Cointime

Cointime

Download App
iOS & Android
Home / Data

SEC Crackdown on Binance and Coinbase Surge DeFi Trading Volumes 444%

The median trading volume across the top three decentralized exchanges (DEX) jumped 444% in the past 48 hours as crypto investors reeled from the United States securities regulator's recent legal actions against cryptocurrency exchanges Coinbase and Binance.

According to aggregated data from CoinGecko, total daily trading volumes on Uniswap V3 (Ethereum), Uniswap V3 (Arbitrum) and Pancakeswap V3 (BSC) — which account for 53% of the total DEX trading volume in the last 24 hours — increased by more than $792 million between June 5 and June 7.

Cryptocurrency Coinbase Binance
Comments

All Comments

Recommended for you

  • Uniswap’s market share in DEX has dropped to 36%

    The DEX landscape is undergoing changes, with the market share of the veteran decentralized exchange Uniswap dropping from over 50% in October 2023 to the current 36%.

  • An ETH whale repurchased 5,153 ETH with 12.23 million USDT 20 minutes ago

    A certain high-frequency trading ETH whale monitored by on-chain analyst Yu Jin bought 5,153 ETH with 12.23 million USDT 20 minutes ago.

  • Affected by Ethervista and others, Ethereum Gas temporarily rose to 33gwei

    According to Etherscan, due to the influence of contracts such as Ethervista, Ethereum Gas has temporarily risen to 33gwei, with the top three being EthervistaRouter, UniswapRouter, and BananaGun.

  • BTC falls below $60,500

    The market shows BTC has fallen below $60,500, currently trading at $60,499.2, with a 24-hour growth rate narrowing to 3.66%. The market is volatile, please be prepared for risk control.

  • $26 billion in BTC and ETH outflows on CEXs so far this year

     CryptoQuant data shows that CEX has experienced a large outflow of Bitcoin this year. From January 1 to August 24, 330,560 BTC (worth $20.8 billion) were withdrawn from these trading platforms. Seven months ago, CEX held a total of 3,009,239 BTC, but it has now dropped to 2,678,679 BTC. If this trend continues, the increasing scarcity of BTC could affect future market stability.

  • PayPal’s stablecoin PYUSD market cap exceeds $1 billion

    DeFillama data shows that the market value of PayPal's stablecoin PYUSD has exceeded 1 billion US dollars, currently about 1.013 billion US dollars. Among them, the proportion of PYUSD on Solana is 63.96%, and the proportion of PYUSD on Ethereum is 36.04%.

  • Stablecoin market value has grown for 11 consecutive months, breaking through $168 billion to hit a record high

    According to Cointelegraph, DefiLlama data shows that the market value of stablecoins has grown for 11 consecutive months, reaching a historical high of $168 billion (currently about $168.1 billion), surpassing the previous peak in March 2022 ($167 billion). This data does not include algorithmic stablecoins, whose value is maintained through algorithmic mechanisms rather than being linked to external assets such as fiat currency or gold.Crypto analyst Patrick Scott believes this is a sign of "new money flowing into the cryptocurrency space." In his X post on August 26th, he wrote, "Stablecoins have reached a new all-time high. The total market value of stablecoins, excluding algorithmic stablecoins, has now reached a historical high, surpassing the previous high in early 2022." When asked by another user if institutional investment was driving this increase, although he did not speculate on the reason for the increase, he did point out that "retail trading has been ongoing for at least eight months."According to CCData's report in July, stablecoin trading volume decreased by 8.35% last month due to reduced trading activity on centralized exchanges. The report noted that concerns about the future of USDT in Europe due to MiCA regulations were one of the reasons for the decrease in stablecoin trading activity on centralized exchanges in July. According to CoinMarketCap's data, this trend has continued into August, with current market trading volume slightly above $46 billion.

  • Telegram-linked TON token loses $2.7 billion in value after Telegram CEO arrested

    On August 26th, according to Bloomberg, the digital asset market value of the blockchain project related to Telegram Messenger LLP has shrunk by about $2.7 billion, reflecting the uncertainty caused by the detention of Pavel Durov, co-founder of Telegram. According to reports, Pavel Durov was detained at Paris airport on Saturday on suspicion of failing to take measures to prevent Telegram from being used by criminals. Subsequently, the token Toncoin (TON) of The Open Network fell more than 20%.
  • Cointime精选 ·

    Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules

    Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization
    Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules

  • ZachXBT: Suspected insiders made $3.8 million in profits on RTR

    On August 10th, Chain Detective ZachXBT posted on social media that 4 addresses made a profit of $3.8 million in the RTR sell-off, with the 9G1ELG and GHoW2 addresses belonging to the same person and receiving 500 SOL in new funds within minutes after the TGE. Previously, it was reported that Restore The Republic (RTR) had its TGE on the evening of August 8th, with rumors circulating in the community that it was related to a new project by the Trump family. The RTR token reached a high of $0.156 on August 9th at midnight. Afterwards, Eric Trump, the current Executive Vice President of the Trump Organization and son of Donald Trump, warned on social media to "be careful of false tokens" and that the only official Trump project has yet to be announced and will be announced on Twitter first. After the statement was released, RTR quickly dropped by about 95%, with a trading volume of $164 million within just 15 hours of its creation.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company