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The CEO of Japan's Bitcoin treasury company Metaplanet, Simon Gerovich, posted on the X platform, stating that the gap between companies holding Bitcoin and those that do not lies not in the strength of their "faith" in the asset. For most companies, Bitcoin has never even entered the management's discussion agenda; it is not that it was debated and rejected, but rather that it was never brought up at all. Simon Gerovich pointed out that management teams that seriously consider incorporating Bitcoin into their asset allocation have already crossed a threshold that most companies have never approached: they are willing to endure years of being misunderstood by the market during the execution of long-term strategies. For this reason, there are very few companies globally that truly adopt this strategy.

Elixir Protocol has announced the termination of its deUSD synthetic stablecoin, a move triggered by the chain reaction following Stream Finance's suspension of withdrawals earlier this week.Stream Finance has encountered difficulties due to an external fund manager disclosing a $93 million loss, currently owing Elixir over $68 million. Elixir has processed approximately 80% of the deUSD holders' redemption requests and has taken a snapshot of the remaining holders, promising to fully redeem at a 1:1 ratio with USDC. Currently, Stream Finance holds about 90% of the deUSD supply (approximately $75 million), and Elixir is working with decentralized lending platforms such as Euler, Morpho, and Compound to liquidate its Stream positions and allocate funds to deUSD holders.

ChainCatcher news, the TON Foundation has announced the termination of an intern due to the intern promoting a meme token they created on their personal social media account.The intern advertised the token launched on the pump.fun platform on their personal X account bearing the TON badge and discussed the future plans for the token through live streams, but later deleted all related content and abandoned the project.The TON Foundation emphasized that this action was not initiated by the foundation and did not receive the foundation's approval or endorsement. However, since the intern was responsible for managing the official TON X account and promoted on an account displaying the TON badge, this behavior caused confusion within the community and undermined trust.The foundation stated that such behavior does not align with its values and the standards required for representatives of the TON Foundation, and therefore immediately terminated the intern's position. The foundation appreciates community members for raising concerns and bringing attention to the matter in a timely manner, and reiterates that the development of TON relies on accountability and transparency both internally and externally.

ChainCatcher news, according to the official announcement, the Federal Reserve has announced the termination of the "novel activities" regulatory program for banks' cryptocurrency and fintech businesses.

ChainCatcher news, according to the official announcement, the Federal Reserve Board announced on Friday that it will terminate the "novel activities" supervisory program and restore oversight of banks' novel businesses through normal supervisory processes.Since the committee launched its supervisory program targeting specific cryptocurrency and fintech activities of banks, the Federal Reserve has deepened its understanding of these activities, the associated risks, and banks' risk management practices. Based on this, the Federal Reserve will reintegrate the relevant knowledge and oversight of these activities into the standard supervisory process and revoke the supervisory letter establishing the program from 2023.

ChainCatcher news, the re-staking protocol Inception built on EigenLayer has announced that it will cease operations. The announcement states that Inception has not found a suitable product-market fit in the past two years. Additionally, the lack of liquidity rewards in shared security has made it difficult for the protocol to move forward.ChainCatcher previously reported that the decentralized liquidity re-staking protocol Inception announced the completion of a $3.5 million seed round financing, with participation from London Real Ventures, Gallet Capital, Metazero Capital, Kinetic Kollective, Zephyrus Capital, DSRV, Dewhales, Connectico Capital, Unreal Capital, and Absoluta Digital. The new funds are intended to support the construction of a modular risk management framework, allowing users to choose reward-generating assets in order to maximize point rewards and the utility of liquid staking tokens (LST).

ChainCatcher news, according to The Block, Alpaca Finance announced that it will gradually terminate all product operations, planning to stop opening new positions in all liquidity pools in the first week of June 2025, and will automatically close all remaining active positions by June 30.Previous report stated that after Binance delisted its ALPACA token in April, the token's liquidity and capital deployment capabilities were severely restricted. Coupled with the intensified competition in the current DeFi space, the decision to shut down was ultimately made. The team stated that this decision was made after careful internal evaluation, aiming to ensure the safe and orderly exit of user assets. Binance had not previously specified the reasons for the delisting, but such decisions are typically based on a combination of factors including project progress, liquidity, and team commitment.Coingecko data shows that the price of the ALPACA token has dropped by 26.2% in the last 24 hours.

ChainCatcher news, according to an official report from Bithumb, due to some virtual asset service providers (VASP) suspending their Travel Rule solution services, it is no longer possible to withdraw virtual assets worth more than 1 million KRW to VASP.

ChainCatcher news, according to Ronin co-founder Psycheout, due to the development team 0x& behind Ragnarok Monster World violating the agreement between both parties and secretly signing collaborations with other blockchains, the partnership will be terminated. Within the next 48 hours, the Ragnarok Monster World project and its assets will be removed from Sky Mavis products, and its NFTs will no longer be tradable on Ronin Market.

ChainCatcher news, according to CoinDesk, Unicoin CEO Alex Konanykhin stated that the company is still under investigation by the SEC. He has written to the SEC requesting the termination of the charges and a review of the enforcement officials' "politicized regulation" behavior.Previously, the SEC had accused Unicoin of fraud and illegal securities issuance during the final days of the Biden administration, prompting the company to relocate its operations to Europe. After the Trump administration pushed for the U.S. to become the "global crypto capital," the company planned to return to New York for an IPO but is once again facing a civil lawsuit from the SEC. Konanykhin claimed that the SEC's accusation of "illegal airdrops" is a common marketing practice in the industry, which was also used when "the president issued meme coins," and emphasized that Unicoin is actively preparing for its IPO plans.An SEC spokesperson did not comment on the status of the case.

ChainCatcher news, Hong Kong listed company Zhu Di Holdings announced that it plans to register a wholly-owned subsidiary, Zhu Di Digital Technology Co., Ltd., to engage in virtual currency mining business, including the construction of virtual currency mining farms and the operation and hosting of virtual currency mining farms, has announced the termination of its virtual currency mining business. The board of directors has decided to terminate the new business activities immediately.

ChainCatcher message, the decentralized full-chain data network Chainbase announced that since the loyalty program started yesterday, there has been a significant increase in spam and suspicious activities in its Discord server. Chainbase has decided to terminate the current loyalty program and take measures to reduce unfair activities.Chainbase recorded the Discord levels as of February 7 at 15:00. Additionally, all Discord server chats have been set to a 24-hour slow mode to alleviate the current situation. Chainbase has also added team members as moderators to join the Chainbase X community (also known as the Chainbase Club).

According to ChainCatcher, Bloomberg reports that former Binance executive Amrita Srivastava has filed a whistleblower lawsuit in the UK for wrongful termination. During her time in London, Srivastava stated to the labor arbitration tribunal that she was unfairly dismissed after reporting an incident involving colleagues soliciting bribes from clients for preferential treatment.In response, Binance stated that the company was already aware of the matter and had initiated an internal investigation, and that the employee was terminated due to poor job performance, with the dismissal decision made prior to her whistleblowing. The case is currently being heard by the UK labor arbitration tribunal.

According to ChainCatcher news, the WEMIX Foundation announced the termination of the WEMIX token burn plan and will redirect resources towards ecosystem expansion. At the same time, its team will continue to promote a deflationary token economy through the WEMIX Pay buyback plan, committing to use at least 4-5% of WEMIX Pay revenue for buybacks.It is reported that the WEMIX Foundation has implemented token burns in various ways, including six large-scale burns, batch burns, and automatic burns.Previous news indicates that during the Brioche hard fork on July 1 of this year, the foundation burned 435 million WEMIX (40% of the total issuance) and implemented a block minting halving mechanism.

ChainCatcher news, according to an official announcement, the Federal Reserve Board announced on Friday the termination of enforcement actions against Silvergate Bank located in California and its holding company Silvergate Capital Corporation.Since May 2023, the Board's enforcement actions ensured that Silvergate Bank was liquidated and ceased operations in a manner that protected depositors. Since then, Silvergate Bank has completed its liquidation and shutdown plan, repaid all customer deposits, and is no longer operating as a bank.

ChainCatcher news, according to CoinGecko data, affected by the termination of cooperation with Entangle, the Meme token BORPA briefly dropped over 90%, currently priced at $0.006356.It is reported that the Meme token project BorpaToken announced the termination of its relationship with the cross-chain DeFi protocol Entangle. BorpaToken will take a snapshot and migrate to protect community interests and achieve the goal of becoming a blue-chip meme coin.

ChainCatcher news, LayerZero Labs posted on the X platform stating that the self-reporting phase for witches has now ended. Each eligible address will receive 15% of its expected token allocation, while the remaining 85% will be returned to qualified users. A total of 803,093 addresses have been identified as potential witch addresses.The team initially marked over 2 million addresses as potential witches but later adopted stricter criteria to reduce false positives.A complete list of self-reported addresses, along with address information identified in preliminary analyses conducted by LayerZero, Chaos Labs, and Nansen, has been published. Please note that this list is preliminary and is intended to remove a large number of addresses from bounty-hunting eligibility; it should not be considered definitive information before the final report is released. For example, relevant addresses may be removed from the witch list when the official calculation method is updated.The team will continue to refine and improve the methodology during the bounty-hunting process over the next two weeks. The initial list will not be updated during this period and will not affect bounty hunters. The final witch list will be published after the bounty-hunting concludes on May 31.

ChainCatcher message, according to the official announcement from Bithumb, due to the suspension of travel rule solution services by some virtual asset service providers (VASP), it is not possible to withdraw virtual assets worth more than 1 million KRW through these VASPs. This notice applies to Hanbitco.