ChainCatcher news, focusing on digital assets, Hong Kong-listed company OSL Group today announced that its wholly-owned subsidiary has signed a share purchase agreement to acquire an 81.38% stake in CoinBest K.K., a cryptocurrency trading service provider licensed by the Financial Services Agency (FSA) of Japan (hereinafter referred to as "CoinBest"). This move is an important strategy for OSL Group to enter the Japanese market.The Japanese market had over 5.16 million active digital asset users in 2023, tripling since 2018. Japan has become one of the more mature and rapidly developing markets in the Asia-Pacific region, with a rapidly growing penetration rate and investment volume in the digital asset market.By acquiring CoinBest, OSL Group aims to promote product and service innovation among its trading platforms (including the Hong Kong-licensed digital asset trading platform OSL Digital Securities), enhance global trading liquidity, achieve resource sharing and best business practices, thereby creating business synergies.

ChainCatcher news, according to informed sources and a regulatory document, venture capital firm Khosla Ventures has raised a $405 million special purpose vehicle (SPV) to invest in OpenAI's $6.6 billion funding round.Informed sources revealed that the SPV will consist of funds from Khosla Ventures and external investors. Venture capitalists typically support startups, but they also pool funds through SPVs to participate in later funding rounds.Previously, projects that Khosla Ventures has invested in include: NEAR ecosystem blockchain infrastructure company Calimero Network, Worldcoin, investment app Seashell, Chain (XCN), and others.

According to ChainCatcher news, monitored by The Data Nerd, several market makers have deposited stablecoins into CEX, including Binance, OKX, Bybit, and OSL, among which:Wintermute deposited 42 million USDT;Animoca deposited 16.75 million USDT;Flow Traders deposited 34.12 million USDC;Whale Carrot_BTC deposited 6.9 million USDC;A total of 100 million stablecoins have been deposited.

According to ChainCatcher news and data from the Hong Kong Stock Exchange, the total assets under management of three Bitcoin spot ETFs in Hong Kong reached HKD 2.06 billion, among which the two Ethereum ETFs managed by OSL's Huaxia Fund and Harvest International have a total AUM of over HKD 1.276 billion, accounting for 62%; another spot Ethereum ETF has a total AUM of approximately HKD 784 million, accounting for about 38%.

ChainCatcher news, monitored by The Data Nerd, two hours ago, a wallet (possibly belonging to Animoca Brands) deposited 5,500 ETH (approximately 12.58 million USD) to the cryptocurrency exchange OSL. If sold at the current price, the expected profit would be 4.07 million USD.

ChainCatcher news, data from the Hong Kong Stock Exchange shows that the total asset management scale of 6 digital asset spot ETFs in Hong Kong is approximately HKD 2.26 billion, among which the total asset management scale of 4 ETFs managed by OSL and Huaxia Fund, and managed by Harvest International is HKD 1.41 billion, accounting for about 62.5%. The other 2 ETFs have a total asset management scale of approximately HKD 850 million, accounting for about 37.5%. Meanwhile, the total asset management scale of 3 Bitcoin spot ETFs is approximately HKD 1.99 billion, accounting for about 88%; the total asset management scale of 3 Ethereum spot ETFs is approximately HKD 270 million, accounting for about 12%.

ChainCatcher news, Hong Kong licensed digital asset trading platform OSL Digital Securities Limited announced the appointment of Jack Tan (alias Jack Derong) as the new Chief Marketing Officer (CMO). He previously served as the global marketing head at Moomoo and will be responsible for enhancing OSL's brand influence and expanding into new user segments, consolidating OSL's brand awareness and market position.

ChainCatcher news, data from the Hong Kong Stock Exchange shows that the total asset management scale of the three Ethereum spot ETFs in Hong Kong is approximately HKD 287 million. Among them, the two Bitcoin ETFs managed by OSL, under Huaxia Fund and Harvest International, have a total asset management scale of HKD 171 million, accounting for about 59.65%. Another spot Bitcoin ETF has a total asset management scale of approximately HKD 115 million, accounting for about 40.35%.

ChainCatcher news, according to the Web3 asset data platform RootData monitoring, at 10:47 Beijing time today, OSL transferred 389.43 ETH to an unknown wallet, worth 1.067 million USD.

ChainCatcher news, according to SoSo Value data, the three Bitcoin spot ETFs in Hong Kong saw a net inflow of approximately 247 BTC this week, bringing the total holdings to about 4,450 BTC, with a weekly increase of 5.9%. As of the time of writing, the total assets under management are approximately HKD 2.113 billion, of which the two Bitcoin ETFs managed by OSL, under Huaxia Fund and Harvest Global Investments, have a total assets under management of HKD 1.337 billion, accounting for about 63%. The other Bitcoin spot ETF has a total assets under management of approximately HKD 776 million, accounting for about 42%.

ChainCatcher news, Hong Kong listed company OSL Group has released its interim results announcement for the six months ending June 30, 2024.Key performance data:The International Financial Reporting Standards revenue from digital asset and blockchain platform business was HKD 123.8 million, a year-on-year increase of 17.7% compared to HKD 100.52 million last year;The loss from continuing operations significantly decreased by 90.2% year-on-year from HKD 98.9 million to HKD 9.6 million;The digital asset balance includes approximately HKD 179 million held by the Group in designated client accounts under various contractual arrangements (December 31, 2023: HKD 639 million). Additionally, it includes the Group's proprietary digital assets of approximately HKD 258 million (December 31, 2023: HKD 184 million). The balance is measured at fair value through profit or loss;As of June 30, 2024, the fair value of digital assets received from clients and held on their behalf by the wholly-owned subsidiary and Hong Kong Securities and Futures Commission licensed corporation OSL Digital Securities Limited was approximately HKD 3.612 billion (December 31, 2023: HKD 874 million).

ChainCatcher news, according to The Block, Gary Tiu, Executive Director and Head of Regulatory Affairs at the Hong Kong cryptocurrency exchange OSL, stated at the Foresight 2024 conference held on Sunday that as the Hong Kong ETF market continues to develop, there are increasing opportunities for active participants to drive its growth potential. Although intermediaries in the Hong Kong market currently place more emphasis on non-listed products, the Hong Kong spot crypto ETF provides investors with a reliable channel for participation and lays the foundation for future market development.In addition, Tiu stated, "Overall, Hong Kong still holds a negative attitude towards Bitcoin, Ethereum, and cryptocurrencies. I believe there are still some biases in the eyes of regulators and financial institutions, as they view Bitcoin ETFs as a unique risk category that requires extra caution." Chen Zhao, Director of Digital Assets at Fosun Wealth, added that the Hong Kong crypto ETF also lacks a sufficient number of dealers and brokers.

ChainCatcher news, according to SoSo Value data, as of last Friday (July 12), the latest data shows that the net subscription volume of the Hong Kong Bitcoin ETF reached 612.24 coins in a single day, marking the second highest single-day net subscription in history, except for the first trading day of the Bitcoin ETF (net subscription volume of 3,910 coins).Currently, the total assets held by the Hong Kong Bitcoin ETF amount to 4,940 coins, with a daily trading volume of approximately 23 million USD and total net assets exceeding 282 million USD; the total assets held by the Hong Kong Ethereum ETF amount to 12,590 coins, with a daily trading volume of approximately 462,600 USD and total net assets exceeding 38.78 million USD.Among them, the Huaxia Fund and Harvest Global Investments' spot Bitcoin ETF, with OSL Digital Securities Limited serving as the virtual asset custodian and trading partner, hold approximately 2,100 coins and 741.67 coins of Bitcoin, respectively, accounting for a cumulative share of 58%, with the Huaxia Bitcoin ETF ranking first.

ChainCatcher news, according to Hong Kong media Ming Pao, OSL Group Chairman and CEO Pan Zhiyong stated that OSL is continuously promoting regulated digital asset innovation into the next phase, including staking services and tokenized fund products. The group's OSL Digital Securities has been appointed as the virtual asset trading platform and custodian for the first spot Bitcoin and Ethereum ETFs of Huaxia Fund and Harvest Global Investments. The first batch of spot Bitcoin and Ethereum ETFs launched by their issuer partners Huaxia Fund (Hong Kong) and Harvest Global Investments accounted for over 88% of the total trading volume in the Hong Kong ETF market. OSL announced that since the launch of the spot virtual asset exchange-traded fund (ETF) in April this year, the market has witnessed significant growth, with both trading volume and assets under management (AUM) continuously expanding. As of yesterday, the trading volume of the Bitcoin (BTC) spot ETF reached 114 million yuan, while the Ethereum (ETH) spot ETF reached 33.76 million yuan.

ChainCatcher news, since its launch in April 2024, the Hong Kong digital asset ETF market has shown significant growth, with both trading volume and assets under management (AUM) continuously expanding. As of the time of publication, the daily trading volume of Bitcoin (BTC) spot ETFs reached HKD 114 million, while the daily trading volume of Ethereum (ETH) spot ETFs reached HKD 33.76 million, clearly indicating that investor interest in Hong Kong digital asset ETFs is increasingly strong, and investment activities are on the rise.Among them, OSL Digital Securities Limited, as a leading licensed digital asset trading platform under the OSL Group (863.HK), has been appointed as the virtual asset trading platform and sub-custodian for the China Asset Management and Harvest Global Investments' first Bitcoin and Ethereum spot ETFs. The first batch of spot Bitcoin and Ethereum ETFs launched by its issuer partners, China Asset Management (Hong Kong) and Harvest Global Investments (HGI), accounted for over 88% of the total trading volume in the Hong Kong ETF market. "OSL is continuously driving regulated digital asset innovation into the next phase, including staking services and tokenized fund products. " OSL Chairman and CEO Pan Zhiyong stated, OSL's success as a leading ETF custodian and trading platform reflects its strategic vision and operational excellence. With the continuous growth of the market, OSL is committed to pioneering new solutions and maintaining its position as a trusted partner in digital asset investment.

According to ChainCatcher news, data from OSL shows that in the first week of the listing of Hong Kong's first batch of virtual asset spot ETFs, the asset management scale has exceeded HKD 2.4 billion. OSL Digital Securities Limited serves as the virtual asset custody and trading partner for the first batch of spot Bitcoin and Ethereum ETFs launched by China Asset Management (Hong Kong) and Harvest Global Investments (HGI), accounting for 76% of the total market share.