ChainCatcher news, Tianyancha App shows that recently, Zhipu AI's affiliated company Beijing Zhipu Huazhang Technology Co., Ltd. underwent a business change, adding Beijing Artificial Intelligence Industry Investment Fund (Limited Partnership), Shenzhen招商数科 Innovation Private Equity Investment Fund Partnership (Limited Partnership), and Hubei Yangtze River CITIC Technology Mobile Communication Technology Industry Investment Fund Partnership (Limited Partnership) as shareholders, while the registered capital increased from approximately 27.91 million RMB to approximately 31.07 million RMB.

ChainCatcher news, according to Jinshi reports, A-shares closed with the Shanghai Composite Index up 4.59%, the Shenzhen Component Index up 9.17%, and the ChiNext Index up 17.25%. The trading volume of the Shanghai, Shenzhen, and Beijing markets reached 34,835 billion yuan.

ChainCatcher news, at 01:55 AM Beijing time the next day, Federal Reserve Chairman Powell will deliver a speech at the National Association for Business Economics. In this period of uncertainty filled with "noise," Powell may indicate the future direction of the Federal Reserve's policy------how the "timely rain" of interest rate cuts will continue to unfold. Market fluctuations are expected, and investors are advised to pay attention to related risks.

ChainCatcher news, the United States will release Personal Consumption Expenditures (PCE) data today at 20:30 Beijing time.Last week, the Federal Reserve lowered the federal funds rate target by 50 basis points, indicating greater confidence in inflation returning to the 2% target level. There is widespread expectation that the PCE data will provide additional support for this stance. Economists unanimously believe that the month-on-month growth rate of core PCE in August will be close to 0.2%, consistent with the price increases in June and July.

ChainCatcher News: The Beijing Municipal Committee has issued implementation opinions to carry out the "Decision of the Central Committee of the Communist Party of China on Further Deepening Reform and Promoting Chinese-style Modernization," which points out that it will promote the construction of national blockchain hub nodes in Beijing and enhance the efficiency of computing power infrastructure. It aims to build a first-class information infrastructure system focused on blockchain and other technologies. Efforts will be made to expand the application scope of digital renminbi and support qualified foreign-funded institutions to participate in financial business pilot projects.

ChainCatcher news, according to the official account of the Beijing High People's Court, a blockchain engineer named Zhang from a certain internet company, during his participation in the development of a project, learned that there was a large amount of Ethereum in the project account. He developed malicious intentions and wanted to attack the company account to obtain Ethereum. Taking advantage of his work, he requested program codes and private keys from colleagues that exceeded his work authority under the pretext of "code learning."According to Zhang, he had joined a certain "technical exchange group," where members could obtain virtual currency for arbitrage by cracking codes. He shared the code and private keys in that group, inviting a group member named Jack to crack the code and attack the company account, obtaining 106.15 Ethereum. Zhang stated that he planned to "wash" the obtained Ethereum, intending to distribute it after its value increased later. He converted Ethereum into other forms of currency and transferred it through multiple accounts, including his wife's, before transferring it back to his own account. After the company discovered that the virtual currency in the account had been stolen, it quickly reported the case. After the prosecution was initiated by the procuratorate, the Changping Court formed a collegial panel and publicly heard the case.After hearing the case, the Changping Court found that based on the evidence on file, such as the circulation of the involved Ethereum, the extracted Ethereum code address and corresponding private key information from Zhang's computer, and the chat between Zhang and his wife containing "washing coins" and related witness testimonies, it was sufficient to determine that the defendant Zhang violated regulations by soliciting program codes and private keys from others, illegally obtaining Ethereum information from the company's computer system, and profiting from transactions involving part of the Ethereum. Ultimately, the court legally sentenced the defendant Zhang to three years and six months in prison for the crime of illegally obtaining data from a computer information system, and imposed a fine of 60,000 yuan. At the same time, the court ordered the confiscation of the defendant Zhang's illegal gains of 38,329.76 yuan. After the first-instance judgment, the defendant Zhang appealed. The second-instance ruling dismissed the appeal and upheld the original judgment. The case has now taken effect.

ChainCatcher news, according to the Legal Daily, the Economic Crime Investigation Team of the Beijing Municipal Public Security Bureau has publicly reported that recently, the police dismantled a gang that organized and led pyramid selling activities under the guise of investing in virtual collectibles. The case involves over a hundred participants in the pyramid scheme, with an amount involved exceeding 2.8 million USD. The police remind that any activity that requires payment of an "entry fee" under the guise of investment, encourages recruitment of new members, and uses the number of people developed as a basis for compensation is a disguise for pyramid schemes. The general public should recognize the essence of pyramid schemes and enhance their awareness of prevention.According to police investigations, the pyramid scheme organization introduced "game rules" to the public through on-site lectures and WeChat group messages, attracting unspecified individuals to recharge and purchase under the pretext of investing in virtual collectibles, thereby earning profits and causing financial losses to many. Through the analysis and connection of police reports across the city, the police believe that this investment project is suspected of organizing and leading pyramid selling activities.Upon investigation, it was found that the organization had a complete member registration rule, and its profit-sharing model was divided into dynamic and static types. After participants recharge, they settle using virtual currency to obtain "static dividends." In addition, members can also obtain "dynamic dividends" by developing downlines, i.e., through the "recruitment" method.The police remind that some criminals turn "digital collectibles" and "virtual currency" into their own "wealth codes," using the concept and technology of the digital economy as a disguise to engage in illegal fundraising and other criminal activities. They attract investments and defraud money by boasting, exaggerating their value, or creating worthless "pseudo-coins." The general public should remain vigilant in their daily lives and avoid falling victim to scams.

ChainCatcher news, the Beijing Municipal Public Security Bureau has dismantled an underground money laundering gang that conducted money laundering crimes through virtual currency transactions. Currently, four main suspects involved in the case have been approved for arrest by the procuratorial authorities on suspicion of illegal business operations.According to investigations, the main member of the gang, Lv, obtained foreign nationality years ago. During his time abroad, he discovered that virtual currency transactions could transfer domestic RMB to overseas and exchange it for foreign currency. Later, Lv, along with Chen and others, used virtual currency trading platforms to assist domestic individuals intending to transfer funds in purchasing virtual currencies on a large scale, thereby transferring funds overseas, with the amount involved being approximately 800 million yuan. At the same time, the police found that this gang had provided funding channels and transferred illicit funds for multiple telecom fraud cases and embezzlement cases.

ChainCatcher message, DOGS official posted on the Telegram channel stating, "On-chain withdrawals are now open, users can operate in the application. CEXs and on-chain trading will start at 8 PM Beijing time. Please note: We are gradually rolling out the 'claim' feature. If users do not see the button yet, please check the application again in 15 minutes."

ChainCatcher message, the first Launchpad platform for the BTC ecosystem developed and operated by the Seal community, IBO, has launched today, with staking of $Seal to Earn for the first project token STB starting at 14:00 Beijing time. The IBO platform adopts $Seal to Earn, with the first $Seal to Earn project being Stable++. The total supply of the protocol token STB for Stable++ is 21M, with 20% of the share airdropped first to $Seal stakers on the IBO platform. Of this, 2% will be released in ten days, and the remaining 18% will be released over the next four months.IBO will initially support RGB++ Layer assets, allowing users to obtain project tokens by staking $Seal. The platform supports the establishment of liquidity pools on UTXOSwap through smart contracts and conducts a series of asset issuance and DeFi activities based on smart contracts. In the future, the IBO platform will also cover a wide range of UTXO ecosystems, including BCH and Dogechain, to initiate a wave of Bitcoin Finance (BTCFi) supported by smart contracts.Stable++ is an over-collateralized stablecoin protocol based on UTXO, issuing stablecoins. Stable++ utilizes the Leap feature of the RGB++ Layer to enable the free circulation of stablecoins within the Bitcoin ecosystem and ensures its stability by establishing over-collateralized vaults and efficient liquidation modules. The project has received strategic investment from the CKB ecosystem fund.

ChainCatcher news, BlackRock (BLK.N) announced that its iShares spot Ethereum ETF is set to launch, expected to begin trading on Nasdaq on July 23 (tonight Beijing time).Previous news, the U.S. Securities and Exchange Commission (SEC) has notified at least two of the eight companies applying to launch the first spot Ethereum ETFs in the U.S. that their products could start trading on Tuesday.

ChainCatcher message, the final evaluation results of the ETH Beijing Hackathon main track are out, and the list of award-winning projects is as follows:Public Goods track:First place: POLP (Proof of Location Protocol)Second place: 2PM NetworkThird place: ZK-DiscordOpen Research track:First place: Centralized-PBSSecond place: NFT_searchThird place: NomadBnBLayer2 track:First place: annihilate fiSecond place: zkHumanDIDThird place: Nexus

ChainCatcher news, according to a post by Taiko on platform X, the deadline for contributors eligible for the TAIKO airdrop to link their GitHub accounts to receive the airdrop allocation is today at 13:00 UTC, which is 21:00 Beijing time tonight.

ChainCatcher News: The Beijing Fengtai police have cracked a virtual currency pyramid scheme case. The public security department found that the complainant was actually the suspect.It is reported that the suspect, Xie, joined an organization called "Hua's Association" through a friend's introduction and invested by purchasing virtual currency. After making a profit from a small initial investment, he continued to invest 2 million yuan of his family's savings but did not receive any returns. After being trapped, Xie began to "recruit people" as required by the pyramid scheme, earning commissions and dynamic dividends at different levels, making him a key member of the pyramid scheme in Beijing, developing 9 levels of downlines and involving over 300 people. As the investment platform collapsed, Xie chose to report to the police when faced with debt collection from downline investors.

ChainCatcher news, according to CCTV News, Beijing police and the Beijing branch of the State Administration of Foreign Exchange have jointly cracked a series of cases involving virtual currency, with the amount involved exceeding 2 billion yuan, covering 15 provinces and cities including Beijing, Shanghai, and Zhejiang. It is noteworthy that this case not only involves a variety of concealed criminal methods but is also a "series of cases," ranging from dark web transactions to illegal foreign exchange trading, which is quite complex.It is reported that Beijing police previously received clues indicating that someone was using the "dark web" and virtual currency to transmit information and conduct virtual currency transactions, particularly the illegal sale of various personal information of Chinese citizens. In addition, the police discovered that the suspect Yan was conducting all transactions in the process of selling citizen information through virtual currency. The amount involved in the conversion of virtual currency to cash was particularly large, which also attracted the attention of the police.After in-depth investigation, the criminal facts of six members of the underground bank Lin and the suspect Yan, who illegally sold citizen information, gradually became clear. In December 2023, the police launched simultaneous operations in Wenzhou, Nanjing, Beijing, and Harbin, capturing all the suspects involved in the case. The police seized more than 20 electronic devices such as mobile phones engaged in illegal activities and over 30 bank cards on-site. After counting, the case involved funds exceeding 2 billion yuan, with more than a dozen virtual currency wallets used for illegal transactions.The Economic Crime Investigation Team of the Beijing Municipal Public Security Bureau stated that in China, activities related to virtual currency are considered illegal financial activities. Using virtual currency as a medium for cross-border transactions to achieve illegal exchanges between foreign currency and RMB constitutes illegal foreign exchange trading.

ChainCatcher news, Layer1 public chain Nibiru Chain announced on platform X that it will launch its mainnet at 4 PM Beijing time on March 12, and will be listed on exchanges such as Gateio, Kucoin, MEXC, and Bybit.According to RootData, Nibiru integrates leveraged derivatives trading, spot trading, staking, and joint curve liquidity, enabling users from over 40 blockchains to engage in leveraged trading using a set of composable decentralized applications. Nibiru has completed three rounds of financing, raising a total of $20.5 million.

ChainCatcher News, the Beijing Municipal Development and Reform Commission and 12 other municipal departments of Beijing jointly released the "Beijing's Further Strengthening Energy Conservation Implementation Plan (2024 Edition)," which particularly emphasizes strengthening energy conservation management in key areas such as construction, transportation, industry, and information technology. The plan points out that it will implement the national requirements for the continuous rectification of virtual currency "mining" activities, strengthen monitoring, analysis, and classified rectification of "mining" activities, and resolutely clean up virtual currency "mining" activities within Beijing in accordance with the law and regulations.

ChainCatcher News: The Beijing Municipal Development and Reform Commission and other departments have released the "Beijing's Further Strengthening Energy Conservation Implementation Plan (2024 Edition)." The plan requires continuous efforts to rectify virtual currency "mining" activities, strengthen monitoring and analysis of "mining" activities, classify and rectify them, and resolutely clean up virtual currency "mining" activities in the city in accordance with laws and regulations.

ChainCatcher News, Beijing Equity Exchange Co., Ltd. issued a clarification statement, denying any business dealings, equity cooperation, or other forms of collaboration with the overseas company CBEX Group. The company emphasized that its business is unrelated to CBEX Group and stated that it has never engaged in any form of cryptocurrency or virtual currency trading business.In addition, the Beijing Equity Exchange has registered CBEX as a company trademark and legally owns all intellectual property rights related to the brand, trademark, and name.