Bitstamp to Discontinue Services in Canada in 2024, Urges Customers to Withdraw Funds
Bitstamp, a crypto exchange, has announced that it will cease its services in Canada from January 8, 2024. All Canadian accounts will be closed and customers will no longer have access to their accounts. Bitstamp's U.S. CEO and Global Chief Commercial Officer, Bobby Zagotta, has urged customers to withdraw their funds by the January date. Bitstamp has also halted certain services in the U.S. due to regulatory crackdowns on certain cryptocurrencies.
6 Wallet Holders Accumulated 327,751 LINK From Binance in the Past Hour
Spot On Chain monitoring shows that in the past hour, 6 wallet holders accumulated 327,751 LINK tokens (approximately $2.4 million) from Binance. It is worth noting that each of these addresses currently holds more than 800,000 LINK tokens and has not conducted any token transactions other than accumulating LINK.
A Certain Whale Accumulated $4.2 Million in LINK After Today’s LINK Drop
According to LookonChain, the institutional investor who created 81 new wallet addresses on September 15 to hoard LINK has accumulated an additional 575,632 LINK (worth approximately $4.2 million) after the recent decline in LINK price.Since September 19, the same institution has accumulated a total of 7.66 million LINK (worth approximately $56 million) from Binance.
Silo Finance’s Proposal to Apply for 1 Million ARB Incentives Has Reached the Legal Vote Threshold for Passing
On October 10th, Silo Finance, a decentralized lending protocol, proposed a Short-Term Incentive Plan (STIP) to apply for 1 million ARB tokens on Arbitrum. As of the time of writing, the proposal has received 76 million supporting votes, surpassing the required threshold of 71.51 million votes for approval.
70% of South Korea’s Total Cryptocurrency Trading Volume Is Concentrated on Centralized Exchanges
According to a report by blockchain analysis company Chainalysis, titled "2023 Global Virtual Asset Adoption Index/East Asia Report", which analyzes virtual asset trading in East Asia, it is reported that South Korea heavily relies on centralized exchanges, while Japan's virtual asset trading situation is different, with centralized exchanges and various types of DeFi protocols being almost evenly distributed.
Spartan Group Deposits 2 Million BETA to Binance
According to The Data Nerd monitoring, Spartan Group just deposited 2 million BETA to Binance at a price of 0.062 US dollars. They have deposited a total of 4 million coins in the past 2 days.
What can we expect from Shapella?
After Shapella, the next exciting upgrade to Ethereum will be the Cancun fork, which forms part of the scaling roadmap. While L2s such as Optimism and Arbitrum have reduced costs over 8x that of Ethereum base layer, data storage has always been the bottleneck in terms of cheaper transaction fees, making up over 90% of the transaction costs.
More Than 10,000 BTC Flowed Out of CEX, the Largest Outflow in a Single Month This Year
According to on-chain analysis platform Santiment data, over 10,000 BTC have flowed out from centralized exchanges (CEX) since September 7, the largest outflow in a single month this year. At the same time, the unique address of Bitcoin also fell to the lowest point in six weeks.
Address 0x73b4 Transferred 28.46 Million SAND to CEX, Equivalent to Approximately US$8.57 Million
According to Lookonchain monitoring on October 7th, a whale address starting with 0x73b4 transferred 28.46 million SAND, worth approximately 8.57 million US dollars, to Binance and OKX 3 hours ago. The last time a large amount of SAND was deposited on this address to a trading platform was on August 10th (before unlocking), and since then the price of SAND has dropped by about 30%.
Circle argues stablecoins pegged to sovereign currency are not securities in response to SEC lawsuit against Binance
Circle, the company behind USD Coin (USDC), has submitted a legal brief to a Washington D.C. district court arguing that stablecoins linked to a sovereign currency, such as the US dollar, are not securities. The brief was filed in response to the SEC's lawsuit against Binance, which accused the exchange of offering unregistered securities to investors. Circle's position is that payment stablecoins do not meet the criteria for SEC oversight as they lack the essential features of an investment contract. Binance has recently delisted three stablecoins, including Pax Dollar and TrueUSD, but still holds $683 million worth of USDC on its exchange and is accepting USDC deposits on Ethereum scaling solutions Arbitrum and Optimism.
