- Over the past 7 days, Binance has experienced a net outflow of approximately 38,000 BTC, with the current holdings standing at around 520,000 BTC.
- Polygon Labs has announced that MATIC will no longer be available for the U.S. market and will be issuing new technical announcements this week.
- The Nigerian Securities and Exchange Commission has ordered Binance Nigeria to cease operations in the country.
- Gensyn, a blockchain-based AI computing protocol, has successfully raised $43 million in Series A funding, with a16z leading the investment.
- Venus Protocol, a lending protocol on the BNB Chain, has stated that its core team is prepared to take over BNB positions on Venus if the price reaches the liquidation threshold as planned.
- More than $10 million worth of FRAX and USDC has been transferred from Frax Finance to Curve Finance.
- A whale has moved 182 million USDT and 2,436 ETH out of Binance over the past 3 days.
- A whale has deposited 25,000 stETH into Aave and borrowed 35 million USDT, which was subsequently deposited into Binance.
- As of June 8th, the circulating supply of USDC has dropped to 28.4 billion.