提币 · 773

BounceBit Chain suspended block repair due to a fault, and the chain upgrade was carried out on August 23

Comparing news, BanceBit posted an article on the X platform saying that the team discovered a problem affecting the BounceBit Chain, suspended node deployment and repair procedures, and BB transactions and exchange deposits and withdrawals are temporarily unavailable. Officials emphasized that the problem was limited to the chain itself. CeDeFi applications, smart contracts, and vaults were not affected, and no private keys were leaked or users' wallets were damaged. The chain upgrade is scheduled for August 23 at 17:00 UTC+8.

2d ago

Mysterious address cluster withdraws $51.4 million worth of monster coins BTW in the early morning

In comparison, according to monitoring by on-chain analyst Ai Ai (@ai_9684xtpa), five addresses proposed $51.4 million BTW from Bitget in the past 9 hours, and the price of the coin soared to a maximum of 770% in August. It should be pointed out that the withdrawal time was 01:36 to 03:07 this morning. BTW was falling sharply during this period ($0.6727 rapidly fell to $0.3130 at 23:40, a decrease of 53.4%). Currently, 150 million tokens have not been transferred or sold.

2d ago

Bank Leumi plans to launch Bitcoin, Ether, and Solana trading services in early 2027

According to news, Bank Leumi, Israel's largest and oldest commercial bank, announced a partnership with cryptocurrency company Galaxy Digital to launch Bitcoin, Ethereum, and Solana trading services in the Leumi Trade investment app and mobile bank PEPPER in early 2027, which is still awaiting approval from the Bank of Israel. Customers can buy, hold, and sell relevant crypto assets through bank accounts without opening an account on an independent exchange or using a personal wallet. Galaxy Digital will provide an institutional trading platform and escrow infrastructure. Bank Leumi plans to operate in a white label model, and customers will not hold private keys. Bank Leumi announced a partnership with Paxos to provide crypto trading services in 2022, but did not receive regulatory approval. The fees, transaction limits, asset list, and external wallet withdrawal rules for this service have not been announced, and managed crypto assets do not enjoy the same deposit insurance protection as shekel deposits. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

7d agoburnking

Charles Schwab launches Bitcoin and Ethereum spot trading for retail clients, with assets of $13.1 trillion

Comparatively, US financial services company Charles Schwab began opening Bitcoin and Ethereum spot transactions in batches to retail customers on May 13, 2026, with a single transaction rate of 75 basis points. The company disclosed $13.1 trillion in client assets and 39.8 million brokerage accounts, with Paxos responsible for execution and sub-escrow. At the July results conference call, Charles Schwab said that the relevant business progress was in line with the plan, launched a pilot crypto asset transfer project, and has also taken a stake in Paxos. Initially, only Bitcoin and Ethereum are supported, deposits and withdrawals are not supported, and SIPC guarantees are not provided, with the exception of New York State and Louisiana. Charles Schwab clients already hold around $25 billion in crypto ETPs. Morgan Stanley's E*Trade launched Bitcoin, Ethereum, and Solana transactions through ZeroHash on July 16 at a rate of 50 basis points; the Fidelity rate is 1%, and the implied rate for Coinbase consumer transactions is about 1.75%.

9d ago

BitMart founder: Will not run away, is carrying out asset inventory and orderly liquidation

Comparing the news, BitMart founder Sheldon posted an article on the X platform in response to questions such as a large number of users not being able to withdraw coins after the shutdown, saying, “1. We haven't run away, and we won't run away. 2. There are many rumors and so-called breakouts from former employees and current employees, screenshots, etc., please don't take rumors lightly. 3. The core team is still working on asset inventory, asset collection and system maintenance. Orderly removal is our goal. Please wait for announcements and notifications. 4. We have not misappropriated assets, rushed out, or evacuated ahead of time. We have considered the intervention of the courts and third party auditors to provide transparent reports.” This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

14d agoburnking

Binance claims $473 million, will RedotPay's IPO path be blocked?

Author: Asher_ 0210 Original title: Claimed by Binance for $473 million, can U-card leader RedotPay successfully go public? RedotPay, the leader of crypto payment cards (U cards), has been sued in court by its former partner Binance. Last night, according to Bloomberg, various Binance related entities sued the three RedotPay co-founders Gao Zhangpeng, Chan Wa Choi, and Yao Chao, alleging that the three violated the agreement, directed more than 470,000 Binance Card users to RedotPay, and claimed $472.8 million. Binance said that since the two parties cooperated, RedotPay has received about US$304 million in user funds through Binance Pay, but the relevant funds were not isolated as agreed, and some of the funds were eventually used to recharge the RedotPay Card. RedotPay later responded that the lawsuit will not affect the company's current or future day-to-day operations, and will actively defend all charges. Since the case has already entered judicial proceedings, the company will not comment further on the specific dispute. In order to give readers who are not familiar with the U card sector a general idea of who is being sued by Binance, RedotPay currently occupies half of the crypto payment card market and is impacting the $4 billion valuation. Taking the lead in crypto U-cards, RedotPay is already preparing to go public in the US. RedotPay was founded in April 2023 and mainly provides stablecoin payment cards, multi-currency wallets, fiat currency exchange, and global transfer services. After users deposit stablecoins such as USDT and USDC into RedotPay, they can complete online subscriptions, offline purchases, and cross-border payments through virtual or physical cards. At present, the company has more than 8 million users, annual payments of 14 billion US dollars, and annualized revenue of about 180 million US dollars. Since 2024, RedotPay has been at the top of the crypto U-card market. According to Paymentscan data, in July of this year, the total transaction volume of the crypto U-card circuit was about US$749 million, with RedotPay trading volume reaching US$395 million, accounting for 52.8%, leading the fault; Ether.fi trading volume of US$100 million, accounting for 13.4%, ranking second; and KAST trading volume of US$89.6 million, accounting for 11.9%, ranking third. Last year, RedotPay closed three rounds of financing, totaling $194 million: In March, RedotPay closed a $40 million Series A round led by Lightspeed. At the time, the company had more than 3 million users; in September, RedotPay completed strategic financing of 47 million dollars, led by Coinbase Ventures, the valuation exceeded 1 billion US dollars and the number of users increased to more than 5 million; in December, RedotPay completed Series B financing of 107 million US dollars, led by Goodwater Capital, Pantera Capital, Blockchain Capital, Institutions such as Circle Ventures and HSG participated. After becoming a crypto U-card unicorn, RedotPay began preparations to go public in the US. The company plans to conduct an IPO in New York as early as this year. The potential funding scale is over 1 billion US dollars, the target valuation is over 4 billion US dollars, and it is also currently negotiating a new round of financing of up to 150 million US dollars. RedotPay's early growth comes from Binance Pay In November 2023, RedotPay partnered with Binance to access Binance Pay. Users can directly deposit funds from their Binance account to their RedotPay Card through a mini program within the Binance app (officially announced publicly on December 15). Binance Pay is a crypto payment tool launched by Binance. Users can directly use the assets in their Binance account to complete transfers and payments; Binance Card is an encrypted U card introduced by Binance for everyday consumption scenarios, and RedoTP...

16d agoburnking#PayFi #Binance

A newly created wallet withdrew 468.30 BTC, or about $29.88 million, from BitMEX

According to Onchain Lens monitoring, a newly created wallet extracted 468.30 BTC worth about $29.88 million from BitMEX. This is the first time that a single withdrawal of more than $10 million has occurred since the trading platform announced the cessation of operations. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

22d agoburnking

Analysis: Bitcoin trading platform inflows are close to a multi-year low, and the current decline has not been confirmed by selling pressure

Comparing news, CryptoQuant analyst Axel Adler wrote that Bitcoin is currently trading around $64,000, and the price continues to weaken, but on-chain data shows that the trading platform's capital flow remains neutral, and there are no obvious signs of selling pressure. The inflow volume of Bitcoin trading platforms in the past 30 days was about 60,000, about 24% lower than the average of the past year, and close to a historical low, indicating that the supply of potential sales entering the trading platform has not increased. At the same time, the trading platform's net traffic (Netflow) is about -1,300 bitcoins, which is close to the zero axis, indicating that inflows and outflows are basically balanced. The trading platform has neither significant chip accumulation nor liquidity contraction due to large-scale withdrawals. Axel Adler said that if the inflow volume of the trading platform continues to rise and Netflow continues to be positive, it will mean that the selling pressure will increase; conversely, if Netflow continues to be negative and the Bitcoin balance of the trading platform drops significantly, it is expected that liquidity contraction will occur, which will support the price. Currently, neither scenario has occurred. The trading platform's capital flow data neither confirmed stronger selling pressure, nor did it create a tight supply situation sufficient to drive prices up.

24d ago

No thunderstorms, no hackers, why are more projects falling in 2026?

Author: Claude, Shenchao TechFlow Original title: 100 Crypto Projects Died in 2026: There was no explosion this time, only starving. On July 17, BitMart released an enthusiastic report for the first half of the year: the scale of asset management increased by about 256%, newly launched predictive market products, and just obtained an Australian financial services license in June. The report also acknowledged that the background board was not very good. Bitcoin fell 30% in half a year, Ethereum fell to a standstill, and spot ETF had a record net outflow. Nine days later, at 01:30 UTC on July 26, the same company announced an orderly shutdown. New user registration was stopped, deposits were closed, contract accounts were switched to a position reduction mode, trading was completely stopped on August 26, and completely closed on January 31, 2027. The BMX platform coin fell by nearly 60% on the same day. What's even more absurd is former Global CEO Nenter Chow's statement on X: He was notified of his dismissal on July 24, and has not participated in any management decisions since then. He has seen the news of the shutdown, just like everyone else. Three days ago, BitMEX just announced the closing of the exchange at 04:00 UTC on September 23, ending 11 years. Moving forward, AscendEX was shut down on July 1, and EXMO was liquidated because it was included in the UK's sanctions list against Russia. Within a month, four well-known centralized exchanges withdrew. RootData's 2026 list of dead projects in the crypto industry has reached number 100 and is still being updated. The number isn't 100 big is scary to put in the title; it's not that scary when you put it in a historical coordinate system. According to RootData's own statistics, 67 in 2021, 250 in 2022, 230 in 2023, 171 in 2024. After seven months in 2026, there are fewer than 100, and the full year is unlikely to catch up with 2022 and 2023. So 2026 can't be called the coldest summer in the crypto industry, in a really cold place, in the texture of a death list. Go through the names on the list: Wallets include Family, Ctrl, Leap, BitMart, BitMEX, and AscendEX; infrastructure and DeFi include Zapper, Stream Finance, Parsec, Loopring, Goldfinch. BitMEX has lived for 11 years, BitMart has been alive for 9 years, and Loopring is the first batch of zkRollups on Ethereum. These aren't air projects that were issued in 2024 and ran off the road in 2025; they have brands, users, real income, and veterans who survived the previous bear market. Lever and Ponzi died in 2022, and the longer the death list, the cleaner the industry. What died in 2026 is the business model. The shorter the list, the more it means that the blade has been cut into meat. The law changed from explosions to starvation. The common features of the 2022 deaths were violence: Luna returned to zero for three days, 3AC security deposit recovery was in default, FTX misappropriated customer assets were squandered, and Celsius froze withdrawals. The death occurred instantaneously, and the user's assets were directly evaporated, and the judicial process has not been completed until today. The common characteristic of the 2026 batch is decency. BitMEX gave users a full two-month liquidation period, and the withdrawal window was opened until 2027; BitMart gave users one month to close their positions and withdraw for six months, repeatedly reminding users to complete authentication before applying; Storj followed Chapter 11 restructuring rather than liquidation; the network was running as usual, and customer service was not interrupted. The wording of the announcement is almost exactly the same: after careful evaluation of the business situation, market environment, and future strategic direction, it was decided to exit in an orderly manner. Translate adult sayings, this is a business that is not profitable anymore. There were no hackers, no hacking, no law enforcement raids, it was just that the accounts couldn't be calculated. Starvation and explosion are two completely different market signals. An explosion means that systemic risk is spreading, and the collapse of a family will be destroyed; starving to death means that individual businesses fail, and the risk is isolated in one's balance sheet. The distribution of the lumbar collapse death list is not random; it accurately hits the industry's waist. Moonrock Capital's Simon Dedic put the problem with mid-sized exchanges straight: the fatal flaw in this model is that it must...

26d agoburnking#ETF #Ethereum #Shut down the tide topic #Bitcoin #Predicting the market

BitMart announced the orderly cessation of operations and the closure of all trading services from August 26

Comparative news, according to an official announcement, BitMart announced that after evaluating the operating conditions, market environment and future strategic direction, the platform decided to stop the trading business in an orderly manner. Starting at 01:30 (UTC) on July 26, BitMart will gradually stop new user registrations and cryptocurrency and fiat currency deposits. Contract accounts will enter a depreciation-only mode, spot will stop accepting new orders, and automated services such as tracking, grid, and API transactions will gradually be shut down. Starting at 01:00 (UTC) on August 26, BitMart will stop all spot, contract, and other trading services. Contract positions that have not been closed at that time may be handled according to the mark price, index price, or applicable settlement rules. Products such as financial management, collateral, lending, and Launchpad will be phased out, and specific redemption and settlement arrangements will be announced separately. The platform plans to officially stop operating the trading platform on January 31, 2027 at 15:59 (UTC). After the suspension of service, users can still log in to their account, view history, and submit withdrawal requests within the specified period. BitMart advises users to complete identity verification and close all positions by 01:00 on August 26, and submit a withdrawal request by 05:00 on the same day. Withdrawal services are still available, but some applications may be subject to manual review due to KYC, device and account security, funding sources, withdrawal addresses, travel rules, sanctions screening, etc. BitMart reminds users to download and save account balances, deposits, withdrawals, and transaction records in advance, and is wary of scams impersonating platform personnel to charge expedited fees or request passwords, verification codes, private keys, and mnemonic words.

27d ago#Shut down the tide topic