etz

Pudgy Penguins CEO Luca Netz posted an ambiguous tweet that included a pair of eyes, a penguin, and a building, followed by an arrow with the word "SOON." Although there were no textual messages, the market interpreted it as a hint that the company is advancing its IPO plans.As a result, PENGU rose over 17% that day, and combined with the overall market improvement, it has increased over 66% in the past week. The community interpreted the building in the post as a stock exchange and understood the meaning of the post as "Look, the penguin is about to go public soon." Luca Netz stated in a 2025 interview that he hopes to achieve the company's public listing before 2027.

According to Axios, sources have confirmed that renowned artificial intelligence researcher and former OpenAI employee Luke Metz has joined Meta Platforms' Superintelligence Lab.

Nietzschean Penguin (PENGUIN) is now live on the Bybit spot platform.It is reported that the Bybit spot has launched Nietzschean Penguin (PENGUIN), with a Token Splash prize pool of 1,000,000 PENGUIN for new and existing users to share.

According to reports, the new round of ByVotes on Bybit has begun. Users can gain voting rights by holding eligible assets on Bybit, and the votes will determine whether PENGUIN will be listed on the Bybit spot trading platform.If the project successfully breaks through and goes live, supporters who participated in the voting will have the opportunity to share a generous prize pool of up to 1,500,000 PENGUIN.

ChainCatcher news, according to the Hong Kong Radio website, Hong Kong Legislative Council member Wu Jietzhuang stated in an interview that South Korean companies are interested in participating in the development of the virtual asset market in Hong Kong.It is reported that in April this year, the Chairman of the Financial Supervisory Service of Korea, Lee Bok-hyun, held talks with the CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, to exchange views on the latest developments in virtual asset trading and regulation in Hong Kong, and agreed to maintain close cooperation in virtual asset regulation in the future.

ChainCatcher news, according to Yahoo Finance, blockchain infrastructure company Spetz Inc announced the completion of a $10 million private placement financing first tranche.The company's CEO Mitchell Demeter stated that the funds will be used to purchase Sonic tokens, deploy verification node infrastructure, and implement DeFi strategies.

ChainCatcher news, on February 6th afternoon, 14 members of the Hong Kong Legislative Council C15+ met with Financial Secretary Paul Chan and other officials to discuss the new financial budget. Among them, Legislative Council member Wu Jiezhuang proposed a total of 22 suggestions across five major areas, including the development of the Web3 industry.In terms of supporting the Web3 industry, Wu Jiezhuang suggested continuing the development direction of the 2023/24 financial budget and proposed two key measures: first, to invest HKD 50 million to establish a seed fund, using a 1:1 matching ratio to support well-known overseas enterprises and large industry events to settle in Hong Kong; second, to allocate an additional HKD 50 million to establish a dedicated Web3 investment matching fund.

ChainCatcher news, in August this year, the Hong Kong High Court heard the world's first lawsuit involving "Decentralized Autonomous Organizations (DAO)", ruling that six defendants must disclose detailed financial statements and supporting documents for their blockchain and Real World Asset (RWA) projects in response to allegations of asset misappropriation, involving over 6 billion HKD. Wu Jiezhuang, Chairman of the Hong Kong Legislative Council, Web3 and Virtual Asset Development Forum Committee, believes that the current development framework for Web3 in Hong Kong is still not完善, and suggests that the SAR government introduce regulations for DAO.He stated that the entire digital asset ecosystem can be divided into two important segments: one is exchanges, and the other is public chains, which usually exist in the form of DAOs but are like "orphaned souls" without a place to land worldwide. If Hong Kong wants to develop a digital asset ecosystem, it needs to regulate DAOs as soon as possible and establish a framework for DAOs so that these public chains can land in Hong Kong.Wu Jiezhuang further pointed out that the United States and Abu Dhabi already have relevant legal frameworks regulating DAOs, and Hong Kong should establish one as soon as possible. Since DAOs do not have legal entities, he suggested that the SAR government could refer to the current licensing practices in the securities industry to establish a DAO licensing system, requiring licensed DAOs to clarify internal individual relationships and to establish Responsible Officers (RO) to ensure that licensed companies comply with regulatory requirements and maintain daily operations.

ChainCatcher news, the draft regulations for the supervision of stablecoin issuers have been submitted to the Hong Kong Legislative Council for review this week. Legislative Council member and chairman of the Web3 and Virtual Assets Development Subcommittee, Wu Jietzhuang, pointed out that stablecoins are part of the infrastructure of virtual assets. In addition to being used for investment, they can also facilitate cross-border payments, making them an important tool for citizens to participate in virtual assets. However, the current regulatory direction suggests that issuers should entrust their reserve assets to Hong Kong banks, which may not comply with the local regulations of individual coin merchants. Efforts will be made to communicate with the government and the industry to seek a compromise solution, such as establishing contracts or notes for mutual recognition between the two regions, while not requiring the assets to be held in Hong Kong.

ChainCatcher news, according to Cointelegraph, Trump has nominated Bitcoin supporter Matt Gaetz as the U.S. Attorney General. He previously proposed a legislative bill on June 25, requesting the IRS to accept Bitcoin payments from Americans filing federal income tax.Trump's choice of Matt Gaetz could impact the crypto industry, as he is expected to advocate for a regulatory approach that supports digital asset innovation while balancing oversight.

ChainCatcher news, according to Cointelegraph, the American convenience store company Sheetz has expanded its partnership with the crypto payment provider Flexa, allowing customers to now pay with stablecoins like USD Coin and other cryptocurrencies.

ChainCatcher news, according to CoinDesk, a court document released on Monday shows that a U.S. district judge has sided with the SEC in the case against mobile crypto wallet Rivetz for selling unregistered securities.Judge Mark Mastroianni granted the SEC's motion for summary judgment, a decision based on untested evidence.

ChainCatcher news, according to Watcher.Guru, Congressman Matt Gaetz has proposed a bill that would allow federal income tax to be paid in Bitcoin.

ChainCatcher news, National Committee member of the Chinese People's Political Consultative Conference and Hong Kong Legislative Council member Wu Jiezhuang posted on the X platform, stating that he met this morning with Hong Kong Financial Secretary Paul Chan and Deputy Secretary Wong Wai Lun, expressing the hope that the main principles of the budget proposal are zero tax increases, fewer fees, and increased momentum. He opposes various tax increase suggestions proposed in the community, including the imposition of capital gains tax, departure tax, and stamp duty on virtual assets; he believes that to enhance the development momentum of various industries, it is necessary to break down barriers and vigorously develop the Web3 industry, among others.

ChainCatcher news, according to VentureBeat, the distributed computing platform Expanso has completed a $7.5 million seed round financing, led by General Catalyst and Hetz Ventures.It is reported that Expanso CEO David Aronchick, who previously worked at Protocol Lab, stated that the new funding will be used to drive the development of their open-source data processing platform "Bacalhau" and to configure additional nodes to increase capacity for handling more data tasks, including distributed training of AI machine learning and processing application logs.

ChainCatcher news, in response to the concerns of many industry insiders that the recent unlicensed cryptocurrency exchange JPEX case in Hong Kong may lead to more cautious cryptocurrency regulatory policies in Hong Kong, Legislative Council member Wu Jiezhuang stated in an interview with ChainCatcher: "The JPEX case, as a single event, will not overall affect Hong Kong's cryptocurrency regulatory policies. Currently, the JPEX case has not been adjudicated, and it only indicates that the exchange has suspicions and possibilities of fraud, which may not involve cryptocurrency trading activities. I have also communicated with the leaders of government departments, and they similarly believe that the JPEX incident will not have a significant impact on overall policy. Instead, they view this incident as a good education for investors, emphasizing that trading should be conducted on licensed exchanges to ensure asset safety."In addition, Member Wu Jiezhuang also mentioned that the JPEX case has highlighted some regulatory loopholes, such as the fact that offline cryptocurrency exchange shops have not yet been included in regulation, which is something the government needs to improve in the future. Furthermore, the government should disclose suspicious information as early as possible and timely remind users to minimize their losses.

ChainCatcher news, according to the Hong Kong Economic Journal, regarding the unlicensed cryptocurrency exchange JPEX, Hong Kong Legislative Council member Wu Jietzhuang stated that this incident involves a large number of victims, far exceeding the 86 individuals and several tens of millions (HKD) reported by the police two days ago. The incident has widespread implications, and he hopes the police will take action soon. He also pointed out that this incident highlights the need for the public to be aware of investment risks, understand investment products, and urged investors to invest on licensed platforms.Legal advisors recommend that affected individuals should take screenshots of electronic transactions and related information to provide more evidence to the police or the Securities and Futures Commission; otherwise, electronic records may be lost or deleted.

ChainCatcher news, according to a report by the Hong Kong Economic Journal, Legislative Council member Wu Jiezhuang revealed that he took advantage of the Legislative Council's summer recess to visit six provinces in mainland China and Singapore for inspections. During his visit to Singapore, he found that it is quite common for large luxury goods transactions, such as private jets, to be conducted using virtual currencies like USDT. He believes that Hong Kong should catch up quickly and improve its regulatory framework. He also thinks that the digital Hong Kong dollar to be launched in the future can play the role of a stablecoin, promoting the development of virtual asset trading in Hong Kong.