Market
Gate.io Advances Blockchain Innovation at Lead Asia Demo Day and Seoul Meta Week 2024

Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.
Gate.io, a world-leading crypto exchange, recently concluded its prominent hosting of Lead Asia Demo Day, alongside its participation in Seoul Meta Week 2024 as a Platinum Sponsor, reaffirming its leadership in both events. These platforms served as a stage for the future and advancement of blockchain technology, highlighted by keynote speeches delivered by Gate.io CEO Dr. Han Lin during Seoul Meta Week 2024.
Empowering Startups at Lead Asia Demo Day
On June 28th, Gate.io partnered with Wemade, a leading game developer in Korea known for its flagship IP, MIR, to host Lead Asia Demo Day in Seoul, drawing over 300 attendees. The event began with a welcome speech by Leo, Director of Strategy & Operations in East Asia, and Tiffany Chang, Investment Associate, highlighting Gate.io’s dedication to fostering innovation and driving industry growth.
They detailed Gate Ventures’ proactive investments and support for innovative blockchain startups, emphasizing their focus on community-driven tokenomics, genuine innovation, robust engineering, and sustainable business models across the Asia Pacific Region. Gate Ventures offers comprehensive support in areas like product development, code auditing, liquidity provision, and market making, ensuring startups receive essential resources and strategic guidance in today’s dynamic blockchain ecosystem.
Showcasing Promising Startups
During Lead Asia Demo Day, four promising startups—Batching.ai, CYRUS, Amnis Finance, and Quranium—presented their groundbreaking projects, each contributing to the limitless potential of Web3 development.
- Batching.ai: An AI-driven NFT Gaming Platform that utilizes NFT information and incorporates AI technology for image generation, allowing users to play games with their NFT decks.
- CYRUS: A blockchain startup focused on environmental and healthcare solutions, seamlessly integrating personal well-being, eco-friendly initiatives, and blockchain technology.
- Amnis Finance: The top #1 liquid staking platform on Aptos, with an impressive 10% staking apr and many farming yields. It has achieved over $104 millions in Total Value Locked (TVL) and more than 200K stakers.
- Quranium: The world’s first quantum-proof hybrid distributed ledger technology (DLT), designed to build a groundbreaking decentralized infrastructure prepared for the quantum computing era. This innovative solution stands out for its unparalleled speed and scalability, ensuring robust and future-ready performance in an evolving technological landscape.
Driving Forward with Vision and Passion
The startups showcased their innovative potential, making it a close competition for the Best Innovation Award. Ultimately, Batching.ai stood out for its groundbreaking work. Tiffany Chang commented, “We believe their cutting-edge AI-driven NFT gaming platform is set to revolutionize the Web3.0 gaming experience.”
At the end of the event, Gate.io extended its heartfelt gratitude to co-host Wemade, a pioneer among game developers in South Korea which adopted blockchain technology early to operate the world’s largest web3 game platform, Wemix Play, along with Golden Sponsors Quranium, Batching.ai, CYRUS, and Amnis, and Silver Sponsors Burrito Wallet, TetherMax, UNICE, WEMIX, and Kroma. Their generous contributions and invaluable support made this event possible.
Lead Asia Demo Day was a resounding success in fostering connections among Korean Web3 industry leaders and the community. “It was an absolute pleasure to be a part of this well-curated event by Gate.io. South Korea is a crucial market focus for Quranium, and Gate.io’s leadership in advancing Web3 initiatives in Asia will contribute significantly to building a strong ecosystem. We eagerly anticipate closer collaboration,” remarked Benjamin Shin, Chief Business Officer at Quranium.
Building Trust Beyond Blockchain
During June 26th – 28th, Gate.io also participated in Seoul Meta Week 2024 as a Platinum Sponsor, contributing to the gathering of industry leaders and enthusiasts to explore the future of blockchain technology. Dr. Lin Han, Founder and CEO of Gate.io, delivered a keynote speech titled “How We Build Trust Beyond The Blockchain,” focusing on recent security challenges in the industry and Gate.io’s mission to establish a secure and user-friendly environment, emphasizing blockchain development and financial innovation.
In addition to Dr. Han’s keynote, Tiffany Chang, Investment Associate at Gate.io, participated in a panel discussion on “AI in Web3: Transforming the Future of Decentralized Technology,” highlighting Gate Ventures’ belief in AI’s transformative potential within Web3. Gate.io also showcased a variety of technologies and innovations at its booth during Seoul Meta Week.
Seoul Meta Week 2024 and Lead Asia Demo Day were both successful events for promoting blockchain technology and its use cases and showed Gate.io’s commitment to driving Web3 innovation and industry development.
Disclaimer:
This event is for professional knowledge sharing and networking purposes only. The content herein does not constitute any offer, solicitation, or recommendation of any products or services. Please note that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement via https://www.gate.io/user-agreement.
Disclaimer
This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
BNB Price Faces More Downside—Can Bulls Step In?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.
From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.
Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.
Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.
At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.
In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
Market
VanEck Sets Stage for BNB ETF with Official Trust Filing

Global investment management firm VanEck has officially registered a statutory trust in Delaware for Binance’s BNB (BNB) exchange-traded fund (ETF).
This move marks the first attempt to launch a spot BNB ETF in the United States. It could potentially open new avenues for institutional and retail investors to gain exposure to the asset through a regulated investment vehicle.
VanEck Moves Forward with BNB ETF
The trust was registered on March 31 under the name “VanEck BNB ETF” with filing number 10148820. It was recorded on Delaware’s official state website.

The proposed BNB ETF would track the price of BNB. It is the native cryptocurrency of the BNB Chain ecosystem, developed by the cryptocurrency exchange Binance.
As per the latest data, BNB ranks as the fifth-largest cryptocurrency by market capitalization at $87.1 billion. Despite its significant market position, both BNB’s price and the broader cryptocurrency market have faced some challenges recently.
Over the past month, the altcoin’s value has declined 2.2%. At the time of writing, BNB was trading at $598. This represented a 1.7% dip in the last 24 hours, according to data from BeInCrypto.

While the trust filing hasn’t yet led to a price uptick, the community remains optimistic about the prospects of BNB, especially with this new development.
“Send BNB to the moon now,” an analyst posted on X (formerly Twitter).
The filing comes just weeks after VanEck made a similar move for Avalanche (AVAX). On March 10, VanEck registered a trust for an AVAX-focused ETF.
This was quickly followed by the filing of an S-1 registration statement with the US Securities and Exchange Commission (SEC). Given this precedent, a similar S-1 filing for a BNB ETF could follow soon.
“A big step toward bringing BNB to US institutional investors!” another analyst wrote.
Meanwhile, the industry has seen an influx of crypto fund applications at the SEC following the election of a pro-crypto administration. In fact, a recent survey revealed that 71% of ETF investors are bullish on crypto and plan to increase their allocations to cryptocurrency ETFs in the next 12 months.
“Three-quarters of allocators expect to increase their investment in cryptocurrency-focused ETFs over the next 12 months, with demand highest in Asia (80%), and the US (76%), in contrast to Europe (59%),” the survey revealed.
This growing interest in crypto ETFs could drive further demand for assets like BNB, making the VanEck BNB ETF a potentially significant product in the market.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Recovery Stalls—Are Bears Still In Control?

XRP price started a fresh decline from the $2.20 zone. The price is now consolidating and might face hurdles near the $2.120 level.
- XRP price started a fresh decline after it failed to clear the $2.20 resistance zone.
- The price is now trading below $2.150 and the 100-hourly Simple Moving Average.
- There is a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair might extend losses if it fails to clear the $2.20 resistance zone.
XRP Price Faces Rejection
XRP price failed to continue higher above the $2.20 resistance zone and reacted to the downside, like Bitcoin and Ethereum. The price declined below the $2.150 and $2.120 levels.
The bears were able to push the price below the 50% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high. There is also a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair.
The price is now trading below $2.150 and the 100-hourly Simple Moving Average. However, the bulls are now active near the $2.10 support level. They are protecting the 61.8% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high.
On the upside, the price might face resistance near the $2.120 level and the trend line zone. The first major resistance is near the $2.150 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.240 resistance. Any more gains might send the price toward the $2.2650 resistance or even $2.2880 in the near term. The next major hurdle for the bulls might be $2.320.
Another Decline?
If XRP fails to clear the $2.150 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 level. The next major support is near the $2.0650 level.
If there is a downside break and a close below the $2.0650 level, the price might continue to decline toward the $2.020 support. The next major support sits near the $2.00 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.
Major Support Levels – $2.10 and $2.050.
Major Resistance Levels – $2.120 and $2.20.
-
Bitcoin22 hours ago
$500 Trillion Bitcoin? Saylor’s Bold Prediction Shakes the Market!
-
Altcoin21 hours ago
Will XRP, SOL, ADA Make the List?
-
Bitcoin23 hours ago
Big Bitcoin Buy Coming? Saylor Drops a Hint as Strategy Shifts
-
Market22 hours ago
Coinbase Stock Plunges 30% in Worst Quarter Since FTX Collapse
-
Altcoin19 hours ago
Binance Update Sparks 50% Decline For Solana Meme Coin ACT: Details
-
Market24 hours ago
XRP Price Struggles as Whale Selling Rises To $2.3 Billion
-
Market23 hours ago
Fake Gemini Bankruptcy Emails Target Users
-
Market16 hours ago
Ethereum Struggles to Break Out as Bear Trend Fades