ChainCatcher news, according to Hong Kong media Sing Tao Daily, regarding the recent $500 million cryptocurrency trust fraud case, the chairman of the Hong Kong Legislative Council's Web3 and Virtual Assets Development Subcommittee, Wu Jietzhuang, stated, "Hong Kong is actively attracting foreign investment, including mainland funds, but in fact, many outsiders have a very superficial understanding of Hong Kong's system, and there are even many misunderstandings. I believe this is a problem that needs to be addressed. The FDT incident has international implications, and the authorities must quickly re-examine different regulatory systems to respond to society.Due to the lack of a custodial regulatory system, many times Web3 companies rely on trust companies to help third parties custody assets. If this is done properly, there is no problem, but those with ulterior motives may exploit this loophole to engage in illegal activities. I am concerned that external confidence in Hong Kong may weaken, and I suggest that the authorities should increase public education and examine whether there is room for optimization."Legislative Council financial sector member Chan Chan-ying pointed out that if assets are entrusted to a trust company in the form of a company, a regulatory vacuum may arise. He advised investors to carefully investigate the company's background and called for consideration of including "trusts" within the scope of legal regulation.

ChainCatcher message, Binance co-founder He Yi responded to today's "ACT and other meme coins plummet" incident, stating that the corresponding team is preparing a detailed response.

ChainCatcher message, on-chain analyst @ai_9684xtpa released a review of the Hyperliquid vault being attacked again:The 50x leverage whale on Hyperliquid previously used the Hyperliquid mechanism to "actively liquidate 160,000 ETH long positions" and withdrew a profit of $1.857 million;More cunning target selection: At that time, the 50x leverage whale on Hyperliquid chose ETH as the target, while this time the attacker’s target was the Memecoin $Jellyjelly, which had a depth difference of N times, making price manipulation much easier.Setting bait with airdrop: Address 0xde9...f5c91 opened a $4.08 million short position on $JELLY on Hyperliquid, with an opening price of $0.0095 and a margin of 3.5 million USDC.Replaying the active liquidation: Another address Hc8gN...WRcwq, after opening the short position, collaborated to crash the spot price, creating floating profit space for the short position, while the opening address withdrew 2.76 million USDC in margin, using the same trick to have the position liquidated and taken over by the vault.Turning around to buy and empty the vault: Two waves of intensive buying starting at 21:01 and 21:45 further enlarged the vault's floating loss until the amount became significant enough to attract market attention.As long as jellyjelly does not drop, retail investors in HLP will withdraw their funds; the more withdrawals, the lower the liquidation price, which can be understood as "the early runners profit at the expense of the late runners." Subsequently, HLP may experience a bank run, and eventually, it may not even require jellyjelly to pull much from the vault to be forcibly liquidated due to insufficient margin... However, currently, HLP's TVL has decreased by about $20 million, and the liquidation price for the short position has dropped to around $0.14. The last buying operation of the address manipulating the coin price was 1 hour ago; this address currently holds 124 million jellyjelly (worth $4.86 million), making it the top holding address on-chain. This address currently has no more funds available for buying, which is also the main reason for the significant price fluctuations that followed. As one of the main competitors of Hyperliquid, if Binance releases related positive news, such as listing jellyjelly spot or others, it will directly kill the competition.

ChainCatcher message, on-chain detective ZachXBT announced commonly used investigation tools, including:Cielo - wallet tracking (EVM, Bitcoin, Solana, Tron, etc.);TRM - create charts for addresses/transactions;LeakPeek - database queries;Arkham - multi-chain block explorer;Archive Today - archive web pages;Etherscan/Solscan - block explorers, etc.In addition, ZachXBT specifically clarified that he does not receive compensation from these platforms and there are no referral links to share.

ChainCatcher message, 1inch disclosed that its team discovered a vulnerability in the parser smart contract implemented with the outdated Fusion v1 on March 5. This vulnerability does not affect the security of end users' funds but may impact those who use the parser in their own contracts with Fusion v1.Although user funds are secure, 1inch is actively collaborating with the affected parsers to ensure their systems are secure. The 1inch team urges all parsers to immediately audit and update their contracts.

ChainCatcher news, U.S. Senator Cynthia Lummis, who is promoting legislation for Bitcoin as a strategic reserve, stated that the executive order from the Trump administration is just the beginning, suggesting that more related policies may emerge in the future to promote the role of Bitcoin in national reserves.

ChainCatcher news, according to Jinshi reports, U.S. Secretary of Commerce Ross stated, "President Trump will decide on the tariff issue today, and we will release relevant information on Tuesday."

ChainCatcher news, according to Decrypt, Irina Podnosova, the chairwoman of the Supreme Court of Russia, stated at the annual judges' meeting attended by President Putin that with the proliferation of cryptocurrency in the economy, there has been a significant increase in criminal cases involving digital currencies.The Supreme Court is preparing new legislation to classify cryptocurrency as property in criminal cases.

ChainCatcher news, according to a tweet by Fox Business reporter Eleanor Terrett, sources revealed that the U.S. SEC is very interested in "staking" and has even requested the industry to provide a memorandum detailing the different types of staking and their benefits.The source expects that the U.S. SEC will issue some form of guidance regarding staking in the near future, as it is a topic they are keen on.

ChainCatcher news, according to CoinDesk, the Abu Dhabi branch of asset management firm Brevan Howard Digital has deployed $20 million to the Ethereum-based on-chain financial network Kinto.Kinto is a blockchain platform designed specifically for institutional participation in decentralized finance (DeFi), and this investment marks a growing trend of traditional financial companies engaging in the DeFi ecosystem.

ChainCatcher message, Solayer team member Chaofan Shou posted on platform X stating: "Arunkumar Sugadevan is not related to LIBRA. They just share the same market maker. I sincerely apologize for this misinformation. Arunkumar is located in Germany, while the relevant market maker is in Delhi, and is not Kelsier. More information will be announced soon."

ChainCatcher news, according to Coindesk, Blockchain.com has appointed former Goldman Sachs crypto investment banking head Justin Evans as Chief Financial Officer and former Point72 asset management investment manager Mike Wilcox as Chief Operating Officer, who previously served as Chief Financial Officer of Velocity Global.It is reported that Blockchain.com plans to increase its workforce by 50% to further advance its IPO plans. Justin Evans stated that the company is taking the necessary steps to prepare for the listing.

ChainCatcher news, Devansh Mehta announced on X that he has joined the Ethereum Foundation as the head of AI x Public Goods / Governance. He was previously active in the Arbitrum and Gitcoin ecosystems.Mehta stated that he is currently focusing on three directions: AI x ecosystem growth funding, AI x practicality, and AI x governance. For example, he plans to use AI to predict the funding situation of Ethereum ecosystem projects, develop an AI scoring mechanism to measure the utility of decentralized applications, and explore the introduction of AI prediction market mechanisms into DAO governance to optimize the proposal decision-making process.

ChainCatcher news, according to official sources, Abstract has confirmed that it will launch the mainnet tomorrow.Abstract contributor cygaar posted on platform X: "A post regarding expectations and instructions related to tomorrow's Abstract mainnet launch will be released soon. Some preparations need to be completed first, but tomorrow is the day for the mainnet launch."

ChainCatcher news, Charles Schwab CEO Rick Wurster told analysts on a conference call this week: "We do hope to be able to offer spot cryptocurrency services, and we expect that cryptocurrency-related regulations will ultimately allow us to do so."The Financial Times reported that the SEC overturned guidance known as SAB 121 later on Thursday, potentially opening the door for Wall Street banks to custody cryptocurrencies.

ChainCatcher news, according to Caixin, in response to market rumors that ByteDance plans to invest $12 billion in developing AI infrastructure, including 40 billion RMB for AI chip procurement by 2025 and $6.8 billion in overseas investments, ByteDance officially denied the claims. Company insiders stated that while the company places great importance on the development of the AI field, the specific budget plans mentioned in the rumors are not true.

ChainCatcher news, according to the preliminary brief filed by the SEC, the U.S. Securities and Exchange Commission has appealed the Ripple case, focusing on the dispute regarding whether XRP sales constitute a securities offering. The SEC argues that the lower court made errors in its interpretation of securities law in part of its ruling and requests the appellate court to reconsider the relevant decisions.

ChainCatcher news, the AIOS Foundation stated that it has completed the destruction of the tokens held by the relevant wallets.Previous news, according to a statement released by the AIOS Foundation, all AIOS tokens held by the foundation will be destroyed within the next 24 hours. The foundation's two addresses hold 64.03% and 2.58% of the AIOS tokens, respectively.

ChainCatcher news, according to official sources, Binance Alpha has announced the 7th batch of project tokens, including EVAN, BITCOIN, VISTA, AVAAI, AITECH.