October 23, according to Lookonchain monitoring, about 10 minutes ago, 2 new wallet addresses withdrew a total of 24,784 TRB ($1.88 million) from OKX and Binance. In the past three days, a total of 7 new wallet addresses have withdrawn 198,755 TRB ($15.06 million, accounting for 7.83% of the total supply) from trading platforms.

October 22 morning news

Binance Japan and Mitsubishi UFJ bank want to help with the country's Web3 ambitions by issuing stablecoins.

Binance, the top global crypto exchange, has announced that it will be shutting down its crypto-powered Visa debit card service in the European Economic Area (EEA) in December. Customers' accounts will not be affected, and the exchange is urging European customers to transition to Binance Pay, its crypto payment technology.

October 21st, according to official sources, Binance will launch RIF perpetual contracts with 1-50x leverage in U denomination at 20:30 on October 21st, 2023 Beijing time.

October 21st, according to official sources, Binance will stop providing its Visa card services in the European Economic Area. Users who hold the card can continue to use it until December 20th. If feasible, users can consider using Binance Pay to shop with cryptocurrencies at merchants who accept them.

According to Spot On Chain monitoring, 5 new whales have accumulated 141,328 TRB (worth $9.48 million) on Binance in the past 24 hours, with an average price of $67.04. It is worth noting that since August 30th, the TRB price has risen by 392%. We have identified 15 addresses that have collectively accumulated 1.444 million TRB ($39.6 million) on Binance and OKX during this period, with an average price of $27.4.

The US Chamber of Digital Commerce has filed an amicus brief in support of Binance in its legal battle against the US Securities and Exchange Commission (SEC). The group argues that the SEC's actions are driving crypto startups offshore and stifling financial innovation. They also claim that the SEC has mislabelled many crypto tokens as unregistered securities and failed to recognise the distinction between the subject of an investment-contract security and the investment contract itself. The SEC has recently levied enforcement actions against several digital asset companies, including Binance, Coinbase, and Kraken.

Binance, the world's largest cryptocurrency exchange, has announced the removal of certain liquidity pools on its Binance Liquid Swap platform. The affected pools include major cryptocurrencies such as Bitcoin, Ethereum, BNB, Cardano, Polygon, Solana, Shiba Inu, and Dogecoin. The move is part of Binance's strategy to end BUSD stablecoin support by February 2024. Users will no longer be able to add liquidity to the affected pools from October 23, and those holding positions in these pools will receive their deposited assets in their spot wallets by October 27.

According to Whale Alert monitoring, at 14:00:24 Beijing time, 50,679,730 USDT was transferred from an unknown wallet to Binance, worth $50,735,477.