According to ChainCatcher news, as reported by the Shenzhen Political and Legal WeChat account, an employee in Shenzhen was laid off after the probation period. The company paid 20,000 yuan in salary and 10,000 yuan in compensation, but the employee claimed that there was still 25,000 yuan in virtual currency salary unpaid, and thus took the matter to court.The court found the evidence insufficient, and since Tether is not a legal currency, it ruled that the company should pay the difference in compensation of 10,000 yuan, rejecting the claim for virtual currency salary. The appeal was dismissed by the second instance, upholding the original judgment.

ChainCatcher news, Ripple's Chief Legal Officer Stuart Alderoty posted on social platform X, calling on the U.S. Congress to establish a regulatory framework for cryptocurrencies that supports innovation. He emphasized that regulation should focus on behavior rather than the technology itself, and suggested adopting a framework familiar to regulators and judges, avoiding the incorporation of abstract policy principles from previous administrations into law without thorough research.SEC Commissioner Mark Uyeda recently also publicly criticized the SEC's tough enforcement stance, arguing that it is inappropriate to take enforcement action solely for being unregistered. The industry anticipates that the Trump administration may appoint cryptocurrency supporter Paul Atkins to a regulatory position, signaling a more friendly regulatory environment.

ChainCatcher news, according to Cointelegraph, the Bavarian Data Protection Authority (BayLDA) in Germany has issued corrective measures regarding the handling of biometric data in the digital identity project World (formerly known as Worldcoin). The regulator announced that it has completed its investigation into World’s compliance with the EU General Data Protection Regulation (GDPR) and has ordered World to implement GDPR-compliant data deletion procedures within one month of the ruling taking effect.In response, the World Foundation has appealed the decision, requesting the regulator to provide judicial clarification on whether the privacy-enhancing technologies (PET) of the World network comply with the legal definition of anonymization in the EU.

ChainCatcher news, the Galxe platform recently announced on platform X that the zk game data validation layer Zypher Network has officially joined its G-Staking ecosystem and will allocate a total of 30 million tokens to eligible G token staking users. An announcement regarding the snapshot rules and specific timing is expected to be released soon.G-Staking is a long-term incentive program launched by the Galxe platform, aimed at encouraging users to stake G tokens, participate in activities within the ecosystem, and support the long-term development of the platform and projects.As part of this collaboration, Zypher Network is hosting the Zytron Game Carnival on the Galxe platform. Through cross-chain bridging, gaming experiences, staking, and other methods, players will have the opportunity to win rewards, including game assets, stablecoins, and Zypher loyalty points.The collaboration between Zypher Network and Galxe marks a deep integration of zk games with the blockchain ecosystem, providing players, developers, and miners with more opportunities to participate in innovative gaming models and earn rewards.

ChainCatcher news, ZK game data verification layer Zypher Network announced a partnership with the Galxe platform to launch a brand new Zytron Game Carnival event. Through this event, players will have the opportunity to win generous rewards including game assets, stablecoins, and Zypher loyalty points through various methods such as cross-chain bridging, gaming experiences, and staking.Zypher loyalty points will record the extent of user interaction with the zk game ecosystem, social media, and community participation. The points can be redeemed for future Zypher token airdrop rewards, providing players with more incentives and returns.The Zypher operations team stated that the event will continue until around the Zypher Network TGE, aiming to attract more players to join Zytron through multiple reward mechanisms and experience zero Gas zk games. At the same time, the event also provides developers with the opportunity to understand and develop zk games, allowing players, developers, and miners to earn rewards under multiple models such as Play to Earn, Develop to Earn, and zkMining to Earn, promoting the rapid development of the zk game ecosystem.Zypher Network, as the first project to combine zk technology with AI technology, is committed to building a universal data verification layer, focusing on the security and verification of game assets. Through ZK-Proof mining incentives, Zypher ensures data privacy protection and credibility, enabling Web 2.0 games to seamlessly migrate to the blockchain ecosystem. Its modular zero-knowledge proof technology and server abstraction architecture support the public verification of each game asset state, ensuring a high-quality experience for players in the game and enhancing the flexibility and efficiency of game deployment.

ChainCatcher news, according to Coindesk, Galaxy Research stated in a report on Monday that the non-fungible token (NFT) market is showing signs of recovery.The data cited in the report shows that for most of this year, NFT trading volume has been declining, but with the U.S. elections and the subsequent rebound in the cryptocurrency market, trading volume began to reverse in November. The weekly NFT trading volume in early November exceeded $100 million for the first time since May, reaching $172 million on December 2.Analyst Gabe Parker wrote, "This recovery is primarily driven by increased activity in NFT collectibles ranked in the top 25 by market capitalization, with participation from major markets like OpenSea, Blur, and Magic Eden also increasing. Among them, Blur and OpenSea accounted for 60% and 27% of total trading volume, respectively, in the past 30 days."

ChainCatcher message, according to monitoring by The Data Nerd, 4 hours ago, wallet 0x4Bd (possibly belonging to Galaxy Digital) withdrew 25,000 BANANA (approximately $1.15 million) from Binance. This is the first withdrawal since it received 75,000 BANANA (approximately $3.59 million) from Banana Gun.

ChainCatcher news, QuarkChain (QKC) launches the Super World Computer project: a Layer 2 blockchain designed for decentralized AI applications, featuring unparalleled scalability and security. By introducing innovations such as Gas Token, on-chain scalable storage with EthStorage, web3:// access protocol, and fast settlement fault-proof algorithms, it provides a perfect infrastructure for full-chain AI, full-chain gaming, and decentralized social platforms.QuarkChain serves as a testing ground for advancements in EVM and OP Stack technology, setting a benchmark for the next generation of Layer 2 solutions.It is reported that QuarkChain has launched its first community incentive campaign in partnership with the leading Web3 task platform Galxe, effective immediately. For more details, please click the source link:

ChainCatcher news, according to The Data Nerd monitoring, 6 hours ago, Galaxy Digital withdrew 200 bitcoins (worth about 21.31 million USD) from Bybit and transferred them to Marathon Digital's cold wallet.

ChainCatcher news, according to the disclosure from lawyer Wu Enxiang's public account, in August this year, a public security agency in a certain area of the country determined that the behavior of using VPNs to trade cryptocurrencies was illegal, and the involved individuals were administratively punished, with their profits from trading cryptocurrencies confiscated.A public security agency in a certain area discovered that a man was using a VPN to illegally connect to the internet through non-statutory channels. He contacted overseas clients who needed to purchase a certain virtual currency through a foreign website, then bought the virtual currency at a low price using a certain currency on an overseas trading app, and finally sold it at a high price, engaging in the sale of the virtual currency. After being summoned by the public security agency, the man came to accept the investigation. During the operation of the studio, he illegally profited 90,000 yuan.The administrative penalty decision stated that the man's actions constituted unauthorized use of non-statutory channels for international internet access. According to Article 6 and Article 14 of the "Interim Regulations on the Administration of International Networking of Computer Information Networks of the People's Republic of China" and Article 11, Paragraph 1 of the "Public Security Administration Punishment Law of the People's Republic of China," it has been decided to order the violator Zhang San to cease networking, issue a warning, impose a fine of 15,000 yuan, confiscate the illegal gains of 90,000 yuan, and seize eight mobile phones and eight computers used in the crime.

ChainCatcher news, Galaxy Digital founder and CEO Mike Novogratz predicts that Bitcoin could surpass gold's market value in 5 to 8 years. He stated that Bitcoin's market momentum and growth rate are accelerating, reaching 14% of gold's market value. This prediction aligns with Bitcoin hitting a new high of $108,000 on December 17, with a current market value of $2.13 trillion, exceeding two-thirds of the global central bank gold reserves.Additionally, the total assets of Bitcoin ETFs have recently surpassed those of gold ETFs, indicating that investor recognition of Bitcoin as "digital gold" is on the rise.

ChainCatcher message, initiated by Multiple Network in collaboration with TON Society, UxLink, and Airdrop2049, the MultiWave TON Year End Rewards Gala large TON ecosystem airdrop event has been online for 5 days, attracting over 100,000 visits globally, with the first batch of launched projects gaining over 20,000 new users.More than 20 popular Web3 projects, including IoTex and Autonomys Network, are participating, with a total prize pool of up to $500,000. The event will last for 1 month, and participating users can earn task rewards, invitation rewards, ranking rewards, and airdrops from over 20 project parties.It is reported that Multiple Network completed a $2 million seed round financing led by OKX Ventures in August, aiming to provide efficient and secure anonymous communication and data transmission services for global AI companies. Currently, Multiple Network is in the public testnet phase, with 35,000 relay nodes participating in the test network, and the Multiple Telegram Miniapp has already been launched.

ChainCatcher news, according to a report by The Paper, the People's Court of Wenchang City, Hainan Province, recently concluded a case involving the trading of personal information using cryptocurrency. The court's investigation revealed that the defendant Han purchased over 82.24 million personal information records for 500 yuan on QQ in 2021, which included 7.27 million photos of ID cards, 30.69 million vehicle owner information, and 1.07 million bank user information.In March 2023, Han sold this information through platforms such as QQ, WeChat, and Telegram, and collaborated with courier Wu to obtain delivery transaction information, pricing each record at 1.5 yuan in USDT. He profited 770 yuan by exchanging through a virtual asset trading platform. The court sentenced Han to one year and eight months in prison for infringing on citizens' personal information, and fined him 3,000 yuan. Co-defendant Wu was sentenced to eight months in prison with a one-year and four-month probation and fined 2,000 yuan.

ChainCatcher news, previously, cryptocurrency supporter and U.S. Representative from Arkansas, French Hill, defeated three other competitors to win the position of Chairman of the Financial Services Committee.Hill currently serves as the Vice Chairman of the committee and heads the subcommittee on Digital Assets, Financial Technology, and Inclusion. He emphasized that he is very grateful for the opportunity to serve as the chairman of the committee.Outgoing Chairman Patrick McHenry praised Hill's leadership skills, particularly his expertise in financial technology and innovation. McHenry stated, "French's experience in the private sector, the Treasury Department, and as Vice Chairman has prepared him well for this role." He emphasized, "Under French Hill's leadership, the Republicans will ultimately establish a clear regulatory framework and strong consumer protections for the digital asset ecosystem based on this Congress." McHenry also highlighted Hill's contributions to advancing key legislation, including the Financial Innovation and Technology for the 21st Century Act (FIT21). Hill's appointment has garnered support from leaders in the cryptocurrency industry and lawmakers. Former Acting Comptroller of the Currency and former Chief Legal Officer of cryptocurrency exchange Coinbase, Brian Brooks, praised Hill's "intellect, growth mindset, and innovative outlook."

ChainCatcher news, regarding BiT Global suing Coinbase for $1 billion, accusing it of market manipulation by delisting WBTC. Coinbase's Chief Legal Officer posted on X: "When an asset no longer meets our listing standards, we will drop it. When another asset can meet or exceed market demands without sacrificing those standards, we will list it."

ChainCatcher news, according to The Block, MegaETH developer MegaLabs has completed a $10 million financing through the Echo platform. MegaLabs co-founder Shuyao Kong stated that the structure of this round of financing is equity plus token warrants, similar to MegaLabs' $20 million seed round financing in June. In addition, the valuations for both rounds of financing are "hundreds of millions of dollars."

ChainCatcher news, according to Bloomberg, sources say that Galaxy Digital has hired Point72 CFO Anthony Paquette as its Chief Financial Officer. Anthony Paquette will transition to a senior advisory role at Galaxy starting in January, as the appointment has not yet been made public.Paquette has served as the Chief Financial Officer of Steven Cohen's asset management firm Point72 for over four years. Prior to that, he was the head of a business unit at fintech company SoFi and a managing director at JPMorgan Chase. Galaxy is listed on the Toronto Stock Exchange and has been seeking to go public in the United States for years.

ChainCatcher news, the HashKey Gala Day co-hosted by HashKey Global and Blocktempo was held today during Taiwan Blockchain Week, featuring the Taiwan premiere of the documentary "Vitalik: The Story of Ethereum."Tim Xing, Board of Director of HashKey Global, and Francis Li, Head of Architect of HashKey Chain, along with well-known local professors, prosecutors, and lawyers attended the event and shared important stories about HashKey and the early development of Ethereum.HashKey executives stated that the team became aware of the Ethereum project in 2014 and funded the Ethereum Foundation with $500,000 in 2015 to help address cash flow issues at the time. This crucial funding played an important role in the timely launch of the Ethereum mainnet, becoming a legendary chapter in blockchain history.The event also featured the first screening of the documentary "Vitalik: The Story of Ethereum" for the Taiwanese community. This film chronicles the journey of Vitalik Buterin and the Ethereum community in their fight for an open internet. Notably, this documentary completed the largest crowdfunding in blockchain history in 2021, raising 1,036 Ether, providing ample budget support for the film's production.