ChainCatcher news, according to market news: The United States is considering restricting Nvidia and AMD from selling AI chips to certain countries. (Jin Shi)

ChainCatcher news, according to Protos, the U.S. Supreme Court has declined to hear an appeal regarding 69,370 bitcoins related to Silk Road, effectively lifting restrictions on the sale of bitcoins worth $4.4 billion. Due to a lower court's order for the U.S. government to "dispose of the seized defendant's property according to law," U.S. Marshals or other agencies may soon receive court instructions to liquidate a large amount of bitcoin stolen from Silk Road.Battle Born Investments purchased bankruptcy claims after Ross Ulbricht's dark web market Silk Road shut down in 2013. Battle Born claims to possess bitcoins seized from "Individual X," who allegedly stole the bitcoins from Silk Road. The disputed wallet has now been emptied and is held by the U.S. government, awaiting court instructions.Battle Born has requested a hearing on its claims, asserting that it is "an innocent owner of the defendant's property by virtue of its status as a purchaser of bankruptcy assets." However, since the nine justices will not hear the case during this term, the U.S. District Court's forfeiture order is likely to prevail. Although some procedures and legal reviews still need to be completed before the U.S. government can actually sell the bitcoins, due to the Supreme Court's rejection, U.S. Marshals may auction off additional billions.

ChainCatcher news, according to CoinDesk, EigenLayer has faced criticism after it was revealed that early investors received staking rewards without the restrictions of token locks. Investors and community members have complained about the lack of transparency in the supply of EigenLayer tokens. The total supply of EIGEN is fixed at 1.68 billion, with a circulating supply of 186 million, an FDV of 5.8 billion dollars, and a market cap (excluding uncirculated tokens) of 650 million dollars. Many of the questions raised by community members stem from a portion of these locked tokens, which belong to early investors who purchased them in heavily discounted funding rounds.Investors who bought in EigenLayer's 14.4 million dollar seed round, 50 million dollar Series A round, and the latest 100 million dollar funding in February can now stake their locked tokens for rewards. Currently, a total of 130 million EIGEN tokens have been staked. Many believe these are part of the claimed tokens, but in reality, 70 million of those tokens belong to this small group of early investors. EigenLayer investor TardFiWhale.eth wrote on X that the project recently updated its documentation, stating that "Staking by Eigen Labs investors is unrestricted," and that rewards are not subject to lock-up restrictions. The X post claims that this information was not included in the archived documents from mid-September.After the launch of the EIGEN token, it initially rose to 4.39 dollars, then fell by more than 20% to 3.57 dollars.

ChainCatcher message, the Eigen Foundation announced on social media that it will unlock the EIGEN transfer restrictions at 12:00 PM Beijing time on October 1 (9:00 PM PST on September 30).It is reported that if a user's EIGEN is currently staked, there will be a 7-day withdrawal period for canceling the staking of EIGEN.

ChainCatcher message, the Eigen Foundation announced on platform X that the transfer restrictions on EIGEN tokens are expected to be lifted on September 30, 2024. The Eigen Foundation emphasizes that there will be a 7-day withdrawal waiting period after the currently staked EIGEN tokens are unstaked.

ChainCatcher news, SEC Chief Accountant Paul Munter stated that the SEC's position on restricting banks from providing crypto custody services remains unchanged.On September 9, Munter reiterated the views of SEC Staff Accounting Bulletin No. 121 (SAB 121) at a banking conference, emphasizing that financial institutions need to record liabilities for custodial crypto assets on their balance sheets. Munter pointed out that although some arrangements do not comply with the standard, the SEC still believes that regulated financial institutions should not provide crypto custody services.ETF Store President Nate Geraci stated on the X platform, "The SEC's position on SAB 121 seems to be unwavering. They are clearly unwilling to allow regulated financial institutions the ability to custody cryptocurrencies."

ChainCatcher news, the Federal Court of Australia ruled that Kraken's fiat margin expansion is subject to the Design and Distribution Obligations (DDO) under the Corporations Act, while cryptocurrency margin expansion is unrestricted.Kraken acknowledged this and has adjusted its margin products to restrict retail investors from engaging in fiat margin trading, while cryptocurrency margin trading remains unchanged.Kraken also called for clearer regulations for the cryptocurrency industry in Australia, stating that the current legal environment is detrimental to industry innovation and development.

ChainCatcher message, He Yi responded to the incident of restricting user accounts in the Palestinian region on X. He stated: "Only a few user accounts related to illegal funds have been banned from trading.As a global cryptocurrency trading platform, Binance, like other financial institutions, complies with internationally recognized anti-money laundering regulations. Binance will continue to educate users on how to trade safely and securely on the Binance platform.Most importantly, Binance hopes for lasting peace throughout the region."

ChainCatcher news, Mantle's PR head Igneus Terrenus responded on his social platform regarding the unlocking of platform tokens exchanged between Bybit and FTX. He stated that Bybit has never had CEX tokens. BIT is the governance token of BitDAO. The BIT held by Alameda is restricted from being transferred to MNT. Currently, both parties are undergoing legal proceedings.

ChainCatcher news, according to CoinDesk, wallets connected to at least 10 U.S. employees (engineers, directors, executives, chief lawyers) of Eigen Labs received airdrops worth hundreds of thousands of dollars from Renzo and Ether.Fi.Despite legal caution, many cryptocurrency projects exclude U.S. residents from token airdrops, and Renzo and Ether.Fi have also stated that they do not distribute airdrops to U.S. residents.

ChainCatcher news, according to Finance Magnates, HSBC's Australian branch has notified customers that it has started blocking payments to cryptocurrency exchanges as of July 24, citing fraud as the reason for this action.The bank stated: "From July 24, 2024, HSBC will block bank account and credit card payments to cryptocurrency exchanges to protect your safety."

ChainCatcher news, Dunamu, which operates the cryptocurrency exchange Upbit, announced on the 18th that in line with the implementation of the "Virtual Asset User Protection Act," the company has released the first transparency report for the South Korean cryptocurrency industry.According to the report, Dunamu has restricted the sale and exchange of cryptocurrency assets by employees' immediate family members on Upbit to maintain the fairness of trading order, enhance investor confidence, and has established the Upbit Market Monitoring System (UMO) to prohibit price manipulation on Upbit.In addition, Dunamu plans to publish a transparency report on the Upbit website annually.

ChainCatcher news, recently U.S. Senate Banking and Foreign Relations Committee member, Senator Bill Hagerty discussed several key issues in an interview with Bloomberg, including the potential future of cryptocurrency under a second Trump administration.Hagerty mentioned Trump's supportive stance on cryptocurrency, emphasizing its alignment with the recent Republican platform. He views cryptocurrency as a key issue in the upcoming November elections, stating, "I have spent a lot of time discussing this industry with the (former) president, and I believe that just this week, our Republican platform has reached a common vision."Hagerty criticized the Democratic Party's approach to cryptocurrency, calling it overly centralized and restrictive. He believes that Democrats oppose the decentralized nature of crypto technology. "Innovation will happen. Cryptocurrency has tremendous potential for the U.S. We have an innovative gene that surpasses any other country in this regard. We should leverage this and create an ecosystem that allows for it," he further pointed out.

ChainCatcher news, new CEO of io.net @MTorygreen announced on social media that his top priority is to ensure the successful launch of the IO token and lay the foundation for the project's future development.Starting today, the IO tokens of former CEO Shadid will be hosted on Ceffu. These tokens will be subject to a 1-year sales restriction from the date of listing. At the end of the 13th month after listing, 1/36 of the tokens will be available for sale, and the tokens will be unlocked, with 1/36 available for sale each month over the subsequent 36 months.

ChainCatcher message, Binance published an article explaining the implications of the MiCA stablecoin rules and how Binance will comply. The new stablecoin rules under the European Union's Markets in Crypto-Assets (MiCA) framework will take effect on June 30, 2024, impacting stablecoins and the broader digital asset market across the European Economic Area (EEA). Binance will restrict EEA users from using unauthorized stablecoins, implementing phased changes and product restrictions to ensure compliance and minimize market disruption. Binance's approach will be to transition users from unauthorized stablecoins to regulated stablecoins as the number of regulated stablecoins in the market increases, thereby smoothly achieving the goals of MiCA.

ChainCatcher news, according to BeInCrypto, starting from September 1, Russia will implement strict restrictions on the circulation of cryptocurrencies such as Bitcoin, allowing only the issuance of digital financial assets within its jurisdiction. The initiative is led by Anatoly Aksakov, chairman of the State Duma's Financial Market Committee. This is part of a broader effort by the government to control the crypto ecosystem amid escalating geopolitical tensions.Aksakov stated that the upcoming legislation aims to restrict non-Russian cryptocurrency businesses to strengthen the dominance of the ruble. The bill will establish exceptions for cryptocurrency miners and central bank-supported pilot projects within an experimental legal framework. This is because cryptocurrency mining has significantly increased Russia's tax revenue. However, State Duma member Anton Gorelkin clarified that Russia does not intend to completely ban cryptocurrencies. The restrictions will affect the establishment of cryptocurrency exchanges and other platforms that provide services for cryptocurrency trading.

ChainCatcher message, friend.tech announced on the social platform that starting next week, linking the X platform to friend.tech accounts will be optional, and new users will also be able to choose any unclaimed username during registration. If they want to purchase the keys of Twitter friends, they need to start checking the Twitter usernames displayed separately on their profiles.Friend.tech stated that there are two main reasons for this update: the friend.tech V2 version will be open to audiences outside of Twitter; and if existing users wish to receive their on-chain points on new accounts, the optional linking option will allow them to link their Twitter to new accounts before the V2 version is released.It is reported that after the new registration process is launched next week, friend.tech will provide further explanations through the X platform and its application.