ChainCatcher news, ChainCatcher is launching the first session of the "ChainCatcher Series on How to Choose the Right DEX" event on the X Space platform------"DEX vs On-chain Wallet, Where Are P Xiaojiang's Assets Flowing?" is now live.The guests attending this Space event include: GMGN Co-Founder haze, Bitget Wallet CEO Karry, and on-chain expert 0XDavid (Golden Dog Excavator). They will deeply analyze the current market hotspots, focusing on the redistribution of market traffic after the temporary suspension of OKX DEX and the changing trends in the asset flows of P Xiaojiang.Tonight at 19:30, let’s gather at ChainCatcher X Space to unlock the infinite possibilities of wallets and DEX, and embark on a journey of on-chain wealth together.

ChainCatcher news, Nasdaq-listed company Canaan Technology released its Bitcoin mining operation update for February 2025 and announced the preliminary unaudited financial settlement for the fourth quarter ending December 31, 2024, disclosing that the total amount of Bitcoin held by the company has reached 1,355 coins, with a fully operational hash rate of 0.93 EH/s achieved since February of this year. The total revenue for the fourth quarter of 2024 is expected to be approximately $89 million.Previous news indicated that Canaan Technology held 1,319 Bitcoins on its balance sheet as of the end of January.

According to ChainCatcher news and the announcement from the Hong Kong Stock Exchange, Hong Kong-listed company Jiamu Technology has announced the authorization of a placement of new shares, with the funds intended for the development of Web 3.0 business, including the development of an on-chain data analysis platform and the organization of a DEX aggregator for decentralized exchange quotes. It is reported that the net proceeds from the placement are expected to be approximately HKD 33.272 million, with about HKD 11.646 million allocated for the development of the DEX aggregator and the on-chain data analysis platform.

ChainCatcher news, according to PRNewswire, Canaan Technology released its unaudited monthly update on Bitcoin mining operations for the period ending January 31, 2025, which disclosed a mining output of 88 Bitcoins in January 2025. At the end of the month, Canaan Technology held a total of 1,319 Bitcoins on its balance sheet.

ChainCatcher message, the Dongyang Public Security Bureau of Zhejiang Province has issued a notice: Our bureau is investigating a case involving Hu and Jia, who are suspected of committing fraud using a virtual currency called "Xirang Coin." Currently, there are still some victims who have not reported to the public security authorities in a timely manner. In order to clarify all criminal facts and protect the legitimate rights and interests of the people, the following notice is issued in accordance with relevant legal provisions:Reporting registration time and location: Time: within three months from the date of this notice; Location: Dongyang Public Security Bureau Hengdian Branch (No. 66 Jiangbin West Road, Hengdian Town, Dongyang City, Zhejiang Province).Target of the notice: Individuals who participated in the "Xirang Coin" virtual currency project investment under the inducement of Hu, Jia, and others from January 2022 to December 2024.Required materials for registration: 1. A copy of the participant's ID card; 2. Investment proof related to the investment activities on the above platform (project investment screenshots, bank transfer records, third-party payment records, TP wallet address, etc.), WeChat chat records, and other relevant evidence.

ChainCatcher news, according to the Jiangsu High Court's official WeChat account, the Jiangsu High Court has released typical cases involving foreign-related commercial trials, stating that overseas virtual currency investments are not protected by Chinese law. In the relevant case, Singaporean citizen Pan XX and Chinese citizen Tian XX signed a cooperation agreement with a third party to jointly operate the "MFA Blockchain" project. Pan XX transferred 15.74 million yuan to Tian XX for the purchase of MFA virtual currency, but later the virtual account involved in the case was locked, resulting in the total loss of the principal. Pan XX filed a lawsuit in court.The Jiangsu High Court, in its second instance, held that Pan XX is a Singaporean citizen, and the case has foreign-related factors. According to China's law application rules, matters involving China's financial security and social public interests should directly apply the mandatory provisions of Chinese laws and regulations, which prohibit virtual currency investments. In this case, the parties signed a contract to speculate on overseas virtual currencies, violating the mandatory provisions of China's financial regulatory field. Therefore, the investment losses claimed by the parties are not protected by law, and the resulting losses shall be borne by the parties themselves.

ChainCatcher news, according to Jiangxi Daily, recently, the Criminal Investigation Team of the Yongfeng County Public Security Bureau in Jiangxi Province, in conjunction with the Municipal Public Security Bureau's Criminal Investigation Detachment, successfully dismantled a money laundering gang that used virtual currency for "electric fraud scoring."Since late January this year, the suspects Liang Mouyong, Zeng Mou, and Zhang Mouyong formed a "electric fraud scoring" team for profit, gradually recruiting others and developing a network. Liang Mouyong was responsible for using "paper**" overseas chat software to contact fraudsters for orders, while Zeng Mou and Zhang Mouyong were responsible for finding card farmers, collecting more than 10 bank accounts through borrowing and inducement, which were used to receive illegal funds. After the illegal funds were received, they were converted into virtual currency to achieve the purpose of money laundering. From January 24 to February 3, the gang transferred over 100,000 yuan.Currently, Liang Mouyong, Zeng Mou, and 6 others have been criminally detained by the public security organs according to the law, while Wen Moubo and Gao Moubing have been administratively punished by the public security organs according to the law. The case is still under further investigation.

ChainCatcher news, Canaan Technology released an unaudited Bitcoin mining update report for the period ending December 31, 2024, which disclosed a mining output of 62 BTC in December 2024, with a total of 1,293 Bitcoins held by the end of the month. In addition, Canaan Technology also disclosed a preliminary expectation for total revenue in fiscal year 2025 to be between $900 million and $1.1 billion, but actual results may differ from these expectations.

ChainCatcher news, according to IT Home cited by Jin10, after TikTok announced it would suspend services in the United States, it was found that CapCut, the overseas version of Jianying, which is also under ByteDance, will also cease operations simultaneously.CapCut's official announcement stated: "We regret to inform you that a law prohibiting the use of CapCut in the United States will take effect on January 19, which will force us to temporarily suspend our services. We are working hard to restore our services in the United States as soon as possible. Thank you for your support. Please stay tuned."

ChainCatcher news, according to Hong Kong News Network, National Committee member of the Chinese People's Political Consultative Conference and consulting expert of the Ministry of Finance, Luo Zhuojian, published an article calling for the active development of stablecoins to maintain Hong Kong's financial center advantages. He pointed out that Hong Kong can collaborate with financial institutions in other regions on the application of stablecoins, exploring their potential in international settlement and cross-border application models. It can also encourage cooperation among traditional financial institutions, payment platforms, and technology companies to jointly promote the application of stablecoins.In addition to cross-border and payment uses, stablecoins can also be utilized in fundraising and asset management, further expanding their application scope. Moreover, it is necessary to broaden the participation in the sandbox, relax application conditions, and allow more startups and innovative projects to test new products in a low-risk environment.

ChainCatcher news, Canaan Creative announced that its wholly-owned subsidiary Canaan U.S. Inc. has signed a procurement agreement with a new strategic U.S. customer to supply 2,800 air-cooled Avalon A15XP mining machines. These mining machines have a hash performance of 207 Terahash per second (TH/s) and are expected to be delivered in the first quarter of 2025.

ChainCatcher news, Nasdaq-listed company Canaan Creative Technology announced that its Singapore subsidiary Canaan Creative Global Pte. Ltd. has signed a mining machine purchase agreement with AGM Group Holdings Inc., initially providing 2,000 Bitcoin mining machines. Additionally, it has agreed to offer an option to purchase approximately 30,000 additional BTC mining machines.

ChainCatcher news, according to Finance Magnates, Bitcoin mining machine manufacturer Canaan Inc. has recently signed a securities purchase agreement to sell up to 30,000 shares of Series A-1 preferred stock to an institutional investor at a price of $1,000 per share. The agreement will raise $30 million to support the development of digital mining and equipment in North America.Previously, Canaan Inc. completed its Series A financing in September 2024, during which it sold up to 125,000 Series A convertible preferred shares.Canaan Inc. has also made progress in product development, with high demand for its Avalon A15-194T mining machines. The company has signed a follow-on purchase agreement with HIVE Digital Technologies to deliver 5,000 Avalon A15 mining machines in the first quarter of 2025. In addition to expanding its product supply, Canaan Inc. is also strengthening its mining operations in North America. Its subsidiary, Beet Digital LLC, has signed a joint mining agreement with Luna Squares Texas LLC (LS Texas). The agreement aims to expand Canaan Inc.'s mining capacity to 10 EH/s by mid-2025.

ChainCatcher news, Canaan Inc. (NASDAQ: CAN) today released its unaudited financial performance report for the period ending September 30, 2024.The report shows that total revenue for the quarter was $73.61 million, an increase of 120.9% year-over-year; total sales hash rate was approximately 7.3 million Thash/s, an increase of 93.8% year-over-year; mining revenue was $8.96 million, with 147 bitcoins mined, averaging $61,034 per bitcoin; operating loss was $56.84 million, narrowing by 49.6% year-over-year.As of September 30, 2024, the company held a total of 1,231.3 bitcoins, with a fair value of cryptocurrency assets and cryptocurrency receivables totaling $79.02 million.

ChainCatcher news, according to Cointelegraph, Canaan's (嘉楠科技) founder and CEO N.G. Zhang recently revealed in an interview that the company plans to launch a Mini series of home mining machines by the end of this year, with a maximum power of about 800W, using the latest chips, and a maximum hash rate of up to 40T, while also featuring heating capabilities.Zhang stated that the shipment of the previously launched Avalon Nano3 series home mining machines exceeded 10,000 units last quarter. He believes that home mining products are expected to account for 20% of the overall mining market in the future, which will greatly enhance the security of the Bitcoin network.Looking back over the past decade, Zhang pointed out that from the first generation Avalon mining machine with 66Ghs hash rate and 700W power consumption, to the 15th generation A1566 with over 200,000 Ghs hash rate and 3600W power consumption, the performance of mining machines has improved by about 3000 times, and energy efficiency has increased by nearly 600 times. Currently, the A1566 mining machine has achieved a hash rate of 210THs, with some high-end models achieving energy efficiency below 17J/TH.

ChainCatcher news, according to The Paper, the Jingde Court in Zhejiang recently concluded a contract dispute case regarding the sale of virtual currency mining machines. In April 2021, the plaintiff, Mr. Hang, purchased a "mining machine" platform and 64 hard drives from the defendant, Mr. Chen, for a total value of 429,000 yuan. After paying the full amount, Mr. Chen failed to deliver the equipment as agreed and only refunded 180,000 yuan.The court cited the National Development and Reform Commission's "Notice on Rectifying Virtual Currency 'Mining' Activities" issued in September 2021, as well as the central bank and other departments' "Notice on Further Preventing and Handling Risks of Virtual Currency Trading Speculation," determining that activities related to virtual currency are illegal financial activities. The court ruled that the contract for the sale of the mining machines was invalid due to violation of public order and good customs, and ordered the defendant to return the remaining 249,000 yuan.The second-instance court upheld the original ruling, stating that the relevant contract not only violated public order and good customs but also did not conform to the basic principles of resource conservation and environmental protection.

ChainCatcher news, DWF Labs announced the appointment of Lingling Jiang to be responsible for the company's business development. Lingling has two years of experience at DWF Labs, previously serving as the Regional Sales Director for Asia and the Head of the Hong Kong region.According to DWF Labs Managing Partner Andrei Grachev, Lingling has deep industry experience and rich professional expertise, which will play a key role in shaping the company's strategic direction. In her new position, she will be involved in corporate decision-making, lead business development strategies, and represent DWF Labs at global industry events.Previous news, DWF Labs has relieved a partner accused of drugging women from related positions.

ChainCatcher news, on October 25, the Ministry of Public Security held a special press conference in Beijing to report on the effectiveness of the measures taken by the national public security organs to combat and rectify ethnic asset unfreezing fraud crimes.Zhou Qiancheng, head of the Criminal Investigation Division of the Ningbo Public Security Bureau in Zhejiang Province, introduced that at the beginning of this year, Ningbo public security organs discovered that local residents were participating in the "China International Plum Blossom Association" ethnic asset unfreezing fraud project. Upon investigation, it was found that the suspects established an illegal organization called "China International Plum Blossom Association" as bait with high pension returns, recruiting participants from all over the country, and collecting fees under the names of "membership fees," "venue fees," "certificate fees," and "personal income tax," using virtual currency to launder money and illegally profit. The involved funds have been confirmed to exceed 58 million yuan.Currently, the case is still under further investigation.

ChainCatcher news, the official account of Three Arrows Capital announced on social media that it has invested in the meme project ASTROFOLIO, acquiring 0.7% of the total supply of all 12 zodiac tokens.It is reported that the official account of Three Arrows Capital resumed updates on September 28, and the account has now been renamed to Three Arrowz Capitel, with the ENS domain also being a newly applied domain. Zhu Su stated on September 28 that the account has resumed operations.