Selected News:

1. The Ethereum Foundation clarified that the 15 million USDC transaction involving Vitalik was not transferred to Gemini;

2. Bitmain fired three employees who leaked information about "wage arrears".

3. Uniswap will charge a fixed fee of 0.15% for 11 types of tokens traded through the official front-end.

4. Binance US updates its terms: User cryptocurrency deposits no longer enjoy FDIC insurance;

5. Mysten Labs CEO: The cryptocurrency market will once again attract capital inflows, but capital deployment will be more strategic and cautious.

Project Updates

Binance US updates terms: User cryptocurrency deposits no longer covered by FDIC insurance

BlockBeats News, October 17th. According to Decrypt, Binance US has notified users that their cryptocurrency deposits no longer enjoy FDIC insurance. According to the updated terms of service, users must first convert their US dollars into stablecoins or other cryptocurrencies before withdrawing funds. This move follows the FDIC's warning that funds held in "cryptocurrency-based financial service providers" are not insured or protected by the FDIC.

The Ethereum Foundation clarifies that the $15 million USDC transaction involving Vitalik was not transferred to Gemini.

According to Cointelegraph, a recent transaction involving Ethereum co-founder Vitalik Buterin and a value of $15 million USDC has caught the attention of blockchain tracking platforms. Although blockchain analysis company PeckShield pointed out on its platform that Vitalik's "vitalik.eth" wallet transferred $14.93 million to the Gemini cryptocurrency exchange on October 16th, a spokesperson for the Ethereum Foundation clarified to Cointelegraph that this was only a signature operation using his Ethereum Name Service (ENS) from a charity multisig wallet associated with him, and did not actually transfer out of Buterin's wallet.

1493 million USDC assets originally came from Kanro, a biotechnology charity organization funded by Buterin, aimed at addressing Covid and other pandemic-related issues.

Platypus: Over 90% of stolen funds have been successfully recovered, and withdrawal arrangements will be announced based on progress

The stablecoin trading project Platypus Finance posted on social media that after successful negotiations, 90% of the funds stolen from the sAVAX pool have been successfully returned by the attacker, and the net loss has been reduced to about 18,000 AVAX. Further information on withdrawal arrangements will be released based on progress.

Celestia: TIA airdrop registration time will be extended by 18 hours

Modular blockchain Celestia announced that the registration time for TIA's genesis airdrop will be extended by 18 hours. Eligible users can register before 4:00 PM on October 18th Beijing time.

Bitmain fires three employees for leaking information about salary arrears

Bitmain has officially released an internal disciplinary notice, deciding to dismiss three employees who violated the rules by posting information about salary distribution on social networking platforms such as "Maimai", and they will never be rehired. At the same time, the company has informed the school where the interns involved in the incident are studying of the disciplinary action taken and reserves the right to pursue other legal responsibilities of all involved personnel.

Bitmain reiterated its "Regulations on Disclosure of Information to the Outside World" in the announcement, emphasizing that employees are not allowed to disclose any company information to the outside world without the company's authorization.

Coinbase suspends 80 non-dollar trading pairs on its platform to strengthen liquidity

Coinbase announced that in order to improve the overall health of the market and strengthen liquidity, it has temporarily suspended trading on 80 non-USD markets on Coinbase Exchange, Advanced Trade, and Coinbase Prime.

Fidelity Digital Assets becomes the first corporate client of EY's blockchain analyzer

According to The Block, Fidelity Digital Assets, a subsidiary of Fidelity Investments, has become the first enterprise client to utilize the on-chain analytics tool provided by EY's blockchain SaaS platform.

According to reports, "EY Blockchain Analyzer: Reconciler" is launched by EY, one of the four largest accounting firms in the world. It aims to help organizations independently obtain and query on-chain data to enhance their internal risk management programs. Currently, it supports BTC, BCH, LTC, ETH, ETC, and DOGE blockchains.

Financial Times: Israel orders freeze of cryptocurrency accounts to prevent Hamas' financial flow

According to the Financial Times, Israel has ordered the freezing of cryptocurrency accounts to prevent the flow of funds to Hamas. (Jinshi)

Binance futures will launch ORBS 20x U perpetual contract

According to official sources, the Binance futures trading platform will launch a USDⓈ-M ORBS perpetual contract with a maximum leverage of 20x on October 17, 2023 at 14:00 (Beijing time).

Huang Licheng has accumulated 4.73 million APE since August 2, with an average price of about $1.57.

According to Look on Chain data, "Brother Ma Ji" Huang Licheng has accumulated a total of 4.73 million APE tokens since August 2, with an average price of approximately $1.57. Among them, Huang Licheng spent 1,761 ETH and 52,000 USDC to purchase 2.24 million APE tokens on the chain, and also extracted 2.5 million APE tokens from Binance.

A whale withdrew 1.37 million APE coins from Binance, previously held at a loss of 74%.

According to Look on Chain data, a whale address withdrew 1.37 million APE (approximately $1.49 million) from the Binance platform 40 minutes ago. It is worth noting that this address had purchased 540,000 APE from Binance and DEX at an average price of $4.28 between January 24th and May 8th this year, worth $2.33 million at the time. Currently, this transaction has a floating loss of $1.74 million (-74%).

FTX liquidator controls address pledged 13.05 million MATIC, with an annualized yield of about 600,000 MATIC

According to Scopescan data monitoring, an address controlled by the FTX liquidator pledged 13.05 million MATIC (approximately $6.95 million) 11 hours ago, with an expected annualized yield of 599,000 MATIC (approximately $320,000).

5122 million BLUR monthly unlocks have been transferred to Coinbase Prime, worth approximately $8.56 million.

According to on-chain data analyst Yu Jin, the unlock of BLUR's January tranche has been transferred out for 4 hours. 51,220,870 BLUR (approximately $8.56 million) was transferred from the unlocking contract to the 0x0A0 multi-signature address, and then transferred to Coinbase Prime via the 0x0A0 multi-signature address.

Funding

Solana ecosystem multi-signature management tool developer Squads Labs completes $5.7 million strategic financing, led by Placeholder VC

According to The Block, Squads Labs, the main developer of Solana's multi-signature management tool Squads, has completed a $5.7 million strategic financing round. Placeholder VC led the round, with participation from Multicoin Capital, Solana Ventures, Jump Crypto, Solana Labs co-founder Anatoly Yakovenko, Jito Labs CEO Lucas Bruder, and Helius Labs CEO Mert Mumtaz. Squads Labs co-founder Stepan Simkin told The Block that this was a financing round with token subscription rights, but he declined to comment on the valuation.

Related reading: "Multicoin: Why invest in Squads Labs in the Solana ecosystem?"

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