- CZ submits permission to return to UAE document to court; Montenegro court approves extradition of Do Kwon to South Korea or the United States (November 27)

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0xSekiro
4 months ago
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JPMorgan Chase: Binance’s settlement with the US government eliminates uncertainty and will help Binance regain market share.

- CZ submits permission to return to UAE document to court; Montenegro court approves extradition of Do Kwon to South Korea or the United States (November 27)

headlines

CZ submits documents to court that should be allowed to return to UAE pending judgment

John Reed Stark, the former director of the U.S. SEC Internet Enforcement Office, posted on the months of imprisonment plus several months of home detention).

Montenegro court approves extradition of Do Kwon to South Korea or US

According to the official website, a Montenegrin court approved the extradition of Terra founder Do Kwon to South Korea or the United States. Montenegros Minister of Justice will make the decision on extradition.

Binance’s new CEO: Binance’s core values ​​will not change and remain focused on protecting users and building a platform that people love to use

Binance’s new CEO Richard Teng posted on the The values ​​will not change. We remain focused on protecting users and building a platform that people love to use.

JPMorgan Chase: Binance’s settlement with the US government removes uncertainty and will help Binance regain market share

JPMorgan Chase said in a research note on Thursday that Binance’s settlement with the U.S. government would be a positive for itself and the crypto industry. For the broader market, trading on the exchange would significantly reduce the potential systemic risk from a (hypothetical) Binance collapse, the report said. It also reinforces “the ongoing shift toward regulated crypto entities and instruments, which is the target of U.S. authorities following the FTX collapse,” analysts led by Nikolaos Panigirtzoglou wrote.

Industry News

Bitcoin miner rewards and fees combined hit $46.7 million this week

IntoTheBlock posted on the Miner rewards and fees combined reached $46.7 million, the highest value in the past six months.

Glassnode: Over 83.6% of Bitcoin’s circulating supply is in a profitable state, and long-term holders are still holding on to the currency

According to the on-chain report released by Glassnode on November 20, as market transactions reached the high point of the year, more than 16.366 million BTC (equivalent to 83.6% of the circulating supply) were in profit. This is the highest level since November 2021 (nearly highest level since record highs). However, the size of unrealized profits held by investors in these coins remains modest, as measured by the difference between the spot price and the coin’s cost basis. The extent of unrealized profits held by investors has so far not been enough to incentivize long-term holders to sell, keeping total supply relatively tight.

A total of $204 million in BLUR was staked, with an average staker return of 78%

According to Scopescan monitoring, since Blur introduced staking, a total of $204 million worth of BLUR has been pledged (including $87 million from airdrops), and $88 million has been unstaking.
Currently, there are still 339 million BLUR being pledged, the average pledge price is $0.342, and the average return rate for stakers is 78%; in the past 24 hours, there has been an inflow of $21.07 million, an outflow of $18.45 million, and a net inflow of $2.6 million.

Binance Margin and Binance Futures trading platforms will delist BUSD

According to the official announcement, Binance Margin and Binance Futures platforms will remove BUSD according to the following schedule:
- Binance Leverage:
The Binance margin trading platform will suspend the BUSD/USDT isolated margin lending business at 14:00 on December 01, 2023 (Eastern District Time);
The Binance margin trading platform will automatically close and liquidate BUSD/USDT, TUSD/BUSD cross margin and BUSD/USDT isolated margin positions at 17:00 on December 11, 2023 (Eastern Eighth District time), and users will be cancelled. All pending orders on the above cross/isolated trading pairs. If the user has outstanding borrowings, the above tokens and other token assets may be sold. After that, the above cross margin/isolated margin trading pairs will be delisted from the cross margin/isolated margin margin;
- Contract:
The Binance Futures trading platform will update the leverage and margin ladder of BTCBUSD, ETHBUSD, BNBBUSD and XRPBUSD U-margined perpetual contracts at 22:00 on November 24, 2023 (Eastern District Time). Users’ current positions will be affected. Please refer to Updated leverage and margin tiers adjust margin to avoid forced liquidation.

ChainArgos: Tether blacklists 8 Tron wallets again

According to ChainArgos monitoring, Tether has once again blacklisted 8 Tron on-chain wallet addresses. These wallets appear to primarily move funds between multiple exchanges in Asia and Kraken, and it is possible (but not certain) that they may have interacted with currency service providers sanctioned by Israel such as Al Mutahadun and Dubai For Exchange.
The total USDT received by these wallets is approximately $70 million, and no other token transfers other than USDT appear to be involved.

Bitcoin’s transaction fees hit $61 million in the past seven days, surpassing Ethereum

IntoTheBlock posted on the X platform that Bitcoin transaction fees have exceeded Ethereum this week. Bitcoin transaction fees totaled $61 million over the past seven days.

Project News

BMC has suspended all deposit functions, and Byhara announced that it will transform into AI

BytomDAO officially announced the roadmap on the X platform and announced the BMC service suspension notice. At the same time, according to the new white paper released by Bytom, Bytom will transform the AI ​​​​track, commit to the combination of decentralization and AI, and will promote the implementation of the DAO governance mechanism and the launch of the AI ​​ecological fund.

Atomics Market: Investigation report and compensation plan will be announced as soon as possible

Atomics Market posted on the X platform that the team is still investigating the cause of the recent user $ATOM loss and will release a detailed incident report and compensation plan later. According to previous news, on November 24, according to shep.eth, an early participating community member of Atomics, Atomics Market founder Erik (@BRC 20 Coins) will no longer hold a management position, having suffered losses in the previous two 0 yuan purchase events. All 33, 000 $ATOM will be paid in full by the new team within one week after the handover is completed. Yesterday, Atomics Market issued a message on the

Chainlink Staking V 0.2 is coming soon, and priority migration will be open on November 29th

According to official news, Chainlink Staking V 0.2 will be launched within 3 days, with priority migration starting at 12:00 noon on November 28, US Eastern Time (1:00 on November 29, Beijing time). Within 9 days, V 0.1 stakers can migrate their staked LINK and accumulated rewards to V 0.2 and secure their access.

UniSat Wallet launches RATS and considers disclosing more codes to improve Brc 20-swap transparency

Unisat Wallet, the Bitcoin inscription wallet, posted on the X platform that it will end the Brc 20-swap voting and list RATS.
Unisat Wallet believes that the voting process seems to be manipulated by robots. In the future, it will consider improving the voting mechanism and launch the Brc 20-vote module for on-chain voting.
The platform stated that since withdrawal requests in the current system need to match deposits, if all Brc 20 assets are supported at one time, it may make it difficult to complete the withdrawal of many assets due to a lack of corresponding deposits. Therefore, UniSat Wallet will invest time, develop and expose more code to increase the transparency of Brc 20-swap and support the transition of indexers to a whitelist module. Once successfully transitioned to a whitelist module, the platform will quickly fully support all Brc 20 assets.

Blast’s top 10 ETH depositors have deposited more than $119 million in ETH, accounting for 26%

According to Spot On Chain monitoring, a total of 219,373 ETH (including stETH) has been deposited in the Blast network so far, equivalent to approximately US$455 million. These ETH will be locked until February 24, 2024.
The top 10 ETH depositors have deposited a total of 57,202 ETH (approximately $119 million), accounting for 26% of the total ETH deposits on the Blast network.
Among them, Huang Licheng (machibigbrother.eth) has deposited a total of 3,000 ETH (approximately $6.25 million), $120,000 USDC and USDT into Blast.
“boby 1337” has deposited a total of 2,243 ETH (approximately $4.63 million) and $3.501 million USDC into Blast.

The total value of Starknet bridge storage exceeds 800,000 ETH, which is approximately US$1.72 billion

Dune data shows that the total value of Starknet bridge storage (TVB) has reached 824,219 ETH, which is approximately US$1.72 billion based on current prices; the total number of bridge users on the chain is 1,196,184. In addition, the total value of Arbitrum bridge storage is 3,126,789 ETH, the total value of Optimism bridge storage is 682,424 ETH, the total value of zkSync bridge storage is 2,409,066 ETH, and the total value of Base bridge storage is 245, 516 ETH.

One week after the launch of Backpack Beta version, more than 370,000 SOL have been pledged

Backpack co-founder and former FTX employee Armani Ferrante posted on the X platform that the first phase of Backpack Exchange Beta has been open for a week. The specific data is as follows:
-About 370, 415 SOL have been staked;
-Backpack processes approximately 170,000 deposits and approximately 140,000 withdrawals;
-Backpack approves approximately 116,000 KYC applicants;
-Users traded approximately 500,000 SOL and approximately 3,250,000 PYTH.

Atomics Protocol rebuttal: Atomics Market is “lying” and ARC 20 PBST swap is not defective

Atomics Protocol has refuted claims that its protocol is flawed on the Putting users at risk. The ARC 20 PBST swap has no flaws. In fact, the team warned Atomics Market from the beginning not to use SIGHASH_NONE as it could lead to the theft of funds, and this can be proven. The fact is that they violated basic safety practices in their rush to get the product to market. To say the least, even if there is a problem with the ARC 20 PBST swap, using the SIGHASH_NONE signature is unacceptable.

KyberSwap claims: Hackers can reserve 10% of the stolen funds as a bounty, and the rest will be returned within a limited time

The KyberSwap team released negotiation information to the hacker on the chain, stating that the hacker could leave 10% of the stolen funds as a bounty to safely return all users’ funds. KyberSwap claims to know how the hacker carried out the attack, and has given the hacker until 14:00 on November 25, Beijing time, to return 90% of the stolen funds to the address starting with 0x 8180, otherwise it will continue to pursue the hackers information.

Bankless Lianchuang: BanklessDAO is a completely independent entity from Bankless

Bankless co-founder Ryan Sean Adams posted on the X platform that people are upset about BanklessDAO’s proposal to apply for ARB grants from Arbitrum and confuse BanklessDAO with Bankless. But BanklessDAO is a completely independent entity from Bankless and is a true community DAO. Ryan, co-founder David Hoffman, and Bankless have no financial interests from the DAO, have never sold BANK tokens, and have not participated in the DAOs governance voting.

TreasureDAO is building a game chain and plans to use MAGIC as a Gas token

Blue Fox Notes posted on the X platform that TreasureDAO co-creator Karel Vuong revealed that TreasureDAO is building a game chain and plans to use MAGIC as a Gas token. Blue Fox Notes stated that it is estimated that the game chain is most likely to be based on the Arbitrum chain, and it does not rule out the possibility of being based on the Cosmos chain.
In response, TreasureDAO co-founder Karel Vuong commented: “Yes, it’s true.”

Justin Sun address removed liquidity from multiple SUN.IO trading pairs and deposited approximately $28 million in stablecoins to Binance

According to 0x Scope monitoring, in the past 30 minutes, Justin Sun’s related addresses removed liquidity from multiple SUN.IO trading pairs and deposited stablecoins (22.32 million USDT, 3.03 million USDC, and 3.16 million TUSD) into Binance.

global policy

The Australian Taxation Office proposes taxing DeFi transactions, but does not clarify whether it would apply to liquidity staking and L2 bridging operations

The Australian Taxation Office (ATO) released new guidance on November 9, recommending the imposition of capital gains tax (CGT) on a range of DeFi transactions. The new guidance states that capital gains tax will be payable when a user transfers tokens to another address or smart contract that does not have “beneficial ownership” or if the address has a non-zero token balance.

The Hong Kong Digital Research Institute was included in the list of suspicious virtual asset trading platforms by the Hong Kong Securities and Futures Commission

According to the website of the Hong Kong Securities and Futures Commission, the Hong Kong Digital Research Institute (hkdao) has been included in the list of suspicious virtual asset trading platforms today. The Hong Kong Securities and Futures Commission pointed out that the company appeared to be targeting Hong Kong investors and claimed to have obtained a license from the Hong Kong Securities and Futures Commission, but this was not the case. So far, the Hong Kong Securities and Futures Commission has listed nine suspicious virtual asset trading platforms.

Investment and Financing

Distributed computing platform Expanso completes US$7.5 million in seed round financing, led by General Catalyst and others

Distributed computing platform Expanso completed a $7.5 million seed round, led by General Catalyst and Hetz Ventures. Expanso founder and CEO David Aronchick formerly worked at Protocol Lab. David Aronchick said that this round of financing will be used to promote the development of Bacalhau, its open source data processing platform, and configure additional nodes to add more capacity to handle more data tasks, including distributed training AI machine learning, processing application logs, etc. .

Character *Voice

APE held by Huang Licheng has now recovered its capital and made a floating profit of US$2.83 million.

According to Ember Monitor, with the rise in APE in recent days, the APE held by Maji’s eldest brother Huang Licheng has now recovered its capital and made a floating profit of US$2.83 million; Maji continued to buy in the three months from August 14 to November 23 APE was pledged, and a total of US$8.59 million was spent to buy 5.77 million APE, with an average cost price of US$1.49. If you include his staking income in the past few months, the average cost is $1.31. Mochi APE has gone from $2 to $1 since August.

Sun Yuchen published an article mentioning the inscription on the TRON chain, or testing the market reaction

Justin Sun posted on the X platform: The inscription on the TRON chain? This move may be to test the markets reaction.
Recently, on-chain inscriptions such as Solana, Polygon, and Fantom have become hot spots in the market. It may be related to the inscription casting activity on Fantom. Yesterday, the Fantom network gas fee soared to 10,000 gwei.

The X account of racer, the founder of friend.tech, can no longer be displayed.

The X account @0x RacerAlt of friend.tech founder Racer is suspected to have been logged out, and the current search results show This account does not exist.

Elon Musk: The X platform will be integrated with Grok and related buttons will be added

Elon Musk posted on the X platform that Grok, a subsidiary of the artificial intelligence project xAI, will be integrated with the X platform in the next few weeks and will add a Grok, analysis! button under the X platform tweet.

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