Galaxy Digital deposits another 12,500 ETH (worth $20 million) to Binance

According to Lookonchain monitoring, Galaxy Digital deposited another 12500 ETH (worth $20 million) to Binance 8 hours ago.

Galaxy Digital deposited another 12,500 ETH (worth $20 million) to Binance in the early morning.

According to Lookonchain monitoring, Galaxy Digital deposited another 12,500 ETH (worth $20 million) to Binance 8 hours ago. In the past 6 days, Galaxy Digital has deposited 62,181 ETH (worth $99.46 million) to the exchange.

Yesterday, the total deposit amount to Binance was 39,016 ETH (worth $62.42 million), the largest single-day deposit amount to Binance in 2024. Among them, the deposit of 26,516 ETH (worth $42.43 million) was from Wintermute, and the deposit of 12,500 ETH (worth $20 million) was from Galaxy Digital.

At present, the price of ETH is showing stability around $1600, and the market value of ETH is about $760.88 billion, ranking second in the digital currency market.

output: Changpeng Zhao calls BNB a meme coin

Changpeng Zhao, CEO of Binance, responded to a user on X (formerly Twitter) on Monday that BNB will be listed on Kraken on April 22 and deposits are now open.

"Is this a joke?" the user asked, to which Zhao replied: "BNB is a meme coin."

"BNB will be listed on Kraken on April 22 and deposits are now open," reported the crypto news outlet. "The coin is set to become available for trading on April 24 at 03:00 (GMT+2)."

The news comes after a report by crypto analytics firm Token Terminal found that Binance is the world's largest crypto exchange by trading volume. The exchange had a monthly trading volume of $1.1 trillion in March 2024.

The post drew several reactions from other users, with one user adding that "anything can be a meme coin in today's market. It's all about community and engagement, which BNB has in spades."

Another user said that "even Bitcoin can be called a meme coin if you want to be pedantic; it's all about the context and how you frame it."

A third user joked that "the only surprising thing is that it took them this long."

Kraken is a large cryptocurrency exchange, ranked 10th on CoinMarketCap. It currently lists about 200 cryptocurrencies and offers trading in over 70 currency pairs.

The exchange is known for its advanced trading platform, which offers a wide range of features such as margin trading, futures contracts, and a built-in charting library. Kraken also has a strong focus on security, with two-factor authentication (2FA) and email notifications for critical account activity.

Pump.fun will continue to experiment at the intersection of social media and tokenization

Alon Cohen, co-founder of Pump.fun, wrote on the X platform: "Pump.fun will continue to experiment at the intersection of social media and tokenization. Some of these attempts (such as live streaming, by the way, have now fully resumed live streaming). Whatever we do, we will do our best to ensure that it is consistent with our core user base. That being said: don’t expect me, pump.fun, or any employee to issue tokens (there will be no ‘secret issuance).’"

Earlier reports said that the project is currently focused on developing a new product that aims to integrate the strengths of both platforms. According to reports, the project is still in the early stages of development, and the two companies are exploring different options and aiming to launch the product by the end of the year.

Wintermute announces investment in lending protocol Euler Finance

Market maker Wintermute announced on the X platform that its investment institution Wintermute Ventures has invested in the DeFi lending agreement Euler Finance. The specific amount has not been disclosed yet.

Euler Finance is a decentralized protocol that provides users with a variety of lending and borrowing products. The protocol is built on the Ethereum blockchain and uses the Aave v2 lending pool. Euler's products include uncollateralized borrowing and lending, leveraged yield generation, and structured credit modules.

Wintermute Ventures is the venture capital arm of Wintermute, which invests in early-stage blockchain startups. The firm has previously invested in a number of high-profile projects, such as Chainlink, OpenSea, and Aave.

sUSD de-pegging intensifies to $0.6825, with a 24-hour drop of 16.5%

The market data shows that the decoupling degree of Synthetix ecological stablecoin sUSD has intensified, and it is currently trading at US$0.6825, with a 24-hour