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BitMart employees publicly speak out: demand disclosure of platform asset status and repayment plan before August 19

Regarding the issues of BitMart users' asset withdrawal restrictions and employees' unpaid salaries and compensations, employees of the platform publicly called on BitMart's management and relevant responsible parties to respond publicly by August 19 regarding the whereabouts of user assets, the platform's reserve situation, the reasons for withdrawal restrictions, and employee salary compensations. The open letter pointed out that a large number of users are still unable to withdraw their assets normally, and some employees have not received their last month's salary and due compensation; against this backdrop, if the platform only responds with announcements such as "ceasing operations," it cannot resolve the actual problems faced by users and employees. Relevant individuals requested that BitMart publicly disclose wallet, asset, liability, and available reserve information that can be verified by third parties, and explain when the platform became aware of the funding and withdrawal issues, who made the relevant decisions, and whether it continued to encourage users to redeem or trade despite being aware of the risks.The open letter also called for an investigation into related accounts, affiliated companies, trusts, and other funding arrangements associated with BitMart user assets, and specifically requested that the founder's partner provide explanations regarding their related accounts and funding situation. The open letter stated that there is currently information pending further verification indicating that BitMart accounts related to the founder's partner may have held assets worth tens of millions of dollars and have records of batch withdrawals; relevant individuals emphasized that no criminal characterization will be made against any individual until evidence is fully verified, but they demanded public clarification on whether the aforementioned accounts exist, asset ownership, sources of funds, transfer directions, and whether there is any connection with BitMart user assets, and called for an independent investigation into the relevant fund flows. At the same time, the open letter requested that BitMart promptly settle the salaries and compensations owed to employees, asserting that ordinary employees should not bear the consequences of management's operational decisions.In addition, the open letter requested that BitMart publish a user repayment plan with a clear execution timeline by August 19, including the scale of remaining assets, total liabilities, expected recovery ratio for users, repayment order, start and completion times, and supervision mechanisms, and explicitly stated acceptance of third-party independent audits. The open letter indicated that if a complete, transparent, and verifiable asset explanation and repayment plan are not obtained by then, they will consider submitting existing materials, funding clues, and relevant evidence to law enforcement agencies, regulatory authorities, lawyers, and the media in various locations to promote further investigation.

Analysis: The era of BTC against banks is coming to an end, and trillion-dollar financial institutions are accelerating their embrace of crypto assets

According to CoinDesk, as Wall Street and global financial institutions accelerate their entry into the digital asset space, the boundaries between traditional finance (TradFi) and decentralized finance (DeFi) are gradually blurring. Bitwise CEO Hunter Horsley stated, "The era of 'going long on Bitcoin and shorting bankers' is over," as financial institutions are turning to the other side of the crypto industry, promoting the adoption of digital assets.Hunter Horsley mentioned that this summer, two financial institutions managing over $1 trillion in assets approved the launch of crypto products in a bear market environment, indicating that large institutions are expanding channels for clients to access digital assets. "This year, everyone is wearing the crypto industry's jersey. Now, everyone is working for the crypto industry," Horsley said. He pointed out that these financial institutions, which manage over a trillion dollars in client assets, previously would not have opened related services during the downturn of the crypto market in 2022, but now they are actively embracing this field.Sygnum Chief Investment Officer Fabian Dori also believes that the relationship between banks and the crypto industry has undergone a structural change. "The past trades of 'going long on Bitcoin and shorting bankers' are over; banks have shifted from resisting digital assets to building, supporting, and distributing digital assets through custody, tokenization, and compliant trading." This change is primarily driven by growing customer demand and gradually clarified regulatory rules, rather than short-term market cycle changes.Anchorage Digital CEO Nathan McCauley stated that over the past two years, its client structure increasingly reflects the trend of integration between traditional finance and crypto finance. Large financial institutions typically choose to collaborate with specialized crypto infrastructure companies rather than building their own technology systems.In recent years, more and more financial institutions have entered the crypto space, including Swissquote, DBS, BBVA, BNY Mellon, Credit Suisse-related institutions, as well as Morgan Stanley and Charles Schwab.

Norway's sovereign wealth fund indirectly holds 11,549 BTC, setting a new historical high

According to The Block, K33 research director Vetle Lunde stated that by the end of the first half of 2026, the Norwegian sovereign wealth fund's indirect Bitcoin exposure through holdings in companies such as Strategy, Metaplanet, MARA, Coinbase, Block, and Tesla has risen to 11,549 BTC, a record high valued at approximately $725 million. This exposure grew by 21.2% in the first half of the year and by 60.5% over the past year, marking the sixth consecutive reporting period of increase.Among these, Strategy accounts for nearly 86% of the fund's indirect Bitcoin exposure, corresponding to approximately 9,914 BTC. As of June 30, the Norwegian sovereign wealth fund held about 1.17% of Strategy's shares, valued at $357.3 million at that time. Metaplanet corresponds to 671 BTC, MARA corresponds to 421 BTC, and Coinbase, Block, and Tesla correspond to 183 BTC, 120 BTC, and 97 BTC, respectively.K33 pointed out that this exposure is likely not the result of the fund actively allocating to Bitcoin, but rather an indirect effect of its broadly diversified investment portfolio. Currently, the related Bitcoin exposure accounts for about 0.03% of the fund's total assets.In addition, the fund has also gained indirect ETH exposure through the Ethereum treasury company BitMine for the first time. As of June 30, it held 6.15 million shares of BitMine, valued at $88.3 million, accounting for about 1.16% of the company's shares; based on BitMine's current ETH holdings, this corresponds to an indirect exposure of approximately 67,340 ETH.

The reward range for Gate Card points has been expanded, allowing card usage to unlock gold stablecoins and popular tokenized stock assets

According to official news, Gate will upgrade the Gate Card points reward program on August 14, 2026. After the upgrade, the assets that can be redeemed with Gate Card points will expand from primarily supporting USDT and GT to include USDT, GT, BTC, ETH, GUSD, as well as tokenized stock assets such as NVDAG, AAPLG, GOOGLG, SPCXG, TSLAG, MUG, SNDKG, and SKHYG, corresponding to Nvidia, Apple, Google, SpaceX, Tesla, Micron Technology, SanDisk, and SK Hynix. The newly added tokenized stock assets cover several popular fields such as AI, semiconductors, and consumer technology. After earning points through eligible daily spending, users can redeem mainstream crypto assets like BTC and ETH according to their preferences, or they can redeem corresponding tokenized stock assets like Nvidia, Apple, Tesla, and SpaceX. In addition, Gate Card points will also support the redemption of gold-backed stablecoins (XAUT), effectively enriching users' options for point redemption.The redemption ratio for Gate Card points remains at 100 points = 1 USDT equivalent asset, and points are permanently valid, with other core rules unchanged. Users can still earn cashback points through eligible Gate Card spending, with the cashback ratio continuing to be calculated based on the user's T0--T5 / VIP level. This upgrade will not affect the existing point acquisition mechanism but will provide users with more asset choices at the redemption end, expanding the application scenarios for Gate Card points. By upgrading the points reward program, Gate Card will further connect payment consumption with asset accumulation, offering users richer rights options and a more flexible asset management experience.
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