ChainCatcher news, according to 4E monitoring, Powell's latest speech warned that the increase in tariffs far exceeds expectations, which may face a dilemma of inflation and economic challenges, suggesting that the Federal Reserve will prioritize controlling inflation and reiterating a wait-and-see stance, denying that it will cut interest rates to rescue the market during a significant market decline. As a result of this hawkish rhetoric, the three major U.S. stock indexes fell sharply, with the Nasdaq plummeting 3.07%, the S&P 500 dropping 2.24%, and the Dow Jones down 1.73%. The seven tech giants all declined, with Nvidia falling nearly 6.9% and Tesla down nearly 5%.The cryptocurrency market performed relatively independently amid the sharp decline in U.S. stocks. Bitcoin briefly dropped sharply after Powell's speech but quickly regained above $84,000, currently reported at $84,227, up 0.8% in 24 hours. Most altcoins rose, but market sentiment remained cautious, with investors wary of potential impacts from the spread of overall economic risks.The foreign exchange and commodity markets experienced increased volatility, with the dollar index widening its decline after Powell's speech, dropping slightly over 1% for the day; the U.S. announced new sanctions targeting Iranian oil exports, causing crude oil to rebound nearly 2% to a nearly two-week high; gold prices maintained an upward trend throughout the day on Wednesday, with spot gold rising nearly 3.5%, setting a new historical record.During the sharp decline in U.S. stocks, Trump repeatedly called for interest rate cuts, and market expectations for an emergency rate cut by the Federal Reserve increased, but Powell's latest speech doused those hopes. The CME FedWatch tool shows that the probability of the Federal Reserve maintaining interest rates in May has risen to 83.2%.

ChainCatcher news, according to Yescoin co-founder Zhang Chi, he has been released after being taken away by the police for 37 days and is currently under bail. The four team members involved in the case have all been released without approval for arrest.Zhang Chi stated that during his time in detention, he firmly believed that he and his team were innocent and expressed gratitude for the fair justice of the judicial authorities. After his release, he is accelerating his understanding of the whole incident and thanked those who supported him.Previous news, Yescoin founder Zhang Chi (Zoroo) was taken away by the Shanghai police from Hangzhou due to a dispute with his partner Wang Mouxin, and the case had been escalated to a criminal case. Yescoin is a "sliding earn coin" mini-game based on the Telegram platform.

ChainCatcher news, according to Freepressjournal, the special PMLA court in India has rejected the release request of Hemant Bhope and his wife Lata. The couple is accused of being involved in one of India's largest Bitcoin Ponzi schemes, reportedly involving a Delhi-based company, Variabletech Pvt Ltd (VTPL). The defendants conspired to lure investors into purchasing Bitcoin and encouraged others to invest in the company's fraudulent activities, with the scheme amounting to as much as 66.06 billion rupees.

ChainCatcher news, according to Reuters, Andrew Chesley, the lawyer for Terra co-founder Do Kwon, defended him and stated that he will not seek bail at this time. U.S. District Court Judge Robert Lehrburger therefore ordered his detention. When U.S. Marshals escorted Do Kwon out of the courtroom, he took with him a 79-page copy of the indictment, and he is expected to appear in court again on January 8.Previous news, Do Kwon has pleaded not guilty to fraud charges in a hearing at the Manhattan federal court.

ChainCatcher news, according to Cryptonews, a court in Nigeria has denied the bail request of Binance executive Tigran Gambaryan due to health reasons, which has sparked strong opposition from Binance.A Binance spokesperson stated in a statement: "We are deeply disappointed by the court's decision to deny Tigran's bail, especially considering his deteriorating health condition. He has been unlawfully detained for over 220 days. Tigran did not go to Nigeria as a decision-maker, and there is no reason to continue to detain him. We are committed to working with the Nigerian government to resolve this issue, but Tigran must be allowed to go home."Binance has consistently emphasized that Gambaryan does not have substantial decision-making power at the exchange, and his prolonged detention has raised humanitarian concerns. As Gambaryan's health worsens and the detention continues, calls for his release are growing louder. Binance, along with several international advocates, continues its fight for his freedom.ChainCatcher previously reported that, according to Bloomberg, a court in Nigeria denied the bail application of Binance executive Tigran Gambaryan on health grounds, as the executive is on trial for alleged money laundering and currency manipulation, while instructing the prison to send him to the hospital for treatment.

According to CNBC, German citizen Horst Jicha has become a fugitive after skipping bail in a $150 million cryptocurrency fraud case in New York. He tampered with his ankle monitor on October 3 and subsequently failed to appear in court. The Brooklyn U.S. Attorney's Office is actively investigating to apprehend him. Of Jicha's $5 million bail, $4 million was personally guaranteed by his partner, children, and three others, while $1 million in cash has been deposited with the federal government, putting their bail amounts at personal risk.The case against Horst Jicha was originally set to go to trial on March 31, facing multiple charges of securities fraud and conspiracy. Prosecutors indicated that the USI Tech platform was essentially a fraudulent multi-level marketing scheme, in which Jicha deceived investors, residing in Brazil and Spain before and after his arrest. He was arrested in Florida at the end of 2023 and was released on bail in January, but violated the conditions of his bail by failing to appear in court, meet with his attorney, or seek medical attention. After his arrest, approximately $150 million worth of Ethereum and Bitcoin was sent to a cryptocurrency deposit address controlled by Horst Jicha.

ChainCatcher news, according to Bloomberg, a court in Nigeria denied the bail application of Binance executive Tigran Gambaryan on health grounds. The executive is on trial for alleged money laundering and currency manipulation, while the court instructed the prison to send him to the hospital for treatment. Binance's Head of Financial Crime Compliance, Tigran Gambaryan, has been detained in the country since February, and U.S. lawmakers have stated that he is being unjustly detained. His lawyer has repeatedly mentioned his poor health and stated that he requires surgery.

ChainCatcher news, according to Decrypt, the Southern District Court of New York has denied Samourai Wallet founder Keonne Rodriguez's request to modify his bail conditions. The prosecution submitted Rodriguez's handwritten "escape preparation" notes as evidence, which detailed travel plans and emergency items. Rodriguez's lawyer argued that this was just a general emergency plan, but the prosecution believes it constitutes an active escape plan.ChainCatcher previously reported, according to The Block, that the co-founder of the crypto mixing service Samourai Wallet was arrested. Prosecutors stated that they are accused of laundering $100 million from Silk Road and other illegal markets. On Wednesday, Samourai CEO Keonne Rodriguez and CTO William Lonergan Hill were charged with operating Samourai Wallet.

ChainCatcher news, Binance's head of financial crime compliance Tigran Gambaryan has been detained in Nigeria since February 2023, with the scheduled bail ruling postponed to October 9.Gambaryan was initially charged with tax evasion and money laundering, but his family reported that his health has been deteriorating during detention. Gambaryan's lawyer has filed a bail motion, citing the prison's failure to properly address his health issues. As a U.S. citizen and former IRS agent, his detention has raised significant concerns, and over 5,400 people have signed a petition calling for his return to the United States. The Nigerian tax authorities revoked some charges in June, but the money laundering charges may still require him to appear in court.

ChainCatcher news, according to Bloomberg, a Nigerian court has postponed its ruling on the bail application of Binance's financial crime compliance officer Tigran Gambaryan, who has been detained in the country for over six months. U.S. lawmakers have claimed that he is being unjustly held. On Wednesday, the court in the capital Abuja heard several hours of arguments, after which the presiding judge stated that a ruling would be made later, but did not disclose a specific time.Gambaryan's lawyer Mark Mordi told the court that the defendant has required surgery since July 18 and needs urgent medical assistance, but the Nigerian criminal justice system is unable to provide it. However, state prosecutor Ekele Iheanacho argued that the Binance executive has received adequate treatment both in the prison hospital and in another facility in Abuja used by senior government officials.

ChainCatcher news, according to Xinhua News Agency, the Paris prosecutor's office announced on the 28th that Pavel Durov, the founder and CEO of the social media platform Telegram, who was previously arrested in France, was charged after being released from custody that day. He was granted bail under judicial supervision but is not allowed to leave France.Paris prosecutor Laure Beccuau stated that Durov was granted bail under judicial supervision but must pay a deposit of 5 million euros, report to the police station twice a week, and is prohibited from leaving French territory.Relevant departments of the French government are investigating illegal activities on the "Telegram" platform involving fraud, drug trafficking, organized crime, child pornography, and the promotion of terrorism. Durov is accused of failing to take appropriate measures to prevent these crimes. The Paris prosecutor's office had previously issued a news announcement on the 26th, stating that a judicial investigation containing 12 charges, not targeting specific individuals, began on July 8 of this year, leading to Durov's arrest.

ChainCatcher news, according to Bitcoin.com, the Orissa High Court in India reiterated that cryptocurrency trading is neither prohibited nor considered illegal in India. The court granted bail to Yes World CEO Sandeep Chowdhury on the grounds that there is no official ban or illegal activity regarding cryptocurrency trading in the country. Chowdhury was previously detained for allegedly deceiving investors through a Ponzi scheme or multi-level marketing plan disguised as a cryptocurrency business.Although India currently lacks specific cryptocurrency regulations, the government imposes heavy taxes on cryptocurrency trading. Earnings from virtual digital assets (VDA) are subject to a 30% tax, and users cannot offset gains with losses like they can with stocks. Additionally, the 1% Tax Deducted at Source (TDS) on digital asset transactions further impacts traders.

CahinCatcher news, BitClout founder Nader Al-Naji was arrested last Saturday in Los Angeles on charges of telecommunications fraud in New York. On Tuesday, federal regulators filed a civil lawsuit against him. He appeared in federal court in Los Angeles on Monday and was released on bail.Previous news, BitClout founder Nader Al-Naji is accused by the U.S. Securities and Exchange Commission of implementing a fraudulent cryptocurrency scheme worth millions of dollars, involving a social media platform called BitClout and its namesake native token.

ChainCatcher news, Bitcoin News reported on the X platform that Bitcoin Magazine CEO David Bailey has raised $1 billion for Trump at the Bitcoin conference roundtable.

ChainCatcher news, according to Cointelegraph, Nigerian crypto celebrity Linus Williams, also known as Blord, has been released on bail after being detained by the police for three days. The KOL, who has a large following in the cryptocurrency community, was detained by the Nigerian Police Force's Cyber Crime Unit on suspicion of cryptocurrency fraud and terrorism financing related to his company.

ChainCatcher news, a letter submitted on July 3 shows that the U.S. government has agreed to bail out Samourai Wallet developer William Lonergan Hill (also known as TDev). Hill will appear in court next week in New York City and has been extradited back to the country from Portugal.Previously, on May 28, the U.S. Department of Justice (DoJ) held the first hearing regarding the case of Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill in the Southern District of New York.

ChainCatcher news, Bitcoin early investor Roger Ver has been released on bail in Spain after paying a bail of 150,000 euros. Roger Ver was granted release from prison on May 17, with the condition that he must surrender his passport and remain in Spain while awaiting the U.S. extradition decision against him. Roger Ver faces $50 million in tax evasion charges in the U.S. and must report to court every two days.