ChainCatcher news, according to Bloomberg, a union in the United States is seeking a temporary court order to prevent the U.S. Treasury from handing over personal and financial data of Americans to Elon Musk's government efficiency task force. The lawsuit mentions reports that after a career official at the Department of Justice resigned, Treasury Secretary Scott Bessent allowed the DOGE team access to the federal payment system last week. The lawsuit claims that these systems contain confidential information about taxpayers, employees, and companies.

ChainCatcher news, according to The Wall Street Journal, the U.S. Securities and Exchange Commission (SEC) has reassigned its chief litigation counsel Jorge Tenreiro to the IT department responsible for maintaining the agency's computer systems. Tenreiro previously led six significant lawsuits against multiple cryptocurrency exchanges.At the same time, the SEC also adjusted the position of a lawyer involved in developing accounting guidelines for cryptocurrency custody. These guidelines had previously posed obstacles for banks providing cryptocurrency custody services to clients.

ChainCatcher news, according to the FDIC official website, the Federal Deposit Insurance Corporation (FDIC) released 175 documents today regarding the regulatory status of banks involved in or attempting to engage in crypto-related businesses.Acting Chairman Travis Hill stated that the FDIC had previously disclosed 25 "cease and desist" letters received by 24 banks, and the documents released this time include more correspondence from these banks, as well as related communications from other banks. The documents show that banks' requests for crypto business generally faced resistance, including repeated demands from regulators for additional information, long periods without response, or direct instructions to suspend all crypto and blockchain activities, leading most banks to ultimately abandon their related attempts.Hill indicated that the FDIC is re-evaluating its regulatory approach to crypto-related businesses and plans to replace the 2022 regulatory guidance (FIL 16-2022) to provide a compliance pathway for banks engaging in crypto activities while ensuring safety and soundness. The FDIC will also participate in the presidential working group to align with the presidential executive order on January 23 regarding the regulation of the digital asset market.

ChainCatcher message, Whale Alert monitoring, a few minutes ago, 36,200 ETH (approximately $102 million) was transferred from the Ceffu wallet to an unknown wallet. Subsequently, the unknown wallet address transferred 36,909 ETH (approximately $104 million) to Binance exchange.Currently, the unknown wallet address still holds about 9,130 ETH, while the Ceffu wallet holds approximately 347,000 ETH (worth about $970 million).

ChainCatcher news, according to a report by CoinDesk, Citibank's latest research report points out that as the cryptocurrency market matures, the investor base expands, and technology advances, its correlation with the stock market will gradually decrease. The report shows that in 2024, cryptocurrency will be the only asset class whose market capitalization as a proportion of U.S. stocks continues to grow.Analyst Alex Saunders stated that the increasingly transparent U.S. regulatory framework will encourage cryptocurrencies to form more independent trends, and as institutional investor participation increases, Bitcoin's volatility is expected to decline in the long term. Citibank also suggested paying attention to the correlation between Bitcoin and gold, believing that this may indicate the development of its store of value properties.

ChainCatcher news, venture capital firm a16z stated that the U.S. Department of Justice (DOJ) should stop holding DeFi protocols accountable for unlawful activities that they did not instigate and cannot control.It stated that holding people accountable for systems and activities over which they have no power or control can lead to negative consequences. Unfortunately, the DOJ has overlooked this distinction and is attempting to do so by making software developers responsible for the actions of third parties using neutral tools that they originally created but no longer control.The agency stated that the new presidential administration in the U.S. should focus its primary policy on cryptocurrency on codifying the correct and legal understanding of "control" in law. a16z believes this is particularly important for determining whether cryptocurrency companies qualify as "money transmission businesses," as such businesses are required to comply with specific rules and obligations.

ChainCatcher news, according to Spot On Chain monitoring, 8 hours ago, a smart whale starting with 0x257 deposited 7.96 million dollars worth of 4 assets into Binance, including 3 major DeFi tokens, specifically:13,816 AAVE, +2.56 million dollars profit (+255%);161,463 LINK, +2.13 million dollars profit (+213%);85,529 UNI, +258 thousand dollars profit (+52%);289,399 EIGEN (531 thousand dollars).It is reported that this whale has been a long-term holder of AAVE, LINK, and UNI since mid-2022.

ChainCatcher message, according to @ai_9684xtpa's monitoring, the RAY whale deposited 3.07 million RAY (approximately 18.58 million USD) to Binance and Gate 5 hours ago, and if sold, it would profit 5.82 million USD.The source address of the funds has withdrawn 14.78 million RAY from the trading platform at an average price of 4.15 USD over the past 7 months, worth up to 61.46 million USD.It is reported that the deposit address also has financial transactions with "ai16z & ZEREBRO Top7 holding whales," and yesterday this whale deposited 9.24 million USD of ai16z to the trading platform through this address.

ChainCatcher news, according to a report by tokenpost citing CryptoPotato, the U.S. Department of Justice has charged 22-year-old Canadian hacker Andean Medjedovic with five counts on February 3 local time, including telecommunications fraud, unauthorized damage to protected computers, extortion, and money laundering.Prosecutors claim that Medjedovic hacked into two DeFi protocols, Indexed Finance and KyberSwap, between 2021 and 2023, stealing approximately $65 million in cryptocurrency by manipulating smart contracts.The suspect argued that exploiting vulnerabilities in smart contracts was legal under the principle of "code is law," but this was dismissed by U.S. prosecutors. If convicted, he faces a maximum sentence of 20 years in prison.

According to ChainCatcher news reported by CryptoPotato, on February 3 local time, the U.S. Department of Justice charged 22-year-old Canadian hacker Andean Medjedovic with five counts, including telecommunications fraud, unauthorized damage to protected computers, extortion, and money laundering.Prosecutors stated that Medjedovic hacked into two DeFi protocols, Indexed Finance and KyberSwap, between 2021 and 2023, stealing approximately $65 million in cryptocurrency by manipulating smart contracts.The suspect argued that exploiting vulnerabilities in smart contracts was legal under the principle of "code is law," but this was rejected by U.S. prosecutors. If convicted, he faces a maximum sentence of 20 years in prison.

ChainCatcher news, the U.S. Treasury Department stated that the personnel sent by Musk to the Department of Government Efficiency (DOGE) have "read-only" access to its $5 trillion sensitive payment system, and no payments have been paused or denied.An unnamed official stated in a letter on Tuesday evening: "The ongoing review of the Treasury's systems will not result in any payment instructions submitted to the Treasury by other federal agencies being paused or denied. In particular, the review by the Treasury has not led to delays or changes in payments for obligations such as Social Security and Medicare."This letter marks the first public acknowledgment and explanation by the Treasury regarding the role of Tom Krause, CEO of Cloud Software Group, in relation to DOGE. In recent weeks, Krause has been described as a central figure connected to DOGE, pushing efforts to ensure access to the payment system, and ultimately received access granted by Treasury Secretary Scott Bessent.The letter stated that Krause is now an employee of the Treasury, with "read-only access to the encoded data of the Treasury's payment systems to continue this operational efficiency assessment."

ChainCatcher news, according to CNN, the U.S. Treasury Department stated that the personnel from the Department of Government Efficiency (DOGE) sent by Musk have "read-only" access to its $5 trillion sensitive payment system. In response to a letter from lawmakers, the Treasury emphasized that the current review work will not result in any payments being suspended or denied, particularly mandatory payments such as Social Security and Medicare are unaffected.This is the first time the Treasury has publicly detailed the functions of DOGE personnel, especially the role of Tom Krause, CEO of Cloud Software Group. The letter mentioned that Krause is now an employee of the Treasury, responsible for continuously assessing the operational efficiency of the payment system, and has "read-only access" to the coded data.

ChainCatcher news, according to The Block, the decentralized gaming infrastructure platform Beamable has completed a $13.5 million Series A funding round, led by Bitkraft Ventures, with participation from Arca, Advancit Capital, 2Punks, P2 Ventures, Solana Foundation, Scytale Digital, defy.vc, GrandBanks Capital, and Permit Ventures.The new funding round aims to accelerate the development and expansion of Beamable Network, a decentralized physical infrastructure network (DePIN) designed to change the way backend infrastructure for games is built and operated. Beamable Network is committed to transforming on-site game support by reducing reliance on centralized hyperscalers.

ChainCatcher news, the decentralized data infrastructure CESS Network is about to launch a decentralized AI cloud computing platform based on DePIN, dedicated to providing efficient, flexible, and low-cost solutions for AI computing, ushering in a new era of decentralized AI as a Service (AIaaS). Following the launch of the industry's first AI data protocol AI LINK and the AI Agent aggregation platform AI Agent Hub, the plan for the CESS AI cloud computing platform marks the completion of its "data-computing-application" full-stack AI infrastructure layout.The platform decentralizes the sharing of GPU resources, breaking through the high costs, low efficiency, and security risks of traditional cloud computing, allowing users to easily access AI models and computing resources without managing complex hardware; it supports elastic computing and dynamic resource allocation, optimizing AI computing needs, avoiding resource waste, and is widely applicable to various AI applications such as AI NFTs, intelligent dialogue, and real-time translation.As an important force in promoting the integration of Web3 and AI, CESS will reshape the AI computing ecosystem and value distribution rules, sharing the AI growth dividends with every DePIN contributor and participant.

ChainCatcher News, American Bitcoin ATM operator Bitcoin Depot (NASDAQ: BTM) announced that it has purchased an additional $5 million worth of Bitcoin as part of its financial strategy, which was first announced last June.With the purchase of 51 BTC yesterday, the company now holds 71.5 Bitcoins. Bitcoin Depot is the largest Bitcoin ATM operator in North America, with approximately 8,400 kiosks.

ChainCatcher news, according to monitoring by The Data Nerd, a certain whale deposited 1.22 million LDO and 1.16 million OP to Binance 10 hours ago.The average cost of this address for LDO was $1.75 (2 years ago), and for OP it was $1.93 (last year), with an estimated total loss of about $729,000.

ChainCatcher news, according to Lookonchain monitoring, Huang Licheng deposited 1,000 ETH (2.85 million USD) to Binance again before the market crash.

ChainCatcher news, Binance co-founder He Yi stated:Binance Labs has been renamed to Yzi Labs and operates independently, with Ella Zhang as the head. Zhao Changpeng directly manages Labs, and they are completely independent teams from Binance, making their own decisions. There are multiple firewalls isolating the listing process at Binance, but it is undeniable that the amount of tokens offered for airdrops to Binance users will serve as a reference indicator.The information about Labs staff and publicly available investment projects, as well as the names of other market investors, is basically public market information. If there are records of bribery, please provide evidence, and public supervision is encouraged. Reports regarding Labs can be sent directly to Zhao Changpeng or Ella, while reports about Binance and He Yi can be sent to the publicly available Binance internal audit email. The reward for reporting is valid for a long time.Do not believe any scams claiming to be friends, relatives, or acquaintances of He Yi or Zhao Changpeng. It is hoped that Labs and all industry practitioners and investors will become close friends, and as a co-founder of Binance, I believe in "user first."