High Rebate Rates as Incentives

Under the new program, liquidity providers will receive rebates ranging from 0.005% to 0.01%, based on their trading volume. Binance aims to reduce the dominance of large market makers with this system and establish a more balanced structure.

Participants who provide at least 0.5% liquidity on altcoin pairs can receive a 0.5 bps rebate. To reach a 1 bps rebate, participants must exceed the 1% liquidity threshold. Applications will start on June 9, and rebate payments will go into effect as of June 17.

Flexible Structure for Altcoin-Focused Strategies

The program makes it easier for investors with different volumes and strategies to participate. Users who have traded over $20 million in the past 30 days on Binance Spot, Margin, or other platforms will be eligible to apply. This allows both small and medium-sized participants to engage in profitable market making.

Initially, the program will be limited to 18 altcoin/USDT pairs. Notable projects included are STO, SYRUP, SXT, BABY, WCT, FIL, TON, ONDO, KMNO, W, KERNEL, ICP, PARTI, HYPER, EOS and INIT. Binance stated that this list will be updated regularly based on market demand.

Next-Generation Market Maker Model

Catherine Chen, Head of VIP and Institutional at Binance, stated that this new approach offers a significant opportunity for participants who focus on altcoin strategies. Thanks to this model, investors can actively engage in the market with custom strategies, rather than being restricted to major cryptocurrencies like Bitcoin.

The program’s benefits include reducing slippage, increasing market depth, and enhancing trading efficiency. This innovative model could help build a healthier and more sustainable trading environment for the altcoin ecosystem.

This new liquidity program can be seen as part of Binance’s long-term vision for altcoin markets. It marks an important step toward enabling more investors to play an active role in an evolving and diversified crypto landscape.

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The post Binance Announces Liquidity Expansion Initiative! “Spot Altcoin LiquidityBoost” appeared first on Coin Engineer.

IPFS Successfully Tested in Orbit

The Filecoin Foundation and aerospace giant Lockheed Martin have transmitted data using the InterPlanetary File System (IPFS) on a satellite orbiting Earth. The announcement came from Filecoin Foundation president Marta Belcher at the Consensus 2025 conference in Toronto.

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Unlike traditional web protocols like HTTP, IPFS identifies data by its content rather than location. Belcher noted that this structure is especially beneficial for space, where radiation-induced data corruption is common and latency is a serious issue. IPFS allows cryptographic verification, ensuring that data remains untampered even in extreme environments.

Reducing Delay in Space Data Transfers

“There’s a multi-second delay from the Moon and a multi-minute delay from Mars,” Belcher explained. With IPFS, users query a content ID and retrieve data from the closest source — be it your device, a satellite, or a lunar station. This drastically cuts down the delay and enhances the reliability of the system.

The Filecoin protocol uses this decentralized architecture to distribute multiple copies of data across a global network, reducing dependence on centralized storage hubs. In space, where hardware degrades more quickly, this redundancy ensures the integrity of critical data, such as satellite imagery.

Media and Military Applications on the Horizon

Belcher added that interest in decentralized storage is also rising in media and defense sectors. Archiving sensitive data securely and retrieving it globally can be revolutionary for many industries. The FIL token, central to the Filecoin ecosystem, currently holds a market capitalization of approximately $1.8 billion as of May 16.

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The post Filecoin and Lockheed Take the Web to Orbit appeared first on Coin Engineer.

Listing Details

• Trading Pair: FIL/KRW
• Trading Start Time: April 4, 2025, 07:30 UTC
• Supported Network: Filecoin (FIL)

Upbit users must ensure that deposits are made only through the Filecoin network. Deposits from unsupported networks will not be processed and may take a long time to return.

Trading Restrictions in the First Hour

• Buying will be restricted for the first 5 minutes.
• Selling orders must be at least 90% of the previous day’s closing price for the first 5 minutes.
• Only limit orders will be accepted for the first 1 hour.

These measures aim to reduce market volatility and ensure a smooth trading experience.

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What is Filecoin (FIL)?

Filecoin is a decentralized storage network built on the InterPlanetary File System (IPFS). It allows users to store data securely while enabling storage providers to earn FIL tokens as payment.

• Official Website: Filecoin.io
• Official X Account: Filecoin X

The cryptocurrency market is highly volatile, and investors should be prepared for rapid price fluctuations. Upbit is implementing temporary trading restrictions to create a stable trading environment. Additionally, investors should be aware of price differences between local and global exchanges.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Upbit Exchange Announces a New Listing! appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

BTC/USDT has dropped by 1.36% in the last 24 hours and is currently trading at $93,769. Bitcoin (BTC) seems to have bounced back from the $93,138 support, as highlighted in previous analyses. If it continues its upward movement, the resistance level lies at $94,703. On the downside, support levels are $93,138 and $92,503.

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Ethereum (ETH): The ETH/USDT pair has gained 0.42% in the last 24 hours and is currently trading at $3,416. For ETH, resistance levels are $3,440 and then $3,535, while support levels lie at $3,290 and $3,217.

Filecoin (FIL): The FIL/USDT pair has dropped by 2.37% in the last 24 hours and is now trading at $5.02. Resistance levels for FIL are $5.26 and $5.50, while support zones are $4.92 and $4.42 in case of deeper declines.

Injective (INJ): The INJ/USDT pair has declined by 1.49% in the last 24 hours and is trading at $20.70. Resistance levels for INJ are $21.39 and $22.94, while support zones are $20.09 and $18.49.

Worldcoin (WLD): The WLD/USDT pair has dropped by 3.08% in the last 24 hours and is trading at $2.15. Resistance levels for WLD are $2.30 and $2.46, while support zones are $2.13 and $1.96 in case of further drops.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market are Virtuals Protocol (VIRTUAL), ai16z (AI16Z), and PHALA (PHA).

The top gainers are Zerebro (ZEREBRO), Peanut the Squirrel (PNUT), and Fuel Network (FUEL). Meanwhile, the biggest losers are Fartcoin (FARTCOIN), CHEX Token (CHEX), and Moca Network (MOCA).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map:

• $94,881 has a notable liquidation cluster worth $20 million on the upside.
• On the downside, $92,923 holds $29.80 million in liquidations.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post The Latest on Bitcoin and Cryptocurrencies: December 30 appeared first on Coin Engineer.

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Here’s a breakdown of the key factors driving Filecoin (FIL)’s growth:

1. Glif’s Liquid Staker Platform:

• Glif raised $4.5 million in seed funding from Multicoin Capital and other VCs.
• The funding will support the development of tools for earning yield on FIL, Filecoin’s “gas” token used to pay for storing and retrieving data on the network.
• Glif’s liquid staking token, iFIL, allows users to stake their FIL tokens and earn rewards.
• Glif aims to become the largest DeFi protocol on Filecoin by the time of the network’s major tech upgrade, nearly a year from now.
• Glif is also planning a points program that will reward users based on the value of their iFIL tokens.

2. How Glif Works:

• Glif offers “liquid leasing,” which is roughly equivalent to “liquid staking” on Ethereum.
• Both processes leverage computer networks to provide returns for token holders.
• While Filecoin does not have a proof-of-stake consensus mechanism, storage providers earn block rewards based on how much FIL they collateralize.
• Glif aims to bridge the gap between FIL holders and storage providers, connecting those who want to earn yield with those who provide it.
• Currently, holders receive a derivative token called iFIL, which represents a receipt for their staked funds, and the value of their iFIL increases as interest payments accrue.

3. Glif’s Goals:

• Glif’s target is to reach 100 million FIL delivered to storage providers within a few years.
• Currently, there are 10 million tokens locked up from 1600 depositors.
• Part of the success of the growth strategy may depend on the protocol’s points program, which is expected to launch later this quarter.
• Glif will reward users with points, allowing them to earn more iFIL based on how much value their participation in yield generation brings to the ecosystem.

4. The Future of Filecoin:

• According to a blog post shared with CoinDesk, more iFIL will be equivalent to more points.
• The blog post states: “The GLIF Protocol is designed to be decentralized, allowing its stakeholders to govern and manage it.”
• A source stated that the “temporary plan” will initially determine how many tokens are airdropped to users based on points.

The post Filecoin (FIL) Is Rising: Here’s Why appeared first on Coin Engineer.

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Coinbase was sued by the SEC in June for allegedly operating as an unregistered broker, dealer, and exchange. Coinbase denied the allegations, arguing for the dismissal of the case and accusing the regulator of adopting a “regulation by enforcement” approach.

The exchange attorney William Savitt explored how securities are defined and pointed out the difference between “investing in Beanie Baby Inc. and buying Beanie Babies.”

In its June complaint, the SEC said that tokens such as SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO are securities.

Savitt made an explanation about Coinbase

Savitt noted that Coinbase does not argue that tokens listed on its website can never be considered securities.

“We do not accept the view that token transactions can never be investment contracts,” he said, adding that the SEC did not present any allegations in its case that meet the definition of an investment contract.

He also said that Coinbase agrees with the SEC that a formal contract signed by the buyer is not necessary to create an investment contract. However, he still said that token buyers reading technical reviews and other information about token projects does not mean they are buying investment contracts.

Savitt also rejected the SEC’s thesis that token sales on Coinbase should be considered investment contracts because token projects may have made certain promises to buyers and buyers may have bought tokens in the hope of a price increase.

“There needs to be a statement intended to convey an enforceable promise,” Savitt said. “That is the irreducible minimum of what could be considered an investment contract.”

The Coinbase attorney said that what really distinguishes blockchain tokens from securities is that a person who buys a stock, whether directly from an issuer or on a secondary market, receives all the rights that ownership of those securities confers, but that is not the case for tokens.

The post Coinbase Files Suit to Determine Whether Tokens Listed on Its Exchange Are Securities appeared first on Coin Engineer.

The Team Behind Filecoin

Filecoin Foundation and Filecoin Foundation for the Decentralized Web (FFDW) are a group of organizations responsible for the overall management of Filecoin and oversee open-source software development with the mission of protecting humanity’s important information. The team consists of experts in the decentralized web, blockchain technology, and global policy.

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On the panel, Rainey Reitman supports users in avoiding untrustworthy technology companies by focusing on decentralized web projects, while Joe Lubin shares the goal of creating a more decentralized internet and worldwide network by working with decentralized protocols.

Sheila Warren highlighted how blockchain and distributed ledger technology could impact globally; Danny O’Brien mentioned that the decentralized web could support diversity at a global level; and Kristin Smith addressed the uncertainties of blockchain policy in the US.

Investors and Partners

Filecoin was created by the Protocol Labs company, and among the other technologies behind this project are IPFS, libp2p, IPLD, Multiformats, and Testground. During the initial coin offering (ICO) in 2017, the price of each FIL token was set at $1.30. The Filecoin ICO was one of the largest token sales in history at the time, raising $257 million. Protocol Labs raised $186 million in funds within the first hour of this process.

However, the ICO was only open to accredited investors, as defined by US regulations. Also, Protocol Labs sold FIL tokens to investors using the SAFT (Simple Agreement for Future Tokens). Investors who chose not to stake their tokens received their tokens at the genesis block of the Filecoin network. Tokens that were staked earned a discount on the initial purchase the longer they were locked.

30% of the total FIL supply was created and distributed at the genesis block; 15% was given to the development team to support the project’s growth; and 10% went to investors with the ICO. Furthermore, the remaining 5% was reserved for the Filecoin Foundation. 70% of the supply will be distributed to nodes as block rewards over the next 16 years.

Project Idea and Operation

Filecoin’s Data Diversity Supporting Applications Platform is a project aimed at making Filecoin’s peer-to-peer distributed storage infrastructure accessible to a broad user base. Additionally, the platform supports various use cases, from NFT storage to metaverse/game asset storage to archiving Web2 data sets. With its Web3 application integrations, decentralized storage project support, education and resources, and community engagement, it underscores the advantages of Filecoin and aims to attract users to this robust storage solution.

Road Map and Ecosystem

The Filecoin Virtual Machine (FVM) project has a roadmap that concentrates on three crucial milestones. The project began with the launch of the FVM and the enabling of built-in actors to operate on the FVM. Then, Ethereum virtual machine (EVM)-compatible smart contracts were deployed to the FVM, and developers were provided the opportunity to create their own native actors. The third milestone includes efforts to enhance programmability in FVM.

With the completion of these stages, FVM-supported Lotus mainnet canaries have been launched. Also, the FVM node gained the ability to synchronize Filecoin Mainnet. Also, several tests and updates emphasizing FVM’s programmability have been carried out. So, this extensive roadmap gradually presents the integration and development of FVM into the Filecoin ecosystem.

Filecoin(FIL) Market Data

• FIL has a maximum circulating supply of 2,000,000,000 FIL.
• FIL has a circulating supply of 472.83 M FIL.

Where to Buy Filecoin (FIL)?

FileCoin (FIL) is traded on **Binance**, Coinbase, and Kraken. You can access referral links via HERE to get registered on these exchanges with a discount.

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