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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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BlackRock will maintain its stake in the Ethereum ETF to earn staking rewards of 18%

On February 18, Bloomberg analyst James Seyffart noted that BlackRock has released the latest filing for its Ethereum staking ETF (ticker: ETHB). The filing includes an expense ratio of 0.25%. Additionally, BlackRock will retain 18% of total Ethereum staking rewards as a staking fee.

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Eric Trump: Family Mining Business American Bitcoin Holds Over 6,000 Bitcoin

On February 18, Eric Trump announced on X (formerly Twitter) that American Bitcoin—the Trump family’s cryptocurrency mining firm—has been listed on Nasdaq for under six months, with Bitcoin reserves exceeding 6,000 BTC.

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Pump.fun Fee Reform Mechanism, Allowing Creator Fees to Shift to Trader Rewards

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Financial giant Jane Street increased its IBIT holdings by 7.1 million shares in Q4 last year, with rumors in the community suggesting that it manipulated Bitcoin's price through high-frequency trading.

Per Quiverquant data as of February 17th: - Financial firm Jane Street boosted its IBIT holdings by 7,105,206 shares in Q4 2023, valued at $276 million at the time. As of now, the firm holds 20,315,780 IBIT shares, worth approximately $790 million. - Community rumors had circulated previously that Jane Street was alleged to use high-frequency trading (HFT) to depress Bitcoin prices daily at 10 a.m. Eastern Time. - Also in Q4 2023, BlackRock and Morgan Stanley collectively increased their IBIT holdings by more than 2.37 million shares.

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CFTC Chair: Crypto Market Structure Bill 'About to' Be Signed Into Law

On February 17th, Commodity Futures Trading Commission (CFTC) Chairman Mike Selig told Fox News in an interview that the cryptocurrency market structure bill is “about to” be signed into law. “We aim to ensure the crypto legal framework can adapt to future growth,” he said. “We can’t let another Gary Gensler come in and mess everything up.”

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StarkWare is integrating EY's privacy technology into StarkNet.

On February 17, The Block reported that StarkWare is integrating Nightfall—an open-source zero-knowledge privacy layer built by Big Four accounting firm EY—into its StarkNet to enable confidential on-chain institutional transactions on public blockchain infrastructure. The integration allows institutions to execute private B2B payments, fund operations, and tokenized asset transfers on public blockchains while keeping sensitive transaction details private. StarkWare noted that Nightfall natively supports transaction privacy, plus selective disclosure and compliance mandates like Know Your Customer (KYC)—features tailored to institutional users’ needs.

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