Daily Legal Pulse | Binance completely exits the Russian market and sells its business to CommEX; friend.tech protocol fees have exceeded 30 million US dollars.
Selected News:
1. Binance has completely withdrawn from the Russian market and sold its business to CommEX;
2. The founder of Curve has fully repaid all debts on Aave.
3. "Pudgy Toys" merchandise for the "Chubby Penguin" project has been launched in 2,000 Walmart stores in the United States.
4. The protocol fees of friend.tech have exceeded 30 million US dollars, and the protocol revenue has exceeded 15 million US dollars;
5. Binance has completed the integration of ETH on the Base network and has opened up deposit services.
Project Updates
Binance has completed the integration of ETH on the Base network and opened up deposit services.
According to the official announcement, Binance has now completed the integration of ETH on the Base network and has opened up deposit services.CZ: BNB holders will enjoy a 25% trading fee discount on the CommEX platform
Binance founder CZ stated in a post that every effort will be made to ensure a smooth transition for Russian users. All user funds are safe. In addition, BNB holders will enjoy a 25% trading fee discount on the CommEX platform.
Binance completely exits the Russian market and sells its business to CommEX.
According to an official announcement, Binance has announced the sale of all its Russian business to CommEX, with an agreement reached. In order to ensure a smooth transition for existing Russian users, the delisting process will take up to one year. All assets of existing Russian users are protected safely and reliably. Looking to the future, Binance recognizes that doing business in Russia is incompatible with Binance's compliance strategy. Binance remains confident in the long-term growth of the global Web3 industry and will focus its efforts on more than 100 other countries where it operates.
Related reading: "Binance sells Russian business as major trading platforms continue to withdraw from regional markets this year".
Mixin released an update on the theft incident: at the first time of the event, Mixin contacted Google and the blockchain security company SlowMist to assist in the investigation. After several days, Mixin has completed most of the asset inventory work, and the situation is much more optimistic than expected. The loss is not as severe as estimated. Once again, it is recommended to temporarily avoid trading and market-making operations on Mixin Network to avoid unnecessary losses. Regarding asset losses, besides expressing apologies, Mixin can only take responsibility through actions. At the same time, responsibility has always been Mixin's attitude. Specific repayment rules will also take some time.
Mixin: If the attacker can return the stolen assets, they can keep $20 million as a bug bounty.
According to PeckShield, Mixin left a message to the hacker on the chain, stating that the vast majority of assets on the Mixin platform belong to users and they hope that the attacker can return the stolen assets. If the attacker chooses to return the assets, they can leave 20 million US dollars as a bug bounty and contact Mixin through bug@mixin.one to learn more about the reward details.
Related reading: "Mixin, owned by Li Xiaolai, recalls being hacked for nearly $200 million".
American crypto KOL Ben Armstrong released on bail, charges unrelated to crypto
According to Cointelegraph, Ben Armstrong, the founder of Web3 YouTube channel BitBoy Crypto, was arrested and spent about 8 hours in detention while attempting to confront a former business partner, according to the Gwenette County Sheriff's Office. Currently, the US crypto KOL Ben Armstrong has been released on bail, but faces charges of "loitering/prowling" and "simple assault that causes others to fear".
Related reading: "US's largest crypto KOL arrested during live broadcast after falling out with former partner"
Binance will remove ALICE/BUSD, AVA/BUSD and other spot trading pairs and stop trading
According to official sources, Binance will remove some trading pairs. Binance will regularly review all listed spot trading pairs and may delist some spot trading pairs due to factors such as low liquidity and trading volume.
Arbitrum Odyssey has been relaunched.
Arbitrum announced on social media that its Odyssey event has been relaunched, with the first task launching on GMX. After completing the task, users will need to wait a few days to prove their eligibility for claiming the NFT badge.
Related reading: "$56 million airdrop unclaimed, can incentive measures reactivate the Arbitrum ecosystem?"
Curve founder has fully repaid all debts on Aave
According to DeBank data, Curve founder Michael Egorov repaid 356,000 USDT debt on Aave V2 2 hours ago and has now fully paid off all debts on Aave.Related reading: "Founder of Aave repays all debts, does Curve finally get out of danger?"
Related reading: "Fat Penguin Toys on the shelves of 2,000 Walmart stores, the "cryptographic Trojan horse" of NFT e-commerce maniacs enters reality".
Santiment: Bitcoin trading volume drops to lowest level since March 2019
The encryption analysis company Santiment has stated that Bitcoin trading volume (measured in US dollars) has dropped to its lowest level since March 2019.
Data
According to The Data Nerd, DWF Labs deposited 10.5 million BLZ (1.71 million USD) into Binance. The token was purchased through over-the-counter trading yesterday.
TRB short-term rise touched $53, hitting a new high for the year
According to market data, TRB saw a short-term surge reaching $53 and is currently priced at $48, with a 24-hour increase of 28.45%, hitting a new high for the year.A certain address deposited over 21,000 TRB into Coinbase, with an estimated profit of $610,000
According to Scopescan, an address starting with "0x9f55b" deposited 21,160 TRB (approximately $1.02 million) into Coinbase 50 minutes ago. The same address withdrew a total of 21,160 TRB (approximately $415,000) on September 7th and 8th. Selling now would generate a return of 2.45 times the initial investment, with a total profit of $610,000.Hashed deposited approximately 67,500 AXS into Binance at an average price of $4.56
According to The Data Nerd's monitoring, a Hashed on-chain address deposited 67,460 AXS (approximately $304,000) into Binance at an average price of $4.56 per token one hour ago. This address had previously received 416,600 AXS (approximately $2.83 million) five months ago.
A certain whale address transferred 10 million MATIC to Binance 12 hours ago
According to Spot on chain monitoring, a whale address starting with 0x11a deposited 10 million MATIC (5.17 million USD) into Binance 12 hours ago, with an average price of 0.517 USD. It is worth noting that the whale received 21 million MATIC (11 million USD) from Coinbase Custody: Internal Wallet between September 13th and 28th, and the latter received 125 million MATIC from Polygon (Matic): Foundation Contract in 2022. The whale currently holds 11 million MATIC (5.6 million USD).Optimism Foundation distributed 67.17 million OP to 21 addresses 5 hours ago.
According to Yu Jin's monitoring, the Optimism Foundation transferred 130 million OP tokens (167 million USD) to the 0x44a2 multi-signature address on September 15th. The 0x44a2 address distributed 67.17 million OP tokens (86.18 million USD) to 21 addresses 5 hours ago. This may be part of the OP token sale mentioned in the Optimism governance forum. Previously, the Optimism team stated that they had conducted a private token sale of approximately 116 million OP tokens, which were distributed among seven buyers for financial management purposes. These tokens have a lock-up period of two years.
friend.tech protocol fees have exceeded $30 million, and protocol revenue has exceeded $15 million
According to DefiLlama data, the protocol fees of friend.tech have exceeded $30 million, reaching $30.32 million. The protocol revenue has exceeded $15 million, reaching $15.16 million.
friend.tech "Keys" price ranking: encryption KOL Vombatus ranks first with 7.268 ETH
friend.tech "Keys" price ranking latest data shows: · Encryption KOL Vombatus ranks first with 7.268 ETH; · Platform founder Racer ranks second with 6.642 ETH; · Encryption KOL Levi ranks third with 5.112 ETH; · Encryption KOL CBB0FE ranks fourth with 4.796 ETH; · Encryption KOL Hsaka ranks fifth with 4.727 ETH.
Data: friend.tech trading volume has exceeded 200,000 ETH
According to data from Dune, the total trading volume of friend.tech has reached 201,472.6 ETH, with protocol revenue of 9,157.8 ETH. The number of transactions exceeds 7.9 million.
Related reading: "Friend.tech remains popular in the Chinese community, with VC partners showing strong interest."
Regulation
"Federal Reserve megaphone": Government shutdown means key interest rate hike will be delayed
"Fed megaphone" Nick Timiraos said that Fed officials are walking a tightrope, as they need to curb inflation while avoiding unnecessary economic slowdown. If the government shuts down for a long time, they may have to "walk the tightrope blindfolded." If the US Congress cannot pass a temporary financing measure before this Sunday, the closure of certain agencies may delay the release of the latest economic data on wages, employment, inflation, and output. Timiraos pointed out that a government shutdown lasting more than two weeks may prevent officials from obtaining key information on whether to raise interest rates at the November meeting.
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