ChainCatcher news, X's lawyer stated in a court document on Friday that X has complied with the order for the social network to delete accounts accused of participating in misinformation (dissemination), as well as the Supreme Court's request for fines and the appointment of a new legal representative for X in Brazil.According to Times, the Brazilian Supreme Court confirmed this in its own document on Saturday, but noted that X has not submitted the appropriate documents to advance the case and will have five days to do so. André Zonaro Giacchetta is one of X's new lawyers in Brazil, and he stated that the conditions for X's return to Brazil "have been met, but it depends on" the assessment of the country's Supreme Court. Elon Musk has publicly stated that X will continue to disregard court orders, claiming that the judge behind the orders is engaging in political censorship, and at one point described these demands as "the most severe requirements of any country on Earth."According to the Associated Press, analysts estimate that about 40 million Brazilians use X at least once a month. X did not immediately respond to a request for comment, and Musk and the social network's global government affairs page did not make any comments or statements on Saturday.

ChainCatcher news, according to Bitcoin.com, Mexican billionaire Ricardo Salinas Pliego suggested buying Bitcoin to prevent the devaluation of fiat currency.It is reported that in 2021, Salinas Pliego called Bitcoin "extraordinary" and described it as "the gold of the modern world."

ChainCatcher news, Bitcoin decentralized finance tool Alex Lab has released an update on the attack incident, stating that the team is closely monitoring the attacker's wallet and has notified all relevant CEXs. All known CEX accounts associated with the attacker have been frozen. A portion of the stolen funds has been identified and is being recovered from a CEX. The team is actively collaborating with other CEXs through the necessary processes to facilitate the return of more funds. To further recover the stolen funds, we are prepared to file a police report, and if the attacker does not cooperate with us in a timely manner, we will seek police support to assist in the recovery of the funds.So far, all aBTC, sUSDT, xBTC, xUSD, ALEX, atALEX, LiSTX, LUNR, SKO, CHAX, $B20, ORDG, ORMM, ORNJ, TRIO, TX20, and STXS have been recovered. The smart contract code and infrastructure of ALEX have not been compromised.Alex Lab also stated that due to the uncertainty of recovering all stolen funds, they are evaluating the use of ALEX reserves held by the Alex Lab Foundation to fund a treasury grant program to support the community affected by this attack during this difficult time. Additionally, they are considering the possibility of proposing a SIP to the Stacks community to burn STX held in wallets that have not recovered stolen funds and to mint new STX for affected community members.Previous news, the Bitcoin DeFi platform Alex announced the discovery of a vulnerability in the XLink bridge and has actively collaborated with exchanges, partners, and ecosystem contributors to resolve the situation.

ChainCatcher message, due to the devaluation of local fiat currencies and overall economic instability, the recent rise in Bitcoin prices has led to historical highs in Turkey and Nigeria. As of Friday morning, the price of Bitcoin in the Turkish market reached 9.6 million lira, while in the Nigerian market, it reached 27.4 million naira. In local currency terms, Bitcoin's monthly increase has reached as high as 30%. According to CoinGecko, local cryptocurrency exchanges have seen a Bitcoin trading volume of $40 million in the past 24 hours, a figure that may not include local users trading on global exchanges like Binance or Coinbase.It is reported that in the past month, the naira has depreciated by 0.45% against the dollar, and over the past six months, it has fallen by 45%; the lira has dropped by 2.9% against the dollar in the past month and by 31% over the past six months. A study by the International Monetary Fund (IMF) shows that Nigeria's inflation rate has risen by 25% compared to 2022, while Turkey's inflation rate has surged by 51%, leading to a significant decline in the purchasing power of TRY and NGN. This may have boosted demand for Bitcoin.

ChainCatcher message, the Uniswap Bridge Evaluation Committee has developed a preliminary assessment framework that thoroughly examines the security, resilience, reliability, and sustainability of cross-chain bridges. Once the corresponding group's work is completed, the framework will be open-sourced for others to use. Additionally, the team has identified areas that need strengthening and has implemented several enhancements for the BNB Chain deployment instance in collaboration with the Wormhole team. Former Bridge Network co-founder Kimberly is assisting with this work, and 2-3 additional engineers will be added. The final report is currently planned to be submitted by the end of April or early May.Earlier this month, the Uniswap Foundation established the Uniswap Bridge Evaluation Committee and initiated the evaluation process. The committee will handle eight cross-chain bridges, including Axelar, Celer, deBridge, Hyperlane, LayerZero, Multichain, Router Protocol, and Wormhole, along with three bridging solutions created by the Celer team (Multi-bridge implementation), the Gnosis team (Block Header Oracle based solution), and ERC-5164: Cross-chain execution. The focus will be on Uniswap governance needs, and in the coming weeks, the committee will provide short-term recommendations for the Uniswap community on how to address bridge issues. (source link)

ChainCatcher news, the Uniswap Foundation has announced the establishment of the Uniswap Bridge Assessment Committee and the initiation of the assessment process. The committee will handle 8 cross-chain bridges including Axelar, Celer, deBridge, Hyperlane, LayerZero, Multichain, Router Protocol, Wormhole, as well as 3 bridging solutions created by the Celer team, the Multi-bridge implementation, the Block Header Oracle based solution developed by the Gnosis team, and ERC-5164: Cross-chain execution, focusing on Uniswap governance needs, and will provide short-term recommendations to the Uniswap community on how to address bridge issues in the coming weeks.Additionally, the committee will provide guidance on ideal long-term solutions and suggest how the Uniswap community can continue to monitor and investigate bridges as the space develops.Currently, the committee members include Ermyas Abebe, Jasraj "Jazzy" Bedi, Sean Casey, Ben O'Neill, Peter Robinson, and David Hyland-Wood, and they are still seeking to expand the team in the coming weeks. (source link)

ChainCatcher news, NFT research and evaluation company Scratch has announced the official dissolution of its native token SCRATCH to adapt to the changing regulatory environment. The company previously launched a real-time data-driven NFT valuation tool called Scratch Engine.Company founder Shawn Owens stated that from the beginning, the goal of Scratch Engine was to provide transparency and standardization in the NFT market; when we launched the SCRATCH token, it was also to advance this mission. But the NFT and crypto space is an evolving field, and we need to evolve with it, "we no longer believe that the current form of the SCRATCH token has a bright future."Regarding future plans, the company expects to raise funds through equity sales while also providing early adopters of the project with the opportunity to own a stake in the company. SCRATCH token holders can convert their tokens into equity in the new company; users can also continue to hold the token, and the company will exchange those unredeemed SCRATCH tokens for the company's digital assets in the future. (Source link)

Chain Catcher news, Messari senior analyst @dunleavy89 stated that in the face of currency devaluation crises, the vast majority of euro and pound holders choose to buy BTC to maintain purchasing power, a trend that did not occur during crises before 2020 or 2021.In addition, Ethereum has not shown such a trend, and compared to the past two years, ETH's recent trading volume is quite insignificant. (Source link)

Chain Catcher news, at the 2022 Service Trade Fair "World Frontier Technology Conference - Metaverse and Digital Economy Forum", the "Digital Collectibles Compliance Evaluation Standards" (group standard) was officially released. This "Standard" regulates the definition, compliant issuance, and circulation of digital collectibles from the source. At the same time, the "Standard" also clearly states that the circulation of digital collectibles is limited to intended purposes and cannot engage in speculation, money laundering, tokenization, financialization, securitization, or illegal trading in public or private.In addition, this "Standard" provides an accurate definition of digital collectibles based on existing national laws and regulations, and states that domestically issued digital collectibles generally refer to a type of limited edition virtual cultural goods, including digital forms of images, music, videos, 3D models, etc. It records the processes of issuance, purchase, and use through blockchain technology, giving it characteristics of uniqueness, non-replicability, non-tampering, and permanent proof, also known as "digital artworks" or "virtual digital goods". At this stage, a more accurate definition of digital collectibles is "digital collectibles are a new form of digital publications." (source link)