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  • 06:31
    TUSD issuer achieves major legal progress in rights protection, Justin Sun: Thanks to the Dubai Digital Economy Court ruling
    ChainCatcher News, TRON founder Justin Sun responded on the X platform to the ruling of the Dubai Digital Economy Court, expressing gratitude for the court's first-ever global freeze order to protect the rights of TUSD holders. He wrote in his tweet: "Justice may be delayed, but it will never be absent." This freeze order involves $456 million in funds related to Justin Sun's rescue of TrueUSD issuer Techteryx. The Dubai Digital Economy Court pointed out in its ruling that Techteryx has "serious issues that need to be tried," and determined that the funds in question should be held in trust to prevent improper transfer or concealment of assets. The funds had previously been the subject of controversy due to a reserve gap in TrueUSD, involving Dubai trade finance company Aria Commodities DMCC. The incident dates back to 2021 to 2022, when part of the TrueUSD reserve funds were transferred to Aria through a management account held by Hong Kong trustee First Digital Trust (FDT). Techteryx alleged that these transfers violated custody terms, converting what was originally cash reserves into long-term loans and private transactions. In April 2025, Justin Sun held a press conference in Hong Kong, accusing financial institutions including First Digital Trust Limited (FDT), Legacy Trust Company Limited (Legacy Trust), and a private company in Dubai of illegally misappropriating $456 million in fiat reserves of TUSD.
  • 06:24
    Data: Crypto market sees mixed performance, with both RWA and NFT sectors rising over 2%, while BTC falls below $103,000
    ChainCatcher news, according to SoSoValue data, the cryptocurrency market sectors showed mixed performance. Among them, the RWA sector rose by 2.05% in the past 24 hours, with Sky (SKY) up 9.01% and Keeta (KTA) up 5.32% within the sector; the NFT sector increased by 2.01%, with Zora (ZORA) rising by 19.46%. In addition, Bitcoin (BTC) fell by 0.8%, dropping below $103,000; Ethereum (ETH) rose by 0.56%, fluctuating narrowly around $3,400. Other notable performing sectors include: the PayFi sector, which rose by 1.51% in the past 24 hours, with Telcoin (TEL) surging 61.69% and Monero (XMR) up 4.55% within the sector; the CeFi sector increased by 0.03%, with WhiteBIT Token (WBT) up 3.15%. In other sectors, the Meme sector fell by 0.06%, with Giggle Fund (GIGGLE) bucking the trend and rising by 8.03%; the Layer2 sector dropped by 0.21%, but Mantle (MNT) rose by 2.16%; the Layer1 sector declined by 0.43%, with Zcash (ZEC) spiking 8.75% intraday; the DeFi sector fell by 0.9%. The crypto sector indices reflecting historical sector performance show that ssiRWA, ssiPayFi, and ssDeFi rose by 2.36%, 1.48%, and 0.27% respectively.
  • 06:24
    On-chain financial privacy protection startup Zaiffer completes €2 million financing
    Jinse Finance reported that on-chain financial privacy protection startup Zaiffer has announced the completion of a 2 million euro financing round, with participation from Web3 startup incubator Pyratz Labs and open-source crypto company Zama. The company focuses on utilizing Fully Homomorphic Encryption (FHE) technology to protect the privacy of blockchain and DeFi infrastructure. The new funds are intended to support the development of a universal confidentiality layer for the DeFi ecosystem.
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