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According to GMGN monitoring, the market value of the Base ecosystem meme coin CLAWNCH has recently continued to rebound, surging approximately 38% this morning, reaching a peak of $18.5 million, currently reported at $17.2 million, with a current price of about $0.00017 and a 24-hour trading volume of $2.2 million.ChainCatcher reminds users that meme coin trading is highly volatile, largely dependent on market sentiment and conceptual speculation, and has no actual value or use case. Investors should be aware of the risks.

At a hearing of the House Financial Services Committee, several Democratic lawmakers questioned SEC Chairman Paul Atkins regarding the recent reduction in enforcement actions against the cryptocurrency industry by the U.S. Securities and Exchange Commission (SEC), expressing concerns about whether these decisions are linked to Trump and his connections to the crypto industry.Lawmakers specifically mentioned the SEC's suspension of the case against Tron founder Justin Sun and the withdrawal of the lawsuit against Binance. Democratic Congressman Stephen Lynch stated during the hearing that the decline in SEC enforcement has impacted the agency's reputation and demanded an explanation for why the related cases were not pursued further. The SEC had previously sued Justin Sun in 2023 for allegedly issuing unregistered securities and manipulating trading volumes, but later in 2025, it applied to pause the case to explore settlement possibilities; in May of the same year, the SEC withdrew its lawsuit against Binance under Atkins's leadership.Data shows that in 2025, the SEC's overall enforcement actions decreased by about 30% compared to the previous year, with crypto-related cases dropping by approximately 60%, which is viewed by outsiders as a signal of a shift in regulatory focus. In response, Atkins stated that the SEC still maintains a "strong enforcement presence" and noted that some changes are part of the normal adjustments following a change in regulatory leadership.

According to DL News, the founding team of Uniswap Labs won a patent infringement lawsuit this week. The case against its decentralized exchange (DEX) was brought by the founders of Bancor, but New York District Judge John Koeltl ruled on Tuesday to dismiss the lawsuit, stating that the plaintiff failed to present a reasonable request for relief. The case involves the code used in Uniswap's original protocol from 2018.Bprotocol Foundation and LocalCoin Ltd. accused the code of belonging to Bancor's patented infrastructure, claiming that Uniswap Labs "profited significantly" without permission. Uniswap's Assistant General Counsel Jolie Yang stated, "This victory is significant for the DeFi community, protecting developers to innovate and improve existing concepts without the worry of patent trolls." The ruling noted that Bancor's patent claims abstract concepts like currency exchange, which are not protected under U.S. patent law. The mechanism (CPAMM) was initially proposed by Bancor in 2017, promoted by Uniswap in 2018, and became a mainstream design for early DEXs; Bancor had previously open-sourced the CPAMM code.

The South Korean cryptocurrency exchange Bithumb has acknowledged serious flaws in its internal systems, which led to mistakenly transferring 620,000 bitcoins to users instead of the intended 620,000 Korean won. Bithumb CEO Lee Jae-won stated that the incident was primarily due to a 24-hour delay in transaction processing and a lag in updating cryptocurrency holdings.Although the exchange has recovered most of the bitcoins, there are still 1,786 bitcoins that were sold before the accounts were frozen and have not yet been retrieved. South Korean lawmakers have expressed concerns about the lack of effective regulation in the country's virtual asset market, especially in the context of South Korea having 10 million cryptocurrency investors, making it one of the most active markets in terms of trading volume globally.

On Wednesday, South Korean lawmakers questioned Bithumb CEO Lee Jae-won about a $4 billion Bitcoin transfer error caused by human error. The incident occurred during a promotional event last week, where an employee mistakenly processed customer payments in Bitcoin instead of Korean won, resulting in the creation of false Bitcoins in the market. Democratic Party lawmaker Min Byeong-deok stated that Bithumb gifted Bitcoins that the company did not own, which constitutes naked short selling.Currently, the Financial Supervisory Service has launched an investigation into the compliance systems and risk management of the country's second-largest digital asset platform. Financial Services Commission Vice Chairman Kwon Dae-young stated that the government believes this incident has exposed risks related to virtual assets and vulnerabilities in internal control systems, and will seek institutional reforms through an emergency response team, including inspections of all exchanges.

Uniswap founder Hayden Adams posted on the X platform stating that lawyers informed him that Uniswap has won the lawsuit.Previously, Bprotocol Foundation and LocalCoin Ltd. filed a lawsuit in the U.S. District Court for the Southern District of New York, accusing Uniswap Labs and Uniswap Foundation of infringing on their patent related to the constant product automated market maker (CPAMM) infrastructure obtained in 2017.Bancor claims that Uniswap used its core smart contract technology without authorization and is seeking damages. A spokesperson for Uniswap Labs previously stated that the lawsuit is baseless and argued that its protocol code has been publicly available for years.

The founder of Binance, CZ, stated in an interview with the All-In podcast, "I first met SBF at the Singapore conference in 2019. FTX had proposed forming a joint venture (JV), which was initially rejected. A subsequent proposal led to Binance investing in a 20% stake in FTX. During this process, some issues arose, including malicious defamation and poaching of employees, leading to our exit from the investment in July 2021, and we were not deeply involved as investors. There are still ongoing lawsuits, and the bankruptcy proceedings and compensation situation for FTX remain unclear."Additionally, CZ revealed that applying for a pardon requires a petition written by a lawyer, stating reasons such as whether there is excessive prosecution and whether the parties have good character, etc. The final decision rests entirely with the President of the United States, and there is no fixed or standardized procedure. Historically, most U.S. presidents typically issue pardons on their last day in office, but Biden has also granted "early pardons." CZ believes that obtaining a pardon is crucial for Binance to enter the U.S. market smoothly and compliantly, and he also thinks that the legal issues faced by Trump may, to some extent, aid in the success of the pardon application.

Crypto KOL and Rollbit partner Alex Wice posted on X platform that Ryan Salame is in prison for refusing to testify against SBF, which reflects flaws in the U.S. judicial system. Alex Wice believes that SBF was deprived of the right to present evidence during the trial, as Judge Kaplan rejected his defense based on "relying on legal advice" and excluded evidence related to solvency and service terms.Alex Wice pointed out that the narrative of the trial was a fabricated story conceived by the prosecutors and Sullivan & Cromwell, aimed at placing all blame on SBF. In fact, FTX had only a small funding gap at the time of bankruptcy; although SBF had management failures, there was no fraudulent intent, and he always tried to keep FTX running to repay customers. He believes that if SBF had not signed the bankruptcy agreement, FTX customers might have received repayments more quickly. Alex Wice calls for the release of Ryan Salame and SBF.In response to this matter, SBF's account on X platform stated: "I fundamentally agree with all of the above points. But FTX never went bankrupt. I never filed for bankruptcy. The lawyers took over the company, and 4 hours later, they submitted a false bankruptcy filing to steal the company's assets."

The Rosen Law Firm, a U.S. investor rights law firm, is investigating potential securities claims on behalf of Balancer (BAL) token investors, alleging that Balancer may have issued misleading business information to the public. This investigation stems from a Bloomberg report on November 3, which indicated that the DeFi protocol Balancer had been attacked, resulting in over $100 million in digital assets being stolen.According to monitoring by security firms PeckShield and Cyvers, the total losses from this incident are approximately $128 million. The Rosen Law Firm is currently preparing to file a class action lawsuit to seek recovery of investors' losses.

According to SlowMist's monitoring, the official plugin center ClawHub of the open-source AI Agent project OpenClaw is gradually becoming a new target for attackers to implement supply chain poisoning.Due to the platform's lack of a comprehensive and strict review mechanism, a large number of malicious skills have already infiltrated, being used to spread malicious code or deliver harmful content, posing potential security risks to developers and users. According to a report by Koi Security, 341 malicious skills were identified in a scan of 2,857 skills, reflecting a typical "plugin/extension market supply chain poisoning" pattern.SlowMist advises not to treat the "installation steps" in SKILL.md as a trusted source; any command that requires copying and pasting should be audited first; be wary of prompts that "require entering the system password/granting accessibility/system settings," as these are often points of risk escalation; prioritize obtaining dependencies and tools from official channels to avoid executing installation scripts from unknown sources.

U.S. Treasury Secretary Yellen posted on X platform expressing gratitude to Senator Cynthia Lummis for her ongoing efforts in the Senate to advance legislation on the critical market structure for digital assets. Signing the "Crypto Market Structure Bill" into law is essential; the digital asset revolution has arrived, and it is believed that as long as both parties in the U.S. lead together, this revolution can ultimately be achieved.

At 8 AM today, the market value of the Base ecosystem meme coin CLAWSTR plummeted by 87% in a short period. Compared to yesterday's peak, its cumulative decline has reached 95%, with the current market value at approximately $900,000 and a 24-hour drop of 90%. Data shows that during this round of sell-off, several early buyers who had previously made profits chose to liquidate their positions at a loss. Among them, the trader address "0xdc5" had accumulated a position of $175,000 when the market value rose to $13.5 million and recorded a profit at one point, but ultimately exited with a loss of about $124,000 after the unrealized loss expanded to 70%. Additionally, addresses like "0x090" and "0xca6" also exited with losses after early purchases or adding to their positions during the pullback in this downturn.This meme coin was jointly issued by Nostr founder Derek Ross and Bitcoin ecosystem developer Alex Gleason as a community support token for Clawstr.com, which had significantly risen to a market value of $19.9 million yesterday. ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and conceptual speculation, and has no actual value or use case, so investors should be aware of the risks.

In response to a recently circulated so-called "lawyer's letter," Binance stated that the document was not issued by Binance and is a forged document. Previously, X user Lewsiphur accused Binance of being insolvent and claimed that it would have a more severe impact on the market than FTX. Subsequently, he shared a suspected cease-and-desist letter allegedly issued by Binance, stating that failure to delete the relevant content within the specified time would result in legal action.The official Binance customer service account responded, stating: "This letter did not come from Binance, but is a forged document with strong subjective speculation. We remind users to be vigilant against false documents and misleading information." As of now, the aforementioned related accusations have not been deleted.Regarding the recent bankruptcy rumors surrounding Binance, the company has repeatedly denied them and stated that such claims lack factual basis. Binance co-founder He Yi also mentioned that the concentrated withdrawal behavior initiated in the community can be seen as a stress test to some extent, and on-chain data shows that the related activities have not led to a decrease in the platform's asset scale.

The Ministry of Public Security has announced that it has drafted the "Cyber Crime Prevention Law (Draft for Public Consultation)" and is now seeking public opinions. The content includes: no individual or organization shall knowingly harbor, transfer, acquire, sell on behalf of others, or conceal and disguise funds, data, or virtual property obtained from others' online illegal activities. No individual or organization shall knowingly use funds obtained from others' illegal activities to provide capital flow services using virtual currency or other online virtual properties.

BitMine Chairman Tom Lee recently responded to market doubts, denying that the company's substantial unrealized losses in Ethereum reserves would create a "ceiling" on future ETH prices. He stated that experiencing unrealized losses during a market downturn is an "intrinsic characteristic of the Ethereum reserve strategy, not a design flaw."Previously, some commentators claimed that BitMine's holdings of ETH had incurred approximately $6.6 billion in unrealized losses and believed that these ETH would eventually be sold off, thereby suppressing prices, even describing Lee as the "exit liquidity" for early ETH holders. In response, Lee countered that such views "misunderstand the operational logic of Ethereum reserve companies," emphasizing that BitMine's goal is to track and outperform ETH performance over complete market cycles, rather than engage in short-term trading.Data shows that over the past month, ETH prices have dropped nearly 30%, and BitMine's stock price has also fallen by about 30% during the same period. Currently, BitMine holds approximately 4.285 million ETH, accounting for about 3.5% of the circulating supply, making it the largest publicly listed Ethereum reserve company by known scale. Its holdings' market value had approached $14 billion at the end of 2025 and the beginning of 2026, before declining to below $10 billion with the market correction.Lee compared the current situation to an index ETF, stating that experiencing unrealized losses during a systemic downturn is a normal phenomenon, not a strategic failure. The debate surrounding Ethereum reserve companies has also intensified: critics argue that large reserve companies could become a potential source of selling pressure, while supporters emphasize that they are closer to long-term, index-like exposure tools.From a valuation perspective, as the market weakens, most ETH reserve companies' stock prices have fallen below their crypto asset net value (mNAV), which objectively suppresses the motivation for low-priced capital raises and limits dilution risk. Supporters believe that this mechanism acts as a "natural circuit breaker," reserving ammunition for the next cycle.

The Ministry of Public Security has announced that it has drafted the "Cyber Crime Prevention Law (Draft for Comments)" and is now publicly soliciting opinions from society, with the deadline for feedback set for March 2, 2026. The content includes: no individual or organization shall knowingly harbor, transfer, acquire, sell on behalf of others, or conceal or disguise funds, data, or virtual property obtained from others' online illegal activities.No individual or organization shall knowingly use funds obtained from others' illegal activities to provide capital flow services using virtual currency or other online virtual property for others.

Farcaster officially announced that the OpenClaw proxy now has native support, allowing users to autonomously create Farcaster accounts without manual intervention or additional verification, and directly perform actions such as posting, replying, and interacting within the protocol.According to the introduction, users only need to pay approximately 1 USDC or ETH to initiate the OpenClaw proxy, after which the proxy will automatically complete the account creation and all subsequent on-chain social activities. Farcaster stated that this move will further lower the barrier for AI proxies to access decentralized social networks, providing foundational support for the native operation of automated accounts and intelligent proxies at the protocol layer.

According to market disclosure data, Bitmine, the ETH treasury company, has an unrealized loss of up to $6.6 billion in its ETH holdings. The company's chairman, Tom Lee, responded on the X platform, stating that some market views misunderstand the operational logic of the Ethereum treasury. Bitmine's core goal is to track ETH prices and strive for outperformance over a complete market cycle. It is normal for ETH prices to decline in sync during a downturn in the crypto market.The "unrealized losses" in ETH holdings that Bitmine is experiencing at this stage are not a systemic flaw but rather a part of the product design. He also questioned whether similar criticism should be directed at index ETFs that incur losses during downturns.Tom Lee previously emphasized that Bitmine has no liabilities, and given the strengthening fundamentals of Ethereum, the recent market pullback is "very attractive." In the long term, Ethereum will still be an important infrastructure for the future financial system.