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Crypto Daily 2024-12-10 15:43:08

Binance Takes Lead In Institutional Surge, Sui Hosts First Ever P2E Game, As New ERC-20 Altcoin Brings DeFi To Masses

With the breakout to an all-time high, Binance (BNB) has attracted buyers, while the broader market is facing weakness. A follow-through in BNB can take the price to a fresh high in uncharted territory. Sui blockchain recently hosted its first Play-to-Earn (P2E) game, Kage, developed by Chirp, an IoT-focused decentralized platform. This launch highlights Sui's role as a fast and secure blockchain for innovative Web3 applications. Meanwhile, Cutoshi, an ERC-20 token, is bridging the gap between conventional and digital finance and bringing it to the masses with the advanced platform. Cutoshi is not only a memecoin, bringing various utilities that solidifies its position in the market. Binance Retest Breakout Zone: Will It Continue The Momentum? Binance recently broke out of the multi-year resistance it has been facing since 2021. In June this year, it attempted another breakout; however, sellers took control immediately after the breakout. BNB was also lagging in this bull market but has now given a strong breakout associated with strong volume. On Tuesday, BNB took out the $700 psychological zone, increasing nearly 15% intraday. On Friday, Binance retested the breakout level and saw demand picking up from the breakout level. This is a clear sign of strength in Binance, indicating that momentum could soon increase. BNB is currently the sixth-largest cryptocurrency, with a market cap of $108.38 billion, according to CoinMarketCap. It ranks just behind USDT and Solana. In November, reports revealed that sandwich attacks targeted 35.5% of the BNB Chain’s blocks, according to Decrypt. These attacks manipulate markets by exploiting decentralized exchange systems, highlighting security concerns on the BNB Chain. Despite the rise in sandwich bot activity, BNB's price showed little to no impact. Sui Blockchain Unveils Revolutionary DePIN Play-to-Earn Game The Sui blockchain has launched its first Decentralized Physical Infrastructure Network (DePIN) Play-to-Earn (P2E) game, bringing a fresh perspective to decentralized gaming. This groundbreaking game blends blockchain technology with physical infrastructure, allowing players to earn rewards by supporting decentralized networks. Using Sui's advanced features, the game connects real-world physical infrastructure with its ecosystem. Players can earn rewards through gaming and completing tasks that help operate and maintain decentralized networks. This adds a practical, real-world utility to P2E gaming while enhancing the in-game experience. Cutoshi: The Most Promising Crypto For Bull Run Cutoshi is making waves in the crypto world by blending the fun of meme coins with the innovation of DeFi. Inspired by the cultural charm of the Chinese Lucky Cat and Satoshi Nakamoto's visionary ideas, Cutoshi has built an ecosystem focused on security, privacy, and user engagement. The platform offers a unique exchange that allows users to swap crypto assets across multiple blockchains, solving key interoperability issues. It also introduces a farming protocol where community members can complete quests and earn rewards, making the experience interactive and engaging—far beyond what typical meme coins offer. The Cutoshi Learning Academy provides educational resources on DeFi and cryptocurrency for new investors, empowering them to navigate their journey toward financial freedom. CutoshiAcademy delivers tools and lessons on everything from basic crypto concepts to advanced trading strategies to bridge the gap between beginners and seasoned traders. This initiative aims to boost cryptocurrency adoption and bring it closer to the mainstream. Cutoshi’s presale has already raised over $1.3 million, offering its CUTO token at just $0.031. With its limited supply and ambitious vision, this project is shaping up to be the next big thing, mirroring the success of BNB and PEPE. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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