KEY TAKEAWAYS

  • Binance has Announced the 33rd Project on Binance Launchpool – Sui 
  • Binance Japan Will Start Operations After June
  • New Wrapped-BETH is Now available on BNB Chain
  • BNB Chain Kickstart to Help Developers Start Building
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ECOSYSTEM UPDATES

Price Index 4 1

Binance has Announced the 33rd Project on Binance Launchpool – Sui 

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On May 1, Binance’s 33rd project on Binance Launchpool, Sui, became available for farming SUI tokens using staked BNB and TrueUSD (TUSD) as incentives for customers. The farming incentives will run for two days, as announced by Binance on April 30. After meeting the liquidity requirements, Binance plans to list SUI and offer four trading pairs: SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB.

For more details, visit here

Binance Japan Will Start Operations After June

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Binance is preparing to enter the Japanese market. Last year, in November, Binance acquired Sakura Exchange BitCoin (SEBC), a regulated crypto exchange. SEBC will terminate its existing services by the end of May, and a new service called “Binance Japan” will launch in June 2023, according to a notice. 

Currently, SEBC supports 11 trading pairs, and listing tokens on exchanges in Japan requires vetting by the Japan Virtual Currency Exchange Association. To comply with Japan’s strict regulations for crypto exchanges, Binance must ensure that customer and exchange assets are segregated, most exchange assets are kept in cold wallets, and customers’ fiat is kept by a Japanese trust company or bank trust. 

In the past, Japan’s financial authorities warned Binance that it was operating in the country without permission.

New Wrapped-BETH is Now available on BNB Chain

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Binance has introduced a new asset called Wrapped-BETH (WBETH) on BNB Chain. WBETH is a liquid staking token that allows users to participate in on-chain DEFI projects while still receiving ETH staking compounding rewards automatically. 

Each WBETH token represents 1 BETH and the accrued ETH staking rewards. Users can wrap BETH and unwrap WBETH anytime with zero fees and access more use cases in DEFI protocols. Binance is working with multiple DEFI protocols to expand WBETH use cases. 

For more details, visit here

BNB Chain Kickstart to Help Developers Start Building

Kickstart

BNB Chain has introduced a program called Kickstart that offers discounts and premium services to support the developer community. The program is divided into two verticals: Kickstart dApps and Kickstart Games. Both verticals provide a set of critical development tools and services that can help teams build, grow, and scale their projects on the BNB Chain. 

The program has over 50 service providers across 18 categories, including security auditing, cloud services, infra services, token launching, customer relations, marketing tooling, and NFT launchpad and marketplace offerings. Teams interested in participating in the program must fill out an inquiry of interest, and once approved, they can access the starter pack at a special rate.

Additional Notable Events

DeFi

GameFi, NFT, Meme

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