termination

On October 14, Jinshi Data reported that the AI company Anthropic has requested the federal appeals court in Washington to reconsider the ruling made on September 25. This ruling upheld the Trump administration's decision to classify Anthropic as a supply chain risk enterprise that poses a threat to U.S. national security.Anthropic argued that the judge misinterpreted the law, allowing the Department of Defense to take action without any prior determination procedures. The company also stated that there is clear evidence indicating that this classification is retaliation for its statements on artificial intelligence safety issues.

Bitcoin has retreated from around $86,000 at the beginning of October, fluctuating in the range of $81,000 to $84,000 in recent days, while the US dollar has strengthened and US Treasury yields remain high. Cloud, the chief analyst at Huobi HTX, believes that the likelihood of breaking down from the fluctuation range is greater.The ISM services price index rose to 74.0 in September, the highest since July 2022, and the one-year inflation expectation from the University of Michigan rose to 4.7% in October. The rise in price components and inflation expectations indicates that the probability of CPI exceeding expectations this Thursday is not low; if this materializes, the pricing for interest rate hikes at the end of the year will be further strengthened, and the lower bound of $81,000 will be tested first. Only if CPI is below expectations will the breakthrough of the upper bound of $84,000 have sustainability.The recent decline in chip stocks is mainly due to the repricing of AI capital expenditures and hardware profit expectations. The retracement of Bitcoin is smaller, indicating that its pricing is more aligned with macro liquidity, and its correlation with the AI narrative is weakening; however, this divergence is temporary. Once the US dollar and long-term interest rates regain dominance in pricing, the linkage will quickly strengthen, with the CPI announcement on Thursday evening serving as a recent testing window.

The Shanghai Intermediate People's Court has published typical cases, analyzing whether "traffic personnel" involved in telecommunications network fraud related to virtual currencies constitute accomplices in fraud. From February 2022 to April 2023, the defendants, for the purpose of profit, assisted upstream fraudulent activities by "draining traffic," using online virtual phone software to lure victims into related scam groups, ultimately causing 30 victims to be defrauded of more than 2.34 million yuan (the same currency hereafter) by an overseas fraudulent organization. The overseas fraudulent organization transferred funds into the suspects' trading accounts via virtual currency.The Shanghai First Intermediate People's Court pointed out that in telecommunications network fraud cases, "traffic personnel" may constitute accomplices in fraud or illegal use of information networks depending on specific circumstances. The key lies in determining whether they have formed a clear criminal intent connection with the upstream fraudulent organization and whether there is stable cooperation and division of labor. In judicial practice, when assessing the criminal responsibility of "traffic personnel," factors such as their role in the criminal chain, the degree of organizational management, connections with upstream criminals, methods of profit, and abnormal behavior should be comprehensively considered. Actions that only provide general online services and do not form a conspiracy to commit fraud should be distinguished from "draining" actions that knowingly participate in the implementation of fraud.

According to the Daily Economic News, following the requirement to confirm that the source of funds for new account openings comes from legal overseas channels, some banks in Hong Kong have begun to initiate a source of funds declaration process for certain existing mainland investment clients. HSBC Hong Kong has recently started notifying some existing mainland investment clients, requiring them to submit the "Declaration for Opening/Maintaining Accounts" through the HSBC Hong Kong App by September 12 and to update their contact information.The declaration includes confirming that the funds for investment activities come from legal sources outside mainland China, and that the bank may disclose personal information at the request of law enforcement or regulatory agencies. The notice also mentioned that if the declaration is not submitted by August 20, investment-related services may be suspended; if it is still not submitted by September 12, investment-related services may be terminated.An HSBC spokesperson responded that they will follow relevant regulatory requirements when managing investment client relationships, thus inviting relevant mainland Chinese investors to provide self-declarations and confirm that the information provided in their "Know Your Customer" and "Customer Due Diligence" processes is current and valid, which helps to continuously provide uninterrupted services to clients. HSBC emphasized that this latest declaration requirement applies only to investment service clients.

According to crypto journalist Eleanor Terrett, the final text of the compromise on Section 702 of the Foreign Intelligence Surveillance Act (FISA), proposed by Senate Intelligence Committee Chairman Tom Cotton, includes a Federal Reserve CBDC ban that was originally part of the housing bill. This text is expected to ultimately become law. Notably, the termination date of the ban has been moved up from December 31, 2030, to June 12, 2029.

According to Bloomberg, Galaxy Digital founder and billionaire Michael Novogratz confronted BitGo Holdings CEO Mike Belshe in court this week over a four-year merger dispute.BitGo is seeking at least $100 million in damages from Galaxy, stemming from Galaxy's proposed $1.2 billion acquisition in 2021—at the time the largest merger deal in the history of the crypto industry—which ultimately fell through due to the collapse of the crypto market. BitGo alleges that Galaxy failed to make reasonable efforts to push the deal to completion and concealed relevant details about investigations by U.S. authorities, which could significantly impact the completion of the merger.

According to official news, Manta Network announced that it will terminate the Manta staking program, as the inflationary nature of staking rewards (generated from the issuance of new tokens) will dilute all MANTA holders over time. Staking rewards will officially stop in two weeks, operators can exit immediately, and delegators can un-stake at any time through the dashboard, with funds being secure and controlled by the users themselves.At the same time, Manta Network will operate the Layer 2 infrastructure of Manta Pacific completely independently, no longer relying on third-party operators. The previously announced deprecation plan for Manta Atlantic is progressing.

Binance announced today that as part of the merchant partner review, Binance Pay has terminated support for payment functionality on the RedotPay platform as of April 3, 2026.The announcement emphasized that other services of Binance Pay are unaffected, and users can still transfer cryptocurrency to friends and family via email, phone number, or Binance ID (UID), and can use cryptocurrency payments at over 21 million merchants worldwide, including national QR code networks in multiple countries.Binance stated that it will continue to expand new merchant partners to provide users with more options.

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 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.