The Aave Chan Initiative has officially ceased operations; Marc Zeller announces new project.
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ACI has officially ceased operations due to governance disagreements with Aave Labs.
According to Foresight News , The Block reports that Marc Zeller, founder of the Aave Chan Initiative (ACI), has officially ceased operations after a governance disagreement with Aave Labs.
Aave-Chan Initiative founder Marc Zeller disclosed that he has liquidated his AAVE holdings.
According to BlockBeats, on July 2nd, Marc Zeller, founder of the Aave-Chan Initiative (ACI) and a contributor to Aave ecosystem governance, stated on social media that he had sold all of his AAVE holdings upon leaving Chaos Labs, retaining only a very small "dust-level" balance. Previously, after announcing the closure of the ACI project, community users inquired whether he still held AAVE or had sold his holdings. Marc responded that he had completed the liquidation upon leaving Chaos Labs.
Solana's on-chain NFT platform, Exchange Art, will cease operations on August 1st.
PANews reported on July 3 that Exchange Art, the on-chain NFT art platform on Solana, announced it will officially cease operations on August 1, 2026. The platform stated that due to the prolonged slump in the on-chain art market and the inability to find a sustainable financial path, it has decided to shut down. Users will need to access their accounts and retrieve necessary information before the shutdown. All works and funds held in custody and sales contracts on the platform will be released to their owners before the shutdown. All artworks have been minted on the Solana blockchain and can be imported into other markets; artists and collectors can ensure the safety of their works without any additional action required.
Bitmart exchange announces cessation of operations
BWENEWS News, Bitmart exchange announces cessation of operations
South Korea officially launched a 24-hour trading mechanism for the Korean won spot foreign exchange market.
Odaily Odaily reports that South Korea officially launched a 24-hour spot USD/KRW trading mechanism on Monday to enhance the convertibility of the won and strive for developed market status in the MSCI World Index. Under the new mechanism, the South Korean spot foreign exchange market will open at 6:00 AM every Monday and trade continuously until 6:00 AM on Saturday, achieving 120 hours of continuous trading per week. South Korean Finance Minister Koo Yoon-cheol stated that this move will be "an important starting point for the won's globalization." (Reuters)
BTSE obtains Indonesian OJK license and officially launches BTSE Indonesia.
According to Mars Finance, BTSE has officially launched BTSE Indonesia through a joint venture with PT Aset Kripto Internasional, and has obtained a Digital Financial Asset and Crypto Asset Trading Operator (PAKD) license from the Indonesian Financial Services Authority (OJK). BTSE will provide trading infrastructure and liquidity support, while BTSE Indonesia will be responsible for local market operations. The platform currently supports Indonesian Rupiah (IDR) withdrawals and deposits, as well as IDR trading pairs. Future plans include expanding into futures trading and other products in accordance with local regulations. BTSE is a global blockchain technology company covering exchange, payment solutions, and blockchain infrastructure development. This license further enhances its global compliance strategy and lays the foundation for expanding into the Southeast Asian market and promoting the localization of digital asset services.