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, Tether CEO Paolo Ardoino stated that the crypto community is becoming more polarized.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on X stating: Ethereum has lost its core narrative. It is no longer the "ultrasound money," the center of killer DApps, or a developer-centric blockchain. Only market-driven narratives can unite the crypto community. Without these narratives, promotion is meaningless. This seems to be something Vitalik is not aware of.

ChainCatcher news, ChainCatcher will hold the "What Does the Inauguration of the First Crypto President in the U.S. Mean for the Chinese-speaking Crypto Community?" X Space today at 20:00 (UTC+8). Guests attending the Space event include: OKX Ventures researcher Kiwi; DuckChain co-founder Ducking; IoTeX APAC Strategy Officer Andrew Law; BTX Capital Operations Director Lucio; GMGN CMO Josie; crypto analyst Phyrex; and meme blockchain expert Yuyue.Stay tuned to ChainCatcher X Space to discuss the policy changes, market trends, and new opportunities that the Chinese-speaking crypto community will face after the inauguration of the U.S. crypto president.

ChainCatcher news, UXLINK has won the K-Community Best Participation Project of the Year at the 2024 Korea Cryptocurrency Awards, hosted by CoinNess, the largest cryptocurrency media and community platform in Korea.The Korea Cryptocurrency Awards aim to celebrate the most popular cryptocurrencies in the community for 2024 and the most anticipated projects for the new year. The winners are selected based on a comprehensive analysis of 10 metrics derived from surveys of Korean community users and data insights (MAU 700K+), including popularity, engagement, and returns.

ChainCatcher news, Mark Longo, the owner of the internet-famous squirrel Peanut and raccoon Fred, has launched a new token called "Justice for Pnut and Fred (JUSTICE)" on the Solana blockchain to commemorate his pets.He also accused the crypto community of profiting from his personal trauma, stating that this is one of the most painful experiences of his life, and that it is simply despicable for people to want to make money from it. PNUT community members countered that they had donated about $50,000 to Longo, but he immediately sold it.

ChainCatcher news, according to Ibtimes, the U.S. House Financial Services Committee will hold a hearing titled "Oversight of the SEC" on September 24, with SEC Chairman Gary Gensler in attendance to testify. Tomorrow, he will appear alone at a Senate hearing. After the announcement of Gensler's attendance, many users in the crypto community expressed criticism and dissatisfaction.NFT collector Medic Matt stated that attending the congressional hearing would be "a great opportunity for resignation," with some community members calling for Gensler to hand over the SEC chairmanship to someone more capable. Cryptocurrency researcher Anderson predicted that Gensler would "not answer any questions and just waste everyone's time." Anderson noted that during a hearing in 2023, Gensler repeatedly refused to answer lawmakers' questions about whether Ethereum is classified as a security or a commodity.Cryptocurrency YouTuber James Rule asked Democratic Senator Elizabeth Warren if she would "write answers" for Gensler. Warren and Gensler have been accused of deliberately destroying the cryptocurrency industry. Cryptocurrency investor and developer Leon Gaban stated that the SEC should be shut down. He urged Gensler: "Resign now, before you get fired by Trump later."Previously, Republican presidential candidate Donald Trump stated that if elected in November, he would fire SEC Chairman Gary Gensler on his first day in office. Cryptocurrency analyst Jonathan Morgan reminded Gensler that his "Democratic allies" can no longer "slander" the cryptocurrency industry, as more and more Republican politicians have acknowledged the rapid growth of the industry.

ChainCatcher news, according to Cointelegraph, former Tornado Cash developers have been charged with money laundering, violating sanctions, and operating an unlicensed remittance business, with one person already convicted and imprisoned. Tornado Cash co-founder Roman Storm and developer Alexey Pertsev were arrested, and the crypto community established JusticeDAO to raise funds for their legal defense.Through the decentralized platform Juicebox's "Free Alexey & Roman" fundraising campaign, JusticeDAO has raised 654 ETH (approximately $2.3 million). Ethereum co-founder Vitalik Buterin has also made significant contributions to the fund.Despite community support, the founders of Tornado Cash still face serious charges. The U.S. Treasury Department alleges that Tornado Cash was used to launder over $7 billion, with Storm and Roman Semenov charged with money laundering and violating sanctions. In May 2024, a Dutch court found developer Pertsev guilty of money laundering, sentencing him to five years and four months in prison.

ChainCatcher news, according to Cointelegraph, African pop star Davido's management of his newly launched meme token DAVIDO has drawn criticism from the Nigerian cryptocurrency community.Many believe that selling off the tokens may soon become part of his plan. Local cryptocurrency expert Rume Ophi believes that Davido could have taken a more strategic approach by advocating for regulatory clarity and exchange licensing in the Nigerian cryptocurrency space, rather than launching his own token.

ChainCatcher news, according to CoinDesk, the r/CryptoCurrency community on Reddit, which has 6.9 million users, removed the moderators of the subreddit trading the native token MOON just minutes before announcing the decision to end its community points program last Tuesday.MOON is an ERC-20 community points token that serves as a token incentive for users posting or commenting in the r/CryptoCurrency subreddit, and these tokens can be freely traded, tipped, or spent within the community for various purposes. Following Reddit's announcement, the token dropped over 85% to $0.0198.Regarding the handling of the MOON token, core contributor and founder of MoonsDust u/mellon98 stated that they are waiting for Reddit's decision on whether to transfer the contract ownership to the community or to move it to a burn address.