Home web3.0 Ex-Binance CEO Banned, Ethereum's Poor Price Movement Pushes Investors To New Project

Ex-Binance CEO Banned, Ethereum's Poor Price Movement Pushes Investors To New Project

Sep 09, 2024 am 03:07 AM
binance Ethereum Investors New Project

While the crypto community awaits the release of Changpeng Zhao, the Binance CEO has revealed he has been banned from the exchange.

Ex-Binance CEO Banned, Ethereum's Poor Price Movement Pushes Investors To New Project

Binance CEO banned from operating exchange, poor Ethereum price performance pushes investors to new project

While the crypto community awaits the release of Changpeng Zhao, the Binance CEO has revealed he has been banned from the exchange. In other news, VanEck has cited some reasons for the poor growth of the Ethereum coin.

Meanwhile, IntelMarkets has become the most preferred presale among investors. The project has attracted a lot of attention from top investors and is on track to raise $1 million before the end of September.

Binance CEO says Changpeng Zhao is banned

In a recent report by Axios, Binance CEO Richard Teng said that CZ has been banned for life from managing or operating the exchange. This comes only a few weeks to the release of Zhao on September 29th.

The previous Chief Executive Officer is in jail now for 4 months for the charges of money laundering. In other news, Binance Coin BNB is trading below the 200-day SMA at $535.36. The cryptocurrency has suffered from selling pressure in the past month.

This has affected the market cap of Binance Coin crypto, which is consolidating between $70 billion and $90 billion. In terms of future price movement, analysts expect Binance Coin price to return to the $600 level in the coming weeks.

VanEck cites reasons for Ethereum’s (ETH) poor price performance

Top asset manager VanEck has talked about the reasons for Ethereum’s poor price movement in its crypto monthly report. The report divided the issues into three main categories: a general trend of revenue decline in the network, policy choices, and value extraction from layer-2 solutions and service providers.

According to VanEck, these factors have affected Ethereum’s decentralized exchange trading volume. It has dropped from 42% in 2022 to 29% in 2024. Also, the Ethereum price has dropped in the past month, trading below the 50-Day SMA ($2,874.17).

Yet, Ethereum crypto remains the largest altcoin with a market cap ranging between $260-$340 billion on the monthly timeframe. Analysts forecast its price may increase in the next few weeks when market sentiment improves.

Investors turn to IntelMarkets amidst market decline

IntelMarkets (INTL) has become the most preferred ICO for investors within the past few weeks since its launch. The project has raised over $230k in funding and is now aiming for $1 million. One reason for this high interest is the team behind it, which is made up of tech leaders from Google, OpenAI, and Goldman Sachs.

They want to use their expertise to build a new initiative to redefine trading using AI and advanced trading tools. The trading bots provided in the platform can be modified by the traders on the amount of capital to be invested based on the desired risk and returns.

Also, IntelMarkets is entering the market with aggregated data feeds. This will give retail traders enough data to work with, allowing them to make well-informed decisions. Analysts forecast the price of its native token, INTL, to rise 1,100% soon. The coin is currently valued at $0.009, making it a great buy for smart investors.

Can IntelMarkets take over the market with Binance Coin down?

Despite the fact that IntelMarkets is a fairly new player in the crypto space, it has so much promise. The project which aims at transforming the $36.5 billion crypto trading platform market, implements AI technologies and unique trading tools that are not available on other similar platforms.

These tools are expected to attract a wider audience. This will consequently increase the usage and value of INTL in the long run.

Discover More About Intel Markets:

The above is the detailed content of Ex-Binance CEO Banned, Ethereum's Poor Price Movement Pushes Investors To New Project. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
4 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
4 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
4 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Chat Commands and How to Use Them
4 weeks ago By 尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

What is Ouyi for? What is Ouyi What is Ouyi for? What is Ouyi Apr 01, 2025 pm 03:18 PM

OKX is a global digital asset trading platform. Its main functions include: 1. Buying and selling digital assets (spot trading), 2. Trading between digital assets, 3. Providing market conditions and data, 4. Providing diversified trading products (such as derivatives), 5. Providing asset value-added services, 6. Convenient asset management.

gate.io latest registration tutorial for beginners gate.io latest registration tutorial for beginners Mar 31, 2025 pm 11:12 PM

This article provides newbies with detailed Gate.io registration tutorials, guiding them to gradually complete the registration process, including accessing the official website, filling in information, identity verification, etc., and emphasizes the security settings after registration. In addition, the article also mentioned other exchanges such as Binance, Ouyi and Sesame Open Door. It is recommended that novices choose the right platform according to their own needs, and remind readers that digital asset investment is risky and should invest rationally.

The latest registration tutorial for gate.io web version The latest registration tutorial for gate.io web version Mar 31, 2025 pm 11:15 PM

This article provides a detailed Gate.io web version latest registration tutorial to help users easily get started with digital asset trading. The tutorial covers every step from accessing the official website to completing registration, and emphasizes security settings after registration. The article also briefly introduces other trading platforms such as Binance, Ouyi and Sesame Open Door. It is recommended that users choose the right platform according to their own needs and pay attention to investment risks.

How to roll positions in digital currency? What are the digital currency rolling platforms? How to roll positions in digital currency? What are the digital currency rolling platforms? Mar 31, 2025 pm 07:36 PM

Digital currency rolling positions is an investment strategy that uses lending to amplify trading leverage to increase returns. This article explains the digital currency rolling process in detail, including key steps such as selecting trading platforms that support rolling (such as Binance, OKEx, gate.io, Huobi, Bybit, etc.), opening a leverage account, setting a leverage multiple, borrowing funds for trading, and real-time monitoring of the market and adjusting positions or adding margin to avoid liquidation. However, rolling position trading is extremely risky, and investors need to operate with caution and formulate complete risk management strategies. To learn more about digital currency rolling tips, please continue reading.

What are the recommended websites for virtual currency app software? What are the recommended websites for virtual currency app software? Mar 31, 2025 pm 09:06 PM

This article recommends ten well-known virtual currency-related APP recommendation websites, including Binance Academy, OKX Learn, CoinGecko, CryptoSlate, CoinDesk, Investopedia, CoinMarketCap, Huobi University, Coinbase Learn and CryptoCompare. These websites not only provide information such as virtual currency market data, price trend analysis, etc., but also provide rich learning resources, including basic blockchain knowledge, trading strategies, and tutorials and reviews of various trading platform APPs, helping users better understand and make use of them

Top 10 popular web3 digital currency trading software download app Top 10 popular web3 digital currency trading software download app Mar 31, 2025 pm 08:00 PM

This article provides download methods for the top ten popular Web3 digital currency trading software APPs, including OKX, Binance, Gate.io, Coinbase, Huobi (now HTX), KuCoin, Kraken, Bitget, MEXC and Bybit. Users can search for download links by visiting the official websites of each platform, or search for platform names in mainstream application stores to download and install. The article introduces the download methods of each APP in detail, so that users can quickly and conveniently find the appropriate download method. Download the Web3 trading software you need now and start your digital currency investment journey!

Official website entrance of major digital currency trading platforms 2025 Official website entrance of major digital currency trading platforms 2025 Mar 31, 2025 pm 05:33 PM

This article recommends ten mainstream cryptocurrency exchanges, including Binance, OKX, Sesame Door (gate.io), Coinbase, Kraken, Bitstamp, Gemini, Bittrex, KuCoin and Bitfinex. These exchanges have their own advantages, such as Binance is known for its largest trading volume and rich currency selection in the world; OKX provides innovative tools such as grid trading and a variety of derivatives; Coinbase focuses on US compliance; Kraken attracts users for its high security and pledge returns; other exchanges have their own characteristics in different aspects such as fiat currency trading, altcoin trading, high-frequency trading tools, etc. Choose an exchange that suits you, and you need to use your own investment experience

On which platform is web3 transaction? On which platform is web3 transaction? Mar 31, 2025 pm 07:54 PM

This article lists the top ten well-known Web3 trading platforms, including Binance, OKX, Gate.io, Kraken, Bybit, Coinbase, KuCoin, Bitget, Gemini and Bitstamp. The article compares the characteristics of each platform in detail, such as the number of currencies, trading types (spot, futures, options, NFT, etc.), handling fees, security, compliance, user groups, etc., aiming to help investors choose the most suitable trading platform. Whether it is high-frequency traders, contract trading enthusiasts, or investors who focus on compliance and security, they can find reference information from it.