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Wu Blockchain· 2025-12-08 11:52
ZachXBT criticized InfoFi projects such as Kaito Yaps, Galxe, Layer3, Cookie, and Wallchain for incentivizing AI bots to flood platforms with low-quality interactions, calling it ecosystem pollution. He urged platforms to allow country-level content/account hiding, noting that even donation threads for open-source projects are flooded with “AI garbage content.” https://t.co/ouKLoV7dhO ...
X @Wu Blockchain
Wu Blockchain· 2025-12-08 11:27
Compliance & Legal - Binance suspended an employee and will pursue legal action for alleged insider trading [1] - The incident involved an on-chain token issuance and a Binance post with matching details [1] - Binance awarded $100 thousand bounty to five reporters [1] - Binance reiterated its zero-tolerance policy against insider trading [1]
X @Wu Blockchain
Wu Blockchain· 2025-12-08 10:49
QCP: BTC and ETH whipsawed on thin year-end liquidity, with perp OI down 40–50% from October and exchange reserves for both assets falling to multi-year lows. Markets now look to Wednesday’s FOMC, where balance-sheet guidance will be key as BTC remains stuck in the 84k–100k range amid deteriorating depth.https://t.co/KqoqKi8Aor ...
X @Wu Blockchain
Wu Blockchain· 2025-12-08 10:13
Inflows and Outflows - Digital asset ETPs experienced significant weekly inflows of US$716 million [1] - Short-Bitcoin products recorded outflows of US$18.7 million, the largest since March 2025 [1] Assets Under Management (AuM) - Total AuM for digital asset ETPs reached US$180 billion [1] - The current AuM is still below the all-time high of US$264 billion [1] Specific Digital Assets - Bitcoin attracted US$352 million in inflows [1] - XRP saw strong demand with inflows of US$245 million [1] - Chainlink also experienced strong demand, receiving US$52.8 million in inflows [1]
X @Wu Blockchain
Wu Blockchain· 2025-12-08 09:21
Regulatory Compliance and Relocation - Binance is shifting its global operations from the Cayman Islands to Abu Dhabi Global Market (ADGM) [1][2] - The shift follows receiving full authorization from the FSRA (Financial Services Regulatory Authority) [1] - The relocation is expected to be completed by January 5, 2026 [1] Operational Structure in ADGM - Binance services will be provided through three licensed ADGM entities [1] - These entities include Nest Exchange Services Limited (trading platform), Nest Clearing and Custody Limited (clearing and custody), and Nest Trading Limited (brokerage and OTC services) [1]
X @Wu Blockchain
Wu Blockchain· 2025-12-08 08:44
Binance will shift its global operations to Abu Dhabi Global Market (ADGM) after receiving full FSRA authorization. Starting January 5, 2026, Binance services will be provided through three licensed ADGM entities: Nest Exchange Services Limited (trading platform), Nest Clearing and Custody Limited (clearing and custody), and Nest Trading Limited (brokerage and OTC services).Wu Blockchain previously reported that in 2022, then–Binance spokesperson Patrick Hillmann had said the exchange’s main entity was regi ...
X @Wu Blockchain
Wu Blockchain· 2025-12-08 07:55
Regulatory Change - Argentina's central bank is considering lifting the ban on banks' crypto activities [1] - The move aims to bring BTC and stablecoin use into compliance and strengthen KYC/AML [1] - A new regulatory framework will be introduced to oversee crypto trading and custody [1] Market Impact - Banks could compete with local exchanges, potentially lowering fees [1] - Banks will require new capital and liquidity safeguards [1] - The shift represents a move from prohibition to oversight of crypto activities [1]
X @Wu Blockchain
Wu Blockchain· 2025-12-08 07:27
CZ Responds to Stepping Down as Binance CEO: Actually Cried While Writing the BlogOn December 3rd at Binance Blockchain Week, Binance founder CZ discussed his experience of stepping down as CEO during a group media interview. He mentioned that he had shed tears while writing his stepping-down blog at 4 a.m. in Seattle, and it took him some time to calm down afterward. CZ noted that he did not engage in specific affairs during his year in the United States after resigning, and felt deeply relieved to see Bin ...
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Wu Blockchain· 2025-12-08 06:45
CZ Shares His Most "Unprofitable" ProjectAt the 2025 Binance Blockchain Week on December 3, Binance founder CZ shared details about Giggle Academy, a nonprofit education initiative he has been heavily involved in. The free platform for young children has served 88,000 students, grows by several thousand new users each week, and offers hundreds of lessons along with multilingual AI-generated story content. CZ personally funded the project during its early months, after which a community-created meme coin une ...
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Wu Blockchain· 2025-12-08 06:11
Bybit announced a strategic partnership with USDC issuer Circle to promote the use of USDC across its spot, derivatives, and payment products, enhancing related liquidity and fiat on/off-ramp efficiency. The two companies will also explore cross-chain liquidity and institutional-grade financial solutions. Bybit has also joined the Circle Arc public beta to participate in stablecoin infrastructure development. ...