ChainCatcher news, Ripple's Chief Legal Officer Stuart Alderoty announced that Ripple has submitted a supplemental letter to the U.S. Securities and Exchange Commission (SEC) cryptocurrency task force, focusing on the issue of when digital assets can be separated from investment contracts. This move responds to relevant questions raised by SEC Commissioner Peirce in her "New Paradigm" speech.In the letter, Ripple cites legal analysis from 2022 and the 2023 ruling in the SEC v. Ripple Labs case, emphasizing that XRP itself is not a security and arguing that most cryptocurrencies should not be considered securities in secondary market trading. Ripple also suggests that the SEC introduce a "safe harbor" mechanism to provide clearer compliance guidance for market participants and proposes criteria based on network maturity to help clarify which digital assets have moved away from investment contracts.Ripple expresses hope that through ongoing dialogue with the SEC, it can promote transparency and clarity in cryptocurrency market rules, providing a clearer direction for industry development.

ChainCatcher news, the 24th "Midas List" of "Golden Investors" jointly selected by Forbes and TrueBridge has been announced. This year, the list is topped by Alfred Lin of Sequoia Capital, who continues to lead with early investments in Airbnb, DoorDash, and a $14 billion bet on OpenAI in 2021. OpenAI's valuation has reached $300 billion, and it completed a record $40 billion financing in April.Notably, among the top ten on the list, Ribbit Capital founder Micky, renowned New York venture capitalist Fred Wilson, and Andreessen Horowitz partner Chris Dixon were included due to their investments in Coinbase.It is reported that the list uses a data-driven selection method, combining actual exit results and valuation growth for a comprehensive ranking, reflecting the true performance of the world's top venture capital elites.

ChainCatcher news, according to official sources, in response to the recent Cetus incident that caused user losses, Sui officials announced an additional investment of 10 million dollars for ecological security-related construction. Although the vulnerability originated from the mathematical library used by Cetus and has no direct relation to the Sui protocol and the Move language, the officials stated that they will still take a holistic approach to enhance the platform's security support for developers.The new funds will be used for audits, bug bounties, formal verification, and other measures, with specific implementation to be jointly agreed upon with the developer community. The Sui team emphasized that the platform has been designed with smart contract security at its core, but also acknowledged that "no system design can completely avoid human code defects," calling on ecological builders to take this incident as an opportunity to strengthen key code security and jointly promote the network towards maturity and stability.

ChainCatcher news, according to the Financial Times, the Trump Media Group plans to raise $3 billion for cryptocurrency investments.The company intends to complete the financing by issuing $2 billion in stock and $1 billion in convertible bonds. Sources say the related plan is expected to be announced this week before the Bitcoin 2025 conference, and the company's Truth Social app is also seen as part of its cryptocurrency strategy.

ChainCatcher news, YZi Labs has invested in Avalon Labs, which is an on-chain capital market for Bitcoin, aiming to build a scalable, transparent, and accessible financial network to unlock the full economic potential of Bitcoin.As a Bitcoin stablecoin issuer, Avalon Labs is transforming Bitcoin from a passive store of value into a dynamic financial asset, driving the adoption and utility of global markets in the real world.

ChainCatcher news, CoinShares released the latest weekly report showing that last week, inflows into digital asset investment products reached $3.3 billion, bringing the total to $10.5 billion for six consecutive weeks. Year-to-date (YTD) inflows have set a new high of $10.8 billion, while total assets under management (AuM) briefly reached a historic high of $187.5 billion earlier this week.Bitcoin led with inflows of $2.9 billion, accounting for a quarter of the total inflows in 2024. Ethereum saw inflows of $326 million, the highest level in 15 weeks, and with market sentiment continuing to improve, Ethereum has risen for the fifth consecutive week. XRP ended its 80-week streak of inflows with an outflow of $37.2 million, setting a new historical high.

ChainCatcher news, according to a post by Simon Gerovich, CEO of the Japanese listed company Metaplanet, on X, Metaplanet became the most purchased stock in the NISA accounts of Japan's largest online broker, SBI Securities, last week.Japanese investors are using NISA, a tax-exempt investment mechanism, to indirectly invest in Bitcoin while avoiding capital gains tax. Bitcoin, zero tax burden, and leverage have become the ultimate Bitcoin proxy choice for Japanese investors.

ChainCatcher news, according to Cointelegraph, governments, national pension funds, and sovereign wealth funds are increasing their investments in Bitcoin ETFs. This trend is primarily driven by factors such as de-dollarization, changes in the energy market, and increased institutional confidence.

ChainCatcher news, investment bank Clear Street announced the expansion of its blockchain and digital assets division, appointing Nakul Mehta and Collin Finnerty as managing directors to lead the business in cryptocurrency, blockchain, Web3, and digital asset platforms.Clear Street aims to provide institutional-level consulting services at the intersection of traditional finance, blockchain, and digital assets. The division will offer services including listing strategies, cryptocurrency treasury strategies, mergers and acquisitions, and strategic partnerships. Clear Street CEO Ed Tilly stated that this expansion will complement its global brokerage platform, providing financing, derivatives, and sales trading services.

ChainCatcher news, according to Southeast Network, the Mawei Court in Fujian recently concluded a virtual currency trading dispute case. A man named Sui paid 18,000 yuan to Ye to purchase virtual currency, which led to a dispute, and he requested the return of the full amount.The court ruled to dismiss the claim, stating that virtual currency does not have the status of legal tender in China, and related transactions violate public order and good morals, thus are not protected by law. The investment risk should be borne by the individual.

ChainCatcher news, Web3 incubator and early-stage investment fund 0xLabs announced the official launch of a $50 million incubation fund, focusing on investing in early-stage crypto projects. The fund will prioritize supporting high-quality Web3 startups that have product landing potential, a clear listing schedule, and have been market-validated.0xLabs stated that after summarizing past experiences in primary investments in the crypto market, they found that most losses stem from projects that have not undergone PMF verification or lack a clear TGE roadmap. To address this, 0xLabs has introduced a new incubation investment model: "Verification → Investment → TGE." This means conducting comprehensive product design and incubation for projects first, clarifying market demand and product maturity, and only after forming a clear roadmap and TGE plan, will they proceed with investment, ultimately assisting in the project's launch and long-term growth.The 0xLabs team emphasized: "We no longer invest in 'stories', we only invest in verified projects with a clear TGE plan and a clear direction."

ChainCatcher news, Bitget announced a partnership with fintech company Superstate. The two parties will jointly explore and create blockchain-based RWA (Real World Asset) tokenization investment opportunities, promoting the integration of traditional finance and crypto assets.It is reported that Superstate was founded by former Compound founder Robert Leshner, aiming to bring traditional assets into the on-chain world. It has currently launched a short-term government bond fund accessible via Ethereum. In November 2024, Superstate secured $14 million in funding, led by CoinFund and Distributed Global, with participation from Arrington Capital, Galaxy Digital, HackVC, and others.

ChainCatcher message, Nayib Bukele released a screenshot, as of now, the total value of El Salvador's national Bitcoin holdings is $678 million, with an accumulated unrealized profit of approximately $386 million, an increase of 132.35%.Since the investment, a total of about $292 million has been invested. President Bukele responded to the doubts by saying: "They say not to take screenshots, to take profits."

ChainCatcher news, according to Coindesk, the cryptocurrency trading platform Crypto.com has acquired Allnew Investments to obtain a license to offer derivatives trading services in the European Economic Area (EEA).The trading platform announced on its official website that the Cyprus Securities and Exchange Commission (CySEC) has issued a Markets in Financial Instruments Directive (MiFID) license to Allnew. This license authorizes the trading platform to offer a range of financial products in 27 EU countries as well as Iceland, Liechtenstein, and Norway.