ChainCatcher news, after U.S. President Trump announced the advancement of a cryptocurrency strategic reserve including BTC, ETH, XRP, SOL, and ADA, the SoSoValue index token MAG7.ssi has surged over 18% in the past two hours.It is reported that MAG7.ssi is an index token issued on the Base chain, covering the top seven cryptocurrencies by market capitalization, including the five tokens mentioned by Trump. Following this news, XRP within the index briefly rose by 32%, and ADA soared by 67%, driving the overall increase of the MAG7.ssi index fund token.As of now, the TVL (Total Value Locked) of the SoSoValue index token MAG7.ssi has reached $153 million, with a total of 162,522 holders. Additionally, the SoSoValue platform token SOSO has increased by over 15% within an hour.

ChainCatcher news, according to CoinDesk, Pakistan will establish a national cryptocurrency committee responsible for legislating the industry. This decision was made after a meeting with President Donald Trump's digital asset advisors.The committee will be a dedicated advisory body composed of government representatives, regulators, and industry experts. The committee will be responsible for formulating regulatory policies and collaborating with other countries to promote the establishment of standardized frameworks, the Pakistani Ministry of Finance stated.

ChainCatcher news, Safe investor Hasu posted on social media stating that although the Bybit theft was due to the Safe frontend rather than an intrusion into Bybit's infrastructure, Bybit's infrastructure was also insufficient to monitor such a simple hacking attack. When transferring funds exceeding $1 billion, there is no reason not to verify the integrity of the message on a second offline machine. If the blame is placed on SAFE instead of Bybit here, it completely learns the wrong lesson.In response, Wintermute founder wishfulcynic.eth stated that his remarks are somewhat misleading and distort the facts (gaslighting).Hasu countered his series of comments by saying that evaluating whether Safe was at fault in the incident is a difficult question to answer (not because he is an investor in Safe). Safe provided a solution through a centralized frontend, but it should never be completely relied upon. He believes that Safe's biggest problem is not collaborating with large capital clients to provide them with security education. The intrusion of Safe developers' devices is also one of the issues, but learning lessons from it is what matters most.

According to ChainCatcher, The Block reported that the Arbitrum DAO Growth Management Committee (GMC) recently proposed to invest 7,500 ETH in three non-Arbitrum native protocols: Lido, Aave, and Fluid, which has sparked strong controversy within the community.The specific investment plan includes investing 5,000 ETH in Lido to acquire wstETH, which will then be deposited into Aave V3, with an expected annual yield of 4.54%; additionally, 2,500 ETH will be invested in the Fluid lending platform, with an expected yield of 1-2%.Several DAO representatives criticized the proposal for overlooking Arbitrum ecosystem native projects, suggesting that at least 10% of the funds be allocated to local protocols. The proposal will be voted on next Thursday.

ChainCatcher news, reported by The block, Federal Reserve Vice Chairman Michael Barr responded to the controversy over the de-banking of the cryptocurrency industry. Barr stated that the Federal Reserve will maintain a neutral stance and will not prevent banks from collaborating with the crypto industry.He emphasized that the Federal Reserve has provided clear guidance and a regulatory framework that allows banks to engage in crypto business within compliance, while not mandating or discouraging banks from participating in related activities.

ChainCatcher news, according to TASS, the Argentine Senate passed a proposal requiring the government to submit a report on the controversies related to the LIBRA token with 46 votes in favor and 15 against. However, the proposal to establish a special investigative committee was not approved as it failed to reach the required threshold of 48 votes.The opposition has made several accusations against the president regarding this matter, including misconduct, money laundering, and engaging in activities inconsistent with the identity of public officials. Some lawmakers have stated that they will seek to impeach Milei.

ChainCatcher news, according to Decrypt, researchers from Microsoft Threat Intelligence have discovered a new type of malware that can target cryptocurrency wallets. XCSSET was first identified in 2020, allowing malicious actors to take screenshots, record user behavior, and steal data from Telegram. The updated version can also locate data within the Apple Notes application and uses obfuscation techniques to make the malware harder to detect. XCSSET theoretically also has the capability to manipulate what the end user sees in their browser. This could include modifying or replacing Bitcoin and other cryptocurrency addresses, meaning funds may not be sent to their intended destination.Researchers added that users must always check and verify any Xcode projects downloaded or cloned from repositories, as malware often spreads through infected projects. They should also only install applications from trusted sources, such as the official app stores of software platforms.

ChainCatcher news, Binance Customer Support responded to community users regarding the PI community voting controversy on platform X, stating: "According to relevant requirements, it has been noted in the Simplified Chinese announcement of the 'Binance Community Vote' that users residing in countries or regions such as mainland China will not be counted in the valid voting results.At the end of the event, we will announce the final valid vote count after excluding votes that do not meet the criteria or are from users in ineligible regions, as well as votes that violate the terms and conditions. The results of this vote are for reference only; whether the project goes live will be evaluated and decided based on the official listing review process and standards."ChainCatcher previously reported that according to official news, Binance initiated a vote on "Should PI be listed on Binance?" Users must log in to a verified Binance account and hold at least $5 equivalent in assets in their trading account for their vote to be valid.Each user can vote once during the voting period. The voting time is: 2025-02-17 14:45 (UTC) to 2025-02-27 23:59 (UTC).

ChainCatcher news, according to Cointelegraph, U.S. Senator Rand Paul called yesterday for an audit of the Fort Knox gold reserves led by Elon Musk's Department of Government Efficiency (DOGE) to verify whether it actually holds 147.3 million ounces (4,600 tons) of gold from the U.S. Treasury, sparking a debate about the transparency of Bitcoin compared to traditional assets and financial trust.The Fort Knox gold has not been audited for 50 years since 1974, primarily because the U.S. government has refused external audits on the grounds of national security, while its gold reserves are seen as a symbol of national credit, and public audits could trigger market volatility and a crisis of trust. Bitcoin supporters, including Senator Cynthia Lummis, stated: "Bitcoin solves this problem. Bitcoin reserves can be audited at any time through basic computers, year-round." Unlike physical gold, which requires external audits, Bitcoin allows anyone to verify ownership, supply, and transactions through the blockchain.Riot's research director Pierre Rochard said: "Gold requires trust in the auditor, while Bitcoin allows anyone to be an auditor." Bitcoin cannot be forged, whereas gold can. Although the U.S. has the largest gold reserves in the world, incidents of fake gold bars have occurred in recent years. In 2019, the CEO of Swiss refinery Valcambi admitted that counterfeiting technology has become increasingly sophisticated, suggesting that thousands of fake gold bars may go undetected. In contrast, Bitcoin cannot be forged, with a fixed total supply of 21 million coins, and its smallest unit, "satoshi," can be tracked on-chain. Bitcoin advocate Max Kaiser wrote in 2018: "Bitcoin is the most perfect hard currency humanity has ever known. Holding Bitcoin is a declaration of liberation from tyranny and government intervention, achieving individual sovereignty."

ChainCatcher message, according to Ali's monitoring, based on funding rates, SOL, HBAR, and ENA are currently severely oversold assets.

ChainCatcher news, according to the Jiangsu High Court's official WeChat account, the Jiangsu High Court has released typical cases involving foreign-related commercial trials, stating that overseas virtual currency investments are not protected by Chinese law. In the relevant case, Singaporean citizen Pan XX and Chinese citizen Tian XX signed a cooperation agreement with a third party to jointly operate the "MFA Blockchain" project. Pan XX transferred 15.74 million yuan to Tian XX for the purchase of MFA virtual currency, but later the virtual account involved in the case was locked, resulting in the total loss of the principal. Pan XX filed a lawsuit in court.The Jiangsu High Court, in its second instance, held that Pan XX is a Singaporean citizen, and the case has foreign-related factors. According to China's law application rules, matters involving China's financial security and social public interests should directly apply the mandatory provisions of Chinese laws and regulations, which prohibit virtual currency investments. In this case, the parties signed a contract to speculate on overseas virtual currencies, violating the mandatory provisions of China's financial regulatory field. Therefore, the investment losses claimed by the parties are not protected by law, and the resulting losses shall be borne by the parties themselves.

ChainCatcher news, Matrixport released today's chart showing that the Relative Strength Index (RSI) of Ethereum has fallen to a historical low, approaching the extreme oversold zone. This typically indicates that after a significant recent pullback, the ETH price may have conditions for a rebound.In addition, the Ethereum Pectra upgrade is scheduled to launch in March 2025, which is expected to significantly enhance the network's scalability, efficiency, and user experience. This upgrade will merge the originally planned Prague and Electra versions to create a more powerful technical update.Before the official launch of the upgrade in March, the market expects multiple testnet announcements, which could serve as positive factors to boost market sentiment. Although past Ethereum upgrade events often accompanied "sell the news" trends, under the current oversold context, this upgrade may create opportunities for the ETH price to rebound.