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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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CZ: Faced Strong Opposition Lobbying from US Competitors During Pardon Process

On May 10th, Changpeng Zhao (CZ) said during the latest episode of the Crypto Banter podcast: “Other U.S.-based crypto centralized exchanges (CEXes) don’t want to see me get a pardon. During the pardon application process, we actually faced strong opposition from what we consider our competitors in the U.S.”

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RWA Protocol LienFi Completes Tokenization of U.S. Real Estate Tax Lien on the Base Network

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Trump Media & Technology Group Q1 Financial Report: Approximately $400 Million Unrealized Loss on Cryptocurrency Investments

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A whale bought $17 million worth of ETH and deposited it into the Lido staking pool

On May 10th, per Onchain Lens monitoring, a crypto whale purchased $17 million worth of ETH at an average price of $2,334, then staked the entire amount with Lido. The whale’s address still holds $10.15 million in USDC, suggesting it may acquire additional ETH.

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The WorldCoin team sent 30 million WLD to BitGo, worth $8.17 million

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CFTC and SEC Enhance Collaboration on Prediction Market Regulatory Boundaries

On May 10, FOX reporter Charles Gasparino reported that the U.S. Commodity Futures Trading Commission (CFTC) and U.S. Securities and Exchange Commission (SEC) are currently coordinating on regulatory boundaries for prediction markets and recent suspicious trading tied to the Iran conflict. Gasparino noted that while the industry had believed this space fell solely under CFTC jurisdiction, the SEC would take a major role if prediction contracts are legally classified as "securities." He also disclosed that regulators may pursue additional enforcement actions against prediction markets going forward, in addition to previously publicized cases.

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