ChainCatcher news, according to Cointelegraph, the financial regulatory agency of Oregon has announced the revocation of Binance.US's money transmission license and has prohibited it from accepting fund transfers or holding fiat and cryptocurrency assets for customers in the state.It is reported that this is the sixth U.S. state to take regulatory action against Binance.US since former CEO Zhao Changpeng pleaded guilty last November. Previously, states such as Florida, Alaska, North Carolina, Maine, and Connecticut had suspended or refused to renew Binance.US's operating license. Meanwhile, Binance.US has never obtained licenses in New York, Texas, Vermont, and Hawaii.

ChainCatcher news, blockchain chip startup Chain Reaction has completed a $70 million financing round, led by Morgan Creek Digital.Alon Webman, co-founder and CEO of Chain Reaction, stated that the company will begin mass production of its blockchain chip Electrum in the first quarter of this year. The chip is designed to execute blockchain operations known as "hashing" very quickly and efficiently, and can also be used for mining digital currencies such as Bitcoin. (Reuters)

ChainCatcher news, Zhao Changpeng stated that with the fall of FTX, we will see a chain reaction, especially among those institutions or individuals close to FTX. In the coming weeks, we may see more crypto companies going bankrupt. (Financial Times)