ChainCatcher message, Ethereum co-founder Vitalik Buterin stated on social media, "Deep Funding combines two ideas:Value Graph: Instead of asking 'How much does X contribute to humanity?', it's better to ask 'How much of Y's contribution is attributed to X?'Refining Human Judgment: An open AI market provides all weight allocation suggestions, which are then verified by a randomly sampled human jury.The first idea (Value Graph) has gradually become a popular paradigm in recent years, and the reasons are quite compelling. It is very difficult to measure contributions abstractly: if you ask people how much they would be willing to pay to save N birds, they might respond that it is $80 when N=2000 and also $80 when N=200000. Questions like 'Which is more valuable for C, A or B?' are much easier to handle.The second idea (Refining Human Judgment) is based on some thoughts from my info finance article: the condensation of human judgment in information finance. Anyone can use any method (like AI) to suggest weights for all graph edges, and a human jury conducts a detailed analysis of randomly sampled edges. Ultimately, the submission that is most compatible with the jury's answers determines the final output."

ChainCatcher message, a community user posted on platform X stating: "I believe that the DEXX victims need to go through 4 key steps to receive compensation: SlowMist's statistical results; providing a compensation plan (different plans based on financing results); developing a compensation entry; executing the compensation plan."In response, SlowMist founder Yu Xian stated: "To clarify, the 'SlowMist statistics' matter is not in a serial relationship with several others, because the overall losses were basically disclosed within two or three days after the incident (at that time, the stolen market value was over 21 million USD). The subsequent increases are almost all small amount losses; if there were still large amounts, we should have known by now. Since we disclose the attacker's address, handling false reports and omissions will continue to consume a lot of time. The entire process needs to be rigorously compared and judged back and forth. If we rely solely on our so-called final statistics, it is hard to say how long that will take. Therefore, we believe this is not a serial relationship; many tasks are essentially parallel."

ChainCatcher news, a U.S. court has announced that the ruling date for Trump's "hush money" case has been postponed to November 26. (Jin Shi)

According to ChainCatcher, as reported by CoinGape, the U.S. Securities and Exchange Commission (SEC) has submitted a motion for judgment against the cryptocurrency exchange Kraken, focusing on questioning Kraken's defenses of "fair notice" and "major questions doctrine."This motion was initiated by a team led by SEC Chairman Gary Gensler, aiming to reduce the in-depth scrutiny of its regulatory policies, particularly those related to the cryptocurrency industry. The timing of the motion has drawn attention from the industry, with some insiders believing it is a strategic move by the SEC to avoid excessive examination of its regulatory approach.

ChainCatcher news, in response to crypto detective ZachXBT questioning why Neiro initially chose the notoriously poor-reputed Gotbit as a market maker, Neiro's CTO co-lead "S" stated that when Sun Yuchen's tweet led to its listing on HTX, there was actually only a few hours to find one, making time critical. The choice of Gotbit was partly because the market maker offered a retention agreement at that time, which was the most affordable option so far, and partly because the project viewed it as a quick solution for the HTX listing (with the agreement with Gotbit lasting 3 months), planning to explore other options when the budget allowed. Additionally, there was a lack of judgment experience regarding the industry; although they had heard various bad things about Gotbit, they had also heard bad things about almost everyone in the industry, making it difficult to make a judgment."S" also mentioned: "I had not had direct contact with Gotbit before, so I chose to trust them and gave them a chance. Gotbit also marketed itself as a 'meme coin friendly' market maker, which seemed like an attractive proposition.""S" concluded: "But ultimately, I take full responsibility for this; I should have been more careful. I am deeply pained by this outcome and have paid a huge price for it. At the same time, it has given us a tremendous learning opportunity, forcing us to fundamentally improve the project by collaborating with better and more market makers to reduce counterparty risk and upgrade the Neiro trading market."Previous news, on-chain detective ZachXBT commented on Neiro's announcement to terminate its partnership with market maker Gotbit, suggesting that perhaps Neiro should explain to the community why they initially chose Gotbit, given their consistently poor reputation and the substantial evidence of Gotbit's price manipulation behavior before the U.S. government accused them of fraud and market manipulation this week.

ChainCatcher news reports that, according to Jimu News, the People's Procuratorate of Zhongxiang City, Hubei Province recently made a ruling on a major virtual currency pyramid scheme case. The main offenders Chen, Ding, and Fu were sentenced to three years in prison, with a five-year probation, and each fined 350,000 yuan for organizing and leading a pyramid scheme.In February 2022, the three main offenders developed and launched a virtual currency trading APP, using investment in virtual currency as a pretext to establish a pyramid scheme organization called "Certain Community." The organization extensively promoted through internet platforms and offline training sessions, enticing members to purchase virtual currency and recruit downlines. The organization was divided into five major battle zones and 16 vanguard groups, implementing strict hierarchical management.As of December 2022, when the case broke, the organization had developed over 10,000 member accounts, with the highest level reaching 17 tiers, involving an amount exceeding 57 million yuan. The three main offenders have voluntarily returned all illegal gains of over 22.59 million yuan. Prosecutors emphasized that virtual currency does not have the same legal status as legal tender, and related business activities are illegal financial activities that will be strictly prohibited. The public should remain vigilant against false promises of "guaranteed profits" and reject high-interest temptations like "recruiting others" to avoid falling into similar pyramid scheme traps.

ChainCatcher news, Ripple Labs' legal team has requested to suspend the payment of the $125 million fine imposed by the ruling on August 7, 2023, and the SEC has agreed to postpone the payment until after September 6. Ripple proposed to deposit 111% of the judgment amount (approximately $139 million) into a bank account until the appeal period ends or the appeal outcome is determined. This move may indicate that the SEC will appeal.Ripple CEO Brad Garlinghouse called the ruling a "victory," and the company stated it would "respect" the fine. The case is presided over by Judge Analisa Torres, and if an appeal occurs, it would mean that the dispute between Ripple and the SEC is not yet resolved. The SEC had accused Ripple of raising funds through the sale of XRP as an unregistered security, but the judge previously ruled that the sale of XRP on exchanges does not constitute a security. The current price of XRP is $0.56, having increased by approximately 0.15% over the past 30 days.

ChainCatcher news, according to CNBC, former Russian President Dmitry Medvedev stated that Telegram CEO Pavel Durov's escape from Russia and his belief that he will never have to cooperate with security agencies abroad is a misjudgment.Medvedev often uses Telegram to criticize the West, saying that Durov wants to be an "outstanding 'global citizen,' living a good life without a homeland.""He miscalculated," Medvedev said. "For all our common enemies, he is Russian—therefore unpredictable and dangerous."The Russian Foreign Ministry stated that it has sent a note to Paris requesting a meeting with Durov, despite him already holding French citizenship.

ChainCatcher message, Japanese Prime Minister Fumio Kishida stated that it is crucial to make calm judgments in the market. (Jin Ten)

ChainCatcher news, the Abuja High Court in Nigeria will deliver a verdict on the Binance tax evasion case on October 11, 2024. According to reports, Binance faces four charges of tax evasion, including failure to register for tax with the Federal Inland Revenue Service (FIRS) of Nigeria.According to local media, Binance's lawyer Ayodele Omotilewa appeared in court on Friday, July 12, and pleaded not guilty to all four charges before Judge Emeka Nwite. Omotilewa urged the judge to dismiss the charges, arguing that the case lacks substance and is similar to previous dismissals of charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla.Judge Nwite decided to postpone the case until October for further deliberation and review of the evidence presented. This gives both the defense and prosecution more time to prepare their respective cases.

ChainCatcher news, according to Caixin, a court document shows that a New York judge has postponed the ruling in the former U.S. President Trump's "hush money" case, originally scheduled for July 11, to September 18.Previous news indicates that court documents show the ruling in Trump's "hush money" case may be delayed by two weeks.

ChainCatcher news, the official Binance Web3 wallet stated on social media: "According to statistics, the Megadrop Lista event had over 1 million participants, among which 102,000 accounts were identified by risk control as fraudulent accounts (this number is still being updated). After further verification of account aggregation actions and other behaviors by the team, the platform ultimately confirmed and banned 297 main accounts, one of which even aggregated up to 9,000 KYC sub-accounts.In addition, the platform's risk control measures only target accounts identified as fraudulent. Real users need not worry. If any user believes their genuine account has been misjudged, they can file a complaint with Binance through the online customer service platform, and we will assist users in resolving the issue as soon as possible."

ChainCatcher news, according to The Block, in the proposed final judgment submitted by the SEC, the agency requests the judge to approve a $1.95 billion fine against Ripple, including illegal gains, pre-judgment interest, and civil penalties.It is reported that the SEC emphasized the seriousness of Ripple's actions and its deterrent effect on other entities that may raise funds from the public through unregistered cryptocurrency transactions. Ripple must respond by April 22.

ChainCatcher news, according to CoinDesk, a U.S. court ruled on March 1 that trading certain crypto assets on the secondary market constitutes a securities transaction in the insider trading case involving former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi, and their friend Sameer Ramani.The ruling stated: "Even if Ramani trades tokens on the secondary market, the court's analysis remains unchanged." ... "Even when tokens are traded on the secondary market, each issuer continues to make such statements regarding the profitability of their tokens. Therefore, under the Howey Company standard, all crypto assets purchased and traded by Ramani are investment contracts." This ruling was made in the absence of Ramani in court.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) requests the court to grant a summary judgment against Do Kwon and Terraform.The SEC continues to reiterate its argument that Do Kwon and Terraform sold securities. The SEC reaffirms in its filing that Terraform and Do Kwon also engaged in fraudulent activities and made misleading statements, and once again emphasizes that they deceived investors regarding the stability of UST, among other things.

ChainCatcher news, Fox reporter Eleanor Terrett stated on social media regarding "the SEC dropping all charges against Ripple CEO and Executive Chairman": "They (the SEC) cannot appeal immediately. They need to wait until the final judgment is over, which will be after the penalty phase ends. This could take months, meaning the Securities and Exchange Commission won't be able to appeal until next year."