Binance Introduces New Margin Pairs for BAND, FLM, STMX, ADX, PROM, and PROS

Binance, the world’s leading cryptocurrency exchange, has expanded its margin trading offerings. As of September 8, 2023, the platform has incorporated BAND, FLM, and STMX into its Cross Margin borrowable assets. Concurrently, new Isolated Margin pairs have been introduced, namely ADX/USDT, PROM/USDT, and PROS/USDT.

Specifically, the new Cross Margin pairs available for traders include BAND/USDT, FLM/USDT, and STMX/USDT.

For those unfamiliar with margin trading, it allows traders to borrow funds to amplify their trading positions. While it can lead to higher profits, it also comes with increased risks. Binance provides a “Margin Data” section for users to stay updated on the latest marginable assets, including details on specific limits, collateral ratios, and rates.

About Band

Band Protocol, launched in September 2019 on the Ethereum blockchain, is a cross-chain data oracle platform.  It bridges the gap between real-world data and on-chain applications by connecting APIs to smart contracts. This facilitates the seamless exchange of information between on-chain and off-chain sources. By providing reliable, verifiable data to blockchains, it enables developers to integrate diverse real-world data into their decentralized applications. In June 2020, Band Protocol transitioned to the Cosmos network with Band Protocol 2.0, built on BandChain using the Cosmos SDK. BAND, its native token, plays a pivotal role in the ecosystem.

About Ambire

Ambire, previously known as AdEx Network, is a pioneering web3 marketing platform that harnesses blockchain and programmatic advertising to revolutionize digital advertising. Established in 2017, Ambire has transitioned from a decentralized ad exchange to a comprehensive advertising protocol. With over 20,000 registered users, it processes billions of blockchain-based micropayments. Ambire functions as a Demand-Side Platform, facilitating real-time bidding and programmatic advertising. Its native token, ADX, is integral for rewards, governance, and staking within the platform.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

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Crypto Market Overview: Reasons Behind BTC Fall, Top Monthly Gainers

Bitcoin’s value has declined by around 14% since its recent peak, and other major cryptos have followed suit, rattling a bullish run.


Bitcoin’s price hovered around $57,000 on Thursday, its lowest level since mid-October, after briefly falling below $56,000 a day earlier.


So far this month, BTC’s value has dropped by 6%, leaving investors unsure of how deep the fall can go. My vantage point as the PR head of a big crypto exchange allows me to see the market from the inside and what is happening today is very similar to what happened in the past. In my opinion, this is just a pullback as Bitcoin gathers power before making its next leap to new highs. 


However, Bitcoin’s price has fallen dramatically in recent weeks from the peak of nearly $69K it reached earlier this month, raising the question of why the previous correction took less time and wasn’t as severe.

Source: TradingView 

The plunge in crypto prices can be attributed to multiple factors. Among them is the Securities and Exchange Commission (SEC) rejecting a bitcoin ETF, which would have likely seen billions of dollars poured into the cryptocurrency market.

Furthermore, China is tightening its grip on Bitcoin mining, saying it will consider “punitive electricity prices” for some crypto mines as part of its next phase of crackdowns.

In related news, US President Joe Biden signed a $1.2 trillion infrastructure bill last week, which includes provisions that could have tax implications for crypto investors.


Additionally, I believe that rising selling pressure and profit-taking are the other contributing factors. We are experiencing crypto’s natural cycle. Whenever assets reach record highs, people sell off their assets. However, large sales can result in the value’s drop. 

Cryptocurrencies have also been hit by a strengthening dollar, which is always a negative factor. 

Ned Segal, Twitter’s CFO, also made negative remarks about cryptocurrency, which may have influenced the market. According to him, investing cash into crypto assets at this point isn’t wise.

Therefore, it is no surprise that the Crypto Fear & Greed Index shows that market sentiment, which was neutral last week, is now in “fear” territory with a reading of 32/100 as of writing. 




However, there is no reason to be surprised by Bitcoin’s volatility, bearing in mind it has shown a steady rise in value over time. 

It seems like Bitcoin is on its way to bounce back to new price records. Still, even though we see some signs of recovery, it’s too early to speak of a fully-fledged bullish trend. 

The average directional index (ADX) which measures trend strength currently stands at 13.26, indicating a weak trend. I think the bulls are too tired and need some time to recover and consolidate. 


Source: TradingView 

The next level of resistance, in my opinion, is $60K. After BTC price breaks through it, we can expect accelerated growth and new heights. 


Several investment firms began offering crypto to clients, including Goldman Sachs, JPMorgan Chase, and Wells Fargo. With top cryptocurrency developments such as El Salvador accepting Bitcoin as legal tender, the launch of the first Bitcoin futures ETF, and Tesla and MicroStrategy adding Bitcoin reserves to their balance sheets, it seems very likely that exponential growth of crypto adoption will drive price increases for Bitcoin and other major coins.  


Over the past 30 days, Mars Space X (MPX) coin was the top performer making a stunning 1,447,841.08% monthly gain. At the time of writing, it traded at $0.000007489, up by 460% in a day. MPX is a cryptocurrency aimed at providing capital output to Elon Musk’s Mars Project.

Source: Source: CoinMarketCap 


Dogebonk (DOBO), a token on Binance Smart Chain (BSC) with deflationary properties and automatic yield generation, was the second top performing altcoin, posting a 11,823.12% monthly gain. It was last traded at $0.0000003291, down by 8.7% in 24 hours. 

Source: CoinMarketCap 


Solar Energy (SEG), a deflationary BEP20 token from Binance Smart Chain aimed at creating photovoltaic power plants in Brazil, was the third top gainer for the last 30 days, posting a monthly gain of 12,431.32%. Over the past 24 hours, it decreased by 74.70% to $0.0008315 however.  

Source: CoinMarketCap 


Coin To Fish (CTFT) was the fourth top gainer, marking a 9,131.47% gain month-on-month. At last check, it traded at $1.40, up by 85.70%% in 24 hours. 

Source: CoinMarketCap 

The next best-performer was Arbis Finance (ARBIS) coin, making a 4,112.74% gain over the past 30 days. At the time of writing, it rose by 21.66% in the last 24 hours to $0.0005518.

Source: CoinMarketCap 


Along with other top performers, FarmerDoge (CROP) made amazing monthly gains, rising by 3,844.38% over the past 30 days. At the time of writing, CROP traded at $0.008346, slightly down by 1.7% in the past 24 hours. 

Source: CoinMarketCap 

Please note, that this article was finished on Tuesday, and the situation might have changed since then. This material firstly appeared on Cointelegraph.

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Bear Trend Begins To Take Hold In Bitcoin For First Time Since October 2020

Bitcoin price has now pulled back a full $13,000 from 2021 high to low. Yesterday’s massive bearish, red candle is one obvious sign that the trend is turning. However, a technical analysis tool used to gauge the strength of trends also confirms that bears have taken over the reigns from bulls and it could lead to a short-term downtrend.

Bitcoin Bears Regain The Upper Hand, Reclaim Crypto For First Time Since October

Bitcoin is undeniably in an uptrend, and according to comparisons with past market cycles, things are only just getting warmed up.

But that doesn’t mean that the higher timeframe trend can’t be up, while the shorter-timeframe intraday trends heads down – or that price action across days and weeks can’t temporarily turn bearish.

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Related Reading | Career Trader Subtly Hints Of Bitcoin Parabola Breakdown With Fractal Diagram

That’s exactly what has happened recently, with the top cryptocurrency shaving as much as $13,000 off its price from high to low. Yesterday’s daily close left behind an extremely bearish candle and reminder that asset prices don’t only move up in a straight line.

The recent parabola might have been broken, which could suggest a sharper correction is coming. Some of the best traders and analysts are expecting more downside before things turn back up.

bitcoin bear trend daily adx

bitcoin bear trend daily adx

The Average Directional Index and DMI show bears have taken over daily timeframes | Source: BTCUSD on

The Average Directional Index confirms the bearish price action. The red DMI moving so sharply above the green is a clear sign that bears are now in control of the cryptocurrency’s daily trend once again.

The ADX itself is still well below 20, so the trend hasn’t yet fully taken hold. What’s notable is that this is the first time bears have reclaimed Bitcoin since October when FOMO spun out of control.

Trend Strength Measuring Tool Shows Bulls Aren’t Down For The Count Just Yet

The ADX is used to gauge the strength of the underlying trend, and like most tools, higher timeframes provide the most dominant signals.

Bears have won on the daily, but on weekly timeframes, however, the same tool shows that bears don’t really have a chance, and any downward momentum will be short-lived before bulls regain control.

bitcoin bear trend weekly adx

bitcoin bear trend weekly adx

The Average Directional Index and DMI show bears have taken over daily timeframes | Source: BTCUSD on

Oftentimes, corrections in assets are healthy, confirm resistance as support, and reignite buying interest by reaching more attractive price levels.

Related Reading | The Striking Similarities Between The 2017 Bitcoin Peak And Now

Could the pullback be exactly what Bitcoin needs to refuel and rocket higher? Or are there simply too many similarities shared with the 2017 peak to ignore the potential of a longer downtrend in the weeks ahead?

Featured image from Deposit Photos, Charts from


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