ChainCatcher news, according to Decrypt, the lawsuit against the cryptocurrency company Green United by the U.S. Securities and Exchange Commission (SEC) has recently drawn industry attention. The SEC accuses Green United of defrauding investors of $18 million through the sale of so-called "Green Boxes" mining equipment. Last week, a federal judge dismissed Green United's motion to dismiss, sparking speculation on social media that the sale of cryptocurrency mining hardware could be considered securities. However, several legal experts stated that there is currently no reason for excessive concern.Ishmael Green, a partner at Diaz Reus law firm, pointed out that as long as the mining equipment is sold with the understanding that it will be used for mining by the end user, there should be no issue. "In the Green United case, the sales agreement for the mining equipment states that Green United will control and operate the system, which is the problem." Hadas Jacobi, a consultant at Reed Smith law firm, stated that although the SEC did not explicitly mention hosted mining, it could have implications for hosted mining services. While Green United attempted to portray the case as the SEC misunderstanding hosted mining, the judge denied its motion to dismiss. Currently, the judge has only decided to hear the case and has not ruled on the SEC's arguments.

ChainCatcher News: The U.S. Securities and Exchange Commission (SEC) has won a victory in the $18 million cryptocurrency mining fraud case against Green United LLC.A U.S. federal court ruled that the "Green Boxes" mining devices sold by Green United meet the definition of securities, rejecting the company's motion to dismiss the lawsuit. The SEC accused the company of falsely promoting these devices as a means to mine the fictitious GREEN token, while they were actually used for Bitcoin mining, without disclosing relevant information to investors.The court confirmed that the SEC proved the existence of an investment contract through the sale and operating agreements of these devices. The judge dismissed Green United's defense that its products are not securities, stating that the agency sufficiently alleged all necessary elements of a security.Previous news: Green United failed to dismiss the $18 million cryptocurrency mining fraud lawsuit.

ChainCatcher news, Green United LLC failed to dismiss the lawsuit from the U.S. Securities and Exchange Commission, which accused its executives of implementing a fraudulent cryptocurrency mining scheme that defrauded investors of $18 million. Defendants Wright Thurston and Kristoffer Krohn are alleged to have falsely sold non-existent mining equipment, promoting "green boxes" and "green nodes" as tools for mining GREEN tokens.On September 23, Judge Ann Marie McIff Allen ruled that the defendants failed to rebut the SEC's allegations, denying the motion to dismiss the fraud charges against Thurston, noting that the distribution of GREEN tokens to investors relied solely on Thurston's personal decisions.

ChainCatcher message, The Wall Street Journal reviews Powell's 50 basis point rate cut, stating that the Federal Reserve's goal is to replicate the masterpiece of former Fed Chairman Greenspan in the 1990s, where the rate cut in 1995 laid the foundation for the subsequent soft landing of the U.S. economy and the prosperity of the late 1990s.

ChainCatcher message, BNB Chain posted on X that the Greenfield network is currently facing compatibility issues with the MetaMask browser extension, affecting certain functionalities including bucket creation on Dcellar.This issue stems from the recent upgrade of the middleware library in the MetaMask extension to the latest version, which implemented stricter EIP712 signature verification rules. The BNB Chain team is actively developing a hotfix to address this issue, with a fix expected to be released on September 23.

ChainCatcher news, Greeks.live analyst Adam posted on platform X, stating, "Starting from 19:00 Beijing time on September 2, the green leaf lending market has continuously presented borrowing opportunities with annualized interest rates exceeding 20% over the past 10 hours. Meanwhile, since August 28, the net increase in BTC margin long positions has reached 3,000 contracts. Green leaf lending rates and long positions have always been leading indicators of a bull market, with significant increases in rates and long positions observed before the last two major surges. At the same time, the options market has also seen a large volume of bullish options transactions, accounting for 30% of the total transactions for the day, indicating that whales are fully positioning themselves for long positions."

ChainCatcher news, the DeFi protocol Liquorice announced the completion of a $1.2 million pre-seed funding round, led by Greenfield Capital. L2 Iterative Ventures, Polymorphic Capital, Horadrim.Capital, HASH CIB, and the founder of 1inch also participated in the funding. The funds will be used to develop Liquorice.According to the Web3 asset data platform RootData, Liquorice is a DeFi protocol that enables auction-based price discovery and unilateral liquidity pools. The main mission of Liquorice is to provide efficient inventory management tools for professional trading firms and connect to core DeFi protocols such as 1inch and Uniswap X when settling trades based on intent.

ChainCatcher news, according to Bitcoin.com, Bitcoin mining company Greenidge Generation Holdings Inc. has established a new Bitcoin mining facility in Mississippi to expand its Bitcoin mining operations.The facility officially went live on July 1, 2024, with 2,400 Bitcoin mining machines, and is expected to further increase its capacity in the coming months.

ChainCatcher news, according to official information, the BNB Greenfield network is about to undergo the Veld hard fork upgrade, which will bring significant updates and optimizations to the platform. The key points are as follows:The testnet Veld hard fork is expected to occur on June 25 at 15:00;The mainnet Veld hard fork is scheduled to occur at block height 9,269,910. Based on the current block interval, it is expected to happen on July 8 at 15:00.Validators and SPs should upgrade to the latest version before the hard fork:For validators: greenfield v1.8.0;For SPs: greenfield-storage-provider v1.8.0.

ChainCatcher news, according to The Block, the token distribution protocol Layer3 has completed a $15 million Series A funding round, co-led by ParaFi and Greenfield Capital, with participation from Electric Capital, Immutable, Lattice, Tioga, LeadBlock, Amber, and others.It is reported that Layer3 is also developing a new AI protocol to optimize token distribution strategies, which is expected to be launched later this year.

ChainCatcher news, according to official sources, BNB Chain announced updates for BNB Greenfield V1.6 and V1.7, and also announced the launch of the MindPress data marketplace.It is reported that the marketplace aims to simplify and enhance the user experience on decentralized trading platforms, providing users with seamless network operations, flexible payment options, and more, utilizing the latest features of Greenfield V1.6 and V1.7.

ChainCatcher news, Bitcoin (BTC) mining company Marathon Digital (MARA) reached an agreement with the Kenyan Ministry of Energy and Petroleum on Friday to invest over $80 million in developing the energy infrastructure of the African nation. Marathon CEO Fred Thiel stated that the goal of this collaboration is "to monetize Kenya's underutilized energy and jointly develop technological projects," and this investment will be used for green data centers. The funding will include foreign investment, but the sources of the funds were not specified. The joint venture is expected to bring economic benefits to the Kenyan economy and generate revenue for the local energy industry ecosystem.

ChainCatcher news, Hong Kong launches the world's first green security token offering (G-STO) aimed at the electric vehicle charging network. This G-STO is jointly launched by local electric vehicle solution provider XECO and the licensed institution Gopher Financial Technology (Hong Kong) Limited.It is reported that this green security token offering will be launched on the Ethereum blockchain, currently only available to professional investors. Each participant can instantly understand the usage of products or services related to electric vehicle charging projects and estimate returns based on business performance. By utilizing Ethereum blockchain technology, the G-STO lowers the financial threshold of the private equity market while incorporating traditional measures such as KYC/AML (Know Your Customer/Anti-Money Laundering) compliance, business governance, risk assessment, and annual financial audits.

ChainCatcher news, according to the official BNB Chain announcement, the BNB Greenfield network is about to undergo the Erdos hard fork, with the following key timelines:The testnet Serengeti hard fork is scheduled to occur at block height 8,285,529. Based on the current block interval, it is expected to happen at 07:00 UTC on May 16;The mainnet Serengeti hard fork is planned to take place at block height 7,861,456. Based on the current block interval, it is expected to happen at 07:00 UTC on May 29.

ChainCatcher news, Solana ecosystem zero-knowledge privacy protocol Arcium announced the completion of a $5.5 million strategic financing round, led by Greenfield Capital. Coinbase, Heartcore Capital, Longhash VC, L2 Iterative Ventures, Stake Facilities, Smape Capital, and Everstake, as well as notable angel investors such as Solana co-founder Anatoly Yakovenko and Monad co-founder Keone Han participated in the round.It is reported that Arcium plans to use this round of financing to provide developers and blockchain applications with a trust-minimized and configurable cryptographic computing framework.

ChainCatcher news, the digital asset financial services group HashKey Group announced that it will jointly launch the "Bitcoin ETF Greening Public Welfare Program" with the Green Bitcoin Alliance (GreenBTC.Club), to green "light up" the Bitcoin blocks held by the Bosera HashKey Bitcoin ETF, achieving comprehensive carbon neutrality for the fund's holdings and promoting the sustainable development of the Bitcoin ecosystem.To commemorate the successful issuance of the Bosera HashKey Bitcoin ETF, HashKey Group will continuously purchase renewable energy certificates based on the holdings of the Bosera HashKey Bitcoin ETF, participating in the "greening" initiative in the name of investors collectively. A dedicated "Green Bitcoin ETF" area will be established on GreenBTC.Club to offset the carbon emissions generated by the historical energy consumption of global Bitcoin mining. Investors will have the opportunity to receive a unique NFT medal, which serves as a permanent on-chain record supporting Bitcoin's carbon neutrality and a green footprint for participating in public welfare carbon reduction.This public welfare program injects ESG concepts into the Bosera HashKey Bitcoin ETF, making fund holders green digital asset holders supporting ESG development. With the comprehensive carbon neutrality of fund holdings, custody, and trading shares, more people will participate in green finance, jointly promoting the sustainable growth of Bitcoin's value.It is reported that GreenBTC.Club is a community-driven global inclusive climate action network powered by DePIN, implementing the "tokenized green certificate asset protocol" based on Arkreen's on-chain issuance and on-chain consumption.

ChainCatcher news, RWA lending protocol Centrifuge announced the completion of a $15 million Series A financing, led by ParaFi Capital and Greenfield, with participation from Circle Ventures, IOSG Ventures, Arrington Capital, Spartan Group, and Wintermute Ventures. The new funds will primarily be used for product development, building on-chain utility, ecosystem growth, and talent recruitment.In addition, Centrifuge stated that it will establish a lending market called Centrifuge Pools on the Base network.

ChainCatcher news, the decentralized data storage network BNB Greenfield testnet is expected to undergo the Serengeti hard fork at 15:00 Beijing time on April 18 (block height 7,354,695). The mainnet is expected to undergo a hard fork at 15:00 Beijing time on April 29 (block height 6,863,285).It is reported that validators and SPs need to complete the upgrade before the specified date, while the Greenfield platform has also launched a series of features and bug fixes to enhance user experience. In the future, a series of user experience improvements will be introduced to simplify the development process and enhance the overall experience.