ChainCatcher news, Telegram founder Pavel Durov stated in a post on his personal channel: "French media reported that my detention in France last summer ultimately forced Telegram to comply with European rules. This is purely fabricated.Telegram has always complied with EU laws. After last August, the French police sent requests to Telegram in accordance with the EU's Digital Services Act, and the French court obtained the IP addresses of criminal suspects from Telegram long before I was detained in France."

ChainCatcher news, according to Decrypt, a16z is urging the U.S. Securities and Exchange Commission (SEC) to update the crypto custody rules for registered investment advisers. In a formal letter submitted to the SEC's crypto working group, a16z stated that registered investment advisers should be able to directly hold cryptocurrency assets under specific conditions and within clearly defined safeguards. "The Commission should provide new guidance to facilitate custody arrangements for crypto assets, even if it is just a temporary measure before the Commission issues new rules."

ChainCatcher news, according to Reuters, despite China's ban on cryptocurrency trading, local governments are currently selling these digital assets in overseas markets through private companies to supplement fiscal revenue, a practice that has raised regulatory and compliance concerns. In 2023, the amount involved in cryptocurrency-related crimes in China surged to 430.7 billion yuan, with local government confiscation revenue reaching a record 378 billion yuan. Experts suggest that the central government consider centralized management of these assets, possibly emulating the Trump administration's establishment of a cryptocurrency reserve, or setting up a cryptocurrency sovereign fund in Hong Kong.

ChainCatcher news, LD Capital founder Jack Yi posted on the X platform stating that current Web3 investors are facing multiple dilemmas.The reasons for the decline of Web3 investors are as follows:First, the changes in lock-up rules, where investors generally face a strict lock-up period of "1+3", while exchanges, project parties, market makers, and KOLs are not subject to these restrictions;Second, the low success rate of investments, where even if 1 out of 5 projects succeeds in going public, the return must exceed 10 times to cover costs, and based on the current market capitalization of listed projects, this goal is difficult to achieve at the time of unlocking;Third, the "triangle dilemma" of "good projects, low valuations, and large amounts" that investors cannot have all at once.He also pointed out that many investors ultimately only receive a fraction of the amount, which not only may lead to financial losses but also poses a reputational risk.

ChainCatcher news, according to Solid Intel, Google will enforce cryptocurrency advertising regulations compliant with the Markets in Crypto-Assets Regulation (MiCA) in Europe starting from April 23, 2025.

ChainCatcher news, according to Coindesk, a New York judge has ruled that the civil securities fraud lawsuit filed by New York Attorney General Letitia James against Digital Currency Group (DCG) and its executives can proceed.The lawsuit was initiated in 2023, with defendants including DCG CEO Barry Silbert, the bankrupt subsidiary Genesis Global Capital and its former CEO Michael Moro, as well as the cryptocurrency exchange Gemini. Prosecutors allege that they collectively concealed a $1 billion asset shortfall at Genesis caused by the collapse of Three Arrows Capital. The defendants had previously sought to dismiss the lawsuit on the grounds that the prosecution lacked legal basis, but the court rejected that request, finding that the standard for the prosecution's allegations had been met.In previous news, DCG and its executives once again urged the New York Attorney General to withdraw the civil fraud lawsuit.

ChainCatcher News, President Trump has signed a bill that prevents the IRS from collecting tax data from decentralized cryptocurrency platforms, marking a historic move. This signifies the first time legislation specifically targeting cryptocurrency has become law in the United States.The bill was introduced by Republican Senator Ted Cruz (R-TX) under the Congressional Review Act, aiming to repeal the IRS's so-called "DeFi broker rule." The bill passed the Senate on March 26 with an overwhelming bipartisan support of 70-28 votes. Just two weeks prior, a similar version led by Congressman Mike Carey (R-OH) also passed with a similar "supermajority." The controversial DeFi broker rule was proposed in the final days of the Biden administration, requiring decentralized crypto entities (such as exchanges without central management) to comply with traditional IRS reporting requirements. Critics argue that this regulation is overly burdensome, potentially stifling innovation and severely hindering the growth of the DeFi industry."This regulation would undermine America's leadership in the cryptocurrency space, and I am grateful to President Trump for signing my resolution into law," Cruz told Crypto In America during the signing ceremony on Thursday afternoon. "This resolution is a victory for innovation, privacy, and economic freedom."

ChainCatcher message, this round of Binance Wallet's Mind Network exclusive TGE event has added a new participation requirement: users must hold qualified assets worth no less than $100 in their Binance Wallet non-key addresses and trading accounts for 7 consecutive days before the TGE date.

ChainCatcher news, Bitget announcement shows that in order to enhance the compliance and transparency of the BGB and burn plan, and to better empower the BGB ecosystem, Bitget Token (BGB) will update and upgrade the burn plan. According to the new rules, the quarterly burn amount of Bitget Token (BGB) will be linked to the "on-chain Gas fees." The new burn mechanism is based on the actual usage scenarios of BGB and ensures community transparency, with the "total amount of BGB used for Gas fees quarterly" being publicly available on-chain.Based on this burn rule, 30,006,905 BGB will be burned in the first quarter of 2025, accounting for approximately 2.5% of the total supply. The corresponding amount of BGB will be sent to the burn address, and the on-chain record will be published upon completion. According to CoinMarketCap data, the market capitalization of BGB is approximately 5 billion USD, ranking 25th. The current total supply is about 1.2 billion, and it is in a 100% fully circulating state.Bitget CEO Gracy Chen stated: BGB is becoming an important bridge connecting centralized and decentralized ecosystems. By linking the burn mechanism to actual on-chain usage, the quarterly burn amount of BGB will dynamically change with real usage. This update not only incentivizes broader usage but also builds a more transparent and sustainable token economic model. As BGB's role in the on-chain ecosystem continues to expand, the burn mechanism will also become more sustainable.

ChainCatcher news, according to the post-mortem report released by ACT officials, the ACT token experienced a significant drop in the past 24 hours, stemming from Binance's sudden adjustment of multi-currency leverage and margin rules, including ACT, between March 31 and April 1, which forced a large number of high-leverage positions to be liquidated, creating selling pressure.According to Binance's preliminary investigation, 4 users (including 3 VIPs) collectively sold over 1 million USD worth of ACT, triggering a chain liquidation. The team emphasized that there are no technical or internal control issues with the ACT project itself and will continue to focus on building AI and decentralized infrastructure, with progress to be announced at Token2049 at the end of the month.

ChainCatcher message, encrypted KOL 0xWizard posted on platform X discussing today's ACT price crash event. He stated: "Binance adjusted the rules, only giving three hours for market makers to close positions actively or passively, leading to a chain liquidation and a sell-off. From the initial position in ACT to being listed on Binance, and then to hitting stop-loss in spot trading, the maximum floating profit exceeded 10 million dollars, and today the overall profit after being hit was 1 million dollars. This is a lesson worth 10 million dollars."

ChainCatcher news, according to The Block, the U.S. Senate passed a bill on Wednesday evening to repeal the IRS's "broker" rule for DeFi platforms with a vote of 70-28. The bill has now been sent to President Trump for signing. White House crypto and AI czar David Sacks stated that Trump's senior advisory team plans to recommend that the president sign the bill.

ChainCatcher news, according to Cointelegraph, Turkey is advancing cryptocurrency regulation, formulating new rules for crypto asset service providers (CASPs).The Turkish Capital Markets Board (CMB) today released two regulatory documents regarding CASP licensing and operations, covering crypto trading platforms, custodians, and wallet service providers. This regulatory framework grants the CMB comprehensive oversight of crypto platforms to ensure compliance with domestic and international standards.Additionally, the framework sets the standards and requirements for establishing and providing crypto asset services in Turkey, including registered capital, management background, shareholder rules, and more.

ChainCatcher news, according to Cryptonews, the U.S. House of Representatives' fundraising committee passed a resolution by a vote of 26-16 to push for the repeal of the "DeFi Broker Rules." This rule was originally set to take effect in 2027, requiring decentralized exchanges and other digital asset brokers to report transaction details to the Internal Revenue Service (IRS).This repeal action occurs against the backdrop of a Republican-controlled Congress, with hundreds of pro-cryptocurrency candidates winning congressional seats, leading industry leaders to predict that the U.S. government may become the most cryptocurrency-friendly government in history.If this resolution passes in the House, it will be submitted to the Senate for approval, ultimately to be decided by President Donald Trump on whether to sign it into law.

ChainCatcher news, according to Jinshi reports, Nic Puckrin, the founder of The Coin Bureau, stated that current investor sentiment may have dropped to levels similar to or lower than those during the FTX collapse, with new meme coins and celebrity hype emerging daily.Puckrin added that the profits from these trades rarely flow back into the crypto space. "These funds are not being used to develop innovative products that help solve real-world problems, which is exactly what we all believe crypto and blockchain can do." He estimates that $6 billion in crypto liquidity has already been lost from the ecosystem due to meme coins.Meme coin trader Vic Laranja stated that meme coins are no longer about community, fairness, or opposing venture capitalists, but have evolved into an industrial complex aimed at extracting as much value as quickly as possible, which was not their original intent. Laranja mentioned that clear rules would be a catalyst for pushing the crypto space to the next level. Before that, he believes sentiment has already reached a trough.