ChainCatcher news, according to market news, Argentina's main stock index fell by more than 5.7% yesterday due to a cryptocurrency scandal related to presidential candidate Milei.

ChainCatcher news, according to Cointelegraph, U.S. Senator Rand Paul called yesterday for an audit of the Fort Knox gold reserves led by Elon Musk's Department of Government Efficiency (DOGE) to verify whether it actually holds 147.3 million ounces (4,600 tons) of gold from the U.S. Treasury, sparking a debate about the transparency of Bitcoin compared to traditional assets and financial trust.The Fort Knox gold has not been audited for 50 years since 1974, primarily because the U.S. government has refused external audits on the grounds of national security, while its gold reserves are seen as a symbol of national credit, and public audits could trigger market volatility and a crisis of trust. Bitcoin supporters, including Senator Cynthia Lummis, stated: "Bitcoin solves this problem. Bitcoin reserves can be audited at any time through basic computers, year-round." Unlike physical gold, which requires external audits, Bitcoin allows anyone to verify ownership, supply, and transactions through the blockchain.Riot's research director Pierre Rochard said: "Gold requires trust in the auditor, while Bitcoin allows anyone to be an auditor." Bitcoin cannot be forged, whereas gold can. Although the U.S. has the largest gold reserves in the world, incidents of fake gold bars have occurred in recent years. In 2019, the CEO of Swiss refinery Valcambi admitted that counterfeiting technology has become increasingly sophisticated, suggesting that thousands of fake gold bars may go undetected. In contrast, Bitcoin cannot be forged, with a fixed total supply of 21 million coins, and its smallest unit, "satoshi," can be tracked on-chain. Bitcoin advocate Max Kaiser wrote in 2018: "Bitcoin is the most perfect hard currency humanity has ever known. Holding Bitcoin is a declaration of liberation from tyranny and government intervention, achieving individual sovereignty."

ChainCatcher news, according to CoinDesk, investment bank Bernstein has released a research report indicating that the U.S. cryptocurrency working group will focus on advancing the establishment of a national Bitcoin reserve. Analyst Gautam Chhugani's team believes that this initiative could trigger a global competition among sovereign nations to incorporate Bitcoin into their reserve assets.The report explores the key issues facing the establishment of the reserve: first is the determination of the purchasing entity, which would require legislative approval if executed by the Federal Reserve; second is the source of funding, which could be addressed through issuing bonds or selling part of the gold reserves. The report also mentions that the U.S. government could include approximately $20 billion worth of Bitcoin previously seized from criminal activities into the national reserve.It is noteworthy that the Trump administration had previously announced the establishment of a sovereign wealth fund (SWF), which would consider significant U.S. cryptocurrency companies as strategic investment targets. Bernstein advises investors to prepare for a new bull market in Bitcoin and related stocks.

ChainCatcher news, according to CoinDesk, investment bank Bernstein has released a research report indicating that the U.S. cryptocurrency working group will focus on advancing the establishment of a national Bitcoin reserve. Analyst Gautam Chhugani's team believes that this initiative could trigger a global competition among sovereign nations to incorporate Bitcoin into their reserve assets.The report explores the key issues facing the establishment of the reserve: first is the determination of the purchasing entity, which would require legislative approval if executed by the Federal Reserve; second is the source of funding, which could potentially be addressed through issuing bonds or selling a portion of gold reserves. The report also mentions that the U.S. government could include approximately $20 billion worth of Bitcoin previously seized from criminal activities into the national reserve.It is noteworthy that the Trump administration had previously announced the establishment of a sovereign wealth fund (SWF), which would consider significant U.S. cryptocurrency companies as strategic investment targets. Bernstein advises investors to prepare for a new round of bull market for Bitcoin and related stocks.

ChainCatcher news, according to Cointelegraph, Italian Central Bank Governor Fabio Panetta stated at the 31st Assiom Forex Conference that the Italian central bank is engaging in dialogue with the securities regulator Consob and cryptocurrency service providers to ensure they have adequate risk mitigation measures in place.Panetta pointed out that there are differences in cryptocurrency regulation between Europe and the United States. The European Union adopts the MiCA framework to protect investors, while the United States regulates on a case-by-case basis according to the nature of the assets. The Italian central bank will focus on managing strategic, operational, financial risks, and anti-money laundering, while also being vigilant about the potential impact of tech giants issuing digital tokens on the traditional banking system.

ChainCatcher news, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has taken regulatory action against 13 remittance service providers and cryptocurrency trading platforms, while issuing compliance warnings to over 50 institutions.AUSTRAC CEO Brendan Thomas stated that the agency rejected the registration renewal applications of 6 providers due to serious violations by key personnel that affect their integrity. Additionally, 2 providers were subjected to conditional restrictions for failing to meet requirements within the deadline.Currently, there are 417 digital currency trading platforms registered with AUSTRAC and 5,112 remittance registered entities in Australia. Notably, the two defunct cryptocurrency trading platforms, FTX Australia subsidiary FTX Express and Zipmex Australia, have been removed from the country's digital currency exchange registration list.AUSTRAC indicated that this action stems from the agency's discovery of systemic issues related to unreported and underreported suspicious transactions in the remittance and digital currency trading platform industry. The agency plans to strengthen regulation of the cryptocurrency industry by 2025.

ChainCatcher message indicates that, according to SoSoValue data, the encrypted market sector has seen a slight pullback, while the AI and Hyperliquid ecosystems remain relatively strong, with 24-hour increases of 2.08% and 2.02%, respectively.Within the AI sector, Fetch.ai (FET) rose by 4.20%, Golem (GLM) increased by 42.33%, and AI Rig Complex (ARC) went up by 20.49%. Additionally, due to factors such as the recent increase in TGE projects, the trading volume in the Hyperliquid ecosystem continues to grow, with the HYPE native token rising by 2.68%.In other sectors, the NFT sector saw a 24-hour increase of 1.65%, with Apecoin (APE) rising by 2.96%, Blur (BLUR) increasing by 2.70%, and BLOCKv (VEE) up by 38.91%; the Layer2 sector rose by 1.45%, the CeFi sector increased by 1.11%, the DeFi sector went up by 0.25%, the Layer1 sector rose by 0.05%, while the Meme sector fell by 0.66%.

ChainCatcher news, according to Cointelegraph, court documents show that the U.S. Securities and Exchange Commission (SEC) has suspended its lawsuit against the cryptocurrency mining company Geosyn Mining.The FBI's indictment states that these executives are accused of defrauding client funds by promising to purchase and host Bitcoin mining machines for clients, but instead misappropriating the funds for personal expenses. The SEC previously stated in its lawsuit that Ward and McNutt allegedly defrauded approximately 64 investors out of $5.6 million between November 2021 and December 2022.

ChainCatcher news, according to the Associated Press, some lawyers in Argentina filed fraud charges against President Javier Milei in a criminal court on Sunday, accusing him of promoting cryptocurrency on social media.One of the plaintiffs, lawyer Jonatan Baldiviezo, stated that they see an illegal organization in this incident that has committed "an indeterminate number of fraudulent acts." He said, "In this illegal organization, fraudulent crimes occurred, and the president's actions are crucial."The criminal justice department is expected to appoint a judge on Monday to hear the case or submit it to the prosecutor for further investigation.

ChainCatcher news, according to CNBC, a man was arrested for climbing the Hollywood sign and waving a flag promoting a cryptocurrency website.The "HOLLYWOOD" sign, located on a mountaintop in the suburbs of Los Angeles, is made up of white letters, stands over 15 meters tall, and is an important symbol of Hollywood culture.

ChainCatcher news, a16z Crypto managing partner and well-known investor Chris Dixon posted on the X platform that Brian Quintenz has been with a16z Crypto for over three years, initially serving as a senior advisor and later as head of policy. His expertise is invaluable to the cryptocurrency industry, and he will be an excellent chairman of the U.S. Commodity Futures Trading Commission (CFTC).ChainCatcher previously reported that Brian Quintenz expressed on social media that he is very honored to be nominated by Trump as the next chairman of the U.S. CFTC.

ChainCatcher news, Indian authorities have seized nearly $190 million in cryptocurrency related to Bitconnect during an ongoing investigation into a crypto Ponzi scheme that was uncovered in 2018, resulting in losses of approximately $2.4 billion for 4,000 investors across 95 countries. Bitconnect was launched in 2016 and collapsed in 2018.It is reported that Bitconnect founder Satish Kumbhani (who was charged by the U.S. Department of Justice in February 2022) established a global network of promoters, paying them commissions to promote the Ponzi scheme.