On November 21st, Avalanche's social protocol Stars Arena announced on Twitter that the first phase of migration has been completed and they are preparing for the next phase of migration. Currently, Stars Arena has resumed online, but with limited functionality.
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Ripple lawyer John E Deaton claimed on social media that the US has officially lost control. Compared to fraudsters, regulatory agencies in the US have caused greater punishment and harm to US investors, which highlights many issues. This is not meant to diminish the existence of fraudulent behavior within the ecosystem.
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Bitcoin mining company Canaan is looking for new funding after experiencing a decline in revenue and profits. In its Q3 2023 earnings report, the company announced plans to sell $148 million in equity through an at-the-market offering. Canaan also recently agreed to issue up to 125,000 preferred stock at $1,000 each to an undisclosed institutional investor for a total of $125 million. The decline in revenue is attributed to a decrease in the number of Bitcoin mined and a fall in the number of ASIC mining rigs sold, as well as increased pricing competition and a softening in purchasing power. Canaan expects its Q4 revenue to remain unchanged due to challenging market conditions.
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PeckShield monitoring shows that a KyberSwap attacker has returned 361,876 USDC.e on AVAX, as detected by community contributors.
#BinanceJapan

In a groundbreaking announcement, Binance Japan, a division of the world's largest cryptocurrency exchange, has unveiled a strategic partnership with Mitsubishi UFJ Trust and Banking Corporation (MUFG), Japan's largest banking group with assets totaling a staggering $3.1 trillion. This historic collaboration marks a pivotal moment in the world of blockchain and finance, with a primary focus on the creation of a new stablecoin. The journey to this monumental partnership began when Binance successfully reentered the Japanese market in August 2023, overcoming regulatory challenges and setting the stage for a game-changing initiative.
The Genesis of Collaboration
The foundation of this remarkable partnership was laid when Binance made its triumphant return to the Japanese market after navigating regulatory hurdles. With the support of MUFG, the world's largest crypto exchange took a significant step towards fostering innovation in the Japanese financial landscape.
Empowering Progmat Coin
Central to this collaboration is the utilization of the Progmat Coin platform, introduced in 2022 with the aim of simplifying the creation and management of stablecoins linked to the Japanese yen (JPY). This platform is set to play a pivotal role in the development and issuance of stablecoins, revolutionizing how digital currencies are managed in Japan.
Regulatory Winds of Change
In June 2023, Japanese authorities implemented regulatory updates that paved the way for advancements in the stablecoin space. This regulatory clarity acted as a catalyst, allowing the partnership between Binance Japan and MUFG to flourish. Now, the door is wide open for innovative financial solutions.
Collaboration with Local Banks
The Progmat Coin platform has already garnered support from local banking giants like Mizuho Bank and SBI Holdings. Through this collaboration, Japanese banks will gain the ability to issue stablecoins on well-established public blockchains such as Ethereum and Polygon, with future plans for expansion into other blockchain ecosystems.
Ambitious Plans for the Future
Both Binance Japan and MUFG have set an ambitious timeline, aiming to kickstart stablecoin operations by the end of 2024. The primary goal of this partnership is to introduce new stablecoins pegged not only to the Japanese yen but also to other global currencies. The Head of Binance Japan envisions this collaboration as a vital bridge connecting Japan's real-world economy, the evolving blockchain space, and the vast global Binance ecosystem.
In Summary
The partnership between Binance Japan and MUFG stands as a remarkable milestone in the financial world. It promises to reshape how digital currencies are perceived and utilized in Japan, marking a significant step towards a more interconnected and innovative financial ecosystem. The development of stablecoins linked to the Japanese yen and the collaboration with local banks signify a bright future for blockchain technology in the Land of the Rising Sun.
#BinanceJapan #ProgmatCoin #MUFGCollaboration #MUFG #Mitsubishi $BNB $BUSD

According to official sources, the Sui browser now includes a source code view of the Sui framework package. The "Source Verified" tab is located next to the existing "Bytecode" tab, allowing developers to click and view the source code for the following packages: 0x1 | move-stdlib, 0x2 | sui-framework, 0x3 | sui-system, and 0xdee9 | deepbook. This new feature enables Sui developers to easily find, read, understand, and share Move code, making development or auditing easier. For supported packages, developers no longer need to search for a specific repository or branch corresponding to the published on-chain bytecode. Simply look up the source code in the Sui browser, including the documentation strings.
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According to Lookonchain monitoring, a participant in the Ethereum ICO who had been dormant for 3 years transferred 20,000 ETH (approximately $42.4 million), of which 10,000 ETH was transferred to Kraken.
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According to Whale Alert monitoring, 10,000 ETH (approximately $21,610,710) was transferred from Bybit to an unknown wallet.
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According to data from TradingView, the total value of all DeFi token projects is currently $57.75 billion, an increase of over 25% in the past month. The current valuation of DeFi is at its highest level since August 2022.
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According to a report by Chainalysis, the vast majority of cryptocurrency transactions (about 99.6%) are used for legitimate purposes. In 2023, illegal cryptocurrency transactions accounted for only 0.34% of all cryptocurrency transactions, lower than 0.42% in 2022 and significantly lower than 1.3% in 2019. The report only focuses on funds stolen by cryptocurrency hackers and those identified as illegal addresses. Despite the decrease, it is worth emphasizing that compared to illegal activities in the broader financial industry, cryptocurrency-related crimes are still small.
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On November 23rd, Bloomberg ETF analyst James Seyffart posted that Grayscale has submitted a new S-3/prospectus for the conversion of GBTC to ETF, and the biggest update is the plan to change the stock code from "GBTC" to "BTC". This confirms that Grayscale is negotiating with the SEC and updating/changing its product documents after discussing and receiving feedback from the SEC.
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Arbitrum DAO has approved a one-time "reserve fund" of $23.54 million to support 26 projects that missed out on the first round of funding. The initiative was passed with a two-thirds majority and aims to develop and incentivize projects on the Ethereum Layer 2 network.
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PeckShield updated the fund losses on Heco Bridge, totaling approximately $86.6 million worth of cryptocurrency, including: 346,994 TUSD; 42,399 LINK ($601,641); 619,000 USDC; 173,200 UNI ($931,816); 346.9 million SHIB (approximately $2.8 million); 489 HBTC ($18.8 million); 42 million USDT; 10,145 ETH (approximately $19 million).
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Galaxy Digital CEO Mike Novogratz is optimistic that Bitcoin will reach its all-time high by next year, with the potential approval of the first U.S. spot Bitcoin ETF driving billions of dollars into the sector. Novogratz believes that making it easier to invest in cryptocurrencies via ETFs will attract a fresh set of retail investors. Meanwhile, MicroStrategy has purchased an additional $593.3 million worth of Bitcoin, bringing their total holdings to 174,530 BTC acquired for ~$5.28 billion at an average price of $30,252 per bitcoin. Other high-profile leaders in traditional finance, such as BlackRock's Larry Fink, have also expressed optimism about Bitcoin's future.
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On November 30th, BNB Chain officials stated that they are fixing the issues with the BSC and opBNB testnets, and the estimated time for the fix is about 1 hour. The mainnet is not affected.
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