CryptoRank, an encrypted data analysis platform, published an article on X platform stating that compared to Q3 2023, it is expected that the spot trading volume of centralized exchanges (CEX) in Q4 will increase by more than 83%. Despite the significant increase in trading volume, it is still nearly four times lower than the historical high in Q2 2021.
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Spot trading volume on CEX is expected to surge by more than 83% QoQ in Q4 2023
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A whale deposited 757.7 BTC to Coinbase 3 hours ago, worth about 47.6 million US dollars
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Grayscale GBTC has a cumulative net outflow of US$17.4865 billion, and ARKB has a cumulative net inflow of US$2.2447 billion
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In the past 24 hours, the entire network has liquidated $137 million, and the total market value of cryptocurrencies is $2.433 trillion
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Ethereum L2 TVL is $38.59 billion, a 7-day increase of 3.62%
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Cointime January 21 News Express
1.Morgan Stanley: The Fed is now expected to slow down the pace of balance sheet reduction starting in June2.Three addresses transfer UMA to CEX after UMA rises3.South Korea’s Financial Supervisory Authority issues tips to prevent the spread of cryptocurrency scams4.LBank will list AMB and open for trading at 16:00 on January 255.HashKey Exchange: Due to the system upgrade of our partner Standard Chartered Bank, the recharge will be delayed next Monday.6.Celestia ecological pledge project CelestLoan will launch its first round of token sales on January 307.Trezor: The third-party ticket portal was accessed without authorization, but user assets were not affected8.MagicSquare(SQR) will be listed on Gate at 6pm tomorrow night9.Revolut partner BSC-857 protocol platform has completed BSC-Web3 deployment10.Ondo Finance announces launch of first batch of Ondo points program -
Indian Crypto Exchange CoinDCX Under Legal Scrutiny for Alleged Bank Fraud and Irregularities
CoinDCX, a major player in India's cryptocurrency landscape, is under investigation by the Delhi Police for alleged bank fraud on its mobile application. Multiple complainants have reported irregularities, claiming they were coerced into paying additional funds during the withdrawal of their crypto investments. The allegations involve demands beyond the stipulated tax, raising questions about the platform's conduct. The unfolding scandal sheds light on potential misconduct within one of India's prominent crypto platforms, highlighting the need for transparency and adherence to regulations in the burgeoning cryptocurrency space. Investors await clarity on the fate of their funds as the police investigate the matter.
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