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All Roads Lead to Bitcoin for DeGods
March 21, 2023
MINS
DeGods has seen its previously burned NFTs make a highly anticipated comeback on Bitcoin, with the NFTs officially inscribed on block 776408 and selling out within three minutes.
DeGods Make Anticipated Return on BTC
Lauded NFT collection DeGod’s are the latest to embark on inscribing their NFTs on Bitcoin after a previous burn on Solana saw their 10,000-strong collection depleted by 535.
The team outlined that the NFTs have returned to their rightful home on BTC via inscription on block 776408, and the reaction was considerable with all being sold out within just three minutes.
As we move into a period of anticipation for BTC NFTs, the DeGods team have been strategic in regard to the timing of the development.
The reaction has been increasingly positive with the metrics underlining not only the dedicated community behind the project but also a sincere belief that BTC NFTs represent a significant market opportunity.
The metrics told their own story upon deployment as DeGods BTC NFT volume skyrocketed, more than quadrupling the volume of all other ordinals.
Users have been quick to highlight their excitement on Twitter with OG DeGods holder @JustBluishxd lauding a trade he had recently carried out, exchanging his Solana based NFTs for the all new BTC offering.
Many are opting to take a similar route of departing with their original Solana NFTs for that of a brighter future on BTC. We’ll be keeping close tabs on how the development impacts the DeGods project, and indeed the developing story around all BTC ordinals.
About DeGods:
DeGods was originally a Solana-based NFT project made of 10,000 deflationary PFP NFTs. The DeGods NFT collection is one of the most popular and valuable NFT collections on the market, and bills itself as Solana’s top NFT collection.
Like other NFT projects, DeGods tries to cultivate an engaged, passionate community, but it is distinctive in that it discourages “flipping” (which is how most NFT traders profit) and instead encourages investors to HODL their DeGods NFTs.
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Binance VIP Traders Informed of $4B Settlement Back in September
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December 1, 2023
The exclusive gathering took place at a luxurious Singapore night club in September, where attendees engaged with Binance executives and probed about the potential settlement.
Binance reportedly hosted an exclusive dinner for its most significant market makers in September. The gathering, held at a prestigious Singapore nightclub, was an intimate setting where select VIP traders gained insights into the impending $4 billion settlement with the U.S. Department of Justice, according to a recent report from Bloomberg.
The private dinner, organized for Binance's top traders, unfolded in the upscale 1880 members-only club. Attendees, consisting of market makers and traders, engaged in discussions with Binance executives about the company's legal challenges. The conversations revolved around the potential $4 billion fine, leaving attendees convinced that Binance could afford and would settle such a substantial amount.
Attendees' Perspectives
Reports suggest that attendees, after breaking into smaller groups, sought clarification on Binance's legal troubles. They left the dinner with a heightened expectation of the $4 billion settlement, emphasizing the significant financial impact it would have on the exchange.
Former CEO Changpeng Zhao was notably absent from the gathering, with the then-head of regional markets, Richard Teng, representing the company.
In response to the reports, a Binance spokesperson disputed certain aspects of the event's depiction while refraining from specifying the inaccuracies, as per The Block. This discrepancy in accounts raises questions about the transparency surrounding Binance's legal challenges and its communication with stakeholders.
Implications of the Settlement
Binance’s $4 billion settlement with U.S. authorities, including the Department of Justice, Department of the Treasury, and the Commodity Futures Trading Commission, marked one of the largest corporate settlements in U.S. history.
The resolution concluded a criminal investigation into allegations of money laundering and sanctions violations, settling many of Binance's legal troubles in the U.S. However, Binance.US and Changpeng Zhao still face a lawsuit filed by the U.S. Securities and Exchange Commission.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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