NewsletterBinance Hints BNB, DOGE, MASK For Twitter Payments
The world’s largest crypto exchange Binance on Wednesday announced the launch of USDⓈ-M Binance Bluebird Index perpetual contracts. The Bluebird Index tracks BNB, DOGE, and MASK tokens. Now, some people believe Binance CEO “CZ” hinted at tokens that Twitter will support for payments. BNB and Dogecoin (DOGE) are already expected to be supported on Twitter.
Binance Bluebird Index Raises Speculation
As per an official announcement on November 2, Binance Futures will launch USDⓈ-M Binance Bluebird Index perpetual contracts (BLUEBIRDUSDT Perpetual Contracts) on November 2 at 12:00 UTC. Binance plans to offer up to 25x leverage on perpetual contracts.
Binance’s new cryptocurrency price index tracks cryptocurrencies including BNB, Dogecoin (DOGE), and MASK. Moreover, Binance calculates the index with weighted averages of the constituent tokens’ real-time prices on the Binance Spot, with a denomination in USDT.
Crypto analyst Miles Deutscher speculates whether Binance CEO “CZ” hinted at the crypto assets to be supported for Twitter payments. The speculation is based on the idea that Binance will look to have BNB support on Twitter if Elon Musk integrates Dogecoin for payments on Twitter.
“CZ invests $500m to help Elon Musk buy Twitter. Then Binance launches a “Bluebird Index” comprising of BNB, DOGE, and MASK. Is CZ hinting at these assets being used for Twitter payments (blue bird)?
In fact, Binance CEO “CZ” in an AMA yesterday asserted that supporting only one cryptocurrency on Twitter is not a better idea. Elon Musk should add support for multiple cryptocurrencies on Twitter, not just DOGE and BNB. Moreover, he believes Musk is busy looking into Twitter after the acquisition. Also, crypto payment support on Twitter may take time.
High Trading Volume on BNB, DOGE, and MASK
Dogecoin and BNB witnessed massive trading volume and price action on speculation of Twitter to support these crypto assets. Elon Musk earlier hinted at Dogecoin coming on Twitter. Binance CEO has also hinted at BNB support on Twitter. DOGE price skyrocketed over 130% in a week, whereas BNB recorded over 12% jump in a week.
Meanwhile, the MASK token saw a nearly 250% jump in price in a week. In the last 24 hours, the MASK price has soared over 55%, with the current price trading at $3.63. The trading volume has also soared nearly 270% in a day.
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