Daily Legal News | Interest rates for USDT savings accounts on multiple CEX platforms soar; IntoTheBlock: 95% of Bitcoin addresses are currently in a profitable state.
Top News:
1. IntoTheBlock: 95% of Bitcoin addresses are currently in a profitable state;
2. The interest rates for USDT current financial management on multiple CEX platforms have skyrocketed, with Binance temporarily reporting 27.69%.
3. NFT project y00ts announced that it will enforce creator royalties through Magic Eden starting tomorrow;
4. Due to the upcoming launch of Upbit, PYTH has surged over 20% in the short term, while ALT has surged over 10% in the short term.
5. Meme token surges, WIF hits new all-time high.
Price Observation
Bitcoin ecological token prices rise across the board, STX up more than 22% in 24 hours
On February 27th, according to market data, Bitcoin ecological tokens saw a general rise in prices, including:
STX 24-hour increase is 22.21%, with a current price of 3.089 US dollars;
RIF has seen a 15.97% increase in the past 24 hours, with a current price of 0.237 USD.ALEX 24-hour increase reached 20.8%, with a current price of 0.422 USD.
On February 27th, according to OKX market data, PYTH rose more than 20% in the short term and ALT rose more than 10% due to the upcoming launch of Upbit.
PYTH surged to $0.83, up more than 40% in 24 hours
On February 27th, according to OKX market data, PYTH rose to 0.83 USD and is currently priced at 0.779 USD, with a 24-hour increase of over 40%.
Bitcoin falls below $56,000, with a 24-hour increase narrowing to 8.56%.
On February 27th, according to OKX market data, Bitcoin fell below $56,000 and is now trading at $55,784, with a 24-hour decrease of 8.56%.
THETA surged above $2.2, up more than 59% in 24 hours.
On February 27th, according to OKX market information, THETA rose and broke through $2.2, currently priced at $2.2003, with a 24-hour increase of over 59%. Prior to this news, Theta Network plans to launch the first phase of EdgeCloud on May 1st.
Meme token surges, WIF hits new all-time high
On February 27th, according to market data, Meme tokens experienced a general uptrend, including:
WIF 24-hour increase by 62.0%, currently priced at 0.5643 USD;
PEPE's 24-hour increase reached 55.5%, with a current price of 0.0(5)214 USD;
WEN 24-hour increase reached 32.6%, with a current price of 0.0(4)9344 USD;
FLOKI's 24-hour increase reached 24.1%, with a current price of 0.0(4)4565 USD;
COQ 24-hour increase reached 19.4%, with a current price of 0.0(5)175 USD.
Transaction Tracking
A newly created wallet withdrew 23,361 ETH from Binance, equivalent to approximately $75.6 million.
On February 27th, according to Lookonchain monitoring, a newly created wallet just withdrew 23,361 ETH (approximately $75.6 million) from Binance.
· $PeACE
On February 27th, the Bitcoin Layer 2 network Merlin Chain announced a strategic partnership with the blockchain network TRON. TRON has industry-leading user activity and a total market value of stablecoins on the chain exceeding 50 billion US dollars, ranking second among global public chains. As a leading Layer 2 with a TVL exceeding 2 billion US dollars, Merlin Chain's strong collaboration with TRON will promote more stablecoins to enter the Merlin ecosystem, injecting liquidity and financial vitality into Bitcoin.
CeFi Information
On February 27th, Upbit announced that the following new digital assets will be added:
ALT: BTC market, expected to open trading at 16:00 KST on February 27th.
PYTH: Korean won, BTC market, expected to open trading at 18:00 KST on February 27th.
On February 27th, the USDT current financial management interest rates of multiple CEX platforms soared before the market rose. Among them, Binance's annualized interest rate is currently reported at 27.69%, Bybit's annualized interest rate is currently reported at 21.43%, and OKX's annualized interest rate once soared to 60%, but has now fallen to 13.06%.
Circle partners with Coincheck to expand USDC access in Japanese market
On February 27th, Circle announced a partnership with Japanese cryptocurrency exchange Coincheck to expand the adoption of USDC in the Japanese market.
Bithumb will list PYTH/KRW trading pair
On February 27th, according to an official announcement, the South Korean exchange platform Bithumb will launch the PYTH/KRW trading pair at 6:00 PM local time on the 27th.
According to DappRadar data, QnA3.AI's user activity (UAW) currently ranks first in the BNB Dapp list and seventh in the overall Dapp list. As an AI+CRYPTO Q&A platform, GPT fills the gap in AI targets. With the project listed on OKX, it is expected to become another high-potential project in the AI sector. For more information about the project, please refer to the article on the site: "Detailed Explanation of QnA3, the AI+Web3 Project Incubated by Binance Labs in the Sixth Season".
Upbit: Asset deposits and withdrawals will be suspended due to Klaytn network hard fork
On February 27th, according to an official announcement, Upbit will temporarily suspend support for the deposit and withdrawal of digital assets on the Klaytn network due to a hard fork. The scheduled time for the Klaytn network hard fork is 9:00 AM on March 4th, 2024 (block height: 147,534,000) in Beijing time.
Binance will add UNI/USDC, CKB/TRY and other spot trading pairs and trading robot services
On February 27th, according to an official announcement, Binance will launch the CKB/TRY, COTI/TRY, LDO/TRY, and UNI/USDC spot trading pairs on February 28th, 2024 at 16:00 (GMT+8). Additionally, Binance will offer trading bot services for the following trading pairs starting at the same time and date:
· Spot Grid, Spot DCA (Dollar Cost Averaging), Intelligent Positioning: PIXEL/USDT, STRK/USDT
· Spot algorithmic orders: CKB/TRY, COTI/TRY, LDO/TRY, UNI/USDC
Bitget will launch Sora (SORA) at 19:00 today.
On February 27th, Bitget will launch Sora (SORA) on the Innovation Zone and Meme Zone. The deposit channel is now open and the trading channel will be open at 19:00 today. At the same time, a 10% cashback promotion for deposits will be launched, with a total prize pool of 170,000 SORA. The promotion will run from February 27th, 19:00 to March 5th, 19:00 (UTC+8).
OKX officially launches cryptocurrency trading platform OKX TR in Turkey
On February 27th, according to official sources, OKX officially launched its cryptocurrency trading platform, OKX TR, in Turkey. The platform aims to provide Turkish users with a trustworthy, compliant, and transparent cryptocurrency trading and decentralized financial platform. With the launch of OKX TR, Turkish users can use enhanced localization features, including deposit and withdrawal of Turkish lira at banks such as Fibabanka, VakıfBank, Ziraat Bankası, İş Bankası, Şekerbank, and Türkiye Finans, as well as 24/7 Turkish and English local customer support provided by OKX TR, ensuring timely assistance and comprehensive guidance when needed. Currently, Turkish users can trade mainstream cryptocurrency pairs such as USTD/TRY, BTC/TRY, and ETH/TRY on OKX TR and enjoy the most advanced cryptocurrency features. In addition, they can also use OKX Web3 wallet products through the OKX global platform.OKX CEO Hong stated: "The official launch of OKX TR is an important milestone in our global expansion strategy. Turkey's adoption rate of cryptocurrencies is close to 50%, representing a very active and promising market. The widespread awareness and high participation of Turkish users in cryptocurrency assets provide an ideal environment for OKX to enter this market. We are committed to helping sustain the vibrant ecosystem.".
Bitget will launch Ice Network (ICE).
On February 27th, Bitget will launch Ice Network (ICE) on the Innovation Zone and Web3 Zone. The deposit channel is now open and the trading channel will open at 19:00 tomorrow. At the same time, a deposit rebate activity will be launched with a total prize pool of 1.7 million ICE. The activity will run from February 28th 19:00 to March 6th 19:00 (UTC+8).
Ice represents the next generation of digital currency and can be mined on any mobile device. The core of the Ice Network is to develop a trusted community that believes digital currency can maintain its value through rich use cases.
Binance will list CKB/TRY spot trading pair, supporting Turkish lira purchase of CKB
Relevant information shows that the name of the virtual asset trading platform operator company submitted by Huobi HK is "HBGL Hong Kong Limited", and the application was submitted on February 20, 2024. The application was withdrawn on February 23. According to the information disclosed by the Hong Kong Securities and Futures Commission, reasons for license applications being returned, rejected, or withdrawn include but are not limited to: incomplete applications and/or significant issues that have not been resolved by the Securities and Futures Commission; and license applications being rejected or withdrawn.
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