Standing with communities in need is at the core of what we do.
Binance Charity has donated 61 million LKR, with the SLredcross supporting on-ground implementation, to help families affected by Cyclone Ditwah. The contribution will provide immediate financial relief, helping families regain stability and access essential support as they rebuild.
Binance remain committed to supporting those impacted and the Sri Lankan community. 💛🇱🇰 #SriLanka #Binance
$BTC Bear Market Deepens for Bitcoin & Others: Bitcoin dropped below US$95,000, hitting its lowest level in 6 months. The total decline from recent peaks is around 24%+ for Bitcoin. Other major coins: Ethereum, Solana, and XRP are also down 7 to 9%.One driver: large outflows from Bitcoin focused ETFs (about US$870 million in recent flows) signalling waning institutional demand.Another driver: macro concerns weaker outlook for a Federal Reserve rate cut in December making risk assets (like crypto) less attractive.Also note: “Whales” (large holders) are selling as Bitcoin slides past the $100K threshold, though analysts say it appears more strategic profit taking than panic.Takeaway: The crypto market is under significant stress right now. If you’re holding or watching crypto, risk management is very important.
YGG Play acts as a publisher for casual blockchain games, providing developers with support in areas like growth marketing, player acquisition, and smart contract-enforceable revenue sharing . Their focus is on the "Casual Degen" niche, creating easy-to-play games that are built for a crypto-native audience already familiar with wallets and tokens .
A key project for them has been LOL Land, their first in-house published game, which is a browser-based board game that has generated significant revenue .
$XRP Spot XRP ETF Launches: The asset management firm Canary Capital launched the first U.S. spot ETF for XRP (ticker XRPC).Within just 30 minutes of trading, the fund reportedly amassed $26 million in volume already beating full day expectations.CEO Brad Garlinghouse of Ripple Labs reacted positively on social media, signalling strong institutional interest. Why it matters: Spot ETFs bring a more direct institutional pathway into crypto vs futures or derivatives.For XRP, this marks a major step in mainstream crypto finance acceptance.A high volume launch suggests appetite but the price response and longer term flows are still uncertain.
$BTC $ETH $XRP 📰 Key Updates: 1. ClearToken receives UK regulatory approval: The UK’s Financial Conduct Authority (FCA) has authorised ClearToken a crypto clearing and settlement infrastructure provider backed by major institutions marking a notable step for crypto infrastructure and institutional access in the UK.Why it matters: This signals stronger support for digital asset infrastructure becoming more integrated with mainstream finance.What to watch: Whether other countries follow similar regulatory moves and how institutions respond to this cleared pathway. 2. Bitcoin’s four year cycle may be breaking down: According to Abundant Mines CEO Beau Turner, the predictable four year bullish cycle that Bitcoin has followed historically might be changing.Implication: If true, strategies based on past cycles (e.g., expecting big rallies after halvings) may need reevaluation.What to watch: How Bitcoin behaves relative to historical patterns, and whether this is a temporary deviation or structural change. 3. Crypto markets retreat despite favourable macro signals: Major cryptocurrencies like Bitcoin, Ethereum and XRP slipped today even though the U.S. government shutdown appears to be ending (which could boost risk assets).Insight: The market may be resetting or consolidating ahead of macro data and policy moves.What to watch: Upcoming economic releases, interest rate decisions and how they affect crypto as a risk asset. 4. Another large weekly outflow from crypto investment products: Digital asset investment funds logged about US $1.3 billion in outflows for the second week in a row, with Bitcoin and Ethereum products leading the exit.Interpretation: Despite some positive headlines, investors are still cautious and pulling capital out.What to watch: Whether this trend reverses (indicating renewed confidence) or continues (which could pressure prices).