ChainCatcher news, according to Coinglass data, major cryptocurrency exchanges have seen a total outflow of 35,538 bitcoins in the past week, with Binance seeing an outflow of 20,398, Coinbase 2,273, and ProBitfinex 6,503.Currently, the cumulative balance of bitcoins on cryptocurrency exchanges is 2,299,200, setting a new historical low.

ChainCatcher news, FTX co-founder and former CTO Gary Wang provided extensive cooperation to U.S. prosecutors, resulting in a sentence that has already been served, with no additional prison time.Wang faced a maximum of 50 years in prison but began cooperating with authorities shortly after the collapse of FTX in November 2022.Prosecutor Andrew Roos emphasized the uniqueness of Wang's cooperation, highlighting his technical expertise and willingness to assist from the very beginning. Roos stated, "He cracked half the case for us on the first day of cooperation." Wang's insights were crucial for understanding how FTX's code allowed the misappropriation of customer funds, which played a central role in the fraudulent activities associated with the exchange.

ChainCatcher news, according to The Block, the American cryptocurrency exchange Gemini has announced that it will operate in France. This move marks Gemini's latest expansion in the European Union, especially against the backdrop of the upcoming comprehensive regulation of the crypto asset market (MiCA) that will reshape the region's relationship with the crypto industry.Earlier this year, Gemini registered as a Virtual Asset Service Provider (VASP) in France, stating that the country's positive support and engagement with the crypto industry is a key factor in its strategic layout.According to Gemini's 2024 Global Crypto Report, France is rated as one of the "most supportive countries for cryptocurrency," with the proportion of cryptocurrency holders in the country increasing by 2% since 2022, reaching 18%.

ChainCatcher news, DMM Crypto, the blockchain gaming and NFT division of the Japanese cryptocurrency exchange operator DMM, will shut down its Seamoon Protocol. The company announced that no new services will be added to the ecosystem, and future arrangements for existing services on the platform are under discussion. The Seamoon Protocol is supported by the SMP token in the DM2 Verse on the Oasys L2 blockchain. The Seamoon portal is a Web3 gaming and content site featuring games and anime produced by the Japanese e-commerce and internet group DMM.com.

ChainCatcher News, SEC Chairman Gary Gensler has once again called for cryptocurrency exchanges to register and urged those selling securities to make appropriate disclosures, as his tenure leading the agency may be coming to an end.On Thursday, at the 56th Annual Securities Regulation Institute of the American Bar Association, Gensler stated in prepared remarks that many of the 10,000 digital assets in circulation are securities.Gensler said, "Overall, aside from Bitcoin, Ether, and stablecoins, the rest of this market is valued at about $600 billion, which is less than 20% of the entire cryptocurrency market and less than a quarter of the global capital markets."Gensler's remarks came after President-elect Donald Trump won the U.S. presidential election last week. Trump has indicated he would fire Gensler. Sources say Gensler is likely to resign, like other chairmen in the past.

ChainCatcher message, according to Arkham monitoring, about five hours ago, 5,165 ETH flowed from the cryptocurrency exchange Kraken's hot wallet address into the Bitwise Ethereum trading fund Bitwise ETHW ETF, amounting to approximately 16.36 million dollars. In the past 23 hours, this address has flowed a total of 6,313 ETH into Bitwise.

ChainCatcher news, according to CoinDesk, Japanese brokerage and cryptocurrency exchange operator Monex Group announced today that its subsidiary Coincheck Group BV (CCG) has had its registration statement (Form F-4) submitted to the U.S. Securities and Exchange Commission (SEC) become effective on November 12, which will significantly advance the process for the cryptocurrency exchange to be listed on the Nasdaq in the United States.According to the published schedule, the special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP) will hold a shareholder meeting on December 5, with the merger expected to be implemented around the 10th of the same month. CCG's stock (ticker symbol: CNCK) is expected to begin trading on Nasdaq on the next trading day after the merger is completed.This listing of Coincheck is achieved through its merger with THCP announced in March 2022. Initially planned to be completed in the second half of that year, it subsequently underwent three contract changes, occurring in May 2023, May 2024, and October, ultimately receiving approval from the SEC.

ChainCatcher news, according to Cryptonews, Japanese cryptocurrency exchange Bitbank has announced the establishment of a wholly-owned subsidiary, Bitbank Ventures, focusing on investments in overseas blockchain companies. This subsidiary will concentrate on blockchain projects from seed rounds to Series A, while also providing support for international companies entering the Japanese market.Bitbank's business development director Jun Kuwahara stated that over the past three years, the company has invested in the Web3.0 startup accelerator Next Web Capital and the crypto project Oasys. Shifting to a corporate venture capital model will accelerate the investment decision-making process and enhance investment capabilities. The new subsidiary will focus on investments in Layer 1, Layer 2 infrastructure, as well as AI, gaming, and Web3 projects.

ChainCatcher news, at the "DeInsight 2024" annual summit held during Devcon in Bangkok, the RootData List 2024 annual rankings have been officially announced. OKX has successfully been included in the RootData List 2024 annual rankings as one of the "Top 50 Projects (TGE Completed)." OKX is a cryptocurrency exchange building the next-generation financial ecosystem, offering spot, margin, futures, options, perpetual contract trading, DeFi, and lending services.It is reported that this ranking is the second annual selection launched by RootData following its first release in 2023, aimed at showcasing the influential and innovative key players in the Web3 space and assessing the critical forces that continue to drive industry progress. RootData is committed to demonstrating the core forces and trend characteristics of industry development through rigorous data analysis.The ranking statistics cover the period from October 31, 2023, to October 31, 2024, and five rankings have been released, specifically: Top 50 Projects (TGE Completed), Top 50 Projects (TGE Not Completed), Crypto VC Top 50 Investment Institutions, Top 10 Angel Investors, and Top 20 Best CEOs.

ChainCatcher news, the cryptocurrency exchange M2 issued a statement regarding a security incident, stating that on October 31, M2 experienced a cybersecurity event involving $13.7 million. M2 takes full responsibility for the potential losses, all services have now been restored, and M2 has implemented additional control measures.Previous news, according to ZachXBT, the cryptocurrency exchange M2 was hacked yesterday, with approximately $13 million stolen from hot wallets across multiple chains.

ChainCatcher news, according to ZachXBT, the cryptocurrency exchange M2 was hacked yesterday, with approximately $13 million stolen from hot wallets across multiple chains.

ChainCatcher news, cryptocurrency exchange and custodian Archax has agreed to acquire the Spanish brokerage King & Shaxson Capital Markets (KSCM) to expand its business in the EU following the implementation of the MiCA regulations.KSCM was established in 2019 in Madrid, serving pan-European institutional clients. After the acquisition, it will become a wholly-owned subsidiary of Archax. This acquisition will enable the FCA-registered company to extend its existing brokerage business, multilateral trading facilities (MTF), and custody services to Europe, while adding crypto derivatives to its license.

ChainCatcher news, according to the Financial Times in the UK, cryptocurrency trading platforms are rapidly expanding into the derivatives space, hoping that stricter regulations and promises of high leveraged returns can attract cautious investors into the market.According to the latest data from CCData, cryptocurrency derivatives trading has accounted for 71% of the total trading volume of digital assets, with the total open interest surpassing $40 billion for the first time, demonstrating the dominant position of the derivatives market. Market leader CME Group has seen record trading volumes and open positions this year and is actively expanding its product line, with the newly launched Bitcoin Friday futures contracts specifically matching the New York trading cycle, further meeting the needs of institutional investors.The derivatives sector is attracting a large number of new players. The Dutch cryptocurrency derivatives exchange D2X is set to launch operations in November, while London's One Trading and GFO-X plan to open in early 2025. Additionally, Kraken has established a trading platform in Bermuda this month, directly competing with CME Group, Binance, and Bybit.Jason Urban, Global Head of Trading at Galaxy Digital, pointed out that after the collapse of crypto lending institutions like FTX, unsecured lending has essentially disappeared from the ecosystem, leading investors to turn to the derivatives market in search of leveraged opportunities.

ChainCatcher news, according to HK01, a virtual currency scam occurred in Tai Kok Tsui, Hong Kong. At around 4 PM on the 26th, the police received a report from a woman who stated that at around 1 PM, she went to a virtual currency exchange (OTC) at 55 Tai Kok Tsui Road, intending to exchange Tether (USDT) for cash. After transferring the funds to a male staff member via an online wallet, the staff member asked her to wait for a colleague to bring cash, then left under the pretext of needing to step out.The female victim waited for a long time but did not see anyone coming, so she called the police for help. The police classified the case as "fraud" and have not arrested anyone yet. It is reported that the female victim lost 12,000 Tether, equivalent to about 93,000 Hong Kong dollars. The woman stated that she had been paying attention to the store on social media Instagram since August, as it appeared to have been operating for several months and showed evidence of customer transactions, leading her to believe the store was trustworthy.

ChainCatcher news, according to Coinpedia, South Korean lawmakers have disclosed that due to the new regulations of the "Virtual Asset User Protection Act," 14 cryptocurrency exchanges have closed or suspended operations, resulting in over 33,000 investors being unable to retrieve approximately $13 million in assets.According to Kang Min-guk, the situation may further deteriorate, with about 30.7 billion won ($22 million) potentially trapped on the suspended platforms. Among them, Cashierest exchange holds the most assets, amounting to 13 billion won (approximately $9.4 million).As regulatory pressure increases, the industry expects that more exchanges may be forced to close, raising concerns about the safety of investors' funds.

ChainCatcher news, according to Money Today, the Financial Services Commission (FSC) of South Korea is actively promoting legal amendments to strictly review the major shareholders and governance of cryptocurrency exchanges. Currently, under existing laws including the "Virtual Asset User Protection Act," the FSC lacks the statutory authority to review shareholders. In a parliamentary audit, FSC Chairman Kim Byoung-hwan stated that an amendment to the "Act on Reporting and Using Specific Financial Transaction Information" has been submitted to provide a legal basis for the FSC to assess the qualifications of major shareholders.

ChainCatcher news, recently, South Africa's largest cryptocurrency exchange VALR announced the launch of its Chinese version application "威乐", and will continue to iterate to cover more communities.According to data from the RootData platform, VALR was established in 2018 and has completed approximately $55 million in funding to date, with investors including Pantera Capital, 100x Venture, Bittrex, Coinbase Venture, GSR, and others.