ChainCatcher news, according to the official WeChat account of the People's Court of Lingling District, Yongzhou City, the People's Court of Lingling District, Yongzhou City recently concluded a dispute over unjust enrichment arising from the failure to repay with virtual currency. In January 2020, Yang transferred 78,000 yuan to Xie via WeChat, hoping that Xie would help him purchase a certain virtual currency on a platform for investment and entrusted Xie to hold it on his behalf. Subsequently, Xie purchased the virtual currency as entrusted by Yang and held it for him. After a period of time, Yang requested to withdraw from the investment, and Xie transferred 3,000 units of the virtual currency to Yang's "wallet address" on the platform, stating that a settlement would be made later.In April 2021, Yang sued Xie in court. Through court mediation, the two parties reached a consensus mediation agreement, and Xie agreed to return 78,000 yuan to Yang in a lump sum. After returning 57,000 yuan to Yang, Xie was unwilling to return the remaining debt, claiming that the 3,000 units of virtual currency previously transferred to Yang were worth over 20,000 yuan and should be deducted from the debt. Yang did not accept this repayment method, and due to the failure to offset the debt, Xie requested Yang to return the virtual currency, but the virtual currency platform had already closed. Xie then sued in court, requesting Yang to return the equivalent cash value of over 20,000 yuan for the 3,000 units of virtual currency.After hearing the case, the People's Court of Lingling District held that the Civil Code aims to protect the legitimate rights and interests of civil subjects and maintain social and economic order. The virtual currency does not have the same legal status as legal tender, does not have legal compensability, and should not and cannot be circulated as currency in the market. Xie's request for Yang to return the cash value of 3,000 units of virtual currency essentially constitutes a claim for the exchange between virtual currency and legal tender, which lacks legality, and the parties did not reach an agreement on the compensation amount for the virtual currency. Ultimately, the court ruled to dismiss Xie's lawsuit. After Xie appealed the judgment, the second-instance court upheld the original ruling.

ChainCatcher news, according to Caixin, U.S. Treasury Secretary Yellen sent a letter to the U.S. Congressional leadership regarding the debt ceiling issue, urging Congress to take action to protect the credibility of the U.S. government. Yellen is expected to initiate extraordinary measures between January 14 and 23, and stated that the Treasury may reach a new debt ceiling during January 14-23.

ChainCatcher news, according to market news, U.S. Treasury Secretary Yellen has sent a letter to the U.S. Congressional leadership regarding the debt ceiling issue, urging Congress to take action to protect the credibility of the U.S. government. Yellen is expected to initiate extraordinary measures between January 14 and 23, and stated that the Treasury may reach a new debt ceiling during January 14-23.

ChainCatcher news, according to Bloomberg, as Bitcoin prices hit an all-time high, asset tokenization has once again become a hot topic in both traditional finance and the cryptocurrency sector. This technology, which digitizes physical assets and records them on the blockchain, is favored by Wall Street institutions including BlackRock. Industry insiders believe its potential may surpass that of the internet.This round of asset tokenization frenzy is driven by factors such as the Bitcoin bull market and Trump's election victory. Unlike the attempts of a few years ago to apply blockchain technology in scenarios like Walmart's supply chain tracking, this wave focuses more on the digitization of financial assets such as real estate and bonds.

ChainCatcher message, according to the "Interim Measures for the Management of Generative Artificial Intelligence Services," as of December 27, Beijing has added 11 generative artificial intelligence services that have completed filing, bringing the total to 105 generative artificial intelligence services filed. (Jin Shi)

ChainCatcher news, the cryptocurrency market research agency Santiment stated on social media that after a general decline in the market during Christmas, an encouraging trend has emerged in the cryptocurrency market—whales are transferring stablecoins to trading platforms.According to Santiment's CEX deposit dashboard, in just the past 24 hours, there have been 7 deposits of at least $9 million into Binance, with one as high as $50 million (accounting for 2.33% of the total supply).When the dashboard shows that stablecoin deposits dominate the inflow and outflow of funds on trading platforms, it is usually a strong signal indicating that whales are preparing to buy, which could drive the overall market prices up. Although this does not guarantee that whales will immediately use these funds, it can be seen as a bullish signal as 2024 approaches.

ChainCatcher news, Lin Chen, Head of Asia-Pacific Business at Deribit, stated in a post on X that the largest BTC block options trade today involved a user paying a premium of 1.634 million, buying a call option for $115,000 expiring at the end of March next year, totaling 250 BTC.The user is bullish, and will profit if the price at delivery exceeds $124,000. The user is confident about the BTC trend next year, expecting the market to reach new highs after Trump officially takes office.

ChainCatcher message, Lin Chen, the Head of APAC Business at Deribit, posted on X that the largest ETH block options trade today was: a user paid $476,000 to purchase 4,500 ETH of call options with a strike price of $3,400, expiring on January 3rd next year (next Friday).The user is bullish; they will profit if the price at delivery is greater than $3,500. The current ETH price is fluctuating around $3,400, the DVOL volatility index is at 75.17, and the greed index is at 74 (greed), with the ETH/BTC exchange rate at 0.035.

ChainCatcher news, CryptoQuant analyst Yonsei_dent stated that the Spent Output Age Bands (SOAB) metric provides insights into Bitcoin consumption (i.e., selling) categorized by the holding period of investors. In the Bitcoin bull market of November and December 2024, long-term holders (LTHs) realized significant potential profits, indicating that some investors sold a portion of their held Bitcoin to lock in gains.Investors with a holding period of 6 to 12 months were the most active in selling Bitcoin. These investors primarily purchased Bitcoin during the launch of the Bitcoin spot ETF in early 2024. The selling activity from this group may have exerted downward pressure on Bitcoin prices. However, strong demand still kept Bitcoin within the range of $90,000 to $100,000.Investors holding Bitcoin for over a year sold very little Bitcoin during this period.

ChainCatcher news, Lin Chen, the Head of Asia-Pacific Business at Deribit, stated in a post on X that the largest ETH block options trade today was: a user paid $225,000 to purchase call options with a strike price of $4,000 expiring on January 10 next year, totaling 3,730 ETH.Analysis indicates that the user is bullish; if the price at delivery is >$4,020, it will be profitable. Due to low liquidity last night because of Christmas, market volatility remains high, with the current DVOL volatility index at 73.6 and the ETH/BTC exchange rate at 0.0351.

ChainCatcher news, according to Jinshi reports, U.S. Senator Cynthia Lummis's previously proposed funding plan for Bitcoin purchases partially relies on the large gold heritage owned by the United States—these gold reserves were left over from the era when the dollar was pegged to precious metals, allowing dollar holders to exchange dollars for gold at a fixed price.Although the dollar has not been convertible to gold since the early 1970s, the Treasury and the Federal Reserve still hold about 8,100 tons of gold. The government values this gold at $42 per ounce, which is far below the current market price of $2,650.Cynthia Lummis hopes the Treasury can reassess this gold at current market prices and use the paper profits to fund Bitcoin purchases without raising taxes or issuing new national debt. However, critics point out that this operation is not a free lunch; it would require the Federal Reserve to cover the difference between the gold certificates held by the Treasury and the new valuation through a combination of printing money and asset sales.Monetary economist George Selgin argues that this operation amounts to a "backdoor loan" from the government, bypassing the regular appropriation process to avoid new debt and obscuring the truth. Lummis's bill relies heavily on gilded magic, and George Selgin said, "What better way to win public support than to make people believe this plan won't cost a dime?"

ChainCatcher news, regarding the "U.S. judge ruling that Coinbase can delist WBTC," BiT Global stated that it is disappointed with the ruling but respects the court's decision and appreciates the court's prompt handling of the matter and serious consideration.It emphasized that this ruling is not a final judgment on the case, but merely determines that Coinbase's delisting does not seem to have caused irreparable harm to BiT Global, thus the temporary restraining order is reasonable. The court clearly stated that this ruling does not prevent BiT Global from seeking a preliminary injunction or continuing to litigate the case through trial in the future. "We look forward to continuing to litigate this case and having the opportunity to fully demonstrate the impact of Coinbase's erroneous decision in the future."

ChainCatcher message, ZachXBT disclosed on platform X that a hacker has stolen approximately $500,000 over the past month by compromising more than 15 X accounts (Kick, Cursor, Alex Blania, The Arena, Brett, etc.). These accounts were targeted through phishing emails impersonating the X team to steal credentials, followed by initiating Meme coin scams. The attacker has been bridging transfers back and forth between Solana and Ethereum in an attempt to obfuscate the source of the funds.All email attacks seem to follow the same script:Send fake copyright infringement emails;Create a sense of urgency;Lure users to visit phishing sites and reset 2FA/password.

ChainCatcher message, CryptoQuant analyst onatt stated: "Recent data shows that a large amount of USDT has flowed out of exchanges, while Bitcoin has seen an inflow of over 15,000 coins. Despite the recent significant price drop, the spot market still faces ongoing selling pressure."

ChainCatcher message, Interactive Brokers' chief strategist Steve Sosnick pointed out last week that MicroStrategy's Michael Saylor's strategy is to issue convertible bonds and use the proceeds to buy Bitcoin, which is essentially the definition of leveraged trading------borrowing money to purchase financial assets.This approach works very well when the price of the asset moves in your favor, and Bitcoin has performed quite well. But if it moves in the opposite direction, this method can collapse in an unpleasant way. Steve Sosnick emphasized that MicroStrategy benefits from a "self-fulfilling feedback loop."It buys more Bitcoin, helping to push the price up, and then sells more debt and equity to buy more Bitcoin, further driving up the price. But such things never last forever and often end badly------the question is when? The short-term answer seems to be not yet.

According to ChainCatcher's message, on-chain analyst Yu Jin monitored that an address transferred 4 million CRV (worth approximately 3.81 million USD) to Binance 3 hours ago.The address previously withdrew CRV from Binance at an average price of 0.48 USD, and after CRV rose 13% today, it chose to transfer back to Binance to take profits, achieving a 97% gain (approximately 1.88 million USD) in this transaction.

ChainCatcher news, overseas KOL Tay整理数据显示 that multiple North Korean hacker addresses that have been flagged are recently trading on Hyperliquid, with total losses exceeding $700,000.Several community members are concerned that these trading activities may indicate that North Korean hackers have targeted Hyperliquid as a potential target and are testing the system's stability by executing trades.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on X that currently, ETFs, government agencies, and publicly traded companies (MSTR) hold 31% of the total known Bitcoin holdings, up from 14% last year.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, the address HHqC...y8Aqu is suspected of selling 25,000 SOL that were acquired two months ago at an average price of $169.6. If sold, it would realize a profit of $313,000.This whale currently still holds 50% of its SOL position (i.e., 25,000 coins), with an unrealized profit of $310,000; at its peak, the 50,000 SOL had an unrealized profit of $4.738 million (when the price of SOL was $264).

According to ChainCatcher news reported by GlobeNewswire, the MultiversX Foundation has announced the launch of a $1.5 million annual grant program "Growth Games," aimed at supporting innovation in key verticals of the crypto industry such as DeFi, AI infrastructure, and education. This includes an annual allocation of $500,000 to support more than 5 innovative projects in the xLaunchpad and joint incubation programs.