ChainCatcher news, the founder of the fragmented protocol Floor Protocol @FLC_FlooringLab posted on the X platform stating that he lost 20 million dollars in assets on FTX, and may receive some compensation, but SOL was valued on the day of the collapse, while FTT and SRM were valued at 0.

According to ChainCatcher news, the official announcement states that the gradual release is considering including the asset list for future grayscale investment products, which includes Kaspa (KAS), Aptos (APT), Arbitrum (ARB), Celestia (TIA), Celo (CELO), Core (CORE), Cosmos (ATOM), Internet Computer (ICP), Mantle (MNT), Metis (METIS), Neon (NEON), Optimism (OP), Polygon (POL ex. MATIC), Sei (SEI), Starknet (STRK), Toncoin (TON), TRON (TRX), Aerodrome (AERO), Ethena (ENA), Injective Protocol (INJ), Jupiter (JUP), Mantra (OM), Ondo Finance (ONDO), Pendle (PENDLE), THORChain (RUNE), Dogecoin (DOGE), Immutable (IMX), Akash (AKT), Arweave (AR), Artificial Superintelligence Alliance (FET), Helium (HNT), Pyth (PYTH), UMA Project (UMA), VeChain (VET), Worldcoin (WLD).

According to ChainCatcher news, Ethena Labs has announced that it has determined the RWA allocation plan for the reserve fund. After evaluation by the risk committee, four standout assets were selected from 25 proposals: BUIDL (Blackrock/Securitize), USDS (Sky), USTB (Superstate), and USDM (Mountain).The risk committee is composed of five industry-leading risk and consulting firms, including Gauntlet, Block Analitica, Steakhouse, Llama Risk, and Blockworks Advisory. The allocation of the reserve fund is expected to take place in the coming days, during which the reserve fund balance may experience temporary fluctuations.The risk committee will continue to monitor these allocations and provide regular risk updates to the community. This RWA allocation aims to optimize the asset allocation of the Ethena reserve fund, improving the efficiency and security of fund utilization. A detailed decision review can be found on the official governance forum of the Ethena Foundation.

ChainCatcher news, according to CoinDesk, the Dubai Virtual Assets Regulatory Authority (VARA) is one of the regulatory bodies for the cryptocurrency industry in the United Arab Emirates (UAE). The authority stated that it has fined seven "entities" for operating without the required licenses and violating marketing regulations.VARA did not disclose the names of these entities and stated that it is investigating them in collaboration with local authorities. The fines for each entity range from 50,000 dirhams (13,600 USD) to 100,000 dirhams. The statement said: "All relevant entities have been instructed to immediately cease all activities and stop any marketing or advertising of virtual asset services." VARA indicated that this move also serves as a public warning to everyone to avoid dealing with any unlicensed companies.

ChainCatcher news, the TON network has officially connected to Telegram's first decentralized multi-chain wallet UXUY. This is the 17th public chain that UXUY has integrated, following ecosystems like Bitcoin Lightning Network, Ethereum, BNB Chain, BASE, and TRON. The integration of the TON network will significantly improve the interoperability of Telegram's multi-chain ecosystem and lower the trading threshold for assets on the TON chain.UXUY is the next-generation decentralized multi-chain infrastructure incubated and invested by Binance Labs, providing multi-chain DApp access services and an application center based on the Telegram ecosystem, and offering comprehensive support such as technology and traffic for qualified DApps through the Puzzle Plan.UXUY is committed to enhancing the liquidity of long-tail assets and providing a better trading experience for Telegram's idle assets. Currently, the total locked value (TVL) of the TON ecosystem is $395 million. UXUY actively introduces native crypto assets through its multi-chain advantages, contributing to the further increase of Telegram's ecosystem TVL.UXUY founder Kevin stated, "Long-tail assets on the TON network are on the rise, and these DApps will enrich the user experience and application scenarios in the crypto world. UXUY will continue to build the infrastructure on the Telegram chain and unleash the enormous development potential of the TON network."

ChainCatcher message, WBTC has completed its transition to a geographically distributed custody structure. According to the cooperation agreement between BitGo and BiT Global, the control of the underlying Bitcoin will now be shared among Singapore, Hong Kong, and the United States.The new custody structure uses a multi-signature protocol, requiring two signatures to approve any transaction and transfer funds from the wallet. After successfully transitioning to multi-jurisdictional custody, BiT Global issued the following statement: "With a diversified jurisdiction that includes the United States, Hong Kong, and Singapore, we ensure that no single jurisdiction/entity controls the custody of WBTC assets."

ChainCatcher news, the Securities and Exchange Commission (SEC) of Thailand has proposed new regulations allowing mutual funds and private funds to invest in digital assets, in line with international developments and to meet the growing interest of institutional investors. A draft proposal released on Wednesday is seeking public comments on the revision of standards for funds investing in digital assets.The SEC proposed allowing securities firms and asset management companies to provide services to large investors interested in investing in crypto-related products (such as ETFs), creating more opportunities for investors to diversify their portfolios under expert management.

ChainCatcher news, according to Decrypt, the Criminal Assets Bureau (CAB) of Ireland has stated that it has been unable to access the Bitcoin seized from drug dealer Clifton Collins since 2020. These Bitcoins are currently worth approximately $378 million and are stored in 12 wallets. Collins claims that the file containing the wallet seed phrases was lost during a burglary. He began investing in Bitcoin in 2011 when the price ranged from $0.30 to $29.The CAB seized these Bitcoins in 2020, when they were valued at around $56 million. The Irish High Court ruled that these assets were derived from criminal activity and ordered their transfer to the CAB. However, due to the inability to access the wallets, these Bitcoins have remained frozen for the past four years. During this time, the price of Bitcoin has risen from about $9,000 to over $62,000, significantly increasing the value of this seized Bitcoin.

ChainCatcher news, QCP Capital stated that the Chinese stock market continued to decline today, with the China A50 index dropping another 7%, down 17% from recent highs. The lack of fiscal stimulus has severely impacted investor sentiment. However, the U.S. stock market has not been affected by developments in Asia. Despite uncertainties surrounding the U.S. elections and the exclusion of interest rate cuts in 2024 following the non-farm payroll report, the U.S. stock market continues to rise to new highs. The bond market currently expects two rate cuts in 2024, down from three just a week ago.Despite the escalating turmoil in the Middle East and domestic challenges related to the U.S. elections, the U.S. stock market continues to steadily climb, reaffirming the view that risk assets are poised for a rebound. In the cryptocurrency market, the Meme coin sector has surged with increased on-chain and off-chain trading activity. Traders are heavily speculating and leveraging the latest popular Meme coins, leading to some bubbles in the market.In the past two weeks, the perpetual contract funding rates on exchanges like Deribit and Binance have also risen, indicating that short positions are decreasing or long positions are increasing. This, along with the bubble in the Meme coin market, keeps it vigilant for potential downturns, as such situations often occur when the market is bullish and investors are least guarded. Even in the face of short-term uncertainties and declines, we still plan to continue accumulating, with a bullish mid-term outlook.

ChainCatcher news, according to Cointelegraph, FTX has filed a motion seeking court approval for a settlement agreement with former Alameda Research head Caroline Ellison.Ellison has agreed to transfer assets not seized by the government or used for legal fees to FTX creditors. The motion states that once the terms are met, Ellison will only retain certain personal tangible property. She has also committed to cooperating with FTX's investigations and lawsuits, sharing information she obtained regarding Alameda and her relationship with Sam Bankman-Fried.FTX stated that this settlement agreement would allow creditors to recover "almost all recoverable assets," and Ellison's cooperation would provide significant value.A hearing on the proposed settlement is scheduled for November 20.

ChainCatcher news, Canadian listed company DeFi Technologies released its financial report for the period ending September 30, 2024. Its subsidiaries Valour Inc. and Valour Digital Securities Limited have assets under management reaching $561 million, a 49% increase year-to-date. As of September 30, 2024, the company has a cash balance of approximately CAD 19.7 million (USD 14.6 million), loans payable of about CAD 13.5 million (USD 10 million), and holds 204.3 BTC. Other treasury assets include: 81.3 ETH, 246,683 ADA, 86,616 DOT, 5,745 SOL, 491 UNI, 433,322 AVAX, and 2,755,203 CORE.

ChainCatcher news, according to Cointelegraph, European Central Bank Executive Board member Piero Cipollone proposed the concept of a European ledger, a unified European digital asset ledger to centralize digital assets and funds in Europe, thereby improving efficiency and synergy. He stated that Europe’s traditional capital markets are fragmented and need to overcome inconsistent legislation, but there is an opportunity to create a unified platform for digital assets. He referred to this platform as the Digital Capital Markets Union.Cipollone noted that over 60% of banks in the EU are exploring or experimenting with Distributed Ledger Technology (DLT), and another 22% are already using it. He stated at a seminar hosted by the German central bank that while DLT offers an opportunity to create financial integration, it does not guarantee it. On the contrary: "The non-interoperable technological ecosystems of each country or region, shaped by different regulatory regimes, create isolated liquidity pools of assets, further exacerbating fragmentation."

ChainCatcher news, according to Hong Kong 01 report, the CEO of the Hong Kong Securities and Futures Commission (SFC), Ashley Alder, stated in an interview that the development of a regulatory framework for virtual asset trading platforms is being advanced, supporting the tokenization of traditional products, and utilizing blockchain and Web3 foundational technologies, with the entire framework expected to be completed at least by next year.Regarding virtual asset trading platforms (VATP), Alder mentioned that the SFC has issued the third license to the Hong Kong Virtual Asset Exchange (HKVAX), with the other two licensed platforms being OSL Exchange and HashKey Exchange. Additionally, there are 11 platforms that are considered applicants for licensing; Alder indicated that the first phase of on-site inspections has been conducted, and requirements have been proposed for these applicants to rectify issues, with the goal of making new progress by the end of the year, including the issuance of licenses in batches.In terms of over-the-counter (OTC) services, Alder stated that the SFC has developed a new licensing regime for cryptocurrency OTC services and their custody services, and is seeking industry opinions.

According to ChainCatcher, as reported by Cointelegraph, the U.S. government filed two legal lawsuits on October 4, beginning the process of seizing over $2.67 million in digital assets stolen by the North Korean hacker group Lazarus Group.According to legal documents, the U.S. government is seeking to recover approximately $1.7 million in USDT that the group stole during the Deribit hack in 2022, where $28 million was taken from the options exchange. After successfully hacking Deribit's hot wallet, the hackers mixed the funds through the Tornado Cash mixer and multiple Ethereum addresses.U.S. law enforcement officials are also seeking to recover approximately $970,000 in Avalanche-bridged Bitcoin (BTC.b), which was stolen by the Lazarus Group during a hack of the Stake.com gambling platform in 2023. This malicious attack resulted in losses of over $41 million for Stake.

ChainCatcher news, according to The Block, the discounted token sales from FTX's bankrupt assets continue to attract investor attention. Investors have snapped up millions of tokens from several projects, betting that these assets are undervalued and may have long-term upside potential.The largest holding of FTX's assets is 41 million locked Solana (SOL), currently valued at approximately $6 billion. The asset management team sold these tokens in batches at a discounted price ranging from $64 to $110 in April and May. The current trading price of SOL is about $142, and investors who bought in, such as Pantera Capital, Galaxy Trading, and Figure Markets, have already realized paper profits.The FTX asset management team plans to auction 22.3 million locked Worldcoin (WLD) tokens, valued at approximately $38 million. Despite concerns from investors about the length of the lock-up period, the auction remains competitive, with WLD trading at "slightly above $1." The current trading price of WLD is about $1.78.The FTX asset management team has also sold Metaplex (MPLX) tokens, which several crypto funds subsequently purchased at a discount from Wave Digital Assets.Investors indicate that they are focused on high-quality assets and projects led by visionary founders. Despite the risks, the appeal of discounted tokens and potential returns make many investors consider these investment opportunities worthwhile.

According to ChainCatcher news and data from the Hong Kong Stock Exchange, the total assets under management of three Bitcoin spot ETFs in Hong Kong reached HKD 2.06 billion, among which the two Ethereum ETFs managed by OSL's Huaxia Fund and Harvest International have a total AUM of over HKD 1.276 billion, accounting for 62%; another spot Ethereum ETF has a total AUM of approximately HKD 784 million, accounting for about 38%.

ChainCatcher news, the Secretary for Financial Services and the Treasury, Christopher Hui, chaired the fourth meeting of the Financial Technology Project Execution Coordination Group. He stated that the Hong Kong government and financial regulatory bodies have been strongly supporting the development of financial technology, including improving financial infrastructure, building a more vibrant fintech ecosystem, nurturing fintech talent, and facilitating discussions among participants on various aspects of fintech, including how to further integrate virtual assets into mainstream financial markets and the application of artificial intelligence in Hong Kong's financial markets. Cyberport and the Financial Management Bureau reported on the green and sustainable fintech concept validation testing funding scheme, as well as the latest developments in the wholesale central bank digital currency project Ensemble.

ChainCatcher news, according to Bitcoin.com, after more than two years of discussion, Uruguay has enacted a cryptocurrency law. The law was proposed two years ago, recognizing cryptocurrency as a virtual asset in the country and establishing the Central Bank of Uruguay as the regulator and supervisor for companies seeking to provide cryptocurrency services. This law positions Uruguay at the forefront of Latin American countries that have incorporated cryptocurrency into their regulatory framework.The Central Bank of Uruguay will regulate Virtual Asset Service Providers (VASP) and must issue operating licenses for such organizations. The issuance of these licenses will consider "legitimacy, opportunity, and convenience." Similarly, the Financial Services Regulatory Authority (SSF) must identify exchanges, wallets, and even miners that fall under the VASP category.The law amends existing anti-money laundering and counter-terrorism financing regulations, bringing virtual assets under the control and supervision of existing enforcement agencies. Additionally, the law reforms securities regulations by introducing the concept of decentralized securities, which are "issued, stored, transferred, and traded electronically through distributed ledger technology."