News linked to both this project and an event.
According to Yu Jin’s monitoring, Bio Protocol recently launched a BIO staking-based IDO over the past two days, after which BIO surged by over 100%. Shortly after BIO’s rapid price increase, Bio Protocol’s multisig wallet transferred 80 million BIO tokens (approximately $5.15 million) to Binance and OKX eight hours ago.
According to an official announcement, Coinbase has suspended trading of 25 perpetual contracts, as previously announced. All outstanding positions in these contracts have been automatically settled at the final settlement price. The affected contracts include TRB, RARE, NEIRO, A, ME, XTZ, KMNO, RAY, STX, ENS, GMT, SNX, 1000FLOKI, 0G, ORDI, NIL, BIO, UMA, BEAM, INIT, SOMI, EGLD, CLANKER, SOPH, and BIGTIME. The final settlement price was calculated as the average index price over the 60 minutes preceding the suspension. Coinbase stated that this action aims to focus on products that consistently meet liquidity and market quality standards, and that it will accelerate the launch of new perpetual contracts by optimizing internal processes.