ChainCatcher news, according to Bitcoinist, recently, Alabama State Auditor Andrew Sorrell publicly proposed the establishment of a Strategic Bitcoin Reserve (SBR). This proposal is based on the growing interest of federal and state policymakers in SBRs, as well as the backdrop of a significant increase in Bitcoin prices following Trump's election as president.In a media interview, Sorrell emphasized what he believes to be the inevitability of long-term success for Bitcoin and cryptocurrencies: "The debate about whether cryptocurrencies will succeed is over. To date, cryptocurrencies represent a $3 trillion asset class, while the state's investment in cryptocurrencies is zero. It is also the fastest-growing asset class with the greatest potential for price appreciation."Additionally, he stated that the establishment of the SBR has three main objectives: portfolio diversification, cryptocurrency-friendly positioning, and safeguarding against currency-related risks.

ChainCatcher message, Aave founder Stani posted on X: "Are there any independent auditors with DeFi experience in the Move language? Please DM me."The community speculates that this move may indicate Aave's intention to expand into the Move ecosystem.

ChainCatcher News, Beijing Time October 13, 2:30 AM, the Cosmos ecological public chain Canto will submit a proposal to upgrade the Canto Loan Market (CLM) auditor implementation plan, which will prepare CLM to support Real World Assets (RWA).

ChainCatcher news, according to Blockworks, cryptocurrency mining company Riot Platforms announced the termination of its contract with accounting firm Marcum and appointed Deloitte as its auditor. Marcum had audited Riot Platforms' consolidated financial statements for the fiscal years 2018 to 2022. Deloitte will serve as the company's independent CPA firm for 2023.According to a regulatory filing, this change "is not due to any disagreements regarding accounting principles or practices, financial statement disclosures, or audit scope or procedures." The filing added that shareholders will vote on this change on June 27.A Bloomberg survey conducted last week of 24 cryptocurrency companies found that 46% of the companies had their comprehensive financial audits performed by the "Big Four" accounting firms. Among them, three companies used Marcum's audit services. Coinbase, Circle, and Ripple utilized Deloitte's annual audit services. (source link)

ChainCatcher news, Bulgaria's Chief Prosecutor spokesperson Siika Mileva denied the political motives behind the investigation of the crypto lending platform Nexo, stating that "investigating these institutions has become a nationwide campaign." The case involves so-called "modern cybercrime," and the investigation has been ongoing for several months in collaboration with international partners. Additionally, she revealed that an independent international auditor will examine Nexo's activities.It is reported that on January 12, Bulgarian police raided Nexo's offices and stated they would coordinate with their counterparts in the United States and the United Kingdom regarding the investigation of Nexo's alleged money laundering and tax crimes. Four Nexo personnel have been charged with money laundering, tax crimes, computer fraud, and unlicensed banking. Two were released on bail of nearly $550,000. The other two remain unaccounted for in Bulgaria and have been declared international fugitives. (cointelegraph)

ChainCatcher news, according to the WSJ, a senior official at the U.S. Securities and Exchange Commission (SEC) stated that the agency is intensifying its scrutiny of the work of crypto auditors, as investors may derive false comfort from the reports of these companies. SEC Acting Chief Accountant Paul Munter said in an interview: "We warn investors to be cautious about some of the claims made by cryptocurrency companies." (WSJ)

ChainCatcher message, Binance founder Zhao Changpeng responded on Twitter to Kraken founder's statement, saying that a third-party auditing firm will be invited to audit the proof of reserves (PoR) results, and stated, "The bottleneck is that the auditors have to wait a few weeks, and we are progressing step by step. Moreover, it absolutely does not involve the total liabilities, which will be verified in the aforementioned proof of reserves audit. In fact, this is the first time I have heard of the 'total liabilities' in the proof of reserves (PoR)."Previously, Kraken founder Jesse Powell tweeted that a complete proof of reserves audit must include the total liabilities of customers, user-verifiable cryptographic proof (indicating that each account is included in the total), and signatures proving the custodian's control over the wallets. "The Merkle tree proof of reserves is meaningless without including the total liabilities." (Source link)