Binance

According to reports, data shows that 18657 ETH (valued at approximately $33295276) has been transferred from Binance to an unknown wallet. Interpretation of this information: The cryptocurrency market has been abuzz with news of a massive transfer of Ethereum from the popular exchange, Binance, to an unknown wallet. Reports confirm that a whopping 18657 ETH, worth approximately $33,295,276, was moved. The reasons for this transfer are unclear, and it has left investors and analysts alike speculating about its implications. Firstly, it is worth noting that Ethereum, the second most popular…

According to the official announcement, based on recent community feedback, Binance found that some users used multiple accounts to test snapshot logic, and borrowed BNB in large amounts on other platforms to conduct high-frequency BNB asset withdrawals, resulting in a large number of BNB position statistics for these users in the Launchpad project. Interpretation of this information: Binance, one of the world’s largest cryptocurrency exchanges, has recently announced that it has discovered some users who used multiple accounts to test snapshot logic and borrowed BNB in large amounts on other…

It is reported that according to the data on the chain, 11125 BTCs (worth about $267956866) were transferred from unknown wallets to Binance. Interpretation of this information: The message indicates that 11125 BTCs were transferred from unknown wallets to Binance. This suggests that someone with a significant amount of Bitcoin decided to move their funds to this popular cryptocurrency exchange. It is worth noting that Binance has a reputation for being a reliable and secure platform, and many traders prefer to use it to buy and sell cryptocurrencies. There are…

It is reported that according to Whale Alert data, 50050049 USDTs were transferred from Tether Treasury to Binance. Interpretation of this information: The message reports that there has been a transfer of 50,050,049 USDT (a stable coin tied to the value of the US dollar) from Tether Treasury to Binance. This information was obtained from Whale Alert data, a Twitter account that tracks large crypto transactions. The transfer of such a significant amount of USDT raises questions about the motivations behind the transfer. While it is difficult to determine the…

According to the news on March 14, Binance suspended the sterling deposit and withdrawal service of new users on March 13, and suspended the sterling deposit and withdrawal service of all users on May 22. The Binance spokesman said in an email that he had received a notice from the Binance French currency partner Paysafe that from May 22, 2023, they would no longer be able to provide sterling deposit and withdrawal services. Interpretation of this information: The recent news about Binance suspending the sterling deposit and withdrawal service of…

On March 13, according to Lookonchain data, the address marked as Justin Sun cast 400 million USDTs in the past two hours, and transferred 250 million USDTs to Binance in total Interpretation of this information: On March 13, Lookonchain, a data analytics platform reported that 400 million USDTs (Tether) were cast from the address named Justin Sun. Tether is a type of cryptocurrency that is pegged to the US dollar, with each USDT being equivalent to one US dollar. Justin Sun is a prominent figure in the cryptocurrency world and…

According to the official news on March 13, Binance will launch the USDC 1-30 times U-standard perpetual contract at 1:00 on March 13, 2023 Beijing time. Interpretation of this information: The announcement made by Binance on 13th March mentions the launch of a USDC 1-30 times U-standard perpetual contract that will go live at 1:00 pm on the said day. It indicates that Binance, one of the world’s most prominent cryptocurrency exchanges, is taking a significant step forward to expand its offerings in the crypto derivatives market. A perpetual contract…

On March 13, according to WhaleAlert monitoring, the remaining assets of the Binance Industry Recovery Fund, 985 million BUSDs, have all been transferred to the Binance trading platform. Interpretation of this information: On March 13, WhaleAlert monitoring reported that the remaining assets of the Binance Industry Recovery Fund had all been transferred to the Binance trading platform. The Binance Industry Recovery Fund was created by Binance, a leading cryptocurrency exchange platform, in July 2018 to protect users’ investments by offering insurance against hacking incidents. The fund was financed through a…

On March 13, CZ, the founder of Binance, said in a message on social media that, considering the changes in stable currency and bank, Binance will convert the remaining US $1 billion of industrial recovery plan funds from BUSD to native cryptocurrency, including BTC, BNB and ETH. Some capital flows will occur on the chain to ensure transparency. Interpretation of this information: The founder of Binance, CZ, has recently announced a significant move in the company’s industrial recovery plan funds. With changes in the stable currency and bank, the remaining…

It is reported that according to the monthly report of the trading platform released by Crypto Compare recently, Binance’s spot market share increased from 59.4% in January to 61.8% in February. Binance’s spot trading volume increased by 13.7% to US $540 billion, setting the highest market share in the trading platform’s history. Interpretation of this information: The recent monthly report by Crypto Compare showed some impressive numbers for Binance. It appears that the platform has once again stood out in the cryptocurrency market, as its spot market share has increased…

On March 12, according to Lookonchain monitoring, Binance has cast 657 million TUSDs on the Tron network in the past 24 hours. Interpretation of this information: The message states that Binance has transferred a total of 657 million TUSDs on the Tron network within the past 24 hours, as reported by Lookonchain monitoring on March 12. It is important to understand the significance of these actions and their implications within the crypto world. Binance is one of the world’s largest cryptocurrency exchanges, renowned for its platform and diverse range of…

According to reports, Binance, the cryptocurrency exchange, said that it had no risk exposure to SVB Bank and the funds were safe. Interpretation of this information: Binance, known as one of the world’s leading cryptocurrency exchanges, recently came out with a statement emphasizing that it has no risk exposure to SVB Bank and that the funds of its investors are safe. The statement was prompted by rumors floating around online that suggested Binance had significant fund deposits with SVB Bank, which could pose a substantial risk to the exchange and…

On March 11, according to the latest announcement, Binance announced that it would open BNB/TUSD, BTC/TUSD, ETH/TUSD, TUSD/USDT, USDC/USDT and USDP/USDT spot trading pairs at 22:00 Beijing time today. In addition, Binance has basically stopped the BUSD automatic exchange service of USDC, USDP and TUSD newly recharged by users, and users will no longer be able to withdraw USDC, USDP or TUSD from their BUSD balance. Any user who wants to convert his/her BUSD balance to USDC or USDP in a 1:1 ratio can manually operate it on the Binance…

On March 11, Binance said in a message on social media that due to the current market situation, the massive inflow of USDC assets increased the burden of automatic conversion, so Binance suspended the automatic conversion from USDC to BUSD, which is a routine risk management procedure step taken by Binance when monitoring the situation. Interpretation of this information: Binance, one of the largest cryptocurrency exchanges in the world, has suspended its automatic conversion from USD Coin (USDC) to Binance USD (BUSD) due to the current market situation. In a…

On March 11, according to the Binance platform, the USDC automatic conversion BUSD function has been temporarily closed. According to the asset certificate of Binance platform, the USDC capital output of Binance platform exceeds 3.5 billion dollars. Interpretation of this information: The message suggests that the Binance platform has temporarily closed the USDC automatic conversion to BUSD function. This means that users will not be able to automatically convert USDC tokens to BUSD tokens in their accounts. The reason for this closure is not provided by the platform, but it…

On March 10, according to PeckShield Alert monitoring data, Sun Yuchen transferred about 14 million TRX to Binance in BNB Chain within the past 48 hours. The relevant address marked “Justin Sun” on the chain has redeemed 828 million BTTs, and then removed 100.7 ETHs and about 130 million BTTs from Uniswap V2. The address also removed about 176 ETHs and 4 million TRX from Uniswap V2, and redeemed about 90 million TRX in the past 9 hours. Interpretation of this information: According to PeckShield Alert monitoring data, Justin Sun…

It is reported that 999 BTCs were transferred from Binance to unknown wallet at 07:39 today, with a value of 20355933 dollars. Interpretation of this information: The message reports the transfer of 999 Bitcoin (BTC) from Binance, one of the world’s leading cryptocurrency exchanges, to an unknown wallet at 07:39 today. The transaction had a value of 20355933 US dollars, based on the current exchange rate of Bitcoin. This news is significant in the cryptocurrency world as it could have an impact on the market price of BTC, which has…

It is reported that according to the monitoring data of Lookonchain, @ Stepnofficial officially unlocked 61.2 million GMTs (worth about 20.6 million US dollars) for VC, consultants and teams five hours ago. According to data monitoring, five addresses that received unlock tokens transferred GMT to Binance, totaling 9.67 million GMT (worth about 3.25 million US dollars). Interpretation of this information: The message reports that @Stepnofficial has unlocked a significant number of Global Media Tokens (GMT) for Venture Capitalists, consultants, and teams, worth approximately $20.6 million. Lookonchain has monitored this data,…

According to the official news, Binance will launch LQTY 1-20 times U-standard perpetual contract at 20:00 on March 10, 2023. Interpretation of this information: The announcement from Binance, one of the largest cryptocurrency exchanges in the world, reveals that they will be introducing LQTY 1-20 times U-standard perpetual contracts. This new development is set to launch on March 10, 2023 at exactly 8:00 pm. Perpetual contracts are innovative financial instruments that allow investors to trade their assets without the need for expiry dates. They work in a similar way to…

On March 8, according to Lookonchain data, Jump Trading transferred 70000 LDOs (worth about $180000) to Binance and KuCoin in the past two hours. It is reported that on May 10, 2021, the address purchased 5.59 million LDOs with 1207 ETHs (about US $4.76 million at that time) at a purchase price of US $0.85. At present, it still holds 2.99 million LDOs (about US $7.63 million). Interpretation of this information: Jump Trading, a Chicago-based trading firm, has transferred 70,000 LDOs to digital exchanges Binance and KuCoin, according to Lookonchain…