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BIO Protocol

BIO Protocol

BIO
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Financial layer for DeSci

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Project Overview

BIO protocol is a financial layer for DeSci aimed at accelerating the flow of capital and talent into onchain science. bioDAOs can fundraise using the BIO protocol’s auction contracts and direct funding towards research initiatives, IP assets, and other biotech organizations.

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BIO team address transfers approximately $5.03 million in tokens to exchanges

according to monitoring by crypto analyst Ai Yi @ai_9684xtpa, BIO has risen 118% over the past week. Approximately 11 hours ago, the project team's multi-signature address transferred 120 million BIO to three addresses, of which about 80 million were transferred to OKX and Binance, valued at approximately $5.031 million.

Bio Protocol’s multisig wallet transferred 80 million BIO tokens to CEXs, worth approximately $5.15 million.

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.

Coinbase Suspends Trading of 25 Perpetual Contracts and Completes Auto-Settlement

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.