dealer

According to on-chain analyst Yu Jin (@EmberCN), after the SIREN market maker sold off dispersed chips at the beginning of the month, they have re-acquired the chips and increased their token control ratio to over 93%. There has been a resurgence of intense market operations, with SIREN recently rising by 185%, with the price rebounding from a previous low of $0.13 to $2.18.

According to Cointelegraph, the Criminal Assets Bureau of the Irish National Police has announced that it has successfully cracked one of the 12 Bitcoin wallets associated with a convicted drug dealer, retrieving 500 Bitcoins worth over 35 million dollars.The wallet owner is Clifton Collins, who was sentenced to five years in prison in 2017 for cultivating and selling cannabis. Collins purchased 6,000 Bitcoins with drug trade proceeds between 2011 and 2012, storing them across 12 wallets, with the keys printed on an A4 sheet of paper and hidden in a fishing rod case, which were later lost when his landlord cleared the house.Earlier today, it was reported that the Irish drug dealer deposited 500 BTC into Coinbase after nearly 10 years, worth 35.44 million dollars.

Collins purchased approximately 6,000 BTC with proceeds from marijuana sales between 2011 and 2012, and stored them across 12 wallets. His private keys were saved in paper form, hidden in a fishing rod case in a rental property in Galway, Ireland. After Collins was arrested in 2017, the house was cleared out, and his personal belongings were sent to a landfill.Subsequently, both the authorities and Collins believed that the private keys had been permanently lost, and the court ruled that the related assets were to be confiscated as criminal proceeds. The on-chain transfer of 500 BTC indicates that this batch of assets may not have been completely lost.

According to Ember Monitoring, among the top 54 addresses holding SIREN tokens, except for the burn wallet and the Binance Web3 wallet, the remaining 52 addresses are suspected to be owned by the same controlling party. Among these, 48 addresses had previously concentrated SIREN tokens, while the other 4 addresses' SIREN can be traced back to purchases made between the end of June and the beginning of July last year. This controlling party holds a total of 644 million SIREN, accounting for 88.5% of the total supply, valued at $1.44 billion.Ember pointed out that the controlling party profits by controlling almost all spot supply and utilizing contracts, which is the reason for SIREN's 30-fold increase within a month and a half. This controlling party is suspected to be DWF Labs, which holds 3 million SIREN in its public wallet, and after transferring SIREN, there was a concentrated accumulation of 66.5% of the tokens the next day.

The U.S. Securities and Exchange Commission today officially proposed amendments to Rule 15c2-11 of the Securities Exchange Act, aiming to clearly limit the scope of this rule to equity securities.Since its promulgation, this rule has primarily been used to regulate the information collection and review obligations of brokers when publishing quotes in the over-the-counter (OTC) market, with the core purpose of preventing manipulative and fraudulent trading practices in the OTC stock market. SEC Chairman Paul S. Atkins stated that regulatory rules should match the asset classes to which they apply, and this amendment aims to clarify the regulatory obligations for publishing quotes and to specify that Rule 15c2-11 is always applicable only to equity securities.

The U.S. Securities and Exchange Commission (SEC) this week issued the latest staff statement through its Division of Trading and Markets, providing operational guidance on the custody of customer crypto assets by regulated broker-dealers, and simultaneously released a frequently asked questions document regarding crypto alternative trading systems (ATS).Regarding custody, the SEC pointed out that as long as broker-dealers follow the informal standards outlined in the statement, including properly safeguarding customer private keys and considering scenarios such as blockchain failures, 51% attacks, hard forks, or airdrops in advance, the regulatory authorities will not take enforcement action. This guidance applies to crypto securities, including tokenized stocks and debt securities, but the relevant definitions still need further clarification. In addition, the SEC also raised regulatory concerns regarding the trading and settlement activities of crypto ATS. Hester Peirce, the head of the SEC's crypto working group and a commissioner, stated that trading platforms and market participants need to operate under clear market structure rules to promote a fair and orderly market environment without imposing unnecessary burdens.

According to official news, MEXC will launch Bitdealer (BIT) on November 27, 2025, at 20:00 (UTC+8), and will open the BIT/USDT trading pair.

In the latest opinion letter submitted by Wintermute to the SEC's Special Working Group on Crypto Assets, two main claims are clearly stated:Allow self-managed on-chain settlement processes: Wintermute calls on the SEC to explicitly state that regulated dealers should not be considered in violation of rules when conducting on-chain settlements for their own accounts by bypassing traditional clearinghouses. As long as the counterparty can independently manage its wallet and conduct on-chain delivery, and the dealer fulfills its obligations in a timely manner, they should be exempt from the application of the Customer Fund Protection Rule. This approach can significantly reduce intermediary layers and enhance blockchain settlement efficiency.No registration as a dealer for proprietary trading on DeFi: Wintermute emphasizes that engaging in proprietary trading (including providing liquidity) solely on DeFi protocols, without interacting with customers, assuming market-making obligations, providing advice, or custodial services, should be regarded as "traders" rather than "dealers," and therefore should not require registration. This position continues the legal tradition of the "trader exemption" and echoes the judicial trend following the court's repeal of the "dealer rule" in 2024. Wintermute stresses that the current legal context should ensure that innovation coexists with regulation, avoiding the imposition of inappropriate regulatory burdens on the decentralized finance ecosystem.

ChainCatcher news, according to Cointelegraph, digital asset infrastructure company BitGo has announced that it has received regulatory approval to provide specific services in Dubai, coinciding with the announcement of multiple enforcement actions by relevant authorities in Dubai.In an announcement released on Tuesday, BitGo stated that its Middle East and North Africa (MENA) branch has obtained a brokerage license issued by the Dubai Virtual Assets Regulatory Authority (VARA), allowing the company to "provide regulated digital asset trading and intermediary services for institutional clients." Less than 24 hours before VARA announced the approval of this license, it stated that it had fined 19 companies for engaging in "unlicensed virtual asset activities" and "violating VARA marketing regulations."

ChainCatcher news, according to Forbes, London-based one of the largest cryptocurrency market makers GSR has agreed to acquire Equilibrium Capital Services, a FINRA-registered broker-dealer shell company based in Portland, Oregon.The market maker acquired a subsidiary of the same name that is largely dormant for a "six-figure" price, which is dedicated to building an ESG-compliant investment portfolio aimed at quickly entering the U.S. regulated securities market.This acquisition enables GSR to provide investment banking services for traditional companies and crypto startups seeking to raise funds, particularly those looking to add digital assets like Bitcoin or stablecoins to their balance sheets.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has proposed a safe harbor for cryptocurrencies and reforms to the broker-dealer rules. The proposed rule changes could impact the SEC's guidance on broker-dealers, custody, and reporting, potentially allowing cryptocurrency companies to operate in the U.S. with less regulatory oversight and reducing the risk of legal action.The proposed rules include amendments to the Securities Exchange Act to "consider trading crypto assets on alternative trading systems and national securities exchanges," as well as modifications to the "broker-dealer financial responsibility rules," which could alleviate the reporting burden on cryptocurrency companies. While the impact of each proposal on the cryptocurrency industry varies, many proposals indicate that the commission will continue to soften its enforcement approach, establish a safe harbor, and restructure existing regulations to benefit relevant crypto projects.Paul Atkins stated, "This agenda covers potential rule proposals related to the issuance and sale of crypto assets to help clarify the regulatory framework for crypto assets and provide greater certainty to the market. We have withdrawn a series of initiatives from the previous administration that did not align with the goal of regulation being smart, effective, and appropriately calibrated within statutory authority."

ChainCatcher news, according to Cointelegraph, Czech Justice Minister Pavel Blazek has announced his resignation on May 30 due to controversy over his department's sale of Bitcoin donated by a convicted criminal.The Ministry of Justice previously announced on social media platform X that it had obtained approximately 1 billion Czech koruna (about 45 million USD) by auctioning nearly 500 Bitcoins. Subsequent reports from Czech news media Denik N revealed that these Bitcoins came from the convicted operator of the dark web platform Sheep Marketplace, Tomas Jirikovsky.In March of this year, Jirikovsky's lawyer proposed donating one-third of the Bitcoins to Blazek, but Blazek accepted the donation without adequately investigating the source of the funds. The police are currently investigating the source of these Bitcoins.

ChainCatcher news, according to CoinDesk, the digital asset securities platform Prometheum announced the acquisition of SEC and FINRA registered broker-dealer ProFinancial, and the establishment of an SEC registered digital transfer agent, creating a fully compliant tokenization platform covering issuance, trading, and custody.Co-CEO Aaron Kaplan stated that the goal is to achieve the on-chain representation of real assets under the U.S. regulatory framework, capturing the trillion-dollar asset tokenization market. Currently, competition in this field is intensifying, with institutions such as Securitize, Superstate, and Tokeny also actively positioning themselves. Kaplan mentioned that Prometheum has built its trading and custody infrastructure ahead of the market, providing a unique competitive advantage.

ChainCatcher news, according to FinanceFeeds, SEC Commissioner Caroline A. Crenshaw strongly condemned the agency's withdrawal of three high-profile lawsuits against unregistered dealers on May 22.In a public statement, Crenshaw stated that the defendants' actions fully align with the statutory definition of "dealer," and that federal courts have ruled that the SEC's lawsuits have sufficient legal basis.She warned that abandoning the enforcement of dealer registration rules would lead to a surge of "toxic financing," harming the interests of investors and issuers.Crenshaw pointed out that this is yet another dismissal following crypto-related cases involving Coinbase, Consensys, and Kraken, reflecting a concerning shift in the SEC's enforcement stance that will ultimately undermine investor confidence and the U.S. securities law system.

ChainCatcher news, according to Cointelegraph, the cryptocurrency exchange Kraken has announced that it has registered as a restricted dealer in Canada and appointed Cynthia Del Pozo as the new General Manager for North America.It is reported that a restricted dealer is one of the eight types of company registrations in Canada, used to inform investors about the products and services they can offer. This is a special registration applicable to companies that "do not fully fit into other categories" and is subject to specific requirements or conditions imposed by securities regulators.