According to ChainCatcher news, as disclosed by Julian Fahrer, the founder of Bitcoin Laws, the exposure of MSTR in public pension and financial funds in 14 U.S. states reached $632 million in the first quarter. The cumulative increase in a single quarter was $302 million, with an average holding size increase of 44%.

According to ChainCatcher news and Bitcoin Laws, the North Carolina Bitcoin Reserve Act SB327 authorizes the state treasurer to allocate up to 10% of public funds to Bitcoin. The custody is managed through multi-signature cold storage, reserves are audited monthly, and sales are only permitted under "severe financial crisis" with strict conditions. North Carolina currently has $9.5 billion in its general fund.

According to ChainCatcher, citing Yonhap News, the latest investigation by the Korean Audit and Inspection Agency (BAI) shows that a public servant in Cheongju, South Korea, embezzled 497 million won (approximately 342,000 USD) of public funds for personal cryptocurrency investments and debt repayment. The official forged documents and misused the mayor's seal to open bank accounts, transferring funds to personal accounts. The embezzled funds included disaster relief donations urgently needed after the flood in July last year.The public servant, referred to as "Mr. A," was sentenced to 5 years in prison last December, and the case is currently under review by the high court. The investigation revealed that his embezzlement activities lasted nearly 6 years (from November 2018 to May 2023). The audit report pointed out that the official was able to forge project expenditures and approve electronic transactions without proper oversight. The Cheongju City Hall has been requested to dismiss the official and take disciplinary action against other related personnel.

ChainCatcher news, according to SoSovalue statistics, as of now, twenty state-level administrative regions in the United States are initiating relevant legislative procedures. Among them, fifteen states have had their bills formally received by the House and have entered the committee review stage, forming operational legal drafts. The Bitcoin Strategic Reserve Bill is creating a regional legislative wave in the U.S.Taking Utah as an example, Bill HB0230 will allow the state's four public funds (namely, the State Disaster Recovery Restricted Account, the General Fund Budget Reserve Account, the Income Tax Fund Budget Reserve Account, and the Medicaid Growth Reduction and Budget Stabilization Account) to invest up to 5% of their total assets in Bitcoin. According to the 2024 Utah financial report data, this means a potential purchasing power of over $70 million.SoSovalue analysts state that the Strategic Bitcoin Reserve Bill is not only a new breakthrough for Bitcoin in the traditional financial system but also a historic advancement. As more state governments explore similar strategies, the trend of public funds holding Bitcoin may reshape the global market's definition of Bitcoin as an asset, defining Bitcoin not just as digital gold, but as part of national and institutional asset allocation, further solidifying its position in the global financial system.

ChainCatcher news, according to Decrypt, North Carolina Representative Deborah Ross has introduced a new bill seeking to have the state treasurer invest up to 10% of funds (over $10 billion) from the state’s funds and pension systems into a Bitcoin ETF.Although the legislation does not specifically mention Bitcoin, it proposes that the state treasurer invest in exchange-traded products that track digital assets, which have had an average market capitalization of at least $750 billion over the past 12 months.Currently, more than a dozen states in the U.S. have proposed bills to invest public funds in digital assets such as Bitcoin or stablecoins. Last week, Montana, Maryland, and Kentucky just submitted such bills. However, the scope and depth of these proposed investments vary by state, with some states allowing direct investment in cryptocurrencies, while others even specifically mention Bitcoin.

ChainCatcher news, according to Bitcoin Magazine, Iowa State Representative Taylor Collins has proposed a bill to invest public funds in Bitcoin and digital assets.

ChainCatcher News, U.S. Senator Ant Thornton has submitted the "Strategic Bitcoin Reserve Act" to the New Mexico Senate, proposing to invest 5% of public funds in Bitcoin, aiming to establish an alternative treasury for the state. The proposed 5% allocation would diversify the state's funds and allow it to benefit from the long-term appreciation of Bitcoin's price.The bill also proposes that the Bitcoin reserve be managed by the state investment officer and operate under the oversight of the state investment council. The bill further outlines the necessity of cold storage as a viable means to protect the state's Bitcoin.

ChainCatcher news, the Bitcoin public chain Side Protocol announced that it will launch The Last One public fundraising plan on November 26, 2024. This event will officially start 4 hours before the airdrop registration (Beijing time at 2 PM on the 26th) and will last for 7 days.Event highlights: The Last One countdown reward mechanismPhase 1: Each transaction purchasing more than 1,000 SIDE tokens will trigger a 10-minute countdown. If no one purchases by the end of the countdown, the buyer will directly win a reward of 1,000,000 SIDE; if other users purchase during the countdown, the timer will reset until a winner is determined.Phase 2: The second phase is the last 10 minutes of the LBP. At this time, the last participant who purchases at least 50,000 SIDE tokens will directly receive a reward of 1,000,000 SIDE.Event rules and reward pool:The total reward pool for this event is up to 3,000,000 SIDE, with a maximum of 3 lucky winners.SIDE tokens are issued based on the Solana chain, and users can convert them into native tokens after the mainnet launch in January 2025.LBP public fundraising information:The Last One event will officially start at 8 AM on November 26 on the Fjord Foundry platform.Click link to participate in the event.

ChainCatcher news, according to Yonhap News Agency, the Cheongju District Prosecutors' Office in South Korea stated on the 13th that a public official responsible for supervising the employment arrangements and support programs for North Korean defectors residing in Cheongju has embezzled 600 million won (approximately 440,000 USD) of public funds by forging various official documents over a period of about seven years since January 2017 and invested it in cryptocurrency. The prosecutors' office has now arrested and charged him with embezzlement and forgery of official documents.A spokesperson for the Cheongju District Prosecutors' Office stated that they have seized properties and assets, including apartments and vehicles, in an attempt to recover the funds. The prosecution indicated that they intend to file comprehensive charges to ensure that the defendant receives a punishment commensurate with his crimes.

ChainCatcher news, the perpetual contract protocol Rage Trade announced on X that it has completed the RAGE public offering, raising $6 million in 15 minutes.Previous news, Rage Trade released its tokenomics, which includes: 35% token sale, 30% community treasury, 15% team, 13.5% private buyers, and 6.5% airdrop.The airdrop portion consists of: 4% for V1 users, 1.25% for V2 users, and 1.25% for @HyperliquidX OG spot traders.

ChainCatcher news, according to Tencent News "Frontline" report, on April 10th, the Hong Kong Securities and Futures Commission updated the list of fund companies managing virtual assets on its official website, adding Harvest International Asset Management Company (referred to as Harvest International) and Huaxia Fund (Hong Kong) Limited (referred to as Huaxia Fund). This means that in addition to their existing traditional asset management businesses, these public funds have now added virtual asset management services.The Hong Kong Securities and Futures Commission's official website shows that there are now 18 funds in Hong Kong that can manage "crypto" assets. However, Harvest International and Huaxia Fund are among the first public funds in Hong Kong to enter the "crypto" space.It is reported that according to Hong Kong's procedures, after the Hong Kong Securities and Futures Commission approves the first batch of Bitcoin spot ETFs on April 15th, the Hong Kong Stock Exchange will need about 2 weeks to prepare for product listing and other matters. However, the entire Bitcoin spot ETF project has had detailed communication and planning with the Hong Kong Stock Exchange in advance, and it is expected to be completed in about 10 days.

ChainCatcher news, according to the U.S. Department of Justice, two school district officials in California have admitted to stealing up to $1.8 million and electricity to operate a secret cryptocurrency mining operation, renovate properties, and purchase expensive cars.Jeffrey Menge, the assistant superintendent of the Patterson Joint Unified School District, stole $1.5 million from the district over four years, while IT director Eric Drabert stole $300,000. The duo was accused of overcharging the district through a company named CenCal Tech. They also purchased high-end graphics cards and installed a cryptocurrency mining operation powered by the district's electricity. The two pleaded guilty yesterday in federal court in Sacramento and face at least 10 years in prison and a $250,000 fine.

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) has issued a notice stating that public fund products with a virtual asset proportion exceeding 10% must have their management companies, relevant investment strategies, and product custodians meet corresponding conditions. According to current regulations, generally speaking, institutions holding a Type 9 license from the Hong Kong SFC cannot have a virtual asset proportion exceeding 10% in their fund portfolios. The latest notice clarifies that if the virtual asset proportion exceeds (or is expected to exceed) 10%, the management institution must submit an application to the Hong Kong SFC, and only after obtaining approval from the Hong Kong SFC can the relevant products be sold to Hong Kong investors.The notice clearly states that, first, companies managing virtual asset funds (funds with a virtual asset proportion exceeding 10%) must have a good compliance record, and at least one employee of the company must have experience in managing virtual assets or related products. The management company must meet the existing or new requirements set by the licensing regulatory authority for virtual asset management companies.Regarding investment targets, virtual asset funds can only invest in virtual assets traded on Hong Kong licensed virtual asset trading platforms. If investing in futures, it must be in futures contracts traded on exchanges or trading platforms recognized by the Hong Kong SFC.

ChainCatcher news, Canadian securities regulators released a fund guideline mentioning that investing in crypto assets through public funds still carries high risks and may not be suitable for most retail investors. (Source link)

ChainCatcher news, Layer2 cross Rollup bridge [Orbiter finance](https://www.rootdata.com/zh/Projects/detail/Orbiter Finance?k=MjExMQ==) stated that it has not conducted any public fundraising activities and has not announced any plans to sell or list tokens on exchanges. Currently, rumors in the market regarding such news are unrelated to Orbiter Finance. (Source link)

ChainCatcher news, the on-chain asset management platform Factor based on Arbitrum raised approximately $7.6 million from over 4,000 wallets in its token issuance that ended on Friday, February 20. The public sale has concluded, and users will be able to claim their purchased FCTR tokens at 18:00 UTC on February 25 (Saturday). Meanwhile, the token will begin trading on the decentralized exchange Camelot.Factor states that its product does not require users to learn coding to create customized asset management strategies, aiming to provide middleware infrastructure for the decentralized finance (DeFi) space by aggregating various markets on its platform. Holders of FCTR will be able to trade or stake their tokens. According to Factor's documentation, if users decide to use their tokens as liquidity collateral, they will receive veFCTR, which enables them to participate in Factor's governance process and earn 50% of the fees generated by the protocol.

ChainCatcher news, according to platform data, the first Launchpad project of the Camelot ecosystem, Arbitrove, has now raised over 3000 ETH, approximately 5.2 million USD.It is reported that the Arbitrove team has fixed the base price of TROVE at 0.0025 USD with an FDV of about 2.5 million USD. After the Public Sale funds reach 500,000 USD (approximately 313 ETH), the price of TROVE will continue to rise with each purchase. (Source link)