Arkham launches trading of OP, ARB, MOVE, and JUP tokens

BlockBeats reported that on March 19th, according to Trader T monitoring, BlackRock's ETHA had a net outflow of $39.87 million yesterday, with a trading volume of $120 million.

According to Cryptonews, Paul Grewal, Chief Legal Officer of Coinbase, criticized the US Treasury Department on Tuesday for ignoring the Fifth Circuit Court's ruling to remove Tornado Cash from the sanctions list, pointing out that the government has wrongly applied sanctions laws to immutable smart contracts. Grewal's remarks on X were a response to the recent ruling by the US government regarding the Fifth Circuit Court, which found that Tornado Cash's immutable smart contract does not qualify as property under US sanctions laws. The court determined that this classification means that Tornado Cash must be removed from the Ministry of Finance's Specially Designated Nationals and Blocked Persons (SDN) list. Despite the court's ruling, officials from the Ministry of Finance stated in court documents that they will proceed to remove Tornado Cash from the list, but requested more time and stated that the ruling only applies to immutable smart contracts and does not affect the broader designation of Tornado Cash as an entity subject to sanctions. The Ministry of Finance is also concerned about the use of coin mixers for money laundering, especially the funds of the Lazarus Group in North Korea, citing national security reasons. Grewal countered that the Ministry of Finance's response was insufficient, implying that it had not learned from the court ruling. He stated that Coinbase will submit a response to support the court ruling and challenge the actions of the Ministry of Finance. In January, it was reported that the US appellate court overturned the Tornado Cash sanctions ruling and remanded the case for retrial.

According to Cryptonews, South Korean cryptocurrency exchange Bithumb has overcome a key legal obstacle in its efforts to become the country's first platform to launch an IPO. The Supreme Court ruled against the prosecution in a long-standing fraud case involving Lee Jung hoon, former CEO of Bithumb Holdings and CEO of Bithumb Korea. Bithumb is now expected to accelerate its initial public offering (IPO) process as the legal risks surrounding Lee Jung hoon have been eliminated. Lee Jung hoon is also a major shareholder of Bithumb. According to reports, Bithumb hopes to follow the example of Coinbase in the United States and Coincheck in Japan and list on the NASDAQ stock exchange. There are at least two key obstacles as Bithumb continues to advance its IPO plan. The first one is the uncertainty of the ongoing investigation by the Financial Intelligence Unit (FIU). FIU launched an on-site inspection of Bithumb on March 17th, and the inspection will end on March 28th. Regulatory authorities hope to investigate Bithumb's compliance with anti money laundering (AML) obligations and other aspects. In the previous investigation of Upbit, FIU discovered a large number of KYC violations. The second obstacle involves Bithumb's complex ownership structure and ongoing questions about who owns the platform. Although the legal case has resolved some issues, there are still doubts about the relationship between the mysterious businessman Kang Jong hyun and the exchange. The media wrote, "Clarifying its governance structure will be an urgent task for Lee Jung hoon and Bithumb

Today, two cryptocurrency projects are unlocking tokens: ENA unlocks approximately 12.86 million pieces (approximately 4.9 million US dollars), accounting for 0.086% of the total supply. The current circulation is 2.2 billion pieces, with a total of 15 billion pieces; PIXEL unlocks approximately 91.18 million pieces (approximately 3.53 million US dollars), accounting for 1.824% of the total supply. The current circulation is 1.55 billion pieces, with a total of 5.0 billion pieces; If the unlocked tokens flow into the market or there is a tendency to sell, please pay attention to the market changes after the tokens are unlocked.

According to Cryptonews, Austrian bank Raiffeisen Bank International (RBI) has invested millions of euros in Blockpit, an Austrian startup focused on cryptocurrency taxation, through its venture capital arm Elevator Ventures. Blockpit, headquartered in Linz and led by CEO Florian Wimmer, recently announced that it will achieve profitability in 2024, making it an attractive target for investors seeking to profit from the growing demand for compliant cryptocurrency services. The investment amount of RBI and the valuation of Blockpit have not been disclosed yet. This transaction marks Elevator Ventures' first foray into the field of cryptocurrency startups. Through this investment, Elevator Ventures hopes to support Blockpit in further expanding its services that have been successfully launched in ten countries. Blockpit will use this investment to expand into new European markets, particularly Eastern Europe. The company will also develop tools to prove the source of funds for bank withdrawals and cryptocurrency exchange transfers. Blockpit was founded in 2017 and currently has 30 employees. In 2021, the company raised $10 million in Series A funding led by MiddleGame Ventures. In November 2023, following its merger with German competitor CryptoTax in 2020, Blockpit also acquired Swiss competitor Accoining in a multi million euro deal.