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The Monetary Authority of Singapore and the police will block the unlicensed trading platforms Octa and XM websites starting from June 20, as they are not licensed to provide trading services to local residents, violating the Securities and Futures Act, and may pose a high risk of fraud.

PANews reported on June 7 that Wuhan Dongxihu police recently smashed a fraud den hidden in the countryside, arrested 32 criminal suspects, and 20 people were criminally detained by the police. After interrogation, the fraud gang disguised and fabricated the "Bai Fumei" dating script, flaunted the investment income of virtual currency, and then induced the victim to enter the fake platform created by it to invest. Scammers use well-concocted "scripts" to ask the victim for warmth and warmth, and then flaunt the "investment" returns. Once the victim is tempted, the suspect will send a fake investment URL to induce the victim to buy virtual currency and invest in the fake platform. The income is controllable by the scammer, but the "withdrawal" cannot be successful. At present, the case is being further handled.

Recently, the police in Suzhou, Anhui successfully cracked a major illegal buying and selling of bank card series crime case, with an amount involved exceeding 80 million yuan, covering more than 20 provinces and cities nationwide. The criminal gang completed illegal fund transfers through the "flat position" model without the bank cards leaving the country and used Virtual Money to evade investigation. The main criminal suspects have been sentenced.

According to reports, ETF issuers VanEck, 21Shares, and Canary Capital have written to the U.S. SEC urging the restoration of the "first-come" principle, advocating for approvals to be granted in the order that ETF applications are submitted to the regulatory agency. These companies argue that the SEC has failed to adhere to the "first-come principle" (the default application approval process prior to the listing of encryption ETFs), thereby undermining healthy competition and hindering financial innovation.

Recently, the police in Suzhou, Anhui successfully cracked a major case of illegal buying and selling of bank cards, with an amount involved exceeding 80 million yuan, affecting more than 20 provinces and cities nationwide. The criminal gang completed illegal fund transfers through a "flat position" model without the bank cards leaving the country, and used Virtual Money to evade investigation. The main suspects have been sentenced.

Congressman Thomas Massie and others proposed the Gold Reserve Transparency Act, which requires a comprehensive audit of U.S. gold reserves and the disclosure of relevant transaction records over the past 50 years, including purchases, sales, and borrowing.

According to reports, ETF issuers VanEck, 21Shares, and Canary Capital have written to the U.S. SEC urging the restoration of the "first-come, first-served" principle, advocating for approvals to be granted in the order that ETF applications are submitted to the regulatory agency. These companies argue that the SEC has failed to adhere to the "first-come, first-served principle" (i.e., the default application approval process prior to the listing of encryption ETFs), thereby undermining healthy competition and hindering financial innovation.

Recently, the police in Suzhou, Anhui successfully cracked a major illegal buying and selling of bank cards case, involving an amount exceeding 80 million yuan and spanning over 20 provinces and cities across the country. The criminal gang used a "flat position" model to complete illegal fund transfers without the bank cards leaving the country, and utilized Virtual Money to evade investigation. The main suspects have been sentenced.

The Hong Kong Securities and Futures Commission officially announced that it has noticed a rising trend in phishing scams perpetrated by impersonating licensed corporations. Scammers deceive clients into clicking on hyperlinks contained in mobile text messages, redirecting them to websites that resemble those of licensed corporations, and thereby capture clients' usernames, login passwords, and verification information, allowing them to access clients' accounts at licensed corporations for unauthorized transactions. As a result, guidance has been issued to licensed corporations to prevent unauthorized transactions in client accounts.

The Hong Kong Securities and Futures Commission officially announced that it has noticed a rising trend in recent phishing scams where counterfeit licensed corporations send fake text messages. Scammers trick clients into clicking hyperlinks contained in mobile text messages, redirecting them to websites similar to the licensed corporation's official site, and capture clients' usernames, login passwords, and verification information, thereby accessing clients' accounts with the licensed corporation to conduct unauthorized transactions. Therefore, guidelines have been issued to licensed corporations to prevent unauthorized transactions in clients' accounts. If clients have disclosed their account login information to unverified websites or discover unauthorized transactions in their accounts, they should contact their licensed corporation as soon as possible and report to the police.

After market rumors that a certain exchange was secretly conducting an IPO in the United States, a spokesperson for the exchange stated that the IPO would take place after review by the SEC(, and the specific timing would depend on market and other conditions. In addition, the spokesperson revealed that the certain platform Space Station company has submitted a draft registration statement on Form S-1 to the SEC, but the number of Class A common shares to be issued and the price range for the issuance have not yet been determined.

The Hong Kong Securities and Futures Commission reminds the public to be aware of phishing text message scams impersonating licensed corporations, advising clients to be cautious of suspicious links and to be alert to the risk of account theft. If you encounter any issues, promptly contact the licensed corporation and the police.

According to reports, crypto advocacy groups such as the Blockchain Association, CoinCenter, the DeFi Education Fund, and the Bitcoin Policy Institute are calling for the dismissal of the case against the Bitcoin mixer Samourai. These groups believe that SamouraiWallet simply helps people conduct financial transactions online without violating U.S. law. Nevertheless, a federal judge this week rejected the amici curiae briefs from these groups. Previously, the U.S. government shut down SamouraiWallet and arrested its developers, accusing the application of being an "unlicensed remittance business" used by criminals.

Members of Congress have proposed the "Gold Reserve Transparency Act," which calls for a comprehensive audit of the U.S. gold reserves, disclosing relevant transaction information from the past 50 years, including purchases, sales, lending, and other activities.

Recently, the police in Suzhou, Anhui successfully cracked a major illegal buying and selling of bank card series criminal case, involving an amount exceeding 80 million yuan and spanning over 20 provinces and cities across the country. The criminal gang completed illegal fund transfers using a "flat position" model without the bank cards leaving the country, and evaded detection by utilizing Virtual Money. The main criminal suspects have been sentenced.

Members of Congress, including Thomas Massie, have proposed the "Gold Reserve Transparency Act," which calls for a comprehensive audit of the U.S. gold reserves and the disclosure of relevant transaction records from the past 50 years, including purchases, sales, lending, and other activities.

Recently, the police in Suzhou, Anhui province successfully cracked a major illegal buying and selling of bank cards series of criminal cases, with an amount involved exceeding 80 million yuan, covering more than 20 provinces and cities nationwide. The criminal gang completed illegal fund transfers through a "flat position" model without the bank cards leaving the country, and used Virtual Money to evade investigation. The main criminal suspects have been sentenced.

Congressman Thomas Massie is leading the introduction of the "Gold Reserve Transparency Act," which calls for a comprehensive audit of the U.S. gold reserves, covering all transaction activities over the past 50 years, including purchases, sales, and more.