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tabi

Tabi is a blockchain project or platform that may involve decentralized finance (DeFi) or other blockchain applications. It may provide a user-friendly interface and tools to help users manage digital assets or participate in the blockchain ecosystem. The specific features and technical implementations need to be understood in detail based on the project's official materials.
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Bloomberg: After $6.3 billion was stolen, Binance increased some market maker commissions to stabilize liquidity

According to Bloomberg, after Binance experienced a record $6.3 billion hack, it has increased incentives for some market makers trading on the platform to boost trading activity. Sources familiar with the matter revealed that shortly after the security breach, the company reached out to smaller trading firms to offer higher commissions in the spot and futures markets.Sources indicated that during this week-long initiative, so-called level 2 and level 3 market makers would receive the same commission rates as level 4 participants, which is the highest tier on the platform. The sources added that these changes are aimed at providing greater financial incentives for smaller liquidity providers to quote on the trading platform and maintain a deeper order book.According to information on its website, Binance primarily categorizes market makers into different tiers based on the liquidity they provide, with companies offering larger trading volumes qualifying for higher tiers, typically receiving larger commissions, thereby reducing their trading costs. A Binance spokesperson stated that the latest measures following the security breach help to calm the market and noted that, just as prioritizing clear communication is important, the company took immediate action to maintain its core competitive advantage in liquidity. According to data from Talos, within 24 hours after the hack, the depth of the Bitcoin order book on Binance dropped by about 30%, with the depth within a 1% price range falling from $45 million to $32 million.

first_img CSRC: Make every effort to stabilize the market and expectations, and enhance the resilience of the capital market

According to the Science and Technology Innovation Board Daily, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, presided over a Party Committee (expanded) meeting on October 30, conveying and studying General Secretary Xi Jinping's important speech and the spirit of the Fifth Plenary Session of the 20th Central Committee of the Communist Party, and researching and deploying measures for implementation. The meeting emphasized that deeply studying and implementing the spirit of the plenary session is a major political task for the current and future period. The CSRC system must seriously organize and carry out interpretation and training comprehensively and categorically.The meeting proposed to continue to focus on solving prominent problems and to promote a rapid surge in learning, publicity, and implementation. At the same time, it is necessary to fully leverage the political leadership and political guarantee role of strict governance of the Party, firmly establish a sense of overall situation and systematic thinking, make every effort to stabilize the market and expectations, deepen comprehensive reforms in investment and financing, improve the full-chain regulatory system, continuously enhance the resilience and confidence of the capital market, and ensure the successful completion of all tasks in the capital market in the first year of the 14th Five-Year Plan.
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