clarification - The Latremie Post

MEXC Denies Insolvency Rumors Amid Massive Withdrawals

**MEXC Denies Insolvency Rumors Amid Surge in Withdrawal Delays and Fund Outflows**

MEXC exchange has officially denied ongoing insolvency rumors following user reports of withdrawal delays and increased fund outflows. In an effort to boost transparency, the crypto exchange announced it will update its Merkle tree data tonight, allowing users to verify the reserves directly.

### Outflows Surge to $5.5 Billion Amid Liquidity Fears

The exchange issued a public statement reaffirming that all assets are “fully backed” and supported by Proof of Reserves (PoR), showing over 100% coverage. This clarification comes amid growing speculation on social media regarding MEXC’s liquidity status, with some users reporting slower transaction times.

Responding to these claims, MEXC described the rumors as “false and misleading” and emphasized its “strong financial health.”

However, data from CryptoQuant reveals that Bitcoin withdrawals on MEXC have surged to record highs. These massive outflows reflect growing apprehension among traders. Visual data highlights large movements of BTC, SOL, and ETH over the past 24 hours.

Meanwhile, exchange reserve data from Coinglass indicates MEXC currently holds around $5.13 billion in assets. Despite this, the platform experienced $5.50 billion in outflows within the past 24 hours—the largest amount compared to its peers. Other exchanges, including KuCoin and Bitget, also registered net outflows, but these were significantly smaller in scale.

### Analysts Question MEXC’s Transparency, Call for Independent Audit

A key question remains: Is MEXC’s PoR statement sufficient to restore user confidence?

Financial transparency analyst Shanaka Anslem Perera weighed in, stating, “Evidence of solvency is no press release.” Perera emphasized that the exchange must demonstrate verifiable on-chain balances, disclose evident liabilities, and undergo external verification. He also highlighted that “withdrawals are the audit,” meaning an exchange’s liquidity strength is truly tested when users can freely withdraw assets without disruption.

Crypto commentator CookieSlap drew comparisons between MEXC’s situation and the lead-up to the FTX collapse. While the FTX restructuring team recently claimed that FTX was never bankrupt and assured creditors would receive full repayment, CookieSlap argued that “PoR needs to be done by an unbiased third party with full access to all balance sheets.”

Adding to the caution, crypto commentator StayCoti Node advised holders to “review your positions” and maintain control over their funds, cautioning, “They all say funds are safe, until they aren’t.”

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As concerns linger, market participants continue to watch MEXC closely, awaiting more transparent proof of its financial health and the ability to guarantee asset withdrawals without interruption.
https://bitcoinethereumnews.com/tech/mexc-denies-insolvency-rumors-amid-massive-withdrawals/?utm_source=rss&utm_medium=rss&utm_campaign=mexc-denies-insolvency-rumors-amid-massive-withdrawals

ASIC Confirms Stablecoins and Tokenised Assets Fall Under Financial Law

**Regulator Grants No-Action Period for Crypto Firms Until June 2026**

The Australian Securities and Investments Commission (ASIC) has introduced a sector-wide no-action position for crypto firms, effective until June 30, 2026. During this period, ASIC will not take enforcement action against unlicensed providers who are making genuine efforts to comply with existing financial regulations. This temporary relief offers stability to the sector as firms adjust ahead of future legislative reforms.

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### Temporary Relief for Stablecoin and Wrapped Token Distributors

ASIC also plans to provide temporary relief for distributors of stablecoins, wrapped tokens, and custodians of digital assets that qualify as financial products. The regulator is currently seeking public feedback on these draft relief measures until November 12, 2025.

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### Clarifying How Financial Laws Apply to Digital Assets

This update from ASIC clarifies how current financial laws apply to various digital assets, aiming to give investors stronger protections and provide firms with clearer regulatory guidelines.

ASIC’s new guidance confirms that stablecoins, wrapped tokens, tokenised securities, and digital asset wallets are considered financial products under existing laws. Consequently, many providers offering these products will need to hold a financial services licence to operate legally.

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### ASIC Commissioner Comments

ASIC Commissioner Alan Kirkland highlighted the significance of distributed ledger technology and tokenisation in transforming global finance. He emphasized that ASIC’s guidance provides much-needed clarity, allowing firms to operate confidently within the law. Kirkland also noted that licensing ensures consumers have legal protections and enables ASIC to take action against misconduct that harms the market or consumers.

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### Public Consultation and Past Behaviour Considerations

In addition to the no-action position, ASIC released a summary of industry feedback from Consultation Paper 381, which focused on digital asset financial products and services. The feedback has helped shape the current guidance, including the proposed relief measures.

While the no-action position provides some leniency, ASIC affirmed that it will continue to take action against serious misconduct or practices causing significant consumer harm. The regulator will also consider the no-action position when evaluating past behaviour from firms in this space.

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### About ASIC

The Australian Securities and Investments Commission (ASIC) is Australia’s primary regulator for corporate, markets, financial services, and consumer credit. Established under the Australian Securities and Investments Commission Act of 2001, ASIC is empowered to facilitate, regulate, and enforce Australian financial laws. It was initially formed as the Australian Securities Commission based on the 1989 ASC Act.

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### About the Author

**Tareq Sikder**
A Forex technical analyst and financial writer with 12 years of experience, Tareq Sikder has authored over 1,800 articles covering the latest developments in finance and cryptocurrency.

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https://www.financemagnates.com/cryptocurrency/asic-confirms-stablecoins-and-tokenised-assets-fall-under-financial-law/

Madhur Bhandarkar objects to Chandni Bar Returns; producers claim legal rights secured

**Madhur Bhandarkar Raises Objection to Title ‘Chandni Bar Returns’; Producers Claim Legal Rights Secured**

Filmmaker Madhur Bhandarkar has expressed objections to the use of the title *Chandni Bar Returns* by producer Sandeep Singh and director Ajay Bahl. Bhandarkar, who directed the original *Chandni Bar* (2001) starring Tabu, has lodged a complaint with the Indian Motion Picture Producers’ Association (IMPPA). He claims the makers of the sequel are using his registered title without proper consent.

The 2001 drama, which won multiple National Awards and established Bhandarkar’s name in Indian cinema, remains one of his most acclaimed works. In his complaint, he alleged that the title *Chandni Bar* belongs to him, and that Singh and Bahl have proceeded without authorisation.

Following Bhandarkar’s grievance, IMPPA has reportedly instructed the makers to halt the use of the title until the dispute is resolved.

### Producers Respond with Legal Clarification

In response, Sandeep Singh’s Legend Studios issued an official statement countering Bhandarkar’s claims. The studio asserted that they hold all necessary rights to proceed with the project.

Legend Studios clarified that they acquired the option rights to the title from the original producers of *Chandni Bar*, represented by the late R. Mohan’s wife, Lata Mohan Iyer. She is listed as the proprietor in the Government of India’s Trademark Registry.

Co-producer Vishal Gurnani stated:
“Sandeep Singh’s Legend Studios has acquired the Option Rights of the said title from the Original Producers, who are also the owners of the Registered Trademark and IP rights of the original cult classic *Chandni Bar* (2001). We want to state that no other banner can legally make the said film. Our IP lawyers are replying to the concerned trade associations and are taking all necessary steps to validate and protect our legal rights.”

Additionally, the studio shared the official trademark certificate (Application Number 1662053, Class 41), listing Lata Mohan Iyer as the proprietor, substantiating their claim to the title.

### The Road Ahead for *Chandni Bar Returns*

Despite Bhandarkar’s objection, Legend Studios has confirmed that the sequel is moving forward. Directed by Ajay Bahl, *Chandni Bar Returns* is slated for a worldwide release on December 3, 2026.

The makers describe the film as a reimagined sequel that will retain the essence of the original while presenting a modern, gritty narrative tailored for contemporary audiences. Legend Studios emphasizes its commitment to honoring the legacy of the 2001 classic while ensuring that the production of *Chandni Bar Returns* remains legally compliant and respectful of the original’s cultural impact.

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**Also Read:**
[Ankita Lokhande turns producer with Chandni Bar sequel; says she wants to pave the way for newcomers]

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**More Pages:**
– Chandni Bar Box Office Collection
– Bollywood News Live Updates
https://www.bollywoodhungama.com/news/bollywood/madhur-bhandarkar-objects-chandni-bar-returns-producers-claim-legal-rights-secured/

Why Vaibhav Suryavanshi called RR official early morning from Australia

Why Vaibhav Suryavanshi Called Rajasthan Royals Official Early Morning from Brisbane

By Parth Dhall | Oct 07, 2025 | 03:45 PM

In a hilarious and unusual incident, 14-year-old Indian cricket prodigy Vaibhav Suryavanshi made an early morning call to Rajasthan Royals’ Director of High Performance, Zubin Bharucha, from Brisbane at 5 AM IST on September 22.

The Story Behind the Call

According to Bharucha’s recount to The Times of India, the conversation took a funny turn when Vaibhav reached out with an urgent question about the stadium lights. Vaibhav was curious about the difference in floodlight setups, pointing out that Brisbane’s stadium had floodlights installed on four separate poles, unlike the Indian Premier League’s usual single-pole arrangement.

The Communication Barrier: Early Morning Chat

The chat got even more animated as Vaibhav moved his phone camera toward the ground, asking, “Sir, can you see this light?” A bewildered Bharucha replied, “I have never been to Brisbane in my life, Vaibhav.” It took a moment for Bharucha to realize what Vaibhav was trying to show him.

When Bharucha failed to understand the purpose of the unusual early morning call, Vaibhav finally expressed his frustration, saying, “I can’t see the ball while playing.” This simple yet earnest concern highlighted the challenges young players face when adapting to different playing conditions abroad.

Vaibhav Suryavanshi’s Performance Down Under

Vaibhav Suryavanshi is currently in Australia as part of India’s Under-19 squad for Youth One Day Internationals (ODIs) and Youth Tests. In the three Youth ODIs against Australia U-19, he posted scores of 38, 70, and 16, contributing significantly to India’s 3-0 series whitewash in Brisbane.

In the subsequent 1st Youth Test, Vaibhav shone brightly, scoring a resilient 113 runs off 86 balls, helping India U-19 win by an innings and 58 runs.

Setting Massive Records in Youth Cricket

During the 50-over Youth ODIs against Australia, Vaibhav shattered records by hitting his 39th six, surpassing the previous Youth ODI record held by former India U-19 captain Unmukt Chand. This remarkable feat underscores his power-hitting prowess at such a young age.

Other Remarkable Achievements

Earlier this year, Vaibhav made history by becoming the youngest player to feature in the Indian Premier League, debuting for Rajasthan Royals. Notably, he scored a blazing 35-ball century against Gujarat Titans, which stands as the second-fastest hundred in IPL history. This innings also made him the youngest centurion in men’s T20 cricket.

Across seven IPL innings, Vaibhav amassed 252 runs at an astonishing strike rate of 206.55 (including 50 sixes and 1 fifty). Among all batters facing at least 100 deliveries in the season, no one maintained a higher strike rate, highlighting his extraordinary ability to score quickly and consistently.

Conclusion

Vaibhav Suryavanshi’s incredible talent, combined with his curiosity and commitment — as seen in his early morning call to Rajasthan Royals — marks him as a rising star in Indian cricket. As he continues to impress both domestically and internationally, cricket fans have much to look forward to from this young prodigy.

https://www.newsbytesapp.com/news/sports/why-vaibhav-suryavanshi-called-rr-director-of-high-performance/story