ChainCatcher news, Arthur Cheong, founder, CEO, and CIO of Defiance Capital, stated at the "Cold Thoughts Behind the Bull Market Frenzy: Cyclical Characteristics, New Narratives, and Investment Strategies" X Space event hosted by RootData: we will see more projects conducting ICOs in the future; when discussing the current shortcomings of the industry, Arthur believes that DeFi security issues and wallet experience problems are particularly prominent, but improvements are already underway.Regarding the secondary market, Arthur stated that leverage should not be too high; industry participants should focus deeply on the sectors they are interested in.On the judgment of short-term market trends, Arthur mentioned that in the next two weeks, the trading volume and liquidity on exchanges will gradually decrease, and he does not believe there will be significant surges or drops in the market.

ChainCatcher message, on-chain analyst Ai Yi reviews the incident of the U.S. government transferring Bitcoin last night, the specific process is as follows:At 00:34, the U.S. government deposited 10,000 BTC into Coinbase.At 00:47, this portion of BTC was credited to Coinbase hot wallet 3MqUP.From 00:47 to 05:38, 10,000 BTC were distributed to 21 new addresses, with each address receiving 498.445 BTC. Currently, the tokens in these addresses have not been further transferred.Comparing with the trading volume during the corresponding time period on TradingView for Coinbase, the average trading volume during the spike was only 300 BTC over 15 minutes, and the trading volume during the rebound was similar—indicating that Coinbase did not have matching trades for the 10,000 BTC dump. Ai Yi speculates that the possible scenarios for this operation are as follows: not yet sold, planning to gradually offload through subsequent wallet distributions; already taken by an institution through OTC, and not flowing into the secondary market.

ChainCatcher news, according to Caixin reports, former Binance CEO Zhao Changpeng stated at the second Gulf Investment Forum held in Bahrain: "Many people do not know the benefits here."Zhao Changpeng also mentioned that he has learned that Hong Kong peers are actively exploring RWA, but the price fluctuations of real-world assets are relatively small, making it difficult to form sufficient trading volume in the secondary market, and liquidity tends to gradually shrink. We need to wait for innovators to propose use cases that truly bring liquidity.In addition, Zhao Changpeng expressed great optimism about investment opportunities in the Middle East, focusing not only on blockchain investments but also strategically positioning in AI, biotechnology, and other fields in the GCC countries.It is reported that after obtaining the cryptocurrency service provider license granted by the Central Bank of Bahrain, Binance has also received approval for a banking license from the CBB, which means Binance has legal currency entry and exit channels in the region.

ChainCatcher message, the Trump family's crypto project World Liberty Financial has updated the terms and conditions for the sale of its WLFI tokens. The main points are as follows:WLFI is for governance purposes only and is not an investment tool;The tokens do not grant any economic rights or ownership;All WLFI is currently indefinitely locked in wallets or smart contracts and is non-transferable;If there is a future desire to unlock the transferability of WLFI through the protocol governance process, the following conditions must be met: it must be determined that it does not violate applicable laws, and at least 12 months must have passed since the completion of the token sale;Due to the non-transferability of the tokens, the company has not taken any action and does not plan to create a secondary market for the tokens;Token purchases are non-refundable, unless required by applicable law;WLF reserves the right to refuse or cancel token purchase requests.

ChainCatcher news, Assetera launches a tokenized RWA secondary market on Polygon. Assetera is regulated by the Austrian Financial Market Authority and will deploy self-developed smart contracts on the blockchain.Assetera's target customers include retail, professional, and institutional clients, offering tokenized financial instruments such as transferable securities, money market instruments, fund units, and derivatives, as well as tokenized RWA assets like real estate and artworks. Assetera will execute transactions directly through the Polygon network, using stablecoins for purchases, clearing, and settlement, achieving fully automated operations through atomic swaps, with trading occurring around the clock.It is reported that Assetera holds a comprehensive 2018 Markets in Financial Instruments Directive (MiFID II) license and a Virtual Asset Service Provider (VASP) license.

ChainCatcher news, Multicoin Capital co-founder Kyle Samani posted on X: "Since 2019-2020, we have been seriously analyzing DeFi derivatives, and we believe that Drift Protocol is the best protocol to seize this opportunity. We have led multiple rounds of private financing and have been buying in the public market since the launch of the DRIFT token in May."

ChainCatcher news, the ether.fi protocol has released its latest operational status, stating that the protocol continues to operate safely and stably, with major market functions running normally. Today's withdrawal requests have reached a new high, and the protocol has sufficient liquidity to respond.Currently, there are 73,000 ETH in primary liquidity reserves, 27,000 ETH among exited validators, and the devamp contract has an additional 59,000 ETH available, totaling 124,000 ETH available for withdrawal. The secondary market also has 46,000 ETH in liquidity.The inflow for the day exceeded 12,000 ETH, with the usage rate of weETH in DeFi protocols maintaining above 73%. The ether.fi team stated that they will continue to monitor the market to ensure the protocol operates safely and stably.

ChainCatcher message, Web3 data analysis platform RootData has launched a user research activity for the Web3 secondary market, aiming to gain insights into the trading sentiment of retail traders and their views on market conditions. After the event, 50 participants who complete the survey will be randomly selected to receive corresponding rewards.This research covers various aspects including users' trading experience, investment strategies, information acquisition channels, and their views on current market trends. The survey also pays special attention to the application and practicality of AI in the Web3 market, as well as users' needs for various data platform features. By collecting and analyzing user feedback, RootData hopes to better understand the psychological state and behavior patterns of retail investors in the current market environment, thereby providing valuable data support for industry research and helping users develop more effective market strategies.Participate in the activity:https://forms.gle/DMafsU219943JPpK9

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on X that in the latest developments of the SEC lawsuit against Binance, the crypto industry has achieved a significant victory in terms of clarity regarding the sale of digital assets in the secondary market.Judge Amy Berman Jackson stated, "......the government's reliance on the assertion that 'crypto assets are manifestations of investment contracts,' as well as its arguments during the hearing regarding the technical nature, platform interdependence, and the performance of each token, are insufficient to categorically include the secondary sale of BNB within the scope of investment contracts.Moreover, this agreement is somewhat inconsistent with the singular theory that the government has been advancing since the filing of the lawsuit: we are not saying these tokens are securities—what we are discussing is investment contracts."Earlier today, it was reported that a federal judge dismissed part of the SEC's lawsuit against Binance and its founder CZ, but allowed other charges to proceed, including those against Binance.US.Later on Friday, Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia ruled that the SEC's claims against Binance regarding its ICO, BNB, BNB Vault, staking services, and unregistered and fraudulent charges can continue. She granted the motions of Binance and CZ, dismissing the charges related to secondary BNB sales and Simple Earn.

ChainCatcher news, according to research published by the Web3 asset data platform RootData on the X platform, indicates that through the analysis of projects that have not been listed on Binance since 2021, there are a total of 113 projects with an FDV (Fully Diluted Valuation) of less than 1 billion USD, among which 73 projects have experienced a valuation inversion between primary and secondary markets. RootData's research points out that as project valuations increase, their FDV gradually shows a negative correlation, particularly evident in projects valued between approximately 300 million to 1 billion USD. The average valuation of these inversely valued projects is 120 million USD, significantly higher than the median valuation of the total sample (113 projects) at 50 million USD, indicating that over 60% of projects have inflated valuations in the primary market.During the last bull market cycle, the FDV of many projects closely followed BTC's trends, showing a high correlation, while now, when BTC is at historical highs, the correlation of some projects' FDV with BTC has significantly decreased. Considering that the crypto market is characterized by high emotional trading, the significant decrease in correlation may also reveal that the underlying reasons are related to the current innovation dilemma in the crypto market.Earlier, ChainCatcher reported that Binance announced it would strengthen support for small and medium-sized cryptocurrency projects, inviting teams and projects with good fundamentals and sustainable business models to apply for listing on Binance, including direct listings, Launchpools, Megadrops, etc., to promote the continuous development of the blockchain ecosystem.