ChainCatcher news, according to The Block, Students for Trump co-founder Ryan Fournier admitted in an X Space to selling off 50% of his TIKTOK token supply, causing the project's market value to plummet from $90 million to $5 million. The token was originally issued to celebrate TikTok's unbanning in the United States.Project founder Asta stated 5 minutes before Fournier's sell-off that he had gifted him 50% of the token supply, but Fournier immediately liquidated his holdings. Fournier argued that he is a cryptocurrency novice who was deceived by Asta, claiming he "almost lost everything," and promised to compensate investors $50,000. Fournier's wallet shows a trading history of 5 months, and he was previously publicly refuted by Eric Trump for spreading false information about Trump's involvement with the RTR token.

ChainCatcher news, according to Protos, a 24-year-old Dutch law student was arrested this week on suspicion of being involved in a cryptocurrency scam worth millions of euros. The man, who called himself a "crypto banker," disappeared last year after his crypto trading scheme failed, resulting in losses of up to 4.5 million euros (approximately 4.6 million dollars) for about 300 investors, including friends and family. After hiding for a period of time, he was arrested by the police due to further evidence submitted by a foundation set up by the victims.According to one victim, despite the fact that the alleged scammer's plan was on the verge of failure, he continued to attract new investors. Investors in the Dutch cryptocurrency scam were asked to pay an investment fee of at least 5,000 euros (5,146 dollars), while he would take 50% of the profits as his reward. Lawyers pointed out that this behavior is similar to a crypto Ponzi scheme, using funds from new investors to pay back old investors.

ChainCatcher news, according to a report by The Paper, "post-00s" college student Yang Qichao issued a virtual currency abbreviated as BFF on an overseas public blockchain, and faced imprisonment due to withdrawing liquidity. The prosecution accused him of issuing fake virtual currency, misleading others to recharge 50,000 USDT, after which Yang Qichao quickly "withdrew funds," resulting in a loss of 50,000 USDT for others, constituting the crime of fraud.On February 20, 2024, the People's Court of the Nanyang High-tech Industrial Development Zone in Henan found Yang Qichao guilty of fraud, sentencing him to 4 years and 6 months in prison and imposing a fine of 30,000 yuan. On May 20, 2024, the case was heard in the second instance at the Nanyang Intermediate People's Court. Yang Qichao's defense lawyer continued to plead not guilty, arguing that the virtual currency issued by the defendant Yang Qichao has a unique and unalterable contract address, and there is no so-called "fake currency." Both the defendant and the complainant are experienced players in the cryptocurrency space and have a clear understanding of the risks involved in speculating on virtual currencies.The defendant's lawyer stated that the platform allows for the addition or withdrawal of liquidity at any time, and the defendant's actions do not violate platform rules. Furthermore, the BFF held by the victim appreciated in value due to increased liquidity after the incident, and if traded, it could be exchanged for more USDT than before, indicating that the victim did not incur any losses.

ChainCatcher news, at the Oak Grove Crypto 2024 held on April 5, Oak Grove Ventures co-founder Shawn detailed the establishment and philosophy of Oak Grove Ventures in his opening speech. His team consists of professionals from well-known institutions such as NGC, GSR Ventures, Coinbase, and Google.Shawn mentioned that Oak Grove Ventures currently has a fund size of 60 million USD, and its difference from traditional funds lies in being more professional, more flexible, and faster. Many entrepreneurs in the industry currently have a "偏科" situation, "excelling in only one subject while completely unaware that they need to study another ten subjects," lacking a holistic perspective. Good entrepreneurs need to find a good team to handle financing, marketing, branding, internationalization, listing on exchanges, market cap management, community building, ecosystem development, and long-term operations and planning, among other things. Since the Oak Grove Ventures fund is composed entirely of professionals, it will act from a more professional perspective of the entire industry, possessing a stronger viewpoint to complete the entrepreneurial process.It is reported that Oak Grove Crypto 2024 is initiated by Oak Grove Ventures and co-hosted by Polyhedra, Alchemy Pay, Ritual, and ChainCatcher, aiming to gather elite individuals in the Web3 field to discuss and anticipate the development trends of the industry over the next five years. This grand event is expected to attract 500 to 1,000 industry elites, including innovation leaders, technical experts, and industry investors. They will engage in in-depth discussions on hot topics such as AI, DePIN, gaming, crypto payments, and Bitcoin infrastructure.

ChainCatcher news, Manta Network co-founder and COO Kenny stated on Twitter that during the year before he served as a teaching assistant for Gary Gensler (current SEC Chairman) at the MIT Sloan School of Management's Crypto Finance and Blockchain Lab, as a student in Gensler's class, Gary Gensler had sent a report he wrote about BNB to Changpeng Zhao and encouraged him to get more involved in crypto. He also had in-depth discussions with Gensler about crypto projects in the summer of 2019.Kenny expressed that seeing Gensler's lawsuit against Binance and Changpeng Zhao today is an unfortunate outcome, "like watching parents argue," and hopes that "regardless of the outcome of this matter, the hard work of those wise individuals who strive to change the world in this field will be fully considered." (source link)

According to Chain Catcher news, HashKey DID has officially reached a strategic cooperation with the Hong Kong University of Science and Technology (HKUST) to provide digital identity services and co-build the metaverse campus "MetaHKUST." HashKey DID will also closely collaborate with the student-led project KOlhub to simplify the management process of users' digital assets and wallets, optimizing the experience for ordinary users entering Web3.In addition, HashKey DID will issue a limited edition OST co-designed by both parties for HKUST alumni, faculty, and students participating in the "HKUST Web3 Carnival" on November 8.It is reported that HashKey DID is a multi-chain decentralized identity data aggregator that provides identity services for Web3 users based on smart contracts, NFTs, and privacy computing. As a Web3 infrastructure, HashKey DID gathers like-minded individuals to improve Web3 DID by establishing the HashKey DID DAO. (Source link)