ChainCatcher news, the revised Anti-Money Laundering Law of the People's Republic of China will come into effect on January 1, 2025. The Secretary of the Party Leadership Group and Chief Prosecutor of the Supreme People's Procuratorate, Yin Yong, emphasized the need to strengthen the fight against money laundering crimes in a coordinated manner, accurately grasp the provisions of the revised Anti-Money Laundering Law regarding the improvement of the scope of upstream money laundering crimes, comprehensively implement the Anti-Money Laundering Law and the Criminal Law's provisions on "money laundering," accurately apply the "Two Highs" interpretation on several issues concerning the application of laws in handling criminal cases of money laundering, deepen the three-year action plan for combating and governing money laundering violations, punish money laundering and related crimes according to law, enhance the ability to combat money laundering crimes using new technologies, new products, and new businesses such as virtual currencies, and form a joint force against such crimes.

ChainCatcher message, Sui announced a partnership with Babylon and Lombard to provide users with LBTC minting services on the Sui chain. The Sui lending protocol NAVI has also indicated plans to collaborate with Lombard and support LBTC mining pools on the protocol.

ChainCatcher news, according to The Block, Deenar co-founder Maruf Yusupov stated that the rapid rise of Bitcoin after Trump's victory in the U.S. elections may be reshaping traditional views on inflation hedging. Trump's focus on tax cuts, tariffs, and cryptocurrencies is driving interest in Bitcoin as a modern alternative to gold. With the acceleration of institutional adoption, a significant shift of capital from gold to digital assets may be observed.deVere Group CEO Nigel Green also mentioned that Bitcoin is increasingly being viewed as a tool for hedging inflation and diversifying portfolios, with institutional interest reaching historic highs and the infrastructure supporting mass adoption continuously expanding.Copper.co research director Fadi Aboualfa expressed a similar view, also emphasizing that the price trend patterns between spot Bitcoin and gold exchange-traded funds (ETFs) are becoming increasingly similar.

ChainCatcher news, according to Jinshi reports, Trump has nominated Matthew Whitaker as the U.S. Ambassador to NATO.

ChainCatcher news, according to Cointelegraph, the Financial Intelligence Unit (FIU) of Nepal has found that despite the official ban on trading digital assets, cryptocurrencies are still widely used to facilitate online fraud.The Financial Intelligence Unit is a specialized department of Nepal Rastra Bank, the central bank of Nepal, responsible for monitoring and combating financial fraud, including money laundering and terrorist financing.In the "Strategic Analysis Report" released on November 18, the Financial Intelligence Unit noted an increase in the use of cryptocurrencies for money laundering by criminals. The report stated that fraudsters convert illegal funds into cryptocurrencies, which poses challenges for authorities in tracking and recovering the funds.

ChainCatcher news, Gemini co-founder Cameron Winklevoss believes that the initiatives of the Department of Government Efficiency (DOGE) are crucial in combating inflation, the "silent tax."It is reported that DOGE proposed to eliminate government waste and combat inflation in the United States. Last month, the inflation rate in the U.S. rose by 2.6% year-on-year, slightly higher than in September.Winklevoss emphasized the importance of addressing rising prices, stating that it imposes a disproportionate burden on low-income Americans, and he believes that these measures by DOGE are essential for achieving economic fairness and sustainability.

ChainCatcher news, according to Protos, the trading volume of Hamster Kombat's HMSTR token surged by 3720% earlier this month, reaching nearly $1.5 billion, despite a loss of 259 million users from its player base.The trading volume of HMSTR seemed to suddenly increase on November 9, jumping from $39 million at 00:27 GMT to $496 million at 14:03 GMT. The next day, its trading volume soared again to $1.49 billion, marking a 3720% increase and setting a new all-time high, despite the player loss.Protos reported that Hamster Kombat had a monthly player count of 300 million in July, which decreased by 86% by November 4, resulting in a loss of 259 million players. Currently, its monthly player count stands at 52 million.

ChainCatcher news, according to a report by The Paper, at the 14th China Anti-Money Laundering Summit and the 4th Lujiazui National Financial Security Summit, Wang Jing, Deputy Director of the Anti-Money Laundering Bureau of the People's Bank of China, pointed out that in recent years, national public security, prosecution, and judicial authorities have continuously increased their efforts to combat money laundering crimes, with the number of cases investigated, prosecuted, and tried steadily rising.With the emergence of new technologies and new business models, criminals are constantly innovating their money laundering methods, using illegal payment platforms, virtual currencies, e-commerce or live streaming platforms, game currencies, and other means to transfer and conceal criminal funds. They also mix various payment methods such as bank accounts, virtual currencies, and cash, making money laundering techniques more diverse and covert, which increases the difficulty of detection and investigation.Wang Jing emphasized that a high-pressure stance must be maintained in the ongoing crackdown on money laundering crimes, continuously improving the quality and efficiency of investigations, prosecutions, and trials.

ChainCatcher news, according to Cointelegraph, the Hamster Kombat team reports that its Hamster Kombat (HMSTR) token has a daily trading volume of 5.3 billion dollars, with a daily spot trading volume reaching 1.3 billion dollars and perpetual trading volume reaching 4 billion dollars.According to the Hamster Kombat team, there are currently 11 million token holders.

ChainCatcher news, according to Protos, data shows that the Telegram ecosystem point-earning game Hamster Kombat claimed to have a user base of 300 million in August, but it has since sharply decreased to 259 million, with the monthly active player count nearing 41 million.Its token HMSTER opened at OKX on September 26, reaching a high of 0.013272 USDT, and is currently reported at 0.002406 USDT, down over 80% from its peak.Earlier this year, Telegram CEO Pavel Durov described Hamster Kombat as "the fastest-growing digital service in the world," and stated that it is part of a new era of mini-programs bringing blockchain to the masses.

ChainCatcher message, according to a statement released by the White House on Tuesday, U.S. President Joe Biden spoke with Nigerian President Bola Tinubu on Tuesday, thanking him for the release of American citizen and Binance executive Tigran Gambaryan. The press release stated that Biden "expressed gratitude for President Tinubu's leadership in ensuring Gambaryan's release" during the call, and particularly appreciated the cooperation in law enforcement, including through the recently announced bilateral task force on illegal finance and cryptocurrency, collaboration on new technologies and innovations, and shared interests in reforming international organizations to reflect African voices.Earlier reports indicated that on the day Tigran Gambaryan was released, the U.S. State Department announced the establishment of a new bilateral task force between the U.S. and Nigeria, focusing on cryptocurrency and illegal finance.

ChainCatcher News, the U.S. State Department has announced the establishment of a Bilateral Liaison Group on Illicit Finance and Cryptocurrencies in partnership with Nigeria, to jointly combat cybercrime and financial misconduct related to cryptocurrencies.The official announcement stated: "The United States collaborates with global partners to promote cyberspace and digital technologies, foster economic prosperity, while combating and addressing malicious cyber activities, cybercrime, and other digital harms."The announcement reaffirmed the U.S. commitment to assisting the Nigerian government in strengthening its capacity to investigate and prosecute cybercrime, as stated by the Department of Justice (DOJ).

ChainCatcher news, Binance CEO Richard Teng posted on the X platform: "We are deeply relieved and grateful that Tigran Gambaryan has finally been released after being detained in Nigeria for nearly eight months. During this difficult time, Tigran has shown tremendous strength, and we commend his resilience in such severe adversity. We are very thankful to everyone who has dedicated countless hours to support Tigran's release. Tigran's health and well-being remain our top priority, and we are glad that he can now receive the urgent medical care and rest he needs with his family. Binance remains committed to working with global regulators to ensure compliance and transparency in the ever-evolving digital asset space. We look forward to putting this incident behind us and continuing our efforts to create a brighter future for the global blockchain industry. Nigeria has a young, tech-savvy population with a strong interest in digital finance, fully capable of leveraging blockchain technology to address economic and social challenges. We look forward to playing a constructive role in this endeavor."Previous news from yesterday, according to DL News, Nigerian prosecutors withdrew criminal charges against Binance executive Tigran Gambaryan on Wednesday; Tigran Gambaryan has been detained in the African country since February.

ChainCatcher news, according to DL News, Nigerian prosecutors withdrew criminal charges against Binance executive Tigran Gambaryan on Wednesday. Tigran Gambaryan has been detained in the African country since February.At the court hearing, a lawyer representing the Nigerian Economic and Financial Crimes Commission stated that Gambaryan could not be prosecuted for Binance's alleged illegal activities because he was merely an employee. Judge Emeka Nwite accepted the government's decision to withdraw the case. According to a source, Gambaryan has been released, but it is unclear whether he has reached the U.S. Embassy in Abuja.The EECC has not withdrawn money laundering charges against Binance, which denies any wrongdoing. The trial is set to begin in November.

ChainCatcher message, Wombat Exchange posted on X that it has received reports that the DEX Velocore on the ZKsync chain has forked Wombat's design without authorization. Please proceed with caution, as unauthorized copies may pose risks.

ChainCatcher news, Binance Labs announced an investment in the Bitcoin liquid staking platform Lombard. Jacob Phillips, co-founder and strategic director of Lombard, declined to disclose the valuation in the latest funding round but noted that the startup's total funding is currently around $17 million, up from $16 million in the seed round four months ago, indicating that Binance Labs' investment is approximately $1 million.According to RootData, Lombard was founded in April 2024 and is dedicated to unlocking the potential of Bitcoin as a dynamic financial tool by connecting Bitcoin with DeFi. Lombard enables yield-generating BTC to move across chains without fragmenting liquidity, paving the way to become the largest catalyst for bringing net new capital into DeFi. Its flagship product, LBTC, is a yield-bearing, cross-chain, highly liquid Bitcoin backed 1:1 by BTC.

ChainCatcher news, Sui network ambassador Matteo hinted in a post on X that the token for the Sui ecosystem lending project Suilend may be launched within the next 60 days.

ChainCatcher news, according to Cryptonews, a court in Nigeria has denied the bail request of Binance executive Tigran Gambaryan due to health reasons, which has sparked strong opposition from Binance.A Binance spokesperson stated in a statement: "We are deeply disappointed by the court's decision to deny Tigran's bail, especially considering his deteriorating health condition. He has been unlawfully detained for over 220 days. Tigran did not go to Nigeria as a decision-maker, and there is no reason to continue to detain him. We are committed to working with the Nigerian government to resolve this issue, but Tigran must be allowed to go home."Binance has consistently emphasized that Gambaryan does not have substantial decision-making power at the exchange, and his prolonged detention has raised humanitarian concerns. As Gambaryan's health worsens and the detention continues, calls for his release are growing louder. Binance, along with several international advocates, continues its fight for his freedom.ChainCatcher previously reported that, according to Bloomberg, a court in Nigeria denied the bail application of Binance executive Tigran Gambaryan on health grounds, as the executive is on trial for alleged money laundering and currency manipulation, while instructing the prison to send him to the hospital for treatment.

ChainCatcher news, the Telegram ecological game Hamster Kombat stated on the X platform: "We are committed to ensuring the transparency of the Hamster ecosystem. In light of the recent news regarding Gotbit, we want to clarify that Hamster Kombat has never collaborated with Gotbit as a market maker."Previous news, U.S. prosecutors have charged four cryptocurrency "market makers" and their employees with market manipulation and fraud, including Gotbit.