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Techub News reports, according to Arkham data, Wintermute transferred 3,000 Ethereum to DBS Bank 10 minutes ago, worth approximately $6.16 million.
Techub News reports, according to The Data Nerd monitoring, DBS Bank transferred 3 million USDC to Galaxy Digital one hour ago.
Techub News reports, according to monitoring by The Data Nerd, DBS Bank received approximately 2,500 Ethereum (worth about $5.85 million) from Wintermute in the past hour. Over the past week, DBS Bank has accumulated a total of 24,898 Ethereum (worth approximately $61.34 million) from Wintermute, with an average entry price of about $2,463.
Techub News reported, according to Tech in Asia, cryptocurrency exchange Crypto.com has expanded fiat currency payment options for Singapore users, who can now deposit and withdraw Singapore Dollars and US Dollars via DBS Bank. DBS Bank will allow Crypto.com to establish client money accounts. Crypto.com stated this move will accelerate the transfer speed of SGD and USD within the app and claimed its services comply with the regulatory framework of the Monetary Authority of Singapore (MAS).
Techub News reports, according to The Data Nerd monitoring, an address labeled as DBS Bank Singapore received 2,000 ETH, worth approximately $6.27 million, from an address labeled as suspected GSR Markets 7 hours ago.
Techub News: According to The Standard, Sebastian Paredes, CEO of DBS Hong Kong, warned that Hong Kong's new stablecoin anti-money laundering (AML) and know-your-customer (KYC) regulations will significantly restrict the use of stablecoins in on-chain derivatives trading. Paredes stated that banks will monitor related developments but will focus on building broader stablecoin capabilities in Hong Kong. Hong Kong launched a new stablecoin regulatory framework on August 1, immediately criminalizing the promotion of unauthorized stablecoins and establishing a public registry for authorized issuers.
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