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- 🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes! - 🔵 #GENIUS Stablecoin Bill#
On May 20, Eleanor Terrett reported that the GENIUS Stablecoin Bill passed a procedural vote (66-32), officially entering the review phase, though it hasn't yet become law. This marks significant progress toward the first U.S. federal stablecoin regulation framework. Is this a positive compliance step or a sign of increasing regulatory pressure? Share your thoughts!
🔵 #SOL Breaks $170#
SOL has passed the $170 mark, currently trading at $170.01, up 0.9% in the past 24 hours. However, according to regulatory filings submitted Monday, the SEC has extended the review d - 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
👉 Post daily from May 19 to May 25 and share a $300 prize pool based on your post quality!
Join now: https://www.gate.io/questionnaire/6679
Registration deadline: May 20 10:00 UTC
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will be ranked and rewarded accordingly:
A-Level:
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- Gate Brand Strategy Major Upgrade
Launching our global domain Gate.com, alongside a brand-new logo!
With a cleaner, more distinctive, universally recognized visual identity, we're moving from industry leader to true pace-setter.
✨ Three Pillars of Our Strategic Upgrade
1. User First: Serving 23 million users worldwide, with a reserve ratio of 128.57%, solidly among the top in the industry.
2. Tech Innovation: Pioneering the use of zero-knowledge proofs to verify reserve security.
3. Global Compliance: One of the few crypto platforms legally operating across multiple regions.
Just as we declare
- 🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Hong Kong police have cracked a Money Laundering gang involving 15 million USD in Crypto Assets, arresting 12 people.
Source: Cointelegraph Original: "Hong Kong police dismantle a $15 million cryptocurrency money laundering syndicate, arresting 12 people"
Hong Kong police have arrested 12 individuals involved in a cross-border money laundering scheme that used cryptocurrency and over 500 proxy bank accounts to launder 118 million Hong Kong dollars (approximately 15 million US dollars), local news media reported.
The criminal gang was dismantled on May 15, with the police arresting 9 men and 3 women in mainland China and Hong Kong.
According to the Hong Kong Commercial Daily report on May 17, the suspect allegedly recruited others to open bank accounts to receive the proceeds from fraud cases, and then converted these funds into cryptocurrency at a cryptocurrency exchange, thereby laundering illegal funds.
The criminal organization rented a residential unit in the Mong Kok community of Hong Kong to plan and execute money laundering activities. Of the 15 million dollars laundered, more than 1.2 million dollars are related to 58 reported fraud cases.
The operation stemmed from police surveillance on May 15, when two newly recruited individuals left the gang's stronghold in Mong Kok—one heading to the bank and the other to an ATM—before both proceeded to a cryptocurrency exchange in Tsim Sha Tsui to convert cash into cryptocurrency.
The police arrested the two individuals on the spot and seized approximately HKD 770,000 (about USD 98,540) in cash before the funds were laundered. The remaining 10 suspects, aged between 20 and 41, were also arrested immediately.
The police seized approximately HKD 1.05 million (about USD 134,370), over 560 ATM cards, multiple mobile phones, bank documents, and records related to cryptocurrency transactions.
Senior Inspector Tse Ka-lun of the Commercial Crime Bureau in Hong Kong stated that these individuals often use the bank accounts of friends and family to launder stolen funds.
In the Hong Kong region, reports of fraud cases in 2024 increased by 12% year-on-year, with authorities making over 10,000 arrests related to fraud. Among these, approximately 73% of the arrests involved individuals holding puppet bank accounts.
This crackdown comes as Hong Kong continues to roll out its cryptocurrency regulatory framework, aiming to support local innovation, protect consumers, and position itself as a cryptocurrency hub.
The Securities and Futures Commission (SFC) of Hong Kong introduced new regulations in April for cryptocurrency exchanges providing pledge services. Two months ago, the securities regulator launched a roadmap aimed at improving market access, optimizing compliance, expanding product offerings, strengthening cryptocurrency infrastructure, and building relationships with industry participants.
Related recommendations: Aptos head: Stablecoin regulation is the "next catalyst" for the crypto industry.