According to ChainCatcher news, on the website of the Central Commission for Discipline Inspection and National Supervisory Commission, Yao Qian, former director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission and former director of the Information Center, has been expelled from the Party and public office due to serious violations of discipline and law. Investigations show that Yao Qian used regulatory power to seek benefits for specific technology service providers, involving money-for-power transactions related to virtual currencies, and illegally accepted huge amounts of property.In addition, he also violated the spirit of the Central Eight Provisions by improperly accepting valuable items, accepting banquets, and engaging in irregular operations in employee recruitment and investment shares. After research and decision by the Party Committee of the China Securities Regulatory Commission and relevant disciplinary inspection and supervision departments, Yao Qian has been subjected to serious penalties, and issues involving suspected criminal activities have been transferred to the procuratorial organs for legal review and prosecution.Previous report indicated that Yao Qian was suspected of serious violations of discipline and law, and had previously undergone disciplinary review by the disciplinary inspection team stationed at the China Securities Regulatory Commission and supervisory investigation by the Shantou Municipal Supervisory Committee in Guangdong Province.It is reported that Yao Qian was the first director of the Digital Currency Research Department of the People's Bank of China (CBDC) and was named one of the most influential figures in the blockchain field by Coindesk in 2017. He has published multiple research articles on blockchain technology, digital currency, and Web 3.0, and co-authored the book "Web 3.0: Changes and Challenges of the Next Generation Internet."

ChainCatcher news reports that the Bitcoin ecosystem AVS platform Pell Network has announced the completion of a $3 million Pre-Seed funding round. This round was co-led by Halo Capital, Mirana Ventures, and Paper Ventures, with participation from ArkStream Capital, Caliber Venture Builder, Cogitent Ventures, and Contribution Capital.It is reported that Pell Network is a fully-chain, composable, adaptive decentralized verification service network based on re-staking technology. With the completion of the funding, Pell Network's testnet has officially launched.According to RootData, Pell Network aims to create a decentralized token economy security leasing platform for the Bitcoin ecosystem. By building a network that aggregates native BTC stake and LSD re-staking services, it allows stake holders to choose verification for new software modules built on the Pell Network ecosystem.

ChainCatcher message, @tier10k posted on X stating that HBO believes Peter Todd is Satoshi Nakamoto (which he denies) for the following main reasons:In 2010, Todd (from a new account) replied to Satoshi on bitcointalk; HBO claims he accidentally completed Satoshi's post using his own account;A few days later, both accounts were inactive;Todd later deployed the "replace-by-fee" concept discussed in the post;The documentary states that Todd used the pseudonym "John Dillon" to promote RBF;Both used British/Canadian spelling;Satoshi released a timeline, which the documentary claims aligns with a student's timeline, posting more content on weekends;Todd once discussed "sacrificing" Bitcoin; the documentary claims this refers to destroying Satoshi's Bitcoin.

ChainCatcher news, Steve Englander, the Global G10 FX Research and North America Macro Strategy Head at Standard Chartered Bank's New York branch, stated that recent U.S. economic data does not provide a compelling reason for a 50 basis point rate cut at the upcoming FOMC meeting. A 50 basis point cut with a decision error could be worse than a 25 basis point cut with a decision error. The rationale for a 25 basis point cut is that the upcoming inflation data does not support inflation rapidly approaching the 2% target. Meanwhile, the recent rise in unemployment also indicates a concerning deterioration in the economy. (Jin Shi)

ChainCatcher message, QCP Capital stated in an official channel that if next week's non-farm payroll data is weaker than expected, it will confirm the rationale for the U.S. to start cutting interest rates in September. Currently, the probability of a rate cut is 33.0% (25 basis points) and 67% (50 basis points).Given that recent macro news has had little impact on the cryptocurrency market, QCP Capital believes that BTC may maintain a range fluctuation between $58,000 and $65,000 in the short term, as the market is waiting for a positive catalyst to break through this range.

ChainCatcher news, according to the Montenegrin daily Vijesti, the Supreme Court panel of Montenegro will decide by this weekend whether to postpone the extradition of Terraform Labs co-founder Do Kwon to South Korea. The Office of the National Prosecutor of Montenegro has requested the Supreme Court to review the legality of the ruling made by the Montenegrin Court of Appeals and proposed to delay the execution of that ruling. The prosecutor's office believes that the ruling of the Court of Appeals violates the Law on International Legal Assistance in Criminal Matters.Previous news, according to Bloomberg, the Montenegrin Court of Appeals upheld the ruling that Terraform Labs Pte. co-founder Do Kwon should be sent back to his home country of South Korea, thereby rejecting the suggestion to extradite him to the United States.

According to ChainCatcher news, the official announcement states that the first active validation service (AVS) network built on a re-staking protocol in the Bitcoin ecosystem, Pell Network, has surpassed a TVL of $170 million. Pell has been deployed on BNB Chain, Bitlayer, Merlin Chain, and BounceBit, with over 16,000 users participating in staking.To accelerate the closure of the entire AVS ecosystem construction loop, Pell has also partnered with the industry-leading node operation service platform Edgevana.

ChainCatcher news, Bitcoin ecosystem AVS service Pell Network TVL surpasses 130 million USD,It is reported that Pell Network is the first Restaking project on BNB Chain, with TVL exceeding 3 million USD in just one day after launch.

ChainCatcher news, the Bitcoin native Layer 2 network Bitlayer has announced the upcoming two-week Mining Gala event, which will take place from May 27 to June 10. The Mining Gala is a token airdrop event initiated by Bitlayer in collaboration with seven project parties: Lorenzo, Bitsmiley, Avalon, Bitcow, Pell, Enzo, and Bitparty, with a total token reward value of up to 23.24 million dollars. Most projects are expected to have their TGE within 1 to 2 months.In addition, the seven project parties have committed to distributing 100% of the airdrop rewards obtained from the Bitlayer Dapp leaderboard competition to users. Users can participate in any project interactions, such as adding liquidity, trading, staking, and borrowing assets, to receive dual airdrop rewards from both the projects and Bitlayer. Users can participate in the main event through the Bitlayer official website or join the event on the People's Launchpad platform to obtain an exclusive badge SBT, which can be exchanged for Bitlayer ecological rights in the future.

ChainCatcher news, according to @ai_9684xtpa's monitoring, after five days, DWF Labs transferred 150 million SPELL to Binance, approximately 250,000 USD. It currently still has 170 million SPELL remaining, with an unrealized profit of 216,000 USD.

ChainCatcher news, according to Digital Asset, the High Court of Podgorica, the capital of Montenegro, stated that "the decision to extradite Terraform Labs founder Do Kwon to the United States may be overturned again."Marija Rakovic, a public information officer at the High Court of Podgorica, said, "The appellate court has overturned the high court's extradition decision twice. If Do Kwon appeals the recent extradition decision again, the appellate court may overturn the high court's decision to extradite him to the United States once more." He added, "We do not intend to predict the appellate court's ruling, but rather (in principle) indicate our position on this possibility."

ChainCatcher news, according to @ai_9684xtpa's monitoring, DWF Labs has recharged Binance with 500 million SPELL, worth $549,000. So far, a total of 1 billion SPELL has been transferred to the exchange, and they still hold 320 million.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa monitoring, DWF Labs' holding address deposited 500 million SPELL to Binance two minutes ago (accounting for 37% of the holdings), approximately 498,000 USD.It is reported that at the same time, DWF Labs also deposited 700,000 LIT to Binance (approximately 900,000 USD).

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, on September 14, 2023, DWF Labs officially announced becoming a market maker for SPELL, applying for a loan of 4.62 billion SPELL tokens and purchasing $1 million worth of SPELL at a 15% discount (locked for 24 months).It is reported that over the past five months, DWF Labs has received 4.62 billion tokens transferred from Abracadabra.Money in batches, with a cost basis of only $0.0003797 per token at the discounted price. The address currently still holds 1.32 billion SPELL (worth $1.21 million), with an unrealized profit of $770,000.

ChainCatcher news, according to Twitter user @ai_9684xtpa's monitoring, DWF Labs has received a total of 4.62 billion SPELL transferred from Abracadabra.Money in batches over the past 5 months, with a cost basis of $0.0003797 at a discounted price. The address currently still holds 1.32 billion SPELL, with an unrealized profit of $770,000.

ChainCatcher news, according to monitoring by Shield, the DeFi protocol MIM_Spell has been hacked, resulting in a loss of 6.49 million dollars.

ChainCatcher message, according to monitoring by Shield, the FTX address has transferred 1.19 billion SPELL to Coinbase Prime.