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The identities of the bail guarantors for FTX founder Sam Bankman-Fried have been disclosed, including former Stanford Law School Dean Larry Kramer and research scientist Andreas Paepcke, who provided guarantees of $500,000 and $200,000, respectively.Reports indicate that the total bail amount of $250 million for SBF is primarily secured by properties owned by his parents in California. Previously, his lawyers attempted to keep the identities of the guarantors confidential, but the court requested their disclosure in response to media requests. Currently, the related case is still under review, and SBF is facing multiple fraud charges.

Recently, elementary school students encountered fraud while playing a game called "Egg Party." Criminal gangs impersonated "police" and falsely claimed that the game accounts were being used by criminals, luring victims to "cooperate with the investigation" and transfer money, with some amounts reaching tens of thousands.The People's Procuratorate of Fuyang District, Hangzhou, accused that the investigation found the fraud gang quickly converted the obtained funds into virtual currency and then laundered the money through on-chain transfers. Prosecutors remind that anyone claiming to be law enforcement and requesting transfers to so-called "safe accounts" is a fraud, and parents should strengthen anti-fraud education for minors.

ChainCatcher news, according to Fortune magazine, Kalshi and Polymarket are competing for dominance in the prediction market. This field has existed for years, but it truly took off in 2024, driven by a more relaxed regulatory environment. Both companies announced a new round of funding last week, but Polymarket's valuation has reached billions of dollars, causing a bigger stir.The product differences between the two startups are almost as small as those between Uber and Lyft. Aside from Kalshi being slightly ahead in the regulatory process, the most significant difference is that Polymarket is built on blockchain infrastructure. Kalshi is eager to add crypto features, but catching up to its competitor is not easy—Polymarket has been settling trades on the Polygon Layer 2 network since its inception, and its founder Shayne Coplan (27 years old) was even involved in Ethereum ICOs during high school.Critics can find many issues with Polymarket, but no one can question the authenticity of its crypto background. The more difficult question is: why does Polymarket's "crypto lineage" allow it to be valued much higher than its competitor? Especially considering that Kalshi has made significant inroads into the U.S. sports betting market and far exceeds Polymarket in app downloads and active users. The answer may be summed up in two words: token airdrop.Shayne Coplan published a post last week ranking cryptocurrencies, with a (currently fictional) token POLY placed fifth.

ChainCatcher news, August 23, the website of the Hong Kong University of Science and Technology's Business School published an article titled "Opportunities and Challenges of Offshore RMB Stablecoins," which pointed out that the development prospects of offshore RMB stablecoins are determined by three factors: usage demand, underlying asset supply, and policy and regulatory support.In terms of demand, the main application of RMB stablecoins in the future will focus on cross-border payments. Stablecoins can leverage their technological advantages of high payment efficiency, low costs, and convenient procedures to serve the real economy.Data shows that in 2024, the total cross-border receipts and payments of RMB under the current account will reach 16 trillion yuan, which is eight times the total market capitalization of the two major stablecoins, USDT and USDC. In the medium to long term, this enormous settlement volume is expected to gradually shift towards stablecoins.

ChainCatcher news, according to the official WeChat account of the Law School of Renmin University of China, a high-level training course on the disposal of virtual currencies involved in cases, stablecoins, and RWA will be held from August 29 to 31, 2025. The course will systematically analyze the legal attributes, regulatory framework, and disposal processes of virtual currencies, covering types such as Bitcoin, Ethereum, and stablecoins, focusing on the investigation and prosecution by judicial authorities, compliance risk prevention, and typical case analysis. The training fee is 9,800 yuan, with discounts available for alumni and group registrations. The target participants include professionals in the judicial practice, corporate legal affairs, and researchers.

ChainCatcher news, according to CryptoSlate, New York state legislators are considering a bill to tax digital asset transactions.The proposal was introduced in the state legislature on August 13, planning to impose a 0.2% sales tax on the buying, selling, or transferring of digital assets such as Bitcoin and Ethereum starting in September.According to the proposed bill, the tax revenue will be used to support the expansion of substance abuse prevention and intervention programs in schools across upstate New York. Individuals or entities assisting in these digital asset transactions or transfers will be responsible for paying this tax. If the bill is passed, New York will join an increasing number of regions exploring special taxes on digital asset activities.

ChainCatcher news, the Eclipse ecosystem NFT series After School Club has launched a utility token, GEM. GEM will reward ASC holders by providing practical uses and long-term benefits consistency within the Eclipse ecosystem.The initial airdrop snapshot was completed on July 21, with each ASC NFT allocated 5 GEM tokens, totaling an airdrop amount of 50,000 GEM (10% of the supply). Additionally, monthly airdrops will continue for 45 months, with each ASC NFT allocated 1 GEM per month, totaling a distribution of 450,000 GEM (90% of the supply).

ChainCatcher news, according to Business Daily, Zhao Changpeng stated that Giggle Academy focuses on building schools in impoverished areas that no one is willing to go to today. "Giggle may be small, but it focuses on building schools in impoverished areas that no one is willing to go to today."Giggle Academy was founded by Zhao Changpeng in 2024 and is a free non-profit online education platform aimed at providing gamified basic education for children.

According to GMGN data, some "vintage" meme tokens have rebounded significantly, among which: PNUT has a market cap of $250 million, with a 24-hour increase of 51.23%; ACT has a market cap of $60 million, with a 24-hour increase of 21.98%; CHILLGUY has a market cap of $58 million, with a 24-hour increase of 19%; MAX has a market cap of $6 million, with a 24-hour increase of 45%; ARC has a market cap of $65 million, with a 24-hour increase of 15.7%; SWARMS has a market cap of $30 million, with a 24-hour increase of 26%; ai16z has a market cap of $345 million, with a 24-hour increase of 16.7%.

ChainCatcher news, according to The Block, Ivy League school Brown University disclosed in its institutional investment manager holdings report submitted to the U.S. Securities and Exchange Commission (SEC) that it holds approximately $5 million in BlackRock's spot Bitcoin ETF shares.

ChainCatcher news, according to Bitcoin Magazine, the Ministry of Education of El Salvador will collaborate with the Bitcoin Office to launch The Little HODLer project, which will offer financial education courses for students aged 7-13. The project is titled "What is Money?" and will initially pilot in 50 public schools in the La Libertad department, with approximately 1,000 students participating.The course will provide 3 hours of Bitcoin and financial education content each week, integrating it into the national social studies curriculum. Students will learn about the history of money, the basics of budgeting, saving, and other foundational financial knowledge, as well as the importance of Bitcoin as a financial innovation. This program is an extension of El Salvador's investment in Bitcoin education, which previously launched a Bitcoin diploma course for upper-grade students and the CUBO+ scholarship program for university students.

ChainCatcher news, according to Cointelegraph, Lomond School in Scotland will start accepting Bitcoin for tuition payments from the autumn term of 2025, marking the first time in the UK. The school currently has no plans to accept other cryptocurrencies or to immediately convert Bitcoin into fiat currency. In the future, the school may establish a Bitcoin treasury, but it will seek input from the community.

ChainCatcher news, according to Bitcoin Magazine, the Lomond School in the UK has become the first school in the country to accept Bitcoin payments. Bitcoin Magazine reports that the school is seeking to establish a Bitcoin reserve.

ChainCatcher news, experts Lu Jianping and Liu Jia from the Law School of Beijing Normal University stated in their research article that China's current prohibition policy not only fails to adequately address the inherent risks of virtual currencies but also exacerbates the underground and cross-border trends of virtual currency trading, resulting in a unique residual risk situation.The two experts suggest accelerating the formulation of the "Digital Property Law," classifying virtual currencies as non-financial commodities, and incorporating them into the management of individual overseas investment behaviors through scenario-based multiple regulations. At the same time, they recommend improving the relevant provisions of the "Anti-Money Laundering Law," including virtual asset service providers within the scope of specific non-financial institutions, strengthening the regulation of decentralized finance (DeFi) transactions and peer-to-peer (P2P) transactions, and establishing a sound mechanism for the recovery and disposal of related assets.

ChainCatcher news, The ETF Store President Nate Geraci posted on X that, compared to public school systems, Memecoins are teaching more people the fundamentals of trading, liquidity, and overall market structure.

ChainCatcher news, cryptocurrency exchange Gemini co-founder Tyler Winklevoss announced on the X platform that as long as the Massachusetts Institute of Technology (MIT) is associated with Gary Gensler, the exchange will not hire any graduates from the school, and Gemini's summer internship program will also not hire interns from MIT.

ChainCatcher news, according to Protos, the UK Home Office has released a consultation plan, proposing to ban public sector organizations (including schools and the NHS) from paying cryptocurrency ransoms to cybercriminals, aiming to reduce the risk of these institutions becoming targets for hackers.According to the latest data, the amount paid globally to ransomware criminals in 2023 is approximately $1 billion, and the UK government states that action must be taken to protect national security.

ChainCatcher news, according to Protos, a 24-year-old Dutch law student was arrested this week on suspicion of being involved in a cryptocurrency scam worth millions of euros. The man, who called himself a "crypto banker," disappeared last year after his crypto trading scheme failed, resulting in losses of up to 4.5 million euros (approximately 4.6 million dollars) for about 300 investors, including friends and family. After hiding for a period of time, he was arrested by the police due to further evidence submitted by a foundation set up by the victims.According to one victim, despite the fact that the alleged scammer's plan was on the verge of failure, he continued to attract new investors. Investors in the Dutch cryptocurrency scam were asked to pay an investment fee of at least 5,000 euros (5,146 dollars), while he would take 50% of the profits as his reward. Lawyers pointed out that this behavior is similar to a crypto Ponzi scheme, using funds from new investors to pay back old investors.