ChainCatcher news, according to Crypto in America, the U.S. cryptocurrency exchange Coinbase is still pursuing a Freedom of Information Act (FOIA) lawsuit against the Federal Deposit Insurance Corporation (FDIC), despite the regulator's recent shift towards a more lenient stance on cryptocurrency.

ChainCatcher news, according to Cointelegraph, GameStop stock (GME) has been restricted from trading on the New York Stock Exchange due to a 234% surge in short trading volume within 24 hours.

ChainCatcher news, the Seoul Administrative Court in South Korea has temporarily suspended the Financial Intelligence Unit (FIU)'s "three-month partial business suspension" penalty against Dunamu, the parent company of the cryptocurrency exchange Upbit. The court has approved Dunamu's administrative lawsuit and emergency suspension application, and the penalty will only be reinstated 30 days after the main case judgment takes effect. This move means that new users of Upbit can continue to recharge and withdraw cryptocurrency assets.Previously, the FIU accused Upbit of trading with unregistered overseas exchanges without real-name verification, violating the "Special Financial Transactions Information Act."

ChainCatcher message, regarding Binance's announcement of employee insider trading details, Sun Yuchen posted on X platform saying: "Huobi and TRON will also conduct strict investigations."

ChainCatcher news, encrypted KOL Thomas John Sfraga, also known as "TJ Stone," was sentenced to 45 months in prison by U.S. District Judge Frederic Block in the Brooklyn Federal Court for wire fraud. As part of the sentence, he was ordered to forfeit $1,337,700, with the restitution amount to be determined later.

ChainCatcher news, the British Columbia Court of Appeal upheld the provincial government's decision to limit electricity use for Bitcoin mining operations, rejecting the attempts by Bitcoin mining hosting provider Conifex Timber to secure unlimited electricity usage. The court supported BC Hydro, emphasizing its priority to protect public interest, safeguard the province's power supply, and prevent consumer electricity rate increases. Due to concerns about the impact of crypto mining on energy consumption, several provinces in Canada have implemented restrictions.

ChainCatcher news, according to Bitcoin Laws, U.S. Senator Cynthia Lummis has reintroduced the Bitcoin bill to the Senate, after the previous 2024 version was shelved in committee. The new version proposes to purchase 1 million bitcoins over 5 years, similar to the previous version, but there are several key differences.The 2025 Bitcoin bill sets a stricter plan to purchase 200,000 bitcoins per year (instead of "up to" 200,000 in the 2024 version). The new version also strengthens the holding requirements and removes the exception clause regarding the repayment of federal debt instruments that was present in the previous version.The bill adds provisions to coordinate bitcoin purchases with the Exchange Stabilization Fund (ESF), which was not mentioned in the 2024 version. The ESF is a reserve fund of the U.S. Treasury, with approximately $39 billion in assets, and the executive branch's bitcoin acquisitions may draw on this fund.Regarding gold revaluation, the new version explicitly states that the proceeds from revaluing the Federal Reserve's gold will be used to purchase bitcoins, whereas the 2024 version only included these funds in the general fund, marking a significant change.

According to ChainCatcher's message, the latest "2025 Airdrop Status Report" released by Dragonfly shows that U.S. users missed out on significant cryptocurrency airdrop gains due to regional restriction policies. The report analyzed data from 12 airdrop projects (11 with regional restrictions and 1 unrestricted control project) between 2019 and 2023, estimating that between 920,000 and 5.2 million active U.S. users (accounting for 5-10% of U.S. cryptocurrency holders) were affected by these regional restriction policies.The study found that in 2024, approximately 22-24% of active crypto addresses globally belong to U.S. residents. The 11 projects in the sample collectively generated about $7.16 billion in value, with around 1.86 million users participating in claims, and the average median claim amount per eligible address was approximately $4,800. The report estimates that U.S. users lost potential gains of $1.84 billion to $2.64 billion due to regional restrictions between 2020 and 2024.More broadly, based on an analysis of 21 regional restriction airdrop samples by CoinGecko, U.S. users may have lost between $3.49 billion and $5.02 billion. This resulted in an estimated federal tax loss of about $418 million to $1.1 billion, and a state tax loss of approximately $107 million to $284 million, totaling tax losses of $525 million to $1.38 billion. The report also noted that the relocation of crypto businesses overseas has significantly reduced U.S. tax revenues; for example, Tether reported a profit of $6.2 billion in 2024, which, if fully subject to U.S. taxes, could contribute about $1.3 billion in federal corporate tax and $316 million in state tax.

ChainCatcher news, according to Cointelegraph, Texas State Representative Ron Reynolds submitted a bill (HB 4258) on March 10, proposing to limit the amount the state treasurer can invest in Bitcoin (BTC) or other cryptocurrencies from the "Economic Stabilization Fund" (rainy day fund) to no more than $250 million. Additionally, the bill suggests that cryptocurrency investments by Texas city and county governments should not exceed $10 million. Previously, the Texas Senate passed SB 21 on March 6, allowing the state government to establish Bitcoin reserves without setting an investment cap.If HB 4258 is passed and signed by Governor Greg Abbott, the new regulations will take effect on September 1, 2025. Meanwhile, the Trump administration issued an executive order on March 7, planning to establish a federal "strategic Bitcoin reserve," but its legality is still questioned by legal experts. Wyoming Senator Cynthia Lummis introduced a bill on March 11, attempting to formally establish a federal BTC reserve in Congress.

ChainCatcher news, Bitcoin Magazine CEO David Bailey posted on X that the implementation of the strategic Bitcoin reserve executive order is much stricter than the market expected------the timeline is detailed down to days and weeks, rather than months or years, and managers are taking swift action.

ChainCatcher news, sources reveal that Trump plans to sign an executive order as early as this week to overturn the Biden administration's policies limiting banking services for cryptocurrency companies, particularly "Operation Chokepoint 2.0." Sources indicate that the order may involve the Federal Reserve's "master account" policy, easing access for crypto banks. However, the Federal Reserve, as an independent agency, typically operates without direct influence from the White House.Additionally, the executive order may cover stablecoin regulation, clarifying that stablecoins should not be considered securities. Senior White House officials plan to meet on Thursday to assess potential legal obstacles to the executive order before submitting it for President Trump's signature.

ChainCatcher news, according to Cointelegraph, the International Monetary Fund (IMF) is seeking to tighten restrictions on public sector purchases of Bitcoin in El Salvador as part of a $1.4 billion delayed financing arrangement with the country. On March 3, the IMF submitted new requirements for an extended fund arrangement to El Salvador, including a technical memorandum that explicitly states the condition that "the public sector of El Salvador shall not voluntarily accumulate Bitcoin."The memorandum also requires restrictions on the public sector issuing "any type of debt or tokenized instruments linked to or denominated in Bitcoin that constitutes a liability for the public sector." El Salvador's Executive Director Méndez Bertolo emphasized in a statement on February 26 that the IMF's extended fund mechanism aims to "improve governance, transparency, and resilience, boosting confidence and national growth potential."Bertolo stated, "At the same time, the risks associated with Bitcoin are being mitigated. Authorities have revised the Bitcoin law to clarify the legal nature of Bitcoin and removed the essential characteristics of legal tender. Acceptance of Bitcoin will be voluntary, taxes will be paid in U.S. dollars, and the public sector's role in Bitcoin projects will be limited." The plan is expected to attract "significant additional financial support" from the World Bank, the Inter-American Development Bank, and other regional development banks.

According to Jin10 data citing the Wall Street Journal, Microsoft is urging U.S. President Trump to overhaul the export restrictions on artificial intelligence chips, calling on the Trump team to ease restrictions on chips that can be used for training AI models in data centers.

ChainCatcher news, following Coinbase and Robinhood, exchanges like Binance and Kraken may see a turnaround. The lawsuits against these platforms are based on the same regulatory logic as the Coinbase case, and the SEC's abandonment of the lawsuit will create a demonstration effect. Regulatory expert Amy Lynch stated that the enforcement of securities laws by the U.S. Securities and Exchange Commission may also be "severely limited," partly due to the influence of the Department of Government Efficiency (DOGE), as DOGE may scrutinize the SEC's internal operations more closely and attempt to streamline the agency.

ChainCatcher news, according to Cointelegraph, the state of Georgia in the United States has introduced a second Bitcoin reserve bill (SB 228), allowing the state to invest in Bitcoin without any investment restrictions.Previously, it was reported that the state of Georgia proposed a bill allowing the state treasurer to invest in Bitcoin. According to reports, the bill involves state deposit institutions to stipulate that the state deposit commission allows the state treasurer to invest in Bitcoin; sets limits on such investments; establishes requirements for the safe handling of such assets; regulates the lending of such assets; and repeals conflicting laws, among other provisions.

ChainCatcher message, Binance co-founder He Yi stated on platform X that all Binance employees have a 30-day restriction on buying and selling cryptocurrencies. After purchasing, they must wait 30 days before selling; otherwise, it will be considered a violation.

ChainCatcher message, regarding the discussion on the product strategy differences between Binance and OKX, Binance founder Zhao Changpeng responded that Binance (CEX) has always restricted employees from trading cryptocurrencies to protect user interests, but this has also made it difficult for product managers to deeply understand user needs. Zhao Changpeng stated that such decisions will be handled by the management, and he also mentioned that he will personally experience on-chain products, "Indeed, we should experience the products on Chain. Let's go try out a few meme coins later."

ChainCatcher news, according to CoinDesk, the U.S. federal court detailed the scale of assets owned by SBF before being tried and imprisoned for fraud, as well as how the U.S. government swiftly intervened to seize approximately $1 billion in financial assets and two aircraft.The final forfeiture order issued by the U.S. District Court for the Southern District of New York on Tuesday formally stripped SBF of ownership of all assets listed in a lengthy property list. Alameda's assets on Binance include: $56 million in XRP, $3.6 million in TRX, $3.4 million in ADA, $2.3 million in BTC, and dozens of other tokens.The most significant asset is the proceeds from the sale of Robinhood stock—$606 million held by SBF's Emergent Fidelity Technologies.Other financial assets include:119 million USDT held by Alameda Research on Binance;$21 million held by Emergent Fidelity Technologies at Marex;$50 million held by FTX Digital Markets at Moonstone Bank;$101 million held by FTX Digital Markets at Silvergate;$7 million held by SBF and another individual at Flagstar Bank.The list of seized assets also includes two private jets: a 2009 Bombardier Global 5000 and a 2006 Embraer Legacy.Court documents also detailed over 250 political donations that have been withdrawn from the campaigns and organizations of the recipients, including amounts donated by FTX executives at SBF's direction.

ChainCatcher news, according to the official announcement from OKX, at the request of the Pi Network project team, the PI token will be launched on spot trading using an isolated listing model, and users in certain countries and regions will not be able to recharge and trade PI. Other related rules remain unchanged.