Crypto Exchange News & Updates

CZ Shares Bitcoin Halving Countdown Experience

On October 9th, CZ posted on the Binance Square, announcing that Binance had added a Bitcoin halving countdown display to its homepage.　　Additionally, CZ shared his experience from the past three Bitcoin halvings. He stated, “In the months leading up to the Bitcoin halving (from now), there will be increasing rumors, news, anxiety, expectations, hype, and hope. And in the year following the halving, the Bitcoin price has touched all-time highs multiple times.”　　CZ also added that, “This does not mean there is a definite causal relationship, and history cannot predict the future.”　　

2023-10-09Deep Dive

This Week's Token Unlock

Token Unlock data shows that this week, several tokens including GLMR, 1INCH, APT, EUL, SWEAT, and CYBER will experience one-time substantial unlocks. Here are the details:　　On October 11th at 8:00 AM, Moonbeam will unlock approximately 9.68 million GLMR tokens (about $2.05 million), accounting for 1.29% of the circulating supply.　　On October 11th at 8:00 PM, 1inch will unlock approximately 210,000 1INCH tokens (about $55,000), representing 0.02% of the circulating supply.　　On October 12th at 8:00 AM, Aptos will unlock approximately 45.4 million APT tokens (about $23.63 million), making up 1.9% of the circulating supply.　　On October 12th at 9:10 AM, Euler tokens will unlock approximately 150,000 EUL tokens (about $390,000), accounting for 0.8% of the circulating supply.　　On October 13th at 8:00 AM, Sweat Economy will unlock approximately 227 million SWEAT tokens (about $2.29 million), representing 2.95% of the circulating supply.　　On October 15th at 8:00 AM, CyberConnect will unlock approximately 1.26 million CYBER tokens (about $6.24 million), making up 11.43% of the circulating supply.　　

2023-10-09Deep Dive

HTX Offers White Hat Bounty of 250 ETH Worth $410,000 to the Attacker

According to ZachXBTs monitoring, Huobi (HTX) has sent a white-hat bounty of 250 ETH, valued at $410,000, to the attacker who stole 5,000 ETH. In the transaction, a message was included: Youve made the right decision. Please submit a security vulnerability analysis report via email so we can prevent similar incidents in the future. Your privacy will be protected.　　As per previous reports, approximately two weeks ago, a specific EOA address received 5,000 ETH from HTX, resulting in losses of approximately $7.9 million.　　HTX had left a message on-chain addressed to the hacker, stating: “We have confirmed your true identity. Please return the funds to 0x18709E89BD403F470088aBDAcEbE86CC60dda12e. We will offer you a 5% white-hat bonus.”　　

2023-10-08Deep Dive

The CoinEx hacker has begun transferring the stolen assets on the BNB Chain

According to earlier reports, CoinEx exchange suffered a theft due to private key leakage on September 12th, resulting in the loss of tokens valued at over $70 million. The exchange stated that the stolen assets were only a small portion of its total managed assets, and affected users would receive full compensation.　　CertiK posted on the X platform that the CoinEx attacker (0xc84) has transferred an additional 14,900 BNB (approximately $3.1 million) to an EOA address (0xCb8). Its reported that these funds were subsequently sent to different wallets through the EOA address (0x4cf) in small amounts.　　In previous reports, blockchain analysis company Match Systems has been in contact with an individual believed to be involved in cryptocurrency money laundering. This individual is reportedly selling tokens related to the recent CoinEx and Stake security incidents at a discounted price and is offering buyers a 3% discount.　　

2023-10-08Deep Dive

Alameda Extracted Billions of Customer Funds Through a 'Backdoor' Before FTX's Collapse

According to Decrypts report, FTX co-founder Gary Wang testified in court on Thursday, stating that SBF (Sam Bankman-Fried, also a co-founder) allowed Alameda to withdraw funds without limits. He explained that Alameda had a substantial credit limit, allowing them to execute orders faster on the FTX platform and withdraw funds without any limitations. He mentioned that Alameda was permitted to maintain a negative balance. When FTX collapsed, Alameda had already withdrawn $8 billion from the platform and $650 billion from its credit limit.　　He further added that Alamedas debt situation set it apart from other market makers trading on FTX. Typically, other market makers have credit limits in the range of millions or tens of millions of dollars, rather than hundreds of billions.　　

2023-10-07Deep Dive

Telegram Plans to Create a "Super Ecosystem"Similar to WeChat

The encrypted partner of the Telegram instant messaging application, the TON Foundation, is collaborating with Tencent Cloud. Telegram aims to create a “super app ecosystem” similar to WeChat, allowing third-party developers and businesses (including games, restaurants, and more) to develop mini-programs for user interaction. Developers can use JavaScript to create highly flexible interfaces that can run within Telegram or entirely replace any website.　　According to the announcement, Tencent Cloud has collaborated with the TON Foundation this week and has already successfully supported TON validators. They plan to further expand their services to help meet TONs high computational and network bandwidth requirements. Telegram games built on TON can benefit from Tencent Clouds rich gaming solutions and reference cases. For all projects built on TON, Tencent Cloud will provide a certain amount of cloud credits and product discounts, which will be available through Tencent Clouds startup program. Its worth noting that Tencent Cloud will not be the exclusive cloud provider for TON, but partners appear to be able to benefit from its synergies (TechCrunch).　　In previous news, the TON Foundation announced a partnership with Telegram to introduce a self-hosted crypto wallet called TON Space for the platforms users. Additionally, projects built on TON will

2023-09-28Deep Dive

Binance to Halt Euro Trading for Paysafe Users on September 28th

According to an official announcement, due to Paysafes unilateral decision to cease processing Euro deposits for Binance users, Binance advises Paysafe users to take appropriate action in advance.　　Paysafe users can convert their Euro balances in their Binance accounts to USDT until 8:00 AM on October 31, 2023. Additionally, users can continue to withdraw Euro balances from their Binance accounts to their bank accounts.　　Binance suspended Euro deposits for Paysafe users on September 25th at 8:00 AM. Starting from September 28th at 12:00 PM, users will no longer be able to buy or sell cryptocurrencies using Euro balances.　　

2023-09-28Deep Dive

Hong Kong's Financial Chief Vows Strong Action in JPEX Case

Hong Kong Financial Secretary Paul Chan Mo-po concluded his European visit and returned to Hong Kong in the afternoon. During his visit, he responded for the first time to the alleged fraud case involving the virtual asset trading platform JPEX. He acknowledged the announcement made earlier in the week by the Chief Executive of the Securities and Futures Commission (SFC), Ashley Alder. He noted that this incident serves as a reminder of the risks associated with trading on unlicensed virtual asset exchanges. While the Hong Kong SAR Government recognizes the significance of blockchain technology and financial innovation, it also emphasizes the importance of bringing third-generation internet-related businesses under appropriate regulation. Chan stressed that illegal activities of this nature will be dealt with severely and integrated into a suitable regulatory framework. The goal is to encourage the responsible and sustainable development of the industry, reflecting the governments policy direction.　　Secretary for Security Chris Tang Ping-keung stated that the police have received 2,392 reports related to the case so far, with contact made with over 300 individuals. The total amount involved is nearly HK$1.5 billion. To date, 12 individuals have been arrested, with HK$8 million in cash seized and over HK$77 million in

2023-09-28Deep Dive

Arbitrum Odyssey Relaunches, Inaugural Week's Missions Hosted on GMX

Arbitrum has announced the relaunch of its Odyssey event on the X platform, with the first task starting on GMX. The first week of tasks will run from September 27th, 0:00 Beijing time, to October 2nd, 0:00. Tasks for this week include engaging in leveraged trading on the GMX V2 market and sharing GMX referral links on social media.　　Arbitrum reminds users that after completing the GMX tasks, it may take several days to verify eligibility for NFT badge qualification since eligibility information needs to be manually updated this week.　　In previous news, Arbitrum Odyssey entered into a 7-week partnership with the Web3 community platform, Galxe. Participants who complete tasks and explore the 13 projects on Arbitrum One can earn custom badges.　　

2023-09-27Deep Dive

Kraken Advances European Expansion, Secures EU Digital Currency License

Kraken has announced that it has obtained an Electronic Money Institution (EMI) license from the Central Bank of Ireland. Additionally, Kraken has successfully registered as a Virtual Asset Service Provider (VASP) with Spanish Bank.　　The EMI license granted to Krakens Irish subsidiary enables the company to expand its Euro-denominated services by collaborating with European banks. This encompasses customers in 27 European Union (EU) member states and European Economic Area (EEA) countries, which are crucial growth regions for the company.　　In Spain, Krakens new VASP registration allows it to provide cryptocurrency exchange and custodial wallet services to residents of Spain. Previously, VASP registrations were recently completed in Ireland and Italy.　　In previous news, Krakens derivatives division has been in negotiations with UK regulatory authorities to expand its operations.　　

2023-09-27Deep Dive

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