16 Oct 202314:28
Project update
Crypto Events recap, October 14-16

Crypto Events recap, October 14-16


Completed its 25th quarterly $BNB token burn of 2,139,182.98 tokens, worth around $455M. There is a total of 48,964,262 $BNB tokens burned, worth around $10.4B at the current rate. The latest quarterly burn includes the actual burning of 314.69 $BNB via the Pioneer Burn Program.

Trust Wallet

Launched a major upgrade to introduce a new brand identity with an updated browser extension and mobile app. The new app includes a reorganized main screen with the next updates: user-centric layout, smooth wallet switching, and quick-copy wallet address option.


Bagged the most rewards at 12M ARB, worth just over $10M as part of a short-term incentives program (STIP) round by Arbitrum.


The mobile app was removed from the IOS App Store for a few hours on Saturday, October 14th. The app is now available in App Store.


Will start accepting crypto for luxury car payments in the U.S. and plans to expand the payment to Europe soon.


Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license.


Hit by a third-party security breach that led to the exposure of personally identifiable information of some of its clients.


Stablecoin issuer has frozen funds in 32 cryptocurrency addresses linked to terrorism and warfare in Israel and Ukraine.

Membrane Labs

Raised $20M in Series A funding from Brevan Howard, Point72, Jane Street, Electric Capital, Jump Crypto, and others.

Australian Government

The Australian Treasury plans to require platforms that hold a threshold of assets to obtain an AU Financial Services Licence.