$XPD $XPT Major Platform Developments
1. SAFU Fund Conversion to Bitcoin: Binance announced it will convert $1.00 billion of its SAFU fund stablecoin reserves into Bitcoin reserves over the next 30 days, signaling strong institutional confidence in Bitcoin.
2. New Futures Listings: Binance Futures is launching XPTUSDT and XPDUSDT perpetual contracts today at 18:00 and 18:15 (UTC+8) respectively, with maximum leverage of 100x.
3. Funding Rate Adjustments: Starting today, Binance is adjusting funding rate settlement frequency for XAUUSDT, XAGUSDT, and TSLAUSDT perpetual contracts from every 4 hours to every 8 hours, with reduced caps for precious metals contracts.
New Listings & Alpha Program
- Binance Alpha Listing: Kindred Labs (KIN) is being listed today at 19:00 (UTC+8), with airdrops available for users holding at least 241 Alpha points.
Market Context
The broader crypto market is experiencing significant volatility, with BTC falling below $83,000 (down 2.36% daily) and over $1.74 billion in liquidations across the network in the past 24 hours. This creates active trading conditions on Binance platforms.#safu #FuturesContracts #binancefuturescontract #binancealpha #kindredlabs
