ChainCatcher news, according to official sources, Ondo Finance announced a partnership with Wellington Management to provide intraday redemption services for tokenized U.S. Treasury funds.It is reported that Wellington Management is one of the largest independent asset management companies in the world, with assets under management exceeding $1 trillion.

ChainCatcher news, the crypto education project Student Coin has initiated a structured token redemption process after deciding to end its main operations. This move aims to protect the interests of STC token holders as the team shifts its focus to new business.The Student Coin team has decided to gradually phase out products such as the STC terminal and STC Academy. The established redemption price ranges from $0.006 to $0.0137 per STC token and is tailored based on individual user profiles. Factors such as purchase price, purchase date, token holdings, and participation in premium programs will all affect the final redemption value.Student Coin was originally initiated by undergraduate students at Kozminski University in Warsaw, Poland, as a student-centered initiative aimed at exploring the application of blockchain in academia. The project rapidly expanded, covering over 15,000 students across more than 500 universities by the end of 2020.

ChainCatcher news, according to Onchain Lens monitoring, in the past 20 minutes, Sun Yuchen redeemed 57,957 pufETH from Puffer Finance, worth approximately $151.8 million.

ChainCatcher news, according to official sources, the OKX on-chain earning product has launched a fast redemption feature, initially supporting three major cryptocurrencies: ETH, SOL, and DOT. This feature meets the demand for users to instantly redeem their assets, with each user enjoying a high daily redemption limit, including a limit of 100 ETH, 240 SOL, and 1300 DOT.It is reported that the fast redemption feature for OKX on-chain earning will support more cryptocurrencies in the future, aiming to further shorten the redemption cycle and enhance the flexibility and convenience of users' on-chain earnings.

ChainCatcher news, according to DL News, the collapse of Swiss bank FlowBank, valued at $781 million, is causing a ripple effect in the cryptocurrency industry and threatening the existence of the stablecoin AEUR. This is because the Swiss company Anchored Coins AG, which issues the euro-pegged stablecoin AEUR, has deposited a portion of its $63 million euro stablecoin reserves in the troubled bank. According to a statement on the company's website, it has suspended the issuance and redemption of its tokens until further notice. The company has also stopped accepting new clients.Anchored Coins stated: "As the bankruptcy proceedings related to FlowBank SA's liquidation are still in the early stages, it is unclear how much of this portion of our collateral can be recovered. Therefore, if a shortfall occurs, the 1:1 redemption rate may not be maintained, which would result in corresponding losses for AEUR token holders." The company also mentioned, "In accordance with Swiss law, such losses will be proportionally distributed among all AEUR token holders."

ChainCatcher news, according to The Block, Ethena's USDe stablecoin has experienced nearly $100 million in redemptions over the past few days. Despite Bitcoin falling below $50,000 and Ethereum losing its 2024 gains, USDe has successfully maintained its peg to the dollar, briefly dipping to $0.997 before rebounding to $1.This redemption may have been driven by severe market volatility. On Monday, leveraged trading liquidations on centralized exchanges exceeded $1 billion, while over $400 million occurred on DeFi protocols. Ethena founder Guy Young confirmed on social media that there were no issues during the redemption process, with the amount processed exceeding $50 million, setting a new record.

ChainCatcher news, the AI project gm.ai launched by the founder of Whales Market has announced that it has completed the snapshot and opened the redemption window from Diamonds to GM. Users have a 24-hour period to redeem.The project team stated that to ensure fairness and prevent bot operations, each user will have 20,000 Diamonds reserved for the second season. For example, a user holding 100,000 Diamonds can now redeem 80,000 for GM, and the remaining portion will be available for redemption in the next phase.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, Jump Trading may be selling ETH: they have recently been redeeming a batch of wstETH worth $410 million (120,000 pieces) into ETH and then transferring it to exchanges like Binance and OKX.As of now, they have redeemed 83,000 wstETH into 97,500 ETH over the past 9 days since July 25. Among them, 66,000 ETH (worth $191.4 million) has already entered the exchanges.Currently, their wstETH storage address still has 37,600 wstETH untransferred; in the redeeming ETH address, 11,500 stETH is in the process of being redeemed into ETH; and in the ETH transfer to exchange address, there are 20,000 ETH waiting to be transferred to the exchanges in batches.

ChainCatcher message, as of July 25, Circle has issued approximately 2.7 billion USDC in the past 7 days, redeemed about 2.6 billion USDC, with an increase in circulation of less than 100 million dollars. The total circulation of USDC is 33.7 billion dollars, with reserves amounting to 33.9 billion dollars, of which approximately 4.2 billion dollars is in cash, and the Circle Reserve Fund holds about 29.7 billion dollars.

ChainCatcher news, according to the Hong Kong Economic Journal, the Hong Kong Financial Services and the Treasury Bureau stated that the SAR government needs to establish a regulatory framework for fiat-backed stablecoin issuers, regulating in a risk-based and pragmatic manner. The three main requirements include reserve management and stabilization mechanisms (for example, requiring issuers to ensure that fiat-backed stablecoins are fully backed by high-quality and highly liquid reserve assets), redemption requirements, and governance, knowledge, and experience regulatory requirements.The Hong Kong Financial Services and the Treasury Bureau also suggested that only licensed fiat-backed stablecoin issuers, banks, licensed corporations, and licensed virtual asset trading platforms may sell fiat-backed stablecoins in Hong Kong or actively promote related services to the public in Hong Kong.For existing stablecoin issuers, the proposed regulatory framework will also have corresponding transitional arrangements. Additionally, the Bureau expects that a regulatory framework for fiat-backed stablecoin issuers that is appropriate and in line with international regulatory recommendations can provide sufficient protection for users, addressing potential risks to monetary and financial stability, allowing the virtual asset ecosystem in Hong Kong to develop sustainably and responsibly.

ChainCatcher news, according to CoinDesk, Presto Labs research director Peter Chung wrote in a report that concerns about selling pressure from the Mt. Gox bankruptcy redemption leading to a drop in Bitcoin prices are unfounded, but this could be a bearish situation for Bitcoin Cash (BCH).The report stated: "Our analysis shows that the selling pressure for BCH will be four times greater than that for BTC: 24% of BCH's daily trading volume vs. 6% of BTC's daily trading volume." He pointed out that BCH's daily trading volume is one-fiftieth of BTC's.In an interview, Chung stated that BTC selling is expected to be limited, as anyone wanting to exit can sell their claims in the bankruptcy claims market. Over the past decade, due to aggressive bidding from the claims fund, vulnerable creditors have had many opportunities to exit, so it can be safely assumed that the current group of creditors consists of strong bulls holding BTC. Traders will view BCH as an "airdrop" and sell it immediately, as the BCH fork occurred three years after the Mt. Gox bankruptcy. Unless there is a funding rate risk, pairing long BTC perpetual contracts with short BCH perpetual contracts is the most effective market-neutral way to express this view. Those looking to lock in funding rates can explore other methods, such as shorting short-term futures or borrowing BCH in the spot market.

According to ChainCatcher news, the liquidity re-staking protocol Renzo's ezETH has opened for redemption, with an expected withdrawal waiting time of 3 days. Currently, ezETH is trading at a premium, with 1 ezETH = 1.01219 ETH.Previous news, on June 8, Lucas Kozinski, co-founder of the liquidity re-staking protocol Renzo, stated that users would be able to request withdrawals after the EigenLayer custody period ends on June 17/18.

ChainCatcher message, according to SoSo Value data, the Hong Kong Bitcoin spot ETF had a net redemption of 19.99 BTC yesterday (May 29), with a total Bitcoin asset holding of 3650 BTC, a daily trading volume of 4.19 million USD, and a total net asset of 248 million USD.In terms of asset scale, Huaxia ETF holds 1570 BTC, ranking first, while Bosera Hashkey and Harvest hold 1180 BTC and 896.39 BTC, respectively.Additionally, the Hong Kong Ethereum spot ETF had a net subscription of 412.97 ETH yesterday (May 29), with a total Ethereum ETF asset holding of 14040 ETH, a daily trading volume of 1.79 million USD, and a total net asset of 53.89 million USD. (Note: Hong Kong crypto ETFs support a spot subscription and redemption mechanism, where net subscriptions refer to a positive difference between the subscription amount and the redemption amount over a certain period, meaning more buying than selling; conversely, it is a net redemption.)

ChainCatcher news, based on SoSo Value data, the Hong Kong Bitcoin spot ETF had a net redemption of 25.63 BTC yesterday (May 23), with a total Bitcoin asset holding of 3660 BTC and a daily trading volume of $157,300, resulting in a total net asset of $254 million.In terms of asset scale, Huaxia ETF holds 1570 BTC, ranking first, while Bosera Hashkey and Harvest hold 1200 BTC and 883.46 BTC, respectively. Regarding the intraday premium/discount rate, Huaxia Bitcoin ETF, Bosera HashKey Bitcoin ETF, and Harvest Bitcoin ETF all exhibited negative intraday discount rates within 24 hours.Additionally, the Hong Kong Ethereum spot ETF had a net flow of zero yesterday (May 23), with a total asset holding of 13,380 ETH. (Note: Hong Kong crypto ETFs support a spot subscription and redemption mechanism, where net subscriptions refer to a positive difference between the subscription amount and redemption amount over a certain period, indicating that purchases exceed sales; conversely, it indicates net redemptions.)

ChainCatcher news, according to SoSo Value data, the net flow of the Hong Kong Ethereum spot ETF was zero yesterday (May 20), with a total holding of 1,332 Ethereum, a daily trading volume of $243,000, and total net assets of $41.14 million. Over the past 9 trading days since May 7, the Hong Kong Ethereum ETF has shown either zero net flow or net redemptions.In terms of asset scale, the Bosera Hashkey ETF holds 6,300 Ethereum, ranking first, while the Huaxia and Harvest ETFs hold 4,640 and 2,390 Ethereum, respectively. In terms of intraday premium/discount rates, the Bosera HashKey ETF and Harvest ETF briefly showed positive premium rates this morning, while trading volume increased. As of the time of writing, the total intraday trading volume has exceeded $1.489 million, with the Huaxia Ethereum ETF reaching $883,000, surpassing yesterday's total trading volume.At the same time, as of the time of writing, the market prices for Huaxia Ether (3046.HK), Harvest Ether (3179.HK), and Bosera Ether (3009.HK) are currently quoted at HKD 9.01, HKD 9.05, and HKD 28.74, respectively, with intraday gains exceeding 19%.(Note: A net flow of zero for ETFs is normal, indicating a balance between buy and sell quantities. Bloomberg ETF analyst James Seyffart pointed out that out of approximately 3,500 U.S. ETFs, 2,903 had zero net flow on a given day.)

ChainCatcher message, according to SoSo Value data, the Hong Kong Bitcoin spot ETF had a net redemption of 200.27 BTC yesterday (May 16), with a total Bitcoin holding of 3,490 BTC and a daily trading volume of 6.72 million USD, totaling net assets of 231 million USD.In terms of asset scale, Huaxia ETF holds 1,600 BTC, ranking first, while Bosera Hashkey and Harvest hold 1,010 BTC and 883.71 BTC, respectively. As for the intraday premium/discount rate, as of now, the Huaxia Bitcoin ETF, Bosera HashKey Bitcoin ETF, and Harvest Bitcoin ETF show intraday discount rates of -0.61%, -0.3%, and -0.32%, respectively, all being at a discount within 24 hours. (Note: Hong Kong crypto ETFs support a spot subscription and redemption mechanism, where net subscriptions refer to a positive difference between the subscription amount and the redemption amount over a certain period, meaning more buying than selling; conversely, it indicates net redemptions.)

ChainCatcher news, a developer of the Solana ecosystem DEX Cypher, Hoak, admitted through a public statement to misappropriating and gambling with funds that were recovered after the protocol was attacked. Another contributor to Cypher, Barrett, discovered that Hoak had extracted various cryptocurrencies, including ETH, WSOL, and BONK, in 36 independent transactions from Cypher's redemption contract.It is reported that the contract was specifically established to allow users to recover lost assets from the exploit. Hoak's total amount is approximately $260,000.Previous news, Cypher was attacked, resulting in a loss of nearly $1 million in cryptocurrency.