February 25 News, the Delhi High Court recently dismissed a lawsuit filed by a group of cryptocurrency investors against a certain crypto platform. Judge Prushaindra Kumar Kaurav pointed out that the platform is a private company and does not meet the definition of a "state" entity under Article 12 of the Constitution, therefore it cannot be subject to judicial intervention under Article 226. The petition lacks a legally admissible basis. The lawsuit was initiated by investors such as Rana Handa and Aditya Malhotra, requesting the court to strengthen regulation of the crypto platform, and to direct the CBI or a special investigation team to intervene, as well as to unfreeze the user funds that are reportedly restricted. However, the court explicitly stated that ordering a criminal investigation is an extremely exceptional circumstance, and some complaints have not even completed the FIR process, which is insufficient to trigger a mandatory investigation mechanism.

According to BlockBeats news on November 30, data from GMGN shows that some Meme and altcoin tokens have risen significantly, including: Vulgar Penguin with a current market capitalization of 9.3 million USD and a 24-hour rise of 50.64%; ALCH with a current market capitalization of 140 million USD and a 24-hour rise of 48.5%; PIPPIN with a current market capitalization of 110 million USD and a 24-hour rise of 40.5%; PINGPONG with a current market capitalization of 7.4 million USD and a 24-hour rise of 30.98%; LSK with a current market capitalization of 62 million USD and a 24-hour rise of 30.5%; DGRAM with a current market capitalization of 15.6 million USD and a 24-hour rise of 30.26%; FIR with a current market capitalization of 4.4 million USD and a 24-hour rise of 26.7%.