Binance Square March 24 News

🔹 Market Trends

• Bitcoin: $71250 (24h +3.7%), peaked and then fell back, with a fluctuation of over $4000

• Ethereum: $2168 (24h +3.9%), back above $2150

• BNB: $636.56 (24h +1.94%), daily high of $648.42, low of $625.23

• Total liquidation in 24h across the network: $555 million, involving 203,000 accounts, with long positions accounting for over 80%

🔹 Platform Announcements

• On March 27 at 14:00 (UTC+8), some leveraged trading pairs will be delisted: full margin including XRP/BNB, AXS/BTC, etc.; isolated margin including AVAX/ETH, F/USDC, etc., system will automatically close and settle positions

• On April 1 at 03:00 (UTC), 8 tokens will be delisted: A2Z, SXP, FORTH, HOOK, IDEX, LRC, NTRN, RDNT, with Binance Pay-related functionalities being removed on March 24 at 03:00

• Lowering the BNB holding and 30-day contract trading volume thresholds for VIP levels 1-3, effective from March 19, with contract rebate scope expanding to VIP 2

🔹 On-chain and Institutions

• Institution BitMine increased its holdings by 65341 ETH in a single day, with total holdings of 4.661 million ETH (accounting for 3.86% of total supply)

• BNB Chain has 4.4 million daily active users, with a daily stablecoin transfer volume of $21.7 billion, surpassing Ethereum and Solana

🔹 Highlights and Dynamics

• On March 24, the Hong Kong Monetary Authority issued the first batch of stablecoin issuer licenses, allowing compliant institutions to enter licensed operations

• The New York Stock Exchange lifted the limit of 25,000 contracts on Bitcoin/Ethereum spot ETF options, with the cap potentially increasing to 250,000 contracts