ChainCatcher news, according to market news, the American financial services company First Trust, focused on issuing exchange-traded fund products, has launched its first Bitcoin strategy ETF.

ChainCatcher news, Sun Yuchen once again accused FDT of fraud. He stated: First Digital Trust (FDT) openly disregards all fiduciary duties and regulatory norms, claiming to represent Techteryx in managing a securities portfolio of up to $501.8 million for the Aria Commodity Finance Fund in its own legal name. According to the Hong Kong Securities and Futures Ordinance (SFO), any individual or company providing securities portfolio management services must hold a Type 9 license from the Hong Kong Securities and Futures Commission, unless the service is limited to its wholly-owned subsidiaries or provided by its 100% owned parent company. Clearly, FDT is not only ignoring the fundamental principles of the trust industry but is also openly contemptuous of Hong Kong's banking and investment laws. In other words, its actions have completely disregarded Hong Kong's regulatory authorities and law enforcement agencies.Furthermore, Sun Yuchen believes that FDT has not only fallen into negative assets but has also had negative net assets for three consecutive years. By the end of 2024, its net assets are projected to be negative HKD 100 million. This does not include the massive losses caused by its large-scale misappropriation of user assets. Even so, it can still publicly manage billions of dollars in public assets in the market today.Previously, First Digital responded: it will take legal action against Sun Yuchen's "slanderous behavior."

ChainCatcher news, the AI-driven asset management and investment research platform SoSoValue announced the official launch of its API open platform. Based on the currently available open interfaces, developers and institutional users can directly access the ETF data dashboard and crypto AI news sources through the SoSoValue API. In the future, it will also support richer token details and AI research reports.Currently, Bybit has taken the lead in completing a deep integration with the SoSoValue API, successfully applying the real-time data interface to the functionality upgrade of its AI investment assistant Lens. By integrating the SoSoValue API, Bybit has not only significantly enhanced the comprehensiveness of asset data coverage and the accuracy of market analysis on its platform but has also achieved comprehensive capture of key market elements such as real-time price fluctuations, deep market data, industry news dynamics, and investment and financing information, providing its platform users with more comprehensive market information and more precise investment decision support.In terms of data service upgrades, SafePal has achieved real-time market and information push through the integration of the Feeds API, while BSCN has built a structured data analysis framework for digital currency ETFs based on the ETF API, supporting more precise asset analysis and market trend tracking to meet the diverse needs of users and institutions in the crypto market.The SoSoValue API open platform will officially open for applications at 18:00 Beijing time on April 3, with the first 1,000 applicants able to use it for free.

ChainCatcher news, according to Lookonchain monitoring, since the FDUSD decoupling, Wintermute has transferred 75 million FDUSD to First Digital Labs.Lookonchain states that Wintermute likely purchased FDUSD at a discounted price during the decoupling and exchanged it 1:1 through First Digital, making a profit from it.

ChainCatcher message, First Digital issued an official statement on social media: "Today, Justin Sun's accusations against FDT at the press conference are unfounded. We firmly deny any claims regarding FDT's alleged involvement in coordinating plans or misappropriating funds. We want to emphasize that these accusations are completely baseless and factually incorrect.FDT acts solely as an intermediary, executing transactions at the direction of Techteryx and its authorized representatives. FDT has not, and is not obligated to, independently assess or advise on Techteryx's investments. We have never moved or invested funds without explicit written instructions from Techteryx or its authorized representatives. All reserve assets are deployed strictly according to the written instructions provided by Techteryx and its authorized representatives at the time. We have records of all written instructions as evidence.Regarding Techteryx's request for fund redemption, ARIA has expressed its anti-money laundering (AML) and Know Your Customer (KYC) concerns regarding the acquisition transaction between TrueCoin and Techteryx, as well as the identity of Techteryx's ultimate beneficial owners. As of today, Techteryx has refused to provide the information requested by ARIA.We reiterate that FDT remains fully solvent, with each FDUSD fully backed by cash and cash equivalents at a 1:1 ratio. The exact ISIN numbers of all reserve assets supporting FDUSD are clearly listed in our certification report and are available for public verification. We are processing redemption requests as usual. We are seeking legal advice, and FDT will take legal action to protect its rights and reputation."

ChainCatcher message, FDUSD issuer First Digital stated: "The market price of FDUSD shows signs of stabilization, with the latest data indicating it is gradually returning to the 1 dollar peg. As of the latest update, the trading price of FDUSD is approximately 0.99 dollars."

ChainCatcher news, Sun Yuchen has started a live broadcast regarding the First Digital Trust incident.

ChainCatcher news, according to relevant page information, UXLINK temporarily ranks first in the Binance second phase voting for new listings with a vote rate of 12.1%. The second-ranked ONDO has a vote rate of 11.4%.

ChainCatcher news, according to First Digital officials, in response to recent market FUD, FDUSD has completed the first batch of redemption requests, which can be viewed on-chain with the corresponding burn transactions.The officials reiterated that FDUSD still maintains a 1:1 full backing, the redemption channel is running smoothly, and all redemption requests will continue to be processed promptly.

ChainCatcher news, Sun Yuchen posted on platform X stating that fraudsters have been threatening Web3 users, public trust, and Hong Kong's reputation as an international financial center. He will be live on platform X in a few hours regarding the First Digital Trust incident.

ChainCatcher news, according to PeckShieldAlert monitoring, First Digital Labs has destroyed a total of 87 million FDUSD in the past 24 hours. About 49 million FDUSD were destroyed after being transferred from addresses associated with Wintermute to First Digital Labs. In addition, First Digital Labs also sent approximately 53 million FDUSD to an address.

ChainCatcher news, according to Solid Intel data, Ethereum surpassed Solana in DEX spot trading volume in March, returning to the top position for the first time since September 2024.

ChainCatcher news, the token issuance platform CoinList announced that it will hold a token sale event for DoubleZero. The DoubleZero token, named 2Z, will be offered to qualified investors in the United States. This is also the first time in over five years that CoinList has offered tokens to participants in the U.S. (the last time was the Kadena token sale in 2019).

ChainCatcher message, Sun Yuchen reiterated in a post on X that First Digital Trust (FDT) is already insolvent. This is a statement of fact, devoid of any emotional tone. "As for what consequences its founder Vincent Chok will face for his fraudulent actions, that will be determined by the judicial system and regulatory authorities."Sun Yuchen does not advise anyone to overinterpret his words, especially regarding his closest partners.

ChainCatcher news, FDUSD issuer First Digital Trust (FDT) is currently hosting an AMA on X to address community-related questions. This AMA is personally answered by FDT founder and CEO Vincent Chok.

ChainCatcher message, according to the report independently audited by Prescient Assurance LLC, as of February 28, 2025, 21:00 ET (March 1, 2025, 9:00 HKT)FDUSD circulation: 2,041,924,819.94, total reserve assets corresponding to FDUSD: 2,051,348,188.70 USD, with the composition of reserve assets including:Total holdings of U.S. Treasury Bills: 1,733,452,142.60 USD (approximately 84.5%)Holdings of Overnight Reverse Repo Agreements: 33,000,000.00 USD (approximately 1.6%)Holdings of Fixed Deposits: 145,880,000.00 USD (approximately 7.1%)Cash balance in Cash in U.S. Dollars account: 139,016,046.10 USD (approximately 6.8%)

ChainCatcher news, the official publisher of FDUSD, First Digital Trust (FDT), stated on social media that the recent accusations by Justin Sun against First Digital Trust are completely false. This dispute only involves TUSD and is unrelated to FDUSD. First Digital is fully solvent.The official statement claims that every dollar of FDUSD reserves is fully backed by U.S. Treasury bonds, which are safe, reliable, and fully traceable. The ISIN numbers of all reserve Treasury bonds have been clearly listed in the published verification report. This is merely a typical smear campaign by Justin Sun against a business competitor. Justin Sun initiated a coordinated attack on social media before the TUSD dispute entered judicial proceedings, attempting to undermine the business competitor FDUSD. First Digital will take legal measures to protect its rights and reputation.First Digital Trust will hold an AMA live stream on the X platform at 4 PM Hong Kong time on April 3, 2025 (Thursday) to explain this incident.