Binance ‘copy trade’ transaction volume exceeded $2 billion in the first three months. Chainlink integrates Circle’s cross-chain transfer protocol with its CCIP system. Solana Mobile is planning to launch the successor to the Saga crypto smartphone. Grayscale transferred 9,000 BTC to crypto exchange Coinbase. And more!
There is news from Binance, LINK, SOL and these 5 coins…
Chainlink integrates with Circle’s CCTP protocol
Decentralized oracle project Chainlink (LINK) is integrating Circle’s cross-chain transfer protocol (CCTP) with its CCIP system. Thus, it aims to move the USDC stablecoin securely between blockchains. Chainlink said that leveraging both technologies will open new stablecoin use cases related to payments and DeFi. Sergey Nazarov, co-founder of Chainlink, made the following statement on the subject:
We are excited to support the adoption of stablecoins across a variety of cross-blockchain use cases. I’m pleased to see that CCIP’s multi-layer decentralized defense-in-depth security infrastructure is highly regarded by USDC developers.
Solana Mobile to launch cheaper Saga successor
According to the latest news, Solana Mobile is planning to launch the successor of the Saga crypto smartphone. Thus, it will benefit from the increase in demand for the device since late last year. The news outlet said the new phone will include the same features as the Saga, including a built-in crypto wallet, dapp store and custom Android software. However, he stated that he would use different hardware and offer the device at a cheaper price.
cryptokoin.comAs you follow from , the Saga phone was released at a price of $1,000. However, the device initially had difficulty attracting attention. Thereupon, the Solana team later reduced the price to $599. This changed abruptly in December when the price of Solana-based meme-coin Bonk (BONK) went parabolic. Since the device came with 30 million tokens, it provided an arbitrage opportunity. The company’s limited stock of 20,000 phones immediately sold out in the US and EU. Moreover, some orders were canceled following inventory issues.
ChainArgos accuses Polygon Foundation of incorrect token allocation
The Polygon Foundation, the organization behind Polygon, a leading Layer-2 scaling solution for Ethereum, has been accused of lacking transparency in token allocation by ChainArgos, a Blockchain data and analytics firm. According to ChainArgos, it was supposed to receive a fixed amount of tokens from the Foundation every month. However, the Staking Contract did not receive the full amount as planned.
Specifically, instead of having an initial balance of 400 million tokens and increasing to 1.2 billion tokens over time, the actual balance was between 0 and 800 million tokens. ChainArgos claims that the missing 400 million tokens were transferred from the Foundation’s wallet to the Binance exchange (specifically, the Binance 33 address).
Solana meme coin Dogwihat is listed on BitMex
BitMex announced that it has added Solana-based meme coin Dogwihat (WIF) to its list. The exchange announced a permanent contract for WIF that will come with up to 10x leverage option.
Ripple blasts SEC, CEO highlights Agency’s failures
Ripple won a significant victory in the SEC case in July last year. After this, the Ripple war with the SEC became even more important for the market. Ripple CEO Brad Garlinghouse criticized US Securities and Exchange Commission (SEC) Chairman Gary Gensler on Tuesday, CNBC reported. Garlinghouse accused Gensler of “behaving politically.” Drawing attention to the SEC’s losing streak, Ripple CEO said:
I think Gary Gensler does the same thing over and over again and somehow thinks he’s going to win in court. He continues to lose in court. One definition of insanity is doing the same thing over and over again and expecting a different result.
Binance “Copy Trade” trading volume exceeds $2 billion weekly
Binance launched ‘copy trade’ on its platform in October 2023. Since then, the platform’s average weekly trading volume in the first three months has risen to over $2 billion. Last month, Binance introduced a new set of user-centric features that improve user experience, encourage learning, and enable smarter decision-making, such as copy trading, simulated copy trading, private chat rooms, and Sharpe Ratio indicators. Binance Chief Technology Officer Rohit Wad shared:
Our vision through our copy trading platform is to create an industry-leading social trading product that makes trading not just a transaction, but an opportunity for mutual learning and growth. The positive support and feedback we have received from the community so far proves Binance’s commitment to creating truly valuable products for users. We are pleased to see that the product is off to a good start and look forward to witnessing its continued growth in 2024. At the same time, we will continue to innovate and provide the best products and services to our users.
Grayscale’s holding address transferred 9,000 BTC to Coinbase.
According to on-chain data, Grayscale’s holding address transferred 9,000 BTC to Coinbase. This corresponds to $380 million based on Bitcoin’s current value.
Cantor CEO confirmed Tether (USDT) assets!
Howard Lutnick, CEO of Cantor Fitzgerald, one of the giants of the Wall Street bond trading industry, made comments about Tether during an interview with Bloomberg. “I manage most of Tether’s assets,” Lutnick said. Also, we did a lot of work. Tether owns the funds it claims to own […] So, we found that they actually had these funds.” said. In response, FOX reporter Eleanor Terrett criticized this statement. “This is the most commercial-sounding statement I have ever seen in a TV interview,” Terrett said.
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