withdrawal

Regarding the details of the withdrawal announcement released by Bitmart, WOO X ambassador Baki posted on the X platform, "BitMart is restricting user withdrawals for security reasons, and its operation to disable the automatic withdrawal function may result in a large number of users being unable to complete fund withdrawals. The platform has changed the withdrawal process to manual review, requiring users to submit account identity and KYC information verification, login device and IP address and account security status verification, withdrawal address and blockchain transaction risk review, source of funds and transaction history review, Travel Rule compliance and sanctions screening, and other regulatory checks. If necessary, additional documents such as proof of identity, proof of address, proof of source of funds, or proof of ownership of the withdrawal address may also be required."Baki suggested that users with P2P options could withdraw to their bank accounts through that channel; he also emphasized that the crypto market is not decentralized but controlled by a few large groups, exchanges, and funders.

According to crypto KOL Crypto Fearless, the BitMart platform token BMX plummeted over 60% yesterday. Subsequently, some users in the community reported that the withdrawal review time has significantly increased compared to usual, and other users stated that hundreds of U withdrawals initiated in the morning have not yet arrived.Currently, BitMart has not issued a public statement regarding the withdrawal delays. Considering that withdrawal anomalies are often a precursor to platform risks, Crypto Fearless advises users still holding assets on BitMart to withdraw their funds as soon as possible.

According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0x9BF...4564a withdrew 4,819 ETH (approximately 9.35 million USD) from the exchange on February 8 at an average price of 1,941.25 USD, marking its first operation after being dormant for two years since March 2024.During the holding period, the account's unrealized loss once reached as high as 1.8 million USD. Half an hour ago, the address deposited 1,200 ETH to Gate exchange, and if sold at the current price, it would only incur a loss of about 20,000 USD, essentially close to breaking even.

According to a report by CryptoSlate, BitMine's Ethereum staking and validation business heavily relies on the third-party operator Ethereum Tower. According to the relevant management service agreement, Ethereum Tower holds an irrevocable interest of 2% in MAVAN, and the initial term of the agreement lasts for up to 10 years; if BitMine terminates the cooperation early under non-specific default circumstances, the other party can still choose to continue receiving revenue sharing for the remaining term or receive a one-time compensation according to a formula.Documents show that in the three months ending May 31, 2026, BitMine's staking and validation business revenue was $45.743 million, accounting for 98.3% of total revenue of $46.535 million. During the same period, the company held approximately 5.4169 million ETH, valued at about $10.856 billion, of which approximately 4.7187 million had been used for staking. The report suggests that this means BitMine's revenue performance is not only dependent on Ethereum staking returns but is also significantly constrained by third-party management relationships and potential termination costs.

According to an official announcement from Zilliqa, the project team has learned that a security incident occurred with one of its exchange partners, resulting in the theft of some ZIL from cold wallets. The incident is currently under joint investigation by various parties, and the specific scale and cause of the theft have not yet been disclosed.As a precautionary measure, Zilliqa has notified all exchanges to temporarily suspend ZIL deposits and withdrawals to prevent the stolen funds from being transferred or sold through centralized platforms. The team stated that further updates will be released once they have accurate information and reminded users to only pay attention to official channels.

UPBIT will end trading support for Tottenham Hotspur (SPURS) on August 18, 2026, at 15:00. The affected trading pair is SPURS/BTC. Users must complete withdrawals before September 18, 2026; otherwise, the related assets will not be processed.

Bitget officially launched the platform-level yield product "Cash Plus," providing users with a brand new stablecoin savings service, initially supporting USDT / USDC. This product balances yield, liquidity, and capital efficiency, allowing users to enjoy daily compound earnings during the holding period, with 1:1 redemption available at any time, real-time fund arrival, and zero fees with no wear and tear. The initial annualized yield rate referenced at the product launch is 4% APR, and actual earnings will be dynamically adjusted based on market conditions.According to the plan, Cash Plus will be further integrated into Bitget's Unified Trading Account (UTA) in the third quarter. After the integration, the Cash Plus balance will continue to generate earnings while being directly used as trading margin, achieving a "trade while earning interest" capital reuse experience.

According to monitoring by Lookonchain, the K3Capital associated wallet (0x4352...3b4f) withdrew 10,000 ETH from Binance, worth $178 million; Abraxas Capital withdrew 6,948 ETH from Binance and Bitfinex, worth $124 million.

According to The Block, Binance Co-CEO Richard Teng stated at the Reuters NEXT Asia summit in Singapore that after Binance suspended services to some EU users, about 70% of users' withdrawal assets flowed to self-custody wallets, with only 30% transferred to licensed platforms that comply with MiCA regulatory requirements.Richard Teng indicated that this data raises questions about the regulatory goals of MiCA. He pointed out that self-custody wallets are not subject to the anti-money laundering (AML) and KYC regulatory frameworks of regulated trading platforms, and the risk may actually increase once user assets are transferred to self-custody.Previously, Binance proactively withdrew its application for a MiCA license in Greece after it failed to be approved before the July 1 transition deadline, and suspended related services to affected EU users. Richard Teng stated that Binance has not given up on the European market, and several EU countries have invited it to reapply for local licenses, although he did not disclose specific countries.In addition, Richard Teng mentioned that Binance plans to continue accelerating its expansion in the Asian market, having already obtained relevant licenses or permissions in markets such as Japan, South Korea, Thailand, Indonesia, Australia, India, and Pakistan, and expects to gain more regulatory approvals this year. Currently, Binance's global user base has increased to approximately 323 million.

According to DeFiLlama data and X user @y_cryptoanalyst's post, MegaETH's total value locked (TVL) across the chain has dropped to approximately $31.18 million, a decrease of 59.44% in the last 24 hours. Among them, the TVL of the leading on-chain protocol Aave V3 is approximately $11.09 million, down 80.10% in the last 24 hours and down 86.34% in the last 7 days.From DeFiLlama data, Aave V3 remains the largest source of TVL for MegaETH, and its capital fluctuations have significantly impacted the overall chain data. The user stated that this round of significant TVL withdrawal for MegaETH is closely related to the capital outflow from Aave V3, bluntly saying "Success comes from Aave, failure also comes from Aave."

According to official news, the cryptocurrency trading platform AscendEX has announced that it will cease operations, attributing the reasons to the current market environment and the impact of the EU's Markets in Crypto-Assets Regulation (MiCA).In response, on-chain detective ZachXBT pointed out that AscendEX's public hot wallet currently lacks sufficient liquid assets to cover the verified withdrawal demands of users amounting to millions of dollars. Affected users are advised to report to law enforcement and regulatory authorities in their respective countries or regions to hold AscendEX co-founder George (Jing) Cao accountable.

According to monitoring by Catcher Predict, in the "Graham Platner Withdrawal Prediction" event on the prediction market Polymarket, the winning probability of the "Yes" option in the sub-market "July 8" has experienced significant fluctuations, soaring from 44% an hour ago to the current 64.5% (a fluctuation of 20.5%). Please note the impact of related breaking news.

According to Onchain Lens monitoring, a newly created wallet withdrew 323.72 BTC from Binance in the past hour, worth 20.59 million dollars.

According to Cointelegraph, data from DefiLlama shows that Binance experienced a net outflow of $1.23 billion in the week starting June 29, an increase of 207% compared to the previous week's outflow of about $400 million, with a total monthly net outflow of approximately $3.2 billion. CryptoQuant reported that the number of ETH withdrawal transactions from Binance exceeded 166,000 in a single day, reaching the highest level in over three years.During the same period, ETH rose approximately 12.5% over the past seven days, trading at $1,766 at the time of writing; BTC increased by 4.3% during the same period, trading at $62,925 at the time of writing. DefiLlama data shows that Bitfinex had an outflow of $407.5 million in the past week, Gate had an outflow of $214.3 million, OKX had an outflow of $87.1 million, and Bybit had an outflow of $78.4 million; Crypto.com and HashKey Exchange saw net inflows of approximately $63 million and $53.3 million, respectively, while KuCoin, Gemini, and Bitvavo had net inflows of $22.1 million, $17.4 million, and $15.8 million, respectively.

UPBIT will end trading support for Alpha Quark (AQT) on August 3, 2026, at 15:00. The affected trading pairs are AQT/KRW and AQT/BTC. Please complete withdrawals before the deadline; deposits for this asset will no longer be accepted after trading support ends.

According to Onchain Lens monitoring, a newly created wallet withdrew 733 BTC from Binance, worth 45.18 million dollars.

According to on-chain detective ZachXBT, multiple reports indicate that the centralized cryptocurrency exchange AscendEX (formerly Bitmax) has recently delayed or failed to process users' withdrawal requests for several days or even weeks, yet the platform continues to accept user deposits.As early as the initial warning on June 26, ZachXBT pointed out that, after reviewing on-chain data from Arkham and TRM, several known hot wallets of AscendEX (covering EVM, Tron, and Solana networks) severely lack major market cap tokens such as ETH, USDT, and SOL, indicating that the platform is likely facing a serious liquidity crisis.The latest situation shows that, in the 9 days since the first warning, the official X account of AscendEX has remained inactive, and the platform's co-founder George (Jing) Cao has not responded to inquiries from users with large amounts of trapped funds. Currently, ZachXBT strongly advises users unable to withdraw their funds to report to law enforcement and regulatory agencies in their respective countries or regions as soon as possible.It is reported that AscendEX was founded by George (Jing) Cao and Ariel Ling in 2018. In December 2021, the platform was attacked by the hacker group Lazarus Group, resulting in approximately $78 million in asset losses.

Binance's co-CEO Richard Teng issued a statement regarding the MiCA regulatory transition, stating that user asset security is a priority, and affected users can continue to use the notified options, including withdrawal functions. Binance is directly communicating with affected users about the next steps and available options, and advises users to contact customer service through official channels. Teng stated that the team's focus is on providing clear guidance, service continuity, and confidence for users during the transition period.

According to Protos, the Estonia-based cryptocurrency exchange Coinmetro has announced that it has submitted a restructuring application to the local court. The platform stated that this move is due to "a special situation caused by the bankruptcy of a financial service provider," and has fully suspended user registration, deposits, and withdrawals since June 22.Coinmetro CEO Kevin Murcko revealed that the failure of the related provider actually occurred years ago, but as the July 1 deadline for compliance with the EU's Markets in Crypto-Assets Regulation (MiCA) approaches, this legacy funding gap has had a substantial and fatal impact on the company's balance sheet. Additionally, reports indicate that Coinmetro is currently facing issues in Estonia, including overdue annual reports and unpaid taxes, and was sued last August by the bankruptcy trustee Prime Trust, seeking to recover approximately $1.2 million that was withdrawn before its collapse.

According to Cointelegraph, Binance recorded over $400 million in net outflows this week after the exchange announced the withdrawal of its MiCA license application in Greece.According to DefiLlama data, the net outflow this week accounted for 0.3% of Binance's tracked assets ($133.3 billion). On Wednesday (the day the withdrawal was announced), the net outflow was $1.96 billion, followed by outflows of $2.52 billion and $1.46 billion over the next two days.The EU MiCA transitional period is currently in its final stage, and starting from July 1, platforms that are not authorized under MiCA will no longer be able to provide related services to EU users. Binance has begun notifying some EU users to transfer their funds to self-custody wallets or other exchanges.Binance co-founder He Yi stated that although the European market accounts for only about 1% of its spot trading volume, the company still values this market and will continue to advance its MiCA license application.