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Evaluate.Market is an NFT market management platform that enables collectors to manage their NFT portfolio across wallets, marketplaces, and blockchains.
EU Plans to Evaluate Bringing DeFi Lending Under MiCA Regulation, With Lending Vaults Classification Posing Challenges
According to Cointelegraph, the European Commission is assessing whether to bring DeFi lending activities, previously outside the scope of the Markets in Crypto-Assets Regulation (MiCA), under its regulatory framework. On May 20, the Commission launched a targeted consultation covering topics such as decentralized finance and crypto lending, which will conclude on September 30.
Manus Acquisition Plan Halted, Multiple Chinese AI Companies Evaluate Dismantling Red-Chip Structures to Advance Hong Kong IPO
: Following the halt of the acquisition plan for AI agent company Manus, the China Securities Regulatory Commission (CSRC) has tightened its review of red-chip structure enterprises seeking Hong Kong IPOs. Several AI companies planning to go public have begun evaluating the dismantling of their overseas structures and a return to domestic entities. Moonshot AI is currently in communication with lawyers regarding structural reorganization, but has not yet made a final decision. Stepfun has already initiated the process of dismantling its overseas holding structure, believing that transitioning to a domestic entity will help shorten the approval cycle. DeepRoute.ai is also conducting a similar evaluation. Industry insiders point out that dismantling a red-chip structure typically takes 6 to 12 months, involving processes such as equity buybacks, establishing joint venture entities, and tax handling. Currently, regulators have not issued a comprehensive ban, but have been inquiring about the overseas holding situations of relevant companies. (The Information)
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BitMart: Appoints Alvarez & Marsal as Financial Advisor to Evaluate Orderly Withdrawals and Potential Business Restart Plans
: BitMart announced on the X platform that it has decided to appoint Alvarez & Marsal (A&M) as its financial advisor to assist the company and its legal counsel in assessing BitMart's financial condition, stakeholder matters, and orderly withdrawal arrangements, as well as to study potential orderly business restart plans and other proposals put forward by third parties.BitMart stated that it will publish a dedicated user feedback website within 5 business days, and plans to gradually disclose specifics regarding user feedback channels, opinion collection mechanisms, and action plans within 3 weeks. In addition, BitMart will appoint an independent third party in the short term to supervise the company's operations and asset custody during this period.Previously, BitMart had issued an "Announcement on Potential Restructuring and Business Recovery Plans," indicating its intention to gradually resume part of its business operations in phases, with the next update to be released no later than September 9.
EU Plans to Evaluate Bringing DeFi Lending Under MiCA Regulation, With Lending Vaults Classification Posing Challenges
According to Cointelegraph, the European Commission is assessing whether to bring DeFi lending activities, previously outside the scope of the Markets in Crypto-Assets Regulation (MiCA), under its regulatory framework. On May 20, the Commission launched a targeted consultation covering topics such as decentralized finance and crypto lending, which will conclude on September 30.
Manus Acquisition Plan Halted, Multiple Chinese AI Companies Evaluate Dismantling Red-Chip Structures to Advance Hong Kong IPO
: Following the halt of the acquisition plan for AI agent company Manus, the China Securities Regulatory Commission (CSRC) has tightened its review of red-chip structure enterprises seeking Hong Kong IPOs. Several AI companies planning to go public have begun evaluating the dismantling of their overseas structures and a return to domestic entities. Moonshot AI is currently in communication with lawyers regarding structural reorganization, but has not yet made a final decision. Stepfun has already initiated the process of dismantling its overseas holding structure, believing that transitioning to a domestic entity will help shorten the approval cycle. DeepRoute.ai is also conducting a similar evaluation. Industry insiders point out that dismantling a red-chip structure typically takes 6 to 12 months, involving processes such as equity buybacks, establishing joint venture entities, and tax handling. Currently, regulators have not issued a comprehensive ban, but have been inquiring about the overseas holding situations of relevant companies. (The Information)