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.

**March 12: U.S. Labor Department to Release Initial Jobless Claims Data** The report, covering the week ended March 7, will be published at 7:30 AM U.S. Eastern Time (8:30 PM Beijing Time tonight) and may trigger market volatility. ### Notes on American English Adaptation: 1. **Time Localization**: Swapped Beijing Time for **U.S. Eastern Time** (EST/EDT) — the standard reference for U.S. economic data releases (aligns with Wall Street’s trading hours). 2. **Conciseness**: Used "Labor Department" (common shorthand for "Department of Labor") and dropped redundant articles for brevity (typical of news alerts). 3. **Vocabulary**: "Trigger" (vs. "cause") and "spark" (alternate option) are more active, newsworthy verbs for market impact. 4. **Structure**: Led with the key event first, then context (data period, time, impact) — matches U.S. media’s priority for actionable information. If you prefer to keep Beijing Time as the primary time (per original context but note U.S. time

On March 12th, GMGN monitoring data shows the BSC-based Chinese meme coin "Lobster" posted a short-term 30% surge. Its market cap exceeded $27 million (hitting an all-time high) before currently settling at $25.4 million. The 24-hour gain stands at 200%, with 24-hour trading volume reaching $412 million over the same period. BlockBeats Note: Meme coins are highly volatile, relying heavily on market sentiment and hype—they have no intrinsic value or real-world use case. Investors should be aware of the associated risks.

On March 12, MetaPlanet (MTPLF) announced via official statements the launch of its new U.S. subsidiary—MetaPlanet Asset Management Inc.—which will roll out digital credit products in the U.S. In a related statement, MetaPlanet noted: “We will leverage all capital market tools available in one of the world’s deepest financial markets to acquire additional Bitcoin.”

March 12: A newly created crypto wallet withdrew 200,000 SOL (worth approximately $17.2 million) from Binance in the past hour, per Onchain Lens monitoring.

March 12 — Binance said in an official social media post last week that the U.S. District Courts for the Southern District of New York and Northern District of Alabama have dismissed separate anti-terrorism lawsuits filed by hundreds of plaintiffs against Binance and its founder CZ (Zhao Changpeng). The courts reaffirmed the legal standards required to bring such serious allegations. Binance also retweeted a public statement from the Democratic side of the U.S. House Committee on Foreign Affairs. That statement had previously noted Binance’s 2023 acknowledgment of violating Iran sanctions, its facing of money laundering charges, and former President Trump’s pardon of Zhao Changpeng. In its own statement, Binance emphasized it will continue to comply with sanction enforcement laws and looks forward to working with both political parties.

March 12 — Per monitoring from HyperInsight (Telegram: @HyperInsight), the crypto whale known as "Big Brother Whale" partially closed its ETH long position amid the recent market rebound, cutting its holdings by 118 ETH total. The whale still maintains a 5,850 ETH long position with 25x leverage, currently valued at $11.97 million. Key details: - Unrealized profit: $176,000 - Entry price: $2,016 - Liquidation price: $1,963