This article will look at some of the most exciting    developments in the blockchain space over the past week.    Binance (BNB) has launched its stablecoin, while Bitcoin (BTC)    ETFs are on the cusp of approval, and Everlodge (ELDG) has set    another record for presale numbers. Lets take a closer    look.  
    Join the Everlodge presale and win a luxury    holiday to the Maldives  
    Everlodge seeks to level the    playing field in luxury real estate. It offers widespread    access to elite properties by overcoming traditional hurdles    such as nationality and credit history.  
    Everlodge stands firmly on pillars of thorough    decentralization, fluid transactions, and user privacy. Its    strategy involves turning luxury properties into fractional    ownership via NFTs, securely hosted on the Ethereum    blockchain.  
    - Advertisement    -  
    The Everlodge presale couldnt be going any better. After    starting the presale, priced at $0.010, the ELDG token is now    priced at $0.016 after selling millions of tokens. This has    been an excellent success for the team and will undoubtedly    help to cement Everlodges position in the luxury real estate    space.  
    Industry experts are now eagerly awaiting the forthcoming    launch of the Everlodge platform. They recognize that Everlodge    has what it takes to revolutionize the $280 trillion real    estate market, with the narrative alone capable of causing a    30x rally.  
    Beyond being an investment avenue, Everlodges diverse    features, like the Rewards Club and Developer Launchpad,    underscore its ambition to redefine real estate investing.    Being a member of this exclusive club comes with monthly    rewards, discounts, and entry into cash prize draws.  
    As the global vacation rental arena braces for    significant growth, Everlodges fusion of blockchain and    property could spark innovation that drives the industry    forward. Who knows how high this will take the ELDG token?  
    Paxos hinted at removing its backing for Binances    stablecoin by February 2024. Well, it has now emerged that    Binance has confirmed that the BUSD stablecoin will be removed    by this exact date.  
    In a call to its user base, Binance suggests pivoting    from their Binance USD stablecoin to other promising    stablecoins, particularly emphasizing the newcomer, First    Digital USD (FDUSD), as a favourable switch.  
    This update is part of a broader wave of shifts within    Binances domain. Once reigning supreme in the crypto exchange    world, Binance now faces mounting regulatory challenges and the    emergence of potent contenders like Tradecurve. This has nudged    Binances value from its zenith of $690 to a mere $213    today.  
    But the real news that could see Binance fall below the    $200 support mark is the DoJ investigation that is currently    ongoing. Could this be the final nail in Binances coffin? We    shall see.  
    The US Securities and Exchange Commission has been    evaluating the possibility of launching Bitcoin exchange-traded    funds since 2017. After much deliberation, 2023 could finally    see these products entering the market.  
    Bloombergs team of ETF experts is increasingly    optimistic about the potential of a Bitcoin ETF being approved,    particularly following Grayscales notable victory against the    Securities and Exchange Commission.  
    Eric Balchunas, a prominent figure in ETF analysis at    Bloomberg, indicates a 75% probability of approval, an increase    from the previous estimate of 65%. This newfound optimism stems    from the resolute and unanimous ruling by the United States    Court of Appeals Circuit in the ongoing legal dispute.  
    In a related context, during a discussion on X, Seyffart    provided his expert opinion, suggesting that by the end of    2024, the approval of spot Bitcoin ETFs could be highly    probable, with a likelihood estimated at an impressive    95%.  
    Meanwhile, the cryptocurrency industry eagerly awaits    decisions on ETF submissions from prominent players such as    Bitwise, BlackRock, VanEck, and others. The outcome of these    deliberations, anticipated as 2024 unfolds, is highly    anticipated and eagerly awaited.  
    This period of waiting has had a significant impact on    the market. The recent decrease in Bitcoins value, from $29K    to just under $26K, indicates the markets apprehensive    anticipation until the ETF news is released.  
    Find out more about the Everlodge (ELDG) Presale  
    Website  
    Telegram  
      Follow Us on Twitter and Facebook.    
      Disclaimer: This content is informational      and should not be considered financial advice. The views      expressed in this article may include the author's personal      opinions and do not reflect The Crypto Basics opinion.      Readers are encouraged to do thorough research before making      any investment decisions. The Crypto Basic is not responsible      for any financial losses.    
      -Advertisement-    
Excerpt from:
Binance (BNB) Ventures Into New Stablecoin, Bitcoin (BTC) ETFs ... - The Crypto Basic