News

According to ChainCatcher, on-chain analyst Ember (@EmberCN) has monitored that a whale has liquidated all of their Ethereum holdings after 6 years, earning a profit of $11.13 million with a 20x return on investment. Data shows that this whale accumulated 2,817 ETH through an exchange in September 2019, when the price of Ethereum was $210, with a total value of $590,000. Six hours ago, the whale transferred 2,538 ETH (worth $10.47 million) to an exchange for a complete liquidation, at a liquidation price of $4,163.

ChainCatcher news, according to a report by Caixin, the UK Financial Conduct Authority (FCA) is seeking public opinion on a proposal to support the asset management and fund industry in embracing "tokenization". The proposal provides a compliant pathway for registering public fund shares on distributed ledger technology (DLT), aiming to reduce costs and improve efficiency in the asset management industry through blockchain technology. According to the consultation paper, the "blueprint model" proposed by the FCA allows fund managers to migrate the fund share registration system to blockchain without changing the core regulatory framework. The requirements for fund custody, valuation, information disclosure, and investor protection remain unchanged, but the registration of shares can be completed through distributed ledger technology.