Binance's Web3 Wallet now supports Solana, allowing users to manage tokens and access dApps directly, boosting the interoperability and utility of its platform.
Binance, one of the leading global cryptocurrency exchanges, has announced the successful integration of the Solana (SOL) network with its innovative Web3 Wallet. This strategic move is set to enhance users' experience by providing seamless access to Solana-based decentralized applications (dApps) and tokens directly within the Binance ecosystem.
The integration means that Binance Web3 Wallet users can now effortlessly manage their assets on the Solana blockchain and interact with a wide array of dApps without leaving the wallet's interface. The supported Solana-based dApps include prominent platforms such as Drift, Dual Finance, Jito, Jupiter, Magic Eden, MarginFi, Orca, PsyOptions, Pyth Network, and Raydium.
How to Get Started with Binance Web3 Wallet on Solana
To begin using the Solana network within the Binance Web3 Wallet, users can follow these simple steps:
1. Open the Binance App.
2. Tap on [Wallets] > [Web3] > [More] > [Networks] > [Activate].
For desktop users aiming to connect to dApps through the web:
1. Visit any Binance Web3 Wallet-integrated dApp.
2. Click on [Connect Wallet] and select [Binance Web3 Wallet].
3. Alternatively, use [WalletConnect] and scan the QR code with the Binance Web3 Wallet.
About Binance Web3 Wallet
The Binance Web3 Wallet is a secure, self-custodial crypto wallet that is part of the Binance App. It is designed to bridge the gap between traditional exchange services and the burgeoning Web3 landscape. With the wallet, users can trade thousands of tokens, earn yield, and explore dApps across multiple blockchains, all within a single, user-friendly platform.
Implications of Integration
The integration of Solana is a testament to Binance's commitment to fostering an interconnected and user-centric cryptocurrency environment. By enabling access to Solana's high-speed and low-cost network, Binance is positioning itself as a one-stop hub for both seasoned traders and newcomers to the crypto space.
The move also underscores the growing importance of Web3 wallets in the digital asset industry. These wallets are increasingly seen as more than just tools for holding cryptocurrencies; they are gateways to a wide range of financial services and applications built on blockchain technology.

SOL, ETH prints profit, new memecoin sparks interest

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Milei Moneda introduces MEDA, a stable and secure meme coin, amid a dynamic crypto market where Solana challenges resistance levels aiming for $200 and Ethereum’s price surge reflects Bitcoin’s upward trend.
Solana and Ethereum exhibit discernible signs of a shift in their price trajectory, propelled by the upward movement of Bitcoin. Concurrently, a newcomer to the scene, the Milei Moneda meme coin, is garnering significant attention among investors for its returns.
Amid these developments, it becomes imperative to delve deeper into the potential opportunities these coins present to investors.

Milei Moneda launches new token MEDA

MEDA, the brainchild of Milei Moneda, is a meme coin inspired by Argentina’s president, Javier Milei, which has quickly captured the attention of the crypto community.
MEDA represents a deflationary token that incentivizes holding while discouraging excessive selling. Reflecting the vibrant spirit of the crypto community, Milei Moneda offers a platform for creative expression. 
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Coupled with access to the coolest NFTs that can be acquired and staked for rewards, Milei Moneda elevates the token’s rarity and value.
Beyond its light-hearted facade, Milei Moneda places a strong emphasis on security. Built on the Ethereum network, MEDA boasts a locked liquidity setup and a total token supply of 500,000,000, ensuring a secure and robust ecosystem for investors.

MEDA presale ongoing

Currently, in Stage 1 of its presale, MEDA is sold at an altcoin price of $0.010, offering investors an early entry opportunity at a discounted price. With a vesting schedule of 25% every week for four weeks, early adopters can gradually unlock their MEDA tokens while contributing to the growth of Milei Moneda.
As MEDA gains momentum in the crypto sphere, it serves as a testament to the spirit and creativity flourishing within the community.

Solana navigates volatility on path to $200

Solana has demonstrated impressive price performance, registering a 35% increase over the past month. SOL surged from $109.27 on February 11, 2024, to $148 on March 11, 2024, showcasing Solana’s resilience and potential for growth.
Also, the climb of Solana meme coins influenced SOL’s own climb and can be attributed to the prevailing positive sentiment in the cryptocurrency market. Most altcoins, including SOL, have been moving in sync with Bitcoin’s price surge.
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Currently, SOL is exhibiting a bullish rectangle pattern, with key support at $140 and resistance at $170. Solana’s ongoing oscillation within the rectangle presents an opportune moment for investors to re-accumulate SOL for potential long-term gains.
Breaking the resistance at $170 could trigger FOMO and spark a significant rally for SOL, with the next target set at $200. The RSI, currently neutral at 57, suggests a potential trend reversal, further bolstering optimism among Solana’s investors.

Ethereum surges amid bullish market momentum

Over the last month, Ethereum has emerged as a profitable investment, yielding up to 62.52% returns for ETH holders. Ethereum was trading at $2,498 on February 11, 2024, and increased to 4,058 by March 11, 2024. 
Ethereum’s price surge coincides with Bitcoin’s ascent. ETH has mirrored BTC’s upward trajectory, witnessing a 16% price surge over the past seven days.
Notably, large ETH investors have been increasing their holdings in anticipation of future price hikes. Data from Santiment reveals a rise in wallets holding between 10 million and 100 million ETH, from 27% on January 1 to 30.56% on March 11. 
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Similarly, there has been a sharp spike in wallets holding between 1 million and 10 million ETH over the last five days, from 7% to 7.6%. Ethereum’s accumulation by whales is further supported by a reduction in ETH deposits on exchanges, signaling a lack of intent to sell.
Analysts estimate that the ETH price will continue its upward trajectory towards ATH above $4,800.

Conclusion

Following BTC’s price trend, SOL and ETH gained momentum surging in price over. MEDA started its presale at a price of $0.010 promising growth once it officially launches. Learn more about MEDA at their website on reach out to the team on Telegram.
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Crypto market update: Solana, Milei Moneda, and Terra Classic trends

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PancakeSwap reveals v4 details, CAKE reacts with 5% drop

Decentralized exchange PancakeSwap has presented details of the long-awaited v4 codebase.
According to a March 15 blog post, the new version of DEX will allow for the creation of custom liquidity pools and flash accounting designed to reduce gas costs for users and prevent volatile losses for liquidity providers.
Custom liquidity pools are another new feature of PancakeSwap v4. The pools are expected to prevent sharp price fluctuations during large token sales or purchases.

“Our vision for PancakeSwap v4 extends beyond just a DEX upgrade. We aim to foster the most comprehensive flexibility and functionality within the AMM space, built together by the Kitchen and DeFi developers in the crypto community.”
PancakeSwap team

In addition, developers plan to implement the Singleton solution, which combines all pools into one contract. The initiative will reduce deployment costs by 99%. The PancakeSwap team will also reduce gas consumption by offering collective settlement for transactions.
According to preliminary data, PancakeSwap v4 will begin operating on the Ethereum and BNB Chain networks in the third quarter of 2024.
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Amid the v4 announcement, the CAKE token fell by more than 5% in 24 hours and tested $4.29. Its capitalization also fell by 5%, to $1.1 billion, and trading volumes fell by as much as 10%, to $287 million.
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Earlier in December 2023, the PancakeSwap community supported a proposal to reduce the issuance of CAKE from 750 million to 450 million. The coin has achieved a deflationary model over the past few months, and reducing the issue will strengthen its position. In January, updated data on the maximum circulating volume of CAKE was officially reflected on major digital asset tracking platforms.

Hackers breach Binance-incubated platform NFPrompt, token plummets 10%

NFPrompt, an AI-based art and NFT trading platform incubated by Binance, suffered a severe security breach, which the FBI is investigating. 
An official statement highlighted that the attackers breached the platform, leading to unauthorized withdrawals from the NFPrompt treasury, user accounts, and administrator wallets. NFPrompt resecured its digital assets by transferring control of its smart contracts to new, secure addresses, assuring stakeholders that the assets are now safe.

ATTENTION $NFP Holders:

We are writing to inform you of a critical security incident involving NFPrompt. It was discovered that a group of hackers compromised some wallets, including those of NFP’s contract administrators.

They illegally gained control of victims' funds,… pic.twitter.com/ZeQXLruvTW
— NFP (@nfprompt) March 15, 2024

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Following the breach, the platform’s NFP token saw a 10% decline as several users quickly liquidated their assets. The token launched just three months ago, around Christmas, and started seeing positive growth last week. While the latest breach seems to have halted the bullist momentum for NFP, the token is still up by over 20% in a month, according to CoinGecko. 
Proactive measures have been taken to mitigate further risks, including collaboration with central exchanges to suspend deposits and recommendations for decentralized exchanges to stop liquidity pool activities featuring the NFP token. Certain exchanges have been instructed to freeze any transactions traced back to the implicated parties.
Launched in 2023, NFPrompt enables users to create and register AI-generated art as NFTs on the blockchain. Last September, Binance’s venture arm, Binance Labs, selected NFPrompt to participate in its sixth season of the incubation program.
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