Solana and BNB holders monitoring Pushd presale

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Solana and BNB holders monitoring Pushd presale
February 3, 2024 at 5:00 pm
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Solana and BNB holders monitoring Pushd presale
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.


Pushd (PUSHD), a web3 marketplace, simplifies transactions and eliminates intermediaries. This is due to its commitment to decentralization and a strategic reward system. Pushd has over 25,000 sign-ups in the ongoing presale. Meanwhile, Solana (SOL) and Binance Coin (BNB) are steady at $101.40 and $304.97, respectively.

Solana is innovating
Solana is known for its low transaction fees.
Currently, SOL is trading at $100.40, but analysts expect more growth in the weeks ahead.

BNB navigates regulatory challenges
In 2023, Binance, the world’s largest centralized exchange, faced regulatory challenges and changes in leadership.

However, it still managed to maintain its position, holding a 43.7% market share with an impressive $3.8 trillion in trading volume.
Despite settling a substantial fine, Binance continued to show market strength.

BNB is currently changing hands at $303.40.

Pushd plans to redefine eCommerce
Pushd aims to reshape online shopping by eliminating intermediaries and streamlining crypto transactions.

Over 25,000 users have signed up for the ongoing presale before its launch.
The platform offers an alternative to established e-commerce giants like Amazon.

Its revenue-sharing model for early investors and transformative capabilities could explain the rising interest in the ongoing presale phases.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Hong Kong asserts rigorous crypto regulations amid market evolution

Hong Kong has reaffirmed its commitment to creating strict and comprehensive crypto regulation to strengthen investor protection and tackle financial crimes.

In a Feb. 2 blog post, Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, reiterated the special administrative region’s banner of “same activity, same risk, same regulation,” under which Hong Kong crafted a licensing regime for virtual asset service providers (VASP).

In his post, Mr. Hui pointed out that VASPs that had been active in Hong Kong before the implementation of the new licensing system had been granted a transitional period intended to support them in adapting to the regulatory framework.

However, to maintain their operations beyond the transition, Hong Kong financial authorities require these service providers to file their licensing applications by Feb. 29, with the Hong Kong Securities and Futures Commission (SFC) gearing up to clear the field of unqualified players with “no-deeming notices.”
Additionally, the commission will enforce a May 31 cease-operation deadline for non-compliant entities. Moreover, Mr. Hui spoke about the need to regulate over-the-counter venues, which were instrumental in some of last year’s fraud cases involving unlicensed crypto platforms.
Amidst the regulatory revamp, Mr. Hui urged investors to remain cautious of VAs’ intrinsic value volatility and restrict their transactions to SFC-licensed platforms to avoid potential fraud.

Hong Kong recently greenlighted select platforms to offer Bitcoin (BTC) and Ethereum (ETH) trading to retail investors. This move comes with stringent oversight from the SFC.

Reports suggest that up to ten firms are considering such investment products, with around half already advancing, and may be ready to debut the region’s first spot crypto ETFs within the next few months.

Certified Hong Kong crypto exchange HashKey has confirmed ongoing discussions with asset managers to potentially unveil spot crypto ETFs, fueling speculation that Bitcoin spot ETFs could emerge by the first quarter of 2024.

Asset manager Harvest Fund Management’s Hong Kong operations have also reportedly initiated the process of launching a pioneering BTC ETF, having reportedly approached the SFC with a formal application.

Despite shared borders with China, Hong Kong continues asserting its distinctive legal system and is carving a unique position in cryptocurrency.

BNB holders explore DeeStream in presale; Polygon may fall

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Binance Coin (BNB) is firm, while Polygon (MATIC) struggles for gains. BNB holders are exploring DeeStream (DST) in the ongoing presale. The platform aims to innovate streaming with enhanced freedom and benefits.

BNB: weathering market challenges
BNB is trading at $298.04, up 5%, with strong resistance at $320.

The project has a market capitalization of $44.57 billion and a 24-hour trading volume of $857.58 million.

Bulls are optimistic, targeting $500 in the medium term.

Polygon retracing
MATIC has been trending lower since December 2021.

Prices remain below a trend line, with the Relative Strength Index (RSI) on the weekly chart still in bearish territory. Even so, any surge could see the coin rally to $1.05.