ChainCatcher message, trader Eugene initiated a poll on X asking "Has this bull market met expectations?" So far, 65.1% of participants have chosen no.In response, KOL Murad commented that the current market return distribution is more dispersed than in the past, so the result is not surprising. Asset selection is more important than ever. He stated that a "scattergun" investment strategy should not be used.

ChainCatcher news, the brand ownership dispute of the cryptocurrency data platform FeiXiaoHao continues to escalate. The original FeiXiaoHao team issued a statement on December 13, claiming that the buyer obtained part of the source code and data after paying the first installment, and then publicly tore up the contract and refused to pay the final payment. The buyer, without paying the final installment, requested an overall brand transfer, which was rejected, and was accused of publicly reselling the source code and data, causing significant losses to the original team. The original team has canceled the brand sale plan and stated that they will continue operations.In response to the above accusations, the buyer published a lengthy article refuting the claims, stating that they have legally registered an overseas company and trademark, and pointed out multiple breaches of contract by the original team: incomplete source code delivery leading to inability to deploy normally, and the same source code being sold to multiple buyers. The buyer stated that after taking over Feixiaohao.com.cn, they invested hundreds of thousands of dollars and spent four months repairing the system before it was back online.Additionally, the buyer revealed several future development plans, including improving the Meme token leaderboard, advancing global layout, adding KOL columns, and VC inclusion among other functional modules. The buyer has now initiated legal proceedings and will maintain their rights through the public disclosure of acquisition details and related evidence.

ChainCatcher news, according to TechCrunch, OpenAI's new video generation AI model Sora has been found to allegedly use game content from titles such as Super Mario and Call of Duty, as well as Twitch streamer likenesses for training. Legal experts warn that this could involve multiple copyright disputes.Experts point out that game videos typically contain multiple layers of copyright, including the copyrights of game developers, unique content generated by players, and user-created maps. Unauthorized use of such content to train AI models may be considered infringement, and even if AI companies claim fair use, users who publish or use the generated copyrighted content may still face legal risks.Additionally, the output content involving trademark or right of publicity issues may also increase legal challenges.

ChainCatcher news, BTIG policy research director Isaac Boltansky stated that the U.S. Securities and Exchange Commission (SEC) is about to undergo personnel changes. If approved by the Senate, Paul Atkins will replace Gary Gensler for a five-year term.However, Isaac Boltansky warned that despite the personnel changes at the SEC, there will still be "jurisdictional disputes" in the future, noting that the agency and the Commodity Futures Trading Commission sometimes clash over cryptocurrency regulation issues because "there are too many cooks in the kitchen, and they can't agree on what they are doing."Additionally, the key question of whether cryptocurrencies should be classified as securities is still being litigated in court, which is beyond the jurisdiction of U.S. federal regulators. The next Congress will have a slight Republican majority, which may at least lead to clearer regulations regarding stablecoins.

According to ChainCatcher news, the Shenzhen News Network reported that the People's Court of Qianhai Cooperation Zone in Shenzhen recently made a ruling on a labor dispute case involving virtual currency salary payments. The case originated in June 2021, when the plaintiff, Zhou, joined a company as a senior engineer, claiming that he had agreed with the company on a monthly salary of 45,000 yuan, of which 20,000 yuan would be paid via bank transfer and the remaining 25,000 yuan in the form of USDT. Two months later, the company terminated the labor contract on the grounds of "skills not matching," but did not pay the agreed portion of the salary in virtual currency.The court determined that, according to the "Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading Speculation" issued by the central bank and ten other departments in September 2021, virtual currencies including Bitcoin, Ethereum, and USDT do not have legal tender status. At the same time, Article 50 of the Labor Law and Article 5 of the Interim Provisions on Wage Payment clearly state that wages must be paid in legal currency on a monthly basis and cannot be replaced by other forms.Ultimately, the court only supported the plaintiff's claim regarding the unlawful termination of the labor contract, ordering the company to pay 10,000 yuan in compensation. The case was upheld by the Shenzhen Intermediate People's Court in the second instance.

According to ChainCatcher news and the China Court website, the People's Court of Xiangyin County, Hunan Province, recently heard a case involving the repayment of a loan with virtual currency. The court ruled that virtual currency does not have the same legal status and enforceability as legal tender, and the borrower's use of virtual currency to repay the debt is invalid.The case shows that the debtor, Wang, used virtual currency to repay a debt of 20,000 yuan through the "TR Foreign Currency Platform," which was later identified by public security authorities as being involved in virtual currency network pyramid schemes. The court cited the notice issued by the central bank and ten other departments in September 2021, titled "Notice on Further Preventing and Handling Risks of Speculation in Virtual Currency Transactions," and determined that the repayment behavior violated financial management order.The court emphasized that any legal person, non-legal person organization, or natural person investing in virtual currency and related derivatives in violation of public order and good customs will have their related civil legal acts deemed invalid, and any resulting losses must be borne by themselves. The final judgment of this case requires the debtor to fulfill the repayment obligation in legal tender.

ChainCatcher message, Slow Mist stated on platform X that, according to data submitted by community users, the losses from the DEXX hacking incident have reached millions of dollars, and these funds are currently scattered across multiple different hacker addresses.

ChainCatcher news, according to Finance Feeds, Swiss investment company ISP Securities has partnered with cryptocurrency technology provider Taurus to use its digital asset custody solution Taurus-PROTECT. ISP's institutional clients will be able to trade, custody, and stake the digital assets provided by ISP.

ChainCatcher news, Abra's head of over-the-counter options trading Bohan Jiang stated that the worst-case scenario for risk assets, including cryptocurrencies, is "a delay or controversy in the results of the U.S. election, similar to the 2000 election, where the results were unknown for weeks. This would lead to a sell-off of risk assets during that period, and the event volatility would extend into the following weeks until we have a definitive result."

ChainCatcher news, lawyer Fred Rispoli stated that Ripple's appeal against the U.S. Securities and Exchange Commission (SEC) mainly relies on paperwork rather than new evidence or trials.He pointed out that both parties will submit three core documents, and oral arguments are expected to take place in September or October 2025, with preliminary opinions potentially affecting the outcome of the case. Rispoli also emphasized that amicus briefs will play an important role in this appeal, providing new perspectives.Additionally, he predicted that SEC Chairman Gary Gensler may resign, and new leadership will have a significant impact on cryptocurrency regulation. If Congress passes new legislation by the end of the year, Ripple's legal team will leverage this new law to influence the direction of the case.

ChainCatcher news, according to CoinDesk, a trader on Polymarket caused a brief mispricing in the 2024 U.S. presidential election market by making a large purchase of Trump "victory" contracts. The trader spent over $3 million in a short period to buy 4.5 million contracts, temporarily pushing the probability of Trump's victory to 99%, far above the actual market rate of 63% at the time.This pricing anomaly was caused by Polymarket's on-chain order book mechanism. In a $275,000 order, the trader executed at 99% odds, while other orders were executed at 65.9 cents and 62.7 cents, respectively. Polymarket's dynamic order book adjusts prices with each transaction, which can lead to significant slippage for large trades, temporarily distorting the actual odds.As of now, the probability of Trump winning on Polymarket is 63%, while Kamala Harris's odds stand at 36%. The market's cumulative trading volume has exceeded $2.2 billion, making it the largest market by trading volume on the platform.

ChainCatcher message: According to Scam Sniffer monitoring, searching for Soneium on Google will display phishing ads. Please do not click on the links and be cautious of the risks.

ChainCatcher news, Sun Guanjun, the chief judge of the People's Court of Taiping and a senior judge at level four, and Wei Yuzheng, a judicial police officer from the judicial police team, co-authored "The Validity of Virtual Currency Transactions." The article points out that the legal and regulatory framework regarding the validity of virtual currency transactions should be improved as soon as possible.On one hand, it is necessary to quickly resolve historical issues and provide corresponding solutions on how to handle virtual currency transactions that occurred before the issuance of the "Announcement on Preventing the Risks of Token Issuance Financing" by the People's Bank of China, the Cyberspace Administration of China, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China Insurance Regulatory Commission.On the other hand, for the issues faced in judicial practice regarding the seizure and confiscation of virtual currencies that cannot be disposed of, feasible solutions should be introduced to maximize the protection of the parties' interests.

ChainCatcher news, according to Decrypt, Google Search has stopped displaying price charts for Bitcoin and other major cryptocurrencies in its search results. Users can still access these charts through Google Finance.Last weekend, users on the X platform pointed out that searching for the price of Bitcoin no longer generates charts in the search results, whereas searching for stock prices still produces charts.As of the time of publication, searching for "DOGE" still shows the price chart for Dogecoin, and the functionality to display Ethereum Name Service (ENS) address balances is still operational. Google has not yet made an official response to this change.

ChainCatcher message, Mempool recently clarified some FUD on platform X: "The Mempool open-source project does not support 'ord' daemon integration, and mempool.space only displays data contained in the Bitcoin mempool, blockchain, and Lightning Network.This means that if users search for a transaction containing Ordinals, inscriptions, or runes, this data will be visible in mempool.space, just as it exists on the Bitcoin blockchain.We only support Bitcoin and do not support shitcoins, but if it is in the mempool or blockchain, it will be visible in mempool.space. Because displaying the blockchain (data) is essentially the role of a Bitcoin explorer."

ChainCatcher news, according to The Block, Bitfarms and Riot Platforms have reached a settlement, which may mean the end of the acquisition dispute between the two Bitcoin mining companies. According to the terms of the agreement, Bitfarms co-founder Andres Finkielsztain has resigned from the board, and Riot-nominated independent director Amy Freedman (a corporate governance and capital markets expert with over 25 years of experience) will take over his position, effective immediately. Riot has agreed to withdraw its amended request and accept the regular standstill provisions until Bitfarms' 2026 annual meeting.Currently, Riot holds 19.9% of Bitfarms' common stock. Under the settlement agreement, Bitfarms has granted Riot certain rights, allowing Riot to purchase additional shares of the company as long as Riot holds 15% or more of the outstanding common stock. However, under the standstill provisions, Riot is still prohibited from acquiring more than 20% of Bitfarms' shares without prior board approval unless Riot intends to make another formal acquisition.On Monday, Riot stated that it intends to regularly review its investment in Bitfarms and may increase or decrease its stake in the company.