ChainCatcher news, according to The Block, Jack Dorsey's payment company Block, Inc. has reached a $40 million settlement with New York state financial regulators due to anti-money laundering violations.The consent order released by the New York State Department of Financial Services on Thursday stated that the investigation found that the fintech company, formerly known as Square, "failed to adequately consider the significant risks posed by the scale and complexity of its business" in its anti-money laundering program when providing Bitcoin services through Cash App.Regulators specifically pointed out three major vulnerabilities at Block: a lack of risk-based anti-money laundering controls, insufficient customer due diligence, and lax handling of high-risk Bitcoin transactions that led to a large number of anonymous transactions going unchecked. This is the second time this year that Block has paid a settlement due to anti-money laundering issues. In January, the company paid $80 million to financial regulators in 48 states.A Block spokesperson stated that this settlement marks the resolution of all state-level remittance license matters and emphasized that while the company did not admit to the findings of the investigation, it has invested significant resources to improve the compliance framework of Cash App. Under the agreement, Block must hire an independent monitor to implement corrective actions.

ChainCatcher news, OKX announced a collaboration with Standard Chartered Bank, Brevan Howard, and Franklin Templeton to launch a collateralized mirror program for tokenized money market funds under the VARA framework in Dubai.The program aims to enable institutional clients to use cryptocurrencies and tokenized money market funds as collateral for over-the-counter trading, with a global systemically important bank (G-SIB) serving as the collateral custodian.Franklin Templeton will be the first of a series of money market funds launched under the OKX-SCB program.

ChainCatcher news, according to Lookonchain monitoring, a certain smart money deposited 1.17 million USDC in Hyperliquid four months ago, and the current account position value has reached 8.85 million dollars, with every trade being profitable, achieving a win rate of 100%. This smart money has shorted XRP, BTC, and ETH, with an unrealized profit of 2.3 million dollars.

ChainCatcher news, BitMEX co-founder Arthur Hayes posted on social media, "If the U.S. Treasury decides to cancel the upcoming 10-year and 30-year Treasury auctions, it is a covert form of money printing, as it would instead consume the TGA (Treasury General Account). This is a simple intermediate step to calm the chaos before 'coward' Powell fulfills his duties."In Hayes' tweet, he shared a summary of a Bloomberg article titled "Treasury 'Fire Sale' Leads to Surge in Global Long-Term Yields," noting that the yield on 30-year U.S. Treasuries recently surpassed 5%, marking the largest sell-off since 2020, with yields rising about 40 basis points over the past three trading days, and global bond yields also increasing.At the same time, Hayes' tweet carried a sarcastic tone, criticizing Federal Reserve Chairman Powell for potentially adopting loose policies under pressure.

ChainCatcher news, DWF Labs partner Andrei Grachev stated on social media that if countries implement zero tariff policies against the United States and the Federal Reserve cuts interest rates, it could lead to a significant rise in the stock and cryptocurrency markets. At the same time, if the Federal Reserve initiates an easing monetary policy (i.e., "printing money"), Bitcoin may be expected to reach a new all-time high. He predicts that these trends will become clearer in the next one to two weeks and advises investors to hold cash, believing that now is a good time to gradually buy in.

ChainCatcher news, White House Chief Strategist, Senior Advisor to the President, and tariff advocate Peter Navarro stated, "The first rule, especially for small investors, is that you won't lose money unless you sell your stocks. Right now, the smart strategy is not to panic. Just hold on, because under Trump's policies, we will see an unprecedented boom in the stock market." Navarro also mentioned that by 2029, the Dow Jones Industrial Average will reach 50,000 points.According to market data, in February of this year, the Dow was close to 45,000 points, but since then, with a series of tariff policies from Trump, the Dow has dropped by about 6,500 points.

ChainCatcher news, according to on-chain analyst Ai Yi's monitoring, two smart money addresses accumulated 8.09 million dollars in LAYER from March 1 to March 3. After holding for two weeks, they realized a profit of 3.18 million dollars (with costs of 0.7856 dollars and 0.9559 dollars respectively) by buying low and selling high, but missed out on an additional profit of 2.39 million dollars. The two addresses may belong to the same whale/institution based on their operational methods and timing.

ChainCatcher news, on April 2, the Trump administration announced the implementation of a comprehensive reciprocal tariff policy, hoping to reverse the $1.2 trillion goods trade deficit. This move caused the S&P 500 index to plummet 9.7% over two days, with a market value evaporation of $5.4 trillion, marking the largest drop in history, surpassing the $3.3 trillion record during the pandemic crash in March 2020. The Nasdaq 100 index's tech stocks were severely hit, with a single-day drop reaching the highest since 2022. Bitcoin's decline during the same period was only 3.7%, maintaining the critical support level of $82,000.Analysts are confident about Bitcoin's upside potential for the remainder of 2025. Real Vision's chief crypto analyst Jamie Coutts stated that the continuously growing money supply could push Bitcoin's price above $132,000 by the end of 2025.

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 news, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has issued a warning to cryptocurrency ATM operators, indicating that some machines may be used for money laundering or fraud. The statement shows that there are signs of suspicious activities related to scams and fraud involving cryptocurrency ATMs.AUSTRAC CEO Brendan Thomas stated that it will ensure operators take measures to reduce the risks of money laundering and fraud.Currently, Australia has 1,648 cryptocurrency ATMs, the most in the Asia-Pacific region, with 348 located in Sydney. Recently, the United States has also strengthened regulations on cryptocurrency ATMs, with an Illinois senator proposing a bill to limit daily transaction amounts and require refund protections.

ChainCatcher news, according to Jinshi Data, Moneyfarm's Chief Investment Officer Richard Flax stated in a report that the data showing a moderate decline in the UK's inflation rate for February is unlikely to alleviate fiscal pressure.The UK's annual overall inflation rate for February fell from 3.0% in January to 2.8%, a decline slightly higher than expected.Flax mentioned that the UK Chancellor of the Exchequer may feel some relief due to the continued easing of inflation, but this moderate decline does little to alleviate fiscal pressure.He also stated that tariff risks could increase import costs, pushing inflation rates up and thereby limiting the Bank of England's room for interest rate cuts.

ChainCatcher message, Nansen posted on platform X that smart money still favors AI concept meme coins. Nansen also stated: "Holding tokens like AIXBT, AI16Z, and ARC is like smart money finding alpha."

ChainCatcher news, according to Fortune, BlackRock announced a partnership with Securitize to expand the blockchain-based money market fund BUIDL to Solana.In addition to continuously expanding its BUIDL business, the asset management company is also increasingly venturing into the cryptocurrency market. It is reported that in January 2024, the company launched a spot Bitcoin exchange-traded fund, which subsequently attracted nearly $40 billion in funds.

ChainCatcher news, according to the United Daily News, a father-son duo with the surname Zhou from Taichung, Taiwan, collaborated with an overseas fraud group to establish ten virtual currency chain stores in the country, using legal currency stores as a cover to secretly engage in illegal money laundering activities, with the amount involved reaching up to 3.1 billion New Taiwan Dollars. On March 21, the Yunlin District Prosecutor's Office prosecuted 17 individuals for aggravated fraud and money laundering, seeking a 20-year heavy sentence for the masterminds Zhou Hongwei, Liu Jinggu, and You Junfu.The prosecutors pointed out that the fraud gang attracted victims who lacked knowledge of virtual currency to invest by disguising the appearance of legitimate currency stores. Victims exchanged cash for Tether (USDT) in the stores, and were then guided to transfer funds to overseas fraud operations. The entire process was meticulously designed, including the "fake currency store, real water room" and "fake logistics, real drivers" model, comparable to a crime movie plot.

ChainCatcher news, according to a filing submitted to the U.S. Securities and Exchange Commission (SEC) this Friday, Fidelity has applied to register the "OnChain" stock class for its tokenized U.S. money market fund, Fidelity Treasury Digital Fund (FYHXX), which was launched at the end of last year and holds cash and U.S. Treasury securities.According to the relevant document, the "OnChain" class of the FYHXX fund currently uses the Ethereum network and may expand to other blockchains in the future. This registration is subject to regulatory approval and is expected to take effect on May 30.

ChainCatcher news, according to News.bitcoin, the U.S. Department of Justice (DOJ) announced on March 21 that $7 million in proceeds from a cryptocurrency investment fraud scheme has been recovered, and victims are now being invited to submit petitions to have the funds returned.Authorities stated: "These fraudulent websites mimic legitimate cryptocurrency investment platforms, but they funneled victims' funds to the perpetrators through more than 75 bank accounts opened in the names of shell companies." Victims were misled into believing that the value of their investments was increasing, but in reality, the profits were fabricated.After laundering the funds through a series of complex domestic and international transactions, the criminals ultimately transferred the money overseas. In June 2023, the U.S. Secret Service seized funds from a foreign bank account, prompting the DOJ to file a civil forfeiture lawsuit.After a claim was made by the foreign bank, both parties reached a settlement, resulting in the $7 million being forfeited to the United States.