ChainCatcher news, according to Jinshi reports, the three major A-share indices collectively retreated, with the Shanghai Composite Index falling below 3300 points. By the close, the Shanghai Composite Index dropped 6.62%, the Shenzhen Component Index fell 8.15%, and the ChiNext Index decreased by 10.59%. More than 5000 stocks in the entire market declined, with a trading volume exceeding 2.9 trillion yuan.

ChainCatcher news, QCP Capital's latest analysis points out that the Chinese stock market has shown weak rebound after the long holiday, and the government report failed to introduce new economic stimulus measures. The MSCI Asia-Pacific stock index recorded its largest decline in a month. The US stock market also fell overnight, mainly affected by large tech stocks and geopolitical tensions, with the VIX index rising to 22 points.The cryptocurrency market's volatility remains stable, with recent implied volatility at 43%, which is 3 percentage points lower than the 7-day historical actual volatility. Previously, Bloomberg reported that since the end of September, Chinese investors may have sold USDT to fund stock purchases, while Bitcoin prices remained stable. As the rebound in the Chinese stock market weakens, it is expected that funds may be reallocated to the cryptocurrency market, reflecting the increasing maturity of the crypto industry as another risk asset.QCP believes that due to the upcoming earnings season and CPI data release, the stock market may face downward risks in the short term, which could challenge its high valuation. Geopolitical tensions further increase market uncertainty. QCP remains mid-term optimistic, expecting election-related news to continue to drive the cryptocurrency market.

ChainCatcher news, according to Protos, the blockchain e-cigarette project Puffpaw has sparked controversy for potentially increasing users' dependence on e-cigarettes. The project uploads users' smoking data to the Berachain blockchain through a "smoke and earn" mechanism and issues token rewards when usage decreases.The UK addiction treatment center UKAT warns that this gamification and crypto rewards could make users more addicted to vaping, and may even attract non-smokers, contradicting the original intention of quitting smoking.Additionally, social media users have reacted lukewarmly to the project, questioning its actual effectiveness and health implications.Previous news, the Berachain ecosystem DePIN project Puffpaw announced the completion of a $6 million seed round financing, with participation from Lemniscap Ventures. The Puffpaw project plans to launch a blockchain-enabled e-cigarette aimed at helping users reduce nicotine intake through token incentives.

ChainCatcher news, Binance CEO Richard Teng made a strong statement regarding the trial of company executives in a Nigerian court. Teng stated in the statement: "This inhumane treatment of Tigran must end. He should be allowed to return home for medical treatment and to reunite with his family."Previous news, according to DL News, ailing Binance executive Tigran Gambaryan pleaded with a Nigerian judge on Monday to allow him to undergo back surgery due to his herniated disc.

ChainCatcher message, Binance CEO Richard Teng once again stated that the company's employee Tigran has suffered severe physical and mental deterioration after being unjustly detained in Nigeria for six months. The Nigerian government has refused to provide adequate medical care and has prevented him from meeting with legal counsel. Richard Teng calls for the U.S. government to intervene and hopes that the voices of global citizens can urge the Nigerian government to release Tigran.

ChainCatcher news, according to Cointelegraph, U.S. presidential candidate Robert F. Kennedy Jr. recently proposed the idea of making Bitcoin a reserve asset for the United States. He stated that he would sign an executive order requiring the U.S. Treasury to purchase a total of 4 million Bitcoins.In response, Cardano founder Charles Hoskinson stated that while a strategic Bitcoin reserve could benefit price trends, if the U.S. Treasury were to control 19% of the BTC supply as he suggests, it would pose a significant centralization risk to Bitcoin.

ChainCatcher news, the Uniswap Foundation previously postponed a key vote that will determine whether to upgrade the governance structure and fee mechanism of the protocol to better reward holders of the UNI governance token.Although the Uniswap Foundation stated that this decision was "unexpected" and apologized for it, this is not the first time it has postponed a vote on whether to implement "fee switching." This is also not the only instance of a conflict of interest between token holders and other "stakeholders" of Uniswap.Crypto legal expert Gabriel Shapiro believes this is another example of DeFi protocols treating token holders as "second-class" citizens, with their wishes subordinated to those of a small group of stakeholders.

ChainCatcher news, according to DL News, the wife of Binance executive Tigran Gambaryan, who is imprisoned in Nigeria, and an informed source stated that the Nigerian Correctional Service, responsible for managing the Nigerian prison system, ignored a court order and refused to send Gambaryan, who is suffering from malaria and a severe throat infection, to the hospital for treatment. Instead, he is receiving treatment at the clinic in Kuje prison, which is poorly equipped and in urgent need of renovation.Gambaryan's wife, Yuki Gambaryan, is concerned that her husband's physical and mental health is deteriorating. Yuki said, "Despite the court's clear directive for him to be hospitalized, the authorities are not allowing him to leave the prison that caused his illness, which is very shocking and frustrating to me." Last Thursday, Gambaryan collapsed in court the day after his trial for money laundering in Nigeria's capital, Abuja.

ChainCatcher news, according to DLNews, Binance's financial crime compliance officer Tigran Gambaryan fainted during his trial for money laundering charges in a Nigerian court. Judge Emeka Nwite subsequently agreed to send him to Nizayime Hospital in Abuja for treatment.Gambaryan's wife Yuki condemned the unfair treatment by Nigerian authorities. She stated that Gambaryan was required to appear in court despite his serious condition and ultimately fainted in court. Yuki described the harsh conditions of Kuje prison, where Gambaryan is currently held, saying, "even the strongest person would find it hard to endure."It is reported that Gambaryan has been detained since April 8 for allegedly being involved in a $35 million money laundering case. During the hearing on May 17, the judge denied bail on the grounds of flight risk.Gambaryan's lawyer described his situation as "state-sanctioned kidnapping." The lawyer stated that the Nigerian government has increased control over Gambaryan because "Binance has no physical presence in Nigeria." Yuki also called for the authorities to release Gambaryan, who is in urgent need of medical assistance due to his illness, on humanitarian grounds.

ChainCatcher news, Uniswap founder Hayden Adams tweeted that the U.S. House of Representatives plans to vote on the FIT21 bill this week, a bipartisan bill aimed at regulating CeFi to prevent another FTX. The bill's stance on DeFi is that "in terms of decentralized finance, no one is bound by this act," while also proposing research on DeFi, similar to Europe's study on MiCA. Congress acknowledges the essential differences between CeFi and DeFi, which need to be studied and treated differently; this is a significant development and a clear step in the right direction for the U.S.

ChainCatcher news, according to Jin10, Federal Reserve Governor Barr stated that regulators are reviewing the regulatory treatment of certain types of deposits, including those related to venture capital or cryptocurrency businesses.

ChainCatcher news, according to CoinDesk, in a consultation document released on Thursday, the Basel Committee on Banking Supervision (BCBS) proposed to revise standards to allow stablecoins to be considered as lower risk than unsecured cryptocurrencies like Bitcoin.So far, the BCBS has taken a tough stance on cryptocurrencies, suggesting a maximum risk weight of 1250% for freely floating digital assets like Bitcoin, meaning banks must issue capital to match their risk exposure. Banks are also not allowed to allocate more than 2% of their core capital to these higher-risk assets. The BCBS stated in a statement that it would not make any changes to these standards.

ChainCatcher news, Binance co-founder He Yi stated during an AMA in the Binance Chinese community that some FUD rumors circulating in the market are not true. Binance has signed a treaty with the United States to establish a "Chu River and Han Border," and the platform just needs to stay away from U.S. users.