ChainCatcher news, Binance founder Zhao Changpeng posted on X platform, pointing out that users' inability to hold Bitcoin for the long term often stems from a lack of understanding of technology, finance, and the mechanisms of the world.He stated that if one buys Bitcoin solely based on recommendations from others, they are more likely to panic sell during fluctuations. He suggests that investors read more relevant materials to enhance their understanding and conviction.

ChainCatcher News, Bank of America stated that it is willing to issue its own stablecoin if Congress enacts relevant legislation.Bank of America is the second-largest lending institution in the United States, and its CEO Brian Moynihan has previously stated, "As long as legislation allows, we will enter the stablecoin business."

ChainCatcher news, Movement Labs posted on platform X that it has noted media reports. Movement Labs and the Movement Network Foundation have commissioned a third party to conduct a thorough review of the abnormal situations with market makers. The review of Groom Lake is still ongoing, and once all details are gathered, the investigation results will be shared. Significant governance reforms will be made based on the review results to ensure that similar incidents do not occur in the future.Previous news, Movement Labs is investigating the sell-off triggered by the control grant agreement of 66 million MOVE tokens.

ChainCatcher news, the Federal Reserve announced on Thursday the withdrawal of regulatory guidance regarding banks' cryptocurrency assets and dollar token businesses, and simultaneously updated the relevant business expectation standards. This move aims to ensure that regulatory requirements keep pace with the evolution of risks and further support innovation in the banking system.The announcement shows that the Federal Reserve has officially abolished the regulatory letter issued in 2022, which previously required state member banks to report in advance on proposed or existing cryptocurrency asset businesses. After the withdrawal, the Federal Reserve will no longer require banks to fulfill reporting obligations, instead opting to monitor related activities through regular regulatory procedures. Also abolished is the 2023 guidance document regarding the "no objection" procedure for state member banks participating in dollar token businesses.In addition, the Federal Reserve and the Federal Deposit Insurance Corporation jointly decided to withdraw two policy statements regarding banks' cryptocurrency asset businesses and risk exposures, which were jointly issued by federal banking regulators in 2023. The Office of the Comptroller of the Currency had previously withdrawn from that statement. The Federal Reserve stated that it will collaborate with other regulatory agencies in the future to assess whether new guidance frameworks are needed to support innovation, including cryptocurrency asset businesses.

ChainCatcher news, Sun Yuchen responded to the WSJ report on X, stating: "I am not aware of the rumors circulating online at the moment. Zhao Changpeng is my mentor and friend, as well as my benefactor. During my entrepreneurial journey, he has provided me with attention, guidance, and direction! To this day, his principles and style of conduct remain the highest standards I strive for as an entrepreneur. Meanwhile, the U.S. Department of Justice has always been one of our closest and most trusted partners at T3FCU. We have worked together to handle numerous important cases aimed at protecting global users and punishing criminal organizations worldwide. Whether it is Zhao Changpeng or our partners at the Department of Justice, we always maintain direct and honest communication. I have complete trust in each of them. Under the wise leadership of President Trump’s cryptocurrency policy, the U.S. cryptocurrency industry is bound to achieve greater success. As one of the first cryptocurrencies chosen by the president, TRX will also benefit from this success."Previously, the WSJ reported today that Zhao Changpeng had agreed to provide evidence regarding Sun Yuchen's financial crimes to the prosecution when he pleaded guilty.

ChainCatcher news, according to Hong Kong media Sing Tao Daily, regarding the recent $500 million cryptocurrency trust fraud case, the chairman of the Hong Kong Legislative Council's Web3 and Virtual Assets Development Subcommittee, Wu Jietzhuang, stated, "Hong Kong is actively attracting foreign investment, including mainland funds, but in fact, many outsiders have a very superficial understanding of Hong Kong's system, and there are even many misunderstandings. I believe this is a problem that needs to be addressed. The FDT incident has international implications, and the authorities must quickly re-examine different regulatory systems to respond to society.Due to the lack of a custodial regulatory system, many times Web3 companies rely on trust companies to help third parties custody assets. If this is done properly, there is no problem, but those with ulterior motives may exploit this loophole to engage in illegal activities. I am concerned that external confidence in Hong Kong may weaken, and I suggest that the authorities should increase public education and examine whether there is room for optimization."Legislative Council financial sector member Chan Chan-ying pointed out that if assets are entrusted to a trust company in the form of a company, a regulatory vacuum may arise. He advised investors to carefully investigate the company's background and called for consideration of including "trusts" within the scope of legal regulation.

ChainCatcher message, Binance co-founder He Yi responded to today's "ACT and other meme coins plummet" incident, stating that the corresponding team is preparing a detailed response.

ChainCatcher message, on-chain analyst @ai_9684xtpa released a review of the Hyperliquid vault being attacked again:The 50x leverage whale on Hyperliquid previously used the Hyperliquid mechanism to "actively liquidate 160,000 ETH long positions" and withdrew a profit of $1.857 million;More cunning target selection: At that time, the 50x leverage whale on Hyperliquid chose ETH as the target, while this time the attacker’s target was the Memecoin $Jellyjelly, which had a depth difference of N times, making price manipulation much easier.Setting bait with airdrop: Address 0xde9...f5c91 opened a $4.08 million short position on $JELLY on Hyperliquid, with an opening price of $0.0095 and a margin of 3.5 million USDC.Replaying the active liquidation: Another address Hc8gN...WRcwq, after opening the short position, collaborated to crash the spot price, creating floating profit space for the short position, while the opening address withdrew 2.76 million USDC in margin, using the same trick to have the position liquidated and taken over by the vault.Turning around to buy and empty the vault: Two waves of intensive buying starting at 21:01 and 21:45 further enlarged the vault's floating loss until the amount became significant enough to attract market attention.As long as jellyjelly does not drop, retail investors in HLP will withdraw their funds; the more withdrawals, the lower the liquidation price, which can be understood as "the early runners profit at the expense of the late runners." Subsequently, HLP may experience a bank run, and eventually, it may not even require jellyjelly to pull much from the vault to be forcibly liquidated due to insufficient margin... However, currently, HLP's TVL has decreased by about $20 million, and the liquidation price for the short position has dropped to around $0.14. The last buying operation of the address manipulating the coin price was 1 hour ago; this address currently holds 124 million jellyjelly (worth $4.86 million), making it the top holding address on-chain. This address currently has no more funds available for buying, which is also the main reason for the significant price fluctuations that followed. As one of the main competitors of Hyperliquid, if Binance releases related positive news, such as listing jellyjelly spot or others, it will directly kill the competition.

ChainCatcher message, on-chain detective ZachXBT announced commonly used investigation tools, including:Cielo - wallet tracking (EVM, Bitcoin, Solana, Tron, etc.);TRM - create charts for addresses/transactions;LeakPeek - database queries;Arkham - multi-chain block explorer;Archive Today - archive web pages;Etherscan/Solscan - block explorers, etc.In addition, ZachXBT specifically clarified that he does not receive compensation from these platforms and there are no referral links to share.

ChainCatcher message, 1inch disclosed that its team discovered a vulnerability in the parser smart contract implemented with the outdated Fusion v1 on March 5. This vulnerability does not affect the security of end users' funds but may impact those who use the parser in their own contracts with Fusion v1.Although user funds are secure, 1inch is actively collaborating with the affected parsers to ensure their systems are secure. The 1inch team urges all parsers to immediately audit and update their contracts.

ChainCatcher news, U.S. Senator Cynthia Lummis, who is promoting legislation for Bitcoin as a strategic reserve, stated that the executive order from the Trump administration is just the beginning, suggesting that more related policies may emerge in the future to promote the role of Bitcoin in national reserves.

ChainCatcher news, according to Jinshi reports, U.S. Secretary of Commerce Ross stated, "President Trump will decide on the tariff issue today, and we will release relevant information on Tuesday."

ChainCatcher news, according to Decrypt, Irina Podnosova, the chairwoman of the Supreme Court of Russia, stated at the annual judges' meeting attended by President Putin that with the proliferation of cryptocurrency in the economy, there has been a significant increase in criminal cases involving digital currencies.The Supreme Court is preparing new legislation to classify cryptocurrency as property in criminal cases.

ChainCatcher news, according to a tweet by Fox Business reporter Eleanor Terrett, sources revealed that the U.S. SEC is very interested in "staking" and has even requested the industry to provide a memorandum detailing the different types of staking and their benefits.The source expects that the U.S. SEC will issue some form of guidance regarding staking in the near future, as it is a topic they are keen on.

ChainCatcher news, according to CoinDesk, the Abu Dhabi branch of asset management firm Brevan Howard Digital has deployed $20 million to the Ethereum-based on-chain financial network Kinto.Kinto is a blockchain platform designed specifically for institutional participation in decentralized finance (DeFi), and this investment marks a growing trend of traditional financial companies engaging in the DeFi ecosystem.

ChainCatcher message, Solayer team member Chaofan Shou posted on platform X stating: "Arunkumar Sugadevan is not related to LIBRA. They just share the same market maker. I sincerely apologize for this misinformation. Arunkumar is located in Germany, while the relevant market maker is in Delhi, and is not Kelsier. More information will be announced soon."

ChainCatcher news, according to Coindesk, Blockchain.com has appointed former Goldman Sachs crypto investment banking head Justin Evans as Chief Financial Officer and former Point72 asset management investment manager Mike Wilcox as Chief Operating Officer, who previously served as Chief Financial Officer of Velocity Global.It is reported that Blockchain.com plans to increase its workforce by 50% to further advance its IPO plans. Justin Evans stated that the company is taking the necessary steps to prepare for the listing.