ChainCatcher news, according to a report by Jinshi, citing Sina Technology, there are reports that the major shareholder of Xiaohongshu is negotiating to sell its shares, with a valuation of at least $20 billion. As the potential TikTok ban in the U.S. approaches, this deal has attracted interest from Tencent Holdings Limited and other well-known investors.According to informed sources, Xiaohongshu's supporters GGV Capital, GSR Ventures, and Tiantu Capital are in talks to sell part of their shares. Interested investors include existing shareholders Sequoia China and Hillhouse Capital. Tencent is also considering whether to increase its stake. In this regard, Sina Technology has sought confirmation from Xiaohongshu's official representatives, but as of the time of publication, there has been no response. (Jinshi)

ChainCatcher news, Upbit's operator Dunamu responded to rumors about business suspension penalties. The company stated that the penalty decision by the Financial Intelligence Unit (FIU) has not been finalized and will be defended through subsequent procedures such as the sanctions review committee.Dunamu emphasized that even if the penalty takes effect, it will not affect the trading functions of existing and new users. The core content of the penalty is limited to restricting new users from transferring cryptocurrency assets outside the exchange within a specific period.

ChainCatcher message, regarding "The SEC has submitted a court statement for the appeal against Ripple," Ripple's Chief Legal Officer Stuart Alderoty posted on X: "As expected, the SEC's appeal is merely a restatement of arguments that have already failed—likely to be discarded by the next administration. We will respond formally at the appropriate time. For now, please be aware: the SEC's lawsuit is just noise. A new era of regulatory support for innovation is coming, and Ripple is thriving."

ChainCatcher news, Musk responded to the lawsuit filed by the SEC saying, "The SEC is a completely broken organization that spends its time on this kind of thing, while there are so many real crimes that go unpunished."

ChainCatcher News, the U.S. Department of Justice released a special prosecutor's investigation report early on the 14th, stating that if Trump does not win the 2024 U.S. presidential election, he will be convicted in the federal case overturning the results of the 2020 U.S. presidential election. The report is signed by special prosecutor Jack Smith, who recently left the U.S. Department of Justice.Trump immediately responded on social media, blasting Smith as "mentally deranged." Trump wrote: Smith is a lousy prosecutor who cannot get the case in his hands heard before the voting day of the 2024 U.S. election, while I will win the election by a landslide. (Xinhua News Agency)

ChainCatcher news, citing sources familiar with the matter from Bloomberg, reports that Chinese officials are evaluating a possible plan to sell TikTok's U.S. operations to Elon Musk if the app cannot prevent the U.S. ban. Although TikTok's parent company ByteDance prefers to block the ban through appeals, indications from the U.S. Supreme Court suggest that the ban may be upheld.The plan envisions Musk's X (formerly Twitter) taking over TikTok's U.S. operations and integrating it with its existing platform. This move could not only leverage TikTok's 170 million U.S. users to increase advertising revenue but also provide valuable data support for Musk's artificial intelligence company xAI. However, the deal would require approval from the Chinese government, especially concerning the transfer of TikTok's core algorithms.Currently, TikTok's U.S. operations are valued between $40 billion and $50 billion, but it remains unclear whether Musk has sufficient resources to complete the transaction. ByteDance has stated that its primary goal remains to retain TikTok's operations in the U.S. through legal means.

ChainCatcher news, citing informed sources from Bloomberg, reports that Chinese officials are evaluating a possible plan to sell TikTok's U.S. operations to Elon Musk if the app cannot prevent the U.S. ban. Although TikTok's parent company ByteDance prefers to block the ban through appeals, indications from the U.S. Supreme Court suggest that the ban may be upheld.The plan envisions Musk's X platform taking over TikTok's U.S. operations and integrating it with its existing platform. This move could not only leverage TikTok's 170 million U.S. users to increase advertising revenue but also provide rich data support for Musk's artificial intelligence company xAI. However, the deal would require approval from the Chinese government, especially concerning the transfer of TikTok's core algorithms.Currently, TikTok's U.S. operations are valued between $40 billion and $50 billion, but it remains unclear whether Musk has sufficient resources to complete the transaction. ByteDance has stated that its primary goal remains to retain TikTok's operations in the U.S. through legal means.

ChainCatcher message, 1confirmation founder Nick Tomaino stated, "When popular narratives like AI agents emerge, it usually means that the long-term trend is real, but 99% of the projects that arise around this trend will disappear within a year or two.The best way to respond to this hype is to use the product and communicate with the developers. If you find a product led by smart developers that you like, then invest in it. Otherwise, stay away to avoid liquidation."

ChainCatcher news, Bankless co-founder David Hoffman posted an image on X again (narrated from the perspective of another co-founder, Ryan Adams) in response to the "AICC crash incident."Ryan stated that he and another co-founder of Bankless, David Hoffman, each invested 5 SOL in Aiccelerate in their personal capacities. Additionally, Bankless Ventures invested 2 SOL in the name of the fund, with GP Ben Lakoff being the person in charge of that investment.Afterward, Bankless Ventures sold 8% of the fund's shares (which have now been repurchased). Ryan mentioned that he and David were not aware of the sale, and Ben himself was not familiar with the situation at Aiccelerate; the sale was merely based on trading considerations. This was a huge mistake, and it was the first time such a situation occurred, which made Ben very upset.Ryan finally clarified once again that he and David have never sold their personal shares.

ChainCatcher news, Hyperliquid posted on X, stating that in response to recent misunderstandings in the community regarding the validator mechanism, the project team made the following clarifications:All validators are qualified based on their performance in the testnet; the claim of "buying a seat" is not true, and the related accusations are unfair to the validators who are seriously committed. As the network develops, the validator pool will gradually expand;The previously announced foundation delegation program will support high-performing validators, further achieving network decentralization;Anyone can run an API server pointing to any node; although the example client code sends requests to a specific API server, this is not a fundamental requirement of the network;The black market trading behavior on the testnet HYPE is unacceptable, and the project team will continue to optimize the user experience on the testnet;The current node code is in a closed-source state, and it will be open-sourced in the future after development is stable and secure;Currently, there is only one binary file; even for mature networks like Solana, most validators run a single client.Hyperliquid stated that the project will iterate at a faster pace and larger scale, and will continue to listen to community feedback and improve the ecosystem in the future.

ChainCatcher news, at a press conference held at Mar-a-Lago, the elected President of the United States, Trump, made several shocking statements in just one hour and escalated his rhetoric regarding sovereignty issues with countries like Canada.He called for economic means to absorb Canada as part of the United States and did not rule out the use of force to seize the Panama Canal and Greenland, demanding NATO countries increase their defense spending to 5% of GDP. He also vowed that if Hamas did not release Israeli hostages before he took office, "the Middle East will descend into chaos."Additionally, Trump promised to rename the Gulf of Mexico to "American Gulf." Besides threatening to impose tariffs on uncooperative countries (including Denmark), he did not explain how these seemingly impossible commitments would be achieved.In response, various parties reacted to Trump's statements. Canadian Prime Minister Trudeau stated that Canada could never become a state of the United States, and the country's foreign minister said they would never back down in the face of threats; the Danish Prime Minister reiterated that Greenland is not for sale; the President of Panama responded that there would be no preemptive evaluation of Trump's remarks about the Panama Canal before he took office.Foreign media commented that Trump's rhetoric aligns with a bolder stance, suggesting that Trump believes he has been given (by the public and the electoral college) the mandate to speak and act almost at will.

ChainCatcher news, BTCFi project Solv Protocol co-founder Ryan Chow stated, "After experiencing a whole day of baseless public opinion attacks regarding '1,800 RUG' and 'private agreements' yesterday, today Solv has faced even more absurd accusations. These accusations invariably target the core asset security issues, but their basis is erroneous and contradictory, attempting to mislead the public through confusion. In response, we have decided to address these claims head-on and shatter these false statements with facts."Regarding the accusation from Nubit co-founder Hans about the misappropriation of the underlying BTC of SolvBTC.BBN, Chow pointed out that the mempool transactions cited by the other party are actually routine operations of SolvBTC.CORE. According to the project mechanism, SolvBTC.CORE needs to re-stake BTC to a new script address every half month, with the last staking occurring on December 19, and the extraction and re-staking taking place on January 2, which is also the reason for updating the address to DeFiLlama.Additionally, in response to the doubts about the decline in TVL of SolvBTC.BBN during Babylon Cap3, Chow stated that this is due to the project initiating a normal redemption mechanism, which precisely reflects the product's liquidity and flexibility. At the same time, he also refuted market speculation regarding the "BTC three flowers," which suggests that the same BTC is counted three times in the TVL.Chow emphasized that as a project that has been deeply engaged for four years, Solv is facing such a meticulously planned attack during the sensitive period leading up to the TGE (Token Generation Event), and has provided ample on-chain evidence and technical documentation to support its position, inviting the market and users to make their own judgments.

ChainCatcher news, Cardano founder Charles Hoskinson responded to the controversy regarding the governance structure of the Cardano Foundation (CF), emphasizing the importance of decentralization principles and community oversight. The controversy originated from well-known Cardano community figure Rick McCracken's questioning of the foundation's leadership and transparency, arguing that there is a lack of effective community oversight.Charles Hoskinson pointed out that the foundation has no direct ties to IOHK and Emurgo. The use of the Cardano Foundation's $600 million ADA treasury does not directly represent the community. In his view, the foundation's lack of enthusiasm for funding projects like Catalyst could hinder the development of the ecosystem. This approach may lead to future sustainability issues for the ecosystem, especially considering that major contributors like IOHK work without proper incentives.Charles Hoskinson's response to McCracken's statements was that these comments were quite "offensive" and "disappointing." He noted that IOHK does face some challenges, such as needing to lay off staff during a bear market, but remains focused on the ecosystem.

According to ChainCatcher news, as reported by Crowdfund Insider, the results of the 2024 Crypto Literacy Survey released by Crypto Literacy show a significant increase in respondents' recognition of digital assets. The survey found that 98.6% of respondents who consider themselves knowledgeable own cryptocurrency, while only 32% of respondents own cryptocurrency with limited understanding. Key findings of the survey include:Respondents with advanced knowledge are three times more likely to own cryptocurrency than those with limited knowledge, with 31.8% of respondents indicating a deep understanding of cryptocurrency, a significant increase from 11.0% in 2022;29% of respondents view cryptocurrency as a long-term retirement strategy, while 22% use it for daily trading;59% of respondents believe that regulatory clarity is the most important task for the new government;The proportion of respondents who consider cryptocurrency "extremely dangerous" has decreased from 43.1% to 35.2%, with more people viewing it as "some kind of risk" or "neutral"; 26.6% of respondents still have doubts about the source of cryptocurrency's value;Only 22% of respondents correctly identify the importance of private keys, 14% understand the functions of DeFi, and 9% know the role of staking in the blockchain ecosystem.The survey was conducted in October 2024, with 670 U.S. respondents participating, covering various ages, genders, and income levels, aiming to provide actionable insights for education and policy initiatives.

ChainCatcher news, according to thecryptobasic, after Trump's victory in the election, at least three states—Pennsylvania, Texas, and Ohio—are considering adopting a unique framework to establish their own Bitcoin reserves. Centrifuge's General Counsel Eli Cohen asserted in a recent interview that this development is very beneficial for the crypto market.As experts continue to debate the feasibility of implementing this at the federal level and its potential market impact, some states may be seeking to join in. It is reported that Trump made bold claims about establishing a federal strategic Bitcoin reserve during his campaign, and with the inauguration of the incoming president approaching, several states are already considering testing the waters.

ChainCatcher news, according to Coinpost, the Japanese government has officially responded to the inquiry by Senator Akira Hamada regarding "the promotion of Bitcoin reserves by the United States and other countries." Hamada previously stated on December 11 that "Japan should follow the example of the United States and other countries and consider converting part of its foreign exchange reserves into Bitcoin and other crypto assets."In response, the Japanese government stated that it has not yet fully grasped the relevant movements of the United States and other countries, believing that discussions in other countries about introducing Bitcoin reserves are still ongoing, and "the government finds it difficult to take a position on specific situations." According to the legal framework of special accounting operations, "crypto assets do not fall under foreign exchange," and the current foreign exchange reserves aim to maintain the stability of foreign currency assets and foreign currency bond markets.The defense document repeatedly emphasizes that special accounting operations will prioritize ensuring the safety and liquidity of foreign exchange reserves, implying that the volatility of crypto assets like Bitcoin does not align with the current system.

ChainCatcher news, according to Coinpost, the Japanese government has made an official response to Senator Akira Hamada's inquiry regarding "the promotion of Bitcoin reserves by the United States and other countries." Akira Hamada previously suggested on December 11 that "Japan should follow the example of the United States and other countries and consider converting part of its foreign exchange reserves into Bitcoin and other crypto assets."In response, the Japanese government stated that it has not yet fully grasped the relevant movements of the United States and other countries, believing that discussions in other countries about introducing Bitcoin reserves are still ongoing, and "the government finds it difficult to take a position on specific situations." According to the legal framework governing special accounting operations, "crypto assets do not fall under foreign exchange," and the current foreign exchange reserves aim to maintain the stability of foreign currency assets and foreign currency bond markets.The response document repeatedly emphasizes that ensuring the safety and liquidity of foreign exchange reserves is the top priority of special accounting operations, implying that the volatility of Bitcoin and other crypto assets is not compatible with the current system.

ChainCatcher message, Musk replied to a tweet about "Guess who might get President Biden's pardon early, the second largest donor to the Democrats (image featuring an AI photo of Biden with SBF)" saying, "I would be shocked if this doesn't happen."

ChainCatcher news, encrypted influencer Haliey Welch posted a response to the HAWK token crash incident. She stated that she will fully cooperate with the investigation and assist the legal team representing the affected investors, dedicated to uncovering the truth and holding the responsible parties accountable.Previously, a meme coin featuring Haliey Welch's portrait, HAWK, was launched on December 4, reaching a market cap of $500 million, before plummeting 90%, prompting investors to file lawsuits. Welch urged affected investors to contact the Burwick legal team.