ChainCatcher news, according to CoinDesk, Coinbase stated that it decided to delist wBTC due to "unacceptable risks" posed by Justin Sun. Last week, the issuer of wBTC, BiT Global, filed a broad lawsuit accusing Coinbase of improperly favoring its competitor cbBTC.However, in a 25-page response, Coinbase indicated that this decision was related to Justin Sun, the founder of the Tron blockchain, who has also been accused of fraud and market manipulation in the United States. According to Coinbase's documents, Justin Sun is linked to wBTC through a partnership announced in August. Coinbase stated, "Given Justin Sun's involvement, like many other companies in the industry, Coinbase has serious doubts about whether BiT can be a reliable manager."

ChainCatcher news, Pantheon macroeconomists Samuel Thomas and Oliver Allen stated that Federal Reserve officials are in a communication blackout ahead of the policy decision to be made this week, but they expect a unanimous decision to cut interest rates by 25 basis points. Federal Reserve Governor Waller indicated before the meeting that he leans towards a 25 basis point cut, which is the clearest policy comment among committee members. Economists anticipate that, given inflation stubbornly remains above target, pausing rate cuts will be the Federal Reserve's default option at the January meeting. (Jin Ten)

ChainCatcher news, Bybit will launch LUNAI/USDT and STREAM/USDT spot trading pairs.

ChainCatcher news, according to the Anhua Public Account, the EDA project that has emerged in the city has attracted significant attention. Investigations have revealed that there are major financial risk hazards, and citizens are urged to remain vigilant.It is reported that the EDA project claims to be launched by Hong Kong EDA Group Holdings Limited, promoting its business under the guise of "cross-border e-commerce and logistics companies" and other entities' traffic popularity. Members are required to pay an entry fee to purchase popular traffic to become "new recruits," with the value of popular traffic equivalent to the value in RMB.The project currently relies mainly on overseas or uncertainly secure virtual currency trading platforms for payments. The platform's funds are characterized by instability and difficulty in regulation. In the event of financial fraud or money laundering and other illegal activities, it will be difficult for the public to protect their rights.Analysis shows that the payment channels, operating model, and reward system of the EDA project have suspected pyramid scheme characteristics, posing significant financial risk hazards. Relevant departments will continue to closely monitor and take strong measures to combat such illegal activities.

ChainCatcher news, Avalon Labs (formerly known as Avalon Finance) announced on their official Twitter that a coordinated attack targeting multiple projects within the ecosystem has been discovered, with these projects being maliciously reported as phishing sites.Avalon Labs stated that its operations have not been affected and has reported this behavior to Cloudflare, actively reaching out to relevant parties to address such malicious accusations.

ChainCatcher news, Solana co-founder Anatoly Yakovenko stated that the rise of memecoins has put the Solana network to the test, making it more resilient and turning past disruptions into opportunities for innovation. He said, "Just like NFTs... we are fortunate to solve a bunch of engineering problems with memecoins, which will only make the network and all systems more robust."As for the popularity of memecoins on Solana, Yakovenko mentioned that he was initially surprised, but in hindsight, it doesn't seem so surprising. He said, "In almost all digital economies, entertainment is the largest area for making money... when I started to think back, it was almost obvious."

ChainCatcher news, according to a report by Yahoo News, Taiwan's renowned "anti-fraud goddess" Chen Mei-hui tragically passed away in a car accident on the Hsinchu section of National Highway 1 early yesterday morning, at the age of 35, leaving behind two young daughters. Chen Mei-hui had long served as a blockchain financial crime investigator at XREX cryptocurrency exchange, assisting the police in combating fraud. Her sudden death has sparked shock and anger in society and among law enforcement.According to reports, the Taichung District Prosecutor's Office, after receiving a tip-off, accused Chen Mei-hui of analyzing investigation materials provided by her boyfriend, a police officer surnamed Hsieh from the Criminal Investigation Bureau's Technology Crime Prevention Center, and suspected her of leaking confidential information. The two were taken back for questioning and released on bail of 30,000 New Taiwan Dollars, but a fatal car accident occurred on their way home. The Criminal Investigation Bureau expressed deep dissatisfaction with the case, questioning the motives behind the tip-off and the fairness of the judicial system, believing that the accusation against Chen Mei-hui stigmatizes anti-fraud workers.Chen Mei-hui was regarded as a top expert in the field of cryptocurrency crime tracking in Taiwan. During her lifetime, she was passionate about public welfare and promoted various anti-fraud initiatives, including the development of cryptocurrency tracking software and resource integration.

ChainCatcher message, UniSat posted on platform X that earlier today they encountered an issue where the indexing service of the Fractal network experienced data errors while synchronizing node transactions, causing some UniSat services on Fractal to be occasionally unavailable. These issues have now been investigated and resolved, and all services have returned to normal.

ChainCatcher news, according to Hong Wang reports, the People's Court of Jiahe County, Hunan Province recently made a ruling on a major dispute over a mining machine transaction. The case shows that the plaintiff, Pan Mouxiang, communicated with the defendant, Lei Moucai, via WeChat in November 2021 to purchase Bitcoin mining machines S19XP. After paying 23.678 million USDT, the two parties had a disagreement over the nature of the contract and the settlement price. The plaintiff requested the defendant to return the price difference of 6.27 million USDT and continue to deliver 149 mining machines.The court ruled to dismiss all of the plaintiff's claims based on two main reasons: first, according to the central bank and other departments' "Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading and Speculation," USDT and other virtual currencies do not have the status of legal tender, and related transactions are considered illegal financial activities.Secondly, based on the National Development and Reform Commission's "Notice on Rectifying Virtual Currency 'Mining' Activities," the energy consumption of mining activities is high, carbon emissions are significant, and economic contributions are low, which does not align with the national green development strategy. The court determined that the transaction contract was invalid due to violations of laws and regulations as well as public order and good customs, and the related losses would be borne by both parties.

According to ChainCatcher news and the China Court website, the People's Court of Xiangyin County, Hunan Province, recently heard a case involving the repayment of a loan with virtual currency. The court ruled that virtual currency does not have the same legal status and enforceability as legal tender, and the borrower's use of virtual currency to repay the debt is invalid.The case shows that the debtor, Wang, used virtual currency to repay a debt of 20,000 yuan through the "TR Foreign Currency Platform," which was later identified by public security authorities as being involved in virtual currency network pyramid schemes. The court cited the notice issued by the central bank and ten other departments in September 2021, titled "Notice on Further Preventing and Handling Risks of Speculation in Virtual Currency Transactions," and determined that the repayment behavior violated financial management order.The court emphasized that any legal person, non-legal person organization, or natural person investing in virtual currency and related derivatives in violation of public order and good customs will have their related civil legal acts deemed invalid, and any resulting losses must be borne by themselves. The final judgment of this case requires the debtor to fulfill the repayment obligation in legal tender.

ChainCatcher message, according to the official announcement, OKX has announced that it is upgrading the Fractal Bitcoin network services. Currently, the BRC20/NFT services on the OKX Web3 wallet for the Fractal Bitcoin network are temporarily unavailable. Users can use the services again after the upgrade maintenance is completed.

ChainCatcher message, Federal Reserve FOMC statement: The committee unanimously agreed on this interest rate decision. (Last meeting was 11-1) (Jin Shi)

ChainCatcher news, according to The Block, the Avalanche Foundation announced that it has completed the buyback of 1.97 million AVAX tokens held by the Luna Foundation, valued at approximately $52 million, officially ending its partnership with the collapsed Terra blockchain.This buyback was approved by the bankruptcy court, concluding the token redemption plan of the Avalanche Foundation since the failure of Terra. The Avalanche Foundation plans to use the funds from this buyback for community incentives, technology incubators, and ecosystem development, further promoting the continuous growth and innovation of the Avalanche network.

ChainCatcher news, according to Cointelegraph, cryptocurrency mining company Bitfarms CEO Ben Gagnon stated that if Trump reduces red tape and increases support and investment in energy and power infrastructure, the U.S. will solidify its position as the most competitive place for Bitcoin mining globally, making it absolutely possible and desirable for the U.S. to become the number one country for Bitcoin mining.However, he acknowledged that due to the decentralized nature of Bitcoin's infrastructure, it is impossible for the remaining Bitcoin mining to be concentrated in one country, making it impossible for 100% of Bitcoin to be mined in the U.S. or any other single country, which fundamentally contradicts the core principles of Bitcoin's creator, Satoshi Nakamoto.

ChainCatcher news, according to the official announcement, Binance stated that it has terminated the Binance retail referral program for Turkish users in accordance with local laws and regulations.In addition to terminating the referral program, there will be no other changes to the Binance.com website or application. All Turkish users can continue to access their products and services without interruption.