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.

ChainCatcher news, OKX Chinese Brand Director Lanng will attend the "Crypto 2025: Breaking the Deadlock and New Birth" event on April 8.It is reported that the "Crypto 2025: Breaking the Deadlock and New Birth" event will be held on April 8 from 14:00 to 18:00 at the 2nd floor of the Hong Kong Convention and Exhibition Centre (28 Stanley Street, Central). The event is co-hosted by Web3 data company RootData and ChainCatcher. This event will invite multiple leaders from the crypto industry, representatives from cutting-edge innovation projects, top VCs, and well-known KOLs to focus on hot topics in crypto such as AI, RWA, and PayFi, discussing the future of the industry.

ChainCatcher message, Glassnode posted on platform X that a signal similar to a death cross has appeared on the Bitcoin chain. The 30-day volume-weighted price of Bitcoin has fallen below the 180-day volume-weighted price, indicating a weakening momentum.Historically, this pattern often signals a bearish trend in the following 3 to 6 months.

ChainCatcher message, in response to a proposal on asset tokenization model sent to Zhao Changpeng by a certain user, Zhao Changpeng stated: "I am not interested in fancy models. And I never buy ideas. Ideas are worthless. Execution is key. Here is a passage I wrote before: My investment philosophy includes three key principles: 1. Focus on fundamentals: Pay attention to the essence, which includes product, user growth, revenue/profit, and the strength of the team. 2. Long-term bets, get in early and hold: Early adopters often reap disproportionate rewards, and the best approach is to hold investments for the long term, as significant successes like Amazon or Google develop over time. 3. Invest in mission-driven founders: Invest in founders and teams with a vision beyond profit; great companies stem from mission-driven thinking, as founders who focus solely on money often waver after achieving moderate success."

ChainCatcher news, according to the Financial Times, based on the terms of the deal, several informed sources revealed that a group of new external investors, including a16z, Blackstone Group, Silver Lake Partners, and other large private equity firms, will own about half of TikTok's U.S. business. These sources indicated that the U.S. business will be spun off from its parent company, ByteDance, based in Beijing.TikTok's existing major investors, including General Atlantic, Susquehanna, KKR, and Coatue, will also hold about 30% of the U.S. business.According to individuals involved in the process, these plans are still in the preliminary stages and may change. This was formulated ahead of the U.S. legal deadline on April 5, which requires that unless the Beijing owners sell to a non-Chinese entity, the app will be banned in the U.S.Officials from President Trump’s administration are scheduled to meet on Wednesday to discuss the negotiation status, with several individuals stating that if the president gives approval, the deal could be announced soon. A White House spokesperson stated, "If there is a statement regarding TikTok, it will be made by President Trump."One individual warned that the situation remains unstable, and the White House could still abruptly change plans. According to the terms of the deal, ByteDance will retain less than 20% of the business shares to comply with U.S. legislation, which stipulates that "foreign adversaries" cannot control more than one-fifth of the shares. Informed sources added that the plan will still require several months of further due diligence, structural adjustments, and other corporate financing commitments, which is typical in acquisition transactions, and the structure may change, with some equity supporters potentially increasing or decreasing their proposed investments. One individual stated that these groups will have three to four months to complete the divestiture process.

ChainCatcher news, according to Cointelegraph, the cryptocurrency exchange Kraken has announced that it has registered as a restricted dealer in Canada and appointed Cynthia Del Pozo as the new General Manager for North America.It is reported that a restricted dealer is one of the eight types of company registrations in Canada, used to inform investors about the products and services they can offer. This is a special registration applicable to companies that "do not fully fit into other categories" and is subject to specific requirements or conditions imposed by securities regulators.

ChainCatcher news, according to CoinDesk, the bankrupt cryptocurrency lending platform BlockFi has announced that creditors must complete their asset claim by May 15, 2025, or unclaimed assets will be transferred to other unsecured creditors. Currently, the claim rate for U.S. customers has reached 97%, while only 43% of non-U.S. customers have completed their claims.BlockFi stated that the low claim rate may be due to some customers mistakenly treating the claim notifications as spam or phishing attacks. The company emphasized that some customers may need to complete KYC verification to receive their asset distribution.BlockFi filed for bankruptcy protection in November 2022 and announced in July 2024 that it would distribute assets at 100% of the dollar value of customer claims at the time of the bankruptcy filing. The company is now urging all eligible customers who have not yet completed their claims to act quickly to avoid missing the deadline.

ChainCatcher news, Aethir's Chief Architect Jaden Yan will attend the "Crypto 2025: Breaking the Deadlock and New Birth" event on April 8. Aethir is a decentralized real-time rendering network that unlocks content accessibility in the metaverse. Aethir builds scalable, decentralized cloud infrastructure (DCI), and its network helps gaming and AI companies (regardless of size) deliver their products directly to consumers, no matter where they are or what hardware they have.It is reported that the main event of "Crypto 2025: Breaking the Deadlock and New Birth" is hosted by Web3 data company RootData and ChainCatcher during the Hong Kong Web3 Festival HK.The event will be held on April 8 from 14:00 to 18:00 at the 2nd floor of the Hong Kong Convention and Exhibition Centre (28 Stanley Street, Central, Hong Kong), focusing on hot topics in crypto such as AI, RWA, and PayFi, gathering industry leaders to explore trends and help investors seize new market opportunities.Several representatives from cutting-edge innovative projects, including Solana Foundation advisor Adam Jin, Alchemy Pay ecosystem head Arda Senoz, and Avalanche Chinese market head Jenny, will attend. In addition, top VCs and well-known KOLs will also gather on-site to discuss the future of the industry.Click link to register now, and industry professionals are welcome to participate in the exchange.

ChainCatcher news, the U.S. Department of Justice seeks the death penalty for suspect Luigi Nicholas Mangione, accused of murdering the CEO of UnitedHealth (UNH.N).After the news was released, the meme coin named after Luigi Nicholas Mangione, Luigi, briefly surged over 350% before retreating, currently priced at $0.0052678, with a market cap rising to $5.3 million.

ChainCatcher news, Solana Foundation advisor Adam Jin will attend the "Crypto 2025: Breaking the Deadlock and New Beginnings" event on April 8. The Solana Foundation is a non-profit organization dedicated to the decentralization, growth, and security of the Solana network.It is reported that ChainCatcher and RootData will hold an offline event themed "Crypto 2025: Breaking the Deadlock and New Beginnings" on April 8 from 14:00 to 18:00 during the Hong Kong Web3 Festival HK. This event invites several leaders from the crypto industry, representatives of cutting-edge innovative projects, top VCs, and well-known KOLs, who will gather to discuss a new chapter in the crypto market.

ChainCatcher news, Alchemy Pay ecosystem head Arda Senoz will attend the "Crypto 2025: Breaking Through and Rebirth" event on April 8. Alchemy Pay is a payment solution provider that connects global consumers, merchants, developers, and institutions to the fiat and crypto economy.It is reported that ChainCatcher and RootData will host an offline event themed "Crypto 2025: Breaking Through and Rebirth" on April 8 from 14:00 to 18:00 during the Hong Kong Web3 Festival HK. This event invites multiple leaders from the crypto industry, representatives of cutting-edge innovative projects, top VCs, and well-known KOLs, who will gather to discuss a new chapter in the crypto market.

ChainCatcher news, according to CryptoQuant analyst Yonsei dent, the Bitcoin MVRV (Market Value to Realized Value ratio) indicator showed a "death cross" signal in early March when the 30-day moving average crossed below the 365-day moving average, indicating weakened short-term momentum and increased downward pressure.Historical data shows that this signal is usually accompanied by price corrections. With the current MVRV close to the long-term historical average, the market has moved out of the overheated range, but no clear bottom signal has emerged yet, and investors should be cautious of further downside risks.

ChainCatcher news, the Web3 AI Agent Infra project DeAgent AI's community-incubated product AlphaX, after expanding its deployment to opBNB, has seen a user growth rate of 75.38% in the past 24 hours, a trading volume surge of 130.66%, with the number of users exceeding 240,000 and processing over 1 million transactions, becoming the top-ranked DApp across all chains and categories.It is reported that AlphaX is the first AI model incubated by the community based on the DeAgentAI feedback training mechanism, capable of predicting the price trends of BTC and ETH. The platform allows users to provide feedback on the prediction results, offering key parameters for continuous model optimization.DeAgent AI is the AI agent infrastructure within the BSC, Movement, and BTC ecosystems, capable of rapidly deploying AI models in various segmented scenarios to achieve autonomous decision-making and execution. By utilizing a minimum entropy consensus mechanism, it ensures the consensus, unity, and continuity of AI agents, promoting the adoption of decentralized intelligent consensus mechanisms and accelerating the transformation of human society towards an AI-driven future.

ChainCatcher news, according to the official announcement from Terra, the claims portal for cryptocurrency asset losses from Terraform Labs will open on March 31, 2025. Creditors can submit eligible cryptocurrency asset loss claims through the claims website, providing proof materials such as wallet addresses/read-only API keys, and completing the full claims form. The deadline for claim submissions is April 30, 2025, at 23:59 (Eastern Time), and late submissions will not be accepted.