ChainCatcher news, according to the official announcement, Binance has announced that to comply with EU regulatory requirements, it will adjust the cryptocurrency deposit and withdrawal processes for users in Poland and Belgium starting from January 20, 2025.The new regulations require that deposit transactions exceeding €1,000 (or equivalent currency) must provide sender information, and withdrawals of any amount must provide recipient information, including full name, country, and exchange name (if applicable). If users fail to provide the relevant information, transactions may be delayed or returned.

ChainCatcher news, according to Caixin, on Friday the Federal Reserve's overnight reverse repurchase agreement (RRP) usage was $155.476 billion, a new low since 2021, down from $201.278 billion the previous trading day. The number of participating counterparties was only 41, significantly lower than the usual levels.

ChainCatcher message, SEC Chairman Gary Gensler stated during his appearance on Bloomberg TV that exchanges like Binance are fabricating trading volumes and have corruption issues. Crypto platforms are only creating wealth for themselves, and they are acting as counterparties to their users. The SEC finds it hard to trust these "casino operators" to protect investors' interests. The institutional boundaries and business models applicable to crypto systems have not been seen in any other financial sector. (Source link)

ChainCatcher message, Circle posted on Twitter that Circle Yield is an over-collateralized fixed income product, with Genesis as Circle's counterparty in this product.As of November 16, 2022, the total outstanding loans for Circle Yield customers amounted to $2.6 million and are protected by robust collateral agreements. The outstanding loan balance remains over-collateralized, and Circle will ensure that the loans are shielded from potential losses. (source link)

ChainCatcher news, Grayscale Investments stated that the security of the digital asset products held by investors is not affected by recent market events. Genesis Global Capital, a subsidiary of Grayscale's Genesis Global Trading, announced the suspension of redemptions and new loan issuances. Genesis Global Capital is not a counterparty or service provider for any Grayscale products.Grayscale products continue to operate as usual, and recent events have not impacted product operations;The underlying assets of the products remain safe and secure, stored in Coinbase cold storage isolated wallets;Grayscale does not borrow, lend, re-mortgage, or otherwise pledge the underlying assets of the products, and custodians are prohibited from engaging in such activities;Publicly quoted products continue to trade and generate reports and audited financial statements for the U.S. Securities and Exchange Commission and over-the-counter markets. (Source link)