ChainCatcher news, according to Decrypt, the UK government has proposed a new bill that expands its powers to seize and destroy cryptocurrencies related to criminal activities. The new legislation aims to enhance law enforcement's ability to confiscate illegal crypto assets and return them to victims, while also strengthening the country's overall means to combat economic crime.In addition to expanding seizure powers, the bill also includes provisions to simplify asset recovery procedures, allowing law enforcement to recover stolen funds and return them to victims. The bill seeks to ensure that those responsible for crimes involving digital assets do not retain the benefits of their illegal activities.

ChainCatcher news, according to Theblock, Robinhood CEO Vlad Tenev tweeted that "cryptocurrency is the future" and outlined four ways the trading company intends to accelerate its industry products. He believes tokenization is a means to "unlock the true power of the crypto revolution," allowing real-world assets (such as stocks and private investments) to enter blockchain technology. Tenev believes that Robinhood has a unique advantage at the intersection of traditional finance and DeFi, enabling it to bridge the gap between the two by providing additional liquidity and other benefits of blockchain technology.

ChainCatcher news, according to The Block, the Web3 vulnerability bounty platform Immunefi has announced the launch of the AI-supported security platform Magnus, aimed at addressing the inefficiencies of current on-chain security measures and the inevitable occurrence of large-scale violations if the system remains unchanged.Magnus uses artificial intelligence to automate security operations in various aspects such as vulnerability scanning, auditing, bug bounties, on-chain monitoring, and firewalls.

ChainCatcher message, the decentralized data value infrastructure CESS Network provides usable data solutions for DeFAI (the integration of DeFi and AI, decentralized finance and artificial intelligence) by simplifying DeFi operations, lowering user thresholds, and enhancing security to promote mainstream Web3 applications.CESS enables efficient and secure data sharing for DeFAI applications through its innovative AI-LINK protocol and AI Agent Hub aggregation platform, facilitating AI-driven DeFi automation and intelligent decision-making. With its own DePIN network's storage and computing capabilities, CESS advances the intelligent process of decentralized finance, laying a solid foundation for the future AI-driven financial ecosystem.

ChainCatcher news, according to SoSovalue statistics, as of now, twenty state-level administrative regions in the United States are initiating relevant legislative procedures. Among them, fifteen states have had their bills formally received by the House and have entered the committee review stage, forming operational legal drafts. The Bitcoin Strategic Reserve Bill is creating a regional legislative wave in the U.S.Taking Utah as an example, Bill HB0230 will allow the state's four public funds (namely, the State Disaster Recovery Restricted Account, the General Fund Budget Reserve Account, the Income Tax Fund Budget Reserve Account, and the Medicaid Growth Reduction and Budget Stabilization Account) to invest up to 5% of their total assets in Bitcoin. According to the 2024 Utah financial report data, this means a potential purchasing power of over $70 million.SoSovalue analysts state that the Strategic Bitcoin Reserve Bill is not only a new breakthrough for Bitcoin in the traditional financial system but also a historic advancement. As more state governments explore similar strategies, the trend of public funds holding Bitcoin may reshape the global market's definition of Bitcoin as an asset, defining Bitcoin not just as digital gold, but as part of national and institutional asset allocation, further solidifying its position in the global financial system.

ChainCatcher news, according to RIA Novosti, in 2024, the Russian power company "Rosseti" suffered losses exceeding 1.3 billion rubles due to illegal connections to the grid by "black miners" and unmetered electricity consumption. Among them, "Rosseti North Caucasus" suffered the largest loss, exceeding 600 million rubles; "Rosseti Novosibirsk" lost 400 million rubles; and "Rosseti Central and Volga" lost 120 million rubles.The company reported that 130 cases of illegal connections have been investigated, and the cases have been handed over to law enforcement agencies, with over 40 criminal cases initiated involving charges that could lead to actual prison sentences. Illegal mining has also caused overloads in the power grid, leading to low voltage that could damage equipment and appliances. For example, in the village of Chapayevskoye in the North Caucasus, power companies and law enforcement discovered nearly 200 mining machines consuming over 12,000 kilowatt-hours of electricity.In addition, illegal mining sites are not only found in industrial areas but also involve various locations from containers on rented land to underground parking lots in residential complexes. The largest case occurred in Novosibirsk, where more than 3,200 mining machines were seized, resulting in losses from electricity theft amounting to 197 million rubles, and the suspects have been detained.

ChainCatcher news, according to TASS, Aisen Nikolaev, chairman of the Russian State Duma Energy Committee, has proposed plans to establish dedicated power plants for cryptocurrency mining activities. These power plants will specifically serve the cryptocurrency mining community and will not connect to the public power grid.Nikolaev stated that the State Duma Energy Committee is in communication with the Ministry of Energy regarding cryptocurrency mining issues. He believes that innovative solutions will emerge in the near future, allowing Moscow to develop its cryptocurrency mining business while protecting the interests of the public. It is reported that the electricity used for mining in some regions of Russia has already reached an "out of control" state, leading to capacity shortages and affecting the power supply quality for residents and businesses.

ChainCatcher News: The website of the Central Commission for Discipline Inspection and the National Supervisory Commission of China recently published an article pointing out that the integrity risks in the construction of financial information systems are becoming increasingly prominent, especially the issues of "difficult management, difficult supervision, and difficult accountability" caused by high professional and technical barriers.During the investigation of the corruption case of Yao Qian, the former director of the Science and Technology Supervision Department of the China Securities Regulatory Commission (CSRC), the discipline inspection and supervision team stationed at the CSRC discovered that he used virtual currency for power-for-money transactions, which were highly concealed and difficult to gather evidence. Yao Qian accepted huge bribes through his position, providing assistance to others in the procurement of information systems, involving project contracting, fund allocation, and other aspects.In response to the issues exposed by the case, the discipline inspection and supervision team proposed supervision opinions to the CSRC Party Committee, urging the strengthening of integrity risk prevention and control in information system procurement, and reinforcing system construction and implementation. At the same time, it emphasized the need to strengthen the education, management, and supervision of professional and technical personnel, especially the "top leaders," to correct the erroneous thinking of some cadres who believe their integrity risks are low, and to enhance their political awareness and discipline consciousness.In November last year, Yao Qian was subjected to disciplinary review and supervisory investigation by the discipline inspection and supervision team stationed at the CSRC and the Shantou Municipal Supervisory Commission in Guangdong Province for serious violations of discipline and law. This case further highlights the importance of integrity risk prevention and control in the field of financial technology supervision.

ChainCatcher news, QCP Capital stated on its official channel that the CPI increase exceeded expectations, and the core CPI also rose, leading to market expectations that the Federal Reserve's first rate cut will be delayed until December, triggering a sell-off. Bitcoin dropped from $96,500 to $94,000, with $163 million in long positions being liquidated, but then rebounded to $98,000, a gain of 4.4%.In the options market, recently expiring call options are actively traded, especially those with strike prices between $97,000 and $100,000. The market is paying attention to Trump's reaction to the CPI and its impact on Federal Reserve policy. Powell is expected to remain cautious and adhere to data-driven rate cut decisions. Overall, the buy-the-dip strategy has performed well amid market volatility, and investors need to closely monitor the Federal Reserve's policy direction and changes in market sentiment.

ChainCatcher news, according to The Washington Post, U.S. President Trump took unprecedented actions in the first three weeks of his second term to weaken the power of federal agencies, suspend or cancel billions of dollars in authorized spending, and lay off tens of thousands of federal employees, triggering over 50 legal lawsuits.The "Department of Government Efficiency" (DOGE) led by Musk has intervened in the operations of 18 federal agencies, attempting to terminate 199 government contracts and pushing for a $1 trillion cut in the federal budget. A White House spokesperson stated that the courts' obstruction of Trump's executive orders is an "abuse" of the law. However, legal experts warn that if the government openly ignores court rulings, the U.S. may face a constitutional crisis.Trump's supporters believe these measures are correcting the overreach of federal agency power, while Democrats and some legal professionals argue that this marks an extreme expansion of executive power that could undermine the constitutional order of the United States.

ChainCatcher news, Federal Reserve Chairman Powell warned on Wednesday not to overinterpret the data showing the largest month-on-month increase in the Consumer Price Index (CPI) in over a year, while also acknowledging that the readings were significantly higher than expected.During a hearing before the House Financial Services Committee, Powell stated, "The CPI readings are almost above all forecasts, but I want to remind you of two points. First, we will not get excited over one or two good readings, nor will we get excited over one or two bad readings. Second, our inflation target focuses on the Personal Consumption Expenditures (PCE) price index because we believe it is a better measure of inflation. Therefore, you need to understand the conversion from CPI to PCE, and tomorrow we will get more relevant data from the Producer Price Index (PPI). Later tomorrow, we will know how the PCE readings look."

ChainCatcher news, Federal Reserve Chairman Powell stated that we do not want to hinder banks from providing services to legitimate customers using cryptocurrency. It is appropriate to ensure that we understand the associated risks when banks engage in cryptocurrency activities on their own. (Jin Shi)

ChainCatcher news, Federal Reserve Chairman Powell stated that many cryptocurrency-related activities can be conducted entirely within banks. (Jin Shi)

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that in hindsight, tightening policies earlier would have been a good move, but it is uncertain how much difference taking action sooner would have made.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that he would not resign even if President Trump requests it.

ChainCatcher news, according to Jin10, Federal Reserve Chairman Powell stated that there will be appropriate and cautious adjustments to the Federal Reserve's framework. When asked whether the Federal Reserve would allow the government efficiency department DOGE to access Federal Reserve data, he stated that there has been no contact with them and there is no news to report at this time.