Rari

Truth Terminal Founder: The personally held GOAT will not be sold for now and will temporarily safeguard the AI's wallet

ChainCatcher message, Andy Ayrey, the founder of the AI robot Truth Terminal, posted on the X platform:I hold 1.25 million GOAT, which were given to me by others; I airdropped a portion of them to friends and AI researchers, and since it started to go crazy and attract hype (both good and bad), I haven't made any trades------I know too much about how it works internally, and it's not fair;The wallet of truth_terminal is managed by me and will be transferred to a legal entity (trust or similar) designed to meet its needs; no adjustments will be made to its token holdings until a transparent governance process is in place;truth_terminal wrote all the tweets itself. I did not inject information into its prompts;There are many nuances regarding how language models work, the evolution of AI personalities, and how audience capture affects agency behavior (the "out-of-the-box" thinking), which are difficult to communicate. Misunderstandings about this could lead to significant price fluctuations, and I will not adjust or liquidate any of my GOAT positions until I publish the roadmap for ToT (entity) and related projects, along with a research paper that delves into this process and statements from artists regarding the broader project and narrative.The token is a community meme generated around my work, and while I certainly hope to benefit from it, trading for personal gain using my insider knowledge of how the token operates goes against my integrity and broader mission. I am making this disclosure to protect those who may have followed the hype after seeing it, who might not fully understand all the cross-system dynamics at play here.

The U.S. SEC accuses the DeFi platform Rari Capital of unregistered securities issuance and reaches a settlement

ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission (SEC) has reached a settlement regarding its charges against the DeFi platform Rari Capital. The SEC found that the company and its co-founders misled investors and did not register as brokers. The SEC stated that Rari Capital's co-founders Jai Bhavnani, Jack Lipstone, and David Lucid told investors that their managed Earn platform allowed investors to lend tokens to earn returns, which would "automatically and autonomously rebalance" their cryptocurrencies instead of doing it manually, but the company was sometimes unable to do so. The SEC also indicated that they were involved in "unregistered broker activities" related to the Fuse platform. The SEC noted that the two platforms held over $1 billion in crypto assets at their peak. Certain Earn platform investors were also eligible to receive Rari governance tokens, which the agency claimed were unregistered securities.As part of the settlement agreement, Rari Capital Infrastructure LLC, which acquired Rari Capital in 2022, agreed to cease future violations of securities laws, and Rari's co-founders agreed to pay fines and are banned from serving as executives and directors for five years. According to previous reports, the lending platform Fuse was hacked in May 2022, resulting in the theft of $80 million. Rari Capital subsequently halted new deposits and began to gradually shut down the Fuse platform.

The Reserve Bank of Australia strategically focuses on the research and development of wholesale CBDC, while the retail version is temporarily postponed

ChainCatcher news, according to Coindesk, the Reserve Bank of Australia (RBA) has released a strategic statement announcing that it will prioritize the development of wholesale central bank digital currency (CBDC) while postponing plans for a retail version of CBDC. RBA Assistant Governor Brad Jones pointed out in the statement that wholesale CBDC shows more significant potential benefits compared to retail CBDC and faces relatively fewer challenges.In a subsequent policy speech, Jones emphasized: "Our top priority is to collaborate with the industry to initiate the wholesale CBDC and commercial bank deposit tokenization projects. The research focus will center on new distributed ledger technologies, 'programmability,' and 'atomic settlement,' assessing their potential impact on the Australian financial system and macroeconomy."According to the latest research report released by the RBA, no clear benefits have been found for the public from a retail CBDC, mainly because Australia's existing retail payment system already meets citizens' needs well. However, the RBA and the Treasury stated that as international experience accumulates and domestic research deepens, this assessment may be adjusted over time.To this end, the RBA and the Treasury plan to conduct extensive public consultations on retail CBDC in 2025 and will continue in-depth research and empirical experiments over the coming years. The two departments have committed to jointly releasing a comprehensive report in 2027 that systematically explores the potential advantages of retail CBDC and the specific forms it may take.
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