Daily | Former deputy director of the Beijing Financial Bureau was sentenced to 11 years in prison for Bitcoin money laundering; DeepSeek became the fastest daily active users APP; Polish central bank refused to accept Bitcoin as a reserve currency due to
Reprinted from chaincatcher
02/08/2025·3days agoCompiled by: Luan Peng, ChainCatcher
Important information:
- US SEC postpones BlackRock Ethereum ETF option trading decision to April 9
- Former deputy director of Beijing Financial Bureau was sentenced to 11 years in prison for Bitcoin money laundering
- Musk is on the cover of Time magazine again
- Su Zhu: Closed BERA and shorted positions, and switched to long ETH
- Trump: DeepSeek is a very positive development, not a bad thing
- Polish central bank refuses to accept Bitcoin as reserve currency due to security issues
- Judge ruled Coinbase must face lawsuits accusing it of illegally selling securities
- Nigeria has launched its first compliant stablecoin cNGN and becomes part of the country's SEC incubation program
"What important events have happened in the past 24 hours"
US SEC postpones BlackRock Ethereum ETF option trading decision to April 9
According to The Block, the U.S. Securities and Exchange Commission (SEC) posted on Friday whether to approve BlackRock's decision to list and trade options on its spot Ethereum ETF. According to the filings, the SEC said it will decide on April 9, 2025 whether to approve or refuse to allow BlackRock's iShares Ethereum Trust to trade options.
"The Commission believes it is necessary to designate a longer time to issue an order to approve or reject the proposed rule changes so that there is sufficient time to consider the proposed rule changes and the issues it arouses," the SEC said.
Also on Friday, the SEC solicited public comment on a proposal to list and trade options on its spot Ethereum ETFs submitted by the Cboe BZX exchange on behalf of Fidelity. These comments must be submitted within 21 days of the publication of the Federal Register.
According to Caixin, Hao Gang, former deputy director of the Beijing Local Financial Supervision and Administration Bureau, was sentenced to 11 years in prison in the first instance.
Hao Gang was involved in Bitcoin money laundering and assisted executives of a leading Bitcoin mining company to lift border controls, and the amount of bribes may reach tens of millions of yuan. Hao Gang was formerly director of the Financial Risk Management Office of the Beijing Financial Bureau. Since August 2019, he has served as a member of the Party Leadership Group and Deputy Director of the Beijing Financial Bureau, in charge of risk lines until he was investigated for suspected serious violations of discipline and law in April 2023.
Musk is on the cover of Time magazine again
According to Time magazine, Elon Musk appeared on the cover of the latest issue, with the caption "Elon Musk's War against Washington". In the cover photo, Musk sat behind a luxurious wood-carved desk symbolizing power, with the background of the American flag and the presidential flag, suggesting its deep connection to American political power.
It is reported that although Musk's "Ministry of Government Efficiency" (DOGE) team has no formal constitution and legal authorization, it has gained important authority due to Musk's influence. Its tasks include reducing budgets, reforming the civil service system, and limiting independent institutions to block the situation. The president's ability to govern goals. As an important ally of the Trump administration, Musk plays a key role in federal government reform.
Su Zhu: Closed BERA and shorted positions, and switched to long ETH
Su Zhu, co-founder of Sanjian Capital, issued a statement saying that the short positions that have closed BERA took profit at US$6.406 and the position has been converted to long ETH.
Trump: DeepSeek is a very positive development, not a bad thing
According to the financial community, US President Trump said in his opinion on DeepSeek and whether it poses a national security threat that this is a technology that is developing and that if it develops correctly, we will benefit from it because of the labor involved now. It is a good thing that smart costs will be much lower than people initially thought. Trump stressed that it is regarded as a very positive development, not a bad thing.
Polish central bank refuses to accept Bitcoin as reserve currency due to security issues
According to CryptoNews, the National Bank of Poland (NBP) firmly denies any possibility of incorporating Bitcoin into its national reserves on the grounds of security and stability.
Adam Glapiński, President of the Polish National Bank and Chairman of the Monetary Policy Committee, made the announcement at a press conference and reiterated that the central bank's priority is to maintain the absolute security of its reserve assets. "We will not consider Bitcoin in any case because reserves must be absolutely safe," Glapiński said.
Poland's reserves are still mainly based on traditional assets such as gold, the US dollar and the euro, with a strategic focus on financial stability.
Judge ruled Coinbase must face lawsuits accusing it of illegally selling securities
On Friday, a U.S. federal judge ruled that crypto exchange Coinbase had to face lawsuits from clients who alleged that the exchange illegally sold securities without registering as a broker-dealer, Reuters reported. U.S. District Judge Paul Engelmayer, based in Manhattan, New York, dismissed Coinbase’s argument that Coinbase does not qualify as a “statutory seller” under the federal securities laws because it never transfers ownership of the 79 tokens traded by its clients. The judge cited the allegation: “The client on Coinbase only trades with Coinbase itself”, which is enough to conclude that Coinbase is the seller.
Engelmayer also refused to dismiss allegations under California, Florida and New Jersey laws, saying customers have sufficiently accused Coinbase of the seller who directly sells the tokens. "Coinbase does not list, provide or sell securities on its exchange. We look forward to defending the remaining charges in the district court," Coinbase said in a statement.
According to Bitcoin.com News, Nigeria has launched its first compliant stablecoin cNGN. The stablecoin has been launched on two exchanges and has entered the Securities and Exchange Commission (SEC) incubation program.
According to Nigerian Senator Ihenyen, this stablecoin pegged to the Nigerian Naira will enable faster, lower cost and safer cross-border payments.
PORK and PNDC founders have been on the list of top 10 wanted criminals in Puerto Rico
According to Protos, PORK and PNDC founder Jeremy Cahen (X account @Pauly0x) was listed on the top ten wanted criminals in the local area by the police in San Juan, Puerto Rico for suspected attacks. However, as of Thursday night, police had removed it from the list, which could mean that it had been arrested, the charges were dropped or fell out of the top ten.
It is reported that Jeremy Cahen once created the Pepecoin (PEPE) forked token PORK with a market value of up to $250 million, and the Uniswap forked token PNDC with a market value of $100 million.
DeepSeek becomes the fastest breakthrough of 30 million daily active users APP
QuestMobile data shows that DeepSeek's daily active users exceeded Doubao for the first time on January 28, and then exceeded the 30 million mark on February 1, becoming the fastest application in history to achieve this milestone.
"What important events have happened in the past 24 hours"
In-depth discussion on the issuance and destruction of Ethereum: The dynamic game of cat and mouse
The reduction in the issuance of ETH and the increase in the destruction will occur simultaneously. ETH has been scarce than BTC since the Ethereum merger.
The crypto market no longer rewards diamond players?
Once upon a time, Zhao Changpeng's saying "If you can't hodl, you won't become rich" was regarded as the golden rule of investment in the currency circle for a while. Buy, hold and hold firmly, and then sell when you make a lot of profits to get huge profits. The HODL concept was once very popular in the circle.
Some investment institutions have obtained very generous returns through in-depth research and betting, such as the first-class position in the last round of MATIC and AAVE, which has obtained hundreds or even thousands of times the returns. Various legendary wealth stories make retail investors generally believe in the powerful power of diamond hands. However, if this investment concept was quite effective in the last cycle, this concept is no longer believed in by the market, especially for players who are full of copycats.
Within a four-year cycle, the market structure has undergone considerable changes. If the style cannot be adjusted in time, you often face the risk of standing guard on the top of the mountain. The market really no longer rewards diamond players?
Although Tether, which earns $10 billion in annual profits, has been accelerating investment in the past few months, Rumble's cross-sector investment is still surprising, and this may be closely linked to Rumble and Trump, as well as its It is related to expanding its business layout in the United States.
From New York to Washington, U.S. anti-crypto-power is being fully liquidated
Regulatory attitudes in Washington are undergoing fundamental changes.
On the morning of February 3, Washington time, the headquarters building of the United States Agency for International Development (USAID) was closed, and the originally bustling office area fell silent. Just the night before, the Ministry of Government Efficiency (DOGE) officials led by Elon Musk formally took over the more than 60-year-old international aid agency and announced plans to completely close. USAID employees receive emails, except for those in key positions, all the rest of the staff are transferred to remote work. At the same time, the official USAID website was offline, the official social media account was deleted, and the organization's operations were stagnant.
Musk said on social media that he had discussed the matter with President Trump and was given full authorization to close USAID. He claimed that the institution was a "extreme left criminal organization" and must be completely dissolved.
Musk cooperated with Trump to establish the Ministry of Government Efficiency (DOGE) to promote radical reform in the name of "simplifying the government". Its core goals are mainly to reduce government spending, digitally transform the bureaucratic system, and use algorithms to replace human decision-making. This vigorous shutdown of USAID also made the members of the DOGE team, who had been mysterious before, reveal their true face, and this may just be the beginning. The power map of the US federal government is being quickly reshaped.
Meme Popular List
According to the market data of Meme token tracking and analysis platform GMGN , as of 19:50 on February 8:
The top five popular Ethereum tokens in the past 24h are: SPX, ONDO, PEPU, UNI, 69MINUTES
The top five popular tokens in the past 24h are: YODA , YE , BATMAN, KALSHI , ARO
The top five popular tokens in the past 24h Base are: VIRTUAL , AIXBT , BRETT, ye, SKIBRETT
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