Binance-Backed BNB Hack Attracts UpTop and Bitring as Sponsors to Fuel Blockchain Innovation
The BNB Hack, a leading developer event in the Web3 ecosystem, has announced UpTop and Bitring as its latest sponsors, underscoring a shared commitment to driving blockchain innovation. Scheduled to take place in 2025, this hackathon will spotlight cutting-edge bounty challenges designed to accelerate scalable solutions in decentralized liquidity and AI-driven health applications on the BNB Chain. UpTop, a decentralized liquidity protocol, is set to introduce a simplified yield-generation mechanism, further enhancing the event's appeal to developers and innovators. This collaboration highlights Binance's ongoing efforts to support groundbreaking advancements in the blockchain space, fostering a vibrant ecosystem for decentralized technologies.
UpTop and Bitring Sponsor BNB Hack to Drive Blockchain Innovation
The BNB Hack, a premier developer event in the Web3 space, has secured UpTop and Bitring as new sponsors, signaling a push toward advancing blockchain innovation. The hackathon will feature fresh bounty challenges aimed at fostering scalable solutions in decentralized liquidity and AI-powered health applications on the BNB Chain.
UpTop, a decentralized liquidity protocol, is introducing a simplified yield-generation mechanism that allows single-sided BNB staking, eliminating the complexities of dual-token provision. Developers are encouraged to expand its smart contract capabilities to enhance next-generation liquidity pools.
Since its launch, BNB Hack has drawn thousands of participants working on DeFi, AI, and digital identity projects. The addition of UpTop and Bitring as sponsors underscores the event's growing influence in shaping the future of blockchain development.
XLM Eyes $0.247 Breakout as Support Holds at $0.225; Big Move Coming?
Stellar (XLM) is consolidating within a tight range, signaling potential for an imminent breakout. Resistance looms NEAR $0.2479, while support remains firm between $0.225 and $0.23. Narrowing Bollinger Bands suggest volatility is on the horizon, with rising open interest indicating traders are positioning for a significant move.
Liquidity clusters around $0.24 to $0.2479 present a formidable resistance zone, as highlighted by Binance's XLM/USDT liquidation heatmap. A breach above this level could trigger a sharp upward movement, while a drop below $0.225 may accelerate downside momentum. Market makers are closely watching these thresholds for liquidation-driven volatility.
Toncoin (TON) Price Breakout Incoming? Massive Liquidation Zone in Sight
Toncoin (TON) is demonstrating resilience above the $2.70 support level, with bullish signals emerging across technical indicators. Open interest has surged to $6.38 billion, reflecting renewed trader confidence and setting the stage for potential upward momentum.
The liquidation heatmap reveals a critical short squeeze opportunity near the $2.80 resistance zone. RSI and MACD indicators align with a bullish reversal narrative, targeting $2.92 as the next significant price level.
Market dynamics suggest accumulating buy pressure could fuel a breakout, particularly as trading volume begins to recover from recent lows. The convergence of technical factors and liquidity pools positions TON for volatile price action in coming sessions.
