Nearly a Quarter of Global Crypto Trading Activity Comes from the United States and Canada
According to a report released by Chainalysis, the United States and Canada contributed 24.4% to global transaction activity over the past year. From July 2022 to June 2023, the US's cryptocurrency trading volume exceeded $1 trillion, with the region, along with Canada, accounting for almost a quarter of global transaction volume. Large institutional investors are the main driving force behind this activity, with 76.9% of the region's trading volume consisting of transfers of $1 million or more. The company stated that North America still dominates global DeFi transaction volume, but the share of decentralized protocols in overall transaction volume has been declining over the past year.
Chainalysis Report: North America Leads World in Cryptocurrency Adoption Despite Regulatory Issues
Chainalysis released the "2023 Cryptocurrency Regional Report", which pointed out that North America is still the region with the largest and most active cryptocurrency activities and transaction volume in the world. The estimated value of cryptocurrency received on the chain in North America from July 2022 to June 2023 is $1.2 trillion, accounting for 24.4% of global transaction activity during the same period.
Compared with any other region, the cryptocurrency market in North America is more driven by institutional activities, with 76.9% of the trading volume being driven by transfers of $1 million or more. The on-chain activity in this region is relatively evenly distributed between DeFi and CEX.
In addition, the report pointed out that due to regulatory uncertainty in the US market, the share of DeFi cryptocurrency activities in North America has declined significantly since last year. As North America emerges from the cryptocurrency winter, regulation will play an important role in its recovery.
Visiting professor of the Hong Kong Institute of Financial Management: Hong Kong may slow down the development of virtual asset trading
Yang Yuchuan, a guest professor at the Hong Kong Institute of Financial Management, said that the cryptocurrency boom has risen rapidly in the past few years. High-risk operations have exploded in an unregulated environment, and celebrity politicians have supported the formation of this currency circle storm. The virtual trading platform is first and foremost a trading virtual currency, which is inherently risky and has no guarantee of its value, which is characterized by high risk. It is not easy for the government to incorporate these (virtual asset transactions) into regulation. Hong Kong should slow down the development of virtual asset transactions, and the government should strengthen investment risk propaganda and educate investors to be cautious and vigilant. It is not recommended for ordinary retail investors to invest in such projects.
FBI Busts Unlicensed Crypto-to-Fiat Transmitting Operation in New York State
Six Indian nationals, including Raju Patel, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel, and Shaileshkumar Goyani, have been charged with operating an unlicensed money-transmitting business converting cryptocurrency to cash for clients seeking anonymity. Five of the six suspects were arrested on October 17th. The illegal operation was uncovered after the FBI arrested an individual who had been mailing packages of cash on behalf of the co-conspirator from a post office in Westchester County, New York. The FBI learned that the bundles of money were delivered by the six suspects on behalf of the unnamed co-conspirator through 80 controlled cash pickups that a confidential source agreed to participate in. The business violates state and federal laws by failing to register with FinCEN, according to FBI Special Agent Lawrence Lonergan.
63.48% of SHIB’s circulating supply is held by whales, of which a certain address holds 41.78%
According to IntoTheBlock data, currently 63.48% of SHIB's circulating supply is held by whales. Among the top 12 whale holders, one address controls up to 41.78% of the total supply, or 410.36 trillion SHIB.
The data also shows that 22.31% (or 219.16 trillion) of circulating SHIB is held by retail investors, while 14.2% (or 139.5 trillion) is held by active investors. (CoinGape)
Zhang Yufeng, who is rumored to have donated 50 million yuan to Shenzhen University, opens a paid social media account
Zhang Yufeng, who donated 50 million yuan to Shenzhen University, announced on social media that he has opened a knowledge platform for a fee of 399 yuan. He claims that he will "answer private messages related to investment and trading, and hopes to create a pure trading atmosphere." Previously, it was reported that Zhang Yufeng had served as a partner at ABD Venture, a Singaporean hedge fund, mainly engaged in alternative asset investment and trading. He also stated that "since 2021, he has been exposed to Web3 and started researching cryptocurrencies, striving to become a non-professional Crypto Trader."
Cryptocurrency trading application Vibra is suspected to have been suspended in Nigeria and other places, Lianchuang said only Nigerian users were affected
According to Bitcoin.com, the cryptocurrency trading application Vibra, which focuses on Africa, has been suspended in Ghana, Kenya, and Nigeria. However, Vincent Li, co-founder of the Africa Blockchain Lab (the organization behind the application), insisted that the measure only affects users in Nigeria. He also added that the suspension will be temporary.
Bram Cohen: There is a fake account pretending to be me, with an underscore in front of the name
Bram Cohen, the new CEO of the cryptocurrency startup Chia Network, said that there is a fake account impersonating him by adding an underscore before his name, and it is a word-for-word imitation. Although he has already paid the verification fee, the website has not yet removed it.
Celestia updates pre-creation files, and the mainnet will be launched at 22:00 on October 31
On October 22nd, exploring.eth posted on X platform that the modular blockchain network Celestia has updated its pre-genesis.json file, with the mainnet launch scheduled for October 31st, 2023 at 14:00:00Z (22:00 Beijing time). The addresses eligible for airdrop are also included in this file, and the tokens will be directly distributed to users' wallets after the mainnet launch without the need for claiming.
Camelot: Distribution of 3.09 million ARB grant will start in a few weeks
DEX Camelot posted on the X platform, stating that after becoming the only agreement to receive 200 million votes, Camelot received 3.09 million ARB grants and will begin distribution in the coming weeks. This grant will be used to introduce new builders to the ecosystem, support native protocols, and promote the adoption of ARB. Previously, Camelot initiated a proposal to apply for 3.09 million ARB grants from Arbitrum DAO, aiming to strengthen liquidity cooperation and promote the widespread adoption of ARB. Camelot will distribute up to 3.09 million ARB as various liquidity incentives within 3 months, with most of the incentives focusing on partner pools and more widespread adoption of ARB as a basic liquidity asset.
