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.

The Binance hacker has deposited $250,000 into @Gate over the past 12 hours.

On Monday, boosted by strong export data and the market's "buy-the-dip" sentiment, South Korea's stock market recouped its morning losses to turn higher. The KOSPI index rose more than 1% intraday, after earlier falling nearly 2% in morning trade amid concerns over massive spending by AI firms, following a downturn on Wall Street. Kiwoom Securities analyst Han Ji-young said: "The stock market has once again entered oversold territory, with fundamentals remaining solid and corporate earnings expectations also improving. October's export data exceeded expectations, raising the likelihood that the market will further revise up consensus earnings forecasts." Driven by strong global demand for AI investment, which lifted South Korea's chip shipments, the country's October exports nearly doubled, marking the largest increase in over 50 years. A survey showed that South Korea's manufacturing activity growth slowed to its weakest level in eight months in October, weighed down by weaker output and demand. South Korean President Lee Jae-myung pledged to make bold investments in artificial intelligence to boost the country's economic growth potential.

Binance co-founder He Yi responded to rumors in the community, stating: "I do know Dovey Wan, co-founder of Primitive Ventures, but there is no such thing as a 'bestie accompanying childbirth' or similar claims. Even my own mother cannot push a project to list on Binance solely through personal connections. If a project manages to list only via personal ties, it indicates Binance's insufficient review capability. There are very few quality projects in the crypto space in recent years; BNB is one of them, which lives up to those who trust Binance, but crypto investment and trading never guarantee profits. The 2017 bull market where everything rallied was an era dividend, and few participants back then remain active now. The 2019 IEO was an exception, as decentralized exchanges (DEXs) were still nascent, giving Binance pricing power. After DEXs matured, Western VCs drove up the prices of VC-backed tokens, and everyone was happy. Binance has never actively resorted to unscrupulous means to compete for market share over the past years. Even when adopting defensive strategies amid competition, we have always been straightforward. If you think we have done something wrong, feel free to criticize us directly. Additionally, regarding IEOs: at that time, market liquidity was concentrated on Binance, so the platform had strong market dominance, leading to generally low issuance prices for new projects, giving participants the opportunity to earn returns."

According to people familiar with the matter, as the artificial intelligence (AI) boom continues to drive debt financing demand among infrastructure companies, Singapore-based data center operator STT GDC is in talks with banks for a SGD 3.1 billion (approx. USD 2.4 billion) syndicated loan. The loan has a three-year term, with an interest rate 165 basis points above the benchmark Singapore Overnight Rate Average (SORA), and comes with an extension option of up to two years. The proceeds will be used to finance STT GDC’s assets. This deal adds to the wave of debt financing spurred by the AI boom. Such large-scale borrowing has pushed up bond yields and raised investor concerns, prompting the market to intensify scrutiny of overvaluation among AI-related firms. Data shows that global AI-related debt financing has exceeded USD 650 billion since the start of 2025. Moody’s Ratings projects that data center-related investment will reach at least USD 3 trillion over the next five years.

?? Security Alert! Unauthorized attackers are reportedly draining hot wallets on @BtcpayServer instances. Users running BTCPay Server instances are advised to shut them down immediately.

According to on-chain analyst Ai Yi (handle @ai_9684xtpa), a whale or institutional entity purchased 18,643.42 ETH on-chain over the past two hours at an average price of $2,274. The buyer is still conducting incremental batch purchases, with its USDC funds sourced from Kraken and Crypto.com. The identity of the entity remains unclear.