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according to Caixin, on February 16 and 17, the UK High Court held a two-day asset disposal hearing for a money laundering case involving 60,000 bitcoins. According to the information disclosed at the hearing, more than 11,300 Chinese victims intend to submit claims to the UK High Court. However, this accounts for only 8.8% of the 128,409 victims. More than ten thousand people are making cross-border claims, and the registration deadline for the recovery of 60,000 bitcoins in the UK is May 22.

[Caixin: Over 10,000 people have filed cross-border lawsuits in the Qian Zhimin case; registration for the UK's pursuit of 60,000 bitcoins closes on May 22.]according to Caixin, on February 16 and 17, the UK High Court held a two-day asset disposal hearing for a money laundering case involving 60,000 bitcoins. According to the information disclosed at the hearing, more than 11,300 Chinese victims intend to submit claims to the UK High Court. However, this accounts for only 8.8% of the 128,409 victims. More than ten thousand people are making cross-border claims, and the registration deadline for the recovery of 60,000 bitcoins in the UK is May 22.

Caixin: Over 10,000 people have filed cross-border lawsuits in the Qian Zhimin case; registration for the UK's pursuit of 60,000 bitcoins closes on May 22.

On February 24, Wang Chuang, head of the Civil Division II of the Supreme People's Court, stated at the press conference on "The People's Court's Civil and Commercial Trial Service Guaranteeing High-Quality Economic and Social Development" that "in the future, efforts will focus on promoting the formulation of judicial interpretations on civil compensation for insider trading and market manipulation in the securities market, deeply researching judicial response measures for new types of financial cases such as private equity funds and virtual currencies, and improving the financial judicial protection system."

[Supreme People's Court: Conduct in-depth research on judicial response measures for new types of cases involving virtual currencies, and improve the financial judicial protection system.]On February 24, Wang Chuang, head of the Civil Division II of the Supreme People's Court, stated at the press conference on "The People's Court's Civil and Commercial Trial Service Guaranteeing High-Quality Economic and Social Development" that "in the future, efforts will focus on promoting the formulation of judicial interpretations on civil compensation for insider trading and market manipulation in the securities market, deeply researching judicial response measures for new types of financial cases such as private equity funds and virtual currencies, and improving the financial judicial protection system."

Supreme People's Court: Conduct in-depth research on judicial response measures for new types of cases involving virtual currencies, and improve the financial judicial protection system.

&nbsp;former payment and digital asset practitioner Aaron announced that his founded company Rhythmic has completed a $4 million seed round led by Dragonfly, with participation from Mirana, The Fintech Fund, and others. Rhythmic is building a financial infrastructure platform for consumer internet companies, embedding accounts, stored value, cards, and reward systems natively into products, with stablecoins handling fund flow and settlement at the underlying level. For users, the front end only reflects "holding balances, earning rewards, and spending freely," without directly interacting with wallets or the concept of "using stablecoins." The funding round will be used to improve the core platform, connect with the first batch of partners, and expand the engineering and compliance teams.

[Rhythmic raises $4 million in seed funding, led by Dragonfly.]&nbsp;former payment and digital asset practitioner Aaron announced that his founded company Rhythmic has completed a $4 million seed round led by Dragonfly, with participation from Mirana, The Fintech Fund, and others. Rhythmic is building a financial infrastructure platform for consumer internet companies, embedding accounts, stored value, cards, and reward systems natively into products, with stablecoins handling fund flow and settlement at the underlying level. For users, the front end only reflects "holding balances, earning rewards, and spending freely," without directly interacting with wallets or the concept of "using stablecoins." The funding round will be used to improve the core platform, connect with the first batch of partners, and expand the engineering and compliance teams.

Rhythmic raises $4 million in seed funding, led by Dragonfly.

according to Onchain Lens monitoring, "Maji Dage" Huang Licheng's 25x leveraged long position on Ethereum has been fully liquidated, with a total loss of approximately 29 million USD at this address.

[Huang Licheng, known as "Brother Machi," had his ETH long positions with 25x leverage completely liquidated.]according to Onchain Lens monitoring, "Maji Dage" Huang Licheng's 25x leveraged long position on Ethereum has been fully liquidated, with a total loss of approximately 29 million USD at this address.

Huang Licheng, known as "Brother Machi," had his ETH long positions with 25x leverage completely liquidated.

&nbsp;A-shares opened, the Shanghai Composite Index at 4129.13 points, opening up 1.15%, the Shenzhen Component Index at 14313.86 points, opening up 1.52%, the Shenzhen Blockchain 50 Index at 4267.75 points, opening up 0.89%. The blockchain sector opened up 0.9%, and the digital currency sector opened up 0.76%.

[A-shares opened higher: The Shenzhen Blockchain 50 Index rose 0.89%.]&nbsp;A-shares opened, the Shanghai Composite Index at 4129.13 points, opening up 1.15%, the Shenzhen Component Index at 14313.86 points, opening up 1.52%, the Shenzhen Blockchain 50 Index at 4267.75 points, opening up 0.89%. The blockchain sector opened up 0.9%, and the digital currency sector opened up 0.76%.

A-shares opened higher: The Shenzhen Blockchain 50 Index rose 0.89%.

&nbsp;spot gold has fallen below $5150/oz, with a daily decline of 1.50%. Spot silver has dropped below $85/oz, with a daily decline of 3.67%.

[Spot gold fell below $5,150 per ounce]&nbsp;spot gold has fallen below $5150/oz, with a daily decline of 1.50%. Spot silver has dropped below $85/oz, with a daily decline of 3.67%.

Spot gold fell below $5,150 per ounce

&nbsp;the Trump family's crypto project World Liberty Fi once again posted on the X platform to clarify that WLFI and the USD1 smart contract and wallet were not hacked. The previously disclosed incident only involved unauthorized access to the X account of the project's co-founder and did not target the wallet or protocol infrastructure. All smart contracts remain unaffected. All USD1 funds are still completely safe and reliable, with sufficient funding support, and the infrastructure and team operations are fully as expected.

[World Liberty Fi reiterates that its smart contracts and wallets for WLFI and USD1 have not been hacked.]&nbsp;the Trump family's crypto project World Liberty Fi once again posted on the X platform to clarify that WLFI and the USD1 smart contract and wallet were not hacked. The previously disclosed incident only involved unauthorized access to the X account of the project's co-founder and did not target the wallet or protocol infrastructure. All smart contracts remain unaffected. All USD1 funds are still completely safe and reliable, with sufficient funding support, and the infrastructure and team operations are fully as expected.

World Liberty Fi reiterates that its smart contracts and wallets for WLFI and USD1 have not been hacked.

&nbsp;the U.S. Securities and Exchange Commission (SEC) announced that its Division of Investment Management has granted an exemption to WisdomTree's tokenized money market fund, WisdomTree Treasury Money Market Digital Fund. According to this exemption, investors can buy and sell shares of the money market fund (MMF) through dealers at a price of $1 per share during trading hours, without being subject to the daily closing net asset value (NAV) restrictions. The fund issues tokenized shares on the blockchain. This regulatory exemption allows investors to continuously trade tokenized fund shares with dealers during trading hours and achieve faster settlement speeds compared to traditional models. The SEC added that this move provides flexibility for the operation of tokenized fund products under the current regulatory framework, helping to improve trading efficiency and settlement experience.

[The US SEC has approved WisdomTree's application for an exemption from its tokenized money market fund application.]&nbsp;the U.S. Securities and Exchange Commission (SEC) announced that its Division of Investment Management has granted an exemption to WisdomTree's tokenized money market fund, WisdomTree Treasury Money Market Digital Fund. According to this exemption, investors can buy and sell shares of the money market fund (MMF) through dealers at a price of $1 per share during trading hours, without being subject to the daily closing net asset value (NAV) restrictions. The fund issues tokenized shares on the blockchain. This regulatory exemption allows investors to continuously trade tokenized fund shares with dealers during trading hours and achieve faster settlement speeds compared to traditional models. The SEC added that this move provides flexibility for the operation of tokenized fund products under the current regulatory framework, helping to improve trading efficiency and settlement experience.

The US SEC has approved WisdomTree's application for an exemption from its tokenized money market fund application.

&nbsp;according to Ark Invest Tracker, Cathie Wood's Ark Invest increased its holdings by 477,444 shares of Figma stock (about 11.81 million USD) and 47,175 shares of Brera Holdings stock (about 47,000 USD) yesterday.

[Ark Invest increased its holdings of Figma by 477,444 shares and Brera Holdings by 47,175 shares yesterday.]&nbsp;according to Ark Invest Tracker, Cathie Wood's Ark Invest increased its holdings by 477,444 shares of Figma stock (about 11.81 million USD) and 47,175 shares of Brera Holdings stock (about 47,000 USD) yesterday.

Ark Invest increased its holdings of Figma by 477,444 shares and Brera Holdings by 47,175 shares yesterday.

According to Cointelegraph, Voyager Digital has preferred not sue its top executives for incompetence, in spite of their role in approving a huge loan to Three Arrows Capital (3AC) without adequate due diligence. That loan was a key element leading to Voyager Digital’s bankruptcy. Court papers filed Oct. 17 show that a Voyager Digital internal special committee has proposed that CEO Stephen Ehrlich and chief commercial officer (formerly chief financial officer) Evan Psaropolous keep their jobs and not be sued. The committee did not find any evidence of fraud in the executives’ actions. According to the court filing, Ehrlich and Psaropolous are “making additional contributions to the [Reorganization] Plan pursuant to the settlements reached with the Special Committee.” Ehrlich will pay the company $1.125 million in cash under the committee’s proposal, which is subject to approval by the bankruptcy judge. The company has $20 million in directors and officers liability insurance to make claims against as well.

Detail

【Voyager Digital won’t sue its executives for incompetence, will claim insurance on them】According to Cointelegraph, Voyager Digital has preferred not sue its top executives for incompetence, in spite of their role in approving a huge loan to Three Arrows Capital (3AC) without adequate due diligence. That loan was a key element leading to Voyager Digital’s bankruptcy. Court papers filed Oct. 17 show that a Voyager Digital internal special committee has proposed that CEO Stephen Ehrlich and chief commercial officer (formerly chief financial officer) Evan Psaropolous keep their jobs and not be sued. The committee did not find any evidence of fraud in the executives’ actions. According to the court filing, Ehrlich and Psaropolous are “making additional contributions to the [Reorganization] Plan pursuant to the settlements reached with the Special Committee.” Ehrlich will pay the company $1.125 million in cash under the committee’s proposal, which is subject to approval by the bankruptcy judge. The company has $20 million in directors and officers liability insurance to make claims against as well.

Voyager Digital won’t sue its executives for incompetence, will claim insurance on them

Ethereum Repricing: From Rollup-Centric to 'Security Settlement Layer'

The Rise of Layer 3: How Application-Specific Layers Are Powering Specialized DeFi Innovation

Memecore [M] fades from $1.60 peak – But THESE 2 metrics suggest…

Machi Big Brother vs. the market: Why is he still betting big on Bitcoin and Ethereum?

BTC Fluctuating Between 66K-70K: Intraweek Precise Price Point Analysis

Crypto Stablecoin Liquidity Shifts As Bear Market Deepens – What The Data Reveal

BlackRock sets 0.25% fee for staked Ethereum ETF – Details

TRON price eyes $0.32 – Can institutional buying of 177K TRX save bulls?

Ethereum locks 50% of supply, yet ETH dips below $2K – How?

Change Of Heart? Hacker Returns $21M Stolen Bitcoin To South Korean Prosecutors

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BTC breaks through $66,000

Voyager Digital won’t sue its executives for incompetence, will claim insurance on them

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