ChainCatcher message, a proposal discussion initiated in Jupiter DAO titled "Introducing an Emergency Unstaking Mechanism for JUP". The proposal states, "The fixed 30-day unlocking period for JUP staking is a strong mechanism for locking supply and encouraging long-term commitment, but it can pose significant challenges in black swan events or unforeseen emergencies. Introducing an emergency unlocking option allows users to shorten the 30-day unlocking period by paying a penalty or fee, which can be added to the treasury or redistributed as staking rewards."

ChainCatcher news, according to Cointelegraph, U.S. District Judge Ann Marie McIff Allen in Utah has denied the appeal request from Kristoffer Krohn, a promoter of Green United, regarding the September 23 ruling that allowed the U.S. Securities and Exchange Commission (SEC) to sue Green United LLC. The judge stated that Krohn failed to provide grounds for the appeal.In the arguments against the dismissal of the lawsuit, Krohn claimed that the SEC failed to prove that the Green Boxes offered by Green United were investment contracts, which the regulatory agency alleged in its complaint. He also argued that the SEC confused elements in the Howey test that defines securities. However, Judge Allen stated that Krohn's arguments were incorrect, accusing him of selectively quoting terms from two different definitions and "failing to provide any legal support to demonstrate that any court has adopted the definition he described."In 2023, the SEC charged that executives of Green United operated a fraudulent cryptocurrency mining scheme that defrauded investors of $18 million through the sale of Green Boxes and Green Boxes investment products from April 2018 to December 2022.

ChainCatcher news, according to Ember monitoring, 4 hours ago, the Optimism Foundation transferred 1.286 million OP to OKX, approximately 2.65 million USD.

ChainCatcher news, Mechanism Capital partner Andrew Kang posted on the X platform that MicroStrategy is being pushed up by BTC, with the premium rate continuously reaching new highs, which traditional finance cannot understand, and there is a certain degree of sluggishness towards the MicroStrategy model.

ChainCatcher news, the Nasdaq Stock Exchange listed options for BlackRock's iShares Bitcoin Trust ETF on Tuesday. Data shows that over 350,000 contracts changed hands, with about 80% being bullish bets. Among the 10 most traded options, 9 were betting on an increase. The most traded was a call option expiring in January with a strike price of $55, followed by a call option expiring in December with a strike price of $65, which is 25% higher than the ETF's closing price on Monday. Bitcoin reached a historic high of $94,032 on the day the options contracts were listed.Some investors expect that U.S. Bitcoin ETF options will attract more capital inflow. Caroline Mauron, co-founder of Orbit Markets, stated that the options trading volume is a "good start, showcasing the increasing connection between the crypto-native ecosystem and traditional financial markets. While the volume itself is not yet enough to influence the direction of the underlying asset, the positive news has indeed fueled bullish sentiment."

According to ChainCatcher news, on the website of the Central Commission for Discipline Inspection and National Supervisory Commission, Yao Qian, former director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission and former director of the Information Center, has been expelled from the Party and public office due to serious violations of discipline and law. Investigations show that Yao Qian used regulatory power to seek benefits for specific technology service providers, involving money-for-power transactions related to virtual currencies, and illegally accepted huge amounts of property.In addition, he also violated the spirit of the Central Eight Provisions by improperly accepting valuable items, accepting banquets, and engaging in irregular operations in employee recruitment and investment shares. After research and decision by the Party Committee of the China Securities Regulatory Commission and relevant disciplinary inspection and supervision departments, Yao Qian has been subjected to serious penalties, and issues involving suspected criminal activities have been transferred to the procuratorial organs for legal review and prosecution.Previous report indicated that Yao Qian was suspected of serious violations of discipline and law, and had previously undergone disciplinary review by the disciplinary inspection team stationed at the China Securities Regulatory Commission and supervisory investigation by the Shantou Municipal Supervisory Committee in Guangdong Province.It is reported that Yao Qian was the first director of the Digital Currency Research Department of the People's Bank of China (CBDC) and was named one of the most influential figures in the blockchain field by Coindesk in 2017. He has published multiple research articles on blockchain technology, digital currency, and Web 3.0, and co-authored the book "Web 3.0: Changes and Challenges of the Next Generation Internet."

ChainCatcher news, according to Cointelegraph, rumors have begun circulating on social media about Ripple Labs CEO Brad Garlinghouse's recent meeting with incoming President Trump, as the company and Garlinghouse face criticism from industry executives. In response to these rumors, former Messari CEO and founder Ryan Selkis commented, "Brad Garlinghouse is vigorously promoting the deployment of XRP and CBDCs." Riot Platforms Vice President of Research Pierre Rochard retweeted Selkis's comment.Rochard agreed with Selkis's view and wrote, "We cannot allow Ripple to influence U.S. policy-making with their anti-Bitcoin agenda," and expressed hope that Trump would appoint more Bitcoin supporters to his administration. It is rumored that Garlinghouse's meeting with Trump was one of the catalysts for the recent rise in XRP.When appearing on Fox Business recently, Garlinghouse neither confirmed nor denied the rumors of a meeting with Trump. However, he expressed confidence in the future of the crypto industry under Trump's administration. He also stated that he was not surprised by the positive reaction of the crypto market following Trump's victory on November 5. Garlinghouse pointed out that SEC Chairman Gary Gensler's hostility towards the industry is a major driving force suppressing U.S. crypto projects.

ChainCatcher news, DL Research posted on X that Curve Finance's decentralized stablecoin crvUSD has generated $18 million in fees since its launch in June, with a market cap reaching $66 million.Previous report, CurveDAO launched the yield-bearing stablecoin Saving crvUSD (scrvUSD), which has reached $6.6 million in deposits as of the time of publication.Curve Finance clarified: "Since the fee distribution switched to crvUSD in June, this fee has been generated. The crvUSD itself was launched in May 2023, and more fees have been generated since then."

ChainCatcher news, according to Cointelegraph, Consensys CEO Joe Lubin stated that as Trump is re-elected as the 47th President of the United States, the ongoing legal disputes between cryptocurrency companies and U.S. securities regulators may gradually disappear.Lubin said at DevCon 2024 held in Thailand: "So my guess is that they will find a way to dismiss or resolve the cases in a way that is not embarrassing, or something like that. Maybe not all cases, maybe not all elements of the cases, but I believe our industry will save hundreds of millions of dollars in the future. I think Trump's transition team has already been actively working on this."

ChainCatcher news, according to Cointelegraph, former CEO of the crypto platform Celsius, Alex Mashinsky, is facing criminal charges in the United States. His representative lawyer has lost the case and failed to dismiss two charges related to commodity fraud and manipulation of the CEL token price.In documents submitted to the U.S. District Court for the Southern District of New York on November 8, Judge John Koeltl ruled that Mashinsky's legal team's arguments for dismissing the charges were "either irrelevant or without merit." The judge denied the motion to dismiss the two charges, leaving seven charges still in the indictment against Mashinsky, with the trial scheduled to begin in January 2025.

ChainCatcher news, according to Jinshi reports, Bitcoin has been boosted by Trump's election victory, breaking the $80,000 mark for the first time, with a daily increase of over 4.0%. Trump vowed during his campaign to make the United States a hub for the digital asset industry, including establishing a strategic Bitcoin reserve and appointing regulators enthusiastic about digital assets.He is in a more favorable position in the election than expected—his Republican Party controls the Senate and is expected to gain a slim majority in the House of Representatives.

ChainCatcher news, according to Jinshi reports, the Federal Reserve announced a rate cut of 25 basis points this week as expected, lowering the target range for the federal funds rate to 4.5%-4.75%. All 12 FOMC voting members supported the rate cut. The policy statement removed references to progress on inflation and increased confidence in achieving targets, emphasizing a focus on the dual risks of employment and inflation. Federal Reserve Chairman Powell stated that future rate cuts will be accelerated or slowed based on economic conditions, and given the current high level of uncertainty, it is not appropriate to provide too much forward guidance, but they will gradually move towards a neutral policy stance. He also mentioned that the election will not affect the Federal Reserve's recent policy decisions, and the president has no legal authority to dismiss him due to Trump's resignation.It is reported that Trump's election has led traders to reduce bets on the Federal Reserve cutting rates next year, with expectations of a pause after 1-2 rate cuts in the first half of 2025.

ChainCatcher news, according to Jinshi reports, based on market news, the Trump team plans to push for the dismissal of the Georgia 2020 election case.

ChainCatcher message, Federal Reserve Chairman Powell: According to the law, the president is not allowed to fire or demote a Federal Reserve Board member.

ChainCatcher news, according to a report by Poster News, on November 6, the police in Leshan, Sichuan disclosed a case of illegal operation, dismantling a major cross-regional underground bank crime network involving 13 provinces across the country, with an amount involved exceeding 38 billion yuan. Recently, the Leshan Intermediate People's Court made a ruling, sentencing three defendants to fixed-term imprisonment ranging from two years and six months to thirteen years and six months for the crimes of illegal operation and issuing false value-added tax invoices.It is reported that the case involved virtual currency transactions and cross-border fund transfers, with the operational information being complex and mixed, amounting to over 20 million pieces of data. According to the police officers in the special case team, a total of 37 cases have been filed by public security organs nationwide, and 176 criminal suspects have been arrested, successfully dismantling this major cross-regional underground bank crime network involving 13 provinces and an amount exceeding 38 billion yuan. Currently, relevant cases are being further investigated and tried in various places. Among them, the principal offender in this case has been sentenced to thirteen years and six months of fixed-term imprisonment by the Leshan Intermediate People's Court.

ChainCatcher news, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has requested the Northern District of California to dismiss three defenses raised by Kraken against allegations of illegal activities on its cryptocurrency trading platform. In a motion submitted on November 5, the regulator rejected Kraken's claims regarding the ambiguity of securities laws and how they apply to virtual assets, as well as the assertion that the exchange did not receive fair notice indicating that its actions were considered violations of securities laws.It also asked the court to dismiss Kraken's "major questions doctrine" defense. This doctrine is a legal principle established by the Supreme Court, which states that agencies cannot expand their regulatory authority without explicit congressional authorization.In November 2023, the SEC sued Kraken for operating as an unregistered securities exchange, broker, dealer, and clearing agency. The SEC stated that it believes Kraken has illegally earned hundreds of millions of dollars by facilitating the buying and selling of crypto asset securities since September 2018. Kraken filed a motion to dismiss the case, which was denied in August.

ChainCatcher news reports that lawyers for Binance and former CEO Changpeng Zhao are once again attempting to dismiss the lawsuit filed against them by the U.S. Securities and Exchange Commission. They have filed a motion to dismiss the amended complaint submitted by the SEC last month.It states that the amended complaint merely "verbally" acknowledges the previous court ruling, which determined that the crypto assets themselves are not securities, but refuses to accept the logical conclusion of that ruling, which is that reselling these assets on the secondary market long after the developers initially distributed the crypto assets does not constitute "securities" transactions. Instead, the SEC's revised complaint continues to assert that nearly all transactions involving crypto assets (including blind secondary market resales of tokens) are securities transactions, because some buyers may hope that the asset's value will appreciate.

ChainCatcher news, according to Protos, "Australian" Craig Wright argues that he cannot attend the court meeting in December due to his severe autism and the Christmas schedule, following accusations of contempt of court in a legal application submitted to the Cryptocurrency Open Patent Alliance (COPA).The law firm Bird and Bird, representing the Cryptocurrency Open Patent Alliance, stated that Craig Wright violated his injunction after deleting online notices and filing lawsuits against Jack Dorsey's Square Up and BTC Core.In addition, the Cryptocurrency Open Patent Alliance seeks to suspend Wright's lawsuits and halt related court proceedings until the contempt of court lawsuit is resolved. Cryptocurrency Open Patent Alliance lawyer Jonathan Hough stated, "Wright is trying to evade the consequences of his actions. He may want to avoid the police or prevent being detained."