ChainCatcher News: A U.S. judge has completely dismissed the corruption charges against New York City Mayor Eric Adams, who is a crypto-friendly individual. He previously announced that his first paycheck after taking office was converted into BTC and ETH through Coinbase.

ChainCatcher message, Ethereum researcher mikeneuder.eth proposed the EIP-7922 proposal, aimed at improving the validator exit queue mechanism. The proposal changes the fixed exit limit (approximately 16 per epoch) to a dynamically adjusted mechanism based on recent exit situations, enhancing exit flexibility, reducing validator waiting time, and lowering liquidity risk. The proposal is currently in draft stage.

ChainCatcher news, according to Blockworks, in light of the recent $13 million attack on Hyperliquid, some members of the Solana community have raised questions about whether Jupiter's JLP risk pool has similar vulnerabilities. In response, analysts believe that Jupiter has structural defense mechanisms that make it unlikely to face similar attacks.First, Jupiter only supports mainstream assets with ample liquidity, such as SOL, ETH, and wBTC, while Hyperliquid allows trading of tokens with lower liquidity (like JELLY), making it more susceptible to manipulation. Secondly, Hyperliquid relies on an internal order book for matching, allowing attackers to manipulate prices using limit orders, whereas Jupiter uses external oracles like Pyth to provide prices, making it difficult to influence market prices through a single platform.Additionally, Jupiter implements strict risk control mechanisms, with all trades directly undertaken by JLP, without involving secondary risk pools or human intervention, ensuring the stability of trade execution. Although JLP still needs to address risks such as market unilateral trends, it balances pool risks through dynamic adjustments of borrowing rates.

ChainCatcher news, according to the official announcement from Binance, in order to better adapt to market demand, Binance C2C will adjust the T+1 withdrawal plan starting from April 1, 2025: Binance will add a T+0 withdrawal limit of $1,000 equivalent assets for all users on top of the existing T+1 withdrawal mechanism. If there are no assets in your Binance account, regardless of how much you buy on that day, you can withdraw a maximum of $1,000 equivalent assets on the day of purchase; the remaining assets can only be withdrawn 24 hours after the order completion time. If you already have assets in your Binance account, an additional T+0 withdrawal limit of $1,000 equivalent assets will be added on top of the existing C2C T+1 withdrawal restrictions. Any Trading Star user who buys any amount of cryptocurrency in C2C will not be subject to the T+1 withdrawal restrictions.

ChainCatcher news, just days after South Carolina dismissed its staking lawsuit against cryptocurrency exchange Coinbase, Kentucky has become the third state to withdraw such a lawsuit, following Vermont. Kentucky's financial regulators submitted a joint motion to dismiss on Monday, officially ending the legal action against Coinbase's staking services. The service had previously been accused of violating state securities laws.Coinbase's Chief Legal Officer Paul Grewal stated on the X platform: "Congress needs to pass the federal market structure bill as soon as possible to end this litigation-driven, state-by-state regulatory approach."

ChainCatcher news, Dragonfly managing partner Haseeb Qureshi responded to the community's pessimistic views on the prospects of the crypto market. Some investors have indicated that venture capital firms may suffer significant losses in the current cycle, believing that tokens lack buyer demand and are unlikely to generate substantial returns to support fund operations.In response, Haseeb mentioned his nearly 8 years of experience in crypto investments, pointing out that similar pessimistic sentiments were present during the 2018/2019 fundraising period. He stated that those with a pessimistic outlook could short the market and expressed his willingness to compare investment results in 3 years.

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal stated on the X platform that South Carolina has followed Vermont in withdrawing its lawsuit against Coinbase's staking services, which will be restored soon. He noted that this case resulted in South Carolina users losing approximately $2 million in staking rewards and emphasized that American consumers should have clear regulations and protections. He thanked South Carolina Attorney General Alan Wilson for pushing to resolve this matter and hopes other states will follow suit.

ChainCatcher message, according to Hyperliquid's announcement, due to the abnormal trading event in the JELLY market, users holding long positions in JELLY will be compensated at a price of 0.037555 upon settlement. This compensation benefits all JELLY traders except for the marked addresses. Event review:A trader self-executed a JELLY position worth 4 million USDC at a price of 0.0095.Subsequently, the JELLY price rose more than 4 times, triggering HLP to buy back and liquidate the position, resulting in a loss of value for the HLP account.Although the 4 million USDC position did not exceed the dynamic open interest (OI) limit, it failed to prevent further opening of positions after triggering the automatic limit.The key issue was that after HLP took over the position, it shared collateral with other strategy components, which did not trigger automatic deleveraging (ADL).Hyperliquid has strengthened risk management, including:HLP Liquidator Management: Setting stricter account value limits, reducing rebalancing frequency, and introducing more complex buyback liquidation logic. If the Liquidator's losses exceed the threshold, it will trigger ADL instead of automatically using collateral from other components.Dynamic Adjustment of OI Limits: The open interest limit will be dynamically adjusted based on market capitalization.Asset Delisting Mechanism: Validators will vote on-chain to delist assets that fall below the threshold.Hyperliquid is committed to continuously optimizing the system and enhancing risk prevention capabilities.

ChainCatcher news, a federal judge in California dismissed a class action lawsuit against the Dfinity Foundation, the developer of ICP. U.S. District Judge James Donato granted Dfinity's motion to dismiss, ruling that the case was "time-barred" due to exceeding the three-year statute of limitations under the Securities Exchange Act.The court supported Dfinity's argument that it first offered ICP tokens to the public in February 2017, thus the investor lawsuit from August 2021 was beyond the statutory timeframe.The plaintiffs, represented at the time by Freedman Normand Friedland LLP (formerly Roche Freedman), did not respond to the defendants' arguments. Therefore, Judge Donato wrote that dismissing these claims due to the statute of limitations was "obvious."

ChainCatcher news, Bitget CEO Gracy Chen publicly criticized Hyperliquid's handling of the JELLY incident, pointing out that the platform: the forced liquidation operation is suspected of price manipulation; the mixed fund pool design has systemic risks; the failure to implement KYC/AML raises concerns about money laundering.Chen warned that if the platform does not address product design flaws and the trust crisis, it could become the "next FTX." This controversy stems from Hyperliquid's previous closure of the JELLY trading pair and the forced liquidation at a specific price.

ChainCatcher message, regarding a certain address today imitating the previous whale operation on Hyperliquid with 50x leverage, dumping 398 million JELLY short positions onto Hyperliquid, causing the Hyperliquid treasury to face liquidation and losses. Sonic Labs co-founder Andre Cronje posted on the X platform stating: "I hate this practice (exploiting Hyperliquid mechanisms). Position size should not be a fixed function of leverage, but should depend on available liquidity and actual volatility. For example, small positions can have 1000x leverage, while large positions can have 1.2x leverage. In the DeFi space, leverage cannot be set as a fixed value."

ChainCatcher news, according to the official announcement, the OKX futures contract daily settlement mechanism will be applied to the BTC-USDT and BTC-USD futures contracts in full margin mode on March 29, 2025, at 4:00 PM (UTC+8).Daily settlement mechanism: Settlement will occur every day at 4:00 PM (UTC+8). After the settlement is completed, the settlement profits will be credited to the account's available balance, the average opening price of the position will be updated to the most recent settlement price, and the floating profits of the position will be calculated based on the new opening price. There will be no fees for the settlement, and it will not affect the position size. The settlement price will be the average of the mark prices in the hour preceding the settlement. Please note that the above settlement mechanism is only effective for full margin positions.

ChainCatcher news, Pump.fun co-founder Alon responded during a podcast when asked about the competitive relationship with Radium's upcoming Launch Lab platform: "We are not afraid of any form of competition. This is not a dispute, but part of the business effort to provide the best products for users. In fact, many innovative platforms in the Ethereum ecosystem and other areas have borrowed some ideas from Pump.fun and iterated on them."Alon believes that multiple different niches will inevitably emerge, and these markets will require their own mechanisms to meet demand. This is an inevitable trend in the industry's development. "As a protocol, Pump.fun aims to be as universal as possible while covering more niches. But we also understand that we cannot cover all markets. Therefore, I look forward to seeing new mechanisms proposed by other teams. If any of them achieve great success, we would be happy to explore the possibility of collaboration."

ChainCatcher message, Slow Mist Cosine posted on platform X stating that a supply chain attack on Coinbase was carried out using the GitHub Actions CI/CD mechanism. Fortunately, it did not continue successfully; otherwise, the next security incident exposed would have been against Coinbase. The supply chain attack path on GitHub: reviewdog/action-setup -> tj-actions/changed-files -> coinbase/agentkit -> stealing GitHub Personal Access Token (PAT), cloud service-related keys, etc. Cosine suggests that if companies use reviewdog or tj-actions, they should conduct a self-check.

ChainCatcher news, according to CNBC, Ripple announced this week that the U.S. Securities and Exchange Commission has officially withdrawn its four-year lawsuit against the company. CNBC stated that this represents the end of the SEC's years-long crackdown on the cryptocurrency industry. The Ripple case may become the final chapter of related lawsuits, as this case was filed on the last day of former SEC Chairman Jay Clayton's tenure.As of now, lawsuits or investigations against Coinbase, Kraken, Robinhood, Binance, and OpenSea have all been withdrawn, resolved, or put on hold.

ChainCatcher news, Binance co-founder He Yi stated on social media regarding the phenomenon of "voting for tokens is just the project parties buying votes for others," that "the next voting delisting on Binance will be for tokens that no one chooses."