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Everything You Should Know About Binance Traders League
One of the popular cryptocurrency service providers in the world has launched the ‘Binance Traders League.’ This is believed to be the most interesting crypto trading event of 2024 and is focused on enhancing investors’ trading experience through challenges and adequate rewards. Binance is one the largest & popular crypto exchanges with over 230 million users and has begun this trading league to appreciate and reward the same crypto community.
Talking of rewards, a crypto trader made $3.37M in profits after his Popcat holding grew twice within a month.
Binance Traders League Launched With $10M Price Pool
Over the years, Binance has introduced many things to make crypto trading more accessible for investors. In one such step, they have launched the Binance Traders League with a $10M prize pool. More importantly, they have designed this league in a way that people of different experiences can come together and enjoy it.
This Binance Traders League is divided into two regions. One has already gone live and will run for 20 days, whereas the second part will start later. As per the Binance news, traders with all skill levels can join and complete solo or team-based challenges.
Even the Binance CMO, Rachel Conlan, has expressed her views on this Binance Traders League, saying that it is their mission to provide more accessibility and exciting opportunities for crypto investors. More importantly, the people will get to learn, grow, and even earn significant rewards from this $10 Million prize pool.
Interested participants can join these league challenges by achieving a minimum TV (trading volume) of $500. More importantly, it is available for all crypto traders, including the regular and VIP (levels 1-6). All these users can join and earn rewards with various eligibility criteria, including Return on Investment (ROI), Profit and Loss (PnL), and Trading Volume.
Two Main Competitions of Binance Traders League
As per the official Binance announcement, this crypto trading league will facilitate two main competitions, the Spot Traders League and the Futures Traders League. The $10M prize pool is between these two, where each has different challenges and rewards.
The Spot Traders League is live with a prize pool of $3 million BNB vouchers. Additionally, the best performers can access another $1.5 Million worth of BNB. This also has a bonus task that can make another $200,000 USDC, where the players will have to explore Spot Copy Trading and crypto Trading Bots.
Finally, this league has already begun and will run from October 8 to 28. Here, the participants will be ranked on their total ROI percentage and trading volume percentage.
The second is the Future Traders League, with a prize pool of USDT vouchers worth $7 million. The players can choose to play either Solo or in teams in this category. However, it is important to note that the schedule varies for each category. The Solo trading challenge has already begun since October 8 and will be live till October 28. However, the team crypto trading will begin on October 17 and run until November 6, 2024.
Here, one more important element is that the user can share an additional $700,000 prize pool if they are first-time futures trading.
Final Thoughts
With the Binance Traders League, the exchange has offered a unique trading opportunity. Basically, the traders of all levels can come together, participate in various challenges, and earn up to $10 Million in vouchers and other additional rewards. As per the Binance news, there are two main events in this Short and Futures trading league, each with different timelines, rewards, and ranking criteria, making it much more interesting. Besides, the market is also approaching the Uptober and Crypto market rally. So, this is another opportunity to take advantage of before turning entirely bullish. However, there are certain risks, so an crypto trader should participate in trading and such challenges wisely.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
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 market participants are anticipating more US Crypto ETF additions to the list after the approval of Spot Bitcoin ETF and Spot Ether ETF last year. Some more crypto ETFs that may see the light in 2025 are XRP ETF and Solana ETF, considering a lot of applications have been filed by issuers in November last year. That said a new wave of ETFs is now expected to emerge as Donald Trump prepares himself for the upcoming Presidential inauguration.
Next Wave for US Crypto ETFs
According to a Reuters report, as many as 16 applications have been filed by issuers like VaEck, Canary Capital, and 21Shares. They are trying to get approval for exchange-traded products that would track crypto indices or tokens like XRP and SOL.
This next wave of US Crypto ETFs, which is also likely to include Litecoin ETF and HBAR ETF, stems from two core factors. These are the nomination of Paul Atkins as a successor to Gary Gensler for the SEC Chair and lighter regulations. Gary Gensler has always been seen as an anti-crypto figure who was ‘forced’ to approve Spot Bitcoin ETFs in January last year. Lighter regulations are based on Donald Trump’s commitment to draft crypto-friendly regulations and frameworks that would support the cryptocurrency as well as the technology sphere.
SOL And XRP Price
Anticipation of the next wave of crypto ETFs in the US has had a mixed impact on SOL and Ripple’s XRP. SOL prices today are $191.04, which is up by 0.88% in the last 24 hours. There is also a notable surge in market cap despite a dip in the 24-hours trade volume which is down by 5.29%. Sentiments for SOL are bearish with Open Interest down by 2.15%.
Price movement for XRP is more or less the same. XRP price today is $2.32 which is up by 0.76% in the last 24 hours. The market cap has gained 0.80% with a slip of 31.08% in 24-hours trading volume. Sentiments for XRP are neutral amid the anticipation for the next wave of US Crypto ETFs with Open Interest slightly up by 0.39%.
Flows for Current Crypto ETFs
Amid the anticipation of XRP, Litecoin, HBAR, and SOL ETF, Spot Bitcoin ETF and Spot Ether ETFs recorded heavy outflows on January 08, 2025. Spot Bitcoin ETFs saw an outward movement of $568.8 million with Fidelity’s FBTC leading the chart. It saw an outflow of $258.7 million followed by Ark’s ARKB which recorded an outflow of $148.3 million.
Interstingly, Fidelty’s FETH led outflows for Spot Ether ETFs as well, recording an outward movement of $147.7 million. Grayscale’s ETHE and ETH followed with an outflow of $8.3 million and $3.4 million, respectively.
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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The crypto trading industry’s popularity grew with the spread of exponential investment growth stories. One such story of a crypto trader trends in the market today, as the trader lost 90% of the holdings’ worth before succeeding with the recovery. With that, the crypto investor made $2.5M within two months, bringing an optimistic experience for the rest of the community.
Crypto Trader’s Bold Move Cost Him $1M Before $2.5M Profits
The crypto trading industry gained its name for decentralized transactions and heavy returns, but many trades do not follow the expectation. Lookonchain highlighted an incident supporting the statement, where an enthusiastic crypto trader places trade in hopes of heavy returns. However, the trader faced a $1M loss, with the portfolio losing 90% of its value. Interestingly, the trader’s patience paid off after some time, as the crypto token’s worth grew, bringing a $2.5M profit to the investor.
According to the Lookonchain X post, the crypto investor spent 5,441 SOL, equivalent to $1.15M, and bought 20.46M PIPPIN. This happened two months ago, but volatility took over, crashing the Pippin token by 90%, leaving the investors with only a $1M loss. However, as the Lookonchain regarded the trader ‘diamond hand,’ it stayed patient.
To this day, the trader did not sell any crypto, and over time, the loss turned into $2.5M in profits, with the Pippin token’s recovery on the chart. This portrayed the market’s volatility, where a loss can become a profit and vice versa, depending on the situation. In two months, the aforementioned crypto trader’s $1.15M turned into $3.68M with a PIPPIN price pump.
PIPPIN Price Surge 130% Amid Higher Investor Interest
Pippin is an AI agent that has recently drawn attention in the crypto trading market. Although the token was launched just a few months ago and suffered losses, its demand has increased multiplefold in the last few days due to the increased hype around AI cryptos. As a result, its trading volume grew more than 150%, settling at $116,980,268 today. The PIPPIN price rose 130% to $0.21 from $0.091, gaining a market capitalization of $210,196,191.
Meanwhile, this surge equipped the trader to earn $2.5M in profits; this is not a rare event. Similarly, another crypto investor made three Million in just a few hours. However, along with the profiting incidents, there are losses as well, creating the need for smart investments.
What’s The Lesson Here?
Pippin token’s price performance reflects the volatile nature of the crypto industry, where investor sentiments play a significant role. The token crashed right after the crypto trader’s buy, putting the trader’s portfolio at a 90% loss. However, with time and increased demand for AI-themed cryptocurrencies, PIPPIN price grew, leading to a $2.5M profit for the crypto investor. Eventually, this journey from a $1M loss to a $2.5m profit hints at how the market often fluctuates and how the right crypto trading strategies and patience could defeat the volatility.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
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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Cryptocurrency prices today indicate a bearish trend for Bitcoin (BTC) and major altcoins like Ethereum (ETH) and XRP. Bitcoin touched a low of $92,000, while ETH slipped by approximately 2.51% and XRP declined by 3%. These drops come as the market awaits the release of U.S. jobs data, expected later today. A strong labor market report could influence interest rate expectations, which may further impact crypto valuations.
The global crypto market cap fell by approximately 1.68%, now standing at $3.25 trillion. Additionally, overall trading volume saw an 11% drop, settling at $155 billion. Meanwhile, the Fear and Greed Index sits at 43, signaling neutral sentiment in the market.
Crypto Prices Today: BTC, ETH, XRP, and SOL Struggle to Hold Key Levels
Bitcoin (BTC) dropped to $92,000, continuing its bearish trend, while Ethereum (ETH) fell by 2.51%. XRP declined by 3%, and Solana (SOL) recorded losses amid overall market weakness. Meanwhile, CleanSpark announced that it has mined over 10,000 BTC in its treasury, showcasing resilience despite market volatility.
Bitcoin Price Today
Bitcoin (BTC) price was trading at $93,433 after hitting a low of $91,231 earlier in the day. The leading cryptocurrency was down by 1% at the time of writing. Its market cap has once again fallen below the $2 trillion mark, now standing at $1.85 trillion. As per Coinglass data, in the last 12 hours, Bitcoin saw a liquidation of $43 million, with $33 million from long positions and $9 million from short positions.
Ethereum Price Today
Ethereum (ETH) was trading at $3,245, down 2.55% in the past 24 hours. Its 24-hour low was $3,159, while the high touched $3,341. Crypto prices today remained bearish, but a CoinGape analyst suggested ETH could potentially hit its all-time high, as Fidelity deposited 103 million ETH into Coinbase, sparking fresh market interest.
XRP Price Today
XRP was trading at $2.28, reflecting a 3% drop in the last 24 hours. Its 24-hour low stood at $2.23, while the high reached $2.36. In other news, on-chain data revealed that Ripple Labs transferred 300 million XRP to an anonymous wallet, sparking concerns of a potential sell-off in the market.
Solana Price Today
Solana (SOL) was trading at $188, down by approximately 4% in the last 24 hours. Its 24-hour low was $182, while the high reached $195. The coin is facing some downward pressure, continuing the bearish trend in the broader market.
Top Cryptocurrency Gainer Prices Today
As per crypto prices today, here are the top 5 crypto gainers over the last 24 hours:
Kaia (KAIA)
Price: $0.21
24-hour gain: +3%
Litecoin (LTC)
Price: $103.93
24-hour gain: +2.15%
BitTorrent (BTT)
Price: $0.000001161
24-hour gain: +2.06%
Movement (MOVE)
Price: $0.88
24-hour gain: +2%
KuCoin Token (KCS)
Price: $10.60
24-hour gain: +1.67%
Top Cryptocurrency Loser Prices Today
As per crypto prices today, here are the top 5 crypto losers over the last 24 hours:
THORChain (RUNE)
Price: $3.27
24-hour loss: -17%
SPX6900 (SPX)
Price: $1.17
24-hour loss: -10%
Bittensor (TAO)
Price: $430.80
24-hour loss: -7.15%
Dogwifhat (WIF)
Price: $1.57
24-hour loss: -6.84%
Virtual Protocols (VIRTUAL)
Price: $3.21
24-hour loss: -6%
Meme Crypto Prices Today
Meme crypto has shown a mixed reaction as Bitcoin touched the $92K mark. Dogecoin (DOGE) was down by approximately 4%, trading at $0.326, while Shiba Inu (SHIB) was trading at the same price as yesterday, with a slight gain, now at $0.00002129.
Other top meme coins such as PEPE, PENGU, and BONK are down by approximately 4% in the last 24 hours.
On a more positive note, the hourly chart suggests some recovery, as Bitcoin and major altcoins are in the green in the last hour. AI16Z has been the top performer, up by 2% in the past hour.
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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