📣 BSCS WEEKLY UPDATE REPORT 📣

After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!

👉🏻 Let's see if you missed any news!

I. New Partner
🌟 We are delighted to announce our partnership with MomoAI - A cutting-edge social game platform

II. Event and Highlight News
✨ Events
🌟 BSCS "Chat Festival" Event
⏰ Time: 9 AM Aug 1 - 9 AM Aug 14 (UTC)
🎁 Reward: 100 USDT

✨ Highlight News
🌟 BSCS will establish a strategic partnership with a top-tier organization in the industry

🌟 Bitcoin Conference 2024: A Historic Turning Point

🌟 Weekly Community Question

III. Under Development
💠 DEX View
- Optimize and enhance the overall user experience

IV. Communities
• Telegram Channel: 90,309
• Twitter: 416,501
• Youtube: 18,500
• Facebook: 12,014

⚡ BSCS Communities: 🇬🇧|🇻🇳|🇨🇳|🇹🇷|🇧🇷|🇰🇷|🇮🇩|🇮🇳|🇧🇩|🇫🇷

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🔊Weekly Market Highlights #109: July 29 - August 4

✨In the last week of July and the first few days of August, the cryptocurrency market experienced a significant correction, largely due to a wave of political and macroeconomic news impacting the global stock market, nearly wiping out the gains made in previous weeks.

✨Over the past week, the crypto market total capitalization decreased by ~$413B (from ~$2,455B to ~$2,042B).

✨BTC Falls to and Below $60K
✅Although last weekend was also quite volatile, the scene was markedly different. BTC had a wild ride due to Donald Trump's conference appearance and pro-crypto speech, reaching a peak of $70K on Monday - its highest in about seven weeks.

✅However, the momentum shifted later that day as BTC dropped by $4K. The bears took over after stabilizing around $66K, especially on Friday. BTC plummeted from $66K to $62.2K within hours following news that the US unemployment rate had surged to its highest since 2021.

✅BTC and other riskier assets, such as US stocks, declined steeply. The retracement continued over the weekend, with BTC dropping below $60K by the end of the day—its lowest price in three weeks.

✨Alts See Nothing but Red
✅The rising BTC dominance amid BTC’s retracement means only one thing – the altcoins have it worse.

✅Overall, the total market cap decreased by approximately 20% in one week, with BTC's price falling by around 13%, indicating that other altcoins suffered even greater losses. Major names like ETH, SOL, AVAX, BNB, and DOGE all saw substantial declines, each dropping around 25% on a weekly scale.

✅The total crypto market cap is $2,042B on CoinMarketCap.

✅Total 2 Index (Marketcap excluding BTC) is now at $850B

✨Bitcoin Fear and Greed Index is 26 - Fear, lower than at the beginning of the week (74)

✨Dominance:
✅BTC: 55.9%
✅ETH: 15.8%

📣See you next week!

🔶 BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

📕 Better than Yesterday #39: Prevent Financial Crime in Crypto

Welcome back to “Better than Yesterday” series, where we explore ways to improve digital knowledge. Today, we focus on preventing financial crime in the world of cryptocurrencies.

ℹ️ Anonymity and Financial Fraud in Crypto
Anonymity is a core feature of cryptocurrencies; while it offers privacy, it also opens doors for financial fraud.

Crypto users lose over $200 million each quarter to hacks, scams, and fraud. About 94.3% of these losses are due to hacks, while 5.7% are from fraud that could have been prevented with KYC.

ℹ️ Can KYC Help Prevent Crypto Scams?
KYC aims to identify customers before they access crypto services.

While KYC can't eliminate all crypto scams, it significantly reduces their number.

If everyone passes a KYC, withdrawing illegal crypto becomes nearly impossible, deterring criminals.

ℹ️ The Role of AML Tools
Anti-Money Laundering (AML) tools detect coins involved in illegal activities, and crypto services often block these funds.

With proper KYC and AML practices, withdrawing stolen or illegal crypto becomes very difficult, helping to prevent scams.

ℹ️ Does Existing Regulation Help?
The regulations in developed regions aim to protect most crypto owners from scams and hacks.

However, the highest crypto adoption levels are in lower-middle-income countries, where regulation is often lacking.

ℹ️ Summary
Improving our defenses against financial crime in crypto requires balancing privacy and security. While KYC and AML practices are essential, global regulatory measures must address regions with high crypto adoption.

📰 Detailed Article Here

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

💬 BSCS "Chat Festival" Event - Only 7 Days Left! 💬

⌛ The clock is ticking, and the "Chat Festival" is almost over! Hurry up and dive into engaging discussions, learn valuable knowledge, and grab fantastic rewards before too late!

⏰ Time: 9 AM August 1st - 9 AM August 14th (UTC)

🎁 Reward: 100 USDT
🥇 Top 1: 25 USDT
🥈 Top 2: 20 USDT
🥉 Top 3 : 15 USDT
🎖 Top 4-5: 10 USDT/ each
🎖 Top 6-9: 5 USDT/ each

ℹ Rule
🟢 Discuss, support & provide helpful information about BSCS in our Global Telegram Group
🟢 Each message over 20 characters equals 1 point (max 200 points/day)
🟢 Daily check-in with "BSCS to the moon" equals 10 points
🟢 The Top 9 interactive users will be rewarded
🟢 We will eliminate spammers and violated comments

‼️ Note
✅ User must public Telegram username
✅ Our decision is final in all case

🙌 Act now or lose your chance of winning! The opportunity is still available!

🔶 BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

✍️ Crypto Slang Terms #25: Your Guide to the Cryptoverse 📕

💡 Ready to join BSCS & explore five blockchain words? Let's improve your crypto knowledge!

ℹ️ Total Market Capitalization (Cap): A measurement used to determine the entire market capitalization of a specific asset or asset class.

👉🏻 Example: Global cryptocurrency cap is $2.10 Trillion

ℹ️ Total Supply: The complete number of coins/tokens that are created by a blockchain project during the project’s inception.

👉🏻 Example: $BSCS Total Supply is 397,747,735

ℹ️ Total Value Locked (TVL): A metric that measures the aggregate value of all crypto assets locked in decentralized finance (DeFi) protocols via smart contracts

👉🏻 Example: $ETH TVL is $45.979 Billion

ℹ️ Traceability: The ability to track a transaction’s details, such as the transaction amount or the identities of the involved parties.

ℹ️ Tracking Cookie: A system deployed automatically when a user accesses a website, often with the hopes of collecting data used to influence a user’s online decisions.

💪 Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

♾ ABS 2024: Where Blockchain, Web3, and AI Converged

The Asia Blockchain Summit (ABS) 2024 is a major event that highlighted the latest trends and innovations in blockchain and Web3 technology.

🌐 This year’s summit is a global event, uniting over 15,000 attendees from over 65 countries, offering a unique opportunity to connect with leaders and experts from diverse fields.

ABS 2024's overarching theme is “Prospering in the Plural World of AI and Web3", specifically focusing on the economic and sociopolitical impacts and governance frameworks.

🔥 The event introduced "Plurality" as a new governance approach aimed at enhancing sustainability within the blockchain ecosystem.

Keynote speakers included prominent figures
💎 Vitalik Buterin - Ethereum founder
💎 Hester M. Pierce - SEC Commissioner
💎 Audrey Tang - Taiwan's Digital Minister
💎 Glen Weyl - Economist
and many more.

The summit also featured specialized summits such as the TON Summit and the Web3 Game Con, as well as major showcases from industry giants like Solana, TRON, and Polkadot.

🇹🇼 Taiwan's role as a leading hub for Web3 innovation was a major highlight, with local tech giants ASUS and ACER, among others, showcasing their contributions to the blockchain space.

🚀 The event provided a platform for meaningful discussions, collaborations, and networking opportunities, ultimately shaping the future trajectory of blockchain technology and its applications across various industries.​

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

📣 BSCS WEEKLY UPDATE REPORT 📣

After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!

👉🏻 Let's see if you missed any news!

I. Event and Highlight News
✨ Events
🌟 BSCS "Chat Festival" Event - Only 7 Days Left!
⏰ Time: 9 AM Aug 1 - 9 AM Aug 14 (UTC)
🎁 Reward: 100 USDT

✨ Highlight News
🌟 ABS 2024: Where Blockchain, Web3, and AI Converged
⏰ Time: Aug 6 - Aug 8

🌟 Weekly Community Question

II. Education
🌟 Better than Yesterday #39: Prevent Financial Crime in Crypto

🌟 Crypto Slang Terms #25: Your Guide to the Cryptoverse

III. Under Development
💠 DEX View
- Optimize and enhance the overall user experience

IV. Communities
• Telegram Channel: 89,932
• Twitter: 419,359
• Youtube: 18,500
• Facebook: 12,063

⚡ BSCS Communities: 🇬🇧|🇻🇳|🇨🇳|🇹🇷|🇧🇷|🇰🇷|🇮🇩|🇮🇳|🇧🇩|🇫🇷

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🔊Weekly Market Highlights #110: August 5 - August 11

✨The crypto market crash continues to shake investors, with BTC plummeting to $49K on August 5—its lowest price since February 2024.

✨Over the past week, the crypto market total capitalization increased by ~$16B (from ~$2,042B to ~$2,058B).

✨BTC's Price Fluctuated ~30%
✅Last weekend was ruled by the bears, dragging the primary cryptocurrency down from $66K on Friday to $57K by Sunday evening. The situation worsened Monday as the price plummeted to $49K, marking BTC’s lowest point in about six months.

✅However, the asset began to regain some ground in the following days, peaking on Friday morning at nearly $63K, which meant BTC had recovered over $13K in value in less than a week.

✅Despite this rebound, BTC struggled to maintain its momentum and retracted by a few thousand dollars. Since then, the market has been choppy, but BTC has stabilized around $59K.

✨Altcoins' Week of Recovery
✅After a sharp decline, what we often see is a recovery of Altcoins, green flooding the market again

✅XRP and BNB are also noteworthy gainers among the larger-cap altcoins, rising by just over 17% and 13%, respectively. As a result, XRP is now trading at approximately $0.56, while BNB has climbed above $500.

✅ETH, SOL, ADA, AVAX, SHIB, and BCH are also slightly in the green, while FET and MKR are the only two names in the top 50 in red.

✅The total crypto market cap is $2,058B on CoinMarketCap.

✅Total 2 Index (Marketcap excluding BTC) is now at $855B

✨Bitcoin Fear and Greed Index is 25 - Extreme Fear, lower than at the beginning of the week (26)

✨Dominance:
✅BTC: 56.3%
✅ETH: 14.9%

📣See you next week!

🔶 BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

💬 BSCS "Chat Festival" Event - Only 1 Days Left! 💬

⌛ Just 1 days left to join our exclusive "Chat Festival" Event! Time is running out, so hurry and secure your spot in this unforgettable event!

⏰ Time: 9 AM August 1st - 9 AM August 14th (UTC)

🎁 Reward: 100 USDT
🥇 Top 1: 25 USDT
🥈 Top 2: 20 USDT
🥉 Top 3 : 15 USDT
🟢 Top 4-5: 10 USDT/ each
🟢 Top 6-9: 5 USDT/ each

ℹ️ Rule
🟢 Discuss, support & provide helpful information about BSCS in our Global Telegram Group
🟢 Each message over 20 characters equals 1 point (max 200 points/day)
🟢 Invite a friend to group equal 10 points (max 100 points/day)
🟢 Daily check-in with "BSCS to the moon" equals 10 points
🟢 The Top 9 interactive users will be rewarded
🟢 We will eliminate spammers and comments that violate the community’s standards

‼ Note
✅ User must public Telegram username
✅ Our decision is final in all case

🙌 Act now or lose your chance of winning! The opportunity is still available!

🔶 BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

👏🏻 BSCS "Chat Festival" Event - Officially Ended! 🎉

❤️ Thanks to everyone who engaged in insightful discussions and contributed to the vibrant community spirit. Your enthusiasm made this event a great success!

🙌 We will announce the winners real soon after summarizing the data. Stay tuned for the result.

🎁 Reward: 100 USDT
🥇 Top 1: 25 USDT
🥈 Top 2: 20 USDT
🥉 Top 3 : 15 USDT
🟢 Top 4-5: 10 USDT/ each
🟢 Top 6-9: 5 USDT/ each

‼ Note
✅ User must public Telegram username
✅ Our decision is final in all case

🚀 We appreciate all the active participation and are eager for more exciting events in the future!

🔶 BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🔶️ BSCS is Coinfest Asia 2024's official community partner!

💎 Coinfest Asia 2024 promises to be an exciting event for those interested in Web3 innovations.
📍 Venue: Bali, Indonesia
🗓 Date: August 22-23, 2024

It will feature renowned industry figures, including James Zhang, Samuel Yim, Dan Anthony and Topp, as well as other speakers who have not yet been announced.

Coinfest Asia 2024 will be a key event for networking, learning and exploring the future of Web3 technologies.

🎟 Get your tickets here
🟢 Use BSCS special promo code [CA24BSCS] to get 10% off!

☀️ Take part in Asia’s immersive Web3 festival, where innovation meets adoption.

⭐️ Coinfest Asia Official Media Channels:
Website | Telegram | Twitter | Facebook | Instagram | LinkedIn

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🔶️ BSCS is thrilled to announce our partnership with Token2049 Singapore event as a Community Partner.

Token2049 is a premier global Web3 event where the crypto community can connect, share insights, and explore new possibilities in the evolving digital landscape

🗓 Date: September 18-19
📍 Location: Marina Bay Sands, Singapore
🎟 Register now at TOKEN2049
🔶 Use BSCS special promo code [BSCS15] to get 15% off for Main Event ticket!

We're proud to be an official Community Partner, strengthening our ties in the Web3 community and opening doors for collaboration in this fast-evolving industry.

With a stellar lineup of attendees, you definitely don’t want to miss the chance to grab discounted tickets.
🟢 Richard Teng - CEO of Binance
🟢 Anatoly Yakovenko - Founder of Solana
🟢 Sandeep Nailwal - Founder of Polygon
🟢 Balajis Srinivasan - Founder of The Network State
& more as speakers.

Come dine with us at this intellectual feast! Grab your ticket now!

⭐️ Token2049 Official Media Channels:
Website | Twitter | Telegram | Youtube | LinkedIn

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

📣 BSCS WEEKLY UPDATE REPORT 📣

After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!

👉🏻 Let's see if you missed any news!

I. New Partner
🌟 BSCS established a partnership with Coinfest Asia 2024

🌟 Catch up with BSCS at Token2049 Singapore as we are one of Community Partners

II. Event and Highlight News
✨ Events
🌟 BSCS "Chat Festival" Event Officially Ended
🎁 Reward: 100 USDT

🌟 BSCS is Coinfest Asia 2024's official Community Partner
⏰ Date: August 22-23, 2024

🌟 BSCS is joining the Token2049 Singapore event as an official Community Partner
⏰ Date: September 18-19, 2024

✨ Highlight News
🌟 BSCS "Chat Festival" Event - Only 1 Days Left!
⏰ Time: 9 AM Aug 1 - 9 AM Aug 14 (UTC)
🎁 Reward: 100 USDT

🌟 Weekly Community Question

III. Under Development
💠 DEX View
- Optimize and enhance the overall user experience

IV. Communities
• Telegram Channel: 89,555
• Twitter: 419,276
• Youtube: 18,500
• Facebook: 12,063

⚡ BSCS Communities: 🇬🇧|🇻🇳|🇨🇳|🇹🇷|🇧🇷|🇰🇷|🇮🇩|🇮🇳|🇧🇩|🇫🇷

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🔊Weekly Market Highlights #111: August 12 - August 18

✨After the early August slump, the crypto market has stabilized, with BTC and ETH remaining within their previous price ranges for most of last week. This stability persisted despite positive news from the US inflation report.

✨Over the past week, the crypto market total capitalization increased by ~$17B (from ~$2,058B to ~$2,075B).

✨BTC's Calm
✅Overall, BTC prices remained relatively stable last week. The cryptocurrency space was notably calm despite positive economic news invigorating the gold and energy markets.

✅BTC opened the week at $58.7K and experienced a moderate rally, reaching a high of $61.8K by Wednesday. However, it faced a dip on Thursday, falling to a low of $56K. This resulted in a total price fluctuation of approximately 9% throughout the week. At the time of writing, BTC is trading around ~$58.7K

✅BTC's Market Cap at $1.15T

✨Altcoins Look at BTC
✅With BTC remaining stable, most altcoins also experienced minimal price fluctuations over the past week.

✅According to the weekly chart, TON has shown the most impressive growth among the top 10 altcoins, with a price increase of approximately 15%. It is currently trading at around $7.

✅Continuing its upward trend, LTC rose by 10%, BNB by 5%, and ETH by 4%. They are currently trading at approximately $66.3, $537, and $2,643, respectively.

✅On the other hand, DOGE, SOL, SHIB, PEPE, DOT, and XLM are in light red.

✅The total crypto market cap is $2,075B on CoinMarketCap.

✅Total 2 Index (Marketcap excluding BTC) is now at $875B

✨Bitcoin Fear and Greed Index is 28 - Fear, lower than at the beginning of the week (25)

✨Dominance:
✅BTC: 55.8%
✅ETH: 15.3%

📣See you next week!

🔶 BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

📣 Turning Up the Volume on DePIN: Beyond the HYPE with U2U Network and JDI!

🔥 We’re thrilled to become a media partner for DePIN Alliance: Beyond the HYPE - Powered by U2U Network and JDI Ventures, a side event of TOKEN2049!

🗓 Date: September 16th
📍 Venue: Hopscotch Bar Singapore (Gardens by the Bay)
👉 Register Here 👈

🌐 The event promises to deliver exciting experiences by bringing together many renowned leaders in the crypto and blockchain industry.

A unique opportunity to engage with 30+ global blockchain innovators like Owlto Finance and Orochi Network and over 10 top-tier VCs managing portfolios exceeding $1 billion, including prominent names!

🔶️ We’re proud to contribute to the growth of the DePIN ecosystem, and we believe this event will play a key role in shaping its future.

🔔 Stay tuned with us and U2U Network for the latest insights and updates from the event

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🔥 BSCS "Meme Time" Event 👀

Get creative with your memes and win valuable rewards from BSCS with the funniest & most inspired artwork!

⏰ Time: 9 AM 21 Aug - 9 AM 04 Sep (UTC)

🎁 Reward: 150 USDT
🔶️ Daily Winners: 5 USDT/each for 2 winners per day

ℹ Rule
💠 Get the resources Here
💠 Unleash your creativity, create unique BSCS memes
💠 Share your artwork at
👉 BSCS Global Telegram Group
👉 This Tweet

‼ Notice
✅ We will select 2 winners with quality and creative memes each day
✅ The entry must contain the hashtag #BSCS #MemeTime
✅ Participants must have at least 100 messages per day in our Telegram Group

Prepare for the ultimate clash of creativity and have your claim on the Memelord List!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🔥 BSCS Complete Burned 603,458 Tokens For The 28th Burning Event ‼️

We will use 15% of the monthly IDO fee to buy back and burn more $BSCS, helping reduce inflation and enhance the token value.

✅ Detailed transaction: https://bscscan.com/tx/0xe4613ac3cf9f2195a30316de2942f7d22f4e24f897b23af28591ad0fc34e2ff3

✅ BSCS were burned via smart contract: 0x0000000000000000000000000000000000000000

✅ Current Total Supply: 397,144,277 $BSCS

ℹ️ BSCS' new IDO RULE, "Vanguard," is available and ready to offer the community & project teams more flexibility when accessing our Launchpad services.

🔶️ Join our IDO Builder Program to increase the monthly $BSCS token burn & earn valuable rewards for your contribution!

💎 Want to explore more exclusive benefits from us?
👉 Become a BSCS Holder
👉 Apply to Launch on BSCS

🚀 Stay tuned! More good news is coming your way!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion

🎉 BSCS "Chat Festival" Event - Winners Announcement! 🔥

👏 Huge shoutout to all the amazing users who joined the BSCS "Chat Festival"! Your energy and awesome chats made it a blast!

🏆 Let's unveil the top winners taking home the prizes:

🥇 Top 1: 25 USDT
@maruf0407

🥈 Top 2: 20 USDT
@Effie24

🥉 Top 3: 15 USDT
@SUKAMOL99

🏅 Top 4-5: 10 USDT/ each
@tiantian87
@MD_SK_Hamid

🏅 Top 6-9: 5 USDT/ each
@mone13
@eath3594
@Dkdugw
@onlineearn04

🎁 DM @Billybutcher9112 to verify your info and receive the prize within 3 days!

🙌 A big thanks to everyone who joined in! Your vibes and chats rocked our world!

👉 Stay tuned for more fun events and adventures ahead! Let's keep the party going!

🔶 BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion