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BNB’s token is multi-purposed, often depending on the user and which Binance products they wish to use. It can be used as a currency like in the case of Binance’s venture capital arm, a token of Binance’s smart contract blockchain called Binance Chain. It can also be used as a trading pair with built-in discounts like when used on the Binance exchange. BNB also has speculative value nearer to equity rather than a currency with a buyback and burn function.  The BNB Chain is comprised of the BNB Smart Chain, BNB Beacon Chain, sidechains, and rollups. The Beacon Chain is the layer dedicated to protocol governance via staking and voting, whereas the BNB Smart Chain is the layer dedicated to the consensus and execution of the Ethereum Virtual Machine (EVM). The BNB Beacon Chain facilitates the trades for the Binance decentralized exchange (DEX), which is based on a peer-to-peer distributed system utilizing Tendermint Byzantine Fault Tolerance (BFT) consensus. $BNB
BNB’s token is multi-purposed, often depending on the user and which Binance products they wish to use. It can be used as a currency like in the case of Binance’s venture capital arm, a token of Binance’s smart contract blockchain called Binance Chain. It can also be used as a trading pair with built-in discounts like when used on the Binance exchange. BNB also has speculative value nearer to equity rather than a currency with a buyback and burn function. 

The BNB Chain is comprised of the BNB Smart Chain, BNB Beacon Chain, sidechains, and rollups. The Beacon Chain is the layer dedicated to protocol governance via staking and voting, whereas the BNB Smart Chain is the layer dedicated to the consensus and execution of the Ethereum Virtual Machine (EVM). The BNB Beacon Chain facilitates the trades for the Binance decentralized exchange (DEX), which is based on a peer-to-peer distributed system utilizing Tendermint Byzantine Fault Tolerance (BFT) consensus.

$BNB
Why the Crypto Market Is Crashing Today: Key Factors Behind the Drop   Coinpedia 5h Follow The post Why the Crypto Market Is Crashing Today: Key Factors Behind the Drop appeared first on Coinpedia Fintech News In the last 24 hours, the cryptocurrency market has witnessed a damaging drop of 7.9%. Almost all the major cryptos have suffered the impact of the overall crypto market decline. Importantly, yesterday, the altcoin market sharply declined from $1.49T to $1.38T. The latest crypto trend bearish turn is seen as a consequence of the US market downfall and the strengthening of the US dollar against major currencies. Yesterday, the S&P 500 index slipped from around $5,993.96 to $5,909.02. However, experts believe that the bull trend in the crypto market remains intact. Is now the time to buy into Bitcoin’s dip? Let’s explore.  What Caused the Crypto Market Correction?  On January 7, the S&P 500 displayed a severe single day drop of 1.38%. Several prominent US stocks, Tesla and Nvidia, showed similar trends on the same day.  #CryptoMarketDip
Why the Crypto Market Is Crashing Today: Key Factors Behind the Drop





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The post Why the Crypto Market Is Crashing Today: Key Factors Behind the Drop appeared first on Coinpedia Fintech News

In the last 24 hours, the cryptocurrency market has witnessed a damaging drop of 7.9%. Almost all the major cryptos have suffered the impact of the overall crypto market decline. Importantly, yesterday, the altcoin market sharply declined from $1.49T to $1.38T. The latest crypto trend bearish turn is seen as a consequence of the US market downfall and the strengthening of the US dollar against major currencies. Yesterday, the S&P 500 index slipped from around $5,993.96 to $5,909.02. However, experts believe that the bull trend in the crypto market remains intact. Is now the time to buy into Bitcoin’s dip? Let’s explore. 

What Caused the Crypto Market Correction? 

On January 7, the S&P 500 displayed a severe single day drop of 1.38%. Several prominent US stocks, Tesla and Nvidia, showed similar trends on the same day. 

#CryptoMarketDip
 Binance recently announced the launch of Solv Protocol (SOLV) on their new platform, Binance Megadrop. This article explores Solv Protocol, a Bitcoin staking solution designed to unlock the potential of idle Bitcoin assets and integrate them into the DeFi ecosystem. We'll also delve i Solv Protocol: Bitcoin Reserve for Everyone Solv Protocol aims to be the on-chain Bitcoin reserve, enabling users to earn yields on their Bitcoin holdings without sacrificing liquidity. Through their Staking Abstraction Layer (SAL) and SolvBTC tokens (Liquid Staking Tokens), Solv empowers both retail and institutional investors to:   Access Diverse Yield Opportunities: Earn interest on Bitcoin through various DeFi strategies like staking, liquidity provision, and yield farming.   Maintain Liquidity: Unlike traditional staking methods that lock up your Bitcoin, SolvBTC.LSTs remain liquid, allowing you to trade them freely on different exchanges. Seamless DeFi Integration: Solv acts as a bridge between Bitcoin and DeFi, enabling users to leverage their Bitcoin holdings across various DeFi protocols. Security and Transparency Solv prioritizes security by employing a transparent Proof-of-Reserve (PoR) system. This system allows users to verify in real-time that every SolvBTC token is backed 1:1 by either Bitcoin or a trusted wrapped Bitcoin asset. Solv also undergoes regular security audits by leading firms to ensure the safety of user funds.    Solv vs. MicroStrategy's Approach to Bitcoin Reserves While both Solv and MicroStrategy hold Bitcoin reserves, their approaches differ significantly: Goal: Solv focuses on maximizing Bitcoin's utility by enabling users to earn yields. MicroStrategy aims to preserve and increase company treasury reserves through Bitcoin price appreciation.   Strategy: Solv utilizes a yield-generating mechanism to transform Bitcoin into an income-producing asset. MicroStrategy adopts a "buy and hold" strategy, accumulating Bitcoin for long-term value storage.   #BinanceMegadropSolv


Binance recently announced the launch of Solv Protocol (SOLV) on their new platform, Binance Megadrop. This article explores Solv Protocol, a Bitcoin staking solution designed to unlock the potential of idle Bitcoin assets and integrate them into the DeFi ecosystem. We'll also delve i

Solv Protocol: Bitcoin Reserve for Everyone

Solv Protocol aims to be the on-chain Bitcoin reserve, enabling users to earn yields on their Bitcoin holdings without sacrificing liquidity. Through their Staking Abstraction Layer (SAL) and SolvBTC tokens (Liquid Staking Tokens), Solv empowers both retail and institutional investors to:  

Access Diverse Yield Opportunities: Earn interest on Bitcoin through various DeFi strategies like staking, liquidity provision, and yield farming.  

Maintain Liquidity: Unlike traditional staking methods that lock up your Bitcoin, SolvBTC.LSTs remain liquid, allowing you to trade them freely on different exchanges.

Seamless DeFi Integration: Solv acts as a bridge between Bitcoin and DeFi, enabling users to leverage their Bitcoin holdings across various DeFi protocols.

Security and Transparency

Solv prioritizes security by employing a transparent Proof-of-Reserve (PoR) system. This system allows users to verify in real-time that every SolvBTC token is backed 1:1 by either Bitcoin or a trusted wrapped Bitcoin asset. Solv also undergoes regular security audits by leading firms to ensure the safety of user funds.  



Solv vs. MicroStrategy's Approach to Bitcoin Reserves

While both Solv and MicroStrategy hold Bitcoin reserves, their approaches differ significantly:

Goal: Solv focuses on maximizing Bitcoin's utility by enabling users to earn yields. MicroStrategy aims to preserve and increase company treasury reserves through Bitcoin price appreciation.  

Strategy: Solv utilizes a yield-generating mechanism to transform Bitcoin into an income-producing asset. MicroStrategy adopts a "buy and hold" strategy, accumulating Bitcoin for long-term value storage.  

#BinanceMegadropSolv
Binance Announces the 2nd Binance Megadrop Featuring Lista (LISTA); Participate Through BNB Locked Products or Web3 Quests Binance has announced the 2nd project on Binance Megadrop, Lista (LISTA), a decentralized protocol for liquid staking and stablecoins. Starting at 00:00:00 (UTC) on May 30, 2024, users can partake in the Lista Megadrop. The Megadrop page will appear in the Binance App within the next 24 hours. #BinanceMegadropSolv
Binance Announces the 2nd Binance Megadrop Featuring Lista (LISTA); Participate Through BNB Locked Products or Web3 Quests

Binance has announced the 2nd project on Binance Megadrop, Lista (LISTA), a decentralized protocol for liquid staking and stablecoins. Starting at 00:00:00 (UTC) on May 30, 2024, users can partake in the Lista Megadrop. The Megadrop page will appear in the Binance App within the next 24 hours.

#BinanceMegadropSolv
Binance Announces the 2nd Binance Megadrop Featuring Lista (LISTA); Participate Through BNB Locked Products or Web3 Quests Binance has announced the 2nd project on Binance Megadrop, Lista (LISTA), a decentralized protocol for liquid staking and stablecoins. Starting at 00:00:00 (UTC) on May 30, 2024, users can partake in the Lista Megadrop. The Megadrop page will appear in the Binance App within the next 24 hours. #BinanceMegadropSolv
Binance Announces the 2nd Binance Megadrop Featuring Lista (LISTA); Participate Through BNB Locked Products or Web3 Quests

Binance has announced the 2nd project on Binance Megadrop, Lista (LISTA), a decentralized protocol for liquid staking and stablecoins. Starting at 00:00:00 (UTC) on May 30, 2024, users can partake in the Lista Megadrop. The Megadrop page will appear in the Binance App within the next 24 hours.

#BinanceMegadropSolv
Bitcoin hashrate? Sounds confusing, but its not. Learn the role Bitcoin’s hashrate plays, why its important and what the current BTC hashrate is today: July 26th, 2024. #BitcoinHashRateSurge
Bitcoin hashrate? Sounds confusing, but its not. Learn the role Bitcoin’s hashrate plays, why its important and what the current BTC hashrate is today: July 26th, 2024.

#BitcoinHashRateSurge
when its up
when its up
zeonk
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Bullish
$PNUT TECHNICAL ANALYSIS!
#TrumpBTCBoomOrBust #PNUTMoon🚀
#BitcoinHashRateSurge
1. Current Price: The current price of PNUT/USDT is approximately 0.7319.

2. Support Level: There's a visible support level at around 0.7295.

3. Resistance Levels:

TP1 is identified at approximately 0.8 (9.08% potential gain from current levels).

TP2 is set at around 0.9 (19.11% potential gain from current levels).

4. Stop Loss: A stop-loss level is marked at 0.7, which is about a 4.99% loss from the current price.

5. Trendline Breakout: The chart shows a breakout from a descending triangle or consolidation pattern, typically bullish.

6. Indicators: The Heikin Ashi candles and breakout direction suggest a bullish sentiment.

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Predictions:

Upside Potential:

If the price sustains above the 0.7295 support and confirms the breakout, it can move toward TP1 (0.8) and then TP2 (0.9) as bullish targets.

Breaking 0.8 could attract more buying pressure.

Downside Risk:

If the price fails to hold above 0.7295, it could retest 0.7 and possibly go lower to around 0.6138, the next major support level.

This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves significant risk, and you should only trade with funds you can afford to lose. Conduct your own research or consult a professional before making any financial decisions.
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Nice
Nice
A Guide
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Here are some key facts about bio Coin:

Basic Information
1. *Token Symbol*: BIO
2. *Token Type*: Utility Token
3. *Blockchain*: Binance Smart Chain (BSC)

Tokenomics
1. *Total Supply*: 1,000,000,000 BIO
2. *Circulating Supply*: 200,000,000 BIO (20% of total supply)
3. *Token Distribution*:
1. *Private Sale*: 30%
2. *Public Sale*: 20%
3. *Team and Advisors*: 15%
4. *Ecosystem Development*: 35%

Use Cases
1. *Data Sharing*: BIO Coin enables secure and transparent data sharing in the biotechnology sector.
2. *Research Collaboration*: The token facilitates collaboration among researchers, scientists, and institutions.
3. *Incentivization*: BIO Coin's token economy incentivizes contributors to share data, participate in research, and drive innovation.

Partnerships and Listings
1. *Binance Listing*: BIO Coin is listed on Binance, one of the world's leading cryptocurrency exchanges.
2. *Strategic Partnerships*: BIO Coin has partnered with various biotechnology companies, research institutions, and blockchain projects.

Roadmap
1. *Q1 2023*: BIO Coin's mainnet launch and token distribution.
2. *Q2 2023*: Development of the BIO Coin ecosystem, including data sharing and research collaboration platforms.
3. *Q3 2023*: Expansion of strategic partnerships and listings on additional cryptocurrency exchanges.

#ReboundRally
Despite being just a day away from Christmas Eve, the crypto market shows no signs of recovery, as Bitcoin, the flagship crypto asset, has failed to stay above $100,000. #XmasCryptoMiracles
Despite being just a day away from Christmas Eve, the crypto market shows no signs of recovery, as Bitcoin, the flagship crypto asset, has failed to stay above $100,000.

#XmasCryptoMiracles
we are waiting...
we are waiting...
Hadiqa Crypto Master
--
Bullish
Despite the current FUD surrounding $PNUT , it's important to consider key points before making any decisions. Firstly, over 40% of the $PNUT supply is held by Binance users, meaning any move to delist the token would be highly detrimental to their user base, making such an action unlikely. Secondly, $PNUT was launched on PumpFun, a community-driven platform, which means concerns around its IP or logo can be addressed and adjusted as needed. While I'm not a holder myself, traders should conduct their own research (DYOR) to assess potential opportunities in the evolving landscape of $PNUT.
#Pnut #BTCNextMove #BinanceLaunchpoolBIO
U.S. stock indexes posted their biggest weekly gains of 2023, reversing course just a week after the S&P 500 and the NASDAQ entered correction territory following recent declines. The NASDAQ surged 6.6%, the S&P 500 added 5.9%, and the Dow rose 5.1%. #ReboundRally
U.S. stock indexes posted their biggest weekly gains of 2023, reversing course just a week after the S&P 500 and the NASDAQ entered correction territory following recent declines. The NASDAQ surged 6.6%, the S&P 500 added 5.9%, and the Dow rose 5.1%.

#ReboundRally
See original
$BTC It is in bearish mode.
$BTC

It is in bearish mode.
See original
nice
nice
Binance Announcement
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Introducing BIO Protocol (BIO) on Binance Launchpool! Farm BIO by Locking BNB and FDUSD
IMPORTANT: Binance will be the first platform to list the token mentioned herein, with trading starting at 2025-01-03 10:00 (UTC). Any claims to offer this token for sale before the stated timeline are likely to be false advertising. Please do your own research to ensure safety of your funds!
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce the 63rd project on Binance Launchpool - BIO Protocol (BIO), a curation and liquidity protocol for Decentralized Science (DeSci). The webpage is estimated to be available in 12 hours, before the Launchpool starts.
Users will be able to lock their BNB and FDUSD to receive BIO airdrops over ten days, with farming starting from 2024-12-24 00:00 (UTC).
Listing
Binance will then list BIO at 2025-01-03 10:00 (UTC) and open trading with BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY trading pairs. The Seed Tag will be applied to BIO.
BIO Launchpool Details:
Token Name: BIO Protocol (BIO)Max Token Supply: 3,320,000,000 BIO (dynamic, may increase via network governance) Total Genesis Token Supply: 3,320,000,000 BIO Launchpool Token Rewards: 99,600,000 BIO (3% of total genesis token supply)Initial Circulating Supply When Listed on Binance Spot: 1,296,529,168 BIO (39.05% of total genesis token supply)Research Report: BIO Protocol (BIO) (will be available within 12 hours of publishing this announcement)Token Contract/ Network Details: Ethereum (0xcb1592591996765Ec0eFc1f92599A19767ee5ffA)Launchpool Terms will apply. Users are required to complete KYC to Binance’s satisfaction.
Hourly Hard Cap per User: 35,275 BIO in BNB pool6,225 BIO in FDUSD pool
Supported Pools:
Lock BNB (webpage will be available in around 12 hours): 84,660,000 BIO in rewards (85%) Lock FDUSD (webpage will be available in around 12 hours): 14,940,000 BIO in rewards (15%)Farming Period: 2024-12-24 00:00 (UTC) to 2025-01-02 23:59 (UTC).
BIO Farming Accumulation
Dates (00:00:00 - 23:59:59 UTC each day)Total Daily Rewards (BIO)BNB Pool Daily Rewards (BIO)FDUSD Pool Daily Rewards (BIO)2024-12-24 - 2025-01-029,960,0008,466,0001,494,000
Project Links
WebsiteXWhitepaper
Please note:
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour. Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their Spot Accounts at any time.Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.Tokens can only be locked in one Launchpool offer at a time. For example, if User A has 100 BNB, they cannot lock 100 BNB in Launchpool offer A and concurrently lock some or all of that BNB in Launchpool offer B. However, User A can divide their BNB holdings across multiple Launchpool offers. For example, User A can allocate 60 BNB into Launchpool offer A and 40 BNB into Launchpool offer B.Tokens can only be locked in one pool at a time when the user locked BNB in BNB Earn Products. For example, User A cannot lock the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Tokens can only be locked in one pool at a time. For example, User A cannot lock the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.Users will be able to unlock their funds at any time with no delay and participate in any other available Launchpools immediately.Tokens locked in each Launchpool and any unclaimed rewards will be automatically transferred to each user’s Spot Accounts at the end of each farming period.Users who have locked their BNB in Flexible Products and Locked Products, including Binance BNB Simple Earn Flexible Products and Locked Products, will automatically participate in the Launchpool and receive new token rewards.If there is more than one Launchpool project running concurrently, users' BNB assets in BNB Flexible Products and Locked Products will be split and allocated into each project equally, unless otherwise specified.BNB Flexible Products assets used as collateral for Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.Staked Lista BNB (slisBNB) and Lista collateral BNB (clisBNB) in Binance MPC Wallet will be supported in Launchpool reward calculation.BNB locked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops and VIP benefits.Trading Bots, Spot Copy Trading, and Spot Algo Order services will be enabled for the aforementioned token within 12 hours of it being listed on Spot. For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the Launchpool, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses, and any other activity in connection with unlawful, fraudulent, or harmful purposes.Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. Currently, users residing in the following countries or regions will not be able to participate in farming BIO: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of UkraineThis list may be updated periodically at Binance’s discretion.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-23
read
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Mila Rose
--
Bullish
$PNUT

/USDT Soars Targets Revealed!💥💯🎯

Entry Zones:

Pullback Entry: 0.7100 - 0.7200 USDT

Breakout Entry: Above 0.7500 USDT

Targets:

1. 0.7800 USDT

2. 0.8000 USDT

3. 0.8500 USDT

Stop Loss: Below 0.7000 USDT

Exit Strategy:

Partial profit at 0.7800 USDT and adjust stop-loss to breakeven.

Secure profits near 0.8000 USDT and evaluate further momentum.

With PNUT/USDT gaining 8.31% in the last 24 hours, trading volume surging to 255.65M PNUT, and a 24h high of 0.7487 USDT, this setup could help capture potential opportunities. Adjust levels as per real-time market changes.

#BTCNextMove #USUALAnalysis #CorePCESignalsShift #USJoblessClaimsFall #GrayscaleSUITrust
wonderful
wonderful
Binance Square Official
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Bitcoin is at a crossroads after recent market fluctuations. Will it rebound to new highs, or is a deeper correction ahead?

What’s your view on BTC’s next move? Join the discussion and share your analysis!

Create a post with #BTCNextMove or the $BTC Coinpair to unlock a share of 5,000 USDC token vouchers and earn Binance points.

Don’t forget to Check-in at the Square task center for your participation to count. (Creator Center > Check-in)

More campaign details here.
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hello
hello
Blockonomi
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PNUT Memecoin Faces Legal Challenge from Peanut the Squirrel’s Owner
TLDR

Mark Longo, owner of viral internet sensation Peanut the Squirrel, sent a cease and desist letter to Binance for alleged copyright infringement over PNUT memecoin

PNUT memecoin reached a $2.27 billion market cap after Binance listing on November 11th, but dropped 10.2% following the legal warning

The legal letter demands Binance stop using Peanut’s image and trademark by December 31st, 2024

Longo has previously launched his own memecoins (JUSTICE and JFP) in protest of others profiting from his late pet

PNUT is currently trading at $1.10, maintaining a market cap above $1 billion despite recent controversy

A new legal dispute has emerged in the cryptocurrency world as Mark Longo, owner of the late internet celebrity Peanut the Squirrel, takes action against major crypto exchange Binance over alleged copyright violations related to the PNUT memecoin.

Longo, known online as “Peanuts Dad,” announced on Sunday that his legal team had sent a cease and desist letter to Binance. The letter accuses the cryptocurrency exchange of unauthorized use of intellectual property, specifically referring to a copyrighted photograph of Peanut wearing a cowboy hat and the trademarked names “PEANUT THE SQUIRREL and PNUT.”

The story behind PNUT began with Peanut’s rise to internet fame through Longo’s viral videos, which attracted over half a million Instagram followers. However, tragedy struck when authorities seized Peanut and another rescued animal, Fred the raccoon, from Longo’s home. Both animals were euthanized for rabies testing, as current CDC protocols don’t allow for testing living animals.

Public outrage over Peanut’s death led to criticism from lawmakers and sparked the creation of several memecoins. Among these, the Solana-based PNUT token quickly gained traction in the crypto market, reaching a market capitalization of $120 million within its first week.

The token’s growth accelerated after Binance listed PNUT for spot trading on November 11th. This move catalyzed a price surge that pushed the memecoin into the top 10 by market capitalization, eventually reaching a peak of $2.27 billion in value.

For the past month, PNUT has maintained a market capitalization above $1 billion, with its price fluctuating between $1.80 and $1.00. However, the recent legal challenge has caused market uncertainty, leading to a 10.2% price drop from $1.17 to $1.05 within 24 hours of the announcement.

The cease and desist letter sets a deadline of December 31st, 2024, for Binance to acknowledge receipt and confirm they have stopped all activities that allegedly infringe on Longo’s intellectual property rights. Longo has indicated that this is just the first of several legal notices to be issued to various crypto exchanges.

This isn’t Longo’s first involvement with memecoins. He has previously expressed strong opposition to others profiting from his deceased pet’s image. In response, he launched his own memecoin called Justice for Pnut and Fred (JUSTICE), though this project faced criticism over insider trading allegations.

More recently, Longo promoted another token, Justice for Peanut (JFP), in the same post where he announced the legal action against Binance. This token experienced a dramatic 159% price increase following his post but quickly lost these gains.

1/ $JUSTICE is heavily controlled (~80%)

Mark Longo (@Squirrel_Dad12) accused the crypto community of profiting from the death of his squirrel, Peanut

In response, he launched a memecoin: JUSTICE

Let’s break it down ↓ pic.twitter.com/6WTBHUHs1y

— Bubblemaps (@bubblemaps) November 25, 2024

The legal notice specifically targets Binance’s use of Peanut’s image and associated trademarks in their listing and promotion of the PNUT token. The letter argues that these elements are being used without proper authorization from Longo, who holds the rights to Peanut’s intellectual property.

Trading data shows that PNUT has experienced increased volatility since the legal challenge became public. The token’s current trading price of $1.10 represents a 5.1% decline in the daily timeframe, though it continues to maintain a substantial market presence.

Market observers have noted that despite the legal uncertainty, PNUT’s trading volume remains active across various exchanges. The token continues to hold its position as one of the larger memecoins by market capitalization, even as it faces these legal challenges.

The timing of the legal action comes during a period of increased scrutiny of memecoins in the cryptocurrency market. Various regulatory bodies have been examining the role and impact of these tokens in the broader crypto ecosystem.

The post PNUT Memecoin Faces Legal Challenge from Peanut the Squirrel’s Owner appeared first on Blockonomi.
BNB, the Binance coin, is a cryptocurrency issued by the exchange of the same name. It trades with its own unique symbol and is currently located on the Ethereum blockchain with a standard ERC 20. It has a maximum cap of 200 million tokens, and this Bitcoin-like feature maintains the supply finite, thereby making the token scarcer and more attractive to consumers. The coin also powers the BNB Chain ecosystem, making it one of the most popular utility tokens in the world. Apart from that, the crypto has also made a name for itself across various use cases and applications. This is precisely why investors who have begun adding the tokens to their portfolios have started looking into additional ways to boost their revenue.  #1BnbDailyShare
BNB, the Binance coin, is a cryptocurrency issued by the exchange of the same name. It trades with its own unique symbol and is currently located on the Ethereum blockchain with a standard ERC 20. It has a maximum cap of 200 million tokens, and this Bitcoin-like feature maintains the supply finite, thereby making the token scarcer and more attractive to consumers. The coin also powers the BNB Chain ecosystem, making it one of the most popular utility tokens in the world. Apart from that, the crypto has also made a name for itself across various use cases and applications. This is precisely why investors who have begun adding the tokens to their portfolios have started looking into additional ways to boost their revenue. 

#1BnbDailyShare
Bitcoin, the original cryptocurrency, has been on a wild ride since its creation in 2009. Earlier this year, the price of one Bitcoin surged to over $60,000, an eightfold increase in 12 months. Then it fell to half that value in just a few weeks. Values of other cryptocurrencies such as Dogecoin have risen and fallen even more sharply, often based just on Elon Musk’s tweets. Even after the recent fall in their prices, the total market value of all cryptocurrencies now exceeds $1.5 trillion, a staggering amount for virtual objects that are nothing more than computer code. $BTC
Bitcoin, the original cryptocurrency, has been on a wild ride since its creation in 2009. Earlier this year, the price of one Bitcoin surged to over $60,000, an eightfold increase in 12 months. Then it fell to half that value in just a few weeks. Values of other cryptocurrencies such as Dogecoin have risen and fallen even more sharply, often based just on Elon Musk’s tweets. Even after the recent fall in their prices, the total market value of all cryptocurrencies now exceeds $1.5 trillion, a staggering amount for virtual objects that are nothing more than computer code.

$BTC
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