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Binance Will Remove Some Margin Trading Pairs Such As AUCTION/BUSD and ALGO/BUSD

October 18th, Binance Leveraged Tokens will remove AUCTION/BUSD, ALGO/BUSD, APT/BUSD, ATOM/BUSD, AXS/BUSD, COMP/BUSD, CRV/BUSD, DODO/BUSD, DYDX/BUSD, EGLD/BUSD, ETC/BUSD, EOS/BUSD, FLOW/BUSD, FTM/BUSD, GLMR/BUSD, GMT/BUSD, HBAR/BUSD, KEY/BUSD, LDO/BUSD, LEVER/BUSD, LINA/BUSD, MAGIC/BUSD, MANA/BUSD, MASK/BUSD, NEAR/BUSD, ONE/BUSD, RNDR/BUSD, TRX/BUSD, UNI/BUSD, and VET/BUSD full position and isolated position trading pairs on October 26th, 2023 at 14:00 (GMT+8).

A Newly Created Wallet Received 6.34 Million ARB From Coinbase, Worth $5.13 Million

According to Scopescan monitoring, a newly created wallet received 6.34 million ARB (approximately $5.13 million) from Coinbase 15 hours ago. According to OKX market data, the current price of ARB is 0.81 USDT, with a 24-hour decline of 1.76%.

Kraken launches new marketing campaign in UK and US focusing on cryptocurrency’s transformative nature

&nbsp;According to Kraken, the largest marketing campaign to date has been launched in the United States and the United Kingdom, focusing on the transformative aspects of cryptocurrency rather than the get-rich-quick information of the last bull market. The company's new campaign also takes an explicit educational approach, hoping to make people more comfortable with cryptocurrency. Kraken pointed out in a blog post that "51% of people... have not bought any bitcoin because they do not know enough about it." Although Kraken has advertised in the past, including a Formula One partnership, Kraken's Chief Marketing Officer Mayur Gupta said the exchange has never executed such a large-scale direct-to-consumer marketing strategy. Gupta said the campaign will initially launch in the United States and the United Kingdom and is planned to expand globally next year. <br>

Bitrace: Over 3.439 Billion Risk TRC20-USDT Has Flowed Into OTC Addresses in the Past 24 Months

Bitrace conducted a fund analysis on Tron addresses with obvious OTC business characteristics outside of centralized trading platforms, compliant cryptocurrency acceptance platforms, and large-scale money laundering water rooms. The data shows that in the past 24 months, more than 3.439 billion risky USDTs have flowed into these addresses.

Latin America favors CEX over DEX

According to a recent report by blockchain analysis company Chainalysis, Latin America is more inclined towards centralized exchanges (CEX) rather than decentralized exchanges (DEX) compared to other regions in the world. The report highlights that Latin America has the world's seventh largest cryptocurrency economy, lagging behind the Middle East and North America (MENA), East Asia, and Eastern Europe. However, it notes that cryptocurrency users in Latin America strongly support the use of CEX. Additionally, in some countries in the region, cryptocurrency activity divided by platform type is significantly biased towards CEX compared to the global average. However, in Venezuela, the preference for CEX is significantly higher, reaching 92.5%, while the preference for DEX is much lower at 5.6%.

Binance will launch BOND 1-50 times U-standard perpetual contract

Binance announced that it will launch BOND 1-50x perpetual contracts settled in USDT on October 15, 2023 at 22:30 (GMT+8).

The trading share of perpetual contracts on CEX in the past seven days is approximately 96%

According to data from Blockworks Research, perpetual contracts dominate the trading volume of on-chain and off-chain crypto derivatives, with a trading volume share of about 96% on CEX in the past 7 days. However, compared to centralized exchanges, the trading volume of on-chain perpetual contracts is lower.
The trading share of perpetual contracts on CEX in the past seven days is approximately 96%

Russian Cybercriminal Groups Suspected in $400 Million FTX Crypto Exchange Heist

Elliptic, a research firm, has traced stolen assets worth $400 million from the now-defunct FTX crypto exchange to Russia-based cybercriminal groups. The attackers used RenBridge to move 65,000 ETH to the Bitcoin blockchain and employed a blockchain-based tool called a mixer to cover their tracks. However, at least $4 million of these assets made their way to various exchanges, hinting at a possible cash-out attempt. Elliptic's analysis suggests a Russian connection, as a significant portion of the stolen assets merged with funds linked to Russian criminal syndicates.

Arca Transferred 1.48 Million ARB to Binance, Expecting a Loss of $460,000

June 8th, Arca withdrew 1.48 million ARB (1.68 million USD) from Coinbase at a price of 1.13 USD. Three hours ago, Arca transferred all of its ARB to Binance at a price of 0.82 USD. After holding for 4 months, Arca's ARB investment is expected to incur a loss of 460,000 USD (-27%). In addition, the DYDX and GMX held in Arca's address are also currently in a floating loss state.

Hata Receives Approval to Register as Digital Asset Exchange and Broker in Malaysia

Hata, a Malaysia-based company co-founded by David Low, has received in-principle approval from Securities Commission Malaysia to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. This approval will allow Hata to launch its services in six to nine months, making it the fifth regulated digital asset exchange in Malaysia and the first legal entity to receive approval as a digital broker. Hata also received a money broker license from the Labuan Financial Services Authority in June, enabling it to exchange USD. Other crypto exchanges such as Binance and Huobi Global have faced challenges in the Malaysian market due to lack of registration with SC.