#exchange

Currently, Mantle DAO is evaluating a proposal that would prohibit the conversion of BIT tokens held by FTX Group into the new MNT token. Previously, Alameda Research, a branch of the FTX Group, swapped 3.4 million FTT tokens for a staggering 100 million BIT tokens, which equated to around $43 million. Yet FTX's descent into bankruptcy prompted DAO members to introduce this proposal. MNT is a token that was launched as Mantle's L2 mainnet went live. The blockchain was established by the Bybit exchange, which initiated the merge of BIT (BitDAO) and MNT tokens. Controversies aside, there's robust support for this proposal within the Mantle enclave, spotlighting the overarching investor community's interests.

Dasset, a cryptocurrency exchange in New Zealand, has left its users unable to access their holdings. Attempts to log onto the official site redirect customers to the webpage of the law firm Grant Thornton. A released statement details that Grant Thornton will control the liquidation process of the exchange. It has immediate plans to cooperate with all customers to safeguard all the residual funds. "Dasset’s management says a significant reduction in asset values and trading levels impacted its ability to trade profitably. It was determined the appointment of liquidators was in the best interests of all stakeholders," Grant Thornton highlighted.

The French Data Protection Agency (CNIL) has conducted inspections at Worldcoin's Paris office due to concerns about the company's biometric data collection practices. Worldcoin, co-founded by ChatGPT CEO Sam Altman, scans users' irises in exchange for a digital ID and the promise of free cryptocurrency. The Worldcoin Foundation, incorporated in the Cayman Islands, has expressed its willingness to undergo the review and affirms its commitment to complying with regulatory requirements.

On August 30, Judge Katherine Polk Failla delivered a significant ruling on a case brought forth by Uniswap users who alleged they lost funds due to scam tokens on the platform. She stated that ETH and Bitcoin qualify as crypto commodities, a pivotal factor in her decision to close the Uniswap case.J udge was not persuaded by arguments suggesting Uniswap token sales were subject to the Exchange Act. Failla is also the judge overseeing the SEC’s case against Coinbase.

European crypto-related exchange-traded products (ETPs) experienced a boost in net inflows during June and July, breaking a nearly three-month trend of global ETP outflows. Europe-based ETPs saw inflows of €150 million in June and €60 million in July. The trend change might be attributed to BlackRock's spot bitcoin ETF application. However, recent data indicates a downturn in August, possibly due to the SEC's delay in deciding.

As per BitInfoCharts, the wallet address bc1q…859v2 received its initial deposit of BTC on March 8. Over the following three and a half months, it amassed 118,000 BTC (nearly $3.1 billion). Speculations quickly spread across X (Twitter), suggesting it might be BlackRock strategically increasing its BTC holdings. However, the wallet belongs to the US-based exchange Gemini. It transferred its funds from an older wallet, which was also among the top BTC holders nearly a year ago. The current top three wallets are as follows: Binance cold wallet — 248,597 BTC. Bitfinex cold wallet — 178,010 BTC. Gemini new wallet — 118,300 BTC.

The U.S. Securities and Exchange Commission has received permission from a U.S. judge to request assistance from the South Korean government in questioning Daniel Shin, co-founder of Terraform Labs. Officials plan to question Shin in connection with their own lawsuit against Do Kwon and to obtain documents related to Chai Corporation, a secondary company that was also used in the illegal scheme.

acobi Asset Management Lists Europe’s First Spot Bitcoin ETF on Euronext Amsterdam Exchange. “It is exciting to see Europe moving ahead of the US in opening up Bitcoin investing for institutional investors who want safe, secure access to the benefits of digital assets,” says the company’s CEO, Martin Bednall. Well, now it’s the USA’s turn!