{"id":1117,"date":"2023-06-01T11:09:00","date_gmt":"2023-06-01T03:09:00","guid":{"rendered":"https:\/\/insights.digift.io\/?p=1117"},"modified":"2025-08-15T16:54:09","modified_gmt":"2025-08-15T08:54:09","slug":"ether-balance-on-exchanges-hits-all-time-low-beijing-releases-web3-white-paper","status":"publish","type":"post","link":"https:\/\/insights.digift.io\/zh\/ether-balance-on-exchanges-hits-all-time-low-beijing-releases-web3-white-paper\/","title":{"rendered":"Ether balance on exchanges hits all-time low, Beijing releases web3 white paper"},"content":{"rendered":"\n

Weekly Update: 01 June 2023<\/strong><\/p>\n\n\n\n

1) Ether balance on exchanges hits all-time low [CoinDesk]<\/a><\/p>\n\n\n\n

– The introduction of Shapella upgrade has triggered a surge in Ether staking, reducing the balance of Ether held by centralized exchanges to 14.85% according to Glassnode.<\/p>\n\n\n\n

2) Beijing releases web3 white paper [The Block]<\/a><\/p>\n\n\n\n

– Beijing endorses the development of the web3 industry in a recently published white paper, asserting web3 technology as an inevitable progression for the future internet industry.<\/p>\n\n\n\n

3) Binance launches NFT loan feature [CoinDesk]<\/a><\/p>\n\n\n\n

– Binance initiates a new service allowing users to secure Ethereum loans using their NFTs as collateral, with support initially for specific NFT collections.<\/p>\n\n\n\n

4) Bitcoin trades at a 20% discount on Binance Australia following banking issues [CoinDesk]<\/a><\/p>\n\n\n\n

– Bitcoin is trading at a significant discount on Binance’s Australian platform due to suspension of Australian dollar bank transfers caused by issues with a third-party payment service provider.<\/p>\n\n\n\n

5) Bybit obtains preliminary approval in Kazakhstan as a crypto custody service provider [Cointelegraph]<\/a><\/p>\n\n\n\n

– Bybit, the cryptocurrency exchange, receives “in-principle” approval from Kazakhstan regulators to operate as a digital asset trading facility and provide custody services.<\/p>\n\n\n\n

6) Bybit follows Binance in departure from Canadian market [The Block]<\/a><\/p>\n\n\n\n

– Bybit announces its exit from the Canadian market in response to regulatory changes, mirroring Binance’s earlier decision.<\/p>\n\n\n\n

7) Crypto ecosystem distances from Multichain amid technical issues [CoinDesk]<\/a><\/p>\n\n\n\n

– Rumors and technical issues prompt key players in the crypto ecosystem, including Binance, to distance themselves from Multichain, a significant protocol for moving assets across blockchains.<\/p>\n\n\n\n

8) Japan launches digital yen pilot project [Cointelegraph]<\/a><\/p>\n\n\n\n

– The Bank of Japan progresses with its central bank digital currency (CBDC) initiative, launching the pilot project after successfully completing the second phase of its proof-of-concept experiment.<\/p>\n\n\n\n

9) Stablecoin issuer Tether to mine bitcoin in Uruguay [The Block]<\/a><\/p>\n\n\n\n

– Tether, the largest stablecoin issuer, branches into Bitcoin mining and energy production in Uruguay, collaborating with an undisclosed local company.<\/p>\n\n\n\n

10) Temasek trims compensation for execs tied to $275M FTX investment [Cointelegraph]<\/a><\/p>\n\n\n\n

– Despite finding no internal misconduct, Singapore-based Temasek Holdings cuts compensation for executives responsible for the firm’s investment in the now-defunct crypto exchange FTX.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance launches NFT loan feature<\/p>","protected":false},"author":256897719,"featured_media":2453,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"page_builder":"","_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[1,132582],"tags":[],"class_list":["post-1117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","category-market-decoded"],"acf":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2023\/06\/DigiFT-Weekly-26-May.jpg?fit=1173%2C620&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pg7Ide-i1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/1117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/users\/256897719"}],"replies":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/comments?post=1117"}],"version-history":[{"count":2,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/1117\/revisions"}],"predecessor-version":[{"id":1120,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/1117\/revisions\/1120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media\/2453"}],"wp:attachment":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media?parent=1117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/categories?post=1117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/tags?post=1117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}