According to ChainCatcher, Binance has suspended USDC Arbitrum chain withdrawals, possibly due to the hot sentiment of participating in Hyperliquid (HYPE) trading.

It is reported that the genesis event of HYPE, the native token of the decentralized derivatives trading platform Hyperliquid, will be launched at 15:30 on November 29, Beijing time. Qualified participants in the genesis event will receive 310 million tokens, which will be fully unlocked. There is currently no announcement of any listing on CEX, and trading is only conducted on DEX.