ChainCatcher news, according to a report from Matrixport, the recent market adjustment of Bitcoin is mainly influenced by hedge funds rather than Wall Street investors. The report indicates that at least 25% of Bitcoin ETF funds are related to arbitrage trading, with as much as 55% of ETF fund inflows coming from hedge funds focused on arbitrage rather than long-term investors.Since the Federal Reserve's Open Market Committee meeting in December, the significant decline in arbitrage profit opportunities has led to a drop in trading volume, prompting hedge funds to unwind their arbitrage positions, resulting in record outflows from Bitcoin ETFs.The report also notes that the strengthening dollar has led to a decline in global liquidity indicators, putting downward pressure on Bitcoin prices. Global liquidity peaked at the end of December 2024, and the current pullback is expected to last until March or April, after which Bitcoin may attempt to rise back to previous highs.

ChainCatcher news, Matrixport released a report stating that the recent market adjustment of Bitcoin is mainly influenced by hedge funds, rather than Wall Street investors.The report pointed out that at least 25% of Bitcoin ETF funds are related to arbitrage trading, and as much as 55% of ETF fund inflows come from hedge funds focused on arbitrage, rather than long-term investors. Since the Federal Reserve's Open Market Committee meeting in December, the significant decline in arbitrage profit opportunities has led to a decrease in trading volume, prompting hedge funds to unwind their arbitrage positions, resulting in record outflows from Bitcoin ETFs.The strengthening of the dollar has led to a decline in global liquidity indicators, putting downward pressure on Bitcoin prices.

ChainCatcher news, according to an official statement from Four.Meme, the platform is undergoing an internal financial settlement process and will soon release a formal announcement.Previously, the FourAi team warned that Four.Meme had security vulnerabilities, and hackers were suspected of stealing over 4800 BNB, but Four.Meme denied this claim, stating it was an internal fund adjustment.

ChainCatcher news, the Office of the Financial Committee of the Hunan Provincial Committee, the Financial Work Committee of the Hunan Provincial Committee, and the Hunan Provincial Local Financial Supervision Administration's official WeChat account disclosed a GBC platform fundraising fraud case. Zhou, Tong, Wu, and others commissioned Chengdu Xingyi Network Technology Co., Ltd. to design the GBC platform software for computer clients and mobile apps. Wu falsely claimed that GBC coins and wealth coins were blockchain virtual currencies, developing downlines in areas such as Jinshui District, Zhengzhou City. By the time the case was reported, the "GBC" platform had developed 47 levels of members, involving 59,548 member accounts, with a total fund flow of 3.408 billion yuan, of which 40,480 member accounts suffered losses totaling 629 million yuan. The main criminal gained over 226 million yuan through fundraising fraud on the GBC platform.Upon investigation, the GBC platform system generated digital symbols out of thin air, which had no economic value. The Zhengzhou Intermediate People's Court, after hearing the case, determined that based on the facts of the crime, its nature, circumstances, and the degree of harm to society, the involved individuals were sentenced to fixed-term imprisonment ranging from fifteen to thirteen years.

ChainCatcher news, according to official sources, Huaxia Fund (Hong Kong) announced today the launch of the Asia-Pacific's first retail tokenized fund, the "Huaxia Hong Kong Dollar Digital Currency Fund." This fund primarily invests in short-term deposits and high-quality money market instruments denominated in Hong Kong dollars, marking the official arrival of the first tokenized fund aimed at retail investors in the Asia-Pacific region.The fund reshapes the traditional fund investment model through blockchain technology, with key fund information recorded in real-time on the blockchain, ensuring that the information is tamper-proof and fully traceable, thereby enhancing investment transparency and operational efficiency. In terms of distribution channels, in addition to traditional qualified brokers and banks, licensed virtual asset trading platforms (VATPs) authorized by the Securities and Futures Commission have also been included in the distribution channels to reach a broader investor base.Huaxia Fund (Hong Kong) stated that the fund will participate in the Ensemble project led by the Hong Kong Monetary Authority, with the expectation of opening secondary market trading in the future, enabling 24/7 trading and settlement, and seamlessly linking with a broader digital financial ecosystem, compatible with various forms such as stablecoins, tokenized deposits, and digital currencies.

ChainCatcher news, according to Cointelegraph, Founders Fund partner Joey Krug revealed at the ETHDenver conference that the U.S. Securities and Exchange Commission (SEC), under former chairman Gary Gensler, had forced founders of decentralized finance (DeFi) platforms to agree to never engage in the cryptocurrency industry again through settlement agreements.Krug stated, "In many cases, the government finds the founders of DeFi protocols and basically tells them they must settle with us. In many instances, they require them to sign a document promising to never work in the crypto industry again. Moreover, due to non-disparagement clauses, these agreements cannot be publicly discussed." He also claimed that these regulators would threaten the founders: "If you don't agree to these terms, you will go to jail."Krug mentioned that he initially did not believe in the existence of these settlement agreements until some unnamed founders showed him the contents of the agreements, which indeed included clauses stating "never engage in the crypto industry" and "not to discuss publicly."

ChainCatcher message, Mask Network founder posted on X, "Thank you very much for your attention, and I ask everyone to remain rational. Please do not speculate on the situation. Offline is one possibility, and I hope it is not anyone I know. I have already involved professionals.The stolen funds are my personal assets and have no relation to the company, fund, or associated investment projects. Please do not worry about any business concerns.The reason why humans are different from beasts is very rare; the common people abandon it, while the gentlemen uphold it. When heaven is about to confer a great responsibility on a person, it will first temper their mind and spirit, labor their muscles and bones, starve their body, and expose them to poverty, thereby making them endure hardship and increase their capabilities."

ChainCatcher news, according to lmk.fun (formerly Scopescan) monitoring, the hacker who infiltrated Mask Network founder Suji Yan's wallet has transferred the stolen assets to 7 wallet addresses and exchanged them for a total of 1690.17 ETH.

ChainCatcher message, Slow Mist posted on platform X, announcing the hacker addresses of the 7 Mask Network founders whose funds were stolen:0x7e8da2dc33416e5f73008366cd5027f22be17df70xce98ad7553c73578633a286f476c641179c5695d0xb6a5426b885172fb73d3c8fcf9612610612df7070xe457171b295e3ec597ddb234a46215e6006636e70x15eb933b90f13fdfa0f46a7ae52fe8cf4307fa430x180fe23ff9c57031e305ecffaadff4a5ac3d92190xaa937733edecda7924849c284b76912489e1f693

Bitcoin ETFs have seen outflows of approximately $2.1 billion for six consecutive days, marking the longest period of fund outflows since June of last year. Matthew Sigel, head of digital asset research at VanEck, believes that the record outflows may stem from hedge funds unwinding a popular strategy known as "basis trading," which profits from the price differences between the spot and futures markets. Some funds use ETFs to profit from the volatility of cryptocurrencies or to hedge short positions in derivatives. He explained, "This strategy involves buying Bitcoin spot (usually through ETFs) while shorting Bitcoin futures to lock in low-risk returns. However, the profits from this trading have recently collapsed, significantly reducing its attractiveness. As a result, hedge funds using ETFs for this trading may have closed their positions, leading to large redemptions."

ChainCatcher news, according to Cryptonews, the U.S. House of Representatives' fundraising committee passed a resolution by a vote of 26-16 to push for the repeal of the "DeFi Broker Rules." This rule was originally set to take effect in 2027, requiring decentralized exchanges and other digital asset brokers to report transaction details to the Internal Revenue Service (IRS).This repeal action occurs against the backdrop of a Republican-controlled Congress, with hundreds of pro-cryptocurrency candidates winning congressional seats, leading industry leaders to predict that the U.S. government may become the most cryptocurrency-friendly government in history.If this resolution passes in the House, it will be submitted to the Senate for approval, ultimately to be decided by President Donald Trump on whether to sign it into law.

ChainCatcher news, Upbit announced that in response to the recent hacking incident involving Bybit, the FBI has issued an official document requesting all digital asset service providers to block transactions related to these addresses. Upbit will work closely with investigative agencies. Upbit strongly advises users not to withdraw funds to addresses associated with the hacking incident and has listed the Ethereum wallet addresses related to the hack published by the FBI.

ChainCatcher news, the Bitcoin ecosystem stablecoin project Aegis announced the completion of a $2 million Pre-Seed round of financing, led by Dewhales Capital, with Profluent Ventures and a group of angel investors participating. The new funds will be used to support the development of its Bitcoin-backed stablecoin YUSD, which maintains stability by establishing delta-neutral positions and selling perpetual contracts with BTC margin equal to its Bitcoin exposure.

ChainCatcher news, according to The Block, ZKP technology startup Ligero has completed a $4 million seed round financing. This round was co-led by Galaxy Ventures and 1kx, with participation from Franklin Templeton, Nascent, Anagram, Robot Ventures, Digital Currency Group, and ZKV.The company began this round of financing in March 2024 and concluded it in July 2024. The structure of the seed round financing is a simple agreement for future equity (SAFE), accompanied by token warrants, with a valuation cap of $20 million. There are currently no plans to launch a token.According to the Web3 asset data platform RootData, Ligero is a lightweight and scalable protocol for secure multi-party computation (MPC) and zero-knowledge proofs (ZKP).

ChainCatcher news, Virtuals Protocol announced that its Ecosystem Fund has been renamed to Virtuals Ventures, while also stating that its mission remains unchanged, continuing to provide funding and support for Agents on the Virtuals Protocol, and maintaining transparency.

ChainCatcher news, according to Fortune, the gift card crypto platform Raise announced the completion of a $63 million financing round, led by Haun Ventures, with participation from Paper Ventures, Selini Capital, GSR, and Solana co-founder Raj Gokal. The company declined to disclose the valuation of this financing round.

ChainCatcher news, according to Bloomberg's senior ETF analyst Eric Balchunas, Bitcoin ETFs are facing outflow pressure, with nearly $1 billion flowing out yesterday and a total outflow of $1.8 billion this week.Despite this, this figure accounts for less than 2% of total assets, and considering the market correction, over 98% of the funds still choose to hold.

ChainCatcher news, daos.fun announced the launch of Founder DAOs, a decentralized fundraising DAO similar to KickStarter, which supports projects in fields such as art, AI, and finance to raise funds and govern through token communities.Creators need to set the DAO token, description, fundraising allocation, and team shares, with an initial minting of 10 billion tokens, of which 4 billion will be publicly sold through a Bonding Curve. The team allocation will be locked and migrated to Raydium after the fundraising is completed, and the community fund pool will be controlled by voting. After successful fundraising, liquidity will be migrated to Raydium and the DAO S pool, and the team and fundraising allocation will start to be released 3 months after the migration to Raydium, but some tokens can be sold early to long-term holders.

ChainCatcher news, Jup iter founder Meow published a long article outlining the future development plan and long-term strategy for the JUP token. Meow proposed the "GOAT framework" (Governance, Transparency, Organic, Collaboration) as the core and announced three key initiatives:First, an independent auditing agency will be commissioned to conduct a comprehensive audit of the founders, treasury, and tokens, with all results to be publicly disclosed on the new official website jup.com to enhance transparency. Second, the establishment of the "Litterbox Trust Fund," committing to inject 50% of the protocol's revenue into this fund over the next two years for strategic accumulation of JUP. Finally, Meow proposed the 2030 Incentive Plan, voluntarily using 280 million JUP held personally for new team incentives, and promised not to claim any tokens before 2030, with the final eligibility for a 500 million JUP reward entirely dependent on community voting results regarding his performance.Jup iter also disclosed three major business pillars: the aggregation trading platform Jup.ag, the community ecosystem Jup iverse, and the cross-chain network Jup net, emphasizing that the token mechanism will bind the long-term interests of ecosystem participants. Meow stated that these series of initiatives aim to demonstrate the team's determination to advance together with the community, breaking the inertia of short-term profit-seeking in the crypto industry, and fully committed to building "the future value network belonging to Jup iverse." Currently, the relevant proposals have been submitted for DAO discussion, and final implementation requires community voting approval.