ChainCatcher news, according to the official announcement, Binance will remove the following spot trading pairs and cease trading:January 10, 2025, 11:00 (UTC+8): AXL/FDUSD, C98/BTC, ENJ/ETH

ChainCatcher news, according to Spot On Chain monitoring, 3 hours ago, DWF Labs deposited 500,000 AXL (approximately $420,000) to Binance.Currently, DWF Labs still holds 2.5 million AXL (approximately $2.1 million).

ChainCatcher news, the cross-chain interoperability network Axelar (AXL) Foundation will collaborate with blockchain analytics company Metrika to host a panel discussion at the Zero Point Forum in Zurich from July 1 to July 3. The discussion will focus on insights derived from specific papers and challenges related to asset tokenization, while hosting representatives from Citibank, Deutsche Bank, and Mastercard.

ChainCatcher news, Binance Research has released a report on "The Road to One Billion On-Chain Users": The adoption rate of blockchain networks is significantly slower than that of social media networks, and decentralized systems are inherently more complex than centralized systems. Many blockchain projects are dedicated to creating decentralized alternatives for existing centralized products and services.The report studies three types of future users: institutions, retail investors, and cryptocurrency skeptics. For institutions, deep liquidity is required to execute trades effectively and efficiently with capital. The current multi-chain world results in liquidity being fragmented across multiple independent distributed ledgers and Layer 2s. The lack of blockchain interoperability also forces institutions to decide on adopting specific blockchain ecosystems. Meanwhile, chain abstraction has become an important development in bringing institutions on-chain.The report introduces the cross-chain interoperability protocol Axelar (AXL) as a case study, noting that Axelar (AXL) has achieved some initial success in collaborating with institutions to promote blockchain development: In November 2023, the Axelar (AXL) team successfully conducted a proof-of-concept collaboration with JPMorgan's blockchain platform Onyx, which utilized Axelar's cross-chain technology to achieve interoperability with private and permissioned blockchains.In May 2024, Deutsche Bank announced a partnership with Interop Labs, the team behind the Axelar (AXL) network project. Interop Labs will support Deutsche Bank's participation in the asset tokenization testing project led by the Monetary Authority of Singapore (MAS) — Project Guardian. Deutsche Bank aims to explore the capabilities of open architecture and interoperable blockchain platforms.

ChainCatcher news, according to Lookonchain monitoring, as the price of CRV drops, a user has just been liquidated for 10.58 million CRV (approximately 3.3 million USD) on Fraxlend.

ChainCatcher news, the Axelar Foundation, along with traditional financial giants such as Citibank, Deutsche Bank, and Mastercard, has released a joint research report titled "Institutional Interoperability: How Financial Institutions Navigate a Multi-Chain World." The report primarily explores how to enhance the accessibility and liquidity of tokenized assets while ensuring flexibility, privacy, transparency, and scalability. Notably, Deutsche Bank recently announced a partnership with Interop Labs to use Axelar for interoperable blockchain projects.This report provides financial institutions with a roadmap for developing opportunities in tokenized assets, which will face a range of complex public and private blockchains, as well as stringent requirements imposed by clients and regulations.Georgios Vlachos, board member of the Axelar Foundation and co-founder of Axelar, stated that tokenized assets must be designed with interoperability in mind, connecting off-chain ledger assets with on-chain assets. The key is how we can facilitate potentially thousands of connections between on-chain and off-chain ledgers in a secure, scalable, and open manner.

ChainCatcher news, according to CryptoSlate, Deutsche Bank is collaborating with Interop Labs (the initial development team of Axelar Network) to join the Project Guardian, sponsored by the Monetary Authority of Singapore, which aims to establish new standards for blockchain interoperability and asset tokenization.Interop Labs CEO Sergey stated, "Secure blockchain interoperability is a prerequisite for unlocking the trillion-dollar potential of asset tokenization, and Axelar is the key infrastructure for institutional adoption."Previously, Axelar had collaborated with JPMorgan's digital asset platform Onyx and Apollo to successfully experiment with how to use smart contracts to manage client portfolios at scale.

ChainCatcher news, DWF Labs announced that DWF Liquid Markets has officially launched the tokens of Axelar (AXL), Dechat (DECHAT), AIOZ Network (AIOZ), Mobox (MBOX), ZKBase (ZKB), Unizen (ZCX), and Polytrade (TRADE).

ChainCatcher news, according to Lookonchain monitoring, DWF Labs received 2.5 million AXL (approximately 1.95 million USD) at an average price of 0.78 USD on December 8, 2023, and received another 2.5 million AXL (approximately 2.95 million USD) at an average price of 1.18 USD on February 14.DWF Labs currently holds 5 million AXL (approximately 12 million USD), with unrealized profits exceeding 7 million USD.

ChainCatcher news, according to @ai_9684xtpa's monitoring, a certain whale has deposited AXL tokens accumulated two weeks ago into Binance and Bitvavo. This address transferred 1 million AXL from Bybit at an average price of $1.25 between February 16 and February 19. Two hours ago, it transferred to a transit address and then deposited 770,000 into the trading platform, currently realizing a total profit of $1.09 million.

ChainCatcher news, according to on-chain analyst Ai Yi's monitoring, 10 minutes ago, an address that built a position in AXL three months ago deposited 436,000 tokens into Binance, with an unrealized profit of 720,000 USD.This address purchased 436,000 AXL at an average price of 0.7912 USD on-chain between December 07, 2023, and December 17, 2023, with no transfers or sales in the nearly three months since.

ChainCatcher news, market data shows that AXL has broken through 2.2 USDT, currently reported at 2.23 USDT, with a 24-hour increase of 43.30%, setting a new historical high.

ChainCatcher news, according to Spot On Chain monitoring, a trader earned $56,028 (+11.21%) in 8 minutes. After Binance announced the listing of Axelar (AXL), a trader quickly spent 500,000 USDT to buy 317,322 AXL. As the AXL price surged by 23%, the trader sold these tokens and obtained 556,000 USDT.

ChainCatcher news, according to the official announcement, Binance will list Axelar (AXL) on March 1, 2024, at 19:30 (UTC+8), and will open the following spot trading pairs:Spot trading pairs: AXL/BTC, AXL/USDT, AXL/FDUSD, AXL/TRYAXL deposit channel is now openAXL withdrawals are expected to open on March 2, 2024, at 19:30 (UTC+8)The listing fee for AXL is 0 BNB.

ChainCatcher news, according to the official announcement, Bithumb will launch the Axelar (AXL) and Yield Guild Games (YGG) Korean won markets, with trading expected to open at 5 PM.

ChainCatcher news, according to @ai_9684xtpa monitoring, about 10 hours ago, DWF Labs received 2.5 million AXL, worth approximately 1.93 million USD. This is the first time DWF has received AXL tokens on-chain, and the token has increased by 96% in the past 30 days.