ChainCatcher news, according to Whale Alert monitoring, 400 million XRP (1.136 billion USD) was unlocked from the custody account just over ten minutes ago.It is reported that Ripple locked 55 billion XRP (55% of the total supply) in a custody account based on the XRP Ledger in 2017. These custody accounts are controlled by smart contracts, automatically unlocking 1 billion XRP each month (before 2020, it was 1 billion per month, later adjusted to 450 million per month). Not all of the 1 billion XRP unlocked each time enters the market; Ripple typically only uses a portion of the unlocked tokens (such as 20%-25% for market sales), while the remaining portion is re-locked in custody for release in future months. In 2020, Ripple extended the custody contract from 55 months to 70 months, further slowing the release rate.

ChainCatcher news, according to Whale Alert monitoring, at 22:20:51 UTC+8 today, 100 million XRP (worth $283.89 million) were unlocked from custody.In 2017, Ripple locked 55 billion XRP (55% of the total supply) in custody accounts based on the XRP Ledger. These custody accounts are controlled by smart contracts, automatically unlocking 1 billion XRP each month (1 billion per month before 2020, then adjusted to 450 million per month). Not all of the 1 billion XRP unlocked each time enters the market; Ripple typically uses only a portion of the unlocked tokens (such as 20%-25% for market sales), while the remaining portion is re-locked in custody for release in future months. In 2020, Ripple extended the custody contract from 55 months to 70 months, further slowing the release rate.

ChainCatcher news, OKX CEO Star posted on social media that self-custody wallets, stablecoins, and RWA are the three tiers of crypto finance. Over the past few years, wallet experiences have significantly improved, stablecoins have become increasingly popular, and now an exciting change is happening. OKX will attempt to add compliance modules within self-custody wallets, believing that custodian accounts will fade into history.

ChainCatcher news, regarding the transfer of 2.694 billion ARB by the Offchain Labs team to 140 EOA addresses along with the Future team and advisors, Arbitrum DAO community member eli responded that these tokens are being transferred to a custodial account at CoinBase, aiming to utilize CoinBase's custodial unlock service.Additionally, eli has suggested that the Offchain Labs team clarify this matter through their official Twitter. (source link)

ChainCatcher news, a U.S. federal judge has approved a settlement agreement between Celsius debtors, the unsecured creditors committee, and a special committee of custodial account holders. Celsius custodial account holders who choose the newly approved settlement agreement can receive 72.5% of their cryptocurrency in their custodial accounts. According to the terms of the agreement, the 72.5% fund return will be implemented gradually, excluding transaction fees. (The Block)