ETH falls below the $4300 mark
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OKX-ETH/USDT is currently trading at $4298.15, with a 5-minute drop of 0.10%. Please be aware of market fluctuations.
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OKX-ETH/USDT is currently trading at $4298.15, with a 5-minute drop of 0.10%. Please be aware of market fluctuations.
[USDC Treasury Destroys 60 Million USDC] According to Whale Alert data, at 16:15:23 Beijing time, USDC Treasury destroyed 60 million USDC on the Ethereum blockchain.
[Ethereum Unstaking ETH Increases to 2.09 Million, Kiln Proactively Exits Validators] According to Ethereum Validator Queue data, the current amount of ETH in the Ethereum unstaking queue has risen to 2.09 million, a significant increase compared to yesterday. The primary reason is that node operator Kiln has begun an orderly exit of all its ETH validators as a precautionary risk-avoidance measure. Previously, Solana nodes managed by Kiln suffered a $41 million SOL loss due to a hack on the SwissBorg platform. Data shows that Kiln has staked over 1.62 million ETH, accounting for 4.5% of the Ethereum staking market share.
OKX has announced the addition of SKY (SKY) to multiple services, including spot trading, officially launching on 2025-09-11 at 21:00 (UTC+8). Notes: - Market orders are not allowed within the first 5 minutes after the new token is listed. - The maximum amount per limit order is $10,000 within the first 5 minutes after the new token is listed. - The above restrictions will be lifted 5 minutes after the listing.
According to a report by Golden Finance, a government document reveals that India prefers not to establish comprehensive legislation to regulate domestic cryptocurrencies, opting instead for partial regulation due to concerns that integrating digital assets into the mainstream financial system could trigger systemic risks. The document cites the perspective of the Reserve Bank of India, stating that effectively controlling cryptocurrency risks through regulation would be extremely challenging. A document prepared by the government this month points out that regulating cryptocurrencies in India would grant them "legitimacy" and "could lead to systemic risks within the industry." In contrast, while a complete ban could address the "worrisome" risks posed by speculative cryptocurrency assets, the document adds that such an approach would fail to address peer-to-peer transfers or transactions on decentralized exchanges.
[Wang Feng: Linekong Interactive Prefers Grayscale Model Development] Linekong Interactive founder Wang Feng stated that the company will not position itself as a crypto treasury company but rather leans toward the Grayscale model. He believes that the buying and selling of cryptocurrencies by listed companies is a natural behavior and will integrate related businesses into the LK Crypto division. Previously, Linekong Interactive had disclosed its cryptocurrency holdings and launched staking plans for Ethereum and Solana.