trove

Regarding the issue of accounts being restricted as reported by users, Binance co-founder He Yi stated on the X social platform that the situation may be due to using a VPN to connect to Binance from countries or regions where services cannot be provided. The system will adjust the account to "withdrawal-only mode," and users need to contact customer support for assistance.Previously, some users claimed that they had encountered account restrictions or asset freezes on Binance and other exchanges. Binance emphasized that it is continuously increasing compliance investments and implementing risk control measures in accordance with regulatory requirements.

According to Cointelegraph, the Dutch House of Representatives passed a legislative proposal on February 13, aiming to impose a 36% capital gains tax on savings and most liquid investments, including cryptocurrencies. The proposal was approved with 93 votes, surpassing the 75-vote threshold required for passage.Under the proposal, earnings from savings accounts, cryptocurrencies, most equity investments, and interest-bearing financial instruments will be taxable, regardless of whether the assets are sold. Certain assets, such as startup equity and non-investment physical assets, may be exempt. The proposal must be approved by the Dutch Senate before it can take effect, and if passed, it will be officially implemented in the 2028 tax year. Opponents argue that the bill will encourage capital to flow to jurisdictions with more favorable tax policies.Investor calculations show that an investor who contributes 1,000 euros per month for 40 years will see their final earnings drop from 3.32 million euros to 1.885 million euros under a 36% tax rate, resulting in a difference of 1.435 million euros.

Bubblemaps disclosed on platform X that Trove Markets has quietly refunded the KOLs who participated in the presale, while other presale participants suffered heavy losses. By monitoring wallets associated with the TROVE token deployer, it was discovered that one day after the token crash, $100,000 worth of USDC and $350,000 worth of USDT were transferred to a newly funded wallet. On-chain evidence and leaked chat records have now been obtained, proving that the project team has engaged in improper behavior by treating investors differently.After raising $11.5 million through an ICO in January, Trove stated that it would retain $9,397,403 to continue building PerpDEX on Solana. This move sparked strong dissatisfaction within the community, with the token price dropping over 95%, resulting in severe losses for ICO participants, who accused the team of a rug pull. According to community feedback, the project has issues such as "paying KOLs for promotion, with funds flowing to entertainment platform deposit addresses."

According to the Mobile Payment Network, Bank of Korea Governor Lee Chang-yong stated at the Asian Financial Forum in Hong Kong that due to market pressures, authorities have allowed South Korean residents to invest in virtual assets issued overseas. Meanwhile, financial regulators are studying the establishment of a new registration system to permit domestic institutions to issue virtual assets.He pointed out that the won-denominated stablecoin is expected to be primarily used for cross-border transactions, while tokenized deposits will be more for domestic payments, but he emphasized that there are still many controversies surrounding stablecoins. He is concerned that once the won stablecoin is launched, it may be used to circumvent capital flow management measures, especially when combined with widely used and easily accessible dollar stablecoins, which poses even greater risks.Lee Chang-yong mentioned that the transaction costs of dollar stablecoins are much lower than directly using dollars, and during exchange rate fluctuations, it can easily trigger large inflows of funds; moreover, most dollar stablecoins are issued by non-bank institutions, significantly increasing regulatory difficulties. In addition, South Korea's rapid payment system has matured, and the advantages of retail central bank digital currency (CBDC) are not obvious. The central bank is promoting several pilot projects to lay out tokenized deposits and wholesale CBDCs to maintain a dual financial system.

Li Changyong stated at the Asian Financial Forum in Hong Kong that, in light of market pressures, South Korean authorities have allowed domestic residents to invest in virtual assets issued overseas. The financial regulatory department is considering establishing a new registration system to allow domestic institutions to issue virtual assets.Li Changyong pointed out that if a won-denominated stablecoin is launched, its main use may focus on cross-border transactions, while tokenized deposits are more suitable for domestic payment scenarios. However, he emphasized that there is still considerable controversy surrounding stablecoins. The core concern is whether the won stablecoin could be used to circumvent capital flow management, especially when used in conjunction with dollar stablecoins.He further stated that dollar stablecoins have a wide range of applications and low entry barriers, with related transaction costs significantly lower than directly using dollars. When exchange rate fluctuations trigger changes in market expectations, funds may quickly flow into dollar stablecoins, causing large-scale capital transfers; at the same time, the participation of numerous non-bank institutions in stablecoin issuance also significantly increases regulatory difficulties.In addition, Li Changyong noted that South Korea itself has a highly developed fast payment system, so the advantages of retail central bank digital currency (CBDC) are limited. Currently, the central bank is advancing tokenized deposits and wholesale CBDC through multiple pilot projects to maintain the existing dual financial system.

According to CoinTelegraph, experts warn that the proposed yield restrictions on stablecoins in the U.S. Cryptocurrency Structure Bill (CLARITY Act) may drive demand for offshore and synthetic dollar products, as investors seek to earn yields outside of regulated markets.It is understood that under the already effective GENIUS Act framework, payment stablecoins like USDC must be fully backed by cash or short-term U.S. Treasury securities and cannot pay interest directly, being regarded as "digital cash." Colin Butler, head of the Mega Matrix market, stated that prohibiting compliant stablecoins from offering yields to holders does not protect the U.S. financial system; rather, it marginalizes regulatory agencies and accelerates the migration of capital beyond regulatory boundaries. Currently, the digital yuan has interest-bearing capabilities, and Singapore, Switzerland, and the UAE are advancing frameworks for interest-bearing digital assets. If the U.S. prohibits compliant dollar stablecoin yields, it may weaken global competitiveness.

The prediction market platform Polymarket has faced widespread criticism in the crypto and media circles for posting false information on its official X account. Investor DCinvestor stated that he has unfollowed Polymarket's official account, not due to the product itself, but because of its frequent posting of a large amount of false information presented as "breaking news," which severely misleads users.Media personality Rachel Karten also pointed out that the Polymarket official account "often publishes completely fabricated news," a phenomenon that is "very strange."One of the focal points of the controversy is a tweet labeled "JUST IN," where Polymarket claimed that Jeff Bezos suggested Generation Z entrepreneurs should first work at real-world companies like McDonald's or Palantir before considering entrepreneurship. Subsequently, Jeff Bezos himself directly replied to deny this, stating, "No. I'm not sure why Polymarket would make this up."The incident has raised questions about the credibility of Polymarket's information and its content review mechanisms. In the context of the growing influence of prediction markets, the behavior of the official account posting false information is seen as potentially misleading to user decisions and market sentiment.

The public fundraising event of the Solana ecosystem leverage prediction market platform Space has sparked serious controversy. The project's previously announced fundraising target was $2.5 million, but the actual amount raised reached as high as $20 million. In response to community concerns about the oversubscription, the project team unilaterally redefined the rules, arguing that $2.5 million was merely a "soft cap" rather than a "hard cap," and announced that they would only refund $7.3 million, forcibly retaining the majority of the excess funds.The team further defended this by stating that the originally planned amount could only sustain operations for a few months and was insufficient to support the years of infrastructure development needed for the leverage prediction market. This behavior of arbitrarily changing the fundraising cap after the fundraising was completed, deviating from the initial commitment, has been widely condemned by the community as lacking in contractual spirit and disregarding investors' rights.

Trove token quickly collapsed after being listed for trading today, dropping over 95% within ten minutes of opening, with FDV falling from about $20 million to less than $1 million. The project originally planned to issue on Hyperliquid and raise over $11.5 million through an ICO, with an initial target of $2.5 million, but suddenly shifted to issuing tokens on Solana before the TGE.The project team previously admitted to a "mistake," stating that the withdrawal of liquidity partners led to the change in plans, but they did not refund the excess funds raised, nor has there been any substantial progress on refunds or audits. ZachXBT exposed details of the Trove fraud, showing that the ICO funds directly flowed into gambling accounts at casinos and Polymarket. It is reported that the team spent heavily to hire a large number of KOLs for promotion, but did not disclose this.According to previous news from ChainCatcher, Trove will shift from Hyperliquid to Solana development, with TROVE dropping 97% at launch.

Trove announced that it will no longer build on Hyperliquid and will instead rebuild its perpetual contract DEX on Solana. Previously, the project raised over $11.5 million for the Hyperliquid integration, but after a liquidity partner withdrew 500,000 HYPE, the team decided to retain approximately $9.4 million for Solana development, stating that this is the only way to ensure the project's survival.Currently, Trove has refunded approximately $2.44 million to some investors and plans to refund $100,000 to ICO participants. On-chain data shows that the TROVE token dropped over 97% within 10 minutes after the TGE, with the price falling to $0.0008 and the market cap dropping from $20 million to less than $1 million. Additionally, Bubblemaps monitoring shows that an entity acquired 12% of the token supply through 80 new wallets, but there is currently no evidence linking it to the team. In response to community concerns, Trove stated that it will not run away and will work to regain trust through subsequent actions.

Trove Markets stated that due to the liquidity partner withdrawing the 500,000 HYPE required for the Hyperliquid integration, the project has decided to shift its development to the Solana network. Trove Markets had previously raised over $11.5 million through a token sale, which was originally intended for the Hyperliquid integration. This decision has sparked criticism from the community, with some supporters demanding immediate refunds.Trove Markets developer Unwise stated that the team will rebuild the DEX from scratch on Solana. Currently, the TROVE token generation event is still scheduled for Monday, but more time is needed for the migration and refund processing. Additionally, ZachXBT has detected multiple unusual transfers involving HYPE movements.

According to Eleanor Terrett, the Senate Banking Committee has announced the cancellation of the market structure adjustment meeting originally scheduled for tomorrow, due to a dispute that occurred today with Coinbase. A new meeting date has not yet been determined.

Regarding Solana's mockery of Starknet with "only 8 daily active users and just 10 daily transactions," and Starknet's subsequent response, "Who told this little brother Solana the data?" He Yi responded on social media, stating: "Take a deep breath and relax, we are all friends, and harmony is precious."He Yi also added "peanuts, sunflower seeds, and mineral water," calling for the outside world to view the related discussions with a more relaxed mindset, avoiding excessive controversy due to on-chain data comparisons.

The digital collectible contract platform TROVE has announced the specific rules for its ICO. The event will take place from January 8 to January 11, with an FDV of $20 million and a fundraising target of $2.5 million. Trove users will have priority allocation rights, with 100% unlocking at TGE. Users holding between 250,000 and 10 million Trove points will receive an additional allocation of 10% to 20% compared to users without points. The TROVE token airdrop is expected to take place in the third week of January.In addition, the official tokenomics has been announced. Of this, 60% will be used for the buyback program (the use of repurchased tokens will be decided by governance voting), 20% will be allocated to HIP-3 service providers, 10% will be used for growth and expansion, and 10% will be used for staking incentives.

Neo Foundation (NF) and Neo Global Development (NGD) announced that they have noted the recent conversations between the two founders on the X platform and the resulting community attention. Any controversies in the dialogue will not affect the daily operations of NF or NGD.The Neo Foundation is currently preparing the financial reports for NF and NGD, which are scheduled to be released in the first quarter of 2026.According to previous news from ChainCatcher, Neo founders have fallen out: Da Hongfei is accused of failing to fulfill financial disclosure commitments, and Erik is accused of monopolizing the financial authority of the foundation.

The open-source AI trading system NoFx developer Tinkle issued a statement yesterday regarding the community controversy sparked by early project participant Zack. It stated that Zack joined the project on October 29, 2025, after it was open-sourced, participated for about 14 days, and contributed a small amount of code. He then demanded 50% equity in exchange for introducing Amber for commercialization. After being rejected, he withheld the project's Twitter account and demanded 500,000 USDT through a lawyer's letter, while also spreading false information through multiple channels. Tinkle stated that relevant records are verifiable and that the team will no longer respond to personal disputes, focusing instead on product development.In response, Zack issued a statement refuting the claims, stating that the allegations are seriously false and damage his personal reputation. The lawyer's letter was sent by a law firm, evidence has been preserved by the lawyer, and the claims are legal and compliant. If the dispute cannot be resolved through legal channels, he will publicly disclose complete video, audio, chat records, and timelines as evidence.The official NoFx X account subsequently published an open letter stating that recent discussions regarding community members, code usage boundaries, and intellectual property have been handed over to a professional legal team for unified handling. It denied rumors involving financing and利益输送, emphasizing that NoFx is a community-driven open-source project rather than a commercial company. The team also reiterated that the project is licensed under AGPL-3.0 and will legally uphold open-source standards and contributor rights, focusing on building an AI Trading OS that supports self-hosting and multi-platform trading access.Additionally, the ecosystem accelerator amber.ac under Amber Group also issued a statement, clearly stating that there is currently no formal incubation, investment, or commercial cooperation relationship with the NoFx project. The two parties have only engaged in open industry exchanges and called on all parties to return to technical and rational communication to promote healthy ecological development.

Recently, Dr. Han, the founder of Gate, was a guest on the Wu Says podcast, where he systematically shared his judgments and thoughts on topics such as market cycles, regulatory compliance, industry layoffs, and paths to listing.Dr. Han stated that although there are phase fluctuations in the current crypto market, it has deeply integrated into the global macro cycle, making it difficult to reproduce the deep bear market triggered by a single event in the early days; the liquidity environment and overall economic expectations remain the core variables affecting the market. On a technical level, he believes that AI is still in the early expansion stage, with real applications continuing to land, and cannot simply be summarized as a "bubble"; user behavior in Web3 is clearly migrating on-chain, and privacy technology and zero-knowledge proofs are expected to become important infrastructure in the future.Regarding changes in industry structure, Dr. Han pointed out that the rise of Perp DEX is due to improvements in on-chain performance, cost reductions, and mature incentive mechanisms, and the integration of centralized platforms with on-chain models will become a long-term trend; the stablecoin sector is showing significant economies of scale.In addition, regarding rumors of layoffs, Dr. Han candidly stated that Gate has maintained a steady hiring pace over the years and has never engaged in aggressive expansion or large-scale layoffs. When discussing future plans, he clearly expressed the intention to go public for the first time, stating that Gate has been promoting compliance and licensing globally for many years, precisely to prepare for "long-term normalization and the possibility of going public." It is reported that as of now, multiple entities of Gate Group have obtained or completed relevant regulatory registrations, license applications, authorizations, or approvals in jurisdictions such as Malta, the Bahamas, Japan, Australia, the United States, and Dubai.