ChainCatcher news, on the afternoon of the 7th, the Civil Division 42 of the Seoul Central District Court held the first debate preparation for the lawsuit filed by 27 former and current senior executives of WeMade against the company for approximately 16.2 billion Korean Won in damages.Among these employees, some are still working at WeMade, consisting of members from the subsidiary Wemade Tree (the former blockchain department of WeMade). The company developed WEMIX, which was first listed on cryptocurrency exchanges in 2020. WeMade subsequently merged with Wemade Tree in February 2022.During the debate preparation that day, the plaintiff's representative argued: "The plaintiffs are employees who developed WEMIX and signed a compensation agreement for WEMIX development with the investors. The condition is that they have worked for more than 3 years." They further added: "The company has emails stating that it would clearly promise the plaintiffs token compensation."The judges commented: "The weakness of the plaintiffs is the lack of a contract," and "(even so) it is strange for the defendant to say they cannot give the employees a penny just because there is no contract."Previous news, former and current employees of Wemade Tree (now merged into Wemade), the development company of the WEMIX project, have filed a lawsuit against Wemade for damages amounting to 16.2 billion Korean Won (approximately 11.85 million USD).

ChainCatcher news, according to Jinshi reports, lawyer for Yoon Suk-yeol stated that South Korean President Yoon Suk-yeol will attend the Constitutional Court debate and express his opinion on an appropriate date.

ChainCatcher news, the Constitutional Court of Korea stated that it will hold the first debate on the impeachment case of Yoon Suk-yeol on January 14.

ChainCatcher news, according to Financial界, WeBank has applied for a patent related to blockchain node consensus, aiming to improve the consensus efficiency of blockchain systems. The patent is titled "Node Consensus Method, Device, Equipment and Medium in Blockchain System," with publication number CN 119172383 A, and the application date is September 2024.The patent abstract shows that each node locally stores the corresponding node transaction chain list, and the batch package in any node's transaction chain list is packaged after meeting preset requirements based on voting information. Thus, the consensus master node only needs to determine the last batch package that meets the requirements, significantly improving packaging efficiency without the need for consensus on each transaction, thereby optimizing the node consensus process.

ChainCatcher news, according to TheBlock, the Bavarian State Office for Data Protection Supervision in Germany has ordered Worldcoin's human verification project to delete biometric data collected through eye scans. Worldcoin stated that it has changed its processes, and the findings of the German regulators "largely" pertain to "outdated operations and technologies that have been replaced in 2024."The Bavarian State Office for Data Protection Supervision concluded an investigation that began in April 2023, stating in a release on Wednesday: "Worldcoin is obligated to provide a deletion procedure compliant with GDPR (General Data Protection Regulation) within one month after the decision takes effect, and to delete certain previously collected data records without sufficient legal basis."OpenAI CEO Sam Altman stated that measures have been taken in recent months to alleviate regulators' concerns, including transitioning to a system where Worldcoin no longer stores biometric data. To comply with GDPR requirements, the iris codes used to verify individual World IDs will no longer be stored, and previously collected iris codes will be voluntarily deleted, ensuring that no personal data used to operate World IDs is retained.

ChainCatcher news, Indian cryptocurrency exchange WazirX has released an asset rebalancing and distribution plan, which has been approved by creditors and recognized by the court. The plan includes four main components:The net liquid platform assets will be rebalanced to ensure fair value distribution, and the first distribution to creditors will be made in the form of tokens within 10 working days after the plan takes effect.Recovery Tokens (RTs) will be issued to allocate subsequent recovery amounts from surplus, illiquid wallet assets, and stolen assets. When the net recovery amount available for purchasing RTs exceeds $10 million, WazirX will provide creditors with the opportunity to purchase RTs quarterly; if below this amount, it will be deferred to the next quarter for assessment.The future trading functionality of RTs is being evaluated to provide creditors with additional liquidity options.All distribution withdrawals must strictly comply with KYC and risk management requirements to ensure process compliance.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on X, stating that the debate over Bitcoin's strategic reserves has evolved into a dilemma:Supporters argue: As the dominance of the dollar weakens, Bitcoin will become an inevitable alternative and should be adopted early.Opponents worry: Bitcoin threatens the dollar's hegemonic status and should not disrupt the status quo.

ChainCatcher news, Indian crypto exchange WazirX tweeted that it is undergoing asset rebalancing. During this process, users may notice fund movements between cold wallets. The official statement indicates that the temporary consolidation of assets is a necessary step for the final allocation to ensure the security of cold wallets. Once the rebalancing and wallet management tasks are completed, a complete list of all cold wallets and their respective held tokens will be shared.

ChainCatcher news, according to the Financial Times: Meta Platforms CEO Mark Zuckerberg seeks to play a "constructive role" in discussions with the incoming U.S. government on technology policy. (Jin Shi)

ChainCatcher news, FxPro Chief Market Analyst Alex Kuptsikevich mentioned that the recent deep pullback in Bitcoin may be attributed to other factors, as the easing of geopolitical tensions between Lebanon and Israel has weakened investors' demand for safe-haven assets like Bitcoin.Additionally, 21Shares' crypto research strategist Matt Mena stated that such pullback behavior has also occurred at previous Bitcoin highs. He explained, "In March of this year, when Bitcoin hovered around the historical high of $69,000 from 2021, a similar pattern emerged.Bitcoin lingered at that price level for nearly seven days before finally breaking through... When the price approached this level, many participants from the previous cycle began to take profits, as they anticipated a potential pullback."

ChainCatcher news, Mechanism Capital partner Andrew Kang posted on social media: "If you believe the market will rise significantly from now on and that there will be overheating, then you must believe that the NFT market will make a comeback as a way for people to show off digitally.Memecoins have indeed siphoned off some speculative energy from the NFT market, but those who still hold NFTs are not in a hurry to sell. There is almost no supply in the market, so it only takes a small wave of enthusiasm to reignite momentum.Azuki is about to launch AnimeCoin, and other top projects may take similar actions, which could serve as catalysts.This is also why I think BLUR is a good choice, with significant upside potential in the future. With most unlocks already completed and the token not having experienced a major increase yet, it currently appears quite attractive as a bet on the overall NFT industry. Since its launch, BLUR has almost absorbed the entire market share of the NFT market."

ChainCatcher news, according to the Hong Kong Monetary Authority, JPMorgan, R3, and WeBank will join the Ensemble project architecture working group as new members. Previously, the working group members included the Monetary Authority, the Securities and Futures Commission, the Hong Kong Centre under the Bank for International Settlements Innovation Hub, the CBDC Expert Group, and seven private institutions.In addition, China Construction Bank (Asia) Corporation Limited, Fubon Bank (Hong Kong) Limited, Yintong, and OSL Digital Securities Limited will become new participants in the Ensemble project and will conduct testing on fixed income and investment fund use cases in the Ensemble sandbox.