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Bitwise Investments Updates Ethereum ETF Filing, Reveals $2.5M Seed Interest
Bitwise Investments, a prominent cryptocurrency asset management firm that offers diverse investment products and services focused on digital assets, has updated its ether-based exchange-traded fund (ETF) S-1 filing with the U.S. Securities and Exchange Commission (SEC), revealing $2.5 million in seed investment interest.
Bitcoin Whales Sold Over $1B BTC in Past Two Weeks: CryptoQuant
Long-term bitcoin holders and miners were among the biggest sellers of the asset in the past two weeks and show few signs of renewed demand, on-chain analysis firm CryptoQuant said in a Wednesday report shared with CoinDesk. Wallets tracked by CryptoQuant show whales – a colloquial term for large holders of any token – sold over $1.2 billion worth of BTC in the past two weeks, likely using brokers instead of on the open market.
Binance fined $2.2 million by India's Financial Intelligence Unit
Ultron AI reported that India's anti-money laundering department announced on Thursday that Binance was fined approximately $2.2 million for providing services to customers in the country in violation of India's anti-money laundering regulations. In May of this year, Binance, along with KuCoin, became the first offshore crypto-related entities approved by India's Financial Intelligence Unit (FIU), on the condition that the fine be paid after a hearing by the FIU.
The FIU said in a statement that after considering Binance's written and oral submissions, the Director of the FIU-IND found that the allegations against Binance were well-founded based on the materials on record, and therefore, the Director of the FIU-IND ordered a total fine of approximately $2.2 million to Binance, with clear instructions to ensure diligent performance of obligations.
Hong Kong virtual bank WeLab has completed its restructuring and WeLend is now a wholly-owned subsidiary of WeLab Bank
According to news on June 20, WeLab founder and group CEO Simone Long said that the corporate restructuring has been completed. WeLend is now a wholly-owned subsidiary of WeLab Bank and plans to promote its Hong Kong business to the next stage of growth.
WeLab Bank CEO Li Jiata said that it is expanding its business planning and improving profitability at full speed. It currently serves more than 650,000 users and is expected to generate an additional net profit of HK$800 million in the next five years and is expected to achieve profitability in 2025.
CertiK: All funds have been returned, but not in line with Kraken's requirements
Golden Finance reported that CertiK responded to the recent Certik-Kraken white hat operation on social media, saying that our research activities did not directly involve the assets of any real Kraken users, and in our communications with Kraken (via email and video conferences), we always assured them that we would return the funds.
All funds we currently hold have been returned, but the total amount is different from the amount Kraken requested. We determined the return amount based on the records. But the amount returned is inconsistent with Kraken's order. We returned: 734.19215 ETH, 29,001 USDT, 1021.1 XMR, while Kraken requested the return of 155818.4468 MATIC, 907400.1803 USDT, 475.5557871 ETH, 1089.794737 XMR.
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