Daily | SEC accuses Musk of securities violations; Coinbase discloses currency listing standard guidelines; Deribit CEO confirms receipt of strategic investment interest

Organized by: Fairy, ChainCatcher

Important information:

• The U.S. SEC filed a lawsuit against Musk in federal court, accusing him of securities violations.
• Source: Trader Eugene is co-founded by Tangent Ventures and is a seed round investor in ENA tokens
• South Korea’s Financial Commission will review Upbit’s alleged KYC violations on January 21
• Deribit CEO confirmed receipt of strategic investment interest and emphasized that it was not listed for sale
• Market news: TikTok is ready to shut down service to US users on Sunday unless the Supreme Court steps in to block the ban
• Market News: Thailand may allow Bitcoin ETFs to be listed on local exchanges for the first time
• Coinbase Public Listing Standard Guidelines: 90% of assets fail to meet DASG review requirements

"What important events happened in the past 24 hours?"

[Hong Kong court serves tokenization legal notice via blockchain,

requiring freezing of two Tron wallet assets](https://www.chaincatcher.com/article/2162657)

Hong Kong courts can now serve tokenized legal notices via blockchain on anonymous owners of illegal wallet addresses. A court injunction revealed that two wallet addresses on Tron received tokenized legal notices requesting that their assets be frozen.

Joshua Chu, a cybersecurity consultant at Macro Systems, a technology provider for tokenization legal notices, said: “If the transaction goes ahead, it will violate criminal laws. If a centralized exchange is involved, they may be hesitant to deal with these wallets because of legal obligations. ”

[Source: Trader Eugene is co-founded by Tangent Ventures and is a seed

round investor in ENA tokens](https://www.chaincatcher.com/article/2162633)

According to X platform user @MiyaHedge, trader Eugene Ng (@0xENAS) is actually Darryl Wang, co-founder of Tangent Ventures, who has repeatedly promoted ENA tokens without disclosing his interest. It is reported that Eugene participated in the seed round investment of ENA tokens.

Miya expressed his willingness to provide US$1 million as a guarantee and asked Eugene to prove that he had no connection with Tangent Ventures. Miya pointed out that this behavior may violate relevant regulations in Singapore. This matter has become an open secret in the Singapore trading circle, but more than 99% of the encryption community does not know about it.

[Thailand proposes ban on Polymarket to crack down on online

gambling](https://www.chaincatcher.com/article/2162627)

Thailand’s cybercrime authorities have proposed banning the decentralized prediction market Polymarket because it could be considered an online gambling site, which is illegal in the country.

Thailand’s Cybercrime Investigation Bureau said the suspension of Polymarket was crucial to prevent the public from becoming victims of online gambling and to deter the use of cryptocurrencies to engage in illegal activities, as illegal activities “may have serious impacts on the economy and society.”

Cyber ​​police said the website facilitated betting on global events through cryptocurrencies, which may constitute illegal online gambling in Thailand. Police did not indicate a timetable for a possible closure.

[Trump’s son Eric Trump has followed Sui Network’s official X

account](https://www.chaincatcher.com/article/2162607)

According to Twitter (X) information, Trump’s son Eric Trump has followed Sui Network’s official X account.

[South Korea’s Financial Commission will review Upbit’s alleged KYC

violations on January 21](https://www.chaincatcher.com/article/2162604)

According to Korean media reports, the Financial Information Unit (FIU) of the Korean Financial Commission plans to convene a sanctions review committee against Upbit on January 21. This is due to issues related to violations of customer identification (KYC) obligations that were previously discovered during on-site inspections of virtual asset service providers (VASPs) to renew their registrations. The outcome of the review may involve the determination of penalties and fines for Upbit employees.

Industry insiders expect that after this sanctions review, the updated registration process for virtual asset service providers will be gradually advanced. Upbit's registration update, which was originally scheduled to be completed in October last year, was delayed due to this incident and is still awaiting the results.

[Malaysian Prime Minister Announces Exploration of Cryptocurrency and

Blockchain Policy](https://www.chaincatcher.com/article/2162588)

According to the New Straits Times, Malaysian Prime Minister Anwar Ibrahim said that the government is studying the formulation of digital financial policies with a view to recognizing cryptocurrency and blockchain technology. He held discussions with the Abu Dhabi government and Binance founder Changpeng Zhao during Abu Dhabi Sustainability Week to discuss how to promote development in the field.

Anwar stressed that cryptocurrency and blockchain technology, similar to artificial intelligence, are rapidly changing the financial world and Malaysia cannot lag behind. He recommended that the National Finance Ministry, the Securities Commission and Bank Negara Malaysia conduct a comprehensive study, and said the government would draw on international experience, including Binance and the United Arab Emirates.

He revealed that he will submit relevant policy drafts to the cabinet and prioritize policy innovation in this area to get rid of the constraints of the traditional financial system and move towards a new model of digital finance.

[Deribit CEO confirmed receipt of strategic investment interest and

emphasized that it was not put up for sale](https://www.chaincatcher.com/article/2162585)

According to CoinDesk, crypto derivatives trading platform Deribit CEO Luuk Strijers confirmed that the company has hired FT Partners as a consultant to evaluate strategic investment opportunities and potential secondary market equity transactions. He emphasized that Deribit was not put up for sale but did receive strategic investment interest from multiple parties.

It was previously reported that the crypto exchange Kraken had considered acquiring Deribit, but did not make a formal offer. According to reports, Deribit could be valued at US$4 billion to US$5 billion or more.

Currently, the bull market in the crypto market is driving M&A activity in the industry to heat up, including Moonpay and Chainalysis, which have announced two major acquisitions this week.

[On-chain user experience platform Reown completed US$13 million in

Series B financing, led by USV and 1kx](https://www.chaincatcher.com/article/2162576)

Reown, the on-chain user experience platform and WalletConnect network builder, announced the completion of a $13 million Series B financing, led by Union Square Ventures (USV) and 1kx, Global Digital Asset Holdings (a joint venture investment company established by SC Ventures and SBI Holdings), Shopify Ventures, Kraken Ventures, Crypto.com Capital, Figment, Kiln, Everstake, BitGo Ventures and Fenbushi participated.

The company's total financing amount so far has reached $38 million, and the new funds are intended to be used to build its SDK - Reown AppKit and Reown WalletKit to further develop the on-chain user experience platform and solve problems such as being able to use encrypted subscription payments without using an escrow account. , whose crypto solution customers include financial infrastructure platform Stripe and gift card giant Raise.

[Market news: TikTok is ready to shut down service to US users on Sunday

unless the Supreme Court steps in to block the ban](https://www.chaincatcher.com/article/2162558)

TikTok is ready to shut down its service to U.S. users on Sunday as a U.S. ban takes effect unless the U.S. Supreme Court steps in to block it, The Information reported, citing two sources.

Under the plan, users who try to open the TikTok app will see a pop-up message directing them to a website containing ban information. TikTok plans to give users the option to download all their data so they can take a record of their personal information with them, the person said.

[Market News: Thailand may allow Bitcoin ETFs to be listed on local

exchanges for the first time](https://www.chaincatcher.com/article/2162551)

According to Bloomberg, Thailand’s Securities and Exchange Commission (SEC) is considering allowing Bitcoin exchange-traded funds (ETFs) to be listed on local exchanges for the first time in a bid to promote the country as a digital asset hub. SEC Secretary-General Pornanong Budsaratragoon said that the proposed new regulations will allow individuals and institutions to invest in local Bitcoin ETFs. Previously, Thailand's One Asset Management launched a fund portfolio in June 2024 to provide investors with indirect exposure to overseas Bitcoin ETFs, but it has not yet allowed direct investment in Bitcoin products.

The potential policy shift comes as competition intensifies among digital asset hubs in the Asia-Pacific region. Singapore and Hong Kong have implemented supportive policies, while U.S. President-elect Trump has pledged to make the United States a global cryptocurrency hub. Pornanong said: "Whether we like it or not, we must follow the pace of global cryptocurrency adoption. We need to adapt to changes and provide investors with more protected crypto asset investment options." In addition, Thailand is gradually relaxing restrictions on digital assets. Restrictions include considering the launch of a stablecoin backed by government bonds and plans to set up a tourism services sandbox in Phuket for Bitcoin transactions.

According to the latest data, there were approximately 270,000 active cryptocurrency trading accounts in Thailand as of November 30.

[Coinbase Public Listing Standard Guidelines: 90% of assets fail to meet

DASG review requirements](https://www.chaincatcher.com/article/2162548)

According to the "Asset Listing Priorities and Standards" released by Coinbase, all assets must pass the legal, compliance and technical security review of the Digital Asset Support Group (DASG) and pass strict business analysis before being listed on the exchange. Key assessments include market demand, project team performance, token distribution methods and liquidity, etc.

Additional information:

• Assets that do not meet the standards may be suspended from trading.
• 90% of assets do not meet listing requirements.
• Support of new network and token standards requires significant engineering effort.

[Trump’s son Eric Trump disclosed his holdings of BTC, ETH, SOL and

SUI](https://www.chaincatcher.com/article/2162542)

According to Benzinga, Eric Trump, the son of US President-elect Trump, disclosed that he holds BTC, ETH, SOL and SUI.

[WLFI: Asset mobilization is not a token sale but aims to optimize

financial management](https://www.chaincatcher.com/article/2162531)

According to a tweet from World Liberty Financial (WLFI), the company has recently made routine adjustments to crypto assets for financial management, payment of fees and working capital needs. WLFI made it clear that this adjustment is not a sale of tokens, but a routine operation to reallocate assets to maintain the security and efficiency of the treasury, and it is a normal business management process.

[Ethereum Foundation researcher Alex Stokes announced that he will serve

as co-head of Ethereum research with barnabe.eth](https://www.chaincatcher.com/article/2162522)

Alex Stokes, a researcher at the Ethereum Foundation, announced that he will serve as the co-head of Ethereum research with barnabe.eth. He also introduced the launch of the research department of the Ethereum Gold Foundation. Ethereum Foundation Research will consist of five teams, namely:

1. Applied Research Group (ARG): Helps transform theory into practice;

2. Consensus R&D: Many interests focus on improving the consensus layer;

3. Cryptography: Use interesting mathematics to reduce trust in every part of the stack;

4. Protocol security: Use various tools and bug bounty programs to ensure the security of the software and specifications behind the network;

5. RIG: The economic/game theory perspective strengthens Ethereum’s special mechanism.

[Gary Gensler: U.S. presidential election results have nothing to do

with crypto industry money](https://www.chaincatcher.com/article/2162520)

According to Cointelegraph, U.S. SEC Chairman Gary Gensler said in an interview with CNBC’s Squawk Box program that he believes that funds from cryptocurrency voters and digital asset interest groups are unlikely to influence the U.S. election and make President-elect Trump win.

Gensler, who will leave office on Trump's inauguration day, addressed previous talking points on investor protection during his time leading the SEC in the interview.

Gensler said: "I think that although, as you pointed out, the money raised in this election was from the cryptocurrency space, I don't think it has anything to do with the outcome of this election. The cryptocurrency space is a highly speculative space that has not been consistent. All kinds of laws, whether it’s money laundering laws, sanctions laws, or securities laws.”

[The U.S. SEC filed a lawsuit against Musk in federal court, accusing

him of securities violations.](https://www.chaincatcher.com/article/2162496)

According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk in federal court in Washington, accusing him of securities violations. At this time, specific details of the lawsuit have not been released. According to reports, related lawsuits have appeared in court documents.

Court documents show that the SEC is suing Musk over his purchase of Twitter stock.

“What are some great articles worth reading in the past 24 hours?”

[Franklin Templeton AI Agent Report, 10 projects worthy of

focus](https://www.chaincatcher.com/article/2162608)

In recent months, AI Agent has attracted much attention in the cryptocurrency field, spurring an upsurge of innovation and experimentation in its multiple ways of interacting in the crypto world. Originally designed and created by developers, AI Agents are complex software entities designed to autonomously complete a variety of tasks using artificial intelligence. These intelligent agents have varying degrees of autonomy and are able to make intelligent decisions based on their programmed logic and data obtained through advanced algorithms.

AI Agent embodies a new fusion of artificial intelligence and encryption technology. Its autonomous AI entity can manage tokens, participate in social media interactions, and even influence market trends. This innovative field was pioneered by Andy Ayrey, who developed an AI chatbot called Truth Terminal. The chatbot was trained on internet culture and the concept of “infinite chambers,” a virtual space where AI models are able to carry out conversations autonomously without direct human intervention. As an AI chatbot, Truth Terminal is designed to use artificial intelligence technology to simulate human conversations, with the ability to understand input, respond, perform tasks, and participate in interactions autonomously.

Truth Terminal's capabilities first became apparent when it began posting content through its X account (@truth terminal), which quickly attracted widespread attention. This generous move puts Truth Terminal in the spotlight in the summer of 2024, especially after its associated crypto wallet received a $50,000 Bitcoin donation from a16z Ventures partner Marc Andreessen.

[Countdown to leaving office! SEC Chairman Gary Gensler accepted a

public interview and responded to 11 key questions about cryptocurrency and capital markets](https://www.chaincatcher.com/article/2162584)

There are only six days left until US President-elect Donald Trump takes office. On January 14, Securities and Exchange Commission (SEC) Chairman Gary Gensler was interviewed by two media outlets, CNBC and Yahoo Finance. His leadership style and policy legacy became a hot topic. Previously, Gensler announced that he would resign as SEC chairman on January 20.

Based on these two interviews, PANews compiled 11 important questions about cryptocurrencies and capital markets and how Gensler responded to them.

1. On January 14, the U.S. Securities and Exchange Commission (SEC) took action against Robinhood and some private equity firms. With less than a week left in your term, can we expect more SEC action?

We are entrusted by the public to ensure capital markets work for them, protect investors and ensure people comply with the law. We have an important responsibility and we will meet it, regardless of who is in leadership. There will be a different leadership transition this week and next, but we will continue to ensure that capital markets work for investors and market participants comply with the law.

This is our job. Essentially, how can you build trust in capital markets if you don’t follow the facts and the law? In fact, honest actors in the market will benefit because more investors are willing to enter the market and participate.

[“You can go short if you don’t like it”, CEX turns out to be an exit

from liquidity](https://www.chaincatcher.com/article/2162462)

In 2024, the performance of centralized exchanges was unsatisfactory and was ridiculed as the exit liquidity on the chain. According to a research report released by Animoca Digital Research, the average return rate of major exchanges in the first three quarters was negative.

Entering 2025, the listing of coins on centralized exchanges will still be the tombstone of new coins. Can short selling really achieve permanent profits? This article will give you an overview of the currency listing status of major exchanges in January.

Meme Hot List

According to the Meme token tracking and analysis platform GMGN market data, as of 19:45 on January 15:

The top five popular Ethereum tokens in the past 24 hours are: ERS , FATAL , SPX , POPPY , POTUS

The top five popular Solana tokens in the past 24h are: SHIKOKU, SCAT , REDNOTE , FCP, GOC

The top five popular tokens in the past 24h Base are: VIRTUAL, TOSHI , AIXBT , PEPC, DEFAL