Expanding Perpetual Trading on Coinbase

According to the latest statement from Coinbase, the CAKE-PERP, BRETT-PERP, and AI16Z-PERP pairs will be listed on Coinbase International Exchange and Coinbase Advanced. Trading will begin on or after March 6, 2025, at 9:30 AM UTC.

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This move aligns with Coinbase’s strategy to strengthen its presence in the crypto derivatives market. Perpetual futures trading allows traders to take advantage of market fluctuations with leveraged positions, increasing potential profitability.

By launching these new trading pairs, Coinbase aims to provide its users with more opportunities and solidify its position in the evolving crypto derivatives landscape.

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Fake “Copyright Violation” Notices

In a statement on December 24, ZachXBT explained that the attacker impersonated the X (formerly Twitter) team, tricking users with claims of “copyright violations.” The fraudulent emails directed victims to phishing websites, where they unknowingly entered their account passwords and two-factor authentication (2FA) credentials.

Once users “updated” their credentials on these fake sites, the hacker gained access to their accounts, taking control of 15 profiles and using them to execute memecoin scams.

Details of the Hijacked Accounts and Scams

The majority of the compromised accounts were crypto-related, including popular profiles like Kick, Cursor, The Arena, Brett, and Alex Blania. These accounts typically had over 200,000 followers.

To obfuscate the origin of the stolen funds, the hacker reportedly transferred them across Ethereum and Solana networks.

Rising Trend in Crypto Scams

So far in 2024, a staggering $2.2 billion has been stolen in 303 major incidents—a 21% increase compared to the previous year. Centralized services have been among the hardest hit.

Tips to Protect Yourself from Crypto Scams

To minimize personal losses, remember to:

• Avoid responding to messages that create urgency or contain suspicious links.
• Secure your accounts by enabling two-factor authentication and using security keys.
• Refrain from using the same email address across different services.

If you encounter suspicious activity, contact the platform’s support team directly!

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Along with a 36% price jump, BRETT’s trade volume has surged to $66 million as of right now—a 193% gain in just 24 hours.

Usually, a combination of price and trade volume indicates substantial market activity and actual asset interest. This implies that, rather than only speculative trading, market demand drives the price surge.

Its Relative Strength Index (RSI) is heading upward and nearing breaching the neutral 50 line, therefore confirming the growing demand for BRETT. The RSI at 49.39 as of right now shows increasing positive momentum.

This indicator gauges the overbought and oversold conditions of an asset. BRETT’s RSI movements higher near the 50 line suggest that the price of the meme coin is gathering pace and that selling pressure is relieving.

Should the RSI effectively cross above 50 and continue its upward path, it strengthens the positive signal, therefore signaling more purchasing demand.

Furthermore, at 0.04, the token’s Chaikin Money Flow (CMF) is presently above the center line. The CMF monitors the money coming into and leaving an asset; a number above zero denotes market strength, therefore signaling a liquidity inflow.

Rising CMF, paired with a growing price point, points to high buy volume, supporting the uptrend. This suggests that considerable market involvement supports the rally, so the upswing is more likely to be maintained.

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What is Brett?

Brett cryptocurrency is an innovative project that is rapidly gaining popularity among digital assets. This cryptocurrency stands out with its security, speed and user-friendly interface features. Brett has a decentralized structure and works using blockchain technology. In this way, direct, intermediary transactions can be made between users.

Advantages of Brett Cryptocurrency

• 1. Security: Brett cryptocurrency offers high security thanks to advanced encryption methods and smart contracts. Users use advanced verification systems to ensure the security of their transactions.
• 2. Speed: Brett is known for its fast transaction confirmation times. This makes it an ideal option for users who want to make transactions without wasting time.
• 3. Low Transaction Fees: Transaction fees, which can be high in traditional financial systems, are quite low with Brett cryptocurrency. This encourages users to make more transactions.
• 4. User-Friendly Interface: Brett offers an easy-to-understand interface even for users who are new to the cryptocurrency world. Thanks to its user experience-focused design, complex transactions are simplified.

What is Brett Cryptocurrency and How to Buy It?

Buying Brett cryptocurrency is quite simple. First, you need to register on a cryptocurrency exchange where Brett is listed. Through these exchanges, you can buy Brett directly or exchange it with other cryptocurrencies. In addition, keeping Brett in a secure wallet is an important step in protecting your investment.

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The Future of Brett Cryptocurrency

Brett has established itself as a solid place in the cryptocurrency world with its technological infrastructure and innovative features. It is expected to be listed on more exchanges in the future and be adopted by wider audiences. In addition, the development team’s constant updating of the project and adding new features can support Brett’s long-term success.

The information in this article is not investment advice.

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Key Contract Specifications

• Underlying Asset: Brett (BRETT)
• Settlement Asset: USDT
• Tick Size: 0.00001
• Capped Funding Rate: +2.00% / -2.00%
• Funding Fee Settlement: Every Four Hours
• Maximum Leverage: 50x
• Trading Hours: 24/7
• Multi-Assets Mode: Supported

Strategic Implications

By launching these perpetual contracts, Binance improves its products and lets traders interact with the BRETT token in a highly leveraged setup. Though it also carries more risk, the 50x leverage option is meant to draw in seasoned traders looking to maximize possible returns. The USDⓈ-margined contracts are settled in USDT, therefore reducing the volatility usually associated with other cryptocurrencies and offering a more consistent trading environment.

Market Positioning

Emerging cryptocurrency BRETT has attracted interest for its special application inside the digital asset ecosystem. BRETT/USDT perpetual contracts on Binance Futures should boost the token’s liquidity and accessibility, therefore facilitating traders’ entrance and exit from positions as required. This release is a component of Binance’s larger plan to diversify its portfolio of products and meet the increasing market for creative trading tools.

Risk Management and Advisory

Although there is a clear possibility for large rewards, Binance emphasizes the need to know the dangers involved in high-leverage trading. The trade counsels traders on using strong risk control techniques and understanding their possibility for quick and significant losses. Leveraged trading increases both gains and losses; hence, traders should approach these contracts carefully.

Conclusion

A major addition to Binance’s offering of derivative products is the release of USDⓈ-margin BRETT perpetual contracts. These contracts provide traders wishing to profit from the market movements of the BRETT token with a strong weapon with 50x leverage and USDT settlement security. But the large leverage calls for cautious risk control and a strong awareness of market dynamics.

For more details and to start trading, users are encouraged to visit Binance’s official announcement page or contact their support team.

Click here to sign up for Binance Futures with Coin Engineer credentials and reap the rewards!

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Here are the 8 altcoin projects that Layergg believes have high potential to be listed on Binance:

Memecoins: MOG, BRETT, POPCAT

L2: BLAST, TAIKOI

AI: SPEC, AKT

Base: AERO

Layergg based its analysis on several factors, including:

The projects’ strong communities and active development teams

The projects’ innovative technology and potential use cases

The growing interest in the projects from both retail and institutional investors

The firm believes that Binance is likely to list these projects in the near future, as the exchange has a history of listing altcoins with strong fundamentals and growing popularity.

In addition, Layergg notes that the market has turned green in recent weeks, which could further encourage Binance to list new altcoins.

The post 8 Altcoin Projects with High Potential to Get Listed on Binance Soon appeared first on Coin Engineer.

Upbit’s Announcement Followed by Bithumb’s: Following Upbit’s announcement, Bithumb, the second-largest cryptocurrency exchange in South Korea, also started the day with an altcoin announcement.

BRETT and TAIKO Listings: In this regard, Bithumb announced that it will list the altcoins BRETT and TAIKO.

BRETT Listing Details:

Supported Market: Korean Won Market

Supported Network: BASE (Deposits from other networks are not supported.)

Deposit Start: 09.07.2024 (Tuesday) 15:00

Trading/Withdrawal Start: 09.07.2024 (Tuesday) 18:00

TAIKO Listing Details:

Supported Market: Korean Won Market

Supported Network: Taiko (Deposits from other networks are not supported.)

Deposit Start: 09.07.2024 (Tuesday) 15:00

Trading/Withdrawal Start: 09.07.2024 (Tuesday) 18:00

TAIKO and BRETT Price Increases: TAIKO is a zkEVM Ethereum layer 2 network supported by Vitalik Buterin. BRETT, on the other hand, is a memecoin on the Base chain. Following the listing news, BRETT and TAIKO prices increased by 14% and 16%, respectively.

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