News

Odaily reported that the Dutch Public Prosecution Service has requested the Rotterdam court to declare crypto platform Knaken Cryptohandel and its related entity Stichting Knaken Payments bankrupt, citing "public interest" as the reason. Knaken has been offline since early June, leaving around 30,000 customers unable to access their funds. Knaken previously allowed users to exchange euros for Bitcoin, Ethereum, and other cryptocurrencies, offering trading and digital asset storage services. According to EU crypto regulations, such activities require a license from Dutch market regulator AFM, but Knaken did not obtain the relevant license. Another criminal investigation initiated by the Fiscal Information and Investigation Service is ongoing. Investigators searched related locations on Monday, seizing laptops, mobile phones, and company assets. No one has been arrested so far. (Decrypt)

According to Onchain Lens monitoring, Riot Platforms transferred 500 BTC to NYDIG Custody, worth 29.48 million US dollars.

The weakness in crude oil combined with the strengthening of palm oil has led to a “price inversion.” Indonesia's B50 biodiesel policy is facing economic challenges, with institutions assessing the impact on supply and demand as well as subsidy pressures... Click to read more.