Latest news with #BinanceWallet
Int'l Business Times
4 days ago
- Business
- Int'l Business Times
Reddio's Exclusive Token Generation Event (TGE) and Alpha Trading on Binance Wallet - May 29, 2025
Singapore, Singapore, May 29th, 2025, Chainwire Reddio, The first parallel EVM to go mainnet—GPU-accelerated, AI-native, backed by Paradigm. Reddio, the high-performance parallel EVM accelerated by GPU, will launch its native RDO token through a Binance Exclusive Token Generation Event (TGE) on Binance Wallet starting May 29, 2025.. Engineered for autonomous AI and compute-heavy dApps, Reddio brings Web3 scalability into the high-performance era. Following the TGE, RDO will be available for Binance Alpha trading on PancakeSwap and Binance Wallet DEX, providing access across both decentralized and semi-custodial venues. As part of its multichain architecture, 50% of RDO's circulating supply will be deployed on BNB Chain, with seamless cross-chain transfers enabled by Hyperlane's messaging bridge, ensuring smooth interoperability across ecosystems. Key Token Launch Details Token Name: Reddio ( RDO ) Reddio ( ) Token Symbol: RDO Launch Format: Binance Exclusive TGE on Binance Wallet on Total Supply: 10,000,000,000 RDO 10,000,000,000 RDO IDO Distribution: 2% of total supply 2% of total supply Subscription Period: May 29, 2025, from 8AM to 10AM (UTC) May 29, 2025, from 8AM to 10AM (UTC) Alpha Trading Format: RDO / BNB trading pair trading pair Alpha Trading venue: Binance Wallet DEX or PancakeSwap after subscription.. Binance Wallet DEX or PancakeSwap after subscription.. Alpha Trading start Time: May 29, 2025, from 10AM (UTC) Why Reddio The Parallel EVM Powering Autonomous AI Backed by Paradigm, Reddio is purpose-built for the next frontier of blockchain: AI agents, high-frequency DeFi, and real-time applications—all running natively on-chain. By fusing parallel execution with GPU acceleration, Reddio delivers unprecedented computational throughput, without sacrificing decentralization or security. Already integrated by over 40 projects, and with 124M+ transactions and 18M wallet addresses on public testnet, Reddio is on track to become the first parallel EVM to go live on mainnet in Q2, 2025. ️The Tech Stack #ParallelExecution – Enables multi-threaded smart contract execution using optimistic concurrency with conflict detection and re-execution, inspired by BlockSTM-style models. #GPUAcceleration – Compiles EVM bytecode to CUDA kernels, enabling smart contracts and AI workloads to run directly on GPUs — unlocking native GPU-level speed for on-chain computation #DecentralizedSequencer – Boosts network resilience and ensures censorship-resistant transaction ordering. #LowGasFee – Cost-efficient execution at scale, even for compute-intensive AI workloads. #ModularSequencerSDK – Accelerate time-to-launch for Layer 2/3s and appchains with modular, production-ready infra. 'If IPOs only claim to be Day One, then launching a token is truly Day One,' said Neil Han, Founder of Reddio. 'This moment marks the culmination of four years of relentless work. We're not just scaling Ethereum—we're redefining what it means to compute on-chain. Grateful to those who believed, and to those who didn't. And listing on Binance Alpha right after gives our users immediate flexibility across ecosystems. Onwards and upwards—the sky is not our limit, it's our starting line.' About Reddio Backed by Paradigm, Reddio is the first GPU-powered parallel EVM Layer-2, built for running autonomous AI natively at scale. With Ethereum-grade security, multi-threaded execution, and a modular infrastructure stack, Reddio enables real applications to thrive in a decentralized environment. Website: Twitter: @reddio_com Whitepaper: Contact CEO Neil Han Reddio neil@
Daily Maverick
6 days ago
- Business
- Daily Maverick
Bitcoin nears R2m as crypto goes mainstream — but don't get too excited just yet
In case you missed it last week, bitcoin hit almost R2m. This wasn't just another crypto bro celebration moment either — it goes deeper. Bitcoin's breakthrough last week to past $111,000 (R1,966,480 for those keeping track) has been hailed as a genuine turning point for digital assets, coming at a time when traditional tech stocks were having what can only be described as a tantrum. 'Bitcoin hitting a new all-time high above $111,000 marks a major milestone for the crypto industry,' said Hannes Wessels, the general manager of Binance South Africa. 'It reflects growing global confidence in digital assets, driven by strong institutional demand and regulatory progress.' Translation for the rest of us: Big money is finally taking crypto seriously, and governments are starting to figure out how to regulate it without completely breaking it. When trading goes nuclear The bitcoin surge wasn't happening in isolation. On 19 May, crypto wallet platforms recorded the kind of trading volumes that would make the JSE weep with envy. Binance Wallet alone hit over $5-billion in daily trading — that's roughly R88-billion changing hands in a single day on one platform. To put it in perspective, that's more than the entire market capitalisation of Shoprite, and it happened in 24 hours on a platform most South Africans probably haven't heard of. This trading frenzy suggests something fundamental is shifting in how people interact with cryptocurrencies. Gone are the days when crypto was just about buying bitcoin and hoping for the best. Users are becoming more sophisticated, seeking out early opportunities and engaging with what the tech crowd calls 'Web3' — think of it as the internet's awkward teenage phase, where everything becomes decentralised and confusing. The early bird gets the (digital) worm Much of this activity revolves around platforms that let users get in on cryptocurrency projects before they hit the big exchanges. These early-access platforms have become incredibly popular by offering exclusive token generation events and airdrops. Since December 2024, Binance Alpha has featured 18 tokens that eventually got listed on major exchanges — a 43% success rate that would make any venture capitalist jealous. Here's where it gets interesting for regular investors: participants in these early events bought tokens at prices averaging eight times lower than their opening day values. That's the kind of return that makes property investment look like a savings account. But — and this is a big but — this is also where things get properly risky. Don't fall for the Fomo trap Before you start liquidating your unit trust to chase crypto dreams, let's talk reality. Getting early access to cryptocurrency projects is like being invited to a high-stakes poker game where half the players are card sharks and the other half are algorithms. Yes, the potential returns are eye-watering. But so are the risks: Regulatory roulette: Governments worldwide are still figuring out how to handle crypto. Rules can change overnight, potentially making your investment illegal or inaccessible. Hacker heaven: Crypto platforms are magnets for cybercriminals. When they succeed, your money disappears into the digital ether with zero chance of recovery. Volatility on steroids: Traditional shares can be volatile, but crypto makes the JSE look like a lazy Sunday afternoon. Prices can swing 50% in a day just because someone influential tweeted something. Liquidity nightmares: Sometimes you can't sell your tokens even if you want to, because there aren't enough buyers or the trading volumes are too low. Technical meltdowns: When platforms crash or have bugs, your investments can be stuck in digital limbo. When courts get crypto reality The legal system is slowly catching up with crypto reality, and the results are sobering for investors who think digital assets are a guaranteed path to riches. A recent UK Court of Appeal case involving Bitcoin SV investors provides a masterclass in crypto reality checks. These investors sued Binance and other exchanges for $13.4-billion (yes, billion), claiming that delisting their favourite token prevented it from becoming the next bitcoin. The court's response was, essentially, 'Nice try, but no.' The judges ruled that cryptocurrencies are 'by their nature, volatile investments' and should be treated like shares or other financial instruments. More importantly, they rejected the idea that investors could claim damages based on what their tokens might have been worth in some hypothetical future. As the court put it: 'It would be unthinkable for the holders of freely tradeable shares, whose value had been reduced by tortious conduct, to be able to claim more than the current value of those shares to compensate them for the prospect that their value might have substantially increased in the future.' This ruling could reshape how crypto disputes are handled globally, establishing that digital assets don't get special treatment just because they're digital. The regulatory maze Meanwhile, regulators worldwide are creating a patchwork of rules that would make a tax consultant weep. The European Union's new crypto regulations are so strict that Tether — the company behind the world's most popular stablecoin — simply refused to comply. This has led to major exchanges delisting USDT (a dollar-pegged cryptocurrency) for European users, creating a fragmented market where your access to certain digital assets depends entirely on your location. In Nigeria, tensions have escalated dramatically, with authorities seeking $79.5-billion from Binance in alleged damages, plus another $2-billion in back taxes. What this means for you For South African investors watching this unfold, the message is clear: crypto is maturing, but it's maturing into something complex and regulated, not the Wild West of easy money that early adopters experienced. The good news is that institutional money is flowing in, providing stability and legitimacy. The bad news is that with legitimacy comes regulation, compliance costs, and the kind of complexity that makes traditional investments look simple. Bitcoin's march toward R2-million represents genuine progress for digital assets, but it's progress that comes with grown-up responsibilities and grown-up risks. Keep it tidy The cryptocurrency market is undoubtedly entering a new phase of maturation, with unprecedented trading volumes, institutional adoption and regulatory clarity. But this maturation cuts both ways — while it brings legitimacy and stability, it also brings complexity and risk that many retail investors aren't prepared for. For South Africans considering crypto investments, the advice remains unchanged: only invest what you can afford to lose, understand the risks, and remember that past performance — even R2-million Bitcoin — is never a guarantee of future returns. DM
Business Mayor
24-05-2025
- Business
- Business Mayor
World's Top Crypto Exchange by Trading Volume Announces Upcoming Support for Consumer-Focused Altcoin on Binance Alpha
The world's largest crypto exchange by trading volume is announcing upcoming support for an entertainment altcoin on its early-access platform. In a new announcement, Binance says it's adding support for Sophon (SOPH), an interoperable layer-2 scaling solution made for the entertainment industry, on Binance Alpha, a feature of the Binance Wallet which launched in December 2024 that lets users discover emerging web3 projects before they gain mainstream popularity. 'Binance is excited to announce that Sophon (SOPH) will open for trading on Binance Alpha starting 2025-05-28 13:00 (UTC). In addition, Binance Futures will launch SOPHUSDT Perpetual Contract with up to 50x leverage at 2025-05-28 13:30 (UTC).' Sophon aims to create mainstream uses for blockchain technology by integrating it into everyday events, such as gaming. 'Sophon is an innovative ZK (zero-knowledge) chain built on the ZKsync Elastic Chain vision, designed to become the hub of consumer crypto by creating engaging, accessible, and widely-used applications that extend beyond the existing crypto-native audience. As a Validium-based Layer 2 solution, Sophon leverages advanced blockchain technology to offer higher throughput, low transaction fees, and seamless interoperability with other ZK chains, all while maintaining the security of the Ethereum mainnet.' Zero-knowledge proofs allow one party to prove that a cryptographic statement is true without disclosing any additional information. SOPH, the project's native token used to pay gas fees and reward validators, has yet to launch but is slated to debut next week. Follow us on X, Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action
Yahoo
25-04-2025
- Business
- Yahoo
Binance Alpha To List EthSign (SIGN) on April 28, Announces Airdrop for Eligible Users
Binance Alpha has confirmed it will be the first exchange to list EthSign (SIGN), with trading set to commence on April 28, 2025. The specific time for the launch has not yet been disclosed. In a bid to encourage user engagement, Binance Alpha will also conduct an airdrop for users who meet a designated threshold of Alpha Points. The details regarding this threshold will be revealed on the same day as the trading launch. Eligible users can expect to receive their SIGN token airdrops within 10 minutes of the trading start. Alpha Points are part of Binance Alpha's system for evaluating user activity across its platform and the Binance Wallet ecosystem. This scoring mechanism takes into account various user engagements, such as participation in token launches, trading volume, and wallet utilization. EthSign serves as a decentralized digital agreement platform that utilizes blockchain technology and smart contracts to enable the signing, verification, and storage of legal agreements on-chain. This listing marks EthSign's first foray into the exchange market. As with any new token listing, Binance advises users to remain cautious due to potential volatility and to conduct thorough research on the project's fundamentals prior to trading. The announcement has generated interest among the Binance Alpha community, and users are encouraged to prepare for the upcoming listing. Further details, including the exact time for trading and the Alpha Points threshold, will be provided on April 28.
