[Evening News Brief] OKX "Confirms Suspicion of OM Price Manipulation" etc.

OKX “Confirm Signs of OM Price Manipulation”

OKX states that it has detected signs that some accounts have borrowed USDT by pledging large amounts of Mantra(OM) to artificially inflate the OM price. It explains that “after discovering this abnormal trading activity, we asked the account holders to correct it, but they refused to cooperate. Subsequently, to prevent the spread of risk, the accounts were controlled, and shortly after, the OM price plummeted. The losses from this collapse have been fully covered by the insurance fund.” It further added, “External analysis indicates that the sharp price decline was mainly triggered by perpetual contract trading conducted outside of OKX. The OKX insurance fund is functioning normally and has absorbed the losses. The details of the accounts holding an abnormal amount of OM have not yet been clarified. We have submitted relevant information to regulatory and investigative authorities, and multiple lawsuits are ongoing.”

Hong Kong “Strengthening Physical Asset Tokenization and Digital Financial Infrastructure in the Next Decade”

Hong Kong Financial Services Development Council (FSDC) announced plans to develop physical asset (RWA) tokenization products and strengthen digital financial infrastructure within ten years. According to the report “Hong Kong Capital Market Leading Strategy,” FSDC states that “within 2 to 5 years, related products such as RWA tokenization will be developed, and in the long term, tokenized issuance and trading systems will be improved. Simultaneously, a rapid build-out of digital financial infrastructure such as tokenization platforms, smart contracts, and real-time payment systems will be prioritized.”

Institutions and Exchanges Hold 30% of Circulating BTC

Glassnode indicates that approximately 5.94 million BTC, accounting for 29.8% of the total supply, are concentrated among institutions, governments, US spot ETFs, and exchanges. The exchange holdings are the highest at 2.94 million BTC, followed by △US BTC Spot ETF(131万枚) △Listed Companies(107万枚) △Government(62万枚).

BTC Spot ETF Net Inflow of 74.5 Billion KRW… Only BlackRock Achieved It

TraderT’s data shows that on the 12th, local time in the US, the BTC spot ETF had a net inflow of $50.41 million, approximately 74.5 billion KRW. Among all ETFs, only BlackRock’s IBIT saw a net inflow of $52.37 million. Conversely, Fidelity’s FBTC experienced a net outflow of $1.96 million. No other ETFs saw net fund movements.

ETH Spot ETF Net Outflow of 28.7 Billion KRW… Two Consecutive Trading Days

TraderT’s data shows that on the 12th, local time in the US, the Ethereum spot ETF had a net outflow of $19.44 million, approximately 287 billion KRW, marking two consecutive days of net outflow. Although BlackRock’s ETHA achieved a net inflow of $23.21 million, Grayscale’s Mini ETH and ETHE experienced net outflows of $22.10 million and $14.41 million respectively, offsetting the inflow. Fidelity’s FETH also experienced a net outflow of $6.14 million.

Bitmine Purchases Additional $46 Million Worth of ETH

Lookonchain reports that Nasdaq-listed Ethereum-focused company Bitmine added approximately 14,959 ETH, valued at $46 million, about 10 hours ago.

2,265 BTC Transferred… Antpool → Anonymous Address

According to Whale Alert, 2,265 BTC, worth $200 million, transferred from an Antpool address to an anonymous address.

2,265 BTC Transferred… Anonymous Address → Antpool

According to Whale Alert, 2,265 BTC, worth $200 million, transferred from an anonymous address to an Antpool address.

Top 3 Futures Exchanges BTC Perpetual Contract Long/Short Ratios

Based on open interest, the recent 24-hour BTC perpetual contract long/short ratio on the top three global cryptocurrency futures exchanges are as follows:

All Exchanges: Long 49.88% / Short 50.12%

1. Binance: Long 49.16% / Short 50.84%

2. OKX: Long 48.49% / Short 51.51%

3. Bybit: Long 49.69% / Short 50.31%