ChainCatcher news, reported by Invest360, China Pacific Insurance Investment Management (Hong Kong) Co., Ltd. has launched a tokenized US dollar money market fund "CPIC Estable MMF". This fund is a tokenized US dollar money market private fund under the open-ended fund company framework regulated by the Hong Kong Securities and Futures Commission, achieving product tokenization on the public chain, with a subscription scale of 100 million US dollars on the first day.The fund is initiated and managed by China Pacific Insurance Investment Management (Hong Kong) Co., Ltd., with thePAC as the token issuance platform, and Standard Chartered Bank providing custody, registration, and fund administration services. The fund will invest in short-term deposits and high-quality money market instruments denominated in US dollars, and is open only to professional investors.The CEO of China Pacific Asset Management Hong Kong stated that the issuance of the tokenized US dollar money market fund is a milestone for the company in the direction of combining traditional finance with blockchain technology, and in the future, more traditional assets will be tokenized using real-world asset technology.

ChainCatcher news, according to The Block, the Filecoin ecosystem liquidity staking protocol Glif has announced the launch of its governance token GLF, and is distributing 94 million tokens through an airdrop, accounting for 9.4% of the total supply.Glif had previously planned to airdrop 100 million GLIF to eligible users, accounting for 10% of the total supply, but adjusted the number based on participation, with the remaining tokens to be returned to the community reward pool for distribution later. Glif also announced plans to establish the GLIF Foundation, a non-owner entity that will represent the GLIF DAO and be managed by GLIF holders.

ChainCatcher news, focusing on RWA assets, Layer1 blockchain MANTRA stated in its official blog that the sybil investigation results show that out of 217,351 wallets, 123,195 wallets have been disqualified; due to the failure to bridge and associate their mainnet wallet addresses, there are still 80,000 wallets unallocated; as a reward for discovering 1,066,480 OM related to bot activity, 29 community members were allocated 106,648 OM for providing high-quality and effective witch reports; to ensure legitimate participants receive their GenDrop allocation, self-reports that could not be reliably verified for accuracy have been invalidated; therefore, according to the proposal, 26,942,144 OM will be reserved for destruction.Next, a governance proposal will be shared, and the community can vote to decide the future of these OM.

ChainCatcher news, according to an analysis by Shen Yu, co-founder and CEO of Cobo, Strategy (MSTR) cleverly amplifies Bitcoin's high volatility by 2.5 times to the U.S. stock market.Professional institutions utilize this high volatility for arbitrage, gaining short-term profits; MSTR raises cash through issuing convertible bonds and ATM share increases to accumulate a large amount of Bitcoin; common shareholders bear the severe stock price fluctuations and short-term decline risks, but passively receive the "Bitcoin yield" from the increased Bitcoin per share; Bitcoin holders benefit from the continuous influx of market funds and the rise in Bitcoin prices.

ChainCatcher news reports that cryptocurrency scams continue to pose an increasing threat to investors, with scammers using increasingly sophisticated methods to steal funds and personal information. To help the public identify and avoid these scams, the California Department of Financial Protection and Innovation (DFPI) has released a glossary containing 24 different types of cryptocurrency scams, highlighting the most common ways scammers deceive victims:Advance Fee ScamsAffinity ScamsAI Investment ScamsAsset Recovery ScamsBait and Switch ScamsBitcoin Mining ScamsCrypto Blackmail ScamsCrypto Gaming ScamsCrypto Job ScamsCrypto Wallet Drainer AttacksFraudulent Trading PlatformsHackingHigh-Yield Investment ProgramsIdentity TheftImposter ScamsInvestment Group ScamsLiquidity Mining/Yield Farming ScamsCrypto Giveaway/Airdrop ScamsPig Butchering ScamsRansomwareRomance or Social Media ScamsRug Pull ScamsSignal Selling ScamsTech Support Scams

ChainCatcher news, according to Decrypt, a man in California has been sentenced to 87 months in federal prison for using Bitcoin to launder proceeds from the sale of MDMA on the dark web.29-year-old San Francisco resident John Khuu pleaded guilty to conspiracy to launder money and operating an illegal money transmission business. According to Texas law enforcement, Khuu imported MDMA from Germany and sold it on various dark web markets, accepting Bitcoin payments. He then converted the Bitcoin stored in seller accounts into dollars and laundered the money through "hundreds of transactions and dozens of financial accounts."This arrest is part of "Operation Crypto Runner," a joint multi-year investigation announced by the U.S. Department of Justice, the U.S. Secret Service, and the Postal Inspection Service in November 2022. Blockchain analysis firm Chainalysis believes that 2024 could be the largest year for money laundering through cryptocurrency, exceeding $40 billion, setting a new record. The U.S. Treasury's 2024 risk assessment found that while traditional money laundering methods still dominate, the use of cryptocurrency for laundering drug transactions is increasingly rising, with methods becoming more complex.

ChainCatcher news, Alex Nascimento, a blockchain researcher and professor at the University of California, Los Angeles (UCLA), has included a case study of Bitget in the fourth edition of his new book, The STO Financial Revolution. The book provides a comprehensive analysis of blockchain, cryptocurrency, and Web3 technologies, exploring their applications in the financial sector and offering practical guidance for compliant fundraising for businesses and investors.This book is co-authored by industry experts and features case studies from well-known organizations such as Bitget, DWF Labs, UNICEF, BTG Pactual, and Polymath, showcasing key developments in the blockchain industry and discussing how blockchain technology is transforming the global financial system. The book has already been adopted by several academic institutions, including UCLA, as an important teaching material for courses related to the digital economy.UCLA blockchain professor Alex Nascimento stated, "Incorporating blockchain technology and Web3 principles into the global education system is crucial for cultivating a new generation of talent that can adapt to a decentralized digital world. By supporting blockchain education initiatives, Bitget is not only a driver of business innovation but also a significant contributor to the dissemination of blockchain knowledge."

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that if the EU's (spirits) tariffs are not lifted immediately, the U.S. will take retaliatory measures. These tariffs will include alcoholic products from France and other EU countries.

According to ChainCatcher, The Block reported that South Korea's financial regulatory agency announced on Wednesday plans to release comprehensive guidelines for institutional cryptocurrency investment in the third quarter. The Financial Services Commission made this announcement during a meeting with local cryptocurrency industry experts. While the investment guidelines for listed companies and professional investors are expected to be issued in the third quarter, the Financial Services Commission stated that its goal is to launch investment guidelines for non-profit organizations and cryptocurrency exchanges in April.The Financial Services Commission first announced in January that it would gradually lift the de facto ban on institutional investors investing in cryptocurrencies. Last month, the regulator revealed that it intends to first allow charities and universities to sell their cryptocurrency assets in the second quarter. The upcoming detailed guidelines further solidify South Korea's shift in stance towards cryptocurrencies, no longer strictly opposing the entry of crypto assets into traditional financial markets.Meanwhile, the Financial Services Commission has also begun developing a second set of rules for a two-part cryptocurrency regulatory framework, with the first set of rules launched last year. The second part of the cryptocurrency law will focus on stablecoins and regulating cryptocurrency business owners.

ChainCatcher news, according to Decrypt, in 2024, the California Department of Financial Protection and Innovation (DFPI) has shut down 26 fraudulent cryptocurrency websites, with related consumer losses exceeding $4.6 million in 2024.The DFPI has processed over 2,600 complaints through its "Crypto Scam Tracker," revealing seven new types of scams, including fake Bitcoin mining, cryptocurrency job scams, and crypto gaming fraud, as well as misleading artificial intelligence investment schemes.Meanwhile, the California Department of Justice (DOJ) has reported shutting down 42 websites operated by international scammers, discovering losses of $6.5 million due to promises of high returns.

ChainCatcher news, according to CoinDesk, Bilal bin Saqib, chief advisor to the Finance Minister of Pakistan and a member of the newly established Pakistan Cryptocurrency Council (PCC), stated on Monday that Pakistan is exploring blockchain technology to simplify the overseas remittance process.The PCC is advocating for a clear regulatory framework for blockchain and Web3 innovations and is exploring initiatives such as the tokenization of real-world assets while complying with the Financial Action Task Force (FATF) standards. In the fiscal year 2023 to 2024, overseas Pakistanis are expected to remit over $31 billion through traditional channels, but these channels are often cumbersome and costly, with fees potentially exceeding 5%. He stated, "The Pakistan Cryptocurrency Council will explore blockchain-based remittance solutions to reduce costs and minimize delays."Additionally, there will be investments in blockchain education, skill enhancement programs, and Web3 development to cultivate talent, promote employment, and drive economic growth.

ChainCatcher news, Gemini co-founder Tyler Winklevoss stated that XRP, SOL, and ADA are not suitable to be crypto strategic reserves. Currently, there is only one digital asset in the world that meets the criteria, which is Bitcoin.

ChainCatcher news, RedStone (RED) is currently priced at $0.8 in the Binance pre-market, triggering an upward circuit breaker mechanism, which is 400% of the initial opening price of $0.2, and the pre-market price limit will be lifted after 18:00 (UTC+8) on March 3.ChainCatcher previously reported that the Binance pre-market has launched an upward circuit breaker mechanism. The circuit breaker mechanism means that within 72 hours before the market opens, the highest trading price cannot exceed a certain percentage of the opening price. After 72 hours, there will be no restrictions on the trading price, and normal trading will resume. Taking RED as an example, the maximum holding limit for each user before listing is: 5,000 RED. The upward circuit breaker rules are:2025-02-28 18:00 (UTC+8) - 2025-03-01 17:59 (UTC+8): The maximum allowable price limit is 200% of the initial opening price;2025-03-01 18:00 (UTC+8) - 2025-03-02 17:59 (UTC+8): The maximum allowable price limit is 300% of the initial opening price;2025-03-02 18:00 (UTC+8) - 2025-03-03 17:59 (UTC+8): The maximum allowable price limit is 400% of the initial opening price;After 2025-03-03 18:00 (UTC+8): No price limits in the pre-trading market.It is worth noting that this price limit mechanism is only being tested during the issuance of the RED token, and it is currently uncertain whether this feature will become a long-term feature of the future pre-market.

ChainCatcher news, Musk harshly criticized Meme coins in the latest episode of the Joe Rogan Experience podcast, calling them something akin to a "casino," and warned market participants not to invest their life savings into Meme coins.Meanwhile, Musk also talked about Dogecoin, adding that Dogecoin initially started as a Meme coin but is more like a joke cryptocurrency involving memes and dogs. Joe Rogan believed that the Meme coin craze is too crazy, especially with people putting real money into it.