ChainCatcher news, according to DL News, the U.S. Securities and Exchange Commission (SEC) has charged Texas fund manager Khalid Parekh with illegally investing $18.5 million of client funds in cryptocurrency without client consent.According to the SEC, from August 2021 to August 2022, Parekh raised $18.5 million from 373 investors across 40 states through his sole proprietorship Fair Invest. He primarily attracted investors from the American Muslim community through radio shows, podcasts, and media interviews, claiming that his fund complied with Islamic law.Parekh promised investors an annual return of 4%, claiming that these returns came from traditional assets such as stocks, mutual funds, commodities, and ETFs. However, the SEC's charges indicate that he actually invested client funds in two cryptocurrency lending platforms without informing investors.During the SEC investigation, Parekh returned client funds along with the promised 4% returns. Additionally, he agreed to pay a $100,000 fine and revoked his SEC registration as an investment advisor.

ChainCatcher message, the Chief Investment Officer of Goldman Sachs Private Wealth stated: "We do not recommend investing in cryptocurrencies as an asset class."

ChainCatcher message, Meme Godfather Murad posted on the X platform, stating that investing in Meme coins is essentially investing in the community. The key is to find a community with the following characteristics:People who work hard every day;More than 6 months old;Has withstood multiple significant drops;Number of holders increasing every month;Target amount exceeding $20 billion;Large distribution + diamond hands

ChainCatcher news, South Korean financial regulators have banned the issuance of cryptocurrency ETFs for spot and futures products, while also rejecting funds that invest in crypto companies, including exchanges.A head of an asset management company stated that they have been preparing to launch a fund investing in virtual asset companies since the end of last year, but have yet to receive approval from local regulators.Meanwhile, an official from the FSS acknowledged the growing demand for Bitcoin investment but stated that regulatory measures would not be relaxed unless there is a change in the government's current policies.

According to ChainCatcher news, as reported by the Guangming Daily, the Ministry of State Security announced a case on November 8: Wang XX, a former public official at a sensitive unit, was considered a good young man by his unit and family. However, due to losses in virtual currency investments, he incurred huge debts and was lured and incited by foreign espionage intelligence agencies, gradually leading him down the path of crime.Through investigations by the national security agency, it was discovered that Wang XX provided top-secret and confidential national secrets to the other party, obtaining espionage funds equivalent to over 1 million yuan through methods such as virtual currency recharge and trading. Ultimately, Wang XX was sentenced to life imprisonment for espionage by the people's court, with lifelong deprivation of political rights.The unit where Wang XX worked did not strictly implement confidentiality management systems and protective measures, providing an opportunity for Wang XX to steal and supply secrets to foreign espionage intelligence agencies. The national security agency, in conjunction with relevant departments, will carry out joint law enforcement work on Wang XX's unit and order it to rectify within a specified time.

ChainCatcher news, SushiSwap announced the launch of the Memecoin launch platform Vesting Launch, which features a linear vesting function. Tokens will be gradually released to buyers who purchase within 24 hours after the token creation. This ensures that buyers have the exact same experience as early purchasers, preventing snipers and pump-and-dumpers from ruining promising tokens in the initial hours after creation. After 24 hours of the token going live, trading will be completely normal with no restrictions. When purchasing tokens, the tokens bought by users will be released linearly within the first 24 hours after the launch. If a user buys 100 tokens 12 hours after the launch, the balance will show 50 tokens, and the dashboard will display the full balance after vesting.SushiSwap stated: "The introduction of linear vesting is just the beginning of our goal to make memecoin trading more fun and sustainable. Countless promising tokens are sniped and dumped within minutes of their release, ruining their chances of gaining an audience. We are addressing this issue."Additionally, SushiSwap released a disclaimer: Trading on the launchpad carries certain risks, including the possibility of losing funds. Always conduct your own research and understand the market before trading. Sushi does not provide any financial or legal advice and does not endorse any specific tokens, so please trade cautiously.

ChainCatcher news, Zhao Changpeng stated during an interview at the main venue of the Dubai Binance Blockchain Week that Binance has been doing well during his absence, and even if he is allowed to return, he may not actually go back. He is now focused on educating and investing in cryptocurrencies, AI, and biotechnology.He mentioned that while he was in prison, no inmates "troubled him," some guards were a bit harsh, but it did not cause any issues, and he was fortunate not to suffer any physical harm. After serving his sentence, he found that other inmates had long sentences, and his "4 months" was already the shortest.

ChainCatcher news, according to Mena FN, the decentralized research institution KaJ Labs, focused on advancing AI and blockchain technology, has committed to investing $75 million to develop the on-chain enterprise platform of Atua AI, to accelerate the growth and expansion of Atua AI, enabling the platform to provide advanced AI-driven solutions for businesses in the Web3 ecosystem.The $75 million commitment will be used to support infrastructure development, strategic partnerships, and platform enhancements to ensure scalability, security, and seamless automation. Atua AI aims to provide tools that streamline workflows, enhance productivity, and automate operations for businesses and developers by combining blockchain technology and AI.

ChainCatcher news, according to Onchain Lens monitoring, a MKR whale previously lost about 1 million dollars in MKR and is now heavily investing in SPX and MOG.In the past two days, this whale has accumulated 1,284,056 SPX with 102 ETH (266,000 dollars) and 540,000 USDT, with an average purchase price of 0.627 dollars, realizing a floating profit of 184,000.Additionally, this whale purchased 466.28 billion MOG with 100 ETH (264,000 dollars) and 72,200 USDT, with an average purchase price of 0.00000211 dollars, realizing a floating profit of 45,000 dollars.

ChainCatcher news, Saakuru Labs and Memecore announced the establishment of a joint foundation with an initial fund of $10 million, aimed at investing in and acquiring meme coin communities and games within the Saakuru and MemeCore ecosystems.This strategic collaboration will enhance the decentralized application (dApp) ecosystem on the Saakuru Layer 2 protocol while increasing activity on the Memecore Layer 1 protocol. With this funding, both companies will leverage their expertise in blockchain gaming to expand the gaming sector and nurture the next generation of Web3 gaming projects.

According to ChainCatcher news and a report by Cointelegraph, Aspen Digital's latest report shows that interest in cryptocurrencies among private wealth in Asia is significantly increasing. The survey indicates that 76% of Asian private wealth has already ventured into digital assets, with another 18% planning to invest in the future, totaling up to 94%.The report surveyed 80 family offices and high-net-worth individuals in the Asia region, most of whom manage assets ranging from $10 million to $500 million. This is a significant increase compared to just 58% of respondents involved in digital assets in 2022. Among the respondents who have invested in cryptocurrencies, 70% have less than 5% of their portfolio in digital assets. However, some investors have increased their allocation to over 10% in 2024.The survey also found that Asian private wealth is increasingly interested in the profit opportunities brought by blockchain technology applications. Two-thirds of respondents expressed interest in decentralized finance (DeFi), and 61% showed concern for artificial intelligence and decentralized physical infrastructure networks (DePIN). Additionally, with the approval of spot Bitcoin ETFs in the U.S. and Hong Kong, 53% of respondents gained exposure to cryptocurrencies through funds or ETFs.

ChainCatcher news, global tier-one crypto venture capital firm K24 Ventures today announced the launch of its active on-chain secondary fund, with an initial fund size of $5 million, focusing on secondary market trading of on-chain digital assets. The fund's investment strategy will combine various screening tools such as on-chain research, whale analysis, and community consensus, with a particular focus on early meme coin projects.K24 Ventures believes that meme coins have become an important part of crypto culture, widely recognized by users, institutions, and major trading platforms, thus possessing significant investment potential. The fund plans to achieve substantial returns in the future through investments in on-chain assets and early meme coins.Founded in 2019, K24 Ventures' primary venture capital fund focuses on multiple areas within the crypto industry, including infrastructure, DeFi, AI, GameFi, and early investments in the Bitcoin ecosystem. In addition, K24 Ventures provides comprehensive support services for its investment projects, covering global KOL promotion, community building, market traffic strategies, and listing guidance, to assist in the long-term development of projects.

According to ChainCatcher news, as reported by CoinDesk, Bitcoin mining companies are at a critical crossroads: they can choose to pivot towards artificial intelligence (AI) and high-performance computing (HPC) to boost their stock prices, or they can stick to their core Bitcoin mining business and expand their market share while facing sluggish stock prices.In September, the largest market cap mining companies, MARA Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK), all increased their share of the total Bitcoin mined. These companies have stronger balance sheets and larger mining operations, which help them cope with the decline in profitability following the Bitcoin halving in April. However, investors have not rewarded these companies' stocks with a premium, and their performance remained lackluster in September.In contrast, mining companies focusing on AI and HPC, such as Core Scientific (CORZ), TerraWulf (WULF), and IREN (IREN), have seen their stock prices outperform Bitcoin. The halving in April reduced Bitcoin mining rewards by 50%, intensifying competition in mining and narrowing profit margins.Additionally, the recently approved spot Bitcoin ETF in the U.S. has also diminished investors' interest in mining stocks. Instead, investors are rewarding those mining companies that utilize part of their data centers to host AI and HPC-related machines for revenue diversification.AI and HPC computing require a significant amount of electricity, and Bitcoin miners have already secured these resources, making them ideal candidates for rapidly expanding AI and HPC companies. In September, the stock prices of large-cap mining companies rose by 4% to 9%, while those associated with AI and HPC saw price increases of up to 25%.

ChainCatcher news, according to Money Today, the National Pension Service (NPS) of South Korea has clarified that its investments in companies like Coinbase and MicroStrategy are not aimed at investing in cryptocurrencies such as Bitcoin. Instead, these companies were included in the NPS portfolio by chance, related to their presence in the benchmark index tracked by the NPS or decisions made by external managers under trust management.The agency stated that any decisions to sell or limit investments in crypto-related stocks are determined by the Fund Management Committee. This committee is responsible for approving any restrictions on investments in specific industries or corporate groups and adjusts the benchmark index as needed before implementing such changes.Previous news reported that the National Pension Service of South Korea increased its indirect exposure to Bitcoin by acquiring MicroStrategy shares.

ChainCatcher live report, at the Solana 2024 Breakpoint conference, Flash Trade co-founder Anas Khader stated that three new features will be launched later this year.He mentioned that their token will be launched later this year, and there will be no linear team vesting schedule. The team will only receive tokens when new products or features are launched, which will be managed by the token holders.