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02:41
Justin Sun: As a BNC shareholder, supporting YZi Labs' proposal and action to build a better BNB ecosystem
BlockBeats News, January 14th, Justin Sun stated that as a shareholder of CEA Industries (BNC), he firmly supports YZi Labs' proposal and actions to build a better BNB ecosystem. Earlier on January 7th, YZi Labs stated that the CEA Industries (BNC) board adopted a poison pill plan to prevent shareholders from exercising written consent rights, urging the board to avoid further manipulative actions. YZi Labs pointed out that the BNC board had postponed the 2025 annual meeting scheduled for December 17th, calling on the board to avoid further manipulative actions and ensure a fair director nomination and election process. In addition, YZi Labs refuted BNC's claim that they had never considered an alternative token strategy, stating that BNC CEO David Namdar had explicitly mentioned considering a switch to assets like Solana during the November 2025 meeting.
02:38
A U.S. Senator has introduced over 130 amendments to the "CLARITY Act" bill
BlockBeats News, January 14th, according to CoinDesk, based on terms obtained by the outlet, U.S. senators have submitted over 130 amendments to the "CLARITY Act" ahead of this week's milestone crypto market structure legislative hearing. These terms range from outright banning stablecoin yields to prohibiting "public officials from benefiting from crypto interests," to modifying the definition of digital asset mixers, proposed by both Republican and Democratic senators. The Senate Banking Committee is set to hold a markup hearing on Thursday, where lawmakers will debate the amendments, vote on whether to adopt relevant terms, and ultimately decide whether to advance the base bill. A similar hearing scheduled by the Senate Agriculture Committee has been postponed to late January. The base text of the Banking Committee's bill was released nearing midnight on Monday, following which legislators and lobbyists have been scrutinizing the details. Some amendments seem to have bipartisan support: Tillis and Alsobrooks jointly submitted three amendments, two of which appear to target the stablecoin reward provisions in the bill. One amendment aims to strike the word "solely" from the base text, with the current term stating "a digital asset servicer shall not solely receive interest or return of any kind solely for holding a payment stablecoin (whether in cash, token, or other consideration)." Another amendment seeks to modify the yield reporting requirements and add risk guidance provisions.
02:37
Pump.fun lawsuit founder's private messages revealed, admits "most users lost money"
According to ChainCatcher, the law firm Burwick Law, representing retail investors, has filed an amended lawsuit against Pump.fun, Solana Labs, and related executives. Previously, the judge allowed the plaintiffs to submit a second amended complaint, adding 5,000 private messages as new evidence, accusing them of orchestrating a “pump and dump” scheme. The lawsuit reveals that Pump.fun co-founder Alon Cohen admitted in private messages that most investors on the platform suffered losses, and candidly stated, “We make it easy for ordinary people to trade small tokens with a market cap under $50,000, but this also exposes everyone to extremely low odds of winning, just like gambling.” The lawsuit also claims that some crypto KOLs were paid to promote meme coins without disclosing their interests and were informed in advance about the tokens to purchase. However, the article points out that much of the evidence in the lawsuit is hearsay, lacking direct proof of Pump.fun executives profiting, and expresses reservations about the accusation of a “criminal organization.”
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