on April 12, marking Ethereum's final transition to proof of stake (POS).

After a successful upgrade, Binance enabled Ethereum staking withdrawals, wherein ETH Staking participants would be able to redeem ETH with their BETH holdings on April 19.

Per the initial announcement, it will take 15 days to several weeks before users' ETH withdrawal requests can be fully processed.

Now, this is set to change as this time has now been reduced to five days. However, Binance maintains that the time required to fully process ETH Staking withdrawal requests would be determined by the overall amount of ETH withdrawals requested by participants and the Ethereum network and is, therefore, subject to change.

Binance, however, noted that there would be no further announcement on changes to the processing time for ETH Staking withdrawals, if required.

In late April, Binance rebranded ETH 2.0 Staking to ETH Staking and introduced Wrapped Beacon ETH (WBETH) on the ETH Staking service. WBETH represents a liquid staking token, where 1 WBETH represents 1 BETH, and the total staking rewards accrued by the BETH token on ETH Staking will allow users to participate in DeFi projects outside Binance.

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Binance Makes Important Announcement on Ethereum (ETH) Staking Withdrawals - U.Today

PitchBook recently released its Q1 2023 Crypto Report, dedicated to crypto investments, which shows that the most active companies in terms of investments are Binance and Coinbase.

The PitchBook report shows that cryptocurrency companies raised $2.6 billion in venture capital globally in the first quarter of 2023, with 353 funding rounds.

While these are still big numbers, they represent an 11% decrease in total deal value and a 12.2% decrease in the number of deals compared to the previous quarter.

In fact, from this perspective, the first quarter of 2023 was the worst since late 2020, i.e. before the start of the last big bull run. It also marks the fourth consecutive quarter of declining investment activity in the crypto sector.

However, while it was a down quarter overall, there were some upside parameters in the detail.

For example, seed rounds were up 33.3%, while late-stage rounds grew by as much as 209.2%. The biggest problem was the 16.7% drop in early-stage rounds.

Furthermore, the most notable acquisition, according to the report, was that of streaming platform Streami by Binance, through the acquisition of a majority stake in Streamis GOPAX exchange.

In fact, the real decline began in the second quarter of 2022, the quarter in which the Earth/Moon ecosystem imploded.

In fact, the all-time high was reached in the first quarter of that year, the quarter that followed the crypto markets all-time highs.

Since then, the decline has been continuous, although much less pronounced in the last quarter than in the previous three.

It should be noted that the current level of investment in the crypto sector is lower than in the first quarter of 2021, when the last major bull run was just beginning, but still significantly higher than in the last quarter of 2020.

Thus, for the time being, the current level remains higher than the pre-bull run level.

The report notes that the crypto market has grown rapidly over the past decade, attracting a large number of users, including institutional investors who have poured billions of dollars into it.

Blockchain technology itself has also evolved, moving far beyond the simple recording and transfer of value to being used for secured lending, automated market making and the tokenization of off-chain assets.

According to PitchBook analysts, future cryptocurrency innovation could even threaten established players such as Visa, Mastercard and American Express, which have enjoyed decades of total dominance due to their ability to charge fees of up to 3%.

However, the collapse of several crypto companies in 2022 highlights that there are still significant challenges in the industry, so much so that mainstream adoption is unlikely to happen before better regulations and guidelines are released, according to the report.

The lack of clear regulation would be a major concern for the crypto industry, so much so that it is seen as a limiting factor.

The report cites the EUs MiCA as one of the most comprehensive regulatory frameworks already in place.

PitchBook analysts believe that 2023 could be a turning point for the industry, as they expect financial regulators and central banks around the world to increase their focus on cryptocurrencies starting this year.

They also state that cryptocurrencies and web3 will continue to grow and evolve in the future, despite the recent challenges that have emerged over the past year.

They highlight how the crypto ecosystem has made significant progress in recent years, including decentralised finance (DeFi).

In this regard, they note that the crypto industry is still in its early stages, so there is still plenty of room for growth and innovation.

Speaking of the future, they expect established exchanges such as Binance and Coinbase to become active acquirers in 2023, particularly by targeting smaller competitors such as cryptocurrency exchanges, custodian services or peripheral activities such as financial technology (fintech) securities brokerage.

In other words, if so far many of the key players in new investment in the crypto sector have been funds or firms from the traditional investment world, it is possible that in 2023 it will be the larger crypto companies themselves that become the real protagonists in this regard.

Binance is the largest exchange in the world and Coinbase is the largest US exchange. Moreover, the demise of FTX has only strengthened these two giants, the latter of which is already listed on the Nasdaq.

Emerging opportunities in the crypto sector that investors could focus on include zero-knowledge proofing and Web3 identity.

Companies to watch include Intmax and Obol.

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Binance first for crypto investments - The Cryptonomist

Leading market makers for the crypto market Jane Street and Jump Crypto are exiting the U.S. due to extreme regulatory crackdown, lack of regulatory clarity, and heightened scrutiny.

The US SEC-led crypto regulatory crackdown has raised a wide set of problems for leading crypto exchangesBinance, Coinbase, and other crypto-related entities, with some planning to move their operations offshore.

Two of the worlds top market-making firms Jane Street and Jump Crypto have decided to cease crypto trading in the U.S. amid an intense crypto regulatory crackdown in the US. The firms will continue market making and not leave the crypto market entirely, reported Bloomberg on May 10.

Jane Street preparing to scrap its global crypto expansion plans because regulatory uncertainty has made it difficult for the firm to meet internal standards.

Meanwhile, Jump Crypto, the digital asset division of Jump Trading, is exiting the US market but planning to expand its operations globally.

US federal departments and regulators have intensified regulatory crackdown against the crypto market following the FTX debacle and Terra-LUNA crisis. In fact, Jane Street and Jump Crypto were linked to FTX and Terra-LUNA crisis. Jump Crypto backed the TerraUSD algorithmic stablecoin by proving liquidity and funds, while Jane Street is cited by the US CFTC in its lawsuit against crypto exchange Binance. It is also linked to FTX and Sam Bankman-Fried. Many executives of FTX were earlier employees of Jane Street.

Also Read: Terraform Labs Moves Tokens Worth Millions A Year After Terra-LUNA Crisis

Market makers such as Jane Street and Jump Crypto support the crypto market by providing liquidity. Troubles due to lack of liquidity were one of the primary reasons for the crypto contagion seen last year.

The crypto market has already been becoming less liquid throughout the year and Jump and Jane Street pulling back their market-making activity will put further pressure. Coinbase and Binance are witnessing less liquidity as compared to earlier quarters.

CoinGape Media earlier reported, the U.S.-licensed crypto exchanges lost market share in 2023 Q1, with Coinbase accounting for 1.31%, Kraken 0.60%, and Binance.US 0.37%. Moreover, Coingecko reported a continuous decline in trading volume on Coinbase from 7% in January to 5% in March. Meanwhile, trading volume on crypto exchanges outside the U.S. rising due to the regulatory crackdown against crypto in the US.

Also Read: US SEC Is Reportedly Close To Taking Enforcement Action Against Binance

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

Link:

Binance, Coinbase Impacted As Jane Street, Jump Crypto Exit US Market - CoinGape

Do you ever wonder which cryptocurrencies are worth your investment? Choosing the right options can be daunting with so many available. But fear not, for three coins stand out from the crowd Binance Coin (BNB), Solana (SOL), and PATWARS.

These digital assets have captured the attention of crypto enthusiasts worldwide, not only because of their impressive market capitalisations but also due to their unique features and potential for growth. In this article, we will explore what makes BNB, PATWARS, and SOL such compelling investment choices and how they are shaking up the crypto world. Get ready to discover the next big thing in the world of digital assets!

Binance Coin is the native token of the Binance exchange, one of the worlds largest and most popular exchanges. The value of Binance Coin (BNB) has been steadily climbing, with a high of $335 in February 2023 and a market capitalisation of $52.42 billion. One of the most significant advantages of Binance Coin is that it can be used to pay for trading fees on the Binance exchange, which means that as the exchange grows, so does the demand for Binance Coin.

The coin has a versatile range of use cases, including participating in token sales on the Binance Launchpad and purchasing goods and services on the Binance marketplace. Binance Smart Chain (BSC), a high-performance blockchain for building decentralised applications (dApps) and DeFi protocols, is another contributing factor to BNBs success. The growth of the BSC ecosystem has led to a surge in Binance Coins demand and market capitalisation.

Solana has gained popularity due to its incredible transaction processing speed of up to 30,000 transactions per second, making it the fastest layer 1 blockchain. Additionally, Solana has a lower transaction fee compared to other cryptocurrencies, making it a highly attractive investment option for investors who want to avoid high fees.

Solana has two primary use cases. The first is paying for transaction fees incurred when using the network or smart contracts, while the second is staking tokens as part of the networks proof-of-stake consensus mechanism. The growing ecosystem of decentralised applications (dApps) and non-fungible tokens (NFTs) built on the Solana blockchain has resulted in a surge in SOL token demand. In the past year, Solanas market success has led to a staggering 12,000% increase, proving that it is a promising investment option for crypto enthusiasts.

What is PATWARS?

PATWARS is a cryptocurrency project built on the Ethereum network, with a focus on community empowerment and user engagement. It emphasises community-driven governance and decision-making, allowing users to propose, discuss, and vote on key decisions through the PATWARSDAO governance model.

The project is guided by the PATWARS Clan, composed of four Jedi Cats, who ensure the platform remains transparent, innovative, and enduring. The integration of non-fungible tokens (NFTs) into the ecosystem enhances user engagement, creating new avenues for value creation and potential collaborations with decentralised applications (dApps) and gaming platforms. PATWARS offers exclusive NFTs featuring the four Jedi Cats, providing both a collectible and utility value for holders. The projects core values of decentralisation, transparency, and continuous innovation make it an attractive investment choice for cryptocurrency enthusiasts.

As the crypto market is constantly evolving, investing in the right digital assets can be a lucrative venture for crypto enthusiasts. Binance Coin, Solana, and PATWARS have caught the attention of investors worldwide due to their unique features and potential for growth.

Binance Coins versatility, Solanas super-fast transaction processing, and PATWARS community-driven governance and NFT integration are just a few of the standout features that make these coins compelling investment choices. With the right approach and strategy, investing in cryptocurrencies can lead to significant returns.

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Website: https://www.patwars.com

Twitter: https://twitter.com/PATWARSOfficial

Telegram: https://t.me/PATWARSOfficial

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

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