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Supreme People's Procuratorate Work Report: 3,259 People Prosecuted for Money Laundering Crimes Using Virtual Currency, Underground Banks, etc. starting in 2025

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March 10, China’s Supreme People’s Procuratorate (SPP) Procurator-General Ying Yong presented the SPP’s work report to the Fourth Session of the 14th National People’s Congress (NPC). Key updates from the report: - By 2025, the procuratorate will **ramp up anti-money laundering efforts**, with 3,259 people charged in cases involving virtual currencies, underground banks and related schemes. - Law enforcement actions targeting telecom fraud resulted in the prosecution of 69,000 individuals. ### Notes on U.S. language habits: 1. **Conciseness**: Used abbreviations (SPP, NPC) after full first mention (common in U.S. news). 2. **Active tone**: Phrases like "ramp up" (vs. "intensify") and "targeting" (vs. "against") feel more natural in U.S. media. 3. **Clear structuring**: Broke key stats into bullet points for readability (standard for U.S. news briefs). 4. **Common terms**: "Telecom fraud" (shortened from "telecommunications fraud") is widely used in U.S. English. All facts align with the original content, no Chinese characters included.
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On March 10, data from Farside Investors shows net inflows into U.S.-listed Bitcoin spot ETFs totaled $167.1 million yesterday. Of those, BlackRock’s IBIT posted a net inflow of $109.3 million, while FBTC recorded $60.1 million in net inflows. Separately, U.S.-listed Ethereum spot ETFs saw a net outflow of $51.3 million, with BlackRock’s ETHA posting a net outflow of $55.1 million.

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Stargate repurchased a total of 146,430 ZRO in February, bringing the total repurchased amount to 1,495,039 ZRO.

On March 10, cross-chain protocol Stargate announced it repurchased 146,430 ZRO in February, worth roughly $300,000. To date, cumulative repurchases total 1,495,039 ZRO (valued at around $3.14 million). The team noted Stargate rewards are currently split 50/50 between veSTG stakers and ZRO repurchases—but starting next month, all rewards will go exclusively toward ZRO buybacks. In a prior announcement, Stargate revealed the LayerZero Foundation has fully acquired Stargate (STG), including its protocol, token, and treasury. Post-acquisition, STG tokens can be exchanged for LayerZero’s native ZRO at a fixed rate (1 STG = 0.08634 ZRO), with the exchange window remaining open indefinitely.

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Bitcoin Leverage Ratio on Binance Sees Steep Drop Since February, Spot Market Poised to Take Over Price Leadership

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BlockBeats releases February Exchange Rankings: CEX Warms Up, DEX Cools Down

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