Market Digest

Bit.com Exchange Begins Wind-Down Amid Migration Plan

CW1 Bit.com is winding down its derivatives exchange and asking users to withdraw or migrate to Matrixport. Bitwise has filed for 11 crypto strategy ETFs. On Polymarket, several well-timed Venezuela bets have raised concerns about potential insider trading.

Bit.com exchange wind down

Bit.com, the derivatives exchange operated by Matrixport, has winded down its exchange business.

Users should withdraw assets, or migrate to Matrixport platform.

See annoucement: https://helpcenter.bitexch.io/en/articles/13242121-follow-up-announcement-on-business-adjustment-and-user-asset-migration

Bitwise files for 11 'strategy' ETFs

Crypto asset manager Bitwise filed with the U.S. Securities and Exchange Commission to introduce 11 crypto "strategy" exchange-traded funds (ETFs) including AAVE, UNI, ZEC and TAO.

Bitwise plans to invest up to 60% of a fund's assets directly in the underlying token, with the remainder allocated to exchange-traded products and, potentially, derivatives such as futures and swaps.

See filing https://www.sec.gov/Archives/edgar/data/1928561/000121390025126503/ea0271172-01_485apos.htm

Insider trading on Polymarket

According to https://x.com/lookonchain/status/2007639475497881625

Three insider wallets on #Polymarket bet on Venezuelan President Maduro being out of office just hours before his arrest, netting a total profit of $630,484!

The three wallets were created and pre-funded days in advance.
Then, just hours before Maduro's arrest, they suddenly placed large bets on Maduro being out of office.
Notably, all three wallets only bet on events related to Venezuela and Maduro, with no history of other bets — a clear case of insider trading.

Wallet 0x31a5 invested $34K and profited $409.9K
https://polymarket.com/@0x31a56e9E690c621eD21De08Cb559e9524Cdb8eD9-1766730765984?tab=activity

Wallet 0xa72D invested $5.8K and profited $75K
https://polymarket.com/@0xa72DB1749e9AC2379D49A3c12708325ED17FeBd4-1766534754187?tab=activity

Wallet SBet365 invested $25K and profited $145.6K
https://polymarket.com/@SBet365?tab=activity

About 1Token:

1Token is a digital asset investment management platform providing Crypto PMS, RMS, and Portfolio Accounting Software, managing over $20 billion in assets for more than 80 clients worldwide.

All-in-one support designed for allocators, portfolio managers, treasury managers and fund operations and accountants, seeking transparency and control.

Front office (portfolio managers and traders) to view live position and exposure, calculate trading PnL and historical performance.
Middle office (ops and risk) to maintain portfolios and API accounts, book OTC trades, monitor risk metrics and analyze VaR/STV, generate shadow NAV with investor subscription/redemption/dividend.

Back office (admin and auditors) to collect and reconcile trades, generate valuation and PnL reporting under FIFO/WAC tax strategy.