Kalshi says CFTC hasn’t contacted it over ‘unusual’ $5B trading activity
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A Bitcoin address that had been dormant for nearly 15 years showed unusual activity, sparking a lawsuit in New York concerning the ownership of a "dormant Bitcoin".
According to BlockBeats, on July 6th, a Bitcoin address that had been dormant for nearly 15 years made its first transaction, transferring out 30 BTC, worth approximately $1.88 million at current prices. Galaxy Research's on-chain data shows that address "1KV47" had not made any transactions since receiving 30 BTC in August 2011, until last Saturday when it first transferred funds outwards. This address is one of 39,069 dormant Bitcoin addresses involved in a New York lawsuit. The plaintiff, "Noah Doe," and two Wyoming-registered companies are attempting to claim ownership of the Bitcoin in these long-inactive addresses under New York State lost property law. Sani, founder of the analytics platform Timechain Index, stated that these addresses collectively hold approximately 3.7 million BTC, worth about $234 billion, including addresses widely believed to belong to Satoshi Nakamoto. Alex Thorn, research director at Galaxy Digital, stated that dormant addresses associated with the lawsuit have seen a significant increase in activity recently. In June, 31 addresses transferred 17,527 BTC, compared to only 5 addresses transferring 4,834 BTC in February. However, the legal community generally considers the lawsuit's grounds weak. Last Friday, a defendant claiming to control one of the addresses, "John Doe 33," filed for dismissal, arguing that Bitcoin addresses are merely data strings and not entities that can be sued. Edwin Mata, CEO and lawyer at tokenization platform Brickken, stated that the mere fact that an address has been inactive for an extended period does not prove that assets have been abandoned. Under property law, establishing abandonment usually requires proof that the owner had a clear intention to relinquish their property rights. Dormant addresses may simply be due to long-term cold storage, lost private keys, or the holder choosing to hold the property long-term, thus insufficient to support the plaintiff's claims.
Ruwei Technology's stock price fell nearly 17% on its first day of trading on the Hong Kong Stock Exchange, closing at HK$18 per share.
Mars Finance reported on July 8th that Ruwei Technology's stock price fell nearly 17% on its first day of trading on the Hong Kong Stock Exchange, closing at HK$18 per share. (Science and Technology Treasure Broadcast)
US-listed optical communications stocks fell across the board in early trading, with Coherent dropping nearly 6%.
According to data from Odaily Odaily, US-listed optical communications stocks fell across the board in early trading. Coherent fell nearly 6%, Corning fell nearly 5%, Lumentum fell nearly 4%, and Credo fell more than 7%.
Shares of US-listed computing power rental service providers rose in pre-market trading, with Oracle and CoreWeave gaining nearly 3%.
Mars Finance reported on July 6th that US-listed computing power rental service providers rose in pre-market trading, with Oracle and CoreWeave up nearly 3%, Nebius up nearly 4%, and Google and Microsoft following suit. (KeGuBao Broadcast)
Kalshi seeks CFTC approval for WTI crude perpetual futures: Report
Kalshi reportedly plans to file for approval of a WTI crude oil perpetual futures contract that would trade around the clock five days a week without an expiration date.
Estun: Stock trading is experiencing unusual fluctuations; it is planning to acquire equity in a subsidiary.
Mars Finance reported on July 7th that Estun announced that its stock price had deviated by more than 20% cumulatively over the past three trading days, constituting abnormal fluctuations. After verification, the company's production and operations are normal, and there is no undisclosed material information. Currently, the company is planning to acquire 100% equity of its investee company, Nanjing Estun Kuzhuo Technology Co., Ltd., through its wholly-owned subsidiary in a cash transaction. This transaction is still in the planning stage and is subject to uncertainty. (Company Announcement)