jesseashton

Shieldeum Makes Its Mark: Token Launch on KuCoin and IDO on ChainGPT Platform! Shieldeum, a groundbreaking initiative leveraging decentralized physical infrastructure (DePIN) and powered by artificial intelligence, is gearing up for a pivotal moment: the listing of its token on the KuCoin exchange! But that’s just the beginning. The project has also introduced its Decentralized Initial Offering (IDO) on the ChainGPT platform, enabling investors to become part of an ecosystem centered on security and efficiency for both crypto enthusiasts and Web3 enterprises. In partnership with KuCoin, a leading exchange in the cryptocurrency space, Shieldeum's token (SDM) was officially listed on November 28, 2024, at 1 PM. This collaboration extends beyond the listing, as KuCoin is also managing the reward distribution process, including airdrops and benefits tied to the Shieldeum Telegram app. Users eligible for rewards must submit their KuCoin UID by December 5, with distribution set to commen...

  Large-Scale Withdrawals Hit KuCoin, Led by Ethereum: A Comprehensive Overview Data from multiple on-chain analytics platforms, including DefiLlama, Nansen, and SpotOnChain, reveals a sharp rise in withdrawals across various trader profiles, such as whales, funds, smart money, and market makers. Regulatory Pressures and Withdrawal Surge On March 26, U.S. authorities accused KuCoin and its founders of operating without legal authorization and violating banking secrecy and anti-money laundering (AML) laws. The day after the allegations, KuCoin experienced a significant surge in withdrawal requests, particularly for Ethereum-based tokens. Blockchain sleuth LookonChain identified two whale accounts moving a total of $86 million in USDT to platforms like OKX and Bybit. This wave of withdrawals led to delays in processing, sparking concerns reminiscent of the FTX collapse. However, Ki Young Ju, CEO of CryptoQuant, reassured users, emphasizing that KuCoin has adequate reserves and does n...