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first_img BitMart founder Sheldon responded to the employee accountability statement, claiming the content is false and will report to the police

BitMart founder Sheldon stated that regarding the public accountability statement released by a BitMart employee through the official Twitter account, he has completed the collection of evidence related to the content and claims that the information is all false. Sheldon indicated that he will report to the police during the day in the United States and send a lawyer's letter to the X platform, requesting technical and data evidence collection regarding the relevant content. Sheldon also stated that employee assets do not take precedence over customer assets, and everyone is a customer, with no privileges existing. Previously, BitMart employees publicly questioned the whereabouts of platform assets and related handling situations. Sheldon had previously stated that he would respond to the whereabouts of platform assets by the 19th.Blockchain investigator ZachXBT posted on the X platform questioning the BitMart exchange. In response to the relevant account, he stated that if BitMart indeed has sufficient liquidity, it should directly return the funds to all users instead of issuing vague statements. ZachXBT pointed out that BitMart's related actions have caused real users to be unable to use their funds normally, and there is insufficient transparency. This statement has raised market concerns about the safety of the exchange's funds and operational transparency.

Tether CEO responds to doubts after KPMG's first complete audit, we have proven ourselves multiple times

Tether CEO Paolo Ardoino, in an interview with The Block, responded to ongoing criticisms raised after KPMG U.S. completed its first full financial audit. He stated that some critics are unable to admit that their past judgments about Tether were wrong, and said, "Honestly, I don't care." Ardoino mentioned that Tether has repeatedly proven its resilience.He noted that in 2022, Tether processed $7 billion in redemptions within 48 hours, which was about 10% of its reserves at the time, and there was no pause in redemptions during that period. He believes that many traditional financial institutions would struggle to handle withdrawals of a similar scale in such a short time. He also stated that criticism itself is not a bad thing, as it makes Tether better and stronger. Even if some critics view it as a "villain," as long as Tether can continue to serve its claimed 650 million users who rely on USDT, especially in emerging markets, he does not mind.According to informed sources, Tether, as a private company, will not publicly share audited financial statements. The company plans to conduct a full audit once a year in the future while continuing to release quarterly attestation reports. Overall, the KPMG audit is an important step for Tether to enhance transparency, but controversies surrounding its reserves, disclosure levels, and systemic impact have not completely dissipated.

first_img RedotPay responds to Binance's $473 million lawsuit: will actively defend and deny the relevant accusations

According to CoinDesk, RedotPay responded to the lawsuit filed by Binance, stating that it will actively defend itself. The company stated in a statement that it is aware of the legal proceedings initiated by Binance and will mount a strong defense against all allegations, denying the related accusations against the company and its co-founders, claiming that these allegations are baseless.Previously, Bloomberg reported that a Binance-affiliated entity filed a lawsuit in Hong Kong against RedotPay's co-founder, accusing him of breaching the agreement by directing over 470,000 Binance users to the RedotPay platform, resulting in approximately $473 million in losses. Binance stated in the lawsuit that it discovered in March 2026 that RedotPay allowed and encouraged the use of Binance Pay funds for unauthorized purposes without isolation, including recharging the RedotPay card. Binance's Chaintecs also filed a lawsuit against RedotPay affiliates in Singapore, with a related hearing scheduled for this Friday.Public information shows that Binance and RedotPay first reached a commercial cooperation in November 2023, which was terminated less than six months later due to Binance's claim that its funds were used for recharging RedotPay prepaid cards. The two parties reached a second agreement in March 2025, requiring Binance funds to remain isolated, allowing Binance users to exchange cryptocurrencies for fiat currency on RedotPay, conduct in-app transfers, and purchase RedotPay branded merchandise, but not to recharge the RedotPay card. Binance terminated the agreement in April 2026, stating it was part of a merchant partner review. RedotPay had previously planned to go public in the U.S. with an estimated valuation of about $4 billion, intending to raise over $1 billion.

Duan Yongping responds to reducing holdings in Pop Mart: only because of the expiration of put options

Duan Yongping responded on Xueqiu today regarding the reduction of his position in Pop Mart, stating, "It's just that the put expired, and part was called away by the call." (This means that the put option expired, and a portion of the stock was called away by the call option.)ChainCatcher previously reported that earlier today, the Hong Kong Stock Exchange disclosed that the long position ratio of H&H International Investment, managed by Duan Yongping, in Pop Mart International Group Limited decreased from 7.65% to 5.55% as of July 30, 2026.According to a detailed interpretation of the announcement, this reduction was caused by the exercise of sold calls (call options). Duan Yongping holds the underlying stock of Pop Mart through H&H International Investment while selling call options to earn premiums. After part of the calls expired and were exercised on July 30, Duan Yongping had to deliver stocks at the agreed price, resulting in a decrease in physical holdings, and the disclosed long position ratio dropped from 7.65% to 5.55%.This time, Duan Yongping had part of the calls expire and be exercised, delivering some stocks at an average settlement price of approximately HKD 162.50, resulting in a net decrease of about 8.9328 million shares in physical holdings. Additionally, other option positions expiring or converting contributed to the overall decrease in the disclosed total long position ratio.Duan Yongping is accustomed to using sold options to enhance returns or build positions, and he has performed similar operations on stocks like Apple. On July 23, Duan Yongping had just responded to investors on Xueqiu, stating, "I just started buying Pop Mart, and I probably won't sell for the next 10 years." This decrease in ratio is mainly due to passive reduction caused by option settlements, rather than actively selling in the market. The actual decrease in physical holdings is not as exaggerated as the disclosed ratio suggests, as the disclosed long ratio also includes the impact of related derivative positions.
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