Binance Will Remove Some Liquidity Mining Liquidity Pools
Binance announced that Binance Liquidity Mining will remove the following liquidity pools on October 17, 2023 at 12:00 (UTC+8): BEL/USDT, FTM/BUSD, FUN/USDT, GMT/BNB, GMT/ETH, HFT/USDT, IDEX/USDT, LEVER/USDT, MAGIC/BTC, MANA/BUSD, OP/BUSD, XRP/BUSD. If users still hold positions in the above liquidity pools, the system will automatically return the assets to the user's spot wallet on October 17, 2023 at 12:00 (UTC+8).
The Storj Team Address Once Again Received 7 Million STORJ From the Multi-Signature Wallet, and a Total of 10.8 Million Tokens Have Been Transferred to Binance
According to Look on Chain data on October 10th, the address marked as "Storj Team Wallet" received 7 million STORJ (approximately $3.43 million) again from the "Storj: MultiSig" address. It is worth noting that in the past month, the Storj Team Wallet address has transferred 10.8 million STORJ (approximately $5.3 million) to Binance, while the price of STORJ has risen by about 70% in the past month.
3 Wallets Deposited $3.08 Million Worth of LINK to Binance
According to Lookonchain monitoring, three wallets deposited a total of 422,129 LINK (3.08 million USD) into Binance today. Wallet "0x009D" is very good at buying LINK at low prices and selling at high prices. This wallet deposited 122,129 LINK (891,000 USD) into Binance 10 hours ago. Wallets "0x5e85" and "0xFfAa" seem to belong to the same institution and accumulated LINK during the July price increase. Eight hours ago, they deposited 300,000 LINK (2.19 million USD) into Binance.
Hong Kong Police: They Have Received 11 Cases Involving the Transfer of Virtual Assets From Binance Accounts, Involving NT$3.5 Million
Hong Kong police pointed out on the "Guardian Network" social platform that recently there have been scammers who impersonate Binance, the world's largest cryptocurrency exchange, and send phishing text messages. If users click on the text messages, scammers can steal their Binance accounts and transfer the assets in the accounts. The police stated that in the past two weeks, they have received 11 cases of virtual assets in Binance accounts being transferred, involving a total of 3.5 million yuan.
Binance Launches Copy Trading Feature for Futures Products in Select Markets
Binance, a cryptocurrency exchange, has launched a copy trading feature for its futures products in select markets. This feature allows users to follow and replicate the trading strategies and portfolios of experienced traders, creating a more interactive and educational environment within the trading community.
Binance CEO and Exchange Face Lawsuit for Alleged Market Manipulation and Monopolization Tactics
Binance.US and its CEO, Changpeng Zhao, are facing a collective lawsuit in the Northern California District Court. The suit accuses the cryptocurrency exchange of unfair competition and attempts to monopolize the market, specifically by undermining its rival, FTX.
Binance Will Stop Euro Trading Services for Paysafe Users on September 28. Users Are Advised to Convert Their Euro Balances to USDT or Withdraw Funds to Bank Accounts
September 28th, Binance announced that Paysafe Payment Solutions Limited (Paysafe) has unilaterally decided to stop processing Euro deposits for Binance users and advises Paysafe users to take appropriate action in advance. Paysafe users can convert their Euro balance in their Binance account to USDT before 8:00 on October 31, 2023.
Binance Loses Market Share to Global Rivals Amid Regulatory Pressure
Binance, the world's largest cryptocurrency exchange, has seen a decline in market share this year, dropping from 75% at the end of 2021 to under 51% in September 2022. This decline comes as Binance faces regulatory hurdles, including lawsuits from the SEC and CFTC in the US and an investigation in France. Other global rivals, such as Huobi and Upbit, have gained traction and market share as Binance's share has declined. Trading volumes across all exchanges have also decreased, with investors and traders increasingly seeking out licensed exchanges or decentralized trading venues.
10,682,836 MATIC Transferred From Unknown Wallet to Binance
According to data, at 04:42 today Beijing time, 10,682,836 MATIC (worth about $5,507,079) was transferred from an unknown wallet to Binance.
Coinbase Director: Binance Destroyed Approximately $524 Million in BETH
September 27th, Coinbase executive Conor Grogan posted on social media that Binance destroyed about $524 million worth of BETH after it announced the creation of over $500 million worth of WBETH on its trading platform last weekend.
