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Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

2025.03.04 00:16:16

On March 4th, as reported by NetEase's PingWest Team, Wang Shuiming, who is from Anxi, Fujian and was involved in Singapore's largest money laundering case, has been arrested in Montenegro and is set to be extradited back to China. Wang Shuiming's partner, Su Weiyi, has been confirmed to be the mastermind behind the Hong Kong cryptocurrency exchange scam AAX and was apprehended by the Hong Kong police in July 2024. In November 2022, the Atom Asset Exchange suddenly suspended withdrawals and subsequently shut down, with Su Weiyi absconding with 16.74 million Hong Kong dollars (approximately 15.675 million yuan) in funds. In July 2024, Su Weiyi was arrested by the Hong Kong police. It is worth noting that Su Weiyi, along with other partners, owns other companies that have connections to convicted Filipino-Chinese former mayor Alice Guo.
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Mitsubishi UFJ Financial Group plans to launch an instant settlement service for Japanese government bonds using blockchain technology.

Japan’s largest banking group Mitsubishi UFJ Financial Group (MUFG) plans to leverage blockchain technology to offer instant settlement services for certain Japanese Government Bond (JGB) transactions. According to reports, MUFG will carry out blockchain-based JGB repurchase transactions using tokenized money market funds and stablecoins, with the goal of shortening the settlement process for traditional securities trades. (Nikkei)

6 hours ago

Goldman Sachs forecasts core PCE at 0.23%, slightly above core CPI and market consensus.

Following the release of CPI data, market focus has shifted to the July core PCE figures set to be published on August 26. Goldman Sachs projects July core PCE to rise 0.23% month-over-month, a slight uptick from core CPI and market consensus. Specifically, portfolio management fees are forecast to climb 8 basis points, reflecting second-quarter stock market gains. The investment bank notes that upcoming methodological adjustments may trigger volatility in PCE readings and drag down the annual core inflation rate. Goldman Sachs expects August core inflation to hold near 0.2%, and anticipates the Federal Reserve will maintain interest rates stable through the end of the year.

6 hours ago

Bank of America announces $250 billion infrastructure investment plan

Bank of America announced a $250 billion infrastructure investment plan on Wednesday, pledging to invest in key U.S. infrastructure sectors over the next year. The plan covers multiple areas including data centers and computing power, renewable energy generation, energy storage, natural gas, power transmission networks, and critical minerals and mining, aiming to support energy security, job growth, and economic competitiveness.

6 hours ago

The USDC Treasury has minted 250 million new USDC on Solana.

According to on-chain data, the USDC Treasury minted 250 million new USDC tokens on Solana 10 minutes ago.

6 hours ago

Morgan Stanley maintains its overweight rating on SpaceX, with a target price of $600 under a bull market scenario.

Morgan Stanley reaffirmed its overweight rating on SPCX, setting a target price of $300, and a $600 target in a bull case scenario. Analyst Adam Jonas believes the market is underestimating SpaceX’s broader AI platform, including its computing, connectivity, and real-time data capabilities. The upcoming Grok model could help narrow this valuation gap. Jonas views the approaching lock-up expiration as an opportunity rather than a risk, offering a potential entry point for investors.

6 hours ago

SpaceXAI launches Grok 4.6

According to official announcements, SpaceXAI has officially launched Grok 4.6. The official statement notes that Grok 4.6 prioritizes enhancing the capabilities of long-running agents, as well as boosting performance in more complex interactive and visualization tasks. It can sustain work on multi-step complex tasks, including researching topics, analyzing information, collaborating across codebases, or translating ideas into complete applications or work deliverables. Grok 4.6 has achieved leading performance across multiple agent coding and knowledge work benchmarks, with its Artificial Analysis Intelligence Index score matching that of GPT-5.6 Sol.

6 hours ago

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