ChainCatcher news, according to Solid Intel, the U.S. Securities and Exchange Commission (SEC) has accepted an application to allow 21Shares to conduct physical redemptions for its Bitcoin and Ethereum spot ETFs.

ChainCatcher news, according to The Block, the SEC is considering a proposal to change BlackRock's spot Bitcoin exchange-traded fund to allow for physical redemptions. In a document acknowledging the proposal released on Thursday, the SEC requested comments to be submitted within 21 days after the document is published in the Federal Register. The document states that the agency may then decide to approve, deny, or "initiate proceedings."According to the 19b-4 form filing, Nasdaq last month released a revised rule filing on behalf of BlackRock that allows for redemptions and physical creations of the iShares Bitcoin Trust.

ChainCatcher news, on Friday, Nasdaq submitted a revised rule filing on behalf of BlackRock, allowing the BlackRock iShares Bitcoin Trust to conduct in-kind redemption. Typically, when investors want to sell an ETF, they receive redemption proceeds in cash. In-kind redemption means that investors can choose to redeem using the underlying assets (i.e., Bitcoin) that the ETF is invested in.In the year leading up to the Securities and Exchange Commission (SEC) approving a spot Bitcoin ETF, various companies have been discussing the specific technical details of how this product would conduct redemptions. The SEC tends to favor cash redemptions, which means that when investors want to redeem their Bitcoin ETF shares, the fund management company (such as BlackRock) must first sell the Bitcoin it holds and then return the cash obtained from the sale of Bitcoin to the investors.

According to ChainCatcher news and the official announcement, MicroStrategy will redeem $1.05 billion of its 2027 convertible bonds and settle all conversion requests in stock.It has issued a full redemption notice to the trustee of the outstanding 0.0% convertible senior notes due in 2027. The total principal amount of the redeemed notes is approximately $1.05 billion, equivalent to the total principal amount of the outstanding notes held by investors. The notice requires the redemption of all outstanding notes on February 24, 2025, at a redemption price equal to 100% of the principal of the notes to be redeemed, plus any accrued and unpaid special interest (if any) up to but excluding the redemption date, unless the bonds are converted prior to that date.

ChainCatcher message, Binance announced several anticipated features and optimizations for BFUSD, including support for the purchase and redemption of USDC, as well as brand new pre-purchase and pre-redemption functionalities, providing users with more convenience and flexibility in trading. At the same time, to further enhance user transparency regarding BFUSD and help users understand how Binance supports BFUSD through revenue, the following charts and data indicators will be added: protocol yield, solvency, and transparency.Binance's Vice President of Product, Jeff Li, stated: "Users are always at the core of our design and product development. The cryptocurrency industry is rapidly evolving, and innovative products and solutions are key to meeting user needs. BFUSD provides contract users with an efficient and easy asset management tool, and the community feedback has been very positive. We are excited to launch a series of new features to make BFUSD more convenient, and we will continue to listen to the community's suggestions."

ChainCatcher news, TiTi official announced on X platform that the TiTi points redemption system is officially launched. TiTi users can now exchange their TiTi points for TiTi tokens at a conversion rate of 10:1.

ChainCatcher news, according to on-chain data monitored by Yu Jing, FTX/Alameda completed its monthly SOL redemption operation 3 hours ago, redeeming 182,421 SOL (approximately 32.35 million USD) from staking and distributing it to 20 addresses. Since last November, this staking address has cumulatively redeemed and transferred out 4.445 million SOL (approximately 516.88 million USD), with an average transfer price of 116.2 USD per SOL.Currently, FTX/Alameda's staking address still has 6.47 million SOL (approximately 118 million USD) staked.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, in October, 21 addresses spent 32.45 million USDC to purchase 8.917 million EIGEN at an average price of 3.64 dollars. Since last night, they have started to gradually redeem EIGEN and sell it on-chain. Since 7 PM last night, four addresses have redeemed 1,270,507 EIGEN (5.02 million dollars) from the EigenLayer staking contract and are currently selling it on-chain for ETH or USDC. A few days ago, when EIGEN peaked at 5.6 dollars, their 8.917 million EIGEN had an unrealized profit of 17.65 million dollars, but it has now fallen back near the cost line.

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.