ChainCatcher news, according to Caixin, reporters learned on December 27 local time that U.S. President-elect Trump has requested the U.S. Supreme Court to suspend the enforcement of the TikTok forced sale order. Trump stated that he hopes the court will give him time to resolve this dispute through political means after he officially takes office on January 20 next year.On December 18 local time, the U.S. Supreme Court announced that it would discuss the bill to ban TikTok from operating in the U.S. again. According to reports, the U.S. Supreme Court will debate this case on January 10, allowing the court to make a ruling on the issue before the law takes effect on January 19.The bill requires TikTok's parent company, ByteDance, to divest TikTok, or else TikTok will be banned from operating in the U.S. ByteDance has made it clear that it will not sell the TikTok business.

ChainCatcher news, according to Cointelegraph, some analysts believe that Bitcoin's price is closer to the milestone of $1,000,000 than it appears, as Bitcoin has experienced 7 tenfold increases in its history (starting from $0.01), and it only needs to undergo one more tenfold rise to reach $1,000,000 next time.

ChainCatcher news, according to Blockworks, as current chairman Gary Gensler is set to depart, the U.S. Securities and Exchange Commission (SEC) retains only Republican commissioners Hester Peirce and Mark Uyeda, awaiting Senate approval of new commissioners nominated by Trump.Peirce stated at the Blockchain Association Policy Summit that the SEC's regulatory stance on the crypto industry will undergo a significant shift, with a reduction in reliance on enforcement measures expected. Uyeda pointed out that there is currently a lack of regulatory transparency, particularly regarding the SAB 121 policy, which requires digital asset custodians to report liabilities and corresponding assets but has not undergone the public comment process mandated by the Administrative Procedure Act.Although Congress attempted to overturn the policy, it was ultimately vetoed by President Biden. Peirce acknowledged that policy adjustments are not easy, but believes that the joint efforts of regulators and the industry can achieve the goals.

ChainCatcher news, according to Ledger Insights, the German parliament has passed the "Financial Market Digitalization Act."This act not only involves cryptocurrencies and MiCAR but also affects other EU laws, such as DORA and the Funds Transfer Regulation. Most of the European crypto assets market regulation (MiCAR) will come into effect by the end of the year, but German companies are unable to obtain MiCAR cryptocurrency licenses issued by BaFin due to legislative delays. Foreign companies can operate freely in Germany and the EU after obtaining licenses elsewhere. Each country must designate a regulatory authority to issue licenses to crypto asset service providers, with Germany designating BaFin, but the relevant legal draft had previously not been passed.

ChainCatcher news, on Wednesday, the German Parliament (Bundestag) finally passed the bill, the Financial Market Digitalization Act (Finanzmarktdigitalisierungsgesetz of FinmadiG). It was placed on the agenda in a short time to ensure that legislation is in place before MiCAR comes into full effect on December 30.FinmadiG not only concerns cryptocurrencies and MiCAR but also affects other EU laws, such as DORA and the Funds Transfer Regulation. However, for MiCAR, it introduces the Cryptocurrency Market Regulation Act (KMAG), which replaces Germany's old cryptocurrency rules with MiCAR.

ChainCatcher news, the world's first stablecoin payment public chain BenFen has officially launched its high-end payment product BenPay Platinum Card. As the core product of the BenPay business line under the public chain ecosystem, the Platinum Card aims to provide users with secure and stable cryptocurrency payment services globally.The BenPay Platinum Card is based on the BenFen public chain, with all fund flows transparently recorded on-chain, addressing security risks in traditional payment systems. At the same time, the Platinum Card supports global mainstream payment platforms such as Apple Pay, Google Pay, WeChat Pay, and Alipay, truly achieving seamless cross-border payment.The core advantages of the Platinum Card also include a recharge fee rate as low as 1%, unlimited recharge and consumption, 0 monthly fees, and 0 transaction fees, providing strong support for the daily use of cryptocurrency assets.Meanwhile, a simple and elegant physical crypto card will soon be launched, aimed at invited users, with limited issuance, supporting ATM cash withdrawal functions globally, meeting the diverse payment needs of high-end users, whether for business travel or high-end consumption, providing convenience and security.Through the BenFen public chain, users can also enjoy the efficiency and transparency of global stablecoin payments, promoting the comprehensive transformation of cryptocurrency from a financial tool to an everyday application.

ChainCatcher news, Coinbase disclosed that law enforcement requests have decreased by 18% year-over-year. In its transparency report, Coinbase revealed that over the past year, the company received 10,707 requests from law enforcement and government agencies worldwide, a decrease of 18% compared to the previous reporting period.The United States submitted the most law enforcement and government requests for the third consecutive year. Outside the U.S., Coinbase also saw a significant decline in law enforcement requests in key markets. Requests from Germany, the UK, and Spain decreased by 33%, 45%, and 35%, respectively.In contrast, the number of requests from Singapore saw a substantial increase, with a growth rate of 221%, rising from 34 in 2023 to 109 this year. This indicates that regulatory activity in the region is on the rise.

ChainCatcher news, according to official sources, the smart contract platform Waterfall Network has announced the completion of a new round of financing totaling $11.6 million, with investments from Bolt's Capital, Alpha Token Capital, and Enflux. This new funding will be used to strengthen the platform's infrastructure through node simplification and further improvements.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X: "U.S. CFTC Commissioner Caroline Pham is one of the candidates for the new chair, and she pointed out that under new leadership, pausing the enforcement actions from the Biden era is a question on the table."Pham recently stated, "The outlook for next year is optimistic, as under new leadership in Washington, the CFTC chair can leverage this power to set the agenda, establish new rules, and pause enforcement actions."

ChainCatcher news, according to the Financial Times, the UK's National Crime Agency (NCA) has announced the successful dismantling of a large-scale cryptocurrency money laundering network spanning London, Moscow, and Dubai. The case primarily involves two companies: Smart and TGR, which acted as financial intermediaries, providing cross-border money transfer services for cash-rich criminals and sanctioned individuals worldwide through cryptocurrency.The investigation revealed that this network provided services to criminal organizations, ransomware gangs, and Russian espionage activities, including the Kinahan drug trafficking group, from the end of 2022 to the summer of 2023. Its operation involved couriers collecting cash in the UK and elsewhere, exchanging it for cryptocurrency primarily in USDT, and then laundering the money through a network of companies, providing equivalent funds in other countries.Ekaterina Zhdanova, the 38-year-old owner of Smart, a resident of Moscow, has been accused of transferring over $100 million to an unnamed sanctioned oligarch in the UAE, and is currently under U.S. sanctions and detained in France. The money laundering network collected cash at 55 different locations across England, Scotland, Wales, and the Channel Islands in just four months, serving at least 22 criminal groups.NCA's action director Rob Jones stated that this is the agency's most significant anti-money laundering operation to date. Law enforcement has arrested 84 individuals and seized a total of £20 million in cash and cryptocurrency. The U.S. Treasury has imposed economic sanctions on five individuals and several companies involved. The operation was assisted by the U.S. FBI, DEA, as well as police forces from France and Ireland.

ChainCatcher message, Kaiko pointed out in its market analysis that the recent rise in cryptocurrency has led to an increased demand for off-chain and on-chain liquidity of stablecoins. Since late October, the cost of borrowing USDT and USDC from Binance has more than doubled. While these rates typically fluctuate based on market conditions and supply-demand dynamics, this increase indicates a growing demand for leveraged positions in both spot and futures markets. Meanwhile, the market capitalization of stablecoins has also reached an all-time high.Additionally, the stablecoin lending rates on Aave V3 have also risen in November. In recent months, the cumulative trading volume delta (CVD) of USDT-USD has shown a significant increase in net buying since November, indicating that traders are shifting from fiat currency to stablecoins. The dominance of USDT relative to other dollar-backed stablecoins surged from 69% at the beginning of November to a 13-month high of 86% on November 26, before retreating to 80% last week.In the past month, the trading volume of euro-backed stablecoins has surged tenfold, rising from $5 million per day in October to over $70 million at the annual peak in early November, before slightly retreating last week.

ChainCatcher message, Slow Mist stated on platform X that due to law enforcement intervention, Slow Mist will fully cooperate with law enforcement and DEXX official related investigation requests. If not authorized, it is impossible to disclose information that should not be disclosed. If you are a victim, keep an eye on the wallet address of the attacker corresponding to your stolen funds. Many wallets have an observer wallet mode, which makes it easy to monitor fund movements.

ChainCatcher message, Slow Mist posted on platform X stating that its team will assist law enforcement in tracking stolen funds and analyzing related clues. A complete list of hacker addresses will soon be released in collaboration with DEXX. Currently, approximately 2,000 suspicious addresses have been roughly identified.

ChainCatcher news, according to a report by Fortune, Blockchain Association Executive Director Kristin Smith commented that the regulatory actions of the U.S. Securities and Exchange Commission (SEC) against the crypto industry have resulted in American companies paying over $400 million in legal defense costs. This data highlights the excessive regulation of the crypto industry during SEC Chairman Gary Gensler's tenure.According to the latest poll by the Blockchain Association and HarrisX, two-thirds of voters support the establishment of crypto market rules by Congress rather than unelected regulatory agencies. Notably, the crypto industry targeted by the SEC accounts for only 0.25% of the global market, yet its enforcement actions have led to the migration of innovation, job opportunities, and economic development overseas.The Blockchain Association emphasizes that the SEC's losses in the Ripple case and other significant setbacks highlight the flaws of the "regulation by enforcement" strategy. The association calls on Gensler to immediately cease enforcement actions against crypto companies and instead focus on an orderly transition so that his successor can implement a regulatory framework that aligns with congressional intent and market realities.

ChainCatcher news, according to CryptoSlate, Trump promised to ease cryptocurrency enforcement during his campaign. Current and former government lawyers stated at a meeting in New York on Friday that this change will occur as Trump readjusts the policies of the Department of Justice and regulatory agencies.Lawyers indicated that cryptocurrency fraud cases will not receive a free pass, but they are no longer a priority. The focus of government agencies and departments may shift to areas such as immigration enforcement, another promise made by Trump during his campaign.Scott Hartman, co-chair of the Securities and Commodities Task Force at the Manhattan U.S. Attorney's Office, stated that the office will reduce its resource allocation for crimes related to cryptocurrency. This means that the number of prosecutors handling cryptocurrency cases will decrease compared to the period during the 2022 cryptocurrency industry collapse that triggered the "crypto winter."

ChainCatcher message, DEXX official announced the latest progress on the theft incident:The team has communicated with law enforcement agencies in multiple locations to file a case;They hope to communicate with the hacker;The SlowMist team has been engaged to investigate and account for all users' lost funds, as well as the flow of the hacker's funds;They are discussing follow-up solutions for users.Further updates will be promptly communicated through in-site notifications and X/Telegram.

ChainCatcher news, investment bank TD Cowen believes that the situation may change under the leadership of the Trump administration.TD Cowen researchers wrote on Monday that they believe "once Trump appoints a new SEC chairman, cryptocurrency enforcement may be put on hold, regardless of whether Gary Gensler resigns from his position as SEC commissioner; he will appoint a new SEC chairman on January 20."TD Cowen researchers claim that they believe the new chairman will reassess the existing cases initiated by financial regulators against cryptocurrency companies, "and look for ways to more clearly articulate how cryptocurrency companies can comply with existing laws."

ChainCatcher news, former SEC Chairman John Reed Stark posted on the X platform stating, "The harsh reality is that people have spoken, the SEC should stop all crypto enforcement actions, dismiss or settle all ongoing crypto lawsuits, and current Chairman Gensler should resign. President Trump's victory is a tremendous overwhelming win and should be respected. The crypto market will usher in unprecedented prosperity."