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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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Spot Gold Surges 1.80% Intraday, Spot Silver Skyrockets 4.00% Intraday

On March 4, per Bitget market data, spot gold surged to $5,180 an ounce—up 1.80% intraday—while spot silver soared 4.00% intraday, last trading at $85.30 an ounce.

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March 4 — Binance’s Asia Pacific Head SB Seker told Nikkei Asia in a Tokyo interview that the exchange plans to add five new regulatory licenses in Asia this year, pushing its total number of globally licensed jurisdictions above 20. Currently, Binance has regulatory approvals in six Asia Pacific markets: Australia, India, Indonesia, Japan, New Zealand, and Thailand. Once its acquisition of South Korean crypto exchange Gopax closes, South Korea will soon join its licensed list. Seker didn’t name specific target markets for the new licenses, only noting that some are “in the final stretch.” He joined Binance last year. Previously, he worked at Singapore-based Crypto.com Group, held senior legal roles at Ant Group and Rothschild, and served at the Monetary Authority of Singapore (MAS)—Singapore’s central bank and financial regulator.

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Whale Trader "pension-usdt.eth" Implements Take-Profit on BTC Long Position and Initiates Short Position, Reaching $68.2M in Position Size

**March 4 Crypto Alert** Per data from Coinbob Popular Address Monitor (Telegram: https://t.me/Coinbob_track_CN), the "pension-usdt.eth" address (0x0ddf...) fully closed the 3x leveraged BTC long position it opened yesterday this morning, locking in a profit of roughly $346,000. The address then reversed course to short BTC: it currently holds a 3x leveraged BTC short position of 1,000 coins—valued at approximately $68.2 million—with an average entry price of $68,182. Known for consistent swing trading gains, the address uses a strategy centered on low leverage, short holding periods (average ~20 hours), and large positions primarily in BTC and ETH. Since last October, its cumulative profit has topped $25.4 million.

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Ecuador and the US Military Act Against a Specific Terrorist Organization in Ecuador

On March 3, the U.S. Southern Command reported that Ecuadorian and U.S. military forces carried out an operation targeting a specific terrorist group in Ecuador.

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MARA Vice President: Claims of Company Selling Majority of Bitcoin Reserves are Inaccurate

**March 4 – MARA Vice President of Investor Relations Robert Samuels has clarified that claims the company will sell most of its Bitcoin reserves are untrue.** Samuels noted that in MARA’s 2026 10-K filing with the U.S. Securities and Exchange Commission (SEC), the company only outlined an expanded Bitcoin treasury strategy—allowing for periodic buying and selling of assets on its balance sheet based on market conditions and capital allocation needs. This does not signal a plan to liquidate the majority of its Bitcoin holdings. Earlier reports had suggested MARA would adjust its treasury strategy or divest its Bitcoin holdings.

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An address engaged in small transactions with 40x leverage over the past month, resulting in a $4.99 million loss.

March 4th: On-chain analyst Ai Auntie (@ai_9684xtpa) notes a crypto address favors 40x leverage for trading, having lost $4.99 million over the past month. Of its 50 trades, 20 were profitable—good for a 40% win rate. Since Feb 18, the address has traded BTC using 40x leverage (both long and short). The gap between its entry price and liquidation price is often just a few hundred dollars, sometimes less than $100 at the extreme. Mostly small wins, big losses—yet it keeps placing high-frequency trades with holding periods under 24 hours.

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