Ceffu recently uploaded 3,851 ETH worth $11.13 million to Binance. Two addresses associated with Justin Sun started withdrawing USDT from Binance. Stacks (STX Coin) announced that the “Nakamoto” upgrade has been postponed again. And more…
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Ceffu uploads 3,851 ETH to Binance
As you have been following on Kriptokoin.com, the market is facing a sharp sell-off. In this environment, whales are shifting tokens to exchanges. Binance institutional custodian Ceffu recently uploaded 3,851 ETH worth $11.13 million to Binance, on-chain watcher ‘ai_9684xtpa’ reported. In the last 8 hours, Ceffu transferred 3,851 ETH, $41.75 million worth of stablecoins. It also transferred $55.68 million worth of token assets to Binance, including other tokens.
Justin Sun starts withdrawing USDT from Binance
Over the last 5 hours, two addresses associated with Ethereum whale Justin Sun started withdrawing USDT from Binance, on-chain observer ‘ai_9684xtpa’ reported. In total, the addresses transferred 67.65 million USDT. The whale deposited 30.37 million of it back into JustLend. According to the data, the whale still has 27.35 million USDT from CEX. The observer interpreted this development as an end to Sun’s ETH purchases.
Stacks (STX Coin) “Nakamoto” upgrade delayed again
Bitcoin L2 network Stacks (STX Coin) announced that the “Nakamoto” upgrade has been postponed again. Stacks (STX Coin) stated that another eight weeks of development time is needed. Mitchell Cuevas, president of the Stacks Open Internet Foundation, wrote that core developers have identified the need for more advanced signer resiliency/recovery capabilities and that an additional eight weeks of development and testing is expected before bringing the second hard fork activation capabilities. Meanwhile, according to the plan, the code for the new ‘signer resilience’ functionality will be finished on July 15. Also, Stacks (STX Coin) plans to launch the activation on August 28.
Binance Labs announces investment in Movement Labs
Binance Labs, the investment arm of Binance, the world’s largest crypto exchange, announced another investment news. Accordingly, Binance Labs announced that it has invested in the cryptocurrency project named Movement Labs. In this context, Binance Labs made the following post from its X account:
We invested in Movement Labs. Movement Labs is the first integrated Blockhain network to integrate smart contract security and parallelization through zero-knowledge rollups.
Qubic announces upgrade to node operators
According to the official announcement, PoW AI platform Qubic will launch v1.201.0. It also stated that node operators will need to manually upgrade to the new version. The core code of the new version directly supports Qx operations. Thus, it improves ANN generation and speeds up scoring.
Acala releases new technology roadmap and launches an upgrade
Polkadot ecosystem DeFi protocol Acala has released a new technology roadmap. The project also plans to launch the Sinai Upgrade upgrade. This upgrade mainly includes: multi-chain integration and improved DeFi accessibility, strengthening the community through open governance, addressing the urgent need for security in an expanding multi-chain environment, establishing clear aSEED redemption standards, and promising a fair and transparent framework for the remaining aSEED holders.
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