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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
Tai Mo Shan Ltd., a subsidiary of Jump Trading's Cryptocurrency Division, has agreed to pay $123 million to settle charges by US regulatory agencies.
Golden Finance reported that Tai Mo Shan Ltd., the Cryptocurrency division of Jump Trading, has agreed to pay $123 million to settle US regulators' allegations of misleading investors about the stability of its TerraUSD Algorithm stablecoin. The U.S. Securities and Exchange Commission said in a statement on Friday that the company has also resolved allegations of violating securities laws when underwriting TerraUSD's sister token Luna. Tai Mo Shan did not admit or deny the agency's allegations when agreeing to the settlement. TerraUSD was supposed to achieve a constant value of 1 US dollar through a complex Algorithm involving Luna and trader incentive mechanisms. The U.S. Securities and Exchange Commission stated that in reality, the substantial purchases of Tai Mo Shan helped stabilize the currency, deceiving the market into believing that the Algorithm mechanism was at work.