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🚫 Binance Suspends Bitcoin Ordinals Trading – What’s Going On? ➡️ Binance dropped a bombshell on April 4, announcing the suspension of Bitcoin Ordinals trades and deposits starting April 18, 2024. Holders of these unique NFTs were urged to withdraw their assets from the platform's marketplace before May 18, 2024. 🤔 The reason behind this move remains a mystery as Binance simply stated it was looking to "streamline product offerings." Furthermore, the exchange's NFT marketplace will no longer offer perks related to Bitcoin NFTs after April 10, 2024. ⛔️ Despite Binance's decision, rival exchange OKX is doubling down on Bitcoin Ordinals, planning to support four new inscription standards in anticipation of their importance in 2024. 📉 The suspension comes at a time when interest in NFTs, including Bitcoin-based ones, is at a low point. Sales have plummeted from their peak of 117,000 in August 2021 to a meager 2,400 across various blockchains. ⚠️ Concerns about network security and congestion have also been raised. Bitcoin NFTs have been blamed for clogging up the network and causing increased fees. The high volume of inscriptions has led to slow transaction processing and hefty fees totaling over $430.7 million. Learn Crypto✅️

🚀 Bitcoin Ecosystem Thrives: 43 Projects Secure $127M Funding in 2024 💰 The crypto world is buzzing with excitement as Bitcoin takes center stage once again. According to Coin98 Analytics, a whopping 43 projects within the Bitcoin ecosystem have recently scored big with $127.19 million in funding, as reported by crypto-fundraising. 🌐 From layer two (L2) solutions like Bitflow and Merlin Chain, to innovative wallets such as Unisat and Oyl, the infographic showcases a diverse range of startups. Not to mention the rise of decentralized finance (defi), gaming, bridges, APIs, launchpads, and NFT marketplaces – it's a vibrant landscape! 🤝 These projects have caught the attention of some heavy hitters in the investment world. With backers like Castle Island Ventures, Ribbit Capital, and Arrington Capital, it's clear that big players are betting on Bitcoin's continued success. 📈 And the funding stories keep pouring in! Just look at Alpen Labs' impressive $10.6 million round or Ordinalsbot's seed funding of $3 million. It's an exciting time for Bitcoin enthusiasts as these ventures gear up for their next big moves. 🔮 While some projects have already launched tokens, others are still keeping us on our toes with their promising plans. So keep an eye out for these 43 Bitcoin-focused initiatives – they're shaping the future of crypto! Learn Crypto✅️

💎Notcoin Token finally getting listed on May 16! Notcoin the highly anticipated Telegram-based TON network token, is finally set to launch its $NOT token on May 16 after a few delays. The token minted on The Open Network (TON), will be listed on Bybit and OKX and will also be available in Tonkeeper, with OKX planning a 'jumpstart' campaign where users who stake Toncoin (TON) will receive a share of Notcoin tokens. Additionally, Binance has announced NOT as its 54th project on Binance Launchpool. Users can stake BNB and FDUSD into separate pools from May 13 to May 15 to farm NOT tokens before trading opens on May 16 with various pairs. "Probably nothing" might soon become something. Learn Crypto✅️

Trump to Accept Crypto for Campaign Donations. Former U.S. President Donald Trump has announced plans to accept cryptocurrency donations for his upcoming presidential campaign. During a gathering with buyers of his "Mugshot Edition" NFT collection, Trump emphasized his commitment to crypto, criticizing President Joe Biden's stance on the industry. He also vowed to prevent crypto businesses from leaving the U.S. due to regulatory hostility. Trump's mention of the "Joe Boden" meme coin caused it to surge by over 45%, reaching a market cap of $240 million, although he expressed skepticism about it as an investment. In late 2022, Trump acquired his first crypto tokens after launching the Trump Digital Trading Cards NFT collection. Despite concerns of declining interest in NFTs, the project has proven successful, with the floor price currently exceeding $200. Meanwhile, in another related news, President Joe Biden has stated that he plans to veto a resolution affecting crypto policy at the Securities and Exchange Commission (SEC). The White House argues that if passed, the resolution would disrupt the SEC's efforts to protect investors in crypto-asset markets. Learn Crypto✅️

🚨 South Koreans on Alert: Declare Crypto Holdings or Face Tax Consequences 💡 Tax Bombshell Looms: South Korean crypto holders have been given a stern warning by tax accountant Kim Dae-kyung. In an article for Money S, he highlighted the need to declare overseas crypto exchange holdings to avoid potential trouble. 🌐 Domestic Trading Exemption: Currently, profits from crypto trading within South Korea are tax-free. But starting next year, a new law will change that. Traders will have to report gains exceeding $2,100 and pay taxes accordingly. 🗂 Overseas Assets Under Scrutiny: Kim emphasized that holdings on foreign platforms already count as "overseas assets". Neglecting to mention them in tax declarations could be seen as a violation of the law. ⏳ Deadline Approaching: Declarations for these assets must be completed by the end of June this year, as per the Income Tax Act's provisions. 📣 Data Exchange Empowers Tax Authorities: The landscape has shifted since 2014, with South Korean tax bodies now sharing information with international counterparts. This means they can access details about an individual's overseas accounts, including those related to crypto. 💰 Fines and Prosecution at Stake: Non-compliance comes with hefty penalties. Fines can reach up to 20% of the wallet balance, while failing to report substantial assets worth over $3.6 million might even lead to criminal prosecution. ✅ Crypto Clauses in Tax Code: Lawmakers have taken note of the crypto boom and made specific amendments to ensure compliance with tax obligations related to "accounts opened overseas to trade cryptoassets." Learn Crypto✅️

‼️ Coincheck Aims for Nasdaq: Crypto Exchange Takes SPAC Route ✔️ Coincheck, the Japanese exchange, is making waves in the crypto world with its plans to go public on Nasdaq. The exchange, known for its strong security measures, announced its intentions on May 8 and hopes to merge with Thunder Bridge Capital Partners IV (THCP) by Q3 2024. 🟥 Before popping the champagne, Coincheck needs to check off a few boxes. This includes getting the nod from Thunder Bridge IV's stockholders and meeting the standard requirements set by SEC and Nasdaq. It's all part of the game when it comes to mergers and listings. 🌍 If all goes well, Coincheck will become a subsidiary of Coincheck Group N.V., based in the Netherlands. The new entity will then join the ranks of publicly traded exchanges like Coinbase, bringing more visibility to the world of digital assets. 💼 Unlike Coinbase's IPO path, Coincheck is taking a detour via a SPAC. This special purpose acquisition company approach has had mixed results lately, with some high-profile cases ending in bankruptcy. But Coincheck is betting on a different outcome. 📈 While there may be concerns about SPACs, Coincheck's Nasdaq listing is a significant step towards wider acceptance of cryptocurrencies. As traditional stock markets embrace digital assets, institutional investors might take notice, leading to increased adoption and investment in the space. 🌐 One thing is clear: the crypto revolution is gaining momentum. With companies like MicroStrategy leading the way as major Bitcoin holders, it's an exciting time for both investors and enthusiasts alike. Learn Crypto✅️

What is Slippage? If you have traded on any decentralized exchange (DEX), you must be familiar with the term “slippage”. Slippage is a term used to describe the phenomenon when the price you expect to pay for a coin changes between the time you decide to make the trade and the time the trade is actually executed,often occurs during market volatility or large orders. ■ To minimize slippage, consider this: -Avoid trading in highly volatile markets. -Utilize limit orders to set price boundaries. -Choose exchanges with high liquidity. -Break up large orders into smaller ones to minimize the impact. By implementing these strategies, you can mitigate the impact of slippage on your trades and navigate the crypto market more effectively. Learn Crypto✅️

How to Grow Your Portfolio Without Chasing 100x Returns: Lately, the crypto market has been abuzz with talk of “finding the next 100x memecoins.” But before you join this frenzy, it is essential to take a step back and consider a more pragmatic strategy. While it's not impossible to find the next 100x coin, focusing solely on that could be a financial disaster. It is like searching for a needle in a haystack. Sometimes you might get lucky, but more often than not, you may end up losing your money. What you should do instead is focus on creating a more diversified portfolio with high-quality assets that have strong fundamentals — Invest responsibly by DYOR and always diversifying your investments. With over 13,000 cryptocurrencies, your chances of stumbling upon the next “100x hidden gem” are slim to none. Instead, build a solid foundation by heading over to our website and gradually learning about this for free. Learn Crypto✅️

Grayscale's Bitcoin Trust (GBTC) Sees Positive Turn with First Inflow Since January. Exciting news for Bitcoin investors, as Grayscale's Bitcoin Trust (GBTC), the leading Bitcoin ETF, has finally seen a positive turn after a challenging start to the year. Despite facing significant outflows since January, GBTC experienced its first daily increase in new investments after 77 days. The trend of investors withdrawing funds from GBTC, largely due to its high fees, had been concerning. However, there's a silver lining: Friday marked a significant milestone as GBTC witnessed a net inflow of millions of dollars from investors, breaking the streak of withdrawals. Learn Crypto✅️