After making a daily high of $31,980, Bitcoin is now trading at $30,895. Moreover, if the BTC price breaks below $30,000, then the BTC/USDT pair could fall to the $28,000 and $27,000 ranges. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $1,822.
Let’s find out some interesting crypto news in detail for today.
1 – Binance Coin Burn Destroys $393 Million Worth of BNB Tokens
Binance has announced the burning of BNB tokens worth over $390 million. As per the tweet, the team has destroyed 1,296,728 BNB tokens in its 16th token burn to date.
Of the total amount, the exchange destroyed 5,163 BNB through its Pioneer Burn Program. Moreover, the Pioneer Burn Program is an extra fund allocated to help users who have lost tokens through mistaken transactions to smart contracts. Notably, this is the second-largest BNB burn by fiat value. Back in March, $595 million worth of BNB were destroyed.
In summary: 1,296,728 #BNB (390,855,150 USD) burned by @Binance.
The remaining 16m BNB unlocked, and moved to a team address, according to the schedule in the white paper.#Binance team has never used or sold a single team #BNB thus far, only burned them.
— CZ 🔶 Binance (@cz_binance) July 18, 2021
2 – Fear Launches Liquidity Mining Campaign
Fear has announced the launch of a new 12-week liquidity mining campaign. As per the tweet, the team has allocated roughly $15,000 worth of FEAR tokens in this reward pool. Fear is a blockchain horror gaming and NFT project which aims to provide gamers and crypto enthusiasts an opportunity to own unique and rare NFTs.
In addition, FEAR is a DAO Maker launchpad project where players can also earn by farming NFTs and winning Fear coin prize pools. Notably, this liquidity mining campaign will start on July 20, 2021, at 12:00 am UTC. Users can join this campaign through the KuCoin exchange with the Hummingbot referral link.
Announcing a new 12-week liquidity mining campaign for @fearnfts on @kucoincom with a $15,000 reward pool in FEAR tokens! The campaign kicks off July 20, 2021, 12am UTC. FEAR is part of @TheDaoMaker launchpad, a @hummingbot_io Miner partner. Learn more 👉 https://t.co/WWApEfmiVe pic.twitter.com/zVNCO1dADm
— FEAR (@fearnfts) July 18, 2021
3 – IOI Game | Monika Chochlikova Partership
IOI Game has announced its partnership with WAKO world championship winner Monika Chochlikova. The IOI Game named Trade Race Manager is an NFT trading game. This game is powered by decentralized finance and is focused on the play2earn model. In addition, virtual crypto is used as a fuel for all gaming cars.
Monika Chochlikova is a gold medal winner in the WAKO world championships. Impressively, she is the first Slovak fighter ever to win the WAKO European championships and IFMA European championships. Hence, this collaboration will entice more gamers and boost the platform.
🚀🥊 IOI comming to fight game! Our champ on her way for next victory! #IOIARMY #NFTs #Play2Earn pic.twitter.com/rfQsmLPYRd
— Trade Race Manager $IOI (@IOI_game) July 18, 2021
4 – CoinMarketCap | DeRace Collaboration for DERC Airdrop
DeRace has collaborated with CoinMarketCap for its DERC airdrop. Moreover, DeRace is a complete NFT horse racing ecosystem, where users can participate in horse races. In addition, users can also breed NFT horses with unique characteristics, can create their own NFT hippodrome, and earn lucrative rewards while doing so.
Notably, this airdrop starts on July 26, 2021, and ends on August 4, 2021. The team has allocated 100,000 DERC tokens for this airdrop. More details will follow on DeRace’s official channels. Additionally, DERC holders can also take part in the governance process for the development of the DeRace platform.
🏇🏻#DeRacer’s! We’re excited to announce 100,000 $DERC #airdrop that is going to take place on @CoinMarketCap coming on 26th of July!
🚀Say tuned, more information about the airdrop coming soon! Follow our official channels not to miss it!#NFT #NFTgame #AirdropCrypto #giveaway pic.twitter.com/NEDUqQSec5
— DeRace (@DeRaceNFT) July 19, 2021
5 – Scaleswap IDO Will Go Live on July 21
In the last bit of crypto news for the day, we have Scaleswap declaring that its IDO will go live on its own platform. As per the tweet, the team has allocated 500,000 SCA tokens for the whitelist participants at the price of $0.35 per token. Notably, the SCA token holders will get benefits for their ScaleSCORE, which can provide guaranteed pool participation in the future.
This IDO Token Sale starts on July 21, 2021, at 10:30 am UTC. As stated, the initial market cap is $418,250 and the maximum cap per person is worth $300. In addition, the pool is accessible to those participants who have successfully whitelisted with approved KYC.
Scaleswap will have a public sale round on July 21. The pool is accessible to people who were successfully whitelisted. Polygon powered IDO platform will be raising $175k during this round. The startup will enter the market with $418k initial mcap.https://t.co/H3tcMeUMO9 pic.twitter.com/JyRbOPeB9M
— ICO Analytics (@ICO_Analytics) July 19, 2021