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The Central Bank of Cambodia Announces Commencement of Liquidation Procedure for Prince Bank

17 hours ago

**January 9 – The National Bank of Cambodia (NBC) announced Wednesday that Prince Bank, a subsidiary of Prince Group, has entered liquidation and is barred from all banking operations, including accepting deposits and issuing loans.** The central bank said the decision complies with Cambodian law, and it has appointed auditing firm Morison Kak MKA as the legal liquidator to oversee the bank’s operations and asset disposal. Prince Bank must immediately halt all new banking activities, per the announcement: opening new accounts, taking new deposits, and approving or disbursing any business or personal loans. Cambodia’s Ministry of Interior confirmed Chen Zhi, along with associates Xu Jiliang and Shao Jihui, was arrested on January 6 and extradited to China. The trio is suspected of involvement in large-scale transnational online fraud, with related charges filed by a U.S. court. Chen’s previously granted Cambodian citizenship was formally revoked by royal decree in December 2025.
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BNB Chain $100M Incentive Program to Acquire $50K Worth of "I F***ing Came" and "Binance Life"

Official sources reported on January 10 that BNB Chain has launched a $100 million new incentive program to purchase meme coins “I Stepped in Poop” and “Binance Life,” acquiring $50,000 worth of each token. Note: While the initial tweet announcement referenced “Stepped in Poop” and “Life,” further verification confirms the actual tokens purchased are “I Stepped in Poop” and “Binance Life.”

1 hours ago

S&P 500 Index Hits Intraday All-Time High

On January 10, per Bitget market data, the S&P 500 Index hit an intraday all-time high, climbing 0.6%.

1 hours ago

LA Team Associated Address Transfers $1.6M Worth of Tokens to Binance

January 10th: A wallet that received LA tokens from the team wallet five months ago has transferred $1.6 million worth of LA to Binance, per monitoring from OnChainSchool.pro. The wallet still holds $13.8 million in LA tokens.

1 hours ago

Including Former House Speaker, 30 Democratic Lawmakers Support Insider Trading Ban for Prediction Markets

On January 10, The Block reported that 30+ Democrats—including former House Speaker Nancy Pelosi—are actively supporting legislation to bar elected officials from placing politically related bets on prediction markets, following a gambling incident tied to former Venezuelan President Nicolás Maduro’s arrest. Titled the “2026 Financial Prediction Market Public Integrity Act,” the bill was formally introduced Friday by New York State Assemblyman Ritchie Torres. Earlier, a Polymarket account wagered on Maduro being “ousted” by the end of this month, netting $400,000 in profits—sparking insider trading concerns. The legislation’s rollout aligns with growing worries over such activity.

1 hours ago

Citi Adjusts Fed Rate Cut Path, Expects Cuts in March, July, and September

Jan. 10: Citigroup forecasts 25-basis-point interest rate cuts from the Federal Reserve in March, July, and September this year, per market sources—revising its prior projection which called for cuts in January, March, and September.

1 hours ago

The U.S. Supreme Court is expected to issue a ruling on the tariff case on January 14.

Jan. 10 — Market sources report the U.S. Supreme Court is expected to rule on the Trump tariff case Wednesday, Jan. 14.

1 hours ago

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