ChainCatcher news, according to Lookonchain monitoring, a certain address earned over 1.5 million dollars in profit from trading FRIC within 1 hour. The address spent 25 SOL (about 6300 dollars) to purchase 297 million FRIC (accounting for 29.7% of the total supply), and then sold 258 million FRIC, gaining 4693 SOL (about 1.18 million dollars), with 39 million FRIC (about 380,000 dollars) still held.

ChainCatcher news, the chairman of the Financial Services Commission of Korea, Kim Byung-hwan, recently stated: "The prices of virtual assets have surged significantly in the short term, and the volatility of the market itself is also very high, so the government needs to closely monitor and focus on whether there are any abnormal transactions in virtual assets." The Financial Supervisory Service plans to check the operational status of the abnormal transaction monitoring system for virtual asset exchanges in the near future.Regarding the fact that the trading volume of the virtual asset market has exceeded that of the stock market, he stated: "If we look at the two markets, funds should flow into the stock market."He added: "We all recognize that the stock market is very important for the healthy cycle of our economy, but due to doubts about the positive impact of virtual assets on the real economy, it is necessary to study the situation where their trading volume remains high."

ChainCatcher message, according to Scam Sniffer monitoring, a Solana user copied the wrong CEX deposit address from the transaction history, resulting in a loss of 2.91 million dollars.

ChainCatcher news, the Move language infrastructure Movement Labs tweeted that the Parthenon testnet activities have concluded. The testnet was online for 4 months, with a total transaction volume of 681 million, active addresses reaching 15.8 million, and 63 applications launched.

ChainCatcher news, according to Cointelegraph, based on a report released by the Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee on November 21, the CFTC has approved the use of blockchain technology to manage trading collateral in the U.S. derivatives market.The report states that blockchain technology (including distributed ledgers and tokenization) can address long-standing challenges in traditional derivatives exchanges and expand the types of assets available for collateralized trading.

ChainCatcher news, FTX Trading Ltd. and its affiliated debtors announced that FTX is nearing the completion of the final prerequisites for the court-approved bankruptcy reorganization plan, paving the way for FTX to begin distributing compensation to creditors and customers. The effectiveness of the bankruptcy reorganization plan means that the court-approved reorganization plan officially begins implementation. This typically marks a critical step in the bankruptcy process, where the bankrupt company has reached agreements with creditors and other stakeholders and is prepared to proceed with actual debt repayment and asset distribution according to the plan.FTX provided the following update regarding the expected distribution timeline:In early December, the debtors expect to finalize arrangements with professional distribution agents who will assist FTX in distributing compensation to global customers within supported jurisdictions. At that time, the debtors will provide instructions to guide customers in establishing approved accounts on the existing customer portal.By the end of December, the debtors expect to announce the exact effective date after the court order approving the disputed claims reserve amount, which is a prerequisite for distribution according to the confirmation order.The debtors currently anticipate that the bankruptcy reorganization plan will become effective in early January 2025. According to the confirmation order, the first distributions will occur within 60 days after the effective date, targeting convenience class creditors allowed to claim under the plan. The record date for the initial distribution will be the same as the effective date.

ChainCatcher message, Sui officials stated on social media that the recent network outage was caused by an error in the transaction scheduling logic, which led to the validator crash. This issue has now been resolved.

ChainCatcher news, according to Bitcoin.com, the South African Financial Intelligence Centre has issued Directive No. 9, requiring digital asset platforms to collect and store identity information for cryptocurrency transactions.This directive will take effect on April 30, 2025, and aims to help South Africa be removed from the Financial Action Task Force (FATF) grey list. The grey list affects the country's reputation, increases the cost of financial transactions, and raises borrowing costs.According to the directive, the full names and wallet addresses of both parties in a transaction must be recorded, with stricter requirements when the transaction amount exceeds $277 (5,000 rand). Sean Sanders, CEO of Altify, expressed support for regulatory developments but questioned the $277 threshold, calling it the lowest globally.

According to ChainCatcher news, on the website of the Central Commission for Discipline Inspection and National Supervisory Commission, Yao Qian, former director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission and former director of the Information Center, has been expelled from the Party and public office due to serious violations of discipline and law. Investigations show that Yao Qian used regulatory power to seek benefits for specific technology service providers, involving money-for-power transactions related to virtual currencies, and illegally accepted huge amounts of property.In addition, he also violated the spirit of the Central Eight Provisions by improperly accepting valuable items, accepting banquets, and engaging in irregular operations in employee recruitment and investment shares. After research and decision by the Party Committee of the China Securities Regulatory Commission and relevant disciplinary inspection and supervision departments, Yao Qian has been subjected to serious penalties, and issues involving suspected criminal activities have been transferred to the procuratorial organs for legal review and prosecution.Previous report indicated that Yao Qian was suspected of serious violations of discipline and law, and had previously undergone disciplinary review by the disciplinary inspection team stationed at the China Securities Regulatory Commission and supervisory investigation by the Shantou Municipal Supervisory Committee in Guangdong Province.It is reported that Yao Qian was the first director of the Digital Currency Research Department of the People's Bank of China (CBDC) and was named one of the most influential figures in the blockchain field by Coindesk in 2017. He has published multiple research articles on blockchain technology, digital currency, and Web 3.0, and co-authored the book "Web 3.0: Changes and Challenges of the Next Generation Internet."

ChainCatcher news, the on-chain trading terminal DEXX has released an update regarding the recent security incident: "DEXX has officially filed a lawsuit, and the SlowMist team is actively assisting law enforcement with the follow-up investigation. At the same time, DEXX is actively discussing a compensation plan. Regarding compensation, the platform makes the following solemn statement:If all assets can be recovered, DEXX will immediately provide full compensation to ensure that users' interests are not affected.If only part of the assets can be recovered, the platform will still fulfill its compensation responsibilities; the specific compensation plan will be determined based on the amount recovered. DEXX is currently mobilizing all resources and efforts to recover the stolen assets and resolve the issue as soon as possible."Previous news, according to SlowMist statistics, the DEXX incident has confirmed over 900 victims, with total losses estimated at 21 million USD.

ChainCatcher news, Russia has proposed a draft amendment through the Ministry of Finance, suggesting a 15% tax on cryptocurrency income. The proposed changes will reshape the tax framework for crypto miners, affecting income, expenses, and related infrastructure.A key part of the new legislation is the proposal to impose a 15% personal income tax on cryptocurrency income. The income from mining tokens will be taxed at market value upon receipt, and miners can deduct operating expenses to ensure a balanced tax calculation. Cryptocurrencies will be classified as property for tax purposes, eliminating the value-added tax (VAT) on crypto transactions.

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, according to Bitcoin.com, Spanish real estate technology company Enlace revealed that the number of real estate transactions using some form of cryptocurrency as a payment method has significantly increased this year.The company found that due to the advantages of these payment methods, such as faster fund availability compared to traditional home buying methods and being more cost-effective than international bank transfers, the usage rate of this payment method has grown by 15% in 2024.This trend is particularly evident in major cities like Barcelona, Madrid, and Valencia, where cryptocurrency transactions account for 60% of all transactions in the industry. Enlace expects that approximately 6% of real estate transactions in 2024 will involve cryptocurrency payments.

According to ChainCatcher news, HopeLend has officially launched the full compensation process for users affected by the previous hacking incident, fulfilling its commitment to users.Affected users need to fill out the repayment application form. The Hopelend team will verify whether the address provided by the user is the debt address under the Lend protocol. Once verification is complete, the transfer will be made directly, and users will not need to take any action.Compensation will be settled in a currency-based manner, with all HOPE native tokens converted to BTC / ETH / USDT / USDC based on the original minting ratio. HOPE native tokens will be paid in the aforementioned currencies according to the original minting ratio.The deadline for filling out the form is within 3 months; late submissions will not be accepted. After the compensation is completed, the Hopelend protocol will be officially closed to ensure future transparency and accountability.

ChainCatcher message, according to Whale Alert monitoring, at 14:50:35 Beijing time, a user paid 51 ETH (160,054 USD) as GAS fees in a single transaction on the Ethereum chain.

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 monitoring by IntoTheBlock, Ethereum "whales" are waking up, with the daily number of large transactions exceeding 10,000, the highest level since August.

ChainCatcher news, according to Cointelegraph, Ethereum researcher and co-founder of Smart Transactions (STXN) Vlad Zamfir has created a "time machine" that allows Ethereum users to reverse "smart transactions" on the blockchain, making certain transactions less immutable.STXN co-founder Anuj Das Gupta stated that Smart Transactions also allow users to set specific conditions for the timing and execution of transactions. This feature will be supported on blockchains compatible with the Ethereum Virtual Machine (EVM), which will be very useful for the thousands of crypto users who have made transactions on-chain due to operational errors. Das Gupta said, "Ethereum smart contracts are no longer limited to what was known at the time of writing. We believe this is an important solution to the tension between flexibility and immutability in blockchain."