ChainCatcher news, according to DL News, the U.S. Securities and Exchange Commission (SEC) has charged Texas fund manager Khalid Parekh with illegally investing $18.5 million of client funds in cryptocurrency without client consent.According to the SEC, from August 2021 to August 2022, Parekh raised $18.5 million from 373 investors across 40 states through his sole proprietorship Fair Invest. He primarily attracted investors from the American Muslim community through radio shows, podcasts, and media interviews, claiming that his fund complied with Islamic law.Parekh promised investors an annual return of 4%, claiming that these returns came from traditional assets such as stocks, mutual funds, commodities, and ETFs. However, the SEC's charges indicate that he actually invested client funds in two cryptocurrency lending platforms without informing investors.During the SEC investigation, Parekh returned client funds along with the promised 4% returns. Additionally, he agreed to pay a $100,000 fine and revoked his SEC registration as an investment advisor.

ChainCatcher news, according to Jinshi reports, market news shows that Trump's main advisors support former Soros Fund Manager Scott Bessent for the position of Secretary of the Treasury. Sources say that Trump has selected KRISTI NOEM as Secretary of Homeland Security.

ChainCatcher message, hedge fund manager Anthony Scaramucci stated that by 2026, the price of Bitcoin will triple, reaching $176,000.

ChainCatcher news, Michael Wong, a partner at Dechert LLP, stated that since the Hong Kong Securities and Futures Commission (SFC) issued guidelines in 2019, 10 fund managers in Hong Kong have upgraded their licenses to manage cryptocurrencies. With the necessary Type 9 (Asset Management) license, fund managers will be able to allocate 10% of their total managed assets to the digital asset space. (Source link)

ChainCatcher message, renowned hedge fund manager Bill Ackman posted on social media: "The failure of Silicon Valley Bank could destroy an important long-term driver of the economy, as venture-backed companies rely on Silicon Valley Bank for loans and to hold operating cash. If private capital cannot provide a solution, a highly diluted government priority bailout plan should be considered.After seeing the Federal Reserve's actions in bailing out Bear Stearns, I don't believe any bank will step in to help Silicon Valley Bank.The government could also guarantee deposits in exchange for issuing dilution warrants and other covenants and protections. If Silicon Valley Bank is indeed solvent, this would buy time for the bank to restore its charter and raise new private capital." (source link)

Chain Catcher news, Nick Johnson, the head of development for the Ethereum Name Service (ENS), has initiated a voting proposal to hire a fund manager to manage an endowment fund that can pay for ongoing development needs without relying on registration and renewal income. The fund's capital will come from the DAO's current holdings of ETH and USDC, as well as a portion of the DAO's ongoing revenue, until the fund reaches its target size. The voting ends on September 14.ENS DAO currently holds 13,069 ETH in revenue, 3,817,067 USDC, and 18,184 ETH in prepaid revenue. (Source link)