tl;dr
Binance co-founder Yi He refutes claims of Binance asking for tokens in exchange for listings. The dispute began when Simon Dedic of Moonrock Capital alleged Binance demanded 15% of a project's token supply for listing. Coinbase CEO Brian Armstrong countered, stating asset listings on his exchange a...
Binance co-founder Yi He is rebutting claims that Binance requires tokens in exchange for listings. The dispute arose when Simon Dedic of Moonrock Capital alleged that Binance demanded 15% of a project's token supply for listing. In response, Coinbase CEO Brian Armstrong stated that asset listings on his exchange are free. However, DeFi veteran Andre Cronje and Tron's Justin Sun supported Dedic, claiming high listing fees by Coinbase.
Yi He emphasizes that projects failing Binance's screening process cannot be listed regardless of money or tokens. Binance announced in 2018 that listing fees would be voluntary and transparent, with all proceeds going to charity.
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Technical Analysis Report: Navigating Market Trends
In the current market scenario, the S&P 500 index has shown a strong breakout above the key resistance level of 3,000, indicating a bullish trend. The Relative Strength Index (RSI) also supports this upward momentum, with a reading above 70, signifying overbought conditions but suggesting further potential upside.
However, it's important to note that the moving average convergence divergence (MACD) indicator displays a slight divergence, signaling a potential weakening of the bullish trend. This suggests a need for cautious optimism, especially considering the upcoming earnings season and geopolitical developments.
Looking at individual stocks, ABC Inc. has formed a classic head and shoulders pattern, indicating a potential trend reversal from bullish to bearish. The stock price has broken below the neckline, confirming this bearish signal. Conversely, XYZ Co. is approaching a strong resistance level at $150, and failure to break above this could lead to a bearish pullback.
In summary, while the broader market exhibits bullish momentum, it's essential to remain vigilant due to potential signs of divergence and key levels in individual stocks. Traders should closely monitor RSI, MACD, and price action for confirmation of trend continuations or reversals.
More about Emeren Group Ltd
Emeren Group Ltd, develops, builds, operates and sells solar energy projects. The company is headquartered in Stamford, Connecticut.
Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES
Market Cap: 126.6M
Dividend Yield: None
Beta (5Y Monthly): -0.31
Price/Earnings (TTM): 1.915
Earnings Per Share (EPS) (TTM): -0.163
Volume: 103,577,000
Forward Annual Dividend Rate: 5.33
Forward Annual Dividend Yield: -0.924
Payout Ratio: -0.112
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Industry: Technology, Miscellaneous Industrial & Commercial Machinery & Equipment
Market Cap: 132.39 billion
Current Price: 35.61
Dividend: 3.68
P/E Ratio: 9.3
52-Week High: 61.69
52-Week Low: 0.153
Volume: 24,605,000,000
Average Volume: 356.88
Beta (5Y Monthly): 0.14
EPS: 0.079
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Tanzanian Royalty Exploration Corp, Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.
ENERGY & TRANSPORTATION
GOLD AND SILVER ORES
112342000
None
None
0
0.127
-0.0306
36723000
1.38
2.549
0.625