Binance Withdrawal: Newly Created Wallet Takes $12.44M in LINK

A newly created wallet withdrew 744,000 LINK from Binance, worth approximately $12.44 million, with an average price of $16.7. This sudden withdrawal suggests a significant move in the LINK market, potentially impacting its value. The timing of the withdrawal, just two hours after the wallet's creation, raises questions about the motivations behind this action.

Coinbase has announced its intention to list Binance's BNB token, following a public debate over listing standards between the two crypto exchanges. The decision comes after a series of discussions and clarifications regarding the listing process.

The debate was initiated by CJ Hetherington, CEO of Limitless Labs, who claimed that Binance requires a 2 million BNB security deposit for token listings, while Coinbase prioritizes project value on its Base chain. Jesse Pollak, who leads the Base team at Coinbase, stated that listing a token on an exchange "should cost 0%". In response, Binance initially called some of Hetherington's claims untrue and harmful, but later clarified that it does not charge fees for token listings.

Coinbase has updated its roadmap to include BNB, indicating its intent to support the token. Changpeng Zhao, the former CEO of Binance, welcomed Coinbase's decision and encouraged the exchange to support more projects built on the BNB Chain.

Meanwhile, a newly created wallet withdrew 744,000 LINK from Binance, worth approximately $12.44 million, with an average price of $16.7. This sudden withdrawal suggests a significant move in the LINK market, potentially impacting its value. The timing of the withdrawal, just two hours after the wallet's creation, raises questions about the motivations behind this action.