ChainCatcher news, Trump stated in his inauguration speech that a few months ago he faced threats to his freedom and even his life, but he expressed his commitment to the goal of "making America great again." He emphasized his determination to rebuild America and achieve national prosperity and strength.

ChainCatcher message, Gary Gensler allegedly posted a farewell on the X platform, stating: It has been my honor to serve as the Chair of the U.S. Securities and Exchange Commission. Public service is about giving back to our communities, whether they are neighborhoods, counties, or states; or, as part of this agency, I firmly believe that capital markets, competition, and common-sense rules benefit both investors and issuers. This is why the SEC and its staff play a critical role in overseeing the markets and ensuring compliance with common-sense rules of U.S. securities law:We have reduced costs and risks and enhanced the integrity of our two largest markets—the nearly $60 trillion stock market and the $28 trillion bond market;We have helped improve the transparency and integrity of corporate governance for public companies, including implementing new cooling-off periods and other conditions before insiders of companies that may possess significant non-public information trade their company’s securities;We have established rules requiring regulated broker-dealers and investment advisers to notify clients of data breaches that may put personal information at risk;We have laid the groundwork for important debates regarding the growing applications of artificial intelligence in the financial sector;We have updated the rules for the stock and bond markets, shortening the settlement cycle;We have returned over $2.7 billion to harmed investors.

ChainCatcher news, according to CoinDesk, BIT Mining has acquired a 51-megawatt power facility and nearly 18,000 Bitcoin mining machines in Ethiopia through a $14 million deal. With electricity costs in Ethiopia being about 70% lower than in the United States, the company is able to transfer old mining machines that were retired in the U.S. for local use, extending the lifespan of the machines by about two years.It is reported that Ethiopia's abundant hydroelectric resources (partly from China-funded projects, such as the Grand Ethiopian Renaissance Dam) and the government's support for Bitcoin mining provide BIT Mining with a unique opportunity.Currently, Ethiopia contributes 1.5% of the Bitcoin network's hash rate, comparable to Norway. Despite facing social unrest, BIT Mining chose to purchase existing facilities rather than build new ones to mitigate potential risks.

ChainCatcher news, according to the latest analysis report from ChainPlay and Storible, the GameFi industry is showing a high failure rate and short lifecycle in 2024, with approximately 93% of projects considered failures, and token prices averaging a 95% drop from historical highs, with an average project lifespan of only 4 months.Despite this, some venture capitalists like Alameda Research achieved returns as high as 713.15%, but 58% of investors also faced significant losses. The total financing for GameFi in 2024 reached $859 million, a year-on-year decrease but with a 44% increase in financing rounds compared to last year, reflecting investors' increased focus on high-potential projects.The report states that the GameFi industry needs to shift from speculative frenzy to sustainable development, aiming for long-term success by extending project lifecycles and building value-driven ecosystems.

ChainCatcher news, according to official sources, the decentralized ecological protocol based on Bitcoin, BLIFE Protocol, has announced the completion of a $7 million financing round. Investors include well-known institutions such as UTXO Management, BTC Frontier Fund, New Tribe Capital, Cypher Capital, DigiConsensus, PG Group, OIG Group, and Animoca Brands. Individual investors include Dingaling, Ysiu, Domodata, FarmerJoe, and Kuno. BLIFE Protocol stated that it will focus on building a cultural community platform within the Bitcoin ecosystem.

ChainCatcher news, a Russian court has sentenced the founder of the online black market and cryptocurrency mixing service Hydra, Stanislav Moiseev, to life imprisonment. The service processed over $5 billion worth of cryptocurrency during its operation.According to a statement from the Moscow Prosecutor's Office on December 2, the Moscow Regional Court found Moiseev and his 15 accomplices guilty of organized crime and illegal production and sale of psychoactive substances and drugs. The sentences for Moiseev's 15 accomplices ranged from 8 to 23 years. Moiseev was also fined $38,100 (4 million rubles), while his 15 accomplices were ordered to pay a total of $152,400 (16 million rubles). As part of the sentencing order, properties and vehicles related to the convicted individuals were also seized.According to Russian state media TASS, they will serve their sentences in a "strict regime" penal colony.

ChainCatcher news, Ethereum co-founder Vitalik Buterin stated in an interview with Wu Blockchain that after the Ethereum main chain was launched in 2015, the foundation was nearly out of funds. Wanxiang purchased 410,000 Ether at a price of $1.20 each, investing a total of $500,000 to support the foundation's development, which may have "saved the foundation's life." Vitalik believes that the idea of large blocks is more correct, but the lack of execution capability is the main reason for its failure. He pointed out that the Bitcoin community is currently too focused on price, and the prospects for technological development are not optimistic.Regarding the Russia-Ukraine war, Vitalik stated that this conflict has completely changed him. After publicly supporting Ukraine, he realized that he might never be able to return to Russia and could even face a 10-15 year prison sentence.As for Ethereum's positioning, Vitalik prefers the concept of a "world computer," believing that it is not just a chain, but an ecosystem that can support various applications.

According to ChainCatcher news, data from 8marketcap shows that XRP's market capitalization has now surpassed China Life and Citigroup, rising to the 139th position in the global asset market capitalization ranking.Previous news indicates that, according to RootData, XRP's market capitalization is currently $137.356 billion, making it the third largest cryptocurrency by market capitalization.

According to ChainCatcher news, as reported by the Guangming Daily, the Ministry of State Security announced a case on November 8: Wang XX, a former public official at a sensitive unit, was considered a good young man by his unit and family. However, due to losses in virtual currency investments, he incurred huge debts and was lured and incited by foreign espionage intelligence agencies, gradually leading him down the path of crime.Through investigations by the national security agency, it was discovered that Wang XX provided top-secret and confidential national secrets to the other party, obtaining espionage funds equivalent to over 1 million yuan through methods such as virtual currency recharge and trading. Ultimately, Wang XX was sentenced to life imprisonment for espionage by the people's court, with lifelong deprivation of political rights.The unit where Wang XX worked did not strictly implement confidentiality management systems and protective measures, providing an opportunity for Wang XX to steal and supply secrets to foreign espionage intelligence agencies. The national security agency, in conjunction with relevant departments, will carry out joint law enforcement work on Wang XX's unit and order it to rectify within a specified time.

ChainCatcher news, Lightec founder Weji delivered a speech titled "Building a Fully Decentralized Crypto World" at the Web3 Ecosystem Consensus Conference during Blockchain International Week.In the speech, Weji introduced the concept of full lifecycle decentralization and elaborated in detail on various aspects such as product design, technology development, economic models and revenue distribution, as well as operations and governance, using Lightec's flagship product zkBTC as an example.At the same time, Weji revealed that zkBTC will drive large-scale airdrops, which, based on ICP Chain Fusion technology, can support airdrop actions for hundreds of thousands of users.

ChainCatcher news, Shen Yu (@bitfish1) posted on the X platform, "The most unfortunate part of life is when one accidentally speaks out of turn, and the disaster does not reach; when one accidentally miscalculates, and the matter becomes a burden; when one acts recklessly, and gains a small profit. Later, it is regarded as a common occurrence, and one remains indifferent. Thus, the greatest calamity arises from this."Previously, Lookonchain posted on the X platform stating that due to a phishing attack, a certain address lost 12,083.6 spWETH (approximately 32.33 million USD).According to Arkham, this wallet may be related to Shen Yu (@bitfish1), co-founder and CEO of Cobo.

ChainCatcher news, according to Decrypt, South Korean financial regulators have issued a stern warning, stating that a life sentence will be imposed for cryptocurrency fraud cases that profit over $4 million (approximately 5 billion won). This warning was issued following the enactment of the South Korean "Virtual Asset User Protection Act" in July 2024, which aims to prevent cryptocurrency crimes, partly inspired by the events involving Terra/Luna founder Do Kwon and the collapse of the FTX exchange.In addition, the new law stipulates other penalties, including fines of 3 to 5 times the illegal profits, as well as a maximum of one year of imprisonment.