ChainCatcher news, citing CCData reported by BeInCrypto, in June, the trading volume of stablecoins on centralized exchanges fell to the lowest point in seven months, decreasing by 18% to $97 billion.Despite the decline in trading volume, the total market capitalization of stablecoins grew by 0.53%, reaching $161 billion, the highest level since April 2022, although the growth rate has slowed since May. Amid increasing market uncertainty, investors are seeking safe havens, and the market share of stablecoins rose from 6.22% in May to 6.83% in June. USDT remains dominant, with a market share of 70%, while other stablecoins like Ethena's USDe also saw significant growth. The overall slowdown in trading volume reflects broader market uncertainty.

ChainCatcher message, Cryptoquant.com data shows that the Bitcoin reserves of centralized exchanges are declining. From May 13 to June 13, centralized exchanges saw an outflow of 105,706 BTC, worth $7.05 billion. Ethereum also decreased by 1.08 million during the same period, worth $3.7 billion.Meanwhile, the amount of ERC20 stablecoins across all exchanges slightly increased from $21.46 billion to $22.09 billion.

ChainCatcher news, according to The Block, the trading volume of centralized exchanges had already significantly decreased before the SEC sued Binance and Coinbase. The Block Research's legitimate trading volume index shows that in May, the trading volume of centralized exchanges was $307.4 billion, a decrease of 23.2% from April, marking the lowest monthly trading volume since November 2020.Meanwhile, decentralized trading volume slightly increased from $60.52 billion in April to $67.51 billion last month. (source link)

ChainCatcher message, according to Glassnode data, the amount of stablecoins held by centralized exchanges has fallen below $20 billion, the lowest level since April 2021. (source link)

ChainCatcher news, Twitter KOL Yu Jin stated that an address received 8 million STG from a [Stargate Finance](https://www.rootdata.com/zh/Projects/detail/Stargate Finance?k=MTA2NA==) multi-signature address 61 days ago, and half an hour ago transferred 4 million STG (approximately 2.88 million USD) to several centralized exchanges. Among them, 2 million were transferred to Binance, 1 million to Gate, 500,000 to Bybit, and 500,000 to Crypto.com.Yu Jin analyzes that this transfer is likely the implementation of a proposal passed by Stargate DAO two months ago: to provide 8 million STG to market maker GSR for market making. (Source link)

ChainCatcher news, according to a report from CryptoCompare, the trading volume of centralized exchanges decreased by 46% during 2022. Among all exchanges, Binance achieved a market share of 66.7% in December, up from 48.7% at the beginning of the year, but Binance's spot trading volume fell by 45.3% to $5.29 trillion.The report states that among the 11 tracked exchanges, only Binance and Bybit saw an increase in market share every quarter of 2022. In December, Coinbase ranked second in market share with 8.2%, down from 10.1% at the beginning of the year. Following Coinbase is OKX, which had a market share of 5.9% in December, down from 10.7% at the start of 2022. (source link)

ChainCatcher news, Binance's Chief Strategy Officer Patrick Hillman stated that centralized exchanges may no longer exist in 10 years as the cryptocurrency market is moving towards decentralized finance (DeFi).When discussing Binance's proof of reserves issue, Patrick Hillman explained, "This will be a multi-step process, including the introduction of third-party auditors, and it will take time to address the scope and scale of the audits required for Binance." Although he did not disclose the specific amount of funds held in the company's accounts, Patrick Hillman stated that Binance is "confident" in its reserves. (CoinDesk)

ChainCatcher news, Zhao Changpeng shared six commitments that a healthy centralized exchange should adhere to on the official blog, which are: 1) Customer funds should not be risked. 2) Never use self-issued tokens as collateral. 3) Share real-time proof of assets. 4) Maintain sufficient reserves. 5) Avoid excessive leverage. 6) Strengthen and enforce security protocols.ChainCatcher previously reported that Zhao Changpeng is actively creating an industry organization to collaborate with global regulators and is committed to establishing a recovery fund for projects affected by FTX. (source link)

ChainCatcher news, according to CryptoQuant data, the cryptocurrency balances on centralized exchanges have dropped to the lowest level since November 2018. (source link)

ChainCatcher news, according to Bloomberg, CryptoQuant data shows that in the week starting November 6, centralized exchanges saw outflows of $3.7 billion in Bitcoin, $2.5 billion in Ethereum, and over $2 billion in Stablecoins. (Source link)