ImportantKey Market Updates Overnight (October 18 – October 19)
A whale withdrew ARB and UNI worth $2.34 million from a CEX, coinciding with ARB's single-day unlock of over 90 million tokens. Whale address 0x204 withdrew approximately $2.34 million worth of Arbitrum (ARB) and Uniswap (UNI) tokens from Bybit within a 2-hour window. Notably, Arbitrum unlocked more than 90 million ARB tokens earlier this week. Despite ongoing token unlock pressure, ARB price has posted significant gains recently and maintained elevated levels over the past month. Bloomberg: Hyperliquid is pushing the U.S. to establish rules that protect blockchains and assign regulatory oversight at the application layer. Jeff Yan, co-founder of Hyperliquid Labs, is advocating for the U.S. to formulate regulatory frameworks that safeguard its underlying blockchain, arguing that Hyperliquid's regulatory obligations should fall on financial institutions that operate trading markets on top of the blockchain.
Source: PANewsRead original
- #Whale
- #Restaking