Leading cryptocurrency exchange Binance announced the addition of a new token to its Launchpool, generating excitement among investors.
On Tuesday, Scroll (SCR) made headlines as Binance announced it would be the 60th project in its Launchpool, sparking bullish sentiment among traders.
The listing is set to start pre-market trading on October 11 at 10 UTC, with Binance warning against premature sales.
Users can stake BNB and FDUSD to earn SCR tokens via airdrops over two days, with farming commencing on October 9.
The total SCR supply is capped at 1 billion tokens, with 55 million allocated for Launchpool rewards.
Historically, Binance listings lead to price surges. For instance, CATI gained nearly 490% since its listing, while Hamster Kombat (HMSTR) rose over 343%. This pattern raises expectations for a similar price rally for Scroll (SCR) following its listing.
An anonymous Ethereum user recently paid an enormous transaction fee of 288 ETH, valued at over $700,000, according to blockchain tracker Whale Alert.
Canary Capital has submitted a proposal to the SEC for a spot XRP ETF, aiming to offer investors exposure to the cryptocurrency without directly buying it.
After two consecutive days of positive inflows, U.S. spot Bitcoin ETFs saw net outflows of $18.66 million on Tuesday.
In a significant move within the crypto space, a prominent whale has made headlines due to recent trading decisions.