Binance
New VINE meme coin coming to Binance Futures on Jan. 24
VINE, the Solana-based meme coin launched by VINE co-founder Rus Yusupov, is coming to Binance Futures as a USDT-based perpetual contract.
In a recent notice, Binance Futures announced that it will be adding the Vine coin and pippin on USDT (USDT)-based perpetual contracts starting Jan. 24, 2025 at 10:00 UTC for VINE and 10:15 UTC for pippin. Binance Futures is offering maximum leverage of up to 25x for both USDT-margined contracts.
The maximum funding rate for VINEUSDT and PIPPINUSDT perpetual contracts at launch will be +2.00% and -2.00%. The funding fee calculation frequency will occur every four hours.
Moreover, Binance will provide multi-asset trading support for both perpetual tokens.
Unlike most meme coins that experience a surge after Binance perpetual contract announcements, VINE and PIPPIN seem to have gone down in value. Having only launched two days ago, the VINE coin has gone down by 11.5% in the past 24 hours and 18.4% in the past hour. Minutes after the Binance Futures announcement was released, its price went up to $0.26 before dropping to $0.22. VINE is currently trading hands at $0.21.
The meme coin inspired by the now-discontinued social media app has reached a market cap of $217 million. However, its 24-hour trading volume managed to surpass $1.6 billion in just a short time.
PIPPIN fared a little better than VINE, increasing by nearly 9% in the past hour after the Binance Futures announcement. Though, the token’s value has been slipping by 7.6% in the past 24 hours. Launched in November 2024, pippin’s market cap stands at $144 million with a 24-hour trading volume of $88 million.
VINE coin triggered by rumored VINE revival
The VINE meme coin was launched on Jan. 22, 2025 by VINE co-founder Rus Yusupov as a way to “commemorate the beauty of togetherness and creation” that content creators experienced through the short-form video app that reigned supreme in the early 2010s.
“We impacted culture. Millions of videos were posted. I am launching this coin to commemorate the beauty of togetherness and creation,” wrote Yusupov on the Vine coin’s website.
He claimed that the team will not sell a single token. Instead, all profits reaped from the VINE meme coin will be donated to X, which he views “has become a beacon for free speech and self expression.”
VINE was shut down in 2017 by its parent company Twitter as it struggled to compete with other emerging social media platforms at the time. Since then, Elon Musk has taken over as Twitter’s owner and rebranded it to X.
On Jan. 19, one X user asked Musk to bring back Vine following the ban of TikTok in the United States. To which Musk responded his team was “looking into it.” Many believe Musk’s response is what prompted Yusupov to launch the VINE meme coin.
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MUBARAK coin emerged as the latest hot buzz of the crypto sector, securing a prominent mark on traders’ and investors’ radars amid Binance founder CZ’s involvement in the meme coin. CZ recently hinted that he is Mubarak, a shilling cryptic move that sent shockwaves across the meme crypto industry. Now, with the crypto exchange titan itself revealing plans to launch a perpetual contract for the token, market sentiments over the crypto’s price prospects have turned highly bullish.
Notably, MUBARAK price is currently up 22% intraday in the wake of Changpeng Zhao spotlighting the token, further escorted by the CEX’s futures listing.
Mubarak Coin Gains Traction As It Secures Binance Listing
According to an official announcement dated March 17, Binance futures is launching a MUBARAKUSDT perpetual contract today at 13:30 UTC. The platform’s colossal user base remains primed to enjoy up to 25x leverage trading the new token.
This announcement by one of the top crypto exchanges ignited optimistic waves, paving the way for further investor interaction with the new asset. As market participants look to capitalize on emerging opportunities, a gush of money inflow into this meme token remains anticipated.
In turn, bullish market sentiments about MUBARAK coin’s price prevail across the broader market.
Is Binance’s CZ Mubarak?
CoinMarketCap’s data about this new token reveals that “CZ just subtly acknowledged that he’s Mubarak,” a cryptic move that sparked market discussions globally. On the other hand, a recent CoinGape report spotlights that CZ also bought $600 worth of the new meme coin, sparking a market frenzy.
When coupled with Binance’s futures listing, these developments add an extra layer of market optimism to the new token.
What’s More In The Listing Announcement?
Apart from enhanced trading support for MUBARAK coin, the crypto exchange behemoth unveiled Bubblemap’s (BMTUSDT) perpetual contract with up to 25x leverage. This announcement triggered 43% gains in the asset, reaching $0.1289, as indicated by the intraday trading chart.
MUBARAK Price Surges Over 20%
As of press time, MUBARAK price witnessed a 22% pump and exchanged hands at $0.09902. Notably, the coin hit an intraday peak of $0.1458, which was in sync with Binance’s announcement. Further, traders reacted positively to the abovementioned developments, as signaled by a 120% increase in the asset’s intraday trading volume to $165.45 million.
More Support From Binance?
Simultaneously, it’s noteworthy that in a previous announcement on Binance Alpha, the crypto exchange revealed support for the Mubarak coin. Binance Alpha is a platform featuring tokens that can be potentially considered for listings on the exchange moving ahead.
Overall, traders and investors anticipate potential gains in this newly launched token amid rising market demand and interest.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Donald Trump’s family is reportedly eyeing acquiring a stake in the US arm of the crypto exchange Binance. This comes as the exchange’s founder is allegedly seeking a pardon for his guilty plea in 2023, which led to his imprisonment.
Trump’s Family Eyes Stake In Binance US
According to a WSJ report, US President Donald Trump’s family representatives have held talks to acquire a stake in Binance’s US arm. This comes just after the top crypto exchange announced that Abu Dhabi-based MGX had invested $2 billion in the exchange to acquire a minority stake.
Meanwhile, the WSJ report also revealed that the exchange’s founder Changpeng “CZ” Zhao is also pushing for Trump’s administration to grant him a pardon. Last year, CZ served a four-month sentence after he and Binance US pleaded guilty to anti-money laundering violations. A pardon will wipe Zhao’s criminal record away from the registry, meaning he will no longer be regarded as an ex-convict.
The Correlation Between Both Developments
Both the Trump family’s move to acquire a stake in Binance US and CZ’s push for a pardon could intertwine, especially considering that the exchange’s founder is allegedly still the largest shareholder. As such, he could play a major role in Trump’s move to acquire a stake in the top crypto exchange’s US arm.
WSJ also revealed that the talks to acquire a stake in the crypto exchange began after Binance reached out to Trump’s allies in 2024 offering to strike a deal with the family as part of its strategy to revive the exchange’s US arm. It is worth mentioning that the US arm resumed its USD services after Trump took office in January.
According to WSJ, it is still unclear what form the Trump family stake would look like if the deal happens or even whether it would depend on Trump granting CZ a pardon. Meanwhile, the report noted that there is also the possibility of the deal going through World Liberty Financial, which the Trump family has ties with.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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The world’s largest crypto exchange platform by volume is receiving $2 billion worth of investments from a state-owned Emirate investment firm focused on technology and artificial intelligence (AI).
In a new thread on the social media platform X, Binance announces that it will be taking its first institutional investment on record – a staggering $2 billion worth of stablecoins from the wealth fund MGX, the single largest investment in a crypto firm ever.
“MGX, an Abu Dhabi sovereign wealth fund, invests $2 billion in Binance for a minority stake. The transaction will be 100% in crypto (stablecoins), marking it the largest investment transaction done in crypto to date. This is also the first institutional investment Binance has taken. Onwards… Build!”
In a recent press release, Binance notes that the investment was MGX’s first foray into digital assets and that the firm obtained a minority stake in the exchange “as part of a broader strategy to support blockchain’s transformative impact on society.”
The press release notes that Binance CEO Richard Teng used to be CEO of the Abu Dhabi Financial Services Authority, and “played a key role in initiating one of the world’s first crypto regulatory frameworks.”
In a post on the social media platform X, Binance co-founder Yi He said that Binance welcomes investments from sovereign wealth funds, but not financial investors.
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