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FTX and Alameda wallets transferred approximately $10.2 million in 13 tokens to market makers and CEXs in the past 5 days

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February 10
According to Spot On Chain monitoring, FTX and Alameda wallets have transferred approximately $10.2 million in 13 tokens to market makers and CEXs in the past 5 days, including:

Hong Kong Securities and Futures Commission and police warn the public to beware of MEXC’s suspected virtual asset-related fraud

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February 10
Hong Kong's Securities and Futures Commission and police today warned the public to beware of suspected fraud involving an entity claiming to be a virtual asset trading platform. The entity in question operates under the name "MEXC". MEXC is suspected of luring victims to join chat groups on social media or instant messaging software under the guise of providing free investment advice. Within these chat groups, victims interested in purchasing cryptocurrency were referred to websites operated by MEXC. The victim was asked to deposit funds into a designated bank account for investment purposes, but later reported difficulties in withdrawing funds. The Hong Kong Securities and Futures Commission added MEXC and its website to the warning list of suspicious virtual asset trading platforms on February 9, 2024.

U.S. Treasury Secretary Yellen: Treasury could use more powers to crack down on terrorist groups’ use of cryptocurrencies

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February 09
U.S. Treasury Secretary Janet Yellen said at a Senate Banking Committee hearing on Thursday that the Treasury Department could use more powers to combat the use of cryptocurrencies by terrorist groups. "We do have a lot of authority to take action, but we have identified some of the loopholes and made a series of recommendations on how to strengthen Treasury's authority," Yellen said. Senator Mark Warner asked Yellen if she thought the Terrorist Financing Prevention Act was necessary, and Yellen responded: "I recognize that the Treasury Department faces some constraints, and we certainly support the goals of this bill. It will help give us the authority to make We are better equipped to deal with a very significant threat."

DEX aggregator Flood completes $5.2 million in seed round financing, co-led by Bain Capital Crypto and Archetype

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February 09
Bain Capital Crypto and Archetype co-led a $5.2 million seed round in Flood, an Ethereum ecosystem-focused decentralized exchange aggregator. Flood features its optimal path model, which aims to complete transactions at the best price. Flood currently runs on Arbitrum One, with plans to expand to Ethereum, Base, and Optimism in the coming months. The round also attracted participation from Robot Ventures. Flood currently has six employees, and as the new funding becomes available, the project plans to hire more people in business development and engineering functions.

Bank for International Settlements expresses concerns about Metaverse’s future, advocates for strong public policy framework

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February 08
The Bank for International Settlements (BIS) has issued a stark warning about the potential for fragmentation and the risks of private company dominance in the emerging virtual universe, emphasizing the key role of public policy in safeguarding the future of this digital ecosystem. In a comprehensive report released on February 7, the regulator highlighted that without strategic oversight to ensure fair access, data privacy and strong consumer protections, the Metaverse is jeopardizing economic revolution in areas such as gaming, e-commerce and education. commitments may be compromised.

Ondo Finance expands its USDY stablecoin to the Sui network

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February 08
Tokenized securities provider Ondo Finance has announced that its USDY stablecoin will be expanded to Mysten Labs’ Sui blockchain. This is the “first native USD-denominated token” on Sui. The move aims to introduce a U.S. Treasury-backed, interest-bearing token called Ondo USD Yield, or "USDY," becoming the Sui network's first native U.S. dollar-denominated token to include stablecoins and interest-bearing stablecoin alternatives. ​​.

Solana has been upgraded to v1.17.20 and the cluster has been restarted

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February 07
Solana Status tweeted: "Following a successful upgrade to v1.17.20 and a cluster restart by the node operator, block production for the Solana mainnet beta resumed at 14:57 UTC. As network operations resume, engineers will Continue to monitor performance. The outage began at approximately 09:53 UTC and lasted for 5 hours. Core contributors are working on a root cause report which will be available upon completion."

American bank Vast Bank will exit the crypto field and has shut down its mobile crypto banking APP

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February 06
American banking institution Vast Bank has announced that it has shut down its mobile crypto banking app and announced its intention to exit the cryptocurrency industry. The bank said: “In order to strategically adjust our operations, effective January 31, 2024, we will disable and delete Google and Apple’s Vast Crypto mobile banking applications, meaning users’ Vast Crypto mobile banking accounts, Any digital assets, including those held in custody, will be liquidated and closed.”

The grayscale address transferred a total of approximately 2,630 BTC in 3 transactions more than 20 minutes ago.

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February 06
Arkham data shows that at 22:04 on February 5, Beijing time, the Grayscale address transferred a total of 2630.292 BTC in 3 transactions, of which about 900 BTC was transferred to the Coinbase Prime deposit address, and about 1730 BTC was transferred to 13JYQh and 1pZF2i Two new addresses at the beginning.