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Solana has reached a partnership with Alibaba's Shanghai Hongqiao Ali Center to jointly establish the Solana Shanghai Builder Station. This site is supported by relevant government units in the Minhang District of Shanghai and is the first Builder Station set up by Solana in the Chinese-speaking market. It is also a co-creation space for developers centered around the international public chain ecosystem.The platform is positioned as a long-term infrastructure node for technological development, aiming to provide developers with technical co-creation, industry connections, and international links, while offering full-chain incubation support around Layer 1 underlying technology research, Web3 application development, and more.

Web3 AI data platform OlaXBT announced a memorandum of understanding with Funki Finance. OlaXBT will provide pre-processed, auditable multi-source datasets and foundational machine learning models through the AIO NEXUS Data Layer to support Funki Finance's existing deep learning dynamic credit scoring model, AI fully automated loan approval system, time series forecasting analysis platform, and anomaly detection risk monitoring dashboard.This collaboration will focus on expanding credit features and interpretability, enhancing market volatility foresight, shortening overdue warning times, and improving multi-language STT (speech-to-text) accuracy and low latency, thereby driving a dual upgrade of inclusive finance and risk control capabilities through technology. Through this partnership, both parties will establish a joint KPI and A/B testing framework, implementing it in phases under the principles of compliance and privacy-first, continuously optimizing user experience, improving approval efficiency, and reducing capital mismatch risks.OlaXBT is a decentralized AI data infrastructure equipped with a powerful financial data layer AIO NEXUS, multi-factor analysis patented technology, and MCP server market. It provides reinforcement learning AI agents that can deliver strategy information in real-time; employs a hybrid architecture to preprocess macro data, on-chain indicators, and sentiment analysis for tracking large fund movements, trend judgments, automated treasury management, and AI agent minting functions.Funki Finance is a licensed money lender in Hong Kong and a wholly-owned subsidiary of the listed company King Yat Holdings Limited (HKEX: 00070). Positioned as a fintech company, it is committed to providing flexible and convenient online loans and one-stop financial services through innovative technology, emphasizing credit management and risk control, and continuously introducing deep learning and machine learning technologies to optimize decision-making processes.

ChainCatcher news, according to Zhitong Finance, Hongqiao Group (08137) announced that after the market closed on August 8, the company entered into a non-binding strategic cooperation memorandum with Dongfang Yilin Industrial Co., Ltd. Dongfang Yilin is a comprehensive operator of timber asset digitization registered in China.According to the memorandum, the main cooperation content between the two parties is as follows: both parties will use Hainan Huanghuali standing timber as the underlying asset to jointly explore the financialization path of precious timber assets, promote the industrialization of ecological resources, the capitalization of ecological industries, the productization of ecological capital, and the marketization of ecological products. They plan to construct a "precious timber industry resources + finance + blockchain" green economic closed loop, in line with the latest trends in RWA, stablecoins, and compliant digital currency issuance.The announcement stated that the group focuses on a business model in the resource sector and is committed to finding investment opportunities with resilience and stability. Hainan Huanghuali is the top among the world's five famous woods, possessing scarcity, growth potential, and high-value attributes. The proposed cooperation aligns with the group's exploration of potential business development models and strategic deployment requirements.

ChainCatcher news, according to Zhitong Finance, Hongqiao Group (08137.HK), a company listed on the Hong Kong Stock Exchange, announced that it has signed a non-binding strategic cooperation memorandum with the digital operator of forestry assets, Dongfang Yilin, on August 8, 2025. The two parties will jointly build a "Forestry + Finance + Blockchain" integrated ecosystem to promote the application of real-world assets (RWA) in the forestry sector. This move marks Hongqiao Group's official entry into the new track of RWA.

ChainCatcher news, the Chongqing Fifth Intermediate People's Court recently concluded an appeal case involving drug trafficking using a new method of "Internet + virtual currency + logistics mailing."From August 2021 to July 2023, the defendant Zhang contacted drug buyers through WeChat and other means, primarily selling marijuana and "stamps" and other types of drugs. Zhang entrusted the packaged drugs to a dedicated person for safekeeping, and after reaching a transaction intention with the drug buyer, provided the buyer with a virtual currency website. After confirming the receipt of drug funds via virtual currency, Zhang would place an order with a certain express delivery platform, and the drug custodian would deliver the drugs to the buyer through the express platform, while Zhang paid the drug custodian a fee.According to statistics, Zhang placed orders through the express platform and had the drug custodian deliver drugs a total of over 1,600 times; received funds through virtual currency accounts a total of over 1,200 times; and withdrew the received virtual currency to his Alipay, WeChat, and bank cards after multiple transfers, accumulating over 400,000 yuan.The Chongqing Fifth Intermediate Court, after legal review, found that the first-instance sentence of eight years imprisonment and a fine of 100,000 yuan for the defendant Zhang for the crimes of drug trafficking and money laundering was appropriate, and upheld the original judgment.

ChainCatcher news, according to Xinhua News Agency, the Chongqing Public Security Bureau's Liangjiang New Area Branch successfully solved a virtual currency theft case involving approximately 400,000 yuan, arresting three criminal suspects. The case began at the end of June 2024 when the Tian Gong Dian Police Station of the Liangjiang New Area Branch received a report from a technology company in the jurisdiction, stating that over 2.6 million BLAST tokens (a type of virtual currency) had been stolen from the company's account. The police quickly identified and arrested the suspects Yang, Wu, and Sheng by analyzing the transaction paths and the flow of funds.Upon investigation, it was found that all three suspects were former employees of the technology company. They took advantage of their positions to implant malicious code into the company's computers, stealing the company's virtual wallet address and private key passwords. On the evening of June 26, after the company's virtual wallet received BLAST tokens distributed by the game officials, the suspects immediately transferred the tokens to a pre-prepared wallet, and then proceeded to cash out and divide the spoils. Currently, the three suspects have been lawfully approved for arrest by the procuratorial authorities on suspicion of theft, and the case is under further investigation.

ChainCatcher news, recently, the Chongqing First Intermediate People's Court made a final ruling on a case involving illegal operations of virtual currency. The defendant, He, was sentenced to three years in prison and fined 5 million yuan by the Chongqing Yubei District People's Court for illegally engaging in fund payment and settlement business on a virtual currency trading platform, profiting from the price difference.In early 2018, He registered as a "merchant" on a well-known virtual currency trading platform and began engaging in exchange transactions between the virtual currency "USDT" and the Chinese yuan. It is understood that in the exchange trading area of the exchange, different merchants have varying payment channels, transaction limits, and transaction prices. Among them, the purchase price of "USDT" mainly concentrated around 6.85 yuan, while the selling price of "USDT" was mostly around 7 yuan. Later, Zheng expanded the business scale, rented a venue, recruited employees, and registered multiple accounts and opened bank accounts in the names of relatives and friends, conducting a large number of virtual currency and Chinese yuan exchange transactions on the virtual currency trading platform. The total amount of funds He used for the exchange business reached 609 million yuan. As of May 2019, the cumulative transaction volume of the bank accounts controlled by He had exceeded 14 billion yuan, with his personal illegal profits amounting to 4.77 million yuan. He used these illegally obtained funds to purchase real estate, invest in financial products, etc., in an attempt to legalize them.The Chongqing Yubei District People's Court ruled against him for illegal business operations, sentencing him to three years in prison and imposing a fine of 5 million yuan. He was not willing to accept this and chose to appeal to the Chongqing First Intermediate People's Court, claiming that the exchange business he engaged in between virtual currency and Chinese yuan did not constitute a fund payment and settlement behavior, and therefore did not constitute illegal business operations. After hearing the case, the Chongqing First Intermediate People's Court recently ruled to dismiss the appeal and upheld the original judgment.

ChainCatcher news, the renowned men's fashion magazine GQ recently reported on Bitget and Lionel Messi's new brand promotional video (#MakeItCount). GQ mentioned that in October 2022, Bitget became Messi's sole crypto partner, and both Bitget and Messi's growth journeys showcase the courage to face difficulties and an indomitable spirit, encouraging crypto and football enthusiasts worldwide to "make every moment count" in their lives.GQ also noted that after partnering with Messi, Bitget experienced growth against the trend during the crypto winter, with spot trading volume increasing by 94%, the team size expanding threefold in two years, and establishing a $100 million Web3 fund to promote the sustainable development of the industry.It is reported that this is GQ's first special feature on a crypto exchange.

ChainCatcher news, according to a report by The Paper, the People's Court of Chongqing Liangjiang New Area (Free Trade Zone) recently concluded a highly publicized entrusted contract dispute case, which involves a dispute over members of a pyramid scheme organization purchasing virtual currency. The plaintiff, Qin, entrusted the defendant, Zhou, to register as a member on the pyramid scheme organization's online platform and purchase virtual currency, with a total investment of 223,500 yuan. Later, the online platform of the pyramid scheme organization suddenly shut down, making transactions impossible. After hearing the case, the court determined that the entrusted contract violated mandatory provisions of national laws and administrative regulations and should be deemed invalid. Based on the degree of fault of both parties, the court ruled that the defendant Zhou should return 106,700 yuan to the plaintiff Qin. After the first-instance verdict, Zhou was dissatisfied and appealed. The Chongqing First Intermediate People's Court made a second-instance ruling, rejecting the appeal and upholding the original judgment. Currently, this judgment has taken effect and has been automatically executed.

ChainCatcher news, Hong Kong Web3 music startup Star Nest announced that it has completed a $6 million Pre-A round of financing, led by Chuangqi International Limited, a wholly-owned subsidiary of the Hong Kong Stock Exchange listed company Guofu Innovation Limited. Star Nest will collaborate with Armonia Meta Chain to develop a metaverse game called Star Nest SpaceStar, which will include music, role-playing, and social features.In addition, Star Nest plans to launch its project representative NEST in the third quarter of 2024. Nest will receive a customized allocation of 2.1 billion NEST tokens for the project. Star Nest aims to build a more complete token economic system for the music industry through the NEST token, which will be widely used for purchasing concert tickets, blockchain game collaborations, metaverse consumption, governance voting, and other aspects.

ChainCatcher news, the Chongqing Tongliang Court concluded a case on October 24 involving the transfer of funds to overseas criminals, with an amount exceeding 2.25 billion yuan and 21 individuals sentenced. The defendants received USDT converted from the proceeds of crimes such as online fraud and online gambling committed by upstream criminals through offline BitPay wallets and other means, and then sold it on virtual currency trading platforms.It is reported that by fabricating excuses such as withdrawing project funds and migrant workers' wages, the gang members organized to withdraw cash at bank counters in multiple provinces and cities including Chongqing, Sichuan, and Shanghai, delivering the cash to designated recipients specified by the upstream. Each cash delivery ranged from 10 million to several tens of millions of yuan. By the time the case was uncovered, Jiang and others had transferred a total of over 2.25 billion yuan to overseas individuals in this manner, with total profits exceeding 22.62 million yuan.

ChainCatcher news, according to official sources, Google Cloud has announced the addition of Solana data to the BigQuery public dataset program. BigQuery is Google Cloud's serverless, cost-effective data warehouse, with built-in machine learning (ML), artificial intelligence (AI), and business intelligence (BI) capabilities.

ChainCatcher news, Google Cloud has announced that it has added data from 11 new blockchains to its large dataset online repository BigQuery, including Avalanche, Arbitrum, Cronos, Ethereum (Gorli), Fantom (Opera), Near, Optimism, Polkadot, Polygon Mainnet, Polygon Mumbai, and Tron.Google Cloud stated that, in addition to the community-managed datasets on BigQuery, it has created first-party Google Cloud managed datasets to provide additional features, aiming to deliver fast, reliable enterprise-grade results for customers and the Web3 community.

ChainCatcher news, according to Ming Pao Finance, Changqiao Technology, which provides digital services for brokers, has launched a "7x24 one-stop virtual asset trading system solution" for brokers. This solution can provide two main services, applications and counter services, based on the actual needs of the brokers, and charges brokers a monthly fee. China Tonghai International Financial (0952) subsidiary Huafu Jianye Securities has become the first broker to launch virtual asset trading in collaboration with Changqiao Technology.Changqiao Technology, along with virtual asset trading platforms HashKey and OSL, provides solutions for brokers, offering users market data, historical K-line charts, and transaction statistics. Huafu Jianye Securities' Managing Director Zhen Jingmin also demonstrated the completion of the first virtual asset transaction using the customized application from Changqiao Technology at today's press conference.Hu Guowen, CEO of Changqiao Technology (Hong Kong), stated that besides Huafu Jianye Securities, there are currently more than 20 brokers interested in collaboration, and it is expected to cooperate with around 30 brokers this year. When asked about the current situation where only professional investors can invest in virtual assets in Hong Kong, and that only Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are accepted at present, Hu Guowen indicated that if in the future general investors and other cryptocurrencies can be accepted, the platform can accommodate that as well. (source link)

ChainCatcher News, the U.S. SEC has fined Coinme, Up Global, and the executives of these two companies, including Neil Bergquist, a total of nearly $4 million.The fines announced by the SEC on Friday relate to an ICO of a cryptocurrency asset called UpToken. The SEC stated in a release that Coinme and Up Global misled investors during their ICO in 2017.The defendants accepted the fines but did not admit or deny any wrongdoing. Coinme and Up Global will pay a total of $3.77 million, while Bergquist will pay $150,000.It is reported that Coinme operates a network of cryptocurrency ATMs that allow users to withdraw cash in exchange for Bitcoin and other cryptocurrencies. As a reward for Coinme ATM customers, the company stated that 1% of each transaction is used to purchase UpToken. The tokens are then given to customers in the form of a 1% cashback.When announcing the settlement of the charges, the SEC stated that Bergquist and Up Global took steps to reduce the demand for Coinme to purchase UpToken after the ICO. It also accused the parties of "intentionally or recklessly" exaggerating the amount raised in the ICO. Bergquist has also been banned from serving as an officer or director of a public company for the next three years. (source link)

ChainCatcher news, the Web3 project GQ3 under the traditional magazine GQ Magazine has launched the "GQ3 Issue 001: Change Is Good" NFT series to celebrate the 66th anniversary of GQ. The total number of NFTs in this series is 1,661, with a unit price of 0.1957 ETH, and a total of 1,060 NFTs have been sold. The minting has now ended.In a Discord community announcement and a now-deleted tweet, GQ stated that it will randomly airdrop half of the remaining NFT supply to existing holders. (source link)

ChainCatcher news, according to CoinDesk, the fashion magazine GQ will launch its first NFT series, which will grant holders access to magazine subscriptions, merchandise, and live events.It is reported that the series is named "GQ3 Issue 001: Change Is Good," consisting of 1,661 NFTs, each allowing the holder to receive additional rewards such as a GQ magazine subscription, curated GQ product boxes, exclusive merchandise, and tickets to the first GQ3 party in April, as well as access to a special Discord channel. (source link)