Over the past week, the cryptocurrency market has seen many notable events. Let's take a look back at the hottest Crypto news of the past week with the Allinstation team!
Hottest Crypto News
Telegram CEO arrested, TON price plummets
Pavel Durov, founder and CEO of the popular messaging app Telegram, was arrested at Paris-Le Bourget airport, located on the outskirts of Paris, France.
Details: Telegram CEO arrested, TON price plummets (allinstation.com)
Ethereum Foundation Continues to Transfer ETH to Kraken Exchange
In the early morning of August 24, according to blockchain data, a wallet address identified as belonging to the Ethereum Foundation made a transaction to transfer 35,000 ETH, worth more than $34 million, to the Kraken exchange.
Details: Ethereum Foundation Continues to Transfer ETH to Kraken Exchange (allinstation.com)
OKX announced delisting of the following 6 coins
OKX cryptocurrency exchange has just announced that it will delist a series of coins and Spot Trading products, including FITFI, GARI, XPR, AKITA, TAMA, and WNCG. This decision will take effect from 15:00 to 15:30 (UTC) on August 30, 2024.
Details: OKX announces delisting of the following 6 coins (allinstation.com)
Sony Develops Ethereum Layer-2 Called Soneium, Using Optimism 's Technology
Sony, the Japanese electronics giant best known for developing the Betamax and Walkman in the 1970s, is now launching its own blockchain. The new project, called “Soneium,” will be a layer-2 network built on the Ethereum blockchain, using technology from Optimism ’s OP Stack.
Details: Sony develops Ethereum Layer-2 called Soneium, using Optimism technology (allinstation.com)
El Salvador Government Wallet Continues to Buy BTC Daily
The El Salvador government's Cold Storage address has been buying 1 BTC per day since March 16 and has been doing so without interruption. This has now lasted for over 5 months and has increased its holdings by 160 BTC .
Details: El Salvador Government Wallet Continuously Buys BTC Daily (allinstation.com)
Binance Labs Invests in 4 Projects in MVB Season 7
Binance Labs, the investment arm of the world's leading cryptocurrency exchange Binance, has just announced plans to invest in four promising projects in the seventh season of its MVB (Most Valuable Builder) program on BNB Chain. These projects include Aggregata, Opinion Labs, SideKick, and Vooi.
Details: Binance Labs Invests in 4 Projects in MVB Season 7 Program (allinstation.com)
Binance to hire 1,000 more people in 2024
On August 22, Binance (Binance Holdings Ltd.), one of the world's largest cryptocurrency exchanges, announced plans to hire 1,000 new employees in 2024. Notably, many of these positions will focus on compliance-related Vai , ensuring the exchange fully meets global regulatory requirements.
Details: Binance to hire 1,000 more employees in 2024 (allinstation.com)
Will Binance IPO? Here's What CEO Richard Teng Has to Say
In a recent interview, Binance CEO Richard Teng emphasized that Binance's financial situation is stable, and the company has no intention of raising Capital or conducting an IPO at the moment.
Details: Will Binance IPO? (allinstation.com)
Binance delists 9 Spot Trading pairs
Specifically, the delisted trading pairs include:
- 10:00 a.m. August 23, 2024 (VN time): ARKM/ TUSD, CHZ/EUR, ENA/EUR, FIRO/ BTC, IOTA/FDUSD, JOE/TRY, OMNI/ BNB, REZ/ BNB, SUPER/FDUSD
Details: Binance to delist 9 Spot Trading pairs (allinstation.com)
Binance and CZ continue to be sued by a class action
Binance – the world’s largest cryptocurrency exchange – and its former CEO Changpeng Zhao (CZ) are facing a class action lawsuit in Seattle federal court. The lawsuit alleges that Binance was involved in facilitating money laundering from stolen cryptocurrency assets, which is a serious violation of anti-money laundering (AML) regulations and US law.
Details: Binance and CZ continue to be hit with class action lawsuit (allinstation.com)
Binance Labs Announces Investment in Layer-2 Corn
Binance Labs, the Venture Capital and incubation arm of Binance, has just announced that it has invested in Corn. Corn is an Ethereum Layer 2 network, focused on building a decentralized finance (DeFi) hub for Bitcoin.
Details: Binance Labs Announces Investment in Layer-2 Corn (allinstation.com)
SEC Rejects Solana ETF Spot Approval, Still XEM SOL a Security
The U.S. exchange Cboe BZX has abruptly withdrawn the Solana (SOL) Spot ETF applications from VanEck and 21Shares, The Block has learned, just over a month after the proposals were announced in early July.
Details: SEC Rejects Solana ETF Spot Approval, Still XEM SOL a Security (allinstation.com)
Binance will “rename and chart” FRONT Token to SLF
Accordingly, Binance will suspend trading and Delisting all FRONT spot trading pairs (FRONT/ BTC, FRONT/TRY, FRONT/ USDC , and FRONT/ USDT) at 10:00 AM on August 27, 2024 (UTC), and will automatically cancel all pending orders. Binance will then open spot trading for SLF/ BTC, SLF/TRY, SLF/ USDC , and SLF/ USDT pairs at 15:00 AM on August 30, 2024 (UTC).
