Binance Wallet Says PancakeSwap Liquidity Providers Will Share $300,000 in CAKE Bonus Trading Fees
Binance Wallet announced on X that, from today until Aug 10th, users who add liquidity to selected PancakeSwap liquidity pools through Binance Wallet DeFi can lock in a share of $300,000 in bonus trading fees paid in CAKE. The post also noted that real-time APR is subject to change.
Participation Details: The announcement outlined an in-app path for participating via the Binance App. Users are directed to open Wallet, then Homepage, then DeFi, then Bonus, then Liquidity Pools, and then add liquidity to the selected PancakeSwap pools. The post specified that the bonus trading fees are in CAKE and that eligibility is tied to adding liquidity to the selected pools during the stated period.
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Bitcoin (BTC) price has bounced back to stabilize above the 61,000
dollar mark after a brutal liquidation wave hit the crypto market, wiping out 150 billion dollars in market value within days.
The market is currently in a state of extreme caution and sharp volatility driven by geopolitical and economic factors. [1, 2, 3] Here’s a quick summary of the key events and updates in the crypto space right now: Price action and technical rebound
* Bitcoin (BTC): currently trading near 62,500 dollars, having rebounded from its lowest point during the rapid crash at 59,227 dollars.
Despite the recovery, the market remains fragile. [4, 5] * Ethereum (ETH): the coin has stabilized around 1,618 dollars, after plummeting earlier due to overall selling pressure in the market. [3, 5, 6]
* Liquidation wave: the value of long positions liquidated reached about 1.6 billion dollars, which intensified the rapid drop before buyers stepped in to support prices. [4]
Technical analysis for price $ETH #ETH #ETH🔥🔥🔥🔥🔥🔥 #إيثيريوم #ايثيريوم Current trend: The price is leaning bearish in the short term due to ongoing negative pressure. Current support levels: The immediate support level is around $1,565. Resistance levels:
Strong resistance points that the price needs to break through to return to bullish territory are at $1,800 and then $2,000. Relative Strength Index (RSI):
The indicator shows that in some timeframes, the coin has reached "oversold" zones, which may pave the way for a potential price rebound. Profit and Return on Investment (ROI) analysis: Short-term profit (upcoming months):
Aggregated forecasts from platforms like Binance indicate a potential summer rebound, with the average price targeting around $2,695 by August, representing a potential investment return exceeding +120% from current levels. Long-term profit (over a year): Ethereum maintains strong fundamentals due to its leadership in smart contracts and decentralized applications (dApps).
Future price estimates over the coming years range between $2,400 and $2,580, while some analysts maintain a very optimistic outlook for the distant future. Historical profitability as a reference: Historically, the coin has proven to generate huge profits; an investment of $1,000 in 2020 has more than doubled in value to exceed $11,000 by 2025.
Here are the key technical notes for the ETH/USDT pair on this timeframe:
$ETH . Current price behavior and trend (Price Action) Temporary downtrend: Looking at the latest candlesticks in the displayed chart, we notice a series of consecutive red candles that pushed the price from levels of 1,564.51 USDT down to the local bottom at 1,552.41 USDT. Attempt to rebound: The last candle (green) shows an effort from buyers to support the price, forming a "lower wick" on the candle, indicating buying strength that rejects the price drop below levels of 1,552 and pushes it back up to currently close at 1,555.24 USDT. 2. Current support and resistance levels (Hourly) Nearby resistance point: Located at 1,564.51 USDT (the green dotted line), this is the area where the price recently retraced, and a steady break above it means a return of bullish momentum. Current support point: Located at 1,552.41 USDT, this is the most important temporary bottom formed on the current chart; breaking this level down may open the door for further correction towards levels of 1,503 USDT visible in the daily drop data. 3. Scalping advice on the hourly timeframe Since you prefer this timeframe, it is always advisable to combine it with available momentum indicators below your chart in the app: MACD Indicator: To monitor line crossovers; if the blue line crosses upwards above the orange line below the zero line, it is considered a strong entry signal. BOLL Indicator (Bollinger Bands): Helps you know whether the price is at the lower limit (buying opportunity) or the upper limit (selling opportunity).
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