ChainCatcher news, the U.S. Securities and Exchange Commission (SEC) stated that Jump Trading subsidiary Tai Mo Shan Ltd. will pay $123 million to settle allegations of misleading investors by stabilizing the coin during the collapse of TerraUSD.The company, related to Jump's cryptocurrency division, made significant purchases during the collapse of TerraUSD to support the failed stablecoin's peg to $1, thereby deceiving the market. The SEC accused Tai Mo Shan of negligence, noting that it executed trades worth $20 million that created a false impression of TerraUSD's stability.The regulator also emphasized the company's role in underwriting TerraUSD's sister token Luna, claiming it was involved in the issuance of unregistered securities.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has charged Jump Trading's wholly-owned subsidiary Tai Mo Shan with misleading investors regarding the stability of Terra USD (UST), a so-called "algorithmic stablecoin" issued by Terraform Labs PTE Ltd. (Terraform).The Commission also accused Tai Mo Shan of acting as a statutory underwriter by issuing and selling securities in unregistered transactions, with LUNA being the cryptocurrency asset issued by Terraform, treated as securities for issuance and sale.As part of a settlement agreement, Tai Mo Shan agreed to pay $73,452,756 in illegal gains, $12,916,153 in pre-judgment interest, and $36,726,378 in civil penalties. Tai Mo Shan neither admits nor denies the findings of the SEC's investigation and agrees to cease violations of registration and fraud provisions.

ChainCatcher news, the French financial market regulator Autorité des Marchés Financiers (AMF) has approved the French bank BPCE to conduct cryptocurrency business.According to the official notice released by the AMF on December 20, BPCE's cryptocurrency subsidiary Hexarq has obtained authorization as a Crypto Asset Service Provider (CASP). With this approval, Hexarq is officially authorized to provide a range of crypto services, including crypto custody, as well as the buying, selling, and trading of cryptocurrencies against euros.

ChainCatcher news, UBS stated that the Federal Reserve's next interest rate move will be guided by economic data. Although major global markets have reacted negatively to changes in the Federal Reserve's rate cut cycle next year, the Fed will continue to monitor economic conditions and various data before taking any action.UBS said, "We believe that the Federal Reserve still relies on data, and future economic indicators will continue to play a crucial role in determining the Fed's next steps." Key indicators such as the Fed's preferred inflation measure, PCE inflation, will play a critical role in shaping central bank policy, with data set to be released this Friday. However, UBS expects inflation to slow in the coming months, which could impact the Fed's policy outlook. Additionally, employment data will remain an important factor as the Fed assesses the strength of the labor market and the overall resilience of the economy. (Jin Shi)

ChainCatcher news, Nexon's Web3 subsidiary Nexpace plans to establish an independent office in Abu Dhabi next year and significantly expand its development team. Nexpace has already begun personnel transfers this year, and as of this month, about 10 employees are working in Abu Dhabi.

ChainCatcher news, the first LaunchX project Fuel Network (FUEL) on Bitget opened for subscription yesterday. As of the time of writing, the subscription channel has been open for 24 hours, with over 100,000 participants.Here are the details of this subscription:• LaunchX total supply: 275,000,000 FUEL• Exchange price: 1 FUEL = 0.02 USDT• Individual investment limit: 5,000 USDT• Subscription time: December 17, 2024, 10:00 to December 19, 2024, 10:00 (UTC+8)• Allocation phase: December 19, 2024, 10:00 to 18:00 (UTC+8)• FUEL/USDT spot trading launch time: December 19, 2024, 18:00 (UTC+8)

ChainCatcher news, the Bitget LaunchX project Fuel Network (FUEL) is now open for subscription. The total amount for LaunchX is 275,000,000 FUEL, with an exchange price of 1 FUEL = 0.02 USDT. The investment currency is USDT, and the individual investment limit is 5000 USDT. The subscription period is from December 17, 2024, 10:00 to December 19, 2024, 10:00, and the allocation phase is from December 19, 2024, 10:00 to 18:00.The FUEL / USDT spot trading on Bitget will go live on December 19, 2024, at 18:00.

ChainCatcher news, the Bitget LaunchX project Fuel Network (FUEL) is now open for subscription. Here are the details of this subscription:• LaunchX total supply: 275,000,000 FUEL• Exchange price: 1 FUEL = 0.02 USDT• Individual investment limit: 5,000 USDT• Subscription time: December 17, 2024, 10:00 to December 19, 2024, 10:00 (UTC+8)• Allocation phase: December 19, 2024, 10:00 to 18:00 (UTC+8)• FUEL/USDT spot trading launch time: December 19, 2024, 18:00 (UTC+8)Recently, Bitget officially launched the innovative token distribution product LaunchX. Through LaunchX, users can acquire tokens in the early stages of high-quality projects and participate in project growth.

ChainCatcher news, Meme ecosystem KOL Murad posted on platform X that people can see through the rhetoric of conspiracy groups, bundling, and centralized currencies. In fact, investors need decentralized, substantial "organic coins," which are filled with pure-hearted individuals who will persevere and achieve victory.

ChainCatcher news, according to Shanghai Securities Journal, Huabao Overseas Technology Stock Securities Investment Fund (QDII-LOF) has announced the suspension of subscription and regular investment business, and the date for resuming the subscription and regular investment business of this fund will be announced separately.Previously, according to community user feedback, the homepage of Alipay users in mainland China displayed advertisements for cryptocurrency fund products, which has been verified as the Huabao Overseas Technology C (QDII-FOF-LOF) fund. This fund invests in ETFs under ARK Invest through QDII, indirectly holding Coinbase stocks and the Ark Bitcoin Spot ETF, with a daily purchase limit of 1,000 RMB per person.

ChainCatcher news, Bitwise CEO Hunter Horsley revealed on social media that a Spanish bank has allocated 2% of its funds managed through its fund to the Bitwise Aptos Staked ETP (trading code: APTB) listed on the Swiss Stock Exchange (SIX). Horsley stated that an increasing number of professional investors from financial institutions are entering the cryptocurrency space, and crypto assets are gradually moving towards mainstream adoption.

ChainCatcher news, according to a report by Bloomberg, in a filing on October 31, MicroStrategy stated that "the significant decline in Bitcoin's market value could have a material adverse effect on our financial condition, potentially posing liquidity and credit risks to our business operations, as our means of obtaining cash are limited aside from the revenue generated by our enterprise analytics software business." MicroStrategy did not immediately respond to requests for comment on the matter.

ChainCatcher news, according to Jinshi Data, UBS released a research report stating that due to Trump's trade threats against BRICS countries, the dollar index has surpassed 106, but the current valuation appears to be overly high. Although the outlook for the dollar still seems bright, UBS analysts suggest that investors take advantage of the dollar's strength to reduce their dollar exposure in the short term.Market attention is turning to key economic events this week, including Federal Reserve Chairman Powell's speech on Wednesday and Friday's non-farm payroll data. According to data from the Chicago Mercantile Exchange, the market expects a 75% probability that the Federal Reserve will cut interest rates by 25 basis points in December. NatAlliance Securities' head of international fixed income, Brenner, stated that this data will determine whether the Federal Reserve will cut rates this month.Regarding the euro, influenced by the French government's facing a vote of no confidence, the euro fell nearly 0.8% against the dollar on Monday, marking the largest single-day decline in nearly a month. The three-month implied volatility of the euro rose to 8.172%, reaching a two-year high. The yield spread between French and German bonds has risen to a 12-year high, reflecting increasing market concerns about political risks in the eurozone.

ChainCatcher news, after months of investigation by the U.S. federal government into Block's compliance practices, Cash App has decided to terminate the Bitcoin transfer feature via user tags, raising concerns among users about the app's ability to handle risks.Cash App announced on its help page that it will "no longer support sending and receiving Bitcoin between $cashtags starting December 20, 2024." The company noted that users can still send and receive Bitcoin using the Lightning Network or the Bitcoin blockchain.An inspection by the Wayback Machine in October showed no such notification. Furthermore, this change appears to only affect Bitcoin transfers and does not seem to impact other services, such as sending stocks or cash via the unique identifier cashtags.

ChainCatcher news, according to Hong Kong media Xin Bao, SC Ventures, a subsidiary of Standard Chartered, revealed that its tokenization platform Libeara will launch a dollar-tokenized money market fund in Singapore this month, initially on the Ethereum mainnet. Alexandre Deschatres, the head of business development at Libeara, stated in an interview that before a full on-chain launch, they will assess the liquidity of U.S. Treasury bonds with Wellington Asset Management and Fundbridge.

ChainCatcher news, according to Nikkei, the Japanese cryptocurrency exchange DMM Bitcoin will cease operations and sell its assets to a subsidiary of SBI Group.Due to the theft of Bitcoin worth 48.2 billion yen that occurred at the end of May this year, which led to restricted services, the company has abandoned its plans for restructuring. Customer assets held by DMM Bitcoin are expected to be transferred to SBI Group's cryptocurrency exchange SBIVC Trade around March 2025.

ChainCatcher news, Gate Web3 Startup has launched the PinGo (PINGO) free airdrop subscription, with the current progress at 121,726.97%. In the recent Startup project voting, PinGo ranked first, accounting for more than half of all votes.According to the official announcement, Gate Web3 Startup will open the PinGo (PINGO) airdrop subscription from November 27, 2024, 15:00 to November 29, 15:00 (UTC+8), with a total subscription amount of 1,600,000 PINGO. Currently, 4,636 people have participated in this event, raising a total of 4,427,210 GT, and the subscription progress has reached 121,726.97%.As the first AI + DePIN project based on the TON network, PinGo aims to redefine the way to acquire computing resources, datasets, and artificial intelligence.

ChainCatche news, the encrypted trading platform Legend Trading's subsidiary Legend Financial Ireland Limited has been approved by the Central Bank of Ireland as a Virtual Asset Service Provider (VASP). Additionally, Legend Trading is applying for a Crypto Asset Service Provider (CASP) license under the Markets in Crypto-Assets Regulation (MiCA). In Ireland, VASPs registered and operating before December 30, 2024, can continue their business under the transitional provisions set by MiCA while submitting their CASP authorization application.

ChainCatcher news, according to News1, South Korean telecom giant SK Telecom's subsidiary SK Planet announced a business agreement with Animoca Brands to collaborate on its marketing platforms such as OK Cashback and Syrup. In the future, SK Planet plans to establish processes for OK Cashbag and Syrup members to experience various services of Mocha Bus and provide Animoca Brands' Mocha Coin during events.

ChainCatcher news, the fully encrypted network Mind Network based on FHE has officially launched the FHE voting feature and verification network Hubs today at 16:00. Users can participate in voter registration with zero barriers or use vFHE to participate in Hubs delegation.Mind Network is incubated by Binance Labs and recently announced the completion of a $10 million Pre-A round of financing. Last month, it launched the voting product MindV based on fully homomorphic encryption (FHE). The newly launched MindV Hubs include two foundational module networks: FCN (Consensus Network) and FDN (Decryption Network), as well as the fully homomorphic encryption random number generator RandGen.Existing vFHE holders can participate in delegation and earn rewards. MindV Hubs are temporarily open for 10,000 early voter slots, and registration does not require holding vFHE. Additionally, future Hubs partners have been previewed, including InfStones, KIP Protocol, Rivalz Network, Lumoz, CARV, DIN, and Inferix.Mind Network is the first Web3 fully encrypted infrastructure based on FHE, providing end-to-end encryption for AI and Web3 networks through innovative fully homomorphic encryption, and offering solutions for data sovereignty protection, fair consensus, encrypted voting, and secure cross-chain transfers.