ChainCatcher News, the U.S. Securities and Exchange Commission's cryptocurrency working group has announced the agenda and panel members for the roundtable meeting on April 11, themed "Regulating Cryptocurrency Trading: Between Lockdown and Dilemma." Commissioners Hester Peirce and Caroline Crenshaw, along with Acting Chair Mark Uyeda, will attend. The participants include:Nicholas Losurdo, Partner at Goodwin Procter LLP;Tyler Gellasch, President and CEO of Healthy Markets Association;Jon Herrick, Chief Product Officer at the New York Stock Exchange;Richard Johnson, CEO and Founder of Texture Capital;Dave Lauer, Co-Founder of Urvin Finance and We the Investors;Katherine Minarik, Chief Legal Officer at Uniswap Labs;Christine Parlour, Chair of the Finance and Accounting Department at the University of California, Berkeley;Chelsea Pizzola, Deputy General Counsel at Cumberland DRW;Austin Reid, Global Revenue and Business Lead at FalconX;Gregory Tusar, Vice President of Institutional Products at Coinbase.

ChainCatcher news, according to the popularity index data from the Web3 asset data platform RootData, as of April 7 at 16:00, the FHE (Fully Homomorphic Encryption) project Mind Network ranks first in both the Web3 popularity surge list and the AI sector.Mind Network announced yesterday that the project token is $FHE and has launched an airdrop query covering five major categories of users. Recently, Mind Network launched a trusted ecological product for Agentic AI on BNBChain called AgenticWorld, with nearly 40,000 people registered and received an Agent.Mind Network is committed to building a verifiable and trusted secure ecosystem for Agents, promoting Web3 into the Agentic era. The project has previously completed a $12.5 million financing round, with investors including well-known institutions such as YZi Labs and Animoca.In addition, RootData has launched the first "Web3 Popular Projects Ranking." This ranking is based on 4.3 million real user behavior data, weighted by factors such as search frequency, project click volume, user voting, and social platform popularity and influence, reflecting the project's popularity in real-time, helping users capture real market dynamics and improve the accuracy of investment decisions.

ChainCatcher news, Hong Kong Securities and Futures Commission (SFC) Executive Director of the Investment Products Division, Ms. Cyd Ho, stated today at the Hong Kong Web 3 Carnival that the SFC will issue a circular today allowing licensed virtual asset trading platforms to provide staking services, including staking for virtual asset spot ETFs.Staking allows investors to lock up their virtual assets to support blockchain networks and earn returns, but due to associated risks, the SFC will implement additional safeguards, including requiring licensed platforms to custody the staked virtual assets and setting a cap on the proportion of virtual assets that can be staked for spot ETFs to manage liquidity risks.Ms. Ho also mentioned that the SFC is expanding the range of eligible virtual asset underlying assets. Initially, virtual asset spot ETFs focused mainly on Bitcoin and Ethereum, but now more virtual assets meet the criteria for retail trading on licensed platforms, paving the way for diversification of ETF products, such as a single ETF tracking a basket of virtual assets.

ChainCatcher message indicates that based on SoSoValue data, under the market panic triggered by "peer-to-peer tariffs," the cryptocurrency market has suffered a heavy blow, with a total market capitalization decrease of 8.18%. The cryptocurrency sector has generally seen a decline of about 4% to 12% over the past 24 hours, with Ethereum (ETH) dropping 11.71% in 24 hours, falling below the $1600 mark and erasing gains made over the past 18 months. Bitcoin (BTC) fell by 5.11%, briefly dropping below $78000 during trading.In other sectors, the CeFi sector dropped 4.95% in 24 hours, with Hyperliquid (HYPE) down 9.30%; the Layer1 sector fell by 7.74%, with Solana (SOL) and Cardano (ADA) down 10.95% and 10.46% respectively; the Layer2 sector decreased by 8.92%, the PayFi sector fell by 9.75%, and XRP dropped by 10.04%; the DeFi sector declined by 10.27%, with Chainlink (LINK) and Uniswap (UNI) down 11.41% and 11.91% respectively; the Meme sector fell by 10.35%.Additionally, the cryptocurrency sector indices reflecting historical performance show that ssiDeFi, ssiMeme, and ssiSocialFi fell by 11.26%, 10.49%, and 10.27% respectively in 24 hours.

ChainCatcher message, according to SoSoValue data, the Ethereum spot ETF had a net outflow of $49.93 million last week (Eastern Time from March 31 to April 4).The Ethereum ETF with the highest net inflow last week was Fidelity's Ethereum ETF FETH, with a weekly net inflow of $6.42 million, bringing FETH's historical total net inflow to $1.41 billion.The Ethereum ETF with the highest net outflow last week was Grayscale's Ethereum Trust ETF ETHE, with a weekly net outflow of $31.08 million, bringing ETHE's historical total net outflow to $4.2 billion. Following that was Blackrock's Ethereum ETF ETHA, with a weekly net outflow of $20.17 million, bringing ETHA's historical total net inflow to $4.05 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $6.16 billion, with an ETF net asset ratio (market cap relative to Ethereum's total market cap) of 2.80%, and the historical cumulative net inflow has reached $2.36 billion.

ChainCatcher message, Pershing Square Capital Management founder and CEO Bill Ackman posted on the X platform stating, "I just figured out why U.S. Treasury Secretary Howard Lutnick is indifferent to the stock market and economic collapse. He is long on bonds with Cantor. When our economy collapses, he profits. It’s a bad idea to have someone who holds a large amount of fixed income bonds as Secretary of Commerce. There is an irreconcilable conflict of interest."

ChainCatcher news, according to Eleanor Terrett, White House officials revealed that federal agencies must report their cryptocurrency holdings to Treasury Secretary Scott Bessent by tomorrow (April 7, Eastern Time). However, the executive order only requires the report to be submitted to Bessent and does not mandate the public disclosure of the audit results. It is currently unclear whether this information will be made public or when it might be.

ChainCatcher news, according to Jinshi reports, U.S. Secretary of Commerce Raimondo stated that the tariff implementation date will not be delayed and will take effect on April 9.

ChainCatcher News: The U.S. Securities and Exchange Commission (SEC) will hold its second roundtable on crypto regulation on April 11 from 1 PM to 5 PM ET, with the theme "Tailored Regulation for Cryptocurrency Trading."

ChainCatcher news, a group of well-known figures from the technology and finance industries are heading to Trump's Mar-a-Lago estate in Florida to attempt to "discuss common sense" regarding his proposed tax policies.According to reports, sources disclosed the information to veteran U.S. tech journalist Kara Swisher. Swisher posted on the social platform Threads, stating, "The millions of dollars they (donated for the president's) inauguration are now turning into tens of billions, and soon could be trillions in losses." Swisher also added that Tesla CEO Elon Musk has "become one of their targets." The specific identities of these well-known figures have not yet been revealed. However, it has been reported that due to the technology industry's heavy reliance on manufacturing, computer chips, and IT services from countries like China and India, Trump's tariff policies have severely impacted tech stocks.

ChainCatcher news, according to Bloomberg, during this week's stock market crash, U.S. Treasury Secretary and former hedge fund executive Scott Basset received a steady stream of text messages from Wall Street executives. Several hedge fund managers and financial executives hoped he could persuade Trump to withdraw the tariff policy, as he previously served as Chief Investment Officer at Soros Fund Management and is seen as a potential "market-oriented" ally.However, sources revealed that Basset is not the architect of the tariff policy; he is more involved in analyzing the impact of different tariff levels on the market and the economy during White House meetings. The policy was ultimately crafted by a small group within Trump's inner circle, with many key decisions finalized at the last moment.Currently, Trump's push for "Made in America" economic policies is clashing with Wall Street interests that have long relied on global trade, and even some Republican lawmakers have begun to issue warnings about the tariff policy.

ChainCatcher news, according to Decrypt, the City of London Police has partnered with the law firm Gowling WLG to launch a civil asset recovery scheme. This scheme primarily targets cases that cannot be prosecuted criminally, providing victims of cryptocurrency fraud with the opportunity to recover their assets. Previously, the UK police successfully recovered stolen cryptocurrency worth £520,000 (approximately $671,000) for an 80-year-old man in a pilot project.

ChainCatcher news, according to The Block, Acting Chair of the U.S. Securities and Exchange Commission (SEC) Mark T. Uyeda instructed agency staff on Saturday to review several previously issued employee statements regarding the application of securities laws to cryptocurrency investments and digital assets. This directive was issued under Executive Order 14192 (titled "Promoting Prosperity Through Regulatory Relief") and in response to recommendations from the Department of Government Efficiency (DOGE). Uyeda stated that the statements would be reviewed to determine whether they need to be "modified or rescinded" to align with the SEC's current priorities.The specific statements under review include: the 2019 guidance on whether digital assets constitute securities, which involves how to assess whether digital assets fall under securities through the "Howey Test"; the 2021 statement on Bitcoin futures, which advised investors to exercise particular caution when investing in mutual funds involving the Bitcoin futures market, emphasizing the speculative nature of the market, risks of market manipulation, liquidity constraints, and volatility, especially within mutual funds; and the 2022 guidance following cryptocurrency bankruptcy events, which required crypto companies to transparently disclose risks related to the crypto market, highlighting impacts on investors, including custody risks, liquidity issues, reputational damage, and regulatory scrutiny.Additionally, Uyeda also instructed the review of a risk alert issued in February 2021, warning investors about the "unique risks" of trading digital assets, as well as a 2020 statement regarding Wyoming allowing state-chartered trust companies to custody digital assets.

ChainCatcher message, Hyperliquid co-founder @chameleon_jeff responded on X to concerns that "the Hyperliquid protocol may suffer significant losses due to market manipulation":Hyperliquid's margin design strictly ensures the platform's solvency through mathematical mechanisms, with HLP's losses always limited to its own treasury, and the protocol's operation never relying on HLP------this feature existed prior to the JELLYJELLY incident. The newly added protective mechanisms after the incident only optimize HLP's loss resistance in backup liquidation, and the underlying architecture of the protocol has not changed. In the recent JELLYJELLY incident, an attacker attempted to manipulate HLP (liquidity provider pool) by establishing a massive long and short position on themselves. Although the unliquidated contract limit at that time allowed for the establishment of a position worth 4 million USDC, the logical flaw was that HLP used its entire fund balance as collateral for this liquidation. It should be clarified that the platform itself does not face solvency risks, but HLP did face excessive risk exposure due to market manipulation.Currently, HLP's liquidation component treasury has set a collateral limit, restricting potential losses through the backup liquidation mechanism. Hyperliquid still maintains its original operating mechanism, processing under-collateralized positions in the following order: 1) market liquidation 2) backup liquidation 3) automatic deleveraging (ADL). The current backup liquidation of HLP has added protective mechanisms by setting loss limits, making the cost of manipulating the mark price far exceed the limited gains that can be obtained from HLP.

ChainCatcher news, according to Decrypt, the London police have partnered with law firm Gowling WLG to launch a civil asset recovery program. This program primarily targets cases where criminal prosecution is not possible, providing victims of cryptocurrency fraud with the opportunity to recover their assets.Previously, the UK police successfully recovered £520,000 (approximately $671,000) in stolen cryptocurrency for an 80-year-old man as part of a pilot project. This recovery operation was made possible by updates to the Proceeds of Crime Act 2002, which granted police the power to freeze stolen digital assets.Gowling director Bríd Holden stated that they hope to increase victims' willingness to report incidents through this collaboration. The partnership will coordinate the recovery efforts between the police, victims, and their legal representatives to combat organized crime groups.

ChainCatcher news, according to Coingape, U.S. Treasury Secretary Scott Bessent stated in an interview with Tucker Carlson that Bitcoin is becoming an "emerging store of value." He compared Bitcoin to gold, emphasizing that both have value storage properties.

ChainCatcher News, NBC host Stephanie Ruhle said on the 4th that U.S. Treasury Secretary Scott Basset can no longer tolerate the Trump administration's "absurd (reciprocal) tariff algorithm" and is planning to resign.Ruhle stated on the "Morning Joe" television program, "My sources say that Basset has been acting differently in the Trump administration. In terms of Trump's inner circle, Trump is not close to Basset at all and does not listen to him." Ruhle added, "Someone told me he is looking for an exit and an opportunity to go to the Federal Reserve. Because in the past few days, he has really been damaging his credibility and track record in the market." Basset himself has not yet responded to the matter.

ChainCatcher news, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has released new regulations clarifying that certain stablecoins do not fall under the category of securities and may be exempt from trading reporting obligations. Some analysts believe that the stablecoins covered by the SEC's new regulations may not include those issued by Tether, as the SEC pointed out that acceptable reserves for stablecoins do not include precious metals or other crypto assets, both of which are included in Tether's reserves.In addition, the SEC also requires that any token must be redeemable for U.S. dollars at any time, but Tether's terms of service suggest that there may be minimum redemption amounts or delays in redemption.

ChainCatcher News, the U.S. Securities and Exchange Commission's Division of Corporation Finance has issued a statement regarding stablecoins, indicating that under current regulations, certain types of crypto assets (i.e., "Covered Stablecoins") are not considered securities. Individuals involved in the "minting" and redemption processes of stablecoins are not required to register these transactions with the Commission under the Securities Act, nor do they need to comply with any of the registration exemptions under the Securities Act.Covered Stablecoins are designed to maintain a stable value relative to the U.S. dollar or "USD" on a one-to-one basis, and can be redeemed for U.S. dollars on a one-to-one basis (i.e., one stablecoin for one dollar). They are backed by assets held in reserve that are considered low-risk and liquid, with a dollar value that meets or exceeds the redemption value of the stablecoins in circulation. These stablecoins are primarily used for payments, transfers, and store of value, and are not intended as investment tools, with their sale and trading not involving the provisions of securities laws.