ChainCatcher news, according to Cointelegraph, the Governor of the Northern Mariana Islands, Arnold Palacios, vetoed a bill that would allow the local government of this U.S. territory to issue stablecoins. In a letter dated April 11, Palacios stated that the bill has multiple legal issues and may be unconstitutional.The bill was originally intended to allow Tinian Island, with a population of just over 2,000, to issue a stablecoin called MUSD (Marianas US Dollar), which would be fully backed by cash and U.S. Treasury bonds held in the Tinian city government's treasury.Previously, the bill was unanimously passed by the Tinian delegation on March 12. If the bill had passed, the Tinian government would have become the first government entity in the U.S. to issue a stablecoin, ahead of Wyoming, which plans to launch a stablecoin in July.

ChainCatcher news, according to market data from RootData, VeThor Token (VTHO) has increased by 35.7% in the last 24 hours, currently priced at $0.0028.According to the Web3 asset data platform RootData, VeThor Token is one of the two tokens used by the VeChainThor public blockchain. The VeThor token is a VIP-180 standard token that represents the cost of using the VeChainThor blockchain. Its main purpose is to facilitate processes and transactions on the blockchain, essentially representing the smart contract layer of the network.

ChainCatcher news, according to the official announcement, Binance has announced that it will launch the VET/USDC and ZEN/USDC trading pairs on April 8, 2025, at 08:00 (UTC), and will also enable related trading bot services. Specifically, it includes:Spot algorithmic orders: VET/USDC and ZEN/USDCSpot grid and DCA trading: TON/USDC and TRX/USDC

ChainCatcher news, the South Dakota House Commerce and Energy Committee has decided to postpone the HB 1202 bill to the '41st day' of the current legislative session. However, the state legislative session lasts a maximum of 40 days, effectively vetoing the bill, which means the state will not be including Bitcoin as an official investment option for the time being.

ChainCatcher news, according to the announcement from Coinbase International Exchange, the AIXBT-PERP, PNUT-PERP, and VET-PERP markets are now fully open for trading on the Coinbase International Exchange and Coinbase Advanced platforms. Users can trade using various order types such as limit orders, market orders, stop orders, and stop-limit orders.

ChainCatcher message, Coinbase International announced that Coinbase International and Coinbase Advanced will increase support for AIXBT, PNUT, and VET perpetual futures. The AIXBT-PERP, PNUT-PERP, and VET-PERP markets will open on January 23, 2025, at 9:30 AM (UTC) or later.

ChainCatcher news, according to Jinshi reports, the elected President Trump stated that he may veto budgets or appropriations that do not comply with the newly established Department of Government Efficiency (DOGE).

According to ChainCatcher, as reported by The Block, a public court document submitted on November 14 reveals that Musk vetoed OpenAI's ICO plan in 2018.The document shows that Musk and his legal team stated that in early 2018, OpenAI's two founders, Sam Altman and Greg Brockman, wanted to launch a token to help the company become profitable, but Musk believed it would only damage the credibility of OpenAI and everyone associated with the ICO.OpenAI was originally a non-profit organization, and Musk joined OpenAI as co-chair of the board, investing $44 million in the startup. Musk even suggested merging OpenAI with Tesla to address the funding issues of the AI startup. However, Musk left OpenAI in February 2018 and founded his own AI company, xAI.

ChainCatcher news, blockchain security company SlowMist has issued a security alert, stating that suspicious activity related to the vETH token has been detected. SlowMist reminds users to stay vigilant and pay attention to asset security.According to Cyvers Alerts analysis, hackers caused losses of approximately $440,000 through price manipulation. The attackers first obtained funds on the BNB Chain via Tornado Cash, and then cross-chained to Ethereum through Bridgers.

ChainCatcher news, Standard Chartered Bank's Global Head of Digital Asset Research Geoff Kendrick believes that many of Trump's commitments to support cryptocurrencies will drive up Bitcoin. He expects that Trump will overturn Biden's veto of SAB121, a controversial accounting guideline from the U.S. Securities and Exchange Commission (SEC), which critics say prevents investment banks from offering cryptocurrency custody services on a large scale.Geoff Kendrick believes that Trump will quickly achieve this goal after taking office on January 20 next year, and he thinks this move will encourage more institutions to adopt cryptocurrencies.

ChainCatcher news, Brian, the long-term strategist and head of Wind Shift Capital Advisors, stated that he expects the stock market to experience turbulence over the next 12 months. This is because the Federal Reserve is unlikely to lower interest rates to very low levels as the market believes; borrowing costs may indeed rise from now on. This could suppress lending, slow down investment, and cause U.S. and global stock markets to decline by 7%-12%."I think the crisis we face is that when interest rates start to rise, the government will not be able to continue to boost the economy in a rising interest rate environment because they have already lost the support of the market," Brian said.Brian's prediction may seem counterintuitive for investors who have been pricing in significant rate cuts by the Federal Reserve. However, he stated that the U.S. economy faces too much inflationary pressure in the medium term to guarantee that the Federal Reserve will adopt aggressive easing policies. (Jin Shi)

ChainCatcher news, Minutes Network appoints former Rockstar co-founder Jamie King as Chief Marketing Officer.It is reported that Jamie King has over 20 years of experience in product innovation and marketing strategy. As a co-founder of Rockstar Games, Jamie King is known for his contributions to creative innovation and has received multiple awards for his work, including the BAFTA Lifetime Achievement Award in Video Games, the Gold Award for Chief Marketing Officer, the Tempest Esports Award, the Clio Award, and a nomination for "Outstanding Digital Innovation" at the 34th Sports Emmy Awards.

ChainCatcher news, according to CoinDesk, a court document released on Monday shows that a U.S. district judge has sided with the SEC in the case against mobile crypto wallet Rivetz for selling unregistered securities.Judge Mark Mastroianni granted the SEC's motion for summary judgment, a decision based on untested evidence.

ChainCatcher News, the U.S. SEC has won a lawsuit against Rivetz Corp and its CEO Steven Sprague related to their ICO. In an order on September 30, Massachusetts Federal Court Judge Mark Mastroianni agreed with the SEC's position that Sprague, through Rivetz, offered Ethereum-based Rivetz (RvT) tokens to the public in the U.S., constituting the sale of unregistered securities.The SEC sued the now-defunct blockchain hardware company and Sprague in September 2021, claiming they sold $18 million worth of Rivetz tokens to over 7,200 investors in 2017, with one-third of the investors located in the U.S. Both the SEC and Sprague did not dispute the key facts of the case, but Sprague (representing himself) claimed that the token was a software product, not an investment contract under the SEC's definition as per the Howey test.However, the judge wrote, "From the first announcement of the ICO to its completion, Rivetz and Sprague made statements to potential purchasers that explicitly linked the value of the RvT tokens to Rivetz's goal of creating a secure ecosystem for mobile devices."

ChainCatcher news, California Governor Gavin Newsom vetoed a controversial artificial intelligence bill SB 1047, stating that the bill would hinder innovation and fail to protect the public from the "real" threats posed by this technology.The bill, titled the "Frontier Artificial Intelligence Model Safety and Innovation Act," faced strong opposition from Silicon Valley. It proposed mandatory safety testing for AI models and other safeguards, which tech companies feared would stifle innovation.In a statement on September 29, Newsom said, "While the intentions are good," it could impose unnecessary restrictions on California's emerging AI companies. The bill focuses too much on regulating existing top AI companies without protecting the public from the "real" threats of new technologies. "On the contrary, the bill even adopts strict standards for the most basic functionalities—whenever a large system deploys it. I don't think this is the best way to protect the public from the real threats posed by this technology."

ChainCatcher news, Circle co-founder Jeremy Allaire announced that Bradley Horowitz has joined the Circle board.Bradley Horowitz is a seasoned product and business leader, entrepreneur, and renowned seed investor in Silicon Valley. Bradley was responsible for search and media infrastructure at Yahoo and led the development of several popular products at Google.Jeremy Allaire stated that Bradley's humility, enthusiasm, creativity, and wisdom will make significant contributions to the company, and he looks forward to working with him to advance the construction of a new infrastructure platform for the internet economy.

ChainCatcher news, K33 analyst Vetle Lunde stated on X that the exchange's liquidation data is far below the actual market liquidation volume. To provide a "fair trading environment" (Bybit, September 2021) and "optimize user data flow" (Binance, April 2021), Binance and Bybit have changed their liquidation WebSocket API to push liquidations once per second, instead of reporting all liquidations. OKX also pushes up to one order per second for each contract, and their data does not represent the total number of liquidations.The consequence of this is that over the past three years, market liquidation data has been severely underestimated.He stated that "the current liquidation data is relatively worthless as pure market information."

ChainCatcher news, according to CoinDesk, the U.S. House of Representatives voted on Wednesday whether to overturn President Joe Biden's veto of the resolution related to SAB 121, but it did not pass. The U.S. Securities and Exchange Commission's cryptocurrency accounting policy remains unchanged. One of the core Democratic negotiators on cryptocurrency legislation, Representative Maxine Waters, stated that the SEC and the banking industry are negotiating to change the controversial accounting policy.It is reported that SAB 121 was first issued in 2022 and has sparked controversy over the past year. It requires cryptocurrency custodians to record the cryptocurrencies held by clients as liabilities on their balance sheets. The crypto industry is concerned that this move could prevent banks from safeguarding digital assets.