ChainCatcher news, according to market news, the documents sent by Republican lawmakers did not list cryptocurrency as an immediate priority.

ChainCatcher news, cryptocurrency-supporting Senator Cynthia Lummis stated that if the Federal Deposit Insurance Corporation (FDIC) destroys materials related to digital assets, it will face criminal consequences.In a letter sent to FDIC Chairman Martin Gruenberg on Thursday, the Wyoming Republican senator indicated that whistleblowers at the FDIC had reported to her allegations of these documents being destroyed, and claimed that these whistleblowers are "being closely monitored by management" to prevent them from reporting to the Senate, suggesting that legal action would be taken.Lummis stated in a declaration: "The FDIC is suspected of destroying and concealing materials related to Operation Chokepoint 2.0 with the intent to obstruct the oversight functions of the U.S. Senate, which is not only unacceptable but also illegal. If it is found that someone within the FDIC intentionally destroyed materials or attempted to impede the Senate's oversight functions, a criminal referral will be swiftly made to the U.S. Department of Justice."

ChainCatcher U.S. District Judge Phyllis J. Hamilton approved the request from Ripple CEO Brad Garlinghouse and the SEC to seal certain court documents. As the case progresses, both parties can now keep sensitive information confidential.The sealed documents include key evidence related to the summary judgment and expert testimony, which are crucial to the case. Ripple sought to seal 8 pieces of evidence related to the summary judgment and 56 pieces of evidence opposing the SEC's motion.Meanwhile, the SEC requested to seal some of its evidence, including expert testimony.

ChainCatcher news, according to Bitcoin.com, multiple insiders from the Federal Deposit Insurance Corporation (FDIC) in the United States have exposed a series of misconducts by the agency in Operation Chokepoint 2.0 (a crackdown on the crypto industry).According to the revelations, the FDIC employed various means to evade the disclosure requirements of the Freedom of Information Act (FOIA), including marking documents as attorney-client privileged, conducting incomplete searches within regional systems, and hiding documents generated on collaborative platforms like Microsoft Teams. Insiders claim that about 150 key documents were not submitted.At the same time, the FDIC has also been accused of conducting social media investigations on several well-known figures in the industry, including Coinbase Chief Legal Officer Paul Grewal, WSPN CEO Austin Campbell, Custodia Bank founder Caitlin Long, Castle Island Ventures founder Nic Carter, and Unchained podcast regulatory reporter Veronica Irwin. Insiders stated that they were personally assigned to investigate whether these individuals posed a threat to the FDIC.

ChainCatcher news, according to Cointelegraph, prosecutors in the United States responsible for overseeing the criminal case against Do Kwon, co-founder of Terra form Labs, estimate that after the collapse of the Terra ecosystem, Kwon may have caused over one million victims worldwide. On January 6, Daniel Gitner, the acting U.S. Attorney for the Southern District of New York, notified the court in a filing about the procedures for informing Kwon's victims of their rights in the criminal case. According to the U.S. Attorney, the government will establish a website for the public procedures regarding the Kwon case, as other methods of providing rights protection for victims are "impractical."Gitner stated, "Given the enormous volume of transactions involving Terraform cryptocurrency and the manner in which these transactions occurred (many of which were conducted on foreign exchanges through digital asset wallets or cryptocurrency trading accounts without personal identification information), while it is difficult to precisely quantify the number of Kwon's victims, the government estimates that the number of victims in this case exceeds hundreds of thousands of individuals and entities, and may total over one million."Previous news indicates that Kwon is expected to appear in court again on January 8.

ChainCatcher news, the Constitutional Court of Korea stated that the impeachment case documents sent to Yoon Suk-yeol were not received, but they still have delivery effect. The Constitutional Court announced that the first preparatory hearing (pre-trial meeting) for the impeachment case will be held as scheduled on December 27. (Jin Ten)

According to ChainCatcher news, WisdomTree has submitted an application for the WisdomTree XRP Fund to the U.S. Securities and Exchange Commission (SEC) via an S-1 filing. This is an exchange-traded fund (ETF) that issues beneficial interest common stock and will be listed on the Cboe BZX Exchange, Inc. under the ticker symbol "TICKER".The investment objective of the trust is to obtain exposure to the price of XRP, minus the expenses and liabilities of the trust. The Bank of New York Mellon ("BNYM") serves as the trustee, fund accountant, and transfer agent for the trust.

ChainCatcher message, according to the disclosures in the FTX lawsuit documents, Meerun is a complex and well-organized criminal who has defrauded FTX by manipulating tokens such as BTMX since 2021, resulting in losses exceeding $1 billion. His methods include manipulating token prices to increase collateral value, exploiting vulnerabilities in the FTX margin system to obtain funds, and evading monitoring through false KYC materials and multiple associated accounts.The FTX team attempted to freeze Meerun's account but failed to timely stop his withdrawals, resulting in his successful cashing out of $450 million. Additionally, Meerun is also suspected of manipulating other tokens such as MOB, BAO, and SXP, profiting significantly from the characteristics of insufficient market liquidity.The documents further indicate that Meerun has close ties to organized crime networks in Poland, Romania, and Ukraine, which are involved in human trafficking and terrorism financing.

ChainCatcher news, according to a report by ABC, on the 16th local time, the U.S. Court of Appeals approved Special Prosecutor Smith's request to suspend the appeal in the case involving classified documents against elected President Trump.This move is part of Smith's gradual conclusion of two cases against Trump, due to the long-standing policy of the U.S. Department of Justice that prohibits a sitting president from facing criminal charges while in office.As Trump is expected to win the 2024 U.S. presidential election and will take office as President of the United States in January 2025, Smith stated that the request to suspend the appeal at this time is "to allow the government time to assess this unprecedented situation and determine the appropriate course of action in accordance with Department of Justice policy."

ChainCatcher News, the U.S. Second Circuit Court of Appeals issued a notice of default to Ripple's legal team earlier today, citing that Ripple missed the deadline for submitting the confirmation and notice of appearance related to the SEC lawsuit, which is due on October 18, 2024.The court has granted Ripple a 14-day extension, allowing the team to submit the required documents by November 1, 2024. If Ripple's lawyers fail to complete the submission by this new deadline, they may be prohibited from presenting their arguments at the upcoming appeal hearing without special permission from the court.

ChainCatcher news, according to CNBC, the Trump family's cryptocurrency project World Liberty Financial (WLF) has released a 13-page "World Liberty Gold Paper" document detailing the project's mission and token distribution plan. The document shows that the Trump family will receive 75% of the project's net profits while incurring no liabilities.According to the document, the Delaware company DT Marks DEFI LLC, associated with Trump, will receive 75% of the net protocol revenue. The Trump family will receive 22.5 billion WLFI tokens, valued at approximately $337.5 million based on this week's issuance price of 1.5 cents. The document emphasizes that Trump and his family members are not directors, employees, managers, or operators of WLF or its affiliates, and states that the project and tokens "are not related to any political activities."The remaining 25% of the net protocol revenue will belong to the Puerto Rican company Axiom Management Group (AMG), wholly owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to allocate half of its revenue rights to Trump's close friend and political donor Steve Witkoff and affiliated companies of some of his family members, WC Digital Fi.

ChainCatcher news, according to The Block, cryptocurrency exchange Coinbase has filed a motion for partial summary judgment in the U.S. District Court for the District of Columbia to obtain documents from the U.S. Securities and Exchange Commission (SEC) regarding how securities laws apply to cryptocurrencies.Coinbase's Chief Legal Officer Paul Grewal stated that the SEC initially claimed an exemption under the Freedom of Information Act (FOIA), but recently acknowledged that this may not be the case. Currently, the SEC claims it will take three years to provide the documents requested by Coinbase.Previously, Coinbase had sued the SEC and the Federal Deposit Insurance Corporation (FDIC) in June 2024 for failing to comply with its FOIA request. Coinbase seeks to obtain internal and external communications from the SEC regarding whether certain crypto assets (particularly Ethereum) are defined as securities.

ChainCatcher news, OKX released the 23rd proof of reserves, with the reserve ratio of 22 publicly listed cryptocurrencies exceeding 100%. Among them, the reserve ratios for BTC, ETH, USDT, and USDC are 104%, 102%, 106%, and 101% respectively, with a total value of $19,380,106,491. Meanwhile, OKX POR has also completed an efficiency upgrade, reducing the proof document size for user verification from 2.55GB to 598KB.It is reported that OKX is committed to enhancing the transparency of PoR to traditional financial audit standards, thereby continuously leading the industry in safety and transparency. OKX insists on releasing PoR monthly, with the reserve ratio exceeding 100% for 23 consecutive months, and the number of publicly listed cryptocurrencies increasing from 3 to 22. The PoR system has been continuously upgraded through technologies such as Merkle trees, comprehensive Merkle trees, and zk-STARK, setting multiple milestones. Under the premise of protecting privacy, users can independently verify OKX's solvency at any time, which has been rated by blockchain expert Nic Carter as the highest level representing the quality of PoR among mainstream exchanges.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) stated in a court filing that the SEC requests to amend its motion regarding "third-party crypto asset securities" in the lawsuit against Binance, and the court currently does not need to rule on whether the allegations regarding these tokens are sufficient.The defendants in the case, Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings Inc., and Binance founder Changpeng Zhao, must submit their responses agreeing or opposing the amendment motion within 30 days. If the defendants do not oppose, the U.S. Securities and Exchange Commission will begin further litigation proceedings.

ChainCatcher news, according to a report by The Block, in a court filing submitted on Tuesday, Coinbase filed a motion requesting the New York court to order the SEC and Chairman Gary Gensler to hand over the core documents that Coinbase claims are related to the agency's lawsuit.In the motion, Coinbase stated that several years before the SEC sued Coinbase, the agency's commissioners and staff met with stakeholders in the crypto market, including Coinbase, and issued public statements and guidance regarding crypto regulation.Coinbase is requesting the court to compel the agency to provide certain documents related to the tokens in the SEC complaint, documents concerning the SEC's review of Coinbase's public listing in April 2021, and statements made by Gensler during his tenure at the SEC regarding personal and professional matters.

ChainCatcher news, according to Jinshi reports, market news indicates that the judge in the Trump case believes the appointment of the special prosecutor is unconstitutional and has dismissed the confidential documents case in Florida.

ChainCatcher news, according to The Block, sources say that Ethereum ETF issuers are waiting for the SEC to provide details on the final documents.A source from one of the issuers stated, "The next step is to wait for the SEC's feedback to see what to do next. Do they need a final draft? When do they need it?" They noted that the SEC's upcoming feedback will be highly valuable.After their 19b-4 form was approved in May, they have been in the second part of a two-step process: negotiating the S-1 form back and forth with the U.S. Securities and Exchange Commission. Unlike the first form, the S-1 form does not have a deadline for effectiveness, but it still needs to be submitted before the ETF officially launches. The SEC has provided multiple rounds of comments for the issuer to modify the form, with each round taking several weeks. However, the issuer is beginning to hope that this process may be nearing its end.A source from another issuer stated, "The SEC is continuing its review, and we seem to be getting closer to final approval. We expect there will be a final document, but the specific timing is still unclear."

ChainCatcher news, according to Jinshi reports, the Manhattan prosecutor in New York, USA, stated that after the U.S. Supreme Court's ruling granting former President Trump "some degree" of immunity, they are willing to postpone the judgment of his "hush money" case. A court document from that day shows that the office of Manhattan District Attorney Alvin Bragg indicated they are willing to delay the judgment of the "hush money" case, originally scheduled for July 11, by up to two weeks.