The Futures Kline feature allows users to view the historical and current prices of BTCUSDT in different time intervals, such as 1 minute, 5 minutes, 15 minutes, etc. The Kline is composed of four elements: open, high, low and close prices. The open price is the first price of the interval, the high price is the highest price of the interval, the low price is the lowest price of the interval, and the close price is the last price of the interval. The Kline also shows the volume of trades in each interval.
The problem of Futures Kline (chart) display issue on BTCUSDT on Binance. This is a serious issue that affects the accuracy and usability of the Futures Kline feature, which is one of the most popular tools for traders who want to analyze the price movements of Bitcoin and USDT. The problem is that the UI aggregated Kline has issue, meaning that the Kline displayed on the web or mobile interface does not match the actual prices of BTCUSDT. For example, if you look at the 15-minute Kline on September 29, 2023, at 12:00 GMT+00:00, you will see that the open price is 42,000 USDT, the high price is 43,000 USDT, the low price is 41,000 USDT and the close price is 42,500 USDT.
The Terra Classic community has decided to halt the issuance of Terra Classic USD (USTC), the stablecoin that was pegged to the US dollar on the Terra Classic blockchain. The decision was made after a governance proposal was submitted by a group of validators and delegators who argued that USTC was no longer sustainable or necessary, given the low demand and high maintenance costs. The proposal received overwhelming support from the community, with 98.7% of the votes in favor of stopping the minting of USTC.
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The proposal also outlined a plan to redeem the existing USTC holders with Terra USD (UST), the stablecoin on the main Terra blockchain, at a 1:1 ratio. The redemption process will start on October 1, 2023, and will last for six months, after which USTC will cease to exist. The community hopes that this move will simplify the Terra ecosystem and focus the resources on developing the main Terra blockchain and its applications.
Arrington, the founder of TechCrunch and Arrington XRP Capital, has stepped down from the board of Celsius successor, a decentralized lending platform that aims to disrupt the traditional banking system. Arrington announced his decision on Twitter, citing a conflict of interest with his new role as a board observer at BlockFi, another crypto lending platform. He said he will remain a supporter and investor of Celsius successor but will no longer be involved in its governance or operations.
UpBit, one of the leading crypto exchanges in South Korea, has announced that it will temporarily halt the withdrawals of Aptos, a new token that was recently listed on its platform. The reason for this decision is a bug in the Aptos smart contract that allows scammers to mint unlimited tokens and sell them on the exchange, causing a massive price drop and affecting the liquidity of the token.
UpBit said that it is working with the Aptos team to resolve the issue and restore normal operations as soon as possible. It also assured its users that their funds are safe and that they will be able to withdraw their Aptos tokens once the bug is fixed. UpBit apologized for any inconvenience caused by this incident and urged its users to be careful when trading new tokens with low market capitalization and high volatility.
FTX, a cryptocurrency exchange platform, is facing multiple lawsuits from investors who claim they lost money due to its misleading marketing and unfair practices. FTX’s former law firm, Davis Polk & Wardwell LLP, and several celebrity endorsers, including Tom Brady and Kevin O’Leary, have filed motions to dismiss the lawsuits, arguing that they are not liable for FTX’s actions and that the plaintiffs have failed to state a valid claim.
The defendants contend that they were not involved in FTX’s operations or decision-making, and that they merely provided legal advice or promotional services to FTX. They also assert that the plaintiffs have not shown any causal link between their alleged losses and the defendants’ conduct.
