ChainCatcher News, President Trump: A "beautiful big deal" is coming, possibly bigger than tariffs. Regarding the trade agreement, Trump stated: I think we are doing very well. (Jin Shi)

ChainCatcher message, Terra tweeted that the deadline for creditors to submit claims for crypto losses to the Terraform Labs Pte. Ltd. Wind Down Trust is May 17 at 11:59 PM Beijing time.Creditors must submit eligible crypto loss claims through the website before this date. Late submissions will not be accepted.

ChainCatcher news, according to GMGN data, may be influenced by the news of "Pope Francis's death," with the LUCE token rising over 102% in 24 hours, currently reported at $0.018.It is reported that Pope Francis passed away on April 21 at the age of 88. Francis's birth name was Jorge Mario Bergoglio, born on December 17, 1936, in Buenos Aires, Argentina, and he has served as the Pope of the Roman Catholic Church since 2013.

ChainCatcher news, according to DL News, Cardano founder Charles Hoskinson responded to not being invited to the White House Crypto Roundtable in an exclusive interview, stating "there's no need to make a deal with Trump," and emphasized that the current U.S. push for crypto policy reform should focus on a "sustainable, long-term framework," rather than being reliant on short-term political figures.Previously, Trump met with crypto executives including Coinbase CEO Brian Armstrong, MicroStrategy Executive Chairman Michael Saylor, and Ripple CEO Brad Garlinghouse at the White House to discuss digital asset regulation, while Hoskinson, seen as a representative of the sovereign blockchain camp, was not invited, despite the White House recently considering including ADA in the national crypto reserve.Hoskinson stated that he is lobbying globally to promote blockchain policy, closely engaging with U.S. Senate Banking Committee Chairman Tim Scott to support his proposed stablecoin legislation, the Genius Act; meeting with former Digital Transformation Minister Takaya Hirai in Japan; and communicating with President Milei's team in Argentina. He stressed that even if Trump issues a crypto executive order, establishes a Bitcoin strategic reserve, and appoints crypto-friendly individuals to lead the SEC, the real importance lies in the regulatory stability brought about by legislation.

ChainCatcher news, according to official news, the Ethereum Foundation has announced that the 6th batch of the Ethereum Protocol Fellowship program (EPF6) is open for applications. The application for EPF6 will close on April 30, and the sixth session will take place from June to November 2025, where participants will have the opportunity to connect with mentors from the core development community.The project team will hold an informational session on April 21 at 4 PM UTC to answer related questions.

ChainCatcher news, Federal Reserve Chairman Powell stated that cryptocurrencies are gradually becoming mainstream, and establishing a legal framework for stablecoins is a good idea. Stablecoins may have broad appeal and consumer protection measures should be established. (Jin Shi)

ChainCatcher news, according to Cointelegraph, suitable market makers can act as boosters for crypto projects, helping them to launch on mainstream trading platforms, providing liquidity, and ensuring that tokens are tradable. In the field of market making, a popular yet often misunderstood model is called the "loan option model." In this model, the project lends tokens to market makers, who then use these tokens to provide liquidity, stabilize prices, and assist the project in launching on crypto trading platforms. However, in reality, this model has become a "death sentence" for many new projects.Behind the scenes, some market makers are profiting from this token loan structure, which is often packaged as "low risk, high return," but in reality can severely impact token prices, leaving nascent crypto teams in chaos and struggle. Ariel Givner, founder of Givner Law, stated, "The way it works is: market makers borrow tokens from the project at an agreed price, in exchange for their promise to help these tokens launch on major trading platforms. If they fail to fulfill this promise, they must repay the tokens at a higher price within a year."However, what often happens in reality is that market makers sell the borrowed tokens, triggering an initial price crash. After the token price has been driven down, they then buy back the tokens at a lower price, profiting from the difference.

ChainCatcher message, Terra officials announced on the X platform that the deadline for submitting cryptocurrency loss claims to the Terraform Labs Pte. Ltd. liquidation trust fund is May 16, 2025, at 23:59 ET (May 17, 2025, at 11:59 Beijing time). Creditors must submit their eligible cryptocurrency loss claims before this date. Late submissions will not be accepted.

ChainCatcher news, the S&P 500 index in the U.S. rose on Monday but showed a "death cross" signal, with the 50-day moving average crossing below the 200-day moving average, the first occurrence since March 2022. Technical analysts typically view a death cross as a signal that the downtrend will intensify.Although the index has usually experienced further declines after a death cross, this pain is often short-lived. Data shows that the overall average of the S&P 500 index tends to rise 2.5%, 4.2%, and 5.8% after 3 months, 6 months, and 12 months, respectively. Paul Ciana, Chief Technical Strategist at Bank of America Securities, stated that the impact of the S&P 500's death cross on future markets is inconclusive. A key factor is whether the 200-day moving average at the close has declined over the past five trading days. If so, it may indicate that the stock market has more room to decline in the near future. According to Ciana, this could be a clear signal that the index may retest last week's low of 2025.

ChainCatcher news, according to Jinshi reports, the European Commission stated that it will take the first batch of countermeasures against U.S. tariffs on April 15. The EU side indicated that if a fair deal is reached with the U.S., counter-tariffs could be suspended.

ChainCatcher message, Sun Yuchen published the "Seven Deadly Sins" of First Digital Trust (FDT) on social media, including: violation of fiduciary duty, misuse of client funds, unlicensed investment activities, fraud or theft, false reporting or concealment of information, violation of anti-money laundering (AML) regulations, violation of Hong Kong POBO regulations. The details are as follows:Crime 1: Violation of Fiduciary DutyAccording to the Hong Kong Trust Ordinance (Chapter 29), trustees must act with care, diligence, and loyalty. Misappropriation of client funds violates Section 4 (reasonable care obligation) and the principles of trust. Clearly, FDT will bear liability for compensation and damages in civil litigation.Crime 2: Misuse of Client FundsThe Securities and Futures (Client Money) Rules (Chapter 571) stipulate that custodial funds must not be used for the custodian's own purposes. Client assets must be held in segregated accounts, and unauthorized withdrawals are strictly prohibited. By transferring TUSD funds to ARIA DMCC without proper authorization, FDT faces enforcement actions, including fines, revocation of licenses, or criminal prosecution.Crime 3: Unlicensed Investment ActivitiesAlthough FDT is registered as a Trust or Company Service Provider (TCSP), it has no SFC license to conduct regulated activities on behalf of clients. Its so-called investment activities involving TUSD assets at ARIA directly violate the provisions of the Securities and Futures Ordinance, which prohibits engaging in regulated activities without a license.Crime 4: Fraud or TheftMisappropriation of funds with the intent to deceive clients constitutes fraud or theft. FDT conspired with accomplices (such as Aria CFF, Truecoin (Alex De Lorraine), Crossbridge/Finaport (Yai Sukonthabhund)) to cover up the misappropriation by falsifying records and claiming to have made false investments.Crime 5: False Reporting or Concealment of InformationTo cover up misappropriation or unauthorized transactions, FDT provided false statements and fraudulent documents, claiming that TUSD funds were intact and invested as instructed. This violates Section 300 of the Securities and Futures Ordinance (using fraudulent or deceptive means in securities transactions).Crime 6: Violation of Anti-Money Laundering (AML) RegulationsBy transferring misappropriated funds through complex transactions or offshore accounts to conceal their source, FDT facilitated and/or constituted a violation of anti-money laundering regulations.Crime 7: Prevention of Bribery Ordinance (POBO)The Prevention of Bribery Ordinance is the primary legislation in Hong Kong governing secret commissions. It criminalizes corrupt transactions, including agents receiving undisclosed benefits or commissions without the principal's consent. FDT/Legacy, under the direction of Vincent Chok, received secret kickbacks from DMCC in exchange for the illegal transfer of TUSD custodial funds.

ChainCatcher news, TronBank.Pro will attend the "Crypto 2025: Breaking the Deadlock and New Beginnings" event on April 8. TronBank.Pro is an energy leasing and TRX staking financial platform within the TRON ecosystem, dedicated to helping users save on transaction and transfer fees on the TRON blockchain, while also enabling users to increase their earnings by staking idle TRX.It is reported that the "Crypto 2025: Breaking the Deadlock and New Beginnings" event will be held on April 8 from 14:00 to 18:00 at the 2nd floor of the Hong Kong Dorsett Event Hall (28 Stanley Street, Central). The event is co-hosted by Web3 data company RootData and ChainCatcher. This event will invite several leaders from the crypto industry, representatives of cutting-edge innovative projects, top VCs, and well-known KOLs, focusing on hot topics in crypto such as AI, RWA, and PayFi, to discuss the future of the industry.

ChainCatcher news, Cointelegraph reported that FTX creditors must now submit their KYC verification by the new deadline of June 1, 2025, or their claims may be rejected.