According to Yu Jin's monitoring, a whale sold 1,067,930 SNX (worth $2.1 million) on Binance 4 hours ago, causing the SNX price to drop by 7.4%. These SNX were withdrawn from Binance at an average price of $2.173 between January 31, 2023 and July 12, 2023, and were sold today, resulting in an expected loss of 13% for the investor.

According to official information from BNB Chain, it has completed its second Sunset fork. The second Sunset fork will migrate the BNB beacon chain staking function to the BNB smart chain, and all assets need to be migrated from the beacon chain to the BNB smart chain. BNB Chain reminds users:1. Staked BNB: If BNB is staked, it needs to be migrated. If it is not migrated before July 14th, the staking will be automatically cancelled and returned to the user's account within 2 weeks.2. BNB and other BEP2 assets: These assets also need to be migrated from the beacon chain to the BNB smart chain. If the assets are not migrated, they will not be transferable after August 15th. If the asset migration is not completed yet, it needs to be done before July 14th.

1, Ethereum L2 TVL rebounds slightly to above $39 billion

Binance released its market insights for July, including:

According to the latest data from Coinglass, 6,579.01 bitcoins flowed into Binance exchange wallet in the past week, 4,248.62 bitcoins flowed into Bitfinex exchange wallet, and 3,187 bitcoins flowed into OKX exchange wallet.

According to on-chain analyst @ai_9684xtpa, smartestmoney.eth deposited 6,440 ETH worth $19.54 million into Binance half an hour ago.

On July 6th, Coinglass data shows that the current balance of Bitcoin wallet on Coinbase Pro is 861,205.13 coins, ranking first among CEX; in the past 24 hours, 514.07 coins flowed in, in the past 7 days, 537.74 coins flowed in, and in the past 30 days, 28,600.12 coins flowed out. The balance of Bitcoin wallet on Binance is 612,898.11 coins, with 1,028.20 coins flowing out in the past 24 hours, 9,914.77 coins flowing in the past 7 days, and 37,800.45 coins flowing in the past 30 days. The balance of Bitcoin wallet on Bitfinex is 402,586.32 coins, with 568.43 coins flowing in the past 24 hours, 4,199.01 coins flowing in the past 7 days, and 10,292.01 coins flowing in the past 30 days.

The market shows that BNB has broken through $510 and is now trading at $510.1, with a daily increase of 8.44%. The market is volatile, so please be prepared for risk control.

A senior official of the Central Bank of Nigeria (CBN), Akinwumi, accused Binance of operating without a license in the country during a recent court hearing in Abuja. In response to questioning by the prosecution led by EFCC adviser Ekele Iheanacho, Akinwumi stated: "CBN has not issued any license to Binance." In addition, Binance executive Tigran Gambaryan faces money laundering charges. He was arrested by Nigerian authorities in February 2024 and later released due to deteriorating health. At a previous hearing, he fell ill in court and was diagnosed with malaria. This prompted US politicians to lobby President Biden to release Gambaryan.

Binance-BNB/USDT is currently trading at $500.30, up 5.66% in the past 24 hours.

Market data shows that BNB has fallen below $570 and is currently trading at $569.9, with a daily decline of 0.11%. The market is volatile, so please be prepared for risk control.

According to recent news that a US judge rejected the SEC's allegations against Binance BNB secondary sales and Simple Earn, John Reed Stark, former director of the SEC's Internet Enforcement Office, posted on X platform that the burden of proof always lies with the SEC to prove that a product is a security. He pointed out that the judge only required the SEC to prove that the people who bought Binance products were "investors" and that they bought Binance products because they hoped the price would rise, not "customers" who bought Binance products because the product provided some practicality (such as trading discounts). According to the judge, if digital asset securities are transformed into a practical tool in some way rather than an investment speculation tool, then it is "no longer a security". It is worth noting that the judge explicitly rejected the confusing finding in the Ripple ruling that there must be some contractual relationship between investors and issuers in the secondary market to trigger registration requirements, which is a conclusion that has never been adopted or even cited in any form by other courts in other regions. Considering Binance's main business line, it is not believed that this decision will benefit Binance, have a positive impact on the digital asset industry, or benefit digital asset investors.

A federal judge has dismissed some of the lawsuits brought by the U.S. Securities and Exchange Commission (SEC) against the cryptocurrency trading platform Binance and its founder CZ. The SEC can continue with its allegations against Binance's initial token offering and ongoing sales of BNB, BNB Vault, staking services, unregistered and fraudulent activities. The judge approved Binance and CZ's motion and dismissed the charges related to the secondary market sale of BNB and Simple Earn.

Binance is assisting in investigating the malicious attack on Turkish crypto exchange BtcTurk, according to Binance CEO Richard Teng.

BNB Chain has updated its DappBay high-risk DApp Red Alarm project list, with recently added projects including LasMeta Lottery, Kontos Protocol, and InvisibleEggs.

According to Yi He, “a significant amount of money” was lost when X.com users were tricked by an impersonation scam.

The market shows that BNB has broken through $680 and is now reporting at $680.1, with a daily decline of 1.82%. The market is volatile, so please be prepared for risk control.

The 200 million user mark represents over a third of all cryptocurrency holders worldwide.

According to Yuki Gambaryan, the wife of Binance executive Tigran Gambaryan, who has been detained for more than three months on suspicion of money laundering and tax evasion, more details have been revealed about Tigran's arrest and detention.

According to Coinglass data, the total open position of ETH futures contracts on the entire network is 4.4867 million ETH, equivalent to approximately 16.582 billion US dollars. Among them, the open position of ETH contracts on Binance is 1.5722 million ETH (approximately 5.81 billion US dollars), ranking first, with a 24-hour decline of 4.39%.