ChainCatcher news, according to NetEase Qingliu Studio, Wang Shuiming, a native of Anxi, Fujian, who was arrested in connection with Singapore's largest money laundering case, has been captured in Montenegro and will be extradited back to China. Wang Shuiming's partner, Su Weiyi, has been confirmed as the mastermind behind the Hong Kong cryptocurrency platform scam AAX, and was arrested by Hong Kong police in July 2024.In November 2022, Atom Asset Exchange suddenly became unable to process withdrawals and subsequently collapsed, with Su Weiyi absconding with 16.74 million Hong Kong dollars (approximately 15.675 million RMB). In July 2024, Su Weiyi was arrested by Hong Kong police. It is worth mentioning that Su Weiyi co-owns other companies with other partners, who are linked to the convicted former Filipino mayor Alice Guo (Guo Huaping).On August 15, 2023, over 400 Singaporean police launched a raid, successfully cracking down on the largest money laundering case in Singapore's history, involving an amount of 3 billion Singapore dollars (approximately 16 billion RMB). The Singapore police arrested 10 suspects on the spot. These suspects, aged between 31 and 44, are all originally from Fujian and are referred to by outsiders as the "Fujian Gang." They held passports from multiple countries and used forged documents, shell companies, and cryptocurrencies to "clean" the proceeds from illegal gambling and fraud in Southeast Asia, investing in high-end assets in Singapore and overseas.According to the investigation results of the Singapore police, Wang Shuiming also possesses substantial assets outside of Singapore. Domestically, Wang Shuiming's company has an investment amount of up to 32 million RMB; he owns a factory worth several million RMB; he has two apartments in Xiamen worth a total of 20 million RMB; and there is a bank account in Hong Kong under Wang Shuiming with a deposit of 2 million Hong Kong dollars and cryptocurrencies valued at 110,000 USD.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa monitoring, a 50x leverage whale on Hyperliquid has withdrawn 484,000 USDC back to the Arbitrum network 5 minutes ago.

ChainCatcher news, Galaxy Digital's Vice President of Research Christine Kim posted on the X platform: "Latest weekend update on the status of the Ethereum Holesky testnet: Developers held a meeting on Friday to coordinate large-scale penalties and expedite the exit of inactive validators. However, it seems that the number of active validators on the testnet is insufficient, and the developers lack confidence in advancing the plan. Therefore, they decided to give more time over the weekend for more active validators to join Holesky, and to coordinate large-scale penalty actions by Monday at the latest. If you are running a Holesky validator and have not yet attempted to bring it back online, please do so as soon as possible and delete your slashing protection database. Additionally, a reminder that during the Holesky event, another vulnerability affecting Geth and Nethermind clients was reported through the Pectra audit competition. Please note that this vulnerability is unrelated to the issue of incorrect configuration of the deposit contract address."

ChainCatcher news, crypto analyst Miles Deutsch posted on platform X that the amount of dollar-denominated BTC held in CME's open contracts has fallen back to the levels seen before the U.S. elections (approximately 150,000 BTC). A large part of this may simply be due to the closing of underlying trades, but it's good to see the total leverage in the system reset.

ChainCatcher message, Zhao Changpeng stated: "Pullbacks are a part of the free market, this is not financial advice. If you feel stressed about this, you might need to reduce your investment size (if you consider cryptocurrency as an investment). For me, this is a shift in worldview. I exited the old world 11 years ago."

ChainCatcher news, according to Cointelegraph, the well-known Bitcoin whale "Spoofy" has increased its holdings by 4,000 BTC on the Bitfinex exchange after the BTC price fell below $90,000, currently valued at approximately $344 million.Analyst Saint Pump pointed out that Spoofy accumulated 70,000 BTC at low prices during the FTX and Luna collapses (price range $16,000-$40,000), and then gradually sold off as BTC rose to $40,000-$70,000 from 2023 to 2024. Additionally, during 2024, Spoofy established a position of 24,000 BTC and partially reduced holdings when the market rebounded to $70,000-$108,000.Market data shows that the recent BTC pullback has resulted in over $2.16 billion in unrealized losses being confirmed, most of which comes from investors who entered the market recently, while long-term holders have experienced smaller losses. CryptoQuant founder Ki Young Ju reminds that novice investors often panic sell at a loss, while historical data indicates that a 30% pullback during Bitcoin bull markets is quite common.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on social media, "If you are panic selling right now, you might be a novice. A 30% pullback is quite common during a Bitcoin bull market: in 2021, Bitcoin experienced a drop of 53%, but still recovered and reached an all-time high."

ChainCatcher news, Matrixport released today's chart, Wall Street has become an important player in Bitcoin, and Bitcoin's 60% market dominance remains a key benchmark for the crypto market, with institutional trading behavior increasingly influencing its price trends. Concerns about the potential six-month delay in Trump's proposed tariffs and Bitcoin strategic reserve plan may be one of the reasons for the technical top pattern appearing on the current chart.BlackRock's IBIT ETF recently had an important trading day, with a single-day trading volume reaching $5.1 billion, which, while not a historical high, is still a considerable figure. From a technical perspective, Bitcoin may pull back to the recent support level of $73,000, corresponding to the IBIT ETF's price level of about $40.

ChainCatcher news, Binance CEO Richard Teng stated that the recent market volatility should be viewed as a "tactical pullback," rather than a structural decline in the crypto market. He emphasized that the crypto market has historically experienced macroeconomic shocks and rebounded strongly, such as when Bitcoin briefly fell below $20,000 in 2022 due to the Federal Reserve's interest rate hikes, but quickly recovered as the market stabilized.Teng pointed out that institutional investor interest is still on the rise, with continued inflows into ETFs, and Binance is also steadily growing. He believes that the Federal Reserve's pause on interest rate cuts is a key factor in the recent market adjustment, and although the likelihood of a rate cut in March has decreased, future policies will still depend on inflation and employment data.He stated that market pullbacks often present opportunities for seasoned investors to position themselves for the next upward cycle, and the crypto market has become part of the global financial system, proving its resilience in the face of macroeconomic fluctuations.

ChainCatcher message, BitMEX co-founder Arthur Hayes stated, "Now we calm down, pull back, and wait. If Trump cannot pass his budget proposal, which increases spending and raises the debt ceiling, then the market will resume its decline to the levels before the election victory, which is in the range of $70,000 to $75,000. This will be a test of Trump's control over the Republican Party."

ChainCatcher news, BinaryX officially stated that since the launch of the Four.meme fair launch platform on July 3, 2024, it has been silently working and witnessing the vigorous development of Meme culture in the BNB Chain ecosystem. However, on this journey, it has also seen Four, as a highly influential Meme symbol, being used by various projects, with many tokens being named Four, causing confusion in the community.With the rapid growth of the Four ecosystem, it has ushered in a comprehensive business explosion and decided to upgrade the BinaryX brand to embrace the future with a clearer brand image. BinaryX has decided to change the token symbol from Four to FORM, allowing the name Four to truly return to the community, granting it broader use cases and possibilities.The development of the Four ecosystem will not change; BinaryX will continue to build a strong DeFi, GameFi, and Meme ecosystem around the FORM token, creating more value for the community. BinaryX hopes that FORM is not just a token symbol, but a spirit, a force that drives the blockchain industry forward.

ChainCatcher message, according to SoSoValue data, the encrypted market sector continues to pull back, with the AI Agents sector down 5%, while ETH remains relatively strong. Within the AI Agents sector, ai16z (AI16Z), Fartcoin (FARTCOIN), and Turbo (TURBO) have dropped 5.10%, 5.64%, and 6.17% respectively in the last 24 hours, but AIXBT has risen against the trend by 4.06%. Additionally, influenced by multiple factors such as the Ethereum Ecosystem Conference, ETH has increased by 0.58% in the last 24 hours.In other sectors, the PayFi sector has decreased by 0.38% in the last 24 hours, the Layer1 sector has dropped by 2.10%, with Sonic (S) rising against the trend by 8.11%; the CeFi sector has fallen by 2.38%, the Layer2 sector has decreased by 2.39%, and the DeFi sector has dropped by 2.66%, with Raydium (RAY) down 21.33%; the Meme sector has decreased by 3.49%.

ChainCatcher news, according to Musk's X homepage, Musk changed the X platform's avatar and background to a Grok theme.

ChainCatcher message, Greeks.Live macro researcher Adam released a Chinese community briefing, which disclosed that the community generally holds a bullish attitude towards Ethereum, believing that after breaking through $2800, it is expected to challenge $4000.Some opinions suggest that breaking through $2750 under low liquidity over the weekend shows strong momentum, but there are also concerns about a potential pullback to $2600.The options market indicates a negative Gamma state within the $2700-$3900 range, meaning volatility may increase, and market makers need Delta hedging at the current position, suggesting that the upward trend may continue. In terms of market structure, the rapid rise lacks resistance.

ChainCatcher news, according to Cointelegraph, recently, regarding the February 21 hack of Bybit exchange that resulted in a loss of $1.5 billion, Ethereum core developer Tim Beiko stated that although some in the crypto industry are calling for the Ethereum network to be restored to its state before the attack, it is almost impossible to achieve from a technical perspective.Beiko emphasized that, unlike the 2016 TheDAO hack incident, this attack did not violate Ethereum protocol rules, and a rollback would lead to widespread and difficult-to-repair chain reactions, potentially causing more destructive consequences than the hacker's losses. Furthermore, a rollback would undo all settled on-chain transactions while being unable to reverse off-chain transactions.Other industry figures have expressed similar views. Ethereum educator Anthony Sassano pointed out that the current complexity of the Ethereum ecosystem makes a simple rollback of the infrastructure unfeasible. Yuga Labs' blockchain vice president even warned that the cost of a rollback could far exceed $1.5 billion.Previous news, when asked whether he supports rolling back Ethereum to the state before the hack, Bybit CEO Ben Zhou stated, "This is not something one person can decide. Based on the spirit of blockchain, perhaps it should be decided through a community vote, but I'm not sure."

ChainCatcher news, according to Cointelegraph, regarding whether to support rolling back Ethereum to before the theft, Bybit CEO Ben Zhou stated in a Space: "I'm not sure if this is a decision for one person. According to the spirit of blockchain, perhaps it should be a voting process to see what the community thinks, but I'm not very sure."