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.
#BinanceJapan

The trustee responsible for rehabilitating the now-defunct crypto exchange Mt. Gox has announced that payments to creditors will begin before the end of the year. However, due to the large number of creditors and varying types of repayments, some may have to wait until 2024 to receive their payments. Individual creditors will not receive advance notice of their payment schedule, but they can check their repayment status on the MTGOX online rehabilitation claim filing system. Mt. Gox was hacked in 2011, resulting in the theft of 850,000 BTC worth approximately $500 million at the time.
#BinanceJapan

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.
#BinanceJapan

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.
#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.
#BinanceJapan

Galaxy Digital CEO Michael Novogratz recently explained in a Bloomberg TV interview the reasons why Bitcoin prices are expected to "significantly rise", with his bullish forecast depending on the possibility of the US SEC approving the first US spot Bitcoin ETF.
Novogratz explained: "Bitcoin will usher in a number of positive factors, including the upcoming ETF, which the industry has high expectations for. Some of these have already been reflected in the price." He also said that when the announcement of the launch of the spot Bitcoin ETF is actually announced (Novogratz believes it will take two months before trading begins), BlackRock, Ark, Fidelity, and his own company will "use their sales force to convince people to adopt Bitcoin".
Novogratz also emphasized that BTC prices will rise significantly, especially in the event of a possible rate cut by the Federal Reserve, and believes that by this time next year, Bitcoin may reach its historical high. (Bitcoin.com)
#BinanceJapan

Chaos Labs has launched a $20 million dYdX Chain incentive plan aimed at promoting early adoption and seamless transition to dYdX Chain. The plan will last for six months and aims to encourage various participants to migrate and participate in dYdX Chain. The incentive methods involve specific goals for different user groups, each of which aims to maximize the effectiveness of the plan.
#BinanceJapan

According to Coingecko market data, PYTH has risen above 0.4 USDT, reaching a high of 0.419 USDT, with a maximum increase of 32% in the past 24 hours, and the current price is 0.404 USDT.
#BinanceJapan

According to Beosin Alert monitoring on December 3rd, the attacker of the wallet address owned by Shen Bo, a partner of Distributed Capital, has transferred 600 ETH held by the address starting with 0x1D4 to Tornado Cash.
As previously reported by BlockBeats, on April 16th, Shen Bo, the founding partner of Distributed Capital, announced that his wallet address ending with 894, which is commonly used by him, was stolen on November 23rd last year, containing a total of $42 million worth of assets. Chain data shows that Spot On Chain monitored today that the Shen Bo wallet address, which sold over 550,000 LQTY, received 557,140 LQTY on November 10th last year from the wallet address ending with 894 that he announced was stolen.
#BinanceJapan

Coinbase, a cryptocurrency exchange, received three times more law enforcement requests in 2021 than it did in 2020, with almost half of the 13,079 requests coming from the United States. The majority of requests were related to criminal investigations, and Coinbase aims to provide anonymized or aggregated data where possible. While the total number of requests increased by 6% from the previous year, it pales in comparison to the 127,766 requests received by Verizon in the first half of 2021. Coinbase CEO Brian Armstrong recently expressed frustration with the U.S. Securities and Exchange Commission's response to the company's requests for guidance, and the company has also received a subpoena from the Commodities Futures Trading Commission.
#BinanceJapan

What differentiates a security from a collectible? That question is at the heart of the Securities and Exchange Commission’s lawsuit against Coinbase, as the agency is accusing the company of selling unregistered securities and operating an unlicensed staking-as-a-service program.
But after the SEC’s lawyers faced pointed questions from New York District Judge Katherine Polk Failla, who wondered aloud whether or not the agency’s definition of collectibles was too broad, a Bloomberg analyst has estimated that Coinbase currently has the edge in the case.
“The judge wanted a limiting principle to the SEC definition of "investment contract" that wouldn't encompass collectibles. We view the one offered by Coinbase as more compelling, requiring investment in a business vs. just an ecosystem, along with an enforceable obligation,” Bloomberg senior litigation analyst Elliott Stein wrote.
Coinbase’s lawyers argued that not all cryptocurrency purchases constituted investment contracts, likening the difference to “investing in Beanie Baby Inc. and buying Beanie Babies.” Also in question was whether or not the tokens had an “ecosystem” behind them; lawyers on both sides differed on whether or not Bitcoin constituted an ecosystem, for example, with the SEC’s lawyers arguing that it does not.
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Judge Faila did not rule from the bench at the end of the four-hour hearing, saying she needed more time to consider the questions at hand. If Coinbase’s motion is dismissed, either whole or in part, the case will continue on to discovery. Stein’s analysis notes that Coinbase may not win this motion, but projects that the company will win eventually.
“Our Thesis: Coinbase is 70% likely to beat the SEC, if not outright on this motion, then later,” Stein wrote. “Even if the case survives, it likely reaches the Supreme Court, which we think will narrow Howey,” Stein also argued, referring to the standard for deeming assets as securities under U.S. law.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Caitlin Long, the founder and CEO of Custodia Bank, stated in an interview that she believes traditional finance and Bitcoin need to coexist. It is necessary to build a bridge between the two systems to ensure that they do not harm each other, while combining their respective strengths: the powerful customer protection provided by banks as the best form of currency.
#BinanceJapan

The Web3 social network CyberConnect posted on X platform that they discovered an ongoing phishing attempt disguised as our Discord server. Some users reported that their wallets were drained after verifying within the server. We are working hard to update all links on third-party websites. Meanwhile, we ask affected users to contact us via DM and provide wallet addresses, email addresses, and any other information that may help investigate this issue. We will share more updates in the next few hours.
#BinanceJapan

According to Whale Alert monitoring, at 16:38:23 Beijing time, 12,000 ETH ($24,166,166) was transferred from an unknown wallet to Gate.io.
#BinanceJapan

PeckShield monitoring shows that a KyberSwap attacker has returned 361,876 USDC.e on AVAX, as detected by community contributors.
#BinanceJapan