ChainCatcher news, according to South Korean media reports, the Financial Services Commission of South Korea issued a statement today, emphasizing that it will proceed with the development of the stablecoin regulatory framework as originally planned. The Financial Services Commission refuted reports that dollar stablecoins have become a major channel for capital outflow, pointing out that during the period from November 2024 to February 2025, the inflow and outflow of dollar stablecoins domestically were comparable (approximately 35.3 trillion won).The Financial Services Commission has listed the "stablecoin regulatory plan" as a top priority in the second virtual assets committee held this January, with plans to complete a detailed review through an inter-agency working group in the second half of 2025.

ChainCatcher news, according to FinanceFeeds, SEC Commissioner Caroline A. Crenshaw expressed serious concerns about the lack of basic protections for retail investors at the latest cryptocurrency working group roundtable. She pointed out that most crypto trading platforms are not registered with any regulatory agency, and they integrate brokerage, clearing, and custody functions within a single entity, which sharply contrasts with the traditional financial markets' practice of separating these functions to avoid conflicts of interest.Crenshaw emphasized that there is a significant disconnect between investors' expectations for the protection of their crypto assets and the reality—many are unaware that in the event of an exchange bankruptcy, crypto assets are considered the property of the exchange, and they do not know that these investments are not protected by FDIC or SIPC insurance.

ChainCatcher news, according to Bloomberg, U.S. Senate Democrats have proposed the "Clean Cloud Act," which aims to impose fees on data centers supporting blockchain networks and artificial intelligence models that exceed federal emission targets.The bill requires the U.S. Environmental Protection Agency to establish emission standards for data centers and cryptocurrency mining facilities with IT nameplate power exceeding 100 KW, targeting a 11% annual reduction in emissions. Emissions exceeding the limit will incur a fine of $20 per ton of carbon dioxide equivalent, with this amount increasing by $10 each year with inflation.It is noteworthy that Bitcoin mining companies, including Galaxy, CoreScientific, and Terawulf, are gradually shifting towards providing high-performance computing (HPC) power for artificial intelligence models. The bill has not yet passed in the Senate.

ChainCatcher news, according to Jinshi reports, EU Trade Commissioner Dombrovskis stated that we proposed to the United States to implement zero tariffs on goods, and if no trade agreement is reached, we are also prepared to respond. If necessary, we are ready to take countermeasures.It is estimated that due to U.S. tariffs, the EU's GDP could lose 0.2%-0.6%; Europe does not want to see such a tariff war.

ChainCatcher news, according to Jinshi reports, an EU spokesperson said on Friday that European Commission Vice President Šefčovič will travel to Washington for negotiations before Sunday."The Trade Commissioner will go to Washington and try to sign an agreement. That is what we are focused on," said Olof Gill, the European Commission's trade spokesperson. "If we cannot achieve a good result, all options are on the table."

ChainCatcher news, according to Bitcoin Laws, the Florida Office of Insurance Regulation has passed the Bitcoin Reserve Bill HB 487, and the Florida Bitcoin Bill HB 487 still needs to pass three committees in the House:·Government Operations CommitteeFinance CommitteeCommerce Committee

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) officially announced on April 7 that it has issued regulatory guidelines regarding the provision of staking services to licensed virtual asset trading platforms, as well as guidelines for SFC-recognized funds investing in virtual assets (virtual asset funds) concerning their participation in staking activities. The virtual asset exchange HashKey Exchange received approval from the Hong Kong SFC on April 10 to become one of the first exchanges in Hong Kong authorized to provide staking services.The SFC stated in the announcement, "The SFC recognizes the potential benefits of staking in enhancing the security of blockchain networks and allowing investors to earn returns from virtual assets in a regulated market environment."In February this year, the SFC released the "Virtual Asset Development Roadmap" ("A-S-P-I-Re" framework) and proposed to consider expanding the range of virtual asset products under a regulatory framework, including providing staking, leverage, and lending services under clear guidelines.Terence Pu, Managing Director of HashKey Exchange, stated, "HashKey Exchange has built a staking service system that meets regulatory requirements, taking the lead in providing ETH staking services for spot ETFs, and is actively promoting staking services for all customers.This service relies on HashKey Cloud's excellent node operation capabilities to provide users with secure and compliant staking services. In the near future, investors will not only be able to hold Ethereum ETFs to earn staking returns but also hold ETH directly and earn additional returns through our staking services."

ChainCatcher news, according to Jinshi reports, European Commission President Ursula von der Leyen stated that the EU has agreed to suspend retaliatory measures against U.S. tariffs set for April 15 for a period of 90 days. Preparations for further retaliatory measures are still ongoing, and all options remain on the table.

ChainCatcher message, CertiK issued an alert that it detected an exploit incident involving flash loans and the NFT market. The suspicious transaction contains complex logical operations on a certain protocol. CertiK stated that the impact of this incident is the exploitation of NFT market logic, but it will not directly deplete funds. Projects with delegated quoting logic should remain vigilant and check access permissions and validation checks.

ChainCatcher news, according to Cointelegraph, the Federal Court of Australia has approved the application submitted by the Australian securities regulator to shut down 95 companies suspected of operating cryptocurrency trading and romance scams known as "hydra." The Australian Securities and Investments Commission (ASIC) has received approval for its winding-up application from the Federal Court of Australia based on principles of justice and fairness, after ASIC found that most of these companies were registered with false information.ASIC Deputy Chair Sarah Court stated in a statement on April 8 that many of these companies claimed to provide "real services" at the time of their establishment, but were actually suspected of defrauding victims. After reviewing 48 "misconduct reviews" of 17 companies accused of assisting romance scams, Justice Angus Stewart stated in a court ruling on April 4: "The nature of these scams appears to exhibit a common 'pig butchering' pattern." The ruling was made on March 21.

ChainCatcher News, the U.S. Securities and Exchange Commission's cryptocurrency working group has announced the agenda and panel members for the roundtable meeting on April 11, themed "Regulating Cryptocurrency Trading: Between Lockdown and Dilemma." Commissioners Hester Peirce and Caroline Crenshaw, along with Acting Chair Mark Uyeda, will attend. The participants include:Nicholas Losurdo, Partner at Goodwin Procter LLP;Tyler Gellasch, President and CEO of Healthy Markets Association;Jon Herrick, Chief Product Officer at the New York Stock Exchange;Richard Johnson, CEO and Founder of Texture Capital;Dave Lauer, Co-Founder of Urvin Finance and We the Investors;Katherine Minarik, Chief Legal Officer at Uniswap Labs;Christine Parlour, Chair of the Finance and Accounting Department at the University of California, Berkeley;Chelsea Pizzola, Deputy General Counsel at Cumberland DRW;Austin Reid, Global Revenue and Business Lead at FalconX;Gregory Tusar, Vice President of Institutional Products at Coinbase.

ChainCatcher news, according to Jinshi reports, European Commission President Ursula von der Leyen stated that we are ready to negotiate tariffs with the United States. We are prepared to reach a good agreement (with the United States), but we are also ready to take countermeasures.

ChainCatcher news, Hong Kong Securities and Futures Commission (SFC) Executive Director of the Investment Products Division, Ms. Cyd Ho, stated today at the Hong Kong Web 3 Carnival that the SFC will issue a circular today allowing licensed virtual asset trading platforms to provide staking services, including staking for virtual asset spot ETFs.Staking allows investors to lock up their virtual assets to support blockchain networks and earn returns, but due to associated risks, the SFC will implement additional safeguards, including requiring licensed platforms to custody the staked virtual assets and setting a cap on the proportion of virtual assets that can be staked for spot ETFs to manage liquidity risks.Ms. Ho also mentioned that the SFC is expanding the range of eligible virtual asset underlying assets. Initially, virtual asset spot ETFs focused mainly on Bitcoin and Ethereum, but now more virtual assets meet the criteria for retail trading on licensed platforms, paving the way for diversification of ETF products, such as a single ETF tracking a basket of virtual assets.

ChainCatcher news, according to Bloter, Kim Sung-jin, head of the Virtual Assets Division of the Financial Services Commission of South Korea, stated in Congress on April 2 that if domestic cryptocurrency exchanges have sufficient anti-money laundering capabilities, it may be possible to allow foreign investment in domestic cryptocurrency assets in the future. Current laws still prohibit foreign corporations and individuals from participating in such investments.

ChainCatcher message, European Commission President von der Leyen: The U.S. tariff measures are a significant blow to the world economy, tariffs will hurt consumers around the globe and will be felt immediately, inflation will rise. We have always been ready to negotiate with the U.S., and if negotiations fail, we are prepared to take further countermeasures against U.S. tariffs.

ChainCatcher news, on April 1, 2025, at 9:46 AM, SpaceX will launch the historic private crewed mission "FRAM2". The mission's commander is Wang Chun, co-founder of F2Pool, who will use his Falcon 9 B10835.5 to launch from LC-39A at Cape Canaveral.If the launch is successful, he will become the first person from the crypto community to travel to space. It is reported that this mission cost Wang Chun $200 million and took over a year to apply, and this will also be the first crewed flight of the Crew Dragon Resilience into polar orbit.The mission will last 3 to 5 days, studying polar phenomena and microgravity effects, and will include the first human X-ray imaging in space.The crew members include:Mission Commander - Wang ChunVehicle Commander Jannicke MikkelsenMission Specialist Rabea RoggeVehicle Pilot Eric Philips

ChainCatcher news, according to The Block, the prediction market platform Kalshi has filed a lawsuit against the gambling regulators of Nevada and New Jersey after receiving a cease-and-desist order from them. The regulators demanded that Kalshi stop offering sports-related contracts, arguing that such activities constitute sports betting, which can only be provided by entities licensed by the state.Kalshi argues in the lawsuit that, as an exchange regulated by the Commodity Futures Trading Commission (CFTC), it should be exclusively regulated by the federal government, and the Commodity Exchange Act takes precedence over state laws. The Nevada Gaming Control Board believes that Kalshi's contracts constitute gambling because the payouts are entirely dependent on the outcomes of external events, rather than the actions of the contract participants.Kalshi's CEO Tarek Mansour stated that prediction markets are an important innovation of the 21st century, and the company will defend this technology in court. The core of the dispute is whether event-based or sports-related contract trading constitutes gambling regulated by state governments or falls under the exclusive regulation of federal authorities as financial derivatives trading.ChainCatcher previously reported that New Jersey regulators have demanded Robinhood and Kalshi to cease providing sports betting services.

ChainCatcher News, the nominee for Chairman of the U.S. Securities and Exchange Commission, Paul Atkins, attended the confirmation hearing of the Senate Banking Committee, where he emphasized the necessity of establishing rules for digital asset management in his testimony, stating that this is an urgent challenge for both innovation and investor protection. Paul Atkins also criticized certain actions taken during Gary Gensler's tenure and committed to further investigating the FTX collapse to ensure a thorough examination of the incident, thereby protecting investors, promoting efficient markets, and facilitating capital formation.In response to questions from Senator Elizabeth Warren, Paul Atkins emphasized the need to divest all financial assets that may present conflicts of interest, including crypto-related assets and his consulting firm, Patomak Global Partners.

ChainCatcher news, the Taiwan Financial Supervisory Commission yesterday released the draft "Virtual Asset Service Act," which will undergo a 60-day public consultation.The main contents of the draft include clarifying the licensing system for virtual asset service providers, regulating the operational management requirements for service providers, establishing a framework for stablecoin issuance management, setting up anti-fraud and market manipulation regulations, and formulating illegal penalty regulations.The public consultation period is 60 days after the announcement, and it is expected to be submitted to the Executive Yuan for review by the end of June 2025.

ChainCatcher message, when asked about regulatory issues, SEC Commissioner Hester Peirce stated that the crypto industry needs "clear and reasonable boundaries of regulatory authority."