Binance has officially confirmed a long-awaited extermination move today. On the other hand, Alchemy Pay is launching its crypto buying service from all major banks in Turkey.
Binance announced that it will destroy these altcoins
On June 30, Binance announced that it will burn a number of dormant Binance stablecoins. However, the equivalent amount of tokens used as collateral on their local network will be released later. According to the official announcement, “Binance will destroy some idle Binance-pegged Tokens today. Instead, it will release the same amount of Tokens used as collateral.” The stablecoins in question are:
- TRXOLD (BSC)
- PAX (BSC)
- DAI (BSC)
- USDP (BSC)
- PAXG (BSC)
- PAXG (BNB)
- BUSD (BSC)
- USDC (BSC)
Gemini launches leveraged Pepe (PEEP) transactions
Gemini announced that derivatives platform Gemini Foundation has listed perpetual contracts PEPE/GUSD with a maximum leverage of 100x. Currently, the exchange supports BTC/GUSD, ETH/GUSD, and PEPE/GUSD perpetual contracts. Additionally, Gemini Foundation will not offer leveraged PEPE transactions in US, UK and EU jurisdictions.
Alchemy Pay Now launches altcoin buying service from all major banks in Turkey
Alchemy Pay announced that Turkish users can easily purchase cryptocurrencies using bank transfers. The list includes Ziraat Bank, Türkiye Bankası, İş Bankası and other major banks. The company drew attention to the following figures regarding Turkey in the official announcement:
Turkey has emerged as a fast-growing online market in Europe, where wire transfers have become a popular option for local payments. The data announced by the Interbank Card Center (BKM) reveal a significant growth of 103 percent in card payments in the first half of 2022 compared to the same period of 2021, and the total amount of payments reaching 80 billion dollars. With 157.8 million active debit cards, Turkey offers a market with high potential. By expanding its presence in this emerging market, Alchemy Pay serves a wider user base and bridges the gap between traditional and crypto economies worldwide.
Giant whale, which has been dormant for 1.5 years, buys USDT and WBTC
In the latest development, a giant whale address starting with 0xfd7 became active again after 1.5 years. In the first transaction, Whale exchanged 6 million USDT for 193.6 WBTC at an average price of $30,988. Then he transferred all the WBTC balance to the new wallet. This address once bought 4.15 million WOO between August and December 2021. As a result, he made a profit of $989,000 (ROI of 32.8%) from this position.
Meanwhile, new dates have been revealed when legal defenses will emerge in the Coinbase-SEC lawsuit. cryptocoin.com As we reported, the SEC will present its first legal defense on July 13.
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