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.

Per Bitget market data as of March 6, the South Korean KOSPI index posted a 10.56% weekly drop—its largest since March 2020.

On March 6, The Block reported that Vancouver, Canada, city officials have recommended the city council withdraw a proposal to designate the city a “Bitcoin-friendly” city following a legal review. In a recent report submitted to the Vancouver City Council, staff recommended repealing the motion—titled “Preserving the City’s Purchasing Power by Diversifying Financial Reserves: Becoming a Bitcoin-Friendly City”—which was first proposed in November 2024. The report stated: “Staff has unequivocally determined that under the Vancouver Charter (the law governing municipal operations in the city), Bitcoin does not qualify as a permitted investment asset for the municipality. Therefore, we recommend ceasing further work on the proposal.” Additional rationales cited for the withdrawal include reallocating staff resources to higher priorities and aligning the proposal with other municipal plans.

March 6 — Cloud-native payment processing firm Silverflow has closed a $40 million Series B funding round, led by Picus Capital, with participation from Rabo Investments and existing backers Inkef, Global PayTech Ventures, Crane Venture Partners, and Coatue. Headquartered in Amsterdam, Silverflow offers a cloud-native card payment processing platform built to modernize payment infrastructure. The platform connects directly to card networks via a single API, letting payment service providers (PSPs), acquirers, payment facilitators, and merchants process transactions while accessing rich payment data and real-time insights. By replacing legacy payment processing tech with a flexible, scalable architecture, Silverflow aims to cut system complexity and drive innovation across the entire payment ecosystem.

March 6: US February unemployment rate and nonfarm payrolls data are due out tonight at 21:30 UTC+8. Expectations call for the February jobless rate to hit 4.3%, with seasonally adjusted nonfarm payrolls adding 59k positions.

March 6th A report from 10x Research notes that institutional fund flows and corporate balance sheet adjustments are quietly reshaping the crypto-related stock market. Some crypto-focused stocks have benefited, posting gains, while others are gradually being marginalized. Meanwhile, the mining sector is undergoing internal structural shifts—a trend that could redefine investors’ outlook on the next phase of the crypto cycle. For individual stocks: - Bitdeer Technologies (BTDR) has shown mixed recent trends: Its share price has risen above the 7-day moving average (signaling a short-term bullish signal) but remains below the 30-day average, keeping the overall tone cautious. The stock is down roughly 6.9% over the past week. - Markets are digesting Bitdeer’s latest capital structure moves: a $375 million expanded convertible bond offering and a $43.7 million stock placement. While the financing creates clear equity dilution pressure, management says proceeds will fund accelera