ChainCatcher news, according to Decrypt, the Cboe BZX exchange has submitted a rule change application to the U.S. Securities and Exchange Commission (SEC) to allow the Invesco Galaxy spot Bitcoin ETF and Ethereum ETF to conduct physical creation and redemption.This mechanism allows authorized participants to directly exchange Bitcoin or Ethereum for ETF shares, rather than through cash transactions, thereby reducing the bid-ask spread, lowering trading costs, and avoiding additional brokerage commissions. However, ordinary investors still need to trade the ETF through cash mode.Currently, the SEC has opened a public comment period, and relevant stakeholders can submit feedback before the final decision.

ChainCatcher news, Singapore Web3 platform Galaxis announced a $5 million investment commitment from Bolts Capital to accelerate the expansion of its Decentralized Science (DESCI) program and smart certificate solutions, aimed at leveraging blockchain technology to enhance the capabilities of researchers, institutions, brands, and creators through transparency, authentication, and intellectual property ownership.ChainCatcher previously reported that Singapore Web3 platform Galaxis announced in May 2024 that it had completed $10 million in financing prior to its token issuance. Participants in this round of financing include Chainlink, ENS, Rarestone Capital, Taisu Ventures, and ENS co-founder Nick Johnson, among others.

ChainCatcher news, according to Lookonchain monitoring, in the past 9 hours, Galaxy Digital withdrew approximately 282,500 SOL (40.5 million USD) from OKX, Bitstamp, Coinbase, and Binance, and then staked 274,253 SOL (39.15 million USD).

ChainCatcher news, CoinShares research director James Butterfill believes that the crypto community should not be disappointed that the U.S. Bitcoin strategic reserve has not further increased its Bitcoin holdings, as the establishment of this reserve itself is an important step in legitimizing Bitcoin as an asset.

According to ChainCatcher news, as disclosed by Alex Thorn, Head of Research at Galaxy Digital, the U.S. government currently has a maximum of 88,000 bitcoins available for reallocation as reserves, accounting for only 43% of its current holdings. This is because out of the approximately 198,000 bitcoins held by the U.S. government, 112,000 bitcoins will need to be returned to the exchange Bitfinex.Alex Thorn stated that the market will understand the difference between "seizure" and "forfeiture." He added that among the cryptocurrencies held by the government, 97.7% are bitcoins, and if WBTC (Wrapped Bitcoin) is included, this percentage will rise to 98%.

ChainCatcher news, Gala stated on social media that he is "resigning normally" and feels wronged by the rumored "exaggerated turmoil." Gala previously held a position on the BNB chain under Binance, and his departure has sparked discussions in the cryptocurrency community.Binance co-founder He Yi responded on social media, stating that there were no reported corrupt practices by Gala on the BNB chain, and that other companies have already invited him to join, wishing him well.

ChainCatcher news, according to Lookonchain monitoring, 30 minutes ago, Galaxy Digital transferred 600,000 UNI (4.37 million USD) to Binance and OKX again.In the past week, Galaxy Digital has transferred a total of 5.26 million UNI (40.6 million USD) to Binance and OKX.

ChainCatcher news, Securitize, a tokenization platform supported by BlackRock, announced the appointment of former Anchorage executive Georgia Quinn as Chief Legal Officer, aiming to drive the adoption of compliant tokenized securities in traditional financial markets. It also appointed Michael Sonnenshein as Chief Operating Officer.

ChainCatcher news, according to TASS, the Russian Ministry of Finance and the Central Bank are discussing the launch of domestic cryptocurrency trading under an experimental legal framework, limited to participation by "super high-qualified" investors. The specific criteria for this category are still being developed. Officials from the Ministry of Finance stated that if consensus is reached on the experimental system, investor qualification standards, and risk management, a formal proposal may be submitted to the government. Currently, discussions are ongoing among the Ministry of Finance, the Central Bank, and market participants.Previously, Putin signed a law in August 2024 allowing cross-border payments and cryptocurrency trading under an experimental legal framework starting from September 2024, with regulatory authority assigned to the Central Bank.

ChainCatcher news, according to on-chain analyst Yu Jin (@EmberCN), 1.54 million UNI (approximately 11.17 million USD) flowed from Galaxy Digital to Binance and OKX exchanges 5 hours ago.It is reported that in the past 12 days, Galaxy Digital has transferred a total of 8.871 million UNI (approximately 74.35 million USD) to these two exchanges. During the same period, the price of UNI dropped by 29%, from 9.5 USD to 6.7 USD.

ChainCatcher news, according to Lookonchain monitoring, a whale wallet holding over 110,000 ETH (235 million USD) seems to be selling ETH. In the past 14 hours, the wallet has transferred 30,000 ETH (68.55 million USD) to FalconX and Galaxy Digital, and received 7.76 million USDC from FalconX. The wallet may be related to Genesis Trading.

ChainCatcher news, according to official information, OKX has now launched the "Contract Martingale Compensation Voucher Carnival Season" event. The event runs from March 3, 2025, 16:00 (UTC+8) to March 17, 16:00 (UTC+8). New users can receive a 10 USDT compensation voucher, with a total prize pool of up to 50,000 USDT, and each user can claim it once.It is reported that for new users of the OKX contract Martingale strategy, according to the event requirements, they must first create any Martingale strategy for SOL/USDT, BTC/USDT, or ETH/USDT and keep the strategy parameters unchanged. If the strategy ultimately does not make a profit, OKX will compensate the losses based on the valid compensation voucher amount. Users must create the strategy within 8 hours of receiving the compensation voucher, otherwise, the voucher will automatically expire and return to the prize pool, and the user will not be able to claim the compensation voucher again.

ChainCatcher news, according to Bitcoin.com, Vietnamese Prime Minister Pham Minh Chinh has instructed the Ministry of Finance and the State Bank of Vietnam to draft regulations for digital assets and digital currencies, with the proposal expected to be submitted in March. This directive is part of Directive No. 05, aimed at driving economic growth to at least 8% by 2025.Despite the lack of a legal framework, Vietnam ranks among the top countries in global cryptocurrency holdings according to the 2024 Triple-A report, prompting the government to call for strengthened regulation.In addition, the State Bank of Vietnam is also responsible for managing interest rates, exchange rates, and credit growth, while ensuring transparency in banking operations. The government will intensify enforcement against unfair competition among financial institutions.

ChainCatcher news, according to on-chain data analyst Yu Jin's monitoring, in the past 11 days, 7.331 million UNI (approximately 63.18 million USD) have flowed from Galaxy Digital to Binance and OKX. Meanwhile, there has not been a large amount of UNI withdrawn from Binance during the same period, and the UNI price has dropped from 9.5 USD to a low of 7.1 USD during this time.

ChainCatcher news, Galaxy Digital's Vice President of Research Christine Kim posted on the X platform: "Latest weekend update on the status of the Ethereum Holesky testnet: Developers held a meeting on Friday to coordinate large-scale penalties and expedite the exit of inactive validators. However, it seems that the number of active validators on the testnet is insufficient, and the developers lack confidence in advancing the plan. Therefore, they decided to give more time over the weekend for more active validators to join Holesky, and to coordinate large-scale penalty actions by Monday at the latest. If you are running a Holesky validator and have not yet attempted to bring it back online, please do so as soon as possible and delete your slashing protection database. Additionally, a reminder that during the Holesky event, another vulnerability affecting Geth and Nethermind clients was reported through the Pectra audit competition. Please note that this vulnerability is unrelated to the issue of incorrect configuration of the deposit contract address."

ChainCatcher message, regarding the guidance issued by the U.S. Securities and Exchange Commission (SEC) on Meme coins, stating that "Meme coins are not considered securities." SEC Commissioner and crypto skeptic Caroline Crenshaw published an article on the SEC's official website, stating that the purpose of the written guidance provided by SEC staff is to promote understanding and compliance with federal securities laws. However, the guidance issued by the SEC completely undermines this concept, presenting an incomplete and unfounded legal viewpoint that suggests an entire category of products falls outside the SEC's jurisdiction.This guidance does not provide a clear legal definition, nor does it even offer basic dictionary definitions. It is not a reasonable interpretation of existing law. It raises more questions than it answers, such as what constitutes a Meme coin and whether Meme coins can be defined or are useful classifications under existing securities laws. It ultimately amounts to a broad statement of general principles, offering little clarity or predictability for any given currency.

ChainCatcher news, the Office of the Financial Committee of the Hunan Provincial Committee, the Financial Work Committee of the Hunan Provincial Committee, and the Hunan Provincial Local Financial Supervision Administration's official WeChat account disclosed a GBC platform fundraising fraud case. Zhou, Tong, Wu, and others commissioned Chengdu Xingyi Network Technology Co., Ltd. to design the GBC platform software for computer clients and mobile apps. Wu falsely claimed that GBC coins and wealth coins were blockchain virtual currencies, developing downlines in areas such as Jinshui District, Zhengzhou City. By the time the case was reported, the "GBC" platform had developed 47 levels of members, involving 59,548 member accounts, with a total fund flow of 3.408 billion yuan, of which 40,480 member accounts suffered losses totaling 629 million yuan. The main criminal gained over 226 million yuan through fundraising fraud on the GBC platform.Upon investigation, the GBC platform system generated digital symbols out of thin air, which had no economic value. The Zhengzhou Intermediate People's Court, after hearing the case, determined that based on the facts of the crime, its nature, circumstances, and the degree of harm to society, the involved individuals were sentenced to fixed-term imprisonment ranging from fifteen to thirteen years.

ChainCatcher news, according to The Bitcoin Office of El Salvador, in line with President Bukele's economic freedom policy, the Salvadoran government has passed a groundbreaking artificial intelligence bill aimed at providing regulatory clarity and certainty for the AI industry, particularly covering the development and innovation of open-source models.This new legislative framework ensures that both proprietary and open-source AI systems receive appropriate protection, with a particular emphasis on legal safeguards for open-source development. This is the world's first national legislation that explicitly extends legal protection to open-source AI development. While proprietary models will continue to benefit from existing international protection mechanisms, this draft provides a clear legal framework for open-source AI development at the national level for the first time.Article 19 of the new bill creates the most comprehensive legal protections for AI developers in Latin America and globally, including sandbox protections and measures against third-party abuse. The bill clearly states that proprietary models will continue to benefit from existing international protections while explicitly extending legal safeguards to the field of open-source AI development for the first time.According to the bill, the Salvadoran government will establish an AI laboratory to promote the development, research, and application of AI in government agencies and services, improving citizens' quality of life through enhanced traffic flow, water quality monitoring, and optimization of geothermal resources. The laboratory will also provide resources and the latest technologies to educational groups and institutions to develop domestic engineering capabilities. El Salvador has implemented a zero-tax policy for AI innovation and development, and the passage of this bill positions the country as a forward-looking participant in the global AI landscape, placing innovation, excellence, and open-source collaboration principles at the core of its policy.

ChainCatcher message, according to Ai Yi's monitoring, Galaxy Digital has transferred all 8 million ETHFI it acquired on February 25 to Binance four hours ago, worth 7.76 million dollars. The acquisition price was approximately 0.93 dollars, and the price at the time of transfer was 0.97 dollars. If sold entirely, it is expected to make a profit of 284 thousand dollars.

ChainCatcher news, according to Cointelegraph, the legal and consulting fees for the FTX bankruptcy case have accumulated to $950 million, making it one of the most expensive bankruptcy cases in U.S. history, second only to the Lehman Brothers case. Among them, the fees for the restructuring advisor Alvarez & Marsal are close to $400 million, the legal advisor Sullivan & Cromwell has fees exceeding $300 million, and John Ray's consulting firm fees are nearly $10 million. The overall legal and financial advisory fees are still on the rise, and the final costs are expected to exceed $1 billion.