reef

ChainCatcher news, the world's first Chinese decentralized contract trading platform "Sun Wukong" has been online for only 7 days, and the cumulative trading volume has exceeded 2 billion USDT. On October 16, the trading volume reached 85 million USDT, a month-on-month increase of 17%; the platform's asset scale rose to 63 million USDT, a month-on-month increase of 16%.In terms of liquidity, the depth of K2 trading pairs has significantly improved. Among them, the depth of BTC at 0.1%, 0.15%, and 0.01% increased by 330%, 288%, and 156% respectively compared to the previous day; the depth of ETH at 0.1%, 0.15%, and 0.01% increased by 264%, 210%, and 150% respectively, continuously optimizing the user trading experience.In addition, the Sun Wukong platform has launched a deposit interest activity: users can enjoy an annualized return of 12% by depositing USDT, with no lock-up, no freezing, and no limit, helping users' assets to grow flexibly.

ChainCatcher news, on-chain detective ZachXBT posted on social media that he has continuously heard two names related to the Mantra incident: Denko (founder of Reef Finance) and Fukogoryushu. It is alleged that in the days leading up to the 90% crash of the OM token, these two sought large loans using their holdings of OM as collateral.It should be noted that Reef Finance has a history of market manipulation; the token was delisted by Binance in October 2024, and its team had previously reached an over-the-counter trading agreement with Alameda Research for $80 million in 2021.

ChainCatcher message, on-chain detective ZachXBT posted on platform X stating: "I have been hearing two names associated with the Mantra incident: Denko (founder of Reef Finance) and Fukogoryushu. It is alleged that in the days leading up to the 90% drop of OM that triggered the collapse, they had contacted some individuals, asking them to take out large loans using OM as collateral.For those unfamiliar with Reef Finance, the project was delisted from Binance in October 2024 and had previously engaged in an $80 million over-the-counter transaction with Alameda in 2021. REEF has also experienced similar market manipulation incidents in the past."

ChainCatcher news, according to Cointelegraph, as the Chinese AI company DeepSeek gains popularity, malicious "DeepSeek" crypto tokens have surged in the past 24 hours.According to data from security firm BlockAid, as of January 27, at least 75 related scam tokens have been created, a threefold increase from the previous day. This mirrors the spike in counterfeit tokens following U.S. President Trump's release of a meme coin on January 18.According to BlockAid research analyst Oz Tamir, scammers have created a DApp that mimics the DeepSeek website, which includes a "connect wallet" button that, when clicked, could steal users' wallet funds.

ChainCatcher message, Binance Futures will automatically liquidate the REEFUSDT U-based perpetual contract on January 22, 2025, at 17:00 (UTC+8), and the U-based perpetual contract trading pair will be delisted after the liquidation is complete.Binance Futures updated the leverage and margin tiers for the REEFUSDT U-based perpetual contract on January 15, 2025, at 15:30 (UTC+8).

ChainCatcher news, DWF Labs co-founder Andrei Grachev stated that DWF Ventures' venture capital in 2024 will increase threefold compared to 2023, and DWF Ventures will carefully study and invest in the most promising projects.

ChainCatcher news, according to a report by Yonhap Infomax, since Donald Trump won the U.S. presidential election, the value of Bitcoin-related stocks held by the National Pension Service (NPS) of South Korea has increased nearly threefold.As of the end of September this year, NPS held 265,646 shares of Coinbase Global and 245,000 shares of MicroStrategy. Although NPS does not directly invest in cryptocurrencies, it has included cryptocurrency-related stocks such as the U.S. exchange Coinbase in its portfolio since the third quarter of last year.

ChainCatcher news, according to on-chain data analyst @ai_9684xtap monitoring, a new address that built a position in REEF at a low point a month ago has just liquidated 830 million tokens 15 minutes ago, realizing a profit of $1.265 million.It is reported that this address had withdrawn tokens from CEX at an average price of $0.001672 between September 9 and September 14, and only liquidated at $0.0031 after a month.

ChainCatcher message, according to Onchain Lens monitoring, two wallets recently deposited their REEF tokens into HTX, suffering significant losses. Wallet 1 withdrew 180 million REEF (approximately $1.3 million) from Gate on October 12, 2024.Wallet 2 withdrew 630.997 million REEF from Gate between September 23 and 24, at a unit price of $0.005 (approximately $3 million). After a 71.8% price drop within 24 hours, both wallets deposited their tokens into HTX through the same deposit address, resulting in a total loss of $2.36 million (-55%).

ChainCatcher news, according to the official announcement, Binance Futures will update the leverage and margin tiers for the REEFUSDT U-margined perpetual contract on October 16, 2024, at 14:30 (UTC+8). Existing positions before the update will be affected, and users are advised to refer to the updated leverage and margin tiers to avoid forced liquidation. The specific adjustments are shown in the image.In addition, Binance Futures will adjust the funding rate settlement frequency for the REEFUSDT U-margined perpetual contract on October 16, 2024, at 14:30 (UTC+8). The funding rate settlement frequency will be changed from once every eight hours to once every four hours.

ChainCatcher news, according to RootData data, the Reef token (REEF) has increased by 19.04% in the last 24 hours, currently priced at $0.0012.Additionally, the Web3 asset data platform RootData shows that Reef Chain is a Layer 1 blockchain based on Substrate. Its infrastructure also allows for EVM extensions, enabling native token bridging, scheduled calls (i.e., recurring payments), and on-site code upgrades for smart contracts. Through the NFT, Metaverse, GameFi, and DeFi communities, Reef uses a nominated proof-of-stake consensus mechanism to reduce gas costs and enable fast transactions.

According to ChainCatcher news, data from RootData shows that the Reef token (REEF) has increased by 39.39% in the last 24 hours, currently priced at $0.001.Additionally, the Web3 asset data platform RootData indicates that Reef Chain is a Layer 1 blockchain based on Substrate. Its infrastructure also allows for EVM expansion, enabling native token bridging, scheduled calls (i.e., recurring payments), and on-chain code upgrades for smart contracts. Through the NFT, Metaverse, GameFi, and DeFi communities, Reef utilizes a nominated proof-of-stake consensus mechanism to reduce gas costs and facilitate fast transactions.

ChainCatcher news, according to the official announcement, Binance Futures will update the leverage and margin tiers for the REEFUSDT U-margined perpetual contract on July 25, 2024, at 18:30, and for the MAGICUSDT U-margined perpetual contract on July 26, 2024, at 18:30. This update will be completed in approximately 30 minutes. Please note: users' current positions will not be affected.

ChainCatcher news, according to the official announcement, Binance will add observation labels for more tokens on January 4, 2024, and remove seed labels for specific tokens based on recent audits.The tokens added to the observation label list are: Aragon (ANT), Firo (FIRO), Keep3rV1 (KP3R), Mdex (MDX), MobileCoin (MOB), Reef (REEF), Vai (VAI), Monero (XMR), Zcash (ZEC), Horizen (ZEN).The tokens removed from the seed label list are: GMX (GMX), SushiSwap (SUSHI).Compared to other listed tokens, observation label tokens may have higher volatility and risk. We will closely monitor and continue to review. Please be aware that trading these tokens with observation labels carries risks, as these tokens no longer meet the standards they had when listed on our platform, and may be delisted if there is no improvement. Meanwhile, seed labels apply to innovative project tokens, which may also have higher volatility and risk compared to other listed tokens.

ChainCatcher news, Worldcoin stated that within a week of launching the beta version, the registration of World IDs increased by 2 times. The weekly active users of the World App increased by 3 times. The number of accounts created each week increased by 10 times. Additionally, from January to July, the number of World ID registrations rose from 1 million to 2 million, taking less than half the time required for the first million.It is reported that the Kenyan Ministry of Interior stated last week that Worldcoin activities have been suspended until the associated risks can be assessed. German regulators, as well as regulators in France and the UK, are also investigating how the protocol handles sensitive biometric data.

ChainCatcher news, Layer 1 public chain Reef has launched a $10 million accelerator program aimed at supporting, incubating, and investing in Web3 developers, teams, and projects based in the Middle East.This accelerator program is part of Reef's previous $20 million developer support fund. (source link)

ChainCatcher news, Blockstream CEO Adam Back stated that Blockstream had a strong performance in 2022, with revenue growing threefold compared to 2021.ChainCatcher previously reported that on January 25, Blockstream announced the completion of $125 million in convertible notes and secured loan financing to expand its institutional Bitcoin mining custody services. (source link)