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According to TechCrunch, the space computing startup Starcloud announced the completion of a new funding round of $250 million, led by Manhattan West Ventures, with participation from institutions such as Nvidia, Cisco, Benchmark, and EQT, among which Nvidia invested approximately $25 million in this round.The new funds will be used to expand satellite manufacturing facilities and advance the research and development of the next-generation orbital data center satellite Starcloud-3. Starcloud revealed that the company has been operating Nvidia H100 data center GPUs in orbit and has completed model training based on this GPU. Currently, most space computing projects use edge computing chips, while Starcloud is collaborating with Nvidia to provide test data for the Vera Rubin Space-1 GPU, which is specifically designed for the space environment. Starcloud's CEO Philip Johnston also previously stated plans to mine Bitcoin in space.

On August 21, 3D storage-computing integrated chip company Qianhe Yibang announced that its self-developed global first 4-layer 3D DRAM stacked storage-computing integrated chip successfully returned to the wafer and was powered on, marking the transition of this technology from validation to the engineering implementation stage. This chip adopts a three-dimensional integrated native computing architecture, with data access and storage bandwidth improved by an order of magnitude compared to traditional solutions, while access and storage power consumption, latency, and single data processing costs have all decreased by an order of magnitude.Qianhe Yibang was established in January 2024, incubated by NetEase, and recently completed over 2 billion yuan in Series B financing.

According to GMGN data, the top 5 tokens with the highest net inflow of KOL in the past 24 hours are as follows:TúAnh (BsXm....ump): Net inflow of $926, with a 24-hour increase of 7607.8%, currently priced at $0.0002.PENGUIN (8Jx8....ump): Net inflow of $772, with a 24-hour decrease of -21.3%, currently priced at $0.0199.rekt (B7a6....ump): Net inflow of $589, with a 24-hour increase of 12.7%, currently priced at $0.0001.STABLE (4Ajv....ump): Net inflow of $536, with a 24-hour decrease of -26.9%, currently priced at $0.0003.CARP (2hfN....ump): Net inflow of $240, with a 24-hour increase of 599.8%, currently priced at $0.0001.

According to Decrypt, Manhattan District Attorney Alvin Bragg urged New York state lawmakers to classify unlicensed cryptocurrency businesses as a criminal offense and called for enhanced law enforcement tools to combat crypto crime.Bragg warned that a criminal economy worth $51 billion is thriving in regulatory blind spots, allowing criminals to launder money from guns, drugs, and fraud without punishment. He specifically pointed out that unlicensed crypto ATMs, which charge fees of up to 20% to convert cash into digital assets, are one of the main issues. He argued that all crypto businesses must be subject to mandatory licensing and comply with Know Your Customer (KYC) regulations, with violators facing criminal liability. If the proposal is passed, New York will become the 19th state in the U.S. to criminalize unlicensed crypto operations.

ChainCatcher news, recently, according to the official WeChat account of the Intermediate People's Court of Tongling, Anhui, the Court of Zongyang County, Anhui, has concluded a dispute over unjust enrichment arising from virtual currency transactions. In this case, Ding purchased 1,300 Tether coins at a unit price of 7.44 yuan through a platform, totaling 9,672 yuan. After the seller, Wu, confirmed the order, the sale was completed and payment was received. However, Ding later claimed that Wu's earnings constituted unjust enrichment and requested a refund.The court held that the transaction of Tether coins violated public order and good morals, rendering the act invalid. The losses should be borne by the parties involved in the transaction, and the law does not provide protection, thus dismissing the plaintiff's claims.

ChainCatcher news, according to CCTV News, the police in Suzhou, Anhui recently cracked a case involving the sale of bank cards for "remote money laundering" using virtual currency, with an amount involved exceeding 80 million yuan. Investigations revealed that the criminal gang formed a "ticketing" group relying on an overseas criminal organization, recruited card dealers through social media, and organized a "card dealer fleet" to collect cards domestically and complete cash withdrawals, purchase virtual currency, and other operations, allowing cross-border fund laundering without the bank cards leaving the country.

According to ChainCatcher news, the Hong Kong Commercial Daily reported that Meitu founder Cai Wensheng purchased the entire building in Tin Hau for approximately HKD 650 million. The transaction involves the property "PARK AURA," a commercial building located on Tin Hau Road. This property was completed in 2020, has 25 floors (from basement to 24th floor), with a floor area of about 2,041 square feet and a total floor area of approximately 53,000 square feet.Cai Wensheng stated on social media that he plans to transform the building into an AI-Web3 entrepreneurship center: the 1st and 2nd floors will feature an AI-themed café (similar to a garage café model), along with a space for AI technology lectures. Some floors will be designated as AI-Space shared office areas, available for free to Hong Kong entrepreneurs to apply for use. The remaining floors are planned to be studios in the fields of AI and Web3.

ChainCatcher news, Baidu Chairman and CEO Robin Li stated that the success of DeepSeek has accelerated the application of foundational models.

ChainCatcher News, President Trump has appointed Danielle Sassoon as the acting head of the U.S. Attorney's Office for the Southern District of New York, overseeing matters in Manhattan and the surrounding areas.Sassoon previously led the prosecution of FTX founder Sam Bankman-Fried, which resulted in Bankman-Fried being sentenced to 25 years in prison. Additionally, she was involved in the Department of Justice's case against Terra founder Do Kwon.Sassoon graduated from Harvard University and Yale Law School, and she served as a clerk for the late Supreme Court Justice Antonin Scalia. She will lead the Southern District Attorney's Office until the confirmation process for Trump's nominee, Jay Clayton, is completed.

ChainCatcher news, according to Jinshi reports, Baidu founder Robin Li sent a letter to all employees in the evening stating, "For 25 years, we have always been at the forefront of technology, and we firmly believe that technological innovation is Baidu's core competitiveness."The letter expresses expectations for 2025, "Although super applications have not yet emerged, the actual penetration rate of AI is already not low, and it will continue to experience explosive growth in 2025."

ChainCatcher news, according to the Anhua Public Account, the EDA project that has emerged in the city has attracted significant attention. Investigations have revealed that there are major financial risk hazards, and citizens are urged to remain vigilant.It is reported that the EDA project claims to be launched by Hong Kong EDA Group Holdings Limited, promoting its business under the guise of "cross-border e-commerce and logistics companies" and other entities' traffic popularity. Members are required to pay an entry fee to purchase popular traffic to become "new recruits," with the value of popular traffic equivalent to the value in RMB.The project currently relies mainly on overseas or uncertainly secure virtual currency trading platforms for payments. The platform's funds are characterized by instability and difficulty in regulation. In the event of financial fraud or money laundering and other illegal activities, it will be difficult for the public to protect their rights.Analysis shows that the payment channels, operating model, and reward system of the EDA project have suspected pyramid scheme characteristics, posing significant financial risk hazards. Relevant departments will continue to closely monitor and take strong measures to combat such illegal activities.

According to ChainCatcher news, the Shenzhen News Network reported that the People's Court of Qianhai Cooperation Zone in Shenzhen recently made a ruling on a labor dispute case involving virtual currency salary payments. The case originated in June 2021, when the plaintiff, Zhou, joined a company as a senior engineer, claiming that he had agreed with the company on a monthly salary of 45,000 yuan, of which 20,000 yuan would be paid via bank transfer and the remaining 25,000 yuan in the form of USDT. Two months later, the company terminated the labor contract on the grounds of "skills not matching," but did not pay the agreed portion of the salary in virtual currency.The court determined that, according to the "Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading Speculation" issued by the central bank and ten other departments in September 2021, virtual currencies including Bitcoin, Ethereum, and USDT do not have legal tender status. At the same time, Article 50 of the Labor Law and Article 5 of the Interim Provisions on Wage Payment clearly state that wages must be paid in legal currency on a monthly basis and cannot be replaced by other forms.Ultimately, the court only supported the plaintiff's claim regarding the unlawful termination of the labor contract, ordering the company to pay 10,000 yuan in compensation. The case was upheld by the Shenzhen Intermediate People's Court in the second instance.

ChainCatcher news, according to Reuters, the Manhattan U.S. Attorney's Office plans to scale back its handling of cryptocurrency cases.Scott Hartman, co-head of the Securities and Commodities Task Force for the Southern District of New York, stated that the office will not overlook cryptocurrency cases, but the number of prosecutors handling these cases is fewer than during the 2022 crash in digital asset prices (the so-called "crypto winter").

ChainCatcher news, Hong Kong listed company Nanhua Financial announced that its subsidiary Nanhua Securities has upgraded its business license for Type 1 regulated activities. This upgrade enables Nanhua Securities to provide virtual asset trading services to professional investors in Hong Kong.

ChainCatcher news, the Public Security Bureau of Wuhua County, Anhui Province, made precise judgments and took swift actions, successfully cutting off a chain that used virtual currency trading platforms as a cover while actually engaging in money laundering activities through score running. Three suspects have been brought to justice. This score running gang took advantage of the public's vague understanding of virtual currency investment, using virtual currency trading platforms as a cover to seemingly engage in legitimate investment speculation while actually participating in illegal score running and money laundering activities. The amount involved in this gang reached tens of millions, posing an immeasurable threat to financial order and social security.The score running gang manipulated highly concealed score running software, utilizing bank accounts or third-party payment platforms, and through fictitious transactions and dispersed transfers, "laundered" the illegally obtained funds, making them appear as legitimate income. Currently, the three suspects have been subjected to compulsory measures in accordance with the law.

ChainCatcher news, according to Anhui Daily, the Anhui Provincial Political and Legal Affairs Committee, the Provincial Market Supervision Administration, and the Provincial Public Security Department jointly issued a notice. From May 13 to December 10, a province-wide crackdown on pyramid schemes called "Anhui Sword - 2024" will be launched, focusing on investigating network pyramid schemes that operate under the banners of "blockchain," "metaverse," "digital asset trading," and engage in activities such as virtual currency, mining machines, blockchain, and forex trading.

ChainCatcher news, according to TheBlock, Coinbase is relocating to a new office in Manhattan, New York, and in the process is abandoning its previous workplace at Hudson Yards.It is reported that Coinbase has signed an eleven-year lease for a space at 1 Madison in the Flatiron District of Manhattan, covering an area of 67,208 square feet. This office space is approximately twice the size of the original Hudson Yards space, but the company has neither changed its remote work policy nor indicated plans to expand its team in New York. Sources revealed that the number of Coinbase employees has remained relatively stable this year.

ChainCatcher news, CNBC reporter Mackenzie Sigalos posted on the X platform that the sentencing hearing for SBF will take place at 9:30 AM ET (9:30 PM Beijing time) on the 26th floor of the Manhattan Federal Court.Sigalos added that after speaking with prosecutors and trial lawyers, there is a consensus that SBF could be sentenced to 20 to 30 years in prison.