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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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Yilihua: Bitcoin needs to strongly break through $82,600 to usher in its second main uptrend wave, and it remains in a bull market trend for now.

Yilihua, founder of Liquid Capital, said in a post that Bitcoin (BTC) has now broken through $80,300 and stabilized above its 20-day moving average. To trigger a second major uptrend wave, BTC must next break through $82,600 decisively, after which it will target the strong resistance level of $86,000. If BTC clears $86,000, its subsequent target levels are $97,000 and $104,000. The recent pullback of BTC near $86,000 is a normal correction within the bull market trend, so even if he anticipates a pullback, he will not go short, as the market could rebound rapidly at any time. He added that he began buying the dip when BTC was near $77,000, but missed part of the rebound due to external factors disrupting trade execution.

6 minutes ago

Nebius, Boeing and other firms join opposition to OKXICE tokenization, bringing the total number of opposing companies to 62.

Crypto journalist Eleanor Terrett reported that three more issuers have joined the group opposing the tokenized trading of their stocks on OKXICE, including Nebius, Boeing, and ServiceNow. The number of companies submitting objections has risen from 59 as of November 3 to 62. Boeing and ServiceNow were on OKXICE’s initial list, while Nebius was not. So far, 54 of the initially proposed 62 companies have raised objections. OKXICE announced its relevant plan on October 5, which intends to carry out tokenized U.S. stock trading under the U.S. Securities and Exchange Commission (SEC)’s five-year "innovation exemption" framework, match trades via automated market makers and liquidity pools, and allow stock issuers to file objections. The platform’s initial proposed trading list covers 62 companies and 63 stock tickers, with Alphabet including two classes of shares.

6 minutes ago

Visa Establishes Six Global Capability Centers in Singapore, Focused on AI and Stablecoins

Visa announced on November 5 that it will set up six global capability centers at its new solutions hub in Singapore’s Paya Lebar Green, bringing together over 1,500 professionals. The centers will focus on areas including applied AI, agent-based business, digital currencies, stablecoins, programmable payments, digital wallets, cybersecurity, and quantum computing. Visa noted that it will expand research, engineering and innovation-related roles in the future. Institutions including DBS, Nium and StraitsX will participate in the collaboration. The Singapore Economic Development Board said Visa’s investment will create high-value local jobs. Additionally, Visa previously launched USDC settlement services in the U.S., and believes stablecoins have the potential to accelerate cross-border payments and advance the development of programmable currencies.

6 minutes ago

During Bitcoin's rally, multiple crypto whales opened short positions, with CBB and another trader increasing their short positions by $33 million.

According to TradingBeats monitoring, Apple (AAPL) saw a sharp rally on Hyperliquid, rebounding to around $350 and erasing all recent losses. During this move, multiple large whale addresses opened significant short positions. One address starting with 0x1367 added a net AAPL short position worth roughly $33.22 million overnight. As of press time, its short position has expanded to approximately 150,000 contracts, valued at around $52.46 million, with an average entry price of $342.83, resulting in an unrealized loss of about $1.026 million. Meanwhile, trader "CBB" net bought roughly $9.753 million worth of AAPL between last night and this morning, currently holding around 28,400 long positions valued at approximately $9.93 million, with an average entry price of $348.17, and an unrealized profit of around $43,000.

6 minutes ago

MetaDAO launches a financing program for consumer app founders.

Solana-based funding and governance platform MetaDAO announced in a statement that it has launched the MetaDAO Apps funding program, which offers financing to consumer application founders. Unlike traditional financing rounds, the program has a smaller funding scale and a lower proportion of tokens allocated to supporters. Founders can sell earned tokens earlier upon meeting performance milestones and complying with sales restrictions.

6 minutes ago

Trump Media & Technology Group plunged more than 24%, hitting a new low since its listing.

U.S. Democrats take full control of Congress, opening a new chapter in Washington’s political landscape, while stocks linked to former President Trump and top Republican donor Elon Musk plunge. Data from the BIT Stock Platform shows Trump Media & Technology Group (DJT) closed 24.54% lower on Wednesday, hitting a post-IPO low; its U.S. after-hours trading is currently up 1.56% at $4.56. Tesla was the worst-performing stock among the Magnificent Seven, closing down 3.34%, while SpaceX fell 3.81%.

6 minutes ago

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