ChainCatcher news, Sun Yuchen posted on platform X stating that the theft of user funds by First Digital Trust (FDT) and the misappropriation of user funds by FTX are both very serious and malicious incidents of misappropriation of user funds. However, if one must compare the severity, the severity of First Digital Trust (FDT) is even more serious, more than ten times worse than FTX. The reasons are as follows:FTX misappropriated user funds. Although users were unaware of the misappropriation, at least internally within FTX, SBF made it appear as if there was a pledge loan, representing Alameda Research, pledging a large amount of FTT/SRM/FTX shares/Maps tokens to lend user funds. At least on the surface, this looked like a loan, and a certain degree of collateral was provided based on a percentage. In contrast, FDT directly misappropriated and stole assets without user authorization and without users being aware, without even the internal collateral process.SBF misappropriated user funds from FTX without user authorization, but ultimately used them for investments, with at least the vast majority going into high-quality companies such as Robinhood and AI companies like Anthropic, without engaging in embezzlement or indulgence. In comparison, FDT currently appears to have diverted the vast majority into private companies, completely misappropriated and embezzled, without making any substantial investments.After the incident was exposed, SBF's attitude was at least proactive; he actively sought remedies, hiring law firms to find ways to recover user assets. In contrast, Vincent Chok Zhuo Junqiang, after the facts of misappropriation were exposed, still insisted on denying the truth, pretending that nothing had happened, showing great subjective malice.After the FTX incident, U.S. regulatory agencies and law enforcement quickly took action, actively intervening in the FTX bankruptcy proceedings and arresting those involved with FTX (including SBF), actively controlling the situation, helping users mitigate losses, and avoiding a significant impact on the reputation of the U.S. financial system.

ChainCatcher news, CryptoSlam data shows that in March, NFT sales on both the Ethereum and Bitcoin chains hit a year-to-date low, including:NFT sales on the Ethereum chain reached approximately $125 million, with on-chain transaction volume of about 581,000 (including approximately 95,000 unique buyer addresses and about 70,000 unique seller addresses);NFT sales on the Bitcoin chain reached approximately $88.97 million, with on-chain transaction volume of about 176,000 (including approximately 45,000 unique buyer addresses and about 32,000 unique seller addresses).

ChainCatcher news, recently, the National Digital Assets Commission of El Salvador (CNAD) granted a Digital Asset Service Provider (DASP) license to Bitget. Following the acquisition of a Bitcoin Service Provider (BSP) license in 2024, Bitget has further expanded its compliance layout locally, becoming the third mainstream cryptocurrency exchange globally to obtain dual licenses, after Binance and Bitfinex.The acquisition of both DASP and BSP licenses means that Bitget can legally conduct spot and derivatives trading, staking, yield products, and other one-stop digital asset services in El Salvador. Additionally, the new license also covers infrastructure products such as crypto savings and investments, further enhancing user convenience and asset security in participating in Web3.Bitget's Chief Legal Officer Hon Ng stated, "We are always committed to expanding our business in countries with clear regulatory frameworks and providing quality services to our users. This recognition from CNAD is an important step in Bitget's global compliance strategy. El Salvador has a forward-looking and transparent approach to digital asset regulation, making it very attractive for Web3 companies focused on compliance. In the future, we will continue to support markets with clear regulatory systems and promote the robust development of the crypto economy."

ChainCatcher news, according to Cointelegraph, regarding "the BitcoinDev mailing list being 'permanently removed' by Google", Bitcoin core developer Bryan Bishop stated that the ban may have been triggered by individuals or bots reporting the Bitcoin mailing list en masse through multiple accounts.Bishop noted that this is a common tactic used by attackers to ban or censor a community, and pointed out that similar incidents frequently occur on YouTube, X, and TikTok. Bishop suggested that the Bitcoin forum should not be limited to a specific platform, as there are several other platforms available to discuss the development of Bitcoin, including GitHub and the decentralized social network Nostr.

ChainCatcher news, according to Cointelegraph, Nansen's chief research analyst Aurelie Barthere stated that based on Nansen data, the likelihood of cryptocurrency prices hitting bottom from now until June is 70%. Currently, the trading prices of BTC and ETH are 15% and 22% lower than their respective highest prices this year.Given this data, the upcoming discussions will become important market indicators. Once the toughest part of the tariff negotiations is over, clearer opportunities for cryptocurrencies and risk assets to finally hit bottom will be seen.

ChainCatcher news, OpenAI founder Sam Altman stated that the release of OpenAI's new version may be delayed, currently facing a computing power bottleneck, and services may sometimes slow down.Previously, Sam Altman mentioned on February 12 that he plans to launch GPT-4.5 and GPT-5 in the coming weeks or months. He also stated yesterday that a "new type of open-source weight language model" with reasoning capabilities will be released in the coming months. An open-source weight language model refers to a model that can be publicly used, downloaded, modified, or deployed. Although it is not as open as a fully open-source model, it represents a significant shift compared to the completely closed GPT-3 and GPT-4. OpenAI partially open-sourced the GPT-2 model in February 2019 and completed full open-sourcing in November of the same year.

ChainCatcher news, QCP recently released a market analysis stating that Bitcoin, Ethereum, and the S&P 500 index have just recorded their worst quarterly performance in three years, with the cryptocurrency market capitalization evaporating by over $160 billion since Friday. The pullback on Friday was attributed to the expiration of quarterly options, leading traders to actively sell, causing perpetual contract funding rates to turn negative. Meanwhile, core inflation data came in higher than expected, and consumer spending remains sluggish.The market is paying attention to Trump's "Liberation Day" tariff policy on April 2. Against the backdrop of consumer confidence hitting a 12-year low and the stock market experiencing a weekly decline of 4-5%, aggressive tariffs may exacerbate recession fears. However, if the policy measures are less aggressive than expected, it could provide some relief to the market. In terms of volatility, the VIX remains at a high level of 22, while cryptocurrency volatility is declining. Trading desks indicate a bullish sentiment dominating before the Asian market opens, with investors buying upside options and selling downside risks.Although April has historically been a strong month for cryptocurrencies, the market outlook remains cautious, potentially digesting macro risks in a sideways consolidation. Key events this week include ISM data, non-farm payroll reports, and Powell's speech.

ChainCatcher news, according to The Block, Taiwanese legislator Huang Shan-shan held a public hearing on the special cryptocurrency law draft on April 1. The legislator stated that she plans to formally propose and submit the bill for a first reading soon, and hopes that the law will be enacted by the end of this year. Meanwhile, Taiwan's financial regulatory authority officially announced the draft of the "Virtual Asset Service Act" last week. The Financial Supervisory Commission is currently seeking public feedback on the draft, with a deadline of May 24, and plans to submit the draft to the Executive Yuan for review by the end of June.Both versions of the bill attempt to require all crypto platforms operating in Taiwan to apply for licenses, and overseas crypto service providers will also be required to establish a presence in Taiwan and obtain the relevant licenses. Several industry insiders stated during the public hearing on the special cryptocurrency law draft on Tuesday that the proposed crypto legislation would significantly increase compliance costs for crypto companies.

ChainCatcher news, ai16z founder Shaw posted on social media: "The Launchpad platform auto.fun is ready, and we will launch with our first partners in two weeks. Additionally, Eliza v2 is also ready, and we will soon begin marketing and announcements, and officially go live."

ChainCatcher news, ETH has fallen more than 8% in the past seven days and is currently down nearly 55% from its high of $4000 in December 2024. However, a recent video circulating on social media of Ethereum co-founder Vitalik Buterin "meowing" at a robot seems to have sparked dissatisfaction within the crypto community. Several industry insiders have criticized Vitalik Buterin, such as:Cork Protocol co-founder Phil Fogel posted on the X platform, "My professional salary and net worth are largely in the hands of this meowing person." Crypto KOL Wendy O also stated, "The future of Ethereum is in the hands of this meowing person." Crypto trader Scott Crypto Warrior expressed more intense criticism, saying, "Pray for ETH, Vitalik what are you doing? Stop finding rims for robots and give ETH a boost."

ChainCatcher news, according to CoinDesk, the cryptocurrency market has seen a decline today as investors reduce their exposure to risk assets due to concerns over macro policy changes in April. The liquidation scale in the past 24 hours has exceeded $300 million, with BTC dropping to the $82,000 range.However, cryptocurrencies backed by gold are reversing the bearish trend in the market, with PAXG rising 0.7% in the past 24 hours and XAUT increasing by about 1%.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, both projects in Binance's market maker event at the beginning of the month announced that they would use net selling funds for token buybacks, and they also disclosed the on-chain addresses for the buyback tokens. The current progress is as follows:The buyback fund for SHELL is 8 million USD. Since March 13, they have repurchased 20.95 million SHELL (5.84 million USD) from Binance, which means the buyback progress is already three-quarters complete.The buyback fund for GPS is 4.34 million USD. They just announced tonight that the buyback has officially started. The disclosed buyback address currently shows only a few small test transfers, and there have been no token transfers for the buyback yet.

ChainCatcher message, trader Eugene posted a graphic in his personal channel indicating that he believes the current market has entered the fifth phase shown in the image (bullish losses, price consolidation, shrinking volume and volatility). In this phase, some stronger altcoins have reached their bottoms, but it is still uncertain whether the global bottom for most assets has arrived.Eugene explains that this phase is the one in which he participates the least, mainly because volatility is very low whether the market is rising or falling. He will only attempt to pick one or two assets that he believes are more defensive than ordinary altcoins, hoping that if he is wrong in his bearish judgment, they can perform better, but that's about it.The tricky part of the fifth phase is that it can last for any length of time. In my view, considering the lack of structural damage (no company or project failures), I don't think we will stay in this phase as long as we did in the last cycle, but that's just my guess. Cryptocurrencies may continue to follow the stock market trends for a while.

ChainCatcher news, according to Coinmarketcap data, the Altcoin Season Index recently hit its lowest level since September 3, 2024, at 13, and has now rebounded to 21, still significantly down from the February average of 43 points.The Altcoin Index has been on a downward trend since reaching an annual high of 87 on December 4, 2024, with only 15 out of the top 100 cryptocurrencies by market capitalization having gains that surpassed Bitcoin in the past 90 days.

ChainCatcher news, according to Coinglass data, the total liquidation across the network in the past 12 hours was 112 million dollars, with long positions liquidated at 64.6505 million dollars and short positions liquidated at 47.8232 million dollars.

ChainCatcher news, BitMEX co-founder Arthur Hayes posted on the X platform: "Powell has delivered on his promise, quantitative tightening (QT) basically ends on April 1. Next, to truly push the market into a bull run, either restore the supplementary leverage ratio (SLR) exemption policy or restart quantitative easing (QE). Bitcoin at $77,000 might be the bottom; there's a possibility of that. However, the stock market may still need to experience some turbulence before Jay (Powell) fully aligns with the Trump team. So, everyone should stay flexible and keep cash on hand."