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According to DL News, the Central Bank of Russia has warned that financial pyramid scheme organizers in the country have largely turned to using cryptocurrencies. In 2025, Russian citizens sent funds to cryptocurrency wallets held by fraudsters, involving over 4,600 wallet addresses.The central bank discovered 7,087 financial pyramid schemes, fake brokers, and other fraudulent schemes last year, with 80% operating online, most of which used cryptocurrencies and money mules to transfer funds. In 2025, 84% of fraudsters used cryptocurrencies to raise funds, up from 77% in 2024. The Central Bank of Russia has ordered the blocking of 21,500 related web pages and social media posts.The central bank pointed out that fraudsters choose cryptocurrencies to maintain anonymity and evade punishment, and it has pledged to strengthen monitoring and increase efforts to combat cryptocurrency fraud.

According to Binance spot market data, the market has experienced significant fluctuations. PYR has dropped by 12.02% in the last 24 hours, and CYBER has decreased by 15.13%, showing a "high and then low" state.In addition, DCR, YGG, NXPC, and AT have also shown a "high and then low" state, with declines of 7.39%, 8.05%, 6.19%, and 6.44%, respectively. Meanwhile, ESP has reached a bottom and rebounded, with an increase of 6.18%.The other tokens TIA and BAND have both hit new lows today, with declines of 5.34% and 6.87%, respectively.

On-chain data analyst Murphy posted on social media that after Bitcoin reached a high of $97,000 on January 15, it quickly dropped to $73,000, swiftly breaking through the psychological support of $80,000. Under the dominance of panic sentiment, the trapped positions above $80,000 have net decreased by over 610,000 coins within 20 days, accounting for 88% of the total outflow, becoming the main source of selling pressure.However, on-chain URPD data reveals an important structural change: the selling pressure from long-term holders has significantly weakened (only accounting for 9.7% of the reduction), indicating a clear reluctance to sell among long-term holders. Meanwhile, there has been strong buying in the $70,000-$80,000 range, with a net purchase of about 450,000 BTC, nearly double the absorption volume in the $80,000-$90,000 range, suggesting that some funds are "buying more as prices drop," using real money to layer their resistance.Murphy stated that the difference in this cycle compared to previous ones is that bulls are showing sustained and layered defense during the decline, with the accumulation zones gradually moving down rather than collapsing in a step-like manner. Although there are pessimistic predictions that "the bear bottom will see $50,000 or $30,000," once the bears compress the bulls' defense to the extreme, coupled with a lack of supply, the market may welcome a strong counterattack from the bulls.

Story Protocol and OpenLedger announced a partnership to launch a new standard that enables AI systems to legally use creative works and automatically pay royalties to copyright holders.According to the agreement, intellectual property registered on Story Protocol can be licensed for AI training and AI-generated content. OpenLedger, as an AI-native blockchain, will execute these licenses within AI systems and handle payments. Both parties are building a shared on-chain standard to record ownership of works, usage methods, and payment recipients.This initiative comes against the backdrop of a continuous increase in AI-related lawsuits, with many cases in 2025 revolving around intellectual property. Data from the World Intellectual Property Organization indicates that the global IP market is valued at over $80 trillion. A representative from OpenLedger stated that the system will shift AI from a model of training first and litigating later to one that only uses content that can be proven to be authorized for use.

According to market news, Guizhou Qiannan Cybersecurity and Economic Investigation have collaborated to crack a "virtual currency" online pyramid scheme, successfully arresting 15 criminal suspects across multiple locations.Upon investigation, it was found that this pyramid scheme organization promoted the slogan "Everything valuable in the world can be tokenized," establishing a virtual currency platform without real-name transactions. They set up various levels, where members participated in the pyramid scheme by recharging and staking virtual currency, profiting through direct push rewards by developing downlines. It is a network pyramid scheme organization with more than three levels and thousands of participants.Criminal suspects Jia Moufu, Liu Mou, Duan Mouyao, and others set up a certain virtual currency online, using the lure of high returns from purchasing virtual currency to intentionally inflate the price of the virtual currency. They classified "identity levels" based on the amount purchased by members, with increasing returns as levels rose, encouraging "old members" to continue developing "new members" and attracting more people to participate in the pyramid scheme, achieving layered returns.The platform took advantage of most participants' lack of understanding of virtual currency, regularly conducting courses to promote phrases like "high returns, low risk," and assisted members in converting RMB into virtual currency through recharge services. Currently, all related suspects have been legally prosecuted.

According to Binance spot data, the market has experienced significant fluctuations. PYR has dropped by 17.91% in 24 hours, SXP has decreased by 11.75%, and other tokens such as ARDR, CTK, and PORTAL have also shown a "spike and drop" state.At the same time, MET has performed relatively well, with an increase of 5.13%, showing a "bottoming out and rebound" state. POL has reached a new low today, with a decrease of 5.19%.

Fireverse is reshaping the business logic of the Web3 music track through "AI Co-creation." Since launching its music co-creation program in October, its content ecosystem has rapidly gained popularity across the internet, creating hit singles including the collaboration with Kay Tse titled "City Light Chasing Dreams," as well as "Go with the Wind," "Burn," and "Silent Dialogue." As of now, the total online play count of the co-created songs has exceeded 100 million, demonstrating a strong ability to monetize traffic.To further empower the community, Fireverse announced the official launch of the "Copyright Staking Pool" at the end of December. Unlike traditional governance token models, this pool introduces a Real Yield mechanism.According to official estimates, based on the current traffic growth rate, the total revenue from music copyrights on the platform is expected to exceed $30 million by 2026. Of this, 50% (expected to be over $15 million) will be directly injected into the staking pool for distribution to LP holders. This means that users are not only listeners but also direct sharers of copyright revenue. With more top-tier popular artists joining the Fireverse co-creation camp next year, there is still significant growth potential for this revenue pool.

The Xinhua News Agency's WeChat public account forwarded a safety reminder announcement previously released by the WeChat Security Center: "Recently, the WeChat platform has received user complaints that some WeChat accounts are involved in organizing pyramid schemes, fraud, and other illegal activities within WeChat groups.Such behaviors disguise themselves under the pretense of national asset unfreezing, national policies and engineering projects, as well as blockchain virtual currencies, stablecoins, etc., using high returns as bait to lure users into joining WeChat groups. They encourage users within the group to invite others, post suspicious links to download fraudulent apps, engage in daily check-ins, meeting courses, and other brainwashing activities, ultimately leading to fraud. The aforementioned behaviors seriously infringe upon users' property rights."

The WeChat Security Center stated that it has recently received user complaints about certain WeChat accounts engaging in illegal activities such as organizing pyramid schemes and fraud within WeChat groups. Such activities disguise themselves under the pretense of national asset unfreezing, national policies, and engineering projects, as well as blockchain virtual currencies and stablecoins, using high returns as bait to lure users into joining WeChat groups. Within these groups, users are encouraged to invite others, post suspicious links to download fraudulent apps, engage in daily check-ins, attend meetings and courses, and other brainwashing activities, ultimately leading to fraud. These actions seriously infringe upon users' property rights.Once such behavior is discovered and verified, the platform will take action based on relevant national laws and regulations, as well as the "Tencent WeChat Software License and Service Agreement" and "WeChat Personal Account Usage Specifications," among other platform agreements and rules. Depending on the severity of the violations, related accounts will be subject to a tiered approach to handling, with repeated offenders potentially facing permanent login restrictions, and confirmed violating WeChat groups will have their group functions disabled.

According to Binance spot market data, the market has experienced some fluctuations. PYR has dropped by 13.51% in the last 24 hours, reaching a new low for today.Meanwhile, tokens such as CVC, FET, ZRO, and EDEN have shown signs of recovery from their lows, with increases of 6.06%, 8.22%, 7.49%, and 6.47%, respectively. OG reached its highest price in 24 hours, with an increase of 6.62%.Among other tokens, PIVX, GLM, and WLFI have shown a "high and then low" pattern, with decreases of 5.18%, 11.16%, and 6.85%, respectively.

ChainCatcher message, the copyright holder of the "Nai Long" anime IP, Seventh Impression Company, announced that recently, some illegal individuals have been using the "Nai Long" image to engage in Bitcoin issuance, false advertising, and illegal financial activities, seriously misleading the public and damaging the brand's reputation. Seventh Impression emphasized that since its establishment, the company has never engaged in or authorized any units or individuals to participate in virtual currency-related businesses and firmly opposes all illegal activities. The company has now initiated a legal review process and will hold the relevant parties accountable according to the law, and will report to the public security authorities if necessary.

ChainCatcher news, according to market software, today the TaleX governance token X on Binance Alpha has increased by over 130% in a single day, with a 24-hour trading volume reaching 15 million USD.It is reported that the official X account of TaleX has officially announced that all tokens belonging to the team, investors, ecosystem, and community have been locked using PinkLock, with locked tokens accounting for 85% of the total token issuance.TaleX is a protocol focused on bringing RWA assets such as content copyrights on-chain. It has already served hundreds of well-known writers and short film production teams, and is seeking to expand its service scope to other categories of real-world consumer goods.

ChainCatcher news, September 17, according to market data, today the governance token X of TaleX on Binance Alpha has increased by over 130% in a single day, with a 24-hour trading volume reaching 15 million USD.On the same day, the official X account of TaleX announced that all tokens belonging to the team, investors, ecosystem, and community have been locked using PinkLock, with locked tokens accounting for 85% of the total token issuance.TaleX is a protocol focused on on-chain RWA assets such as content copyrights. It has already served hundreds of well-known writers and short film production teams, and is seeking to expand its service scope to other categories of real-world consumer goods.(Source link)

ChainCatcher news, according to reports from the Justice Network, from May to August 2023, Li and others, under the guise of issuing a certain virtual currency, established a hierarchical reward mechanism based on invitation relationships. They formed groups on social platforms to promote both online and offline, publicizing to the general public and enticing participants to gain entry qualifications by purchasing virtual currency, staking assets, and bidding on virtual cards, while obtaining rebates based on the number of downline members developed. By October 2023, when the case was uncovered, the organization had developed multiple levels and absorbed funds equivalent to over 20 million yuan.The Shishi City People's Procuratorate in Fujian Province reviewed and determined that although the organization packaged itself with emerging concepts such as virtual currency and NFTs, its operational model still conformed to the crime of organizing and leading pyramid selling activities as stipulated in the Criminal Law of the People's Republic of China: First, the project established a "threshold fee" in disguise through the purchase of virtual currency and participation in private placements of virtual assets as a prerequisite for joining and developing others; second, it established clear superior-subordinate relationships and hierarchical structures, using the number of personnel developed and the performance of subordinates as the basis for compensation and rebates; third, there were no real business activities or sustainable sources of income, and the operation of funds relied on the payments from new members to provide returns to earlier members, exhibiting obvious characteristics of fraud.Li and others created an illusion of profit by manipulating backend parameters and artificially intervening in the so-called "synthesis probability" and "release mechanism," enticing participants to continuously invest and develop downlines, which constitutes the use of new technological concepts to cover up traditional pyramid scheme crimes, severely infringing on the property rights of the public and disrupting the economic and social order.In June 2024, the Shishi City People's Procuratorate legally prosecuted the members of the gang. In December 2024, the court sentenced four defendants to prison terms ranging from six years and six months to three years for organizing and leading pyramid selling activities, imposed fines, and confiscated illegal gains. After the defendants filed an appeal, in July 2025, the appellate court ruled to dismiss the appeal and upheld the original judgment.

ChainCatcher news, according to the "China Consumer News," the Market Supervision Administration of Shiyan City, Hubei Province, recently issued a risk warning, launching an investigation into virtual currency projects such as "Youke Chuang," "Shiyi Hui," and "Ronghui Capital." It was found that these projects operate by trading cryptocurrencies through overseas platforms, using a "referral" model to develop members, promising high returns on investments in digital currencies, and are suspected of conducting illegal financial activities using pyramid scheme tactics.Regulatory authorities remind consumers to be wary of "capital protection and high returns" scams, emphasizing that China prohibits virtual currency exchange and trading intermediary services, and that participation in such projects cannot guarantee the safety of funds. The case is currently under further investigation.

ChainCatcher message, Gala announced today that GalaChain has gained access to the Trusted Copyright Chain (TCC) through a milestone partnership with Shrapnel. This breakthrough provides approximately 600 million players in the world's largest gaming market with a cross-border channel to non-fungible tokens (NFTs).This collaboration brings funding to Shrapnel, and in the future, every cross-chain transfer in the game will consume Gala tokens.

ChainCatcher News, the official reminder released by the China Internet Finance Association under the People's Bank of China, warns against pyramid schemes involving virtual currencies (new coin issuance only rises and never falls, excessive member benefits for development, obtaining membership through coin purchase, hierarchical development of upper and lower lines), "air coins" schemes (decentralized blockchain innovation projects, XX coin skyrocketing in price after launch, instant gifts of XX coins for subscribing to new projects, recommendations of XX coins by certain big names), and platform schemes (free virtual currency gifts for registration and trading, massive platform trading, quick withdrawals). These projects often carry out pyramid scheme fraud and other illegal activities under the guise of "decentralized blockchain innovation projects" and similar banners.

ChainCatcher news, according to Cointelegraph, Disney and Universal Pictures filed a lawsuit in Los Angeles court on June 12, accusing the artificial intelligence company Midjourney of using their well-known film IP content such as "Star Wars," "Marvel," and "Shrek" without authorization to train AI models and generate infringing images. This marks the first time a major Hollywood studio has filed a copyright lawsuit against an AI company.The complaint states that the Midjourney platform allows users to generate images containing characters copyrighted by Disney and Universal Pictures, and has not taken effective technical measures to prevent infringement. Disney has indicated that it previously requested Midjourney to establish copyright protection mechanisms but received no response. Currently, both companies have applied for a preliminary injunction to suspend Midjourney's image generation services.Recently, several AI companies have faced copyright lawsuits, including OpenAI and Microsoft, which have been accused of using unauthorized copyrighted content to train AI models.

ChainCatcher news, according to Cointelegraph, the American sports betting site DraftKings has reached a settlement with the NFL Players Association, which had previously accused the platform of failing to pay for the use of NFL players' likenesses in NFTs.DraftKings and the NFLPA stated in a joint letter to New York Federal Judge Analisa Torres on January 27 that they have mediated the lawsuit and have reached a settlement in principle "before reaching a final settlement agreement." Both parties requested a 60-day pause in the litigation, aiming to complete the settlement by March 28. The specific details of the settlement have not been disclosed.Judge Torres had previously handled the SEC's lawsuit against Ripple, and the final settlement agreement requires her signature.

According to ChainCatcher news, the Suqian Court's official WeChat account disclosed a case of online pyramid scheme disguised as an investment in virtual currency financial projects. The criminal suspects created the "ACORNS" online platform, and without any actual business operations, they issued virtual currencies such as "ACO" and promoted these currencies as a means to participate in financial management for high returns. They required members to pay 100 USDT as a threshold to obtain static income. By the time the case was reported, the platform had over three thousand active members and had accumulated nearly 3.16 million USDT in funds.After hearing the case, the Suqian Court sentenced the defendants to prison terms ranging from five years and three months to three years for organizing and leading pyramid scheme activities, and imposed fines ranging from 170,000 to 100,000 yuan.