Binance Wallet Unveils 9th Token Generation Event Featuring Mind Network’s $FHE Token

Binance Wallet, the flagship crypto wallet of Binance, has announced its 9th Token Generation Event (TGE), featuring Mind Network’s $FHE token. Mind Network is a prominent Web3 infrastructure platform leveraging Fully Homomorphic Encryption (FHE) technology. The TGE for the $FHE token is set to take place on PanakeSwap, a multi-chain decentralized exchange, on April 10, 2025. The subscription window for the event was open from 11:00 AM to 12:00 PM UTC. This event marks another significant milestone in Binance Wallet’s efforts to promote innovative blockchain projects and expand its ecosystem. The $FHE token’s introduction highlights the growing importance of privacy-focused technologies in the Web3 space, with Mind Network at the forefront of this movement. Investors and enthusiasts alike are eagerly anticipating the outcomes of this TGE, as it could pave the way for broader adoption of FHE in decentralized applications.

Binance Wallet Announces 9th Token Generation Event Featuring Mind Network’s $FHE Token

Binance Wallet, the flagship crypto wallet of Binance, has unveiled the 9th Token Generation Event, showcasing the $FHE token of Mind Network, a renowned Web3 infrastructure platform that utilizes Fully Homomorphic Encryption. The TGE for the $FHE token will occur on PanakeSwap, a multi-chain decentralized exchange, on April 10, 2025. Subscriptions for the event will be open from 11:00AM to 12:00PM (UTC). Participants must maintain at least $100 worth of eligible assets across both Binance Wallet Keyless Addresses to participate.

Babylon BABY Token Launch, Airdrop, and Controversy

Babylon launched its new BABY token, which surged 40% to hit $0.15 shortly after listing on Binance. However, the token crashed due to airdrop sell-offs and profit-taking. The airdrop has been controversial over the past week, with the token’s market cap standing just below $185 million. Babylon also offers Bitcoin staking and on-chain yields.

Massive Bitcoin Inflows Surge at Binance Ahead of March CPI

Over 22,000 BTC have flowed into Binance within a span of less than two weeks, increasing the exchange’s Bitcoin reserves from 568,768 BTC on 28 March to 590,874 BTC by 9 April. This sharp rise in reserves reflects growing investor activity, possibly triggered by fears surrounding macroeconomic uncertainty and the looming U.S. Consumer Price Index (CPI) announcement. While some may interpret these inflows as a sign of potential sell pressure, others believe that it could be strategic accumulation in preparation for market volatility. On-chain metrics supported bullish sentiment with strong holder profitability and key price support zones.

Binance Leads Spot Trading Volume Despite Market Correction

For the last two months, cryptocurrencies have been in correction mode, with spot trading volume for Bitcoin (BTC) and altcoins declining significantly. Despite this decline, Binance has continued to lead other platforms in spot trading volume, with its share increasing by the end of the first quarter. According to a report from CryptoQuant, bitcoin’s spot trading volume on exchanges fell from $44 billion to $10 billion, and the total altcoin spot trading volume plummeted from $122 billion to $23 billion within the same period.

BNB Price Recovery in Motion with Hurdles Ahead

BNB price is recovering from the $535 support zone and is now consolidating gains. It might face hurdles near $588 and $600. The price is attempting to recover above the $575 resistance zone and is currently trading above $565 and the 100-hourly simple moving average. A connecting bullish trend line is forming with support at $565 on the hourly chart. The pair must stay above the $560 level to start another increase in the near term. After forming a base above $535, BNB price moved above $550 and $560 resistance levels, recovering above $580 before correcting.