quests

The U.S. Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has jointly filed a motion with Gemini Trust Company LLC in the U.S. District Court for the Southern District of New York, requesting the dismissal of a previous judgment against Gemini.The case was originally filed in June 2022, and the parties reached a consent order in January 2025. After a comprehensive review, the CFTC concluded that the lawsuit should not have been filed and would not be filed under current enforcement standards.The review identified six major issues: the complaint was primarily based on statements from a whistleblower of questionable credibility; the investigation targeted Gemini as a victim of fraud rather than the alleged fraudster; there were serious doubts about the strength of the evidence against Gemini; relevant supporting materials were concealed and not submitted to the commissioners during the CFTC's vote on the complaint; the litigation team invoked deliberative process privilege to prevent Gemini from obtaining evidence necessary for its defense; and personnel improperly used CFTC regulatory power to create leverage for settlement.The CFTC determined that continuing to enforce the forward-looking provisions of the consent order is neither consistent with its mission nor in the public interest, and that the non-forward-looking provisions of the consent order (such as civil penalties) have been fulfilled. The parties jointly request the court to vacate the remaining forward-looking provisions.

U.S. Senator Warren requests the U.S. Securities and Exchange Commission (SEC) to investigate the cryptocurrency company of President Trump's family.

According to Decrypt, the closed cryptocurrency exchange Bittrex has filed a motion to a federal judge to withdraw its settlement agreement with the U.S. SEC and is requesting the SEC to return the $24 million fine.Bittrex was accused by the SEC of offering unregistered securities trading during the Biden administration, ultimately reaching a settlement and paying a fine, and then closed due to the "current U.S. regulatory and economic environment" that made it impossible to continue operations. Bittrex's lawyers pointed out in the latest filing that the SEC's stance on cryptocurrency regulation has fundamentally changed since the Trump administration took office, acknowledging that the legal theory that most tokens are considered securities was incorrect, that the enforcement strategy has been flawed from the beginning, and that almost all lawsuits and investigations against cryptocurrency companies have been withdrawn.Bittrex is asking the judge to order the return of the funds before the SEC transfers the money to the Treasury for compensation. In March of this year, the SEC initiated the process to transfer the fine to the Treasury.

According to CoinDesk, Cardano's core development company Input Output submitted nine funding proposals for the 2026 community treasury, totaling $46.8 million, a significant reduction of about 52% from last year's $97.5 million, marking the first step towards gradually reducing reliance on community funds.The nine proposals focus on two main directions: first, the consensus upgrade plan Leios, which is expected to increase Cardano's transaction processing capacity by 10 to 65 times, aiming to exceed 1,000 transactions per second, with testing planned for June and full launch by the end of the year; second, the Bitcoin DeFi system Pogun, which allows Bitcoin holders to lend and earn through Cardano without having to trust centralized institutions, with lending features expected to be publicly released in the second quarter.This voting involves about 1,000 elected representatives (DReps), with the voting deadline set for May 24. The results will test whether the Cardano community views Input Output as a regular funding applicant.Meanwhile, the new stablecoin USDCx in the Cardano ecosystem has reached a circulation of 14.6 million coins within weeks of its launch, and the total locked assets on the network have increased from $137.5 million to $142.7 million.

YZi Labs issued a statement claiming that based on the disclosures from CEA Industries (BNC), 10X and its affiliates may exceed the 5% threshold for 13D filing by the end of 2025 due to large warrant exercises, but no corresponding disclosure has been observed; it also questioned whether the board's "poison pill" and other concerted actions and affiliations constitute an undisclosed "group," demanding immediate supplemental disclosure to the SEC.

According to a report by The Paper, it has recently been reported that Tencent has officially sent a complaint letter to GitHub (the world's largest code hosting and collaboration platform), requesting the removal of a batch of open-source projects that "allow users to export or analyze their WeChat chat records." Among them, some project leaders who are more concerned have publicly stated that, under legal pressure, the projects have been forced to cease maintenance.In response, Tencent stated that some open-source projects that read WeChat chat records have cracked the local database keys through reverse engineering of the WeChat client, bypassing the encryption measures of the WeChat client, which threatens the data privacy and client security of users and third parties, and can easily be exploited by black and gray industries.

According to Xinhua News Agency, the Director of the Office of the President of Colombia, Angie Rodriguez, announced on the evening of the 3rd that Colombia requested an emergency meeting of the United Nations Security Council on the 5th and proposed to hold a special meeting of the Permanent Council of the Organization of American States to address the impact of the changes in the situation in Venezuela on regional stability.

According to Bloomberg, Terraform Labs co-founder Do Kwon has requested a U.S. court to impose a sentence of no more than five years in prison for his role in the 2022 TerraUSD stablecoin $40 billion collapse case.Kwon had previously pleaded guilty in 2024, admitting to conspiracy and wire fraud charges, thus avoiding a trial. He was extradited to the U.S. after being arrested in Montenegro for using a forged passport, having been a wanted person by South Korean authorities. According to previous reports from Reuters: Terra founder Do Kwon has pleaded guilty in the $40 billion cryptocurrency collapse case, with sentencing set for December 11.

According to Bloomberg, Terraform Labs co-founder Do Kwon has requested a U.S. court to sentence him to no more than five years in prison for his role in the 2022 collapse of the TerraUSD stablecoin, which amounted to $40 billion.Kwon had previously pleaded guilty in August 2024, admitting to conspiracy and wire fraud charges, thus avoiding a trial. He was extradited to the U.S. after being arrested in Montenegro for using a forged passport, having been a wanted fugitive by South Korean authorities.Earlier reports from Reuters indicated that Terra founder Do Kwon has pleaded guilty in the $40 billion cryptocurrency collapse case, with sentencing scheduled for December 11.

The U.S. prosecutors are seeking a 5-year prison sentence for Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill, citing their long-term operation of an unregistered cryptocurrency mixing service that assisted in laundering at least $237 million, including proceeds from crimes such as drugs, the dark web, hacking, and illegal content. The two pleaded guilty in July and will be sentenced separately this week.

ChainCatcher news, Tornado Cash co-founder Roman Storm has requested a federal judge to dismiss the charges against him since his high-profile criminal trial.Storm's plea for acquittal comes exactly eight weeks after a jury found him guilty of conspiracy to operate an unregistered money transmission business. The charge carries a maximum sentence of five years in prison. However, the jury was unable to reach a consensus on the most serious charges—conspiracy to commit money laundering and evade sanctions. The cumulative maximum sentence for these two charges could reach 40 years, and the prosecution has yet to decide whether to retry Storm. Storm's attorney has requested the judge to acquit him on all three charges, arguing that the evidence presented during his three-week trial failed to prove Storm had criminal intent and that the case should not have been tried in New York.

ChainCatcher news, according to Bitcoin Magazine, the U.S. Congress has introduced H.R. 5166, a bill requiring the Treasury to develop a custody and management plan for Bitcoin acquired by the federal government (including strategic Bitcoin reserves).The bill was submitted by Representative Joyce of Ohio on September 5, 2025, and pertains to the fiscal year 2026 financial services and government appropriations.

ChainCatcher news, according to market reports, CZ has become the latest Binance-related individual to request a bankruptcy court to dismiss the FTX trust allegations. The trust is attempting to recover $1.76 billion improperly transferred by Sam Bankman-Fried (SBF). CZ filed a motion in the U.S. Bankruptcy Court in Delaware on Monday, stating that the FTX trust and FTX Digital Markets Ltd. cannot prove he has a "domicile" in Delaware, as he is a resident of the UAE and not subject to the jurisdiction of that state.CZ stated in the documents: "These allegations are far removed from Delaware, and even from the U.S. mainland, and the relevant laws do not have extraterritorial effect, thus are not applicable."As early as November 2024, the FTX trust and FTX Digital Markets had filed a lawsuit against Binance and its executives due to a share buyback agreement from July 2021. In July of this year, two former Binance executives, Samuel Wenjun Lim and Xiao Dinghua, also requested the court to remove themselves from the lawsuit.The FTX trust alleges that Binance and the aforementioned executives obtained funds through the share buyback transaction when they sold approximately 20% of FTX's international business and 18.4% of FTX's U.S. business. According to court documents, to complete this transaction, Alameda Ltd. (registered in the British Virgin Islands) transferred funds to Binance. The Binance-related entities are registered in Ireland, the Cayman Islands, and the British Virgin Islands, so CZ's team pointed out that this transaction has a clear "extraterritorial nature" and should not be subject to U.S. law.

ChainCatcher news, Amber Group's Web3 accelerator amber.ac has officially launched the second global hackathon BUIDL_QUESTS 2025, with a total incentive amount exceeding 10 million USD, focusing on the AgentFi field, helping to build the next generation of crypto economy driven by autonomous agents.The incentives include cash prizes, ecological incentives, potential investment opportunities, cloud service resources, and TVL liquidity support, among others. Participating projects will also have the opportunity to receive mentorship from Amber Group, financing opportunities, and showcase on the Token2049 offline stage.In addition, the representative of the agent economy, MIA, will participate as an event ambassador for content co-creation and community interaction.Registration is open now. For more details, please visit the amber.ac official website or join the official Telegram community.

ChainCatcher news, according to Cointelegraph, Robinhood has attracted strong interest from numerous private companies looking to tokenize their shares after launching its stock token platform in the EU last week.Robinhood CEO Vlad Tenev stated that the company has received a large number of requests from private enterprises wishing to enable retail investors to participate in their equity trading through blockchain-based tokens.The platform is currently available only in the EU, supporting the trading of over 200 tokenized U.S. stocks, with trading occurring five days a week. Additionally, the platform has conducted promotional activities, giving away non-tradable tokens representing private companies such as OpenAI and SpaceX for free.

ChainCatcher news, according to a letter from the Securities Industry and Financial Markets Association (SIFMA) to the SEC's cryptocurrency working group, opposing the requests from crypto companies like Coinbase and Kraken for exemptions to issue tokenized stocks. SIFMA stated that the related requests are "seriously concerning" and urged the SEC to gather public input through an open process to avoid rapid approvals in an opaque manner.SIFMA emphasized that such significant policies should not be handled directly through "no-action" or exemption forms. The association also questioned whether the SEC can regulate unregistered entities and protect investors' rights.

ChainCatcher news, according to Protos, the cryptocurrency law firm Burwick Law aims to deliver a $440 million cryptocurrency lawsuit to a Dubai real estate developer using NFTs. The firm filed a lawsuit last December against seven defendants, including Peter McInnes, accusing them of stealing over $450 million in investor funds through a cryptocurrency-based Ponzi scheme.Burwick Law is requesting to serve the lawsuit documents via NFTs to the hard-to-reach defendants. The firm believes that since the alleged Ponzi scheme relied on social media promotion and NFT sales, serving via NFTs is appropriate.In previous news, the law firm Burwick Law has filed a lawsuit in the New York Supreme Court on behalf of its clients against Kelsier Ventures, KIP Protocol, Meteora, and related parties regarding the LIBRA token issuance. This class action lawsuit accuses the defendants of orchestrating an unfair token issuance campaign that misled buyers and harmed the interests of retail investors.