Suspected Matrixport-affiliated address withdraws 40,734 ETH in nearly 24 hours

On July 3, a wallet possibly linked to Matrixport withdrew 40,734 ETH (worth approximately $104 million) from Binance and OKX in the last 24 hours, according to Lookonchain monitoring. In addition, Abraxas Capital withdrew 48,823 ETH ($126 million) from Binance and Kraken in the last 24 hours.

Bitcoin Volatility Plummets, Now Approaching U.S. Stock Levels

On June 27, Bloomberg Senior ETF Analyst Eric Balchunas said in a social media post, “Regarding Bitcoin’s volatility, the chart shows the ratio between the 60-day volatility of IBIT (the Bitcoin Spot ETF) and the S&P 500 (SPX). A year ago, IBIT was 5.7 times more volatile than the SPX, and now it’s almost only…

Bitget Launches On-Chain Points Challenge and Trading Contest, Participate in Trading to Unlock BGB Airdrops

On June 26th, according to the official news, Bitget’s 7th on-chain points challenge will be opened soon. Users who complete a daily on-chain buy of more than $50 will be awarded with points, and will have a chance to share 50,000 BGB airdrop rewards. The event will run from June 27th 00:00:00 to July 3rd…

Sky ecosystem newcomer Grove gets $1 billion grant to advance RWA business

On June 25, Coindesk reported that Grove, a decentralized financial protocol focused on creating an institutional-grade credit infrastructure, officially launched on Wednesday and announced a $1 billion strategic investment commitment in tokenized assets.DeFi lending giant Sky is allocating $1 billion in funding to the Grove protocol to invest in tokenized Collateralized Loan Obligations (CLOs). The…

Mining firm Hut 8 and Coinbase expand credit facility agreement to $130 million

On June 24, bitcoin miner Hut 8 announced that it had reached an agreement with Coinbase to expand its bitcoin secured credit facility from $65 million to $130 million and extend the maturity date to July 16, 2026, Globenewswire reported. The new agreement, which is expected to have a fixed rate of 9.0%, will significantly…

Chain game developer Endless Clouds closes $6.25 million funding round, will launch its token END

On June 23, blockchain gaming company Immutable issued a post announcing that chain game developer Endless Clouds, which had previously closed a $6.25 million round of funding, would be launching its token, END, which will power the Endless Clouds ecosystem, specifically for chain game Treeverse.