ChainCatcher news, according to Bloomberg, DraftKings Inc. has agreed to pay $10 million to settle a lawsuit that accused the sports entertainment company of violating state and federal securities laws in the sale of NFTs.According to the brief, the proposed settlement funds will be distributed to users who purchased, held, or sold DraftKings NFTs from August 11, 2021, until the judgment takes effect.

ChainCatcher message, according to PeckShieldAlert monitoring, the address 0x588f...a3d3 was liquidated when the WBTC price fell below $85,000, with a total of 42.3 WBTC (approximately $3.71 million) being forcibly liquidated.

ChainCatcher message, according to PeckShieldAlert monitoring, the address 0x678f...4954 was liquidated when the weETH price dropped to about $2,478, with a total of 1,850 weETH (approximately $4.54 million) being forcibly closed.

ChainCatcher news, Wormhole has launched the Solana-based intent protocol suite Wormhole Settlement, enabling rapid cross-chain transfers at an institutional scale. Wormhole Settlement consists of three complementary protocols: the Liquidity Layer (an institutional-grade intent protocol built on Solana), Mayan Swift (an on-chain auction intent protocol optimized for speed), and MCTP (a protocol combined on top of Circle's CCTP). By integrating Wormhole Settlement, developers can now allow users to exchange assets with high reliability and complete composability.

ChainCatcher news, U.S. court documents show that the SEC, along with Justin Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry, has jointly filed a motion in the Southern District of New York Federal Court to suspend the SEC's fraud lawsuit against Sun and Tron to consider "potential resolutions."The documents indicate that suspending the lawsuit is in the interest of all parties, will not harm any party or the public, and can avoid a court ruling on Tron’s motion to dismiss the lawsuit, thereby saving judicial resources. If the judge approves, the case will be suspended for 60 days, during which both parties must submit a joint status report.The SEC sued Sun and his affiliated companies in 2023, accusing them of market manipulation, fraud, and issuing unregistered securities. This application is similar to the SEC's handling of the Coinbase and Binance cases, which may indicate that both parties are approaching a settlement.

ChainCatcher news, according to the official announcement, Binance will resume the funding fee settlement frequency for the BANUSDT U perpetual contract on February 26, 2025, at 12:00 PM (Beijing time). The funding fee settlement frequency will be adjusted from every two hours to every four hours, specifically at 12:00 PM, 4:00 PM, 8:00 PM, and 12:00 AM the next day (Beijing time).This adjustment is a further optimization measure following Binance's adjustments on February 12, 2025, regarding the leverage, maintenance margin tiers, and funding fee settlement frequency for the BANUSDT U perpetual contract. This adjustment will affect all users trading the BANUSDT U perpetual contract.

ChainCatcher message, according to PeckShieldAlert monitoring, the address (0x588f...a3d3) was liquidated when the Bitcoin price dropped to around $86,000, resulting in a loss of 118.18 WBTC, approximately $1.58 million.

ChainCatcher news, according to OKX's official announcement, OKX's Seychelles subsidiary has reached a settlement today with the U.S. Department of Justice regarding an investigation, acknowledging that due to historical deficiencies in compliance controls, a small number of U.S. customers had traded on the company's global platform.Under the settlement agreement, OKX has agreed to pay a fine of $84 million and to forfeit approximately $421 million in revenue obtained from U.S. customers during this period, most of which came from a small number of institutional clients.In this settlement, there are no allegations of customer harm, no charges against any company employees, and no appointment of a government monitor. OKX stated that it will strengthen its Know Your Customer (KYC) system and Customer Risk Rating (CRR) system, expand its Enhanced Due Diligence (EDD) program, deploy industry-leading Anti-Money Laundering (AML) and sanctions tools, and has already formed a professional investigation team of over 150 members for this purpose.

ChainCatcher message, according to the official announcement, Binance contracts will adjust the funding fee settlement frequency for the BANUSDT U perpetual contract on February 24, 2025, at 16:00 (UTC+8). The funding fee settlement frequency will be changed from once every four hours to once every two hours.

ChainCatcher news, according to Lookonchain monitoring, as the market declines, a giant whale has been liquidated again for 7,511 cWBTC, worth 14.43 million dollars. This giant whale had experienced three liquidations during the market crash in 2022, totaling 74,426 cWBTC (worth 32.82 million dollars) liquidated.

ChainCatcher message, according to the official announcement, Binance Futures will adjust the funding rate settlement frequency for the ARKUSDT U perpetual contract on February 18, 2025, at 00:00 (UTC+8). The funding rate settlement frequency will be changed from once every eight hours to once every four hours.

ChainCatcher news, according to the official announcement, Binance Futures will update the leverage and margin tiers for the LAYERUSDT U-margined perpetual contract on February 12, 2025, at 12:45 (UTC+8). Existing positions before the update will not be affected. Users are advised to refer to the updated leverage and margin tiers to avoid forced liquidation.Binance Futures will adjust the funding fee settlement frequency for the LAYERUSDT U-margined perpetual contract on February 12, 2025, at 12:45 (UTC+8). The funding fee settlement frequency will be changed from once every eight hours to once every four hours.

ChainCatcher news, according to the official announcement, OKX plans to adjust the funding fee settlement frequency of the MEUSDT perpetual contract to every 4 hours starting from February 10, 2025. The original funding fee settlement frequency was every 8 hours, with the platform settling the funding fees at 0:00, 8:00, and 16:00 daily.When the funding fee settlement frequency is adjusted to every 4 hours, the platform will settle the funding fees at 0:00, 4:00, 8:00, 12:00, 16:00, and 20:00 daily.

ChainCatcher news, according to Solid Intel, French prosecutors have stated that the case involving Telegram founder Pavel Durov will take at least a year to reach the court trial stage, and it is too early to negotiate a settlement.

ChainCatcher news, according to PR Newswire, FTX has reached a settlement with venture capital firm K5 Global, resolving the lawsuit filed by FTX in June 2024. FTX stated that both parties will work together to maximize recovery for FTX stakeholders.The Chapter 11 reorganization plan approved by FTX's U.S. bankruptcy court became effective on January 3, 2025, and the initial distribution is expected to be completed within 60 days.

ChainCatcher news, LayerZero CEO Bryan Pellegrino posted on social media, "After more than two years and millions in legal fees, we have reached a settlement agreement with the FTX estate.Ultimately, we decided this is not a confrontation between us and FTX, although we felt we had every reason to do so, but rather a confrontation between us and the creditors. The original repurchase amount has been returned to the FTX estate. I'm glad to no longer be frequently on calls with lawyers and can focus all my energy on building."

ChainCatcher news, the Russian government and the central bank announced the successful trial of the digital ruble in budget settlements. The central bank and the Ministry of Finance had conducted closed-door tests of the digital ruble's budget operations by the end of 2024.According to reports, despite opposition from the country's commercial banking sector, the central bank still hopes to launch the currency in early July this year, stating that testing "is ongoing," but did not disclose any details about the pilot "budget" transactions.The Ministry of Finance stated that there are currently no plans to use the digital ruble to pay government funds to citizens and has repeatedly mentioned the use of the digital ruble to "ensure the targeted use of budget funds."

ChainCatcher news, according to Coinglass data, if Bitcoin breaks through $104,000, the cumulative short liquidation intensity on major CEXs will reach $538 million. Conversely, if Bitcoin falls below $101,000, the cumulative long liquidation intensity on major CEXs will reach $628 million.

ChainCatcher news, according to Cointelegraph, the American sports betting site DraftKings has reached a settlement with the NFL Players Association, which had previously accused the platform of failing to pay for the use of NFL players' likenesses in NFTs.DraftKings and the NFLPA stated in a joint letter to New York Federal Judge Analisa Torres on January 27 that they have mediated the lawsuit and have reached a settlement in principle "before reaching a final settlement agreement." Both parties requested a 60-day pause in the litigation, aiming to complete the settlement by March 28. The specific details of the settlement have not been disclosed.Judge Torres had previously handled the SEC's lawsuit against Ripple, and the final settlement agreement requires her signature.