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Daily: Binance to invest in Web 3.0 despite the bear market</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Sep 20, 2022</li><li>08:09</li><li>2 min reading</li></ul><div class="author_block"><div class="author_image"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2720%27%20height=%2720%27/%3e"/></span><img alt="Choise.com team" srcSet="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=32&q=75 1x, /_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75 2x" src="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="author_name"><span class="dynamic_author"></span>Choise.com team</div></div></div><div class="content"><div class="main_image"><img title="Cryto Daily: Binance to invest in Web 3.0 despite the bear market" alt="Cryto Daily: Binance to invest in Web 3.0 despite the bear market" fetchpriority="high" width="742" height="0" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2022%2F09%2Fcrypto_daily_analysis_tue-2.png&w=750&q=75 1x, /_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2022%2F09%2Fcrypto_daily_analysis_tue-2.png&w=1920&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2022%2F09%2Fcrypto_daily_analysis_tue-2.png&w=1920&q=75"/></div><div class="content_block"><p class="">Binance’s multibillion-dollar portfolio manager, Yi He, who found the cryptocurrency exchange with CEO Changpeng Zhao in 2017, declared the dipping crypto market an ideal time to invest in Web 3.0 projects. This <a href="https://www.binance.com/en/blog/leadership/cofounder-yi-he-to-lead-binances-$75b-venture-capital-arm-7305725005116378288" target="_blank" rel="nofollow noopener noreferrer">announcement</a> appeared on Coin Edition: “This is the perfect moment for Yi to take on a larger role in Labs as this market presents an unparalleled opportunity to identify those projects with the tenacity to thrive in tough market conditions.”</p><p class="">The venture capital head simultaneously mentioned she has aggressive plans for the world’s largest cryptocurrency exchange, managing $7.5 billion in assets across 200+ projects for Binance. According to her, the current bear market conditions provide the perfect opportunity to invest in early-stage projects that offer long-term benefits, as well as the tough economic conditions, helping filter the “copycat” projects that only enter the industry to make quick bucks.</p><p class="">In August Binance Labs announced that it had made a 2,100% rate of return since 2018 when it was founded. A part of the returns is a contribution of the various investments the crypto exchange has made including play-to-earn game Axie Infinity, layer 2 blockchain Polygon, metaverse game The Sandbox, and move-to-earn app STEPN. In addition, Binance Labs closed a<a href="https://www.binance.com/en/blog/ecosystem/binance-labs-closes-$500m-investment-fund-to-boost-blockchain-web3-and-valuebuilding-technologies-421499824684903944" target="_blank" rel="nofollow noopener noreferrer">$500 million investment</a>fund back in June with partners such as internet investment firms DST Global Partners and Breyer Capital.</p><h3>Bitcoin price analysis</h3><p>Bitcoin priceextended lossesafter it settled below the $19,000 level. BTC broke the $18,500 support zone and traded as low as $18,223.</p><p>There was no test of the $18,000 zone and the price started an upside correction. There was a steady increase above the $18,500 and $18,800 levels. The price was able to clear the 50% Fib retracement level of the downward move from the $20,198 swing high to $18,223 low.</p><p><a href="https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21.png"><img loading="lazy" class="alignnone size-full wp-image-502848" src="https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21.png" sizes="(max-width: 1834px) 100vw, 1834px" srcSet="https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21.png 1834w, https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21-460x212.png 460w, https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21-860x396.png 860w, https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21-768x354.png 768w, https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21-1536x708.png 1536w, https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21-750x346.png 750w, https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21-1140x525.png 1140w" alt="Bitcoin Price" width="1834" height="845" data-pin-no-hover="true"/></a></p><pre>Source: <a href="https://www.tradingview.com/symbols/BTCUSD/" target="_blank" rel="noopener">BTCUSD on TradingView.com</a></pre><h3>Technical indicators</h3><p>Hourly MACD – losing pace in the bullish zone</p><p>Hourly RSI (Relative Strength Index) – above the 50 level</p><p>Major Support Levels – $19,200, $18,850</p><p>Major Resistance Levels – $19,600, $19,650, $20,500</p><p> </p><p>More real time crypto information — in our<b>Telegram Channel</b><a href="https://t.me/Choise_com_Chat">https://t.me/Choise_com_Chat</a></p></div></div><ul class="sc-a1b0f443-0 fTNNTN news_breadcrumbs"><li><a href="/news">News</a></li><li><a href="/news/dailyanalysis">Daily Analysis</a></li><li><span>Cryto Daily: Binance to invest in Web 3.0 despite the bear market</span></li></ul><div class="sc-ebb48054-0 hCkBCM"><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Cryto Daily: Binance to invest in Web 3.0 despite the bear market"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Cryto Daily: Binance to invest in Web 3.0 despite the bear market - Telegram"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Cryto Daily: Binance to invest in Web 3.0 despite the bear market - Facebook"/></button></div></section></div></section></main><footer id="footer" class="sc-3dbed908-0 fGcfsC"><div style="max-width:1200px" class="sc-7bf978d5-0 jWSTwu center_block "><div class="top_block"><div class="content"><div class="description"><div class="description_information"><p>The website and mobile apps are owned by the company Choise Services UAB. 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market","date_created":"2022-09-20T07:09:50.000Z","image":null,"old_image":"https://webinar.choise.com/wp/2022/09/crypto_daily_analysis_tue-2.png","seo_image":null,"category":{"id":"82","title":"Daily Analysis","slug":"dailyanalysis","translations":[{"title":"Daily Analysis","seo_title":null,"seo_description":null,"seo_keywords":null}]},"translations":[{"title":"Cryto Daily: Binance to invest in Web 3.0 despite the bear market","content":"\u003cp class=\"\"\u003eBinance’s multibillion-dollar portfolio manager, Yi He, who found the cryptocurrency exchange with CEO Changpeng Zhao in 2017, declared the dipping crypto market an ideal time to invest in Web 3.0 projects. This \u003ca href=\"https://www.binance.com/en/blog/leadership/cofounder-yi-he-to-lead-binances-$75b-venture-capital-arm-7305725005116378288\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"\u003eannouncement\u003c/a\u003e appeared on Coin Edition: “This is the perfect moment for Yi to take on a larger role in Labs as this market presents an unparalleled opportunity to identify those projects with the tenacity to thrive in tough market conditions.”\u003c/p\u003e\u003cp class=\"\"\u003eThe venture capital head simultaneously mentioned she has aggressive plans for the world’s largest cryptocurrency exchange, managing $7.5 billion in assets across 200+ projects for Binance. According to her, the current bear market conditions provide the perfect opportunity to invest in early-stage projects that offer long-term benefits, as well as the tough economic conditions, helping filter the “copycat” projects that only enter the industry to make quick bucks.\u003c/p\u003e\u003cp class=\"\"\u003eIn August Binance Labs announced that it had made a 2,100% rate of return since 2018 when it was founded. A part of the returns is a contribution of the various investments the crypto exchange has made including play-to-earn game Axie Infinity, layer 2 blockchain Polygon, metaverse game The Sandbox, and move-to-earn app STEPN. In addition, Binance Labs closed a\u003ca href=\"https://www.binance.com/en/blog/ecosystem/binance-labs-closes-$500m-investment-fund-to-boost-blockchain-web3-and-valuebuilding-technologies-421499824684903944\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"\u003e$500 million investment\u003c/a\u003efund back in June with partners such as internet investment firms DST Global Partners and Breyer Capital.\u003c/p\u003e\u003ch3\u003eBitcoin price analysis\u003c/h3\u003e\u003cp\u003eBitcoin priceextended lossesafter it settled below the $19,000 level. BTC broke the $18,500 support zone and traded as low as $18,223.\u003c/p\u003e\u003cp\u003eThere was no test of the $18,000 zone and the price started an upside correction. There was a steady increase above the $18,500 and $18,800 levels. The price was able to clear the 50% Fib retracement level of the downward move from the $20,198 swing high to $18,223 low.\u003c/p\u003e\u003cp\u003e\u003ca href=\"https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21.png\"\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-full wp-image-502848\" src=\"https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21.png\" sizes=\"(max-width: 1834px) 100vw, 1834px\" srcset=\"https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21.png 1834w, https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21-460x212.png 460w, https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21-860x396.png 860w, https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21-768x354.png 768w, https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21-1536x708.png 1536w, https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21-750x346.png 750w, https://www.newsbtc.com/wp-content/uploads/2022/09/Bitcoin-21-1140x525.png 1140w\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" data-pin-no-hover=\"true\" /\u003e\u003c/a\u003e\u003c/p\u003e\u003cpre\u003eSource: \u003ca href=\"https://www.tradingview.com/symbols/BTCUSD/\" target=\"_blank\" rel=\"noopener\"\u003eBTCUSD on TradingView.com\u003c/a\u003e\u003c/pre\u003e\u003ch3\u003eTechnical indicators\u003c/h3\u003e\u003cp\u003eHourly MACD – losing pace in the bullish zone\u003c/p\u003e\u003cp\u003eHourly RSI (Relative Strength Index) – above the 50 level\u003c/p\u003e\u003cp\u003eMajor Support Levels – $19,200, $18,850\u003c/p\u003e\u003cp\u003eMajor Resistance Levels – $19,600, $19,650, $20,500\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003eMore real time crypto information — in our\u003cb\u003eTelegram Channel\u003c/b\u003e\u003ca href=\"https://t.me/Choise_com_Chat\"\u003ehttps://t.me/Choise_com_Chat\u003c/a\u003e\u003c/p\u003e","short_content":"Binance’s multibillion-dollar portfolio manager Yi He declared the dipping crypto market an ideal time to invest in Web 3.0 projects.","seo_title":null,"seo_description":null,"seo_keywords":null}]}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"dailyanalysis","slug":"binance-invest-web3-despite-bear-market"},"buildId":"pnPclDEvF5ORCHIipmwih","isFallback":false,"isExperimentalCompile":false,"gssp":true,"locale":"en","locales":["en","es"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>