On October 10th, Silo Finance, a decentralized lending protocol, proposed a Short-Term Incentive Plan (STIP) to apply for 1 million ARB tokens on Arbitrum. As of the time of writing, the proposal has received 76 million supporting votes, surpassing the required threshold of 71.51 million votes for approval.

According to a report by blockchain analysis company Chainalysis, titled "2023 Global Virtual Asset Adoption Index/East Asia Report", which analyzes virtual asset trading in East Asia, it is reported that South Korea heavily relies on centralized exchanges, while Japan's virtual asset trading situation is different, with centralized exchanges and various types of DeFi protocols being almost evenly distributed.

According to The Data Nerd monitoring, Spartan Group just deposited 2 million BETA to Binance at a price of 0.062 US dollars. They have deposited a total of 4 million coins in the past 2 days.

After Shapella, the next exciting upgrade to Ethereum will be the Cancun fork, which forms part of the scaling roadmap. While L2s such as Optimism and Arbitrum have reduced costs over 8x that of Ethereum base layer, data storage has always been the bottleneck in terms of cheaper transaction fees, making up over 90% of the transaction costs.

According to on-chain analysis platform Santiment data, over 10,000 BTC have flowed out from centralized exchanges (CEX) since September 7, the largest outflow in a single month this year. At the same time, the unique address of Bitcoin also fell to the lowest point in six weeks.

According to Lookonchain monitoring on October 7th, a whale address starting with 0x73b4 transferred 28.46 million SAND, worth approximately 8.57 million US dollars, to Binance and OKX 3 hours ago. The last time a large amount of SAND was deposited on this address to a trading platform was on August 10th (before unlocking), and since then the price of SAND has dropped by about 30%.

Circle, the company behind USD Coin (USDC), has submitted a legal brief to a Washington D.C. district court arguing that stablecoins linked to a sovereign currency, such as the US dollar, are not securities. The brief was filed in response to the SEC's lawsuit against Binance, which accused the exchange of offering unregistered securities to investors. Circle's position is that payment stablecoins do not meet the criteria for SEC oversight as they lack the essential features of an investment contract. Binance has recently delisted three stablecoins, including Pax Dollar and TrueUSD, but still holds $683 million worth of USDC on its exchange and is accepting USDC deposits on Ethereum scaling solutions Arbitrum and Optimism.

Data from Coinglass shows that in the past 24 hours, the amount of MKR held in wallets controlled by centralized exchanges (CEX) has increased by 5%, reaching 71,190 MKR (US$106 million), bringing the total balance of MKR on exchanges to its highest level since September 3.

Monitoring data from The Data Nerd shows that Gnosis Safe Wallet 0x619 has deposited 202,800 BICO coins (worth $41,900) to Binance through Amber Group in the past two days. This wallet received a total of 4.38 million BICO coins (worth $1.51 million) three months ago. BICO has just been listed on Binance Futures and has quickly risen by 29%.

Binance announced that it will launch BICO 1-10x perpetual contracts settled in USDT on September 28, 2023 at 20:30 (GMT+8).