According to Odaily, Hong Kong-based virtual asset management company Pan Du has received an important regulatory update. Its first-class (securities trading) and fourth-class (providing securities opinions) regulated businesses have been approved by the Hong Kong Securities and Exchange Commission. Pan Du is now authorized to offer distribution and investment advisory services for funds with a virtual asset investment ratio of more than 10%. Essa mudança representa um passo significativo para a empresa, permitindo que ela expanda seus serviços e alcance um mercado mais amplo1.

According to CryptoPotato, Bitcoin has recovered to $57,000 after a dip below $54,000, with analysts predicting a potential bull run that could reach $123,000. This rally comes after a challenging period for Bitcoin bulls, as the asset's price briefly fell below $54,000 for the first time in five months. Despite this, the cryptocurrency managed to recover some of its losses over the weekend and is currently trading around $57,000, marking a 9% drop on the weekly scale. Several industry participants believe another bull run could be on the horizon. An analyst, known as BATMAN, has suggested that the Bitcoin price chart is forming “a huge cup and handle pattern.” This pattern, if it plays out as expected, could see Bitcoin's price target reach $123,000, indicating substantial upside from current levels. The “cup and handle” is a technical chart pattern often used to identify potential bullish momentum in various markets, including cryptocurrencies. The “cup” signals a period of consolidation or a rounded bottom, followed by the “handle,” typically a downward-sloping channel. Some traders believe that the appearance of this formation could indicate a great buying opportunity

According to CoinDesk, the CoinDesk 20 Index, a broad-based index traded on multiple platforms across the world, showed a positive market trend. The index is currently trading at 1,959.12, marking an increase of 3.2% (+60.03) since the close of trading last Friday. Of the 20 assets, 19 are trading higher. The leaders in this upward trend are FIL, up 8.6%, and LINK, up 8.4%. On the other hand, HBAR and BTC did not perform as well, with HBAR seeing a drop of 1.5% and BTC only increasing by 1.2%. The CoinDesk 20 Index is a significant indicator of digital asset performance and its current upward trend indicates positive market movement. The performance of the index is closely monitored by investors and traders as it provides an overview of the market's main digital assets.#binancenews $BNB

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According to Odaily, Stake DAO announced that PrimeDAO has introduced three new voting incentives on the Balancer Votemarket. The new incentives aim to encourage greater participation in the decision-making process. Further details about the nature of these incentives were not provided in the notice. This move is seen as part of PrimeDAO's ongoing efforts to improve its governance model and promote a more inclusive and democratic ecosystem. Balancer Votemarket, where these incentives were introduced, is a well-known platform in the decentralized finance (DeFi) space, offering a variety of services including liquidity provision and automated wallet management. The introduction of these new incentives by PrimeDAO on the Balancer Votemarket platform is expected to attract more users and stakeholders to participate in the governance of the DAO. This could potentially lead to a more robust and effective decision-making process, ultimately benefiting the entire ecosystem. Stake DAO's announcement was met with positive responses from the community, indicating a general approval of PrimeDAO's efforts to improve its governance structure. However, the real impact of these new incentives on participation fees and PrimeDAO's overall governance remains to be seen.$BTC #BinanceTurns7 #bitcoin

According to Odaily, Justin Bons, founder of Cyber ​​Capital, expressed concerns about the top 10 Tier 2 (L2) platforms based on market capitalization. He argues that these platforms represent a centralized dystopian nightmare due to the potential misuse of multi-signature features. Bons pointed out that platforms such as Arbitrum, Base, Optimism, Blast, ZKsync Era, Linea, Mantle, Scroll, Starknet, and Manta Pacific could misuse the multi-signature features to steal all users' funds. He further explained that authorized bidders on these platforms could also exploit these capabilities, and centralized operators could take advantage of Miner Extractable Value (MEV). Furthermore, centralized classifiers and validators could censor and freeze all user funds. For example, on the Blast platform, if there is not enough liquidity on the bridge, user funds could be frozen. Similarly, on the Mantle and Manta Pacific platforms, if external data is not available, users' funds may be lost. These platforms also have centralized validators that can freeze all funds. Bons' comments highlight the potential risks associated with the centralization of L2 platforms. Their concerns highlight the need for more decentralized systems to ensure the security and integrity of users' funds. The potential misuse of multi-signature capabilities and the ability for centralized operators to exploit MEV are significant concerns that need to be addressed to ensure the security of these platforms.#BinanceSquareFamily #binancenews