Binance Will Stop Spot Grid Trading Services for Some Spot Trading Pairs on August 31
According to an official announcement, Binance will stop providing spot grid trading services for certain spot trading pairs, including API3/BTC, AXS/ETH, BAT/ETH, CHESS/BTC, at 18:00 on August 31, 2023 (GMT+8).
Binance Will Update the BTC Zero-Fee Trading Plan on September 7
According to an official announcement from BlockBeats on August 24th, Binance will update its zero trading fee plan for BTC on September 7th, 2023 at 08:00 Beijing time. The Taker fees for BTC/TUSD spot and leverage trading pairs will be charged based on the corresponding VIP level fee rates of users. At the same time, users can still enjoy zero hanging order fees for BTC/TUSD spot and leverage trading pairs through the TUSD zero hanging order fee promotion.
Binance to Support Travala.com (AVA) Contract Swap and Rebrand as AVA (AVA)
On August 24th, according to an official announcement, Binance will support the contract exchange and brand restructuring of Travala.com (AVA) on the Ethereum (ERC20) network, which will be renamed as AVA (AVA).
Binance Adjusts the Minimum Order Amount for Spot Margin Trading Pairs
According to official sources, in order to make trading more convenient and improve the trading experience, Binance will adjust the minimum total order amount for spot and leverage trading during the following two time periods:
A Giant Whale Has Accumulated 42,800 ETH Since May 8
According to Lookonchain monitoring, a certain whale bought 2000 ETH (about 3.36 million US dollars) from Binance again 2 hours ago. Since May 8th, the whale has accumulated 42,800 ETH (about 72 million US dollars) from Binance.
Binance to Support Osmosis (OSMO) Network Upgrade
Binance announced that it will support the Osmosis (OSMO) network upgrade. The specific arrangement is as follows: Binance is expected to suspend the recharge and withdrawal of OSMO tokens at 23:00 on August 23, 2023, and support the network upgrade of Osmosis (OSMO) at the Osmosis block height of 11,126,100 (expected to be at 00:00 on August 24, 2023 in the Eastern Time Zone).
A giant whale borrowed 10 million USDT from AAVE using WstETH as collateral and deposited it into Binance
After the market fell on August 18th, a whale named smartestmoney.eth withdrew 14,776 ETH ($25.44 million) from Binance and exchanged it for WstETH on Lido. Today, it borrowed 10 million USDT from AAVE using WstETH as collateral and deposited it into Binance.
Binance will remove trading pairs such as ALCX/BUSD on August 25, 2023
Binance will remove the following spot trading pairs and cease trading on August 25, 2023 at 11:00 (UTC+8): Spot trading pairs: ALCX/BUSD, FOR/BUSD, LOOM/BUSD, NMR/BUSD, PEOPLE/BUSD, PUNDIX/BUSD, SPELL/BUSD, STORJ/BUSD. Users can still trade the above-mentioned currencies in other available trading pairs on the Binance platform. Binance will terminate trading robot services for the above spot trading pairs, where applicable, on August 25, 2023 at 11:00 (UTC+8). It is strongly recommended that users update and/or cancel their trading robots before the above trading robot services are discontinued to avoid any potential losses.
Arca transferred 1.9 million IMX and 193,000 LDO to Binance
According to on-chain analyst Yu Jin, investment firm Arca transferred 1.9 million IMX (approximately $1.08 million) and 193,000 LDO (approximately $310,000) to Binance 8 hours ago. On March 10th, Arca withdrew 3.4 million IMX from Binance at a price of $0.936 and transferred 1.5 million IMX to Binance when IMX rose to $1.44 on March 20th, expecting a profit of $750,000. In addition, 1.9 million IMX was transferred to Binance 8 hours ago, expecting a loss of $700,000. The overall profit from all transactions is expected to be $50,000.
2 Newly Created Addresses Withdrew 2273 BTC From Binance in the Past 24 Hours
Lookonchain monitoring shows that in the past 24 hours, two newly created addresses have withdrawn 2,273 BTC (worth 59 million USD) from Binance.
An Address Exchanged About 14,200 ETH Into stETH and Deposited It Into Aave, and Lent 10 Million USDT
According to on-chain analyst Yu Jin's monitoring, the smartestmoney.eth address exchanged the ETH purchased since August 17th for stETH 10 hours ago, and then deposited these stETH into Aave to borrow 10 million USDT and transfer it to Binance.
CMS Holding Purchased 518,778 DYDX From Binance 3 Hours Ago
According to Spot On Chain monitoring, CMS Holding accumulated 518,778 DYDX tokens on Binance 3 hours ago at a price of $1.936 per token ($1 million total). It is worth noting that this venture capital firm also received 1.78 million DYDX tokens on dYdX. In total, they made around $1.14 million by trading DYDX on Binance, FTX, and Bitget. Currently, the address still holds 3.05 million DYDX tokens ($5.98 million).
Added CYBER Assets and New SEI Trading Pairs for Binance Warehouse and Isolated Margin Leverage
According to the official announcement, Binance Safe and Isolated Margin have added CYBER as a borrowable asset, and more new SEI trading pairs have been opened for Cross Margin and Isolated Margin:
New Cross Margin trading pairs: CYBER/USDT, SEI/BTC
New Isolated Margin trading pairs: CYBER/USDT, SEI/BTC
WSJ: Binance Faces Legal Risk of Violating U.S. Sanctions Rules Against Russia
According to the Wall Street Journal, Binance is helping Russians transfer funds overseas, which could exacerbate its massive legal problems in the United States. External data shows that Binance is still processing a large amount of ruble trading volume.
An Address Has Accumulatively Withdrawn 14,275 ETH From Binance Since August 17, or About $24.45 Million
According to on-chain analyst Yu Jin's monitoring, smartestmoney.eth address withdrew 5,741 ETH (worth $9.55 million) from Binance 2 hours ago.It is reported that since August 17th, this address has withdrawn a total of 14,275 ETH (approximately $24.45 million) from Binance, with a possible buy-in average price of $1,713.
Binance Will Add CYBER/TUSD, SEI/TUSD and Other Spot Trading Pairs
According to an official announcement from BlockBeats on August 22nd, Binance will add CYBER/TUSD, LPT/TRY, SEI/TUSD, and UNI/TRY spot trading pairs at 16:00 Beijing time on August 23rd.
A Giant Whale Withdrew 5,741 ETH From Binance 1 Hour Ago, About $9.55 Million
According to on-chain data analyst Yu Jin, on August 22, the whale address smartestmoney.eth withdrew 5741 ETH, about $9.55 million, from Binance one hour ago. Since August 17, it has withdrawn a total of 14,275 ETH (about $24.45 million) from Binance, with a possible average buy price of $1713.
An Address Deposited 12,500 AAVE Into Binance 16 Hours Ago, and the Estimated Loss Is About $1.3 Million
On August 22nd, according to Lookonchain monitoring, an early holder of AAVE sold their 12,500 AAVE purchased in 2020 and 2021 (currently worth about $697,000) at a loss.The address had withdrawn 12,612 AAVE from Binance in 2020 and 2021 (valued at $2 million at the time), with an average withdrawal price of $159. Then, 16 hours ago, it was deposited back into Binance, resulting in a loss of approximately $1.3 million.
Data: A Giant Whale Transferred 1,736 MKRs to Binance in the Early Morning, or About $1.89 Million
According to Spot On Chain monitoring, a certain whale 0x828 completed the MKR transaction by transferring 1736 MKR (worth $1.89 million) to Binance over 9 hours ago.
Binance's European banking partner confirms euro transactions still available via SEPA until September 25
Binance's European banking partner, Paysafe, has confirmed that euro transactions via the Single Euro Payments Area (SEPA) are still available for Binance customers until September 25, despite an erroneous tweet from Binance's customer support account stating otherwise. Binance is currently facing increased regulatory scrutiny in various regions, including lawsuits from the Commodity Futures Trading Commission and the Securities and Exchange Commission in the United States.
