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Data: 1086 BTC Transferred From Unknown Wallet to Binance

According to Whale Alert monitoring data: 1,086 BTC (worth approximately $31,644,788) were transferred from an unknown wallet to Binance.
Data: 1086 BTC Transferred From Unknown Wallet to Binance

Binance and CEO Zhao Plan to Seek Dismissal of CFTC Complaint

Binance and Changpeng Zhao filed a license application with the U.S. District Court for the Northern District of Illinois, planning to file a legal memorandum to initiate a motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC).

Binance Futures Will Launch USD-M WLD Perpetual Contract With Up to 20x Leverage

According to Binance, Binance Futures will launch the USDⓈ-M WLD perpetual contract at 2023-07-24 12:00 (UTC), with up to 20x leverage.&nbsp;<br>

Binance:Notice of Removal of Trading Pairs - 2023-07-26

According to Binance that will remove and cease trading on the following spot trading pairs at 2023-07-26 03:00 (UTC), Spot Pairs: ACM/BUSD, ALPACA/BUSD, BAR/BUSD, LSK/BUSD, QTUM/BUSD, TFUEL/BUSD.<br>

Binance Adjusts STMX U-Margined Perpetual Contract Leverage, Margin Tier and Funding Rate Settlement Frequency

According to the official announcement, Binance will update the STMX/USDT U-margined perpetual contract leverage and margin ladder at 15:15 on July 23 (Eastern Eighth District Time), and users' existing positions before the update will be affected. Users need to refer to the updated leverage and margin ladder to adjust the margin to avoid forced liquidation.<a href="https://www.binance.com/zh-CN/support/announcement/%E5%B8%81%E5%AE%89stmx-u%E6%9C%AC%E4%BD%8D%E6%B0%B8%E7%BB%AD%E5%90%88%E7%BA%A6%E6%9D%A0%E6%9D%A0%E5%92%8C%E4%BF%9D%E8%AF%81%E9%87%91%E9%98%B6%E6%A2%AF%E5%8F%8A%E8%B5%84%E9%87%91%E8%B4%B9%E7%8E%87%E7%BB%93%E7%AE%97%E9%A2%91%E7%8E%87%E8%B0%83%E6%95%B4%E5%85%AC%E5%91%8A-2023-07-23-c83d5650ed1048c2ab0b0d28562c2332"> Click here to view details.</a>

Robinhood and Binance Purchase 732 Million Dogecoin

The creator of Dogecoin, Billy Markus, expressed surprise on Twitter about discovering a computer game called "Humanity" where players guide humans to ascension as a Shiba Inu doge. The game was created by PlayStation and caused a stir within the Shiba Inu community despite not being associated with either SHIB or DOGE. Markus is considering streaming himself playing the game. In other news, Robinhood and Binance were involved in consecutive transactions of nearly 800 million Dogecoin, with the largest transfer of 450 million coins worth $32.9 million going to Robinhood. Dogecoin remains a popular trading asset with a roughly 10% increase in trading volume over the past 24 hours.

A Giant Whale Transferred 4,200 MKR to Binance and Made a Profit of About $1.6 Million

A smart whale has deposited 4,200 MKR ($4.6 million) to Binance, with MKR currently priced at $1,086. He bought at an average price of $750, which brought him a profit of about $1.6 million (50%).
A Giant Whale Transferred 4,200 MKR to Binance and Made a Profit of About $1.6 Million

Whale Transfer of 16,000 ETH to Binance Beacon Chain Does Not Trigger Significant Rise in Staked Deposits

A whale transferred 16,000 ETH from Binance to the Binance Beacon Chain, indicating improved staking on the platform. However, Ether deposits on the Beacon Chain have not had a stable direction and were down to 10,900 ETH at press time. Despite this, withdrawals did not follow with a hike, suggesting that validators had more conviction in the long-term value of staking ETH rather than short-term performance. It is worth noting that most of the ETH and staked Ether deposits were not on exchanges, with the supply outside of exchanges being ten times the exchange supply.

Binance Slashes Costs, Ripple Ready for US Banks and Crypto VCs Return

Binance, the world's most popular centralized crypto exchange, has reportedly let go of over 1,000 employees and cut some benefits due to a decline in profits caused by regulatory and market factors. The company may consider scaling back on certain products, business units, staff benefits, and policies in response to business and regulatory concerns. Despite facing charges brought against it by the SEC and an investigation by the U.S. Justice Department, Binance still holds assets worth over $63 billion. Coinfund has raised $158 million for its Seed IV Fund, indicating a resurgence of interest in the industry, although the total volume of venture funding for crypto startups has declined by 76% year-over-year. BlackRock's application for a Bitcoin exchange-traded fund has sparked predictions of a new crypto bull market, with some experts predicting a "speculative blow-off top" in 2024.

Binance CEO Warns Against Rising Phishing Attacks in Cryptocurrency Industry

Binance CEO Changpeng Zhao has issued a warning about the increasing number of phishing attacks in the cryptocurrency industry. He advised users to rely on hardware devices for two-factor authentication (2FA) instead of mobile carrier-based 2FA. This comes after Uniswap founder Hayden Adams had his Twitter account compromised and the attacker attempted to scam his followers through a malicious link. Social engineering attacks, such as SIM swap attacks, are on the rise in the industry and experts recommend using methods like Google Authenticator or Authy instead of SMS for 2FA verification.