1. The US core PCE price index recorded an annual rate of 2.5% in January.
The core PCE price index in the United States recorded an annual rate of 2.5% in January, the lowest since June 2024, and is expected to be 2.5%, compared with a previous value of 2.6%. The core PCE price index in the United States recorded a monthly rate of 0.3% in January, in line with expectations and the highest since October 2024.
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2.Bybit hacking incident triggered THORChain money laundering transactions, developer Pluto announced his resignation
In the recent theft of Bybit, hackers exchanged ETH into BTC for money laundering through THORChain, which brought huge transaction volume and fees to THORChain. TCB said he was one of three verifiers who voted to stop THORChain ETH trading and has been looking for ways to stop Bybit hackers from laundering money. Pluto, the chief developer of THORChain, has announced his resignation. ‘when most of your money flow is stolen from North Korea and used for the largest money robbery in human history, it will become a national security issue, ‘says TCB.’ it’s no longer a game.
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3.SEC clarifies that Securities Law is not applicable to meme coin transactions
SEC issued a statement clarifying the application of meme coin. The statement pointed out that meme coin is an encrypted asset inspired by Internet memes, roles or trends, usually used for entertainment, social and cultural purposes, and its value is mainly driven by market demand and speculation, usually with no actual function. According to SEC, meme coin’s transactions do not involve the issuance and sale of securities, so participants do not need to register under the Securities Act and are not protected by federal securities laws. Nevertheless, this statement does not apply to the issuance and sale of meme coin that do not conform to the above description, or to meme coin that circumvent the application of federal securities laws by disguising products. Fraud related to it may be enforced or prosecuted by other federal or state agencies under other laws.
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4. BitMEX, the cryptocurrency exchange, is looking for a buyer, according to people familiar with the matter. BitMEX, the cryptocurrency exchange, is looking for a buyer and has commissioned investment bank Broadhaven Capital Partners to assist in the sale. BitMEX was co-founded by Arthur Hayes and others in 2014 and was accused of failing to effectively implement anti-money laundering measures. Hayes resigned as CEO after filing criminal charges in the United States.
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5.Consensys and SEC reach an agreement to drop the MetaMask case
Joseph Lubin, founder of Consensys, said Consensys had reached an agreement in principle with the US Securities and Exchange Commission (SEC) to withdraw the securities enforcement case against MetaMask. Subject to the approval of the Committee, SEC will submit an agreement to the court to formally close the case.
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6. Hunan Financial Office disclosed a fraud case of virtual currency fund-raising, with the principal culprit making a profit of more than 226 million yuan.
The Office of the Financial Committee of the Hunan Provincial CPC Committee disclosed a GBC platform fund-raising fraud. Zhou, Tong, Wu and others commissioned Chengdu Xingyi Network Technology Co., Ltd. to design GBC platform software computer client and mobile phone APP. Three people falsely claimed that GBC coins and wealth coins were blockchain virtual currencies and were developed offline in Jinshui District, Zhengzhou City. To the 47 layers of members of the ldquo;GBC” platform, involving 59548 member accounts and 3.408 billion yuan in and out funds, including 40480 member accounts with a loss of 629 million yuan, and the principal culprit made a profit of more than 226 million yuan through fund-raising fraud on the GBC platform. After investigation, the digital symbols generated by the GBC platform system do not have any economic value. After hearing the case, the Zhengzhou Intermediate people’s Court held that the person involved in the case was sentenced to fixed-term imprisonment ranging from 15 to 13 years according to law.
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