β Latest Update on BNB Chain βBNB Chain is preparing for the Luban upgrade, scheduled to take place at block 29,020,050 on June 12th.
Luban will implement 3 proposals: BEP-126, BEP-174, and BEP-221:
- BEP-126: Introduces a mechanism to ensure that transactions cannot be modified, reversed, or cancelled after they have been completed.
- BEP-174: Adds an additional layer of security to minimize the risks from cross-chain bridge hacks (BNB Chain's bridge was previously hacked for $586M).
- BEP-221: Improves data transmission efficiency and reduces costs between blockchains, such as between BNB Greenfield and BNB Chain.
All these upgrades aim to enhance the security, performance, and stability of the BNB Chain network.
π’Exciting News!
$LINDACEO is now live on Trustkeys Exchange!
$2000 prize pool in trading competition
π° Trading pair: LINDACEO/USDT
π Deposit: May 30, 2023
π Trading: May 30, 2023
Read more: https://blog.trustkeys.network/lindaceo-on-trustkeys-network/
$LINDACEO is now live on Trustkeys Exchange!
$2000 prize pool in trading competition
π° Trading pair: LINDACEO/USDT
π Deposit: May 30, 2023
π Trading: May 30, 2023
Read more: https://blog.trustkeys.network/lindaceo-on-trustkeys-network/
π₯π₯ Market Briefing - Tuesday, May 30th π₯π₯π TVL on ZK-Rollups zkSync Era, Polygon zkEVM, and Starknet simultaneously hit ATH [More]
π PancakeSwap launches a role-playing game using $CAKE as rewards [More]
π Binance moves $TORN (Tornado Cash) to the Innovation Zone after the project regains administrative control [More ]
π Fantom (FTM) refunds 15% of gas fees to several projects building on the network [More]
π The proposed 30% tax on electricity used for cryptocurrency mining has been removed from the debt ceiling bill [More]
π Russia abandons plans for its own crypto exchange and instead will establish rules to regulate private exchanges [More]
π NFT marketplace Tabi secures $10M from Animoca Brands, Binance Labs, and others [More]
π The debt ceiling agreement receives mixed reactions from lawmakers ahead of the vote in the House tomorrow [More]
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The price volatility of #BTC is around $26,700 - $27,400. Strong pullback reactions at both ends indicate that sideways movement may continue.
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π Crypto investors lost $54 million to rugpulls, scams in May.
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π₯π₯ Brief market news on Monday - 05/06 π₯π₯π Bloomberg speculates that CZ may step down as CEO of Binance as regulators tighten oversight of the exchange. [More]
π The U.S. Treasury is set to issue over $1 trillion in bonds to raise capital from the market, raising concerns for risk assets like stocks and crypto. [More]
π Gate.io threatens legal action against those spreading bankruptcy rumors about the exchange. [More]
π BTC's price currently exhibits less volatility than both Amazon and Meta shares. [More]
π Atomic Wallet suffers a hack, with damages reaching $35 million. [More]
π NFT collections Degods and y00ts merge on Discord under the new name "de.xyz". [More]
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According to OKLink, more than 3 million ETH have been unstaked since the Shanghai upgrade, and the current number of validators is 602,860. The current staking amount of ETH is 19.29 million, and the staking rate is 16.04% - More
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πMarket Overview
The Top-10 cryptocurrencies are traded in red zone:
BNB -2.00%
Dogecoin -1.53%
Ethereum -1.48%
Market capitalization: $1.23T (-1.12%)
The BTC dominance: 42.09% (-0.23%)
Fear & Greed Index: 53 (Neutral)
π Top Gainers
Multichain (MULTI) +31.3%
Victoria VR (VR) +31.1%
Metal (MTL) +17.9%
π Recent Funding Rounds
Anoma $25M funding round led by CMCC Global
Demox Labs $4.5M Pre Seed funding round led by Hack VC
Kakarot zkEVM Pre Seed with participation of StarkWare and LambdaClass
BTC Futures
Aggregated Volume β $27.2B
Aggregated Open Interest β $9B
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The Top-10 cryptocurrencies are traded in red zone:
BNB -2.00%
Dogecoin -1.53%
Ethereum -1.48%
Market capitalization: $1.23T (-1.12%)
The BTC dominance: 42.09% (-0.23%)
Fear & Greed Index: 53 (Neutral)
π Top Gainers
Multichain (MULTI) +31.3%
Victoria VR (VR) +31.1%
Metal (MTL) +17.9%
π Recent Funding Rounds
Anoma $25M funding round led by CMCC Global
Demox Labs $4.5M Pre Seed funding round led by Hack VC
Kakarot zkEVM Pre Seed with participation of StarkWare and LambdaClass
BTC Futures
Aggregated Volume β $27.2B
Aggregated Open Interest β $9B
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π₯π₯Brief market update Tuesday - 06/06 π₯π₯π Apple unveiled Vision Pro, their first AR/VR headset, with a price starting from 82 million VND. [More]
π $MULTI surged as on-chain data indicated that some bridges on Multichain have resumed operations, awaiting official updates from the project. [More]
π OP SELL THE NEWS token saw an increase in anticipation of Optimism's mainnet launch for the Bedrock upgrade at 11:00 PM (UTC+7) tonight. [More]
π Stablecoin trading volume decreased by 40.6% to $460 billion in May due to reduced demand amid a sluggish market. [More]
π Volcano Energy committed to investing $1 billion to develop a clean energy BTC mining operation in El Salvador. [More]
π Montenegro court reversed its decision, allowing Do Kwon to stay abroad while awaiting trial in the fake passport case. [More]
π GameStop partnered with blockchain gaming platform Illuvium to launch a collection of 20,000 NFTs starting from June 12th. [More]
Stablecoins trading volume fell 40.6% to $460bn in May, recording the lowest monthly trading volume by stablecoins on CEX since December 2022. This drop comes with major crypto assets staying range-bound - More
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Top Exchanges by Liquidations in last 7 daysThe vast majority of the casualties were long positions last days, with more than $657M liquidated in total. Letβs take a look at the top exchanges by liquidations of longs and shorts within last week, according to Coinglass.com.
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U.S. crypto market share remains dominant but has fallen from 85% at the start of 2023 to 70% today - More
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π₯π₯Wednesday Market Brief - 07/06 π₯π₯π Coinbase, Binance, and Binance US are all determined to "fight to the end" in the lawsuit with the SEC. [More]
π The AAVE community discusses the final proposal to launch the $GHO stablecoin on the Ethereum mainnet. [More]
π The Mint Square NFT marketplace on layer 2 ZkSync & Starknet will cease operations on June 30th. [More]
π Dusk Network shortens its brand name to 'Dusk' and shifts focus from technology to partnerships and business. [More]
π Hivemind Capital Partners, a firm founded by a former CEO of Citigroup, launches a $300M fund for crypto investments. [More]
π Haun Ventures leads a $10M investment round in gaming startup Argus Labs. [More]
π Sam Altman, the creator of ChatGPT, leads a $19M investment round in Meanwhile - a project providing life insurance for Bitcoin holders. [More]
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π₯π₯Thursday Market Brief - 08/06 π₯π₯π BNB reaches a six-month low, leading the altcoin decline, while BTC remains stable. [More]
π Under pressure from the SEC, Binance US removes over 100 trading pairs from Advanced trading and suspends OTC trading. [More]
π Coinbase has no intention to delist tokens or close its staking services, determined to "fight to the end" with the SEC. [More]
π The community mints over 138,000 NFTs to commemorate Coinbase and "stand with Crypto," surpassing the legal battle with the SEC. [More]
π The acquisition deal of GOPAX (South Korea) faces obstacles as the SEC sues Binance. [More]
π The Arbitrum network had to temporarily pause this morning to resolve transaction errors but is now operating normally. [More]
π Ethereum Name Service (ENS) launches the .box domain, allowing direct links to websites and email. [More]
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Kraken is emerging as a more prominent leader amongst exchanges offering trading of USD pairs. The exchange accounted for 20% of the spot volume in the USD crowd, the highest share it has had since January 2018.
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Top Decentralized Exchanges by Total Value LockedThe total value of assets locked in DeFi-protocols across all the blockchains and platforms is above $14B, according to DefiLlama.com. Letβs compare the top decentralized exchanges by current TVL in USD, in order to evaluate their adoption scale.
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π₯π₯Friday Market Brief - 09/06 π₯π₯π CZ DENIES SEC's allegations that Binance transferred $12 billion to other companies. [More]
π CZ reminds Binance employees to be cautious with their words and reputation of the company. [More]
π Binance US only removes 10 trading pairs, keeping all USDT trading pairs after community feedback. [More]
π BitGo agrees to acquire Prime Trust, a custody company rumored to be facing bankruptcy. [More]
π Kraken launches a FREE NFT trading platform. [More]
π Coinbase withdraws over 70,000 ETH from staking amid the lawsuit with the SEC. [More]
π Users experience address swapping on CEX due to the installation of malicious extensions/software. [More]
π Lens Protocol raises $15 million to build the Web3 social network. [More]
π Former President Donald Trump faces continued indictment in a case involving classified documents. [More]
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π₯π₯Market Briefing Saturday - 10/06 π₯π₯π BTC remains sideways below $26,500; Altcoins in the red amid SEC securities allegations [More]
π CFTC wins lawsuit against unregistered exchange operator Ooki DAO, setting a negative precedent for active DAOs [More]
π Curve Finance CEO sued by ParaFi, Framework Ventures & 1kx for alleged fraudulent token distribution [More]
π Two Russian citizens charged with conspiracy to launder around 647,000 BTC from the Mt. Gox exchange hack [More]
π Vitalik Buterin highlights scaling L2, crypto wallet security, and privacy as Ethereum's three crucial transitions [More]
π Gas fees on Optimism have halved following the Bedrock upgrade [More]
π The third stablecoin draft will be discussed in the morning session of June 14th [More]
π SEC claims Alameda Research was the sole OTC counterparty for Binance US [More]
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BTC market depth on Binance US has collapsed in recent days. Both bid and ask depth have fallen over 70% since June 6 - More
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Analysis of Increasing Total Number of Unique Active Addresses in Stablecoin Transactions Amidst Altcoin Market Cap Decline and SEC Lawsuits
"The fear sentiment generated by the SEC lawsuits has influenced market participants' behavior and their preference for more stable assets."
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"The fear sentiment generated by the SEC lawsuits has influenced market participants' behavior and their preference for more stable assets."
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π₯π₯Market Briefing Monday - 12/06 π₯π₯π BTC trading below $26,000, BTC.D breaks long-term resistance, bearish news for altcoins [More]
π Binance & Coinbase users withdraw a net total of $2.35 billion and $1.8 billion respectively, nearly a week after SEC lawsuit [More]
π Hong Kong opens its doors to welcome Coinbase and other crypto exchanges as the US intensifies crackdown [More]
π Polygon Labs: MATIC serves more than just the US market [More]
π a16z to open an office in the UK, while maintaining strong investment commitment in the US market [More]
+ ALGO & FLOW establish new lows after being labeled "securities" by the SEC [More]
+ Challenges in stablecoin regulation in Europe: Advanced economies support regulations, while emerging countries want stricter measures [More]
+ Gensyn AI raises $43 million in Series A funding led by a16Z [More]
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