According to Spot On Chain monitoring, Multisig 0x5Bd address has deposited 16 trillion PEPE into 4 different CEXs - OKX, Binance, Bybit, and Kucoin - at an average price of 0.0000001015 USD (16.29 million USD) in the past 3 hours. After the deposit, the price of PEPE seems to have dropped by 10.5%. The address currently still holds 10.69 trillion USD worth of PEPE (10.04 million USD).

ParaSpace, a nonfungible tokens (NFT) financialization protocol, has been embroiled in controversy after its CEO, founder, and CTO Yubo Ruan was accused of mismanaging funds equaling 2,909 Ether (ETH) recovered through a white-hat interception that occurred on March 18. Ruan has denied any wrongdoing and claims that the allegations are an attempt to force him to step down as CEO.

LUNC, the native crypto token of the Terra Classic blockchain, could rally as the USTC re-peg proposal passes governance voting. A prominent community member submitted the proposal in a bid to re-peg TerraClassicUSD (USTC) to the dollar, suggesting two approaches including an algorithm peg divergence fee protocol and a LUNC buyback mechanism.

Bitcoin continues to show resilience, with its rally against the backdrop of the banking scandal highlighting a shift in investor sentiment towards viewing it as a hedge against banks. According to a report by CoinGecko, spot trading volume across the top 10 crypto exchanges was recorded at $2.8 trillion in Q1 2023, up by over 18% from Q4 2022.

April 23 (Cointime) - OKX announced that it will be rebalancing its cold and hot wallets over the next 24 hours as part of regular maintenance. The platform expects some large transfers but assures its users that their funds are safe. Furthermore, the rebalancing will not affect fund deposit and withdrawal.

Aptos, a DeFi protocol, is ramping up its foundation to benefit from the tribulations of centralized exchanges (CEXs). The article notes that the recent issues faced by some centralized exchanges, including regulatory crackdowns, security breaches, and other challenges, have highlighted the potential benefits of decentralized finance (DeFi) and blockchain technology.

Nasdaq Inc. expects its custody services for digital assets to launch by the end of the second quarter as it joins a growing pool of traditional financial firms that could fill the role of crypto middlemen following a spate of bankruptcies in the industry.

Binance, the world’s largest crypto exchange by trading volume, has extended its spot market share across crypto exchanges for a fourth consecutive month.

On March 7, Bloomberg reported that Coinbase had refused to accept responsibility or refund a hacking victim. The company responded to an account holder who lost $96,000 last year in a court filing on Monday, March 6.

Binance, the world’s largest cryptocurrency exchange, denied a report published by Forbes titled “Binance’s Asset Shuffling Eerily Similar To Maneuvers By FTX,” which argues that the crypto giant transferred $1.8 billion associated with its users’ funds.