Binance (BNB) Ventures Into New Stablecoin, Bitcoin (BTC) ETFs Near Approval, While Everlodge (ELDG)’s Record Presale Numbers

This article will look at some of the most exciting developments in the blockchain space over the past week. Binance (BNB) has launched its stablecoin, while Bitcoin (BTC) ETFs are on the cusp of approval, and Everlodge (ELDG) has set another record for presale numbers. Let’s take a closer look.

Join the Everlodge presale and win a luxury holiday to the Maldives

Everlodge (ELDG): Pioneering Luxury Real Estate on Blockchain

Everlodge seeks to level the playing field in luxury real estate. It offers widespread access to elite properties by overcoming traditional hurdles such as nationality and credit history.

Everlodge stands firmly on pillars of thorough decentralization, fluid transactions, and user privacy. Its strategy involves turning luxury properties into fractional ownership via NFTs, securely hosted on the Ethereum blockchain.

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The Everlodge presale couldn’t be going any better. After starting the presale, priced at $0.010, the ELDG token is now priced at $0.016 after selling millions of tokens. This has been an excellent success for the team and will undoubtedly help to cement Everlodge’s position in the luxury real estate space.

Industry experts are now eagerly awaiting the forthcoming launch of the Everlodge platform. They recognize that Everlodge has what it takes to revolutionize the $280 trillion real estate market, with the narrative alone capable of causing a 30x rally.

Beyond being an investment avenue, Everlodge’s diverse features, like the Rewards Club and Developer Launchpad, underscore its ambition to redefine real estate investing. Being a member of this exclusive club comes with monthly rewards, discounts, and entry into cash prize draws.

As the global vacation rental arena braces for significant growth, Everlodge’s fusion of blockchain and property could spark innovation that drives the industry forward. Who knows how high this will take the ELDG token?

Binance (BNB) Ventures into New Stablecoin

Paxos hinted at removing its backing for Binance’s stablecoin by February 2024. Well, it has now emerged that Binance has confirmed that the BUSD stablecoin will be removed by this exact date.

In a call to its user base, Binance suggests pivoting from their Binance USD stablecoin to other promising stablecoins, particularly emphasizing the newcomer, First Digital USD (FDUSD), as a favourable switch.

This update is part of a broader wave of shifts within Binance’s domain. Once reigning supreme in the crypto exchange world, Binance now faces mounting regulatory challenges and the emergence of potent contenders like Tradecurve. This has nudged Binance’s value from its zenith of $690 to a mere $213 today.

But the real news that could see Binance fall below the $200 support mark is the DoJ investigation that is currently ongoing. Could this be the final nail in Binance’s coffin? We shall see.

Bitcoin (BTC) ETFs Near Approval

The US Securities and Exchange Commission has been evaluating the possibility of launching Bitcoin exchange-traded funds since 2017. After much deliberation, 2023 could finally see these products entering the market.

Bloomberg’s team of ETF experts is increasingly optimistic about the potential of a Bitcoin ETF being approved, particularly following Grayscale’s notable victory against the Securities and Exchange Commission.

Eric Balchunas, a prominent figure in ETF analysis at Bloomberg, indicates a 75% probability of approval, an increase from the previous estimate of 65%. This newfound optimism stems from the resolute and unanimous ruling by the United States Court of Appeals Circuit in the ongoing legal dispute.

In a related context, during a discussion on X, Seyffart provided his expert opinion, suggesting that by the end of 2024, the approval of spot Bitcoin ETFs could be highly probable, with a likelihood estimated at an impressive 95%.

Meanwhile, the cryptocurrency industry eagerly awaits decisions on ETF submissions from prominent players such as Bitwise, BlackRock, VanEck, and others. The outcome of these deliberations, anticipated as 2024 unfolds, is highly anticipated and eagerly awaited.

This period of waiting has had a significant impact on the market. The recent decrease in Bitcoin’s value, from $29K to just under $26K, indicates the market’s apprehensive anticipation until the ETF news is released.

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