AXA Investment Managers Gains French Crypto Registration

AXA Investment Managers was registered as a crypto services provider in France as of Tuesday, according to the website of financial markets regulator the AMF.

The announcement means the company, part of the AXA Group insurance company, which says it has 95 million clients in 50 countries, joins Binance, Bitstamp and Societe Generale in passing governance and money laundering checks set by French law.

(By Jack Schickler)

France

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1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
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According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.