The amount involved in the JPEX case exceeds 1.6 billion yuan, and Trump’s crypto investment exceeds 5 million US dollars

Headlines

▌The Commissioner of Hong Kong Police: The JPEX case involves more than NT$1.6 billion

Hong Kong Police Commissioner Siu Chak-yi said that the police have been communicating with the banking industry, the Supervisory Authority, the Office of Communications and telecommunications companies to strengthen anti-fraud work. In November last year, the police cooperated with the "FPS" platform. When citizens use "FPS" to transfer money to accounts recorded in the "anti-fraud video device", a warning will be issued. Nearly a month after the measure was launched, it has already 148,000 warnings were issued, an average of more than 4,000 per day.  

Xiao Zeyi also mentioned that so far in the JPEX case, the police have received more than 2,600 reports involving more than 1.6 billion yuan, 70 people have been arrested, and assets have been frozen over 200 million yuan. However, due to virtual The flow of assets is complicated and the authorities are closely tracing it.

▌Donald Trump’s cryptocurrency portfolio crosses $5 million

Former US President Donald Trump The value of crypto assets held by Pu has increased significantly. According to Arkham data, Trump currently holds 340.531 ETH, worth slightly more than $1 million. In addition, he also owns 368.342 WETH, worth more than $1 million. However, the majority of Trump’s crypto wealth comes from his massive holdings of TRUMP tokens, totaling 579,281 worth $2.92 million. As of press time, TRUMP was trading at $5.04.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was 51,690.8 US dollars, with fluctuations during the day. Frame+0.34%;

ETH Recent The transaction price was US$3107.07, and the intraday increase or decrease+2.07%;< /p>

BNB’s recent transaction price was US$388.5, with an intraday increase or decrease of +0.91% strong>;

ORDI’s recent transaction price was US$66.138, with an intraday increase or decrease of +3.79%;

DOGE’s recent transaction price was US$0.08594, with intraday gains and losses-0.41%;

SOL’s recent transaction price was US$103.25, with intraday gains and losses+0.47%.

Policy

▌Shanxi Provincial Non-profit Affairs Office reminds: Beware of " Illegal fund-raising in the name of "virtual currency"

The Shanxi Provincial Leading Group Office for Handling Illegal Fund-raising issued a reminder to introduce the characteristics of illegal fund-raising of "virtual currency" to help the public identify and avoid falling into scams. The so-called "virtual currency" is a specific virtual commodity that is not issued by a monetary authority. It is supported by blockchain or similar technology and recorded electronically. It mainly includes Bitcoin, etc., and is not carried in material form. new form of currency. It is worth noting that our country currently does not recognize the legal status of "virtual currency", and any financing activities involving token issuance are illegal.

▌Guangdong: Promote the in-depth application of big data, artificial intelligence, blockchain and other technologies in the financial field

The General Office of the Guangdong Provincial People's Government issued a notice on the implementation opinions on accelerating the deep integration of science and technology and finance to support the innovative development of science and technology enterprises. The notice points out that risk management of financial support for scientific and technological innovation shall be strengthened, and the risk management responsibilities of all parties shall be consolidated in accordance with the principles of marketization and rule of law, and the bottom line of no systemic financial risks shall be strictly adhered to. All types of financial institutions in Guangdong are urged to strengthen the main responsibilities of risk prevention and control while supporting the development of technology-based enterprises, and adhere to independent decision-making, self-bearing risks, and sound operations. Promote the in-depth application of big data, artificial intelligence, blockchain and other technologies in the financial field to provide assistance for financial support for technological innovation and prevention and control of financial risks.

Blockchain Applications

▌Ethereum core developer: ETH is decentralized , Programmable artificial intelligence currency

Ethereum core developer eric.eth said on social media that ETH is a decentralized, programmable artificial intelligence currency.

▌EthHub: EIP-4844 adds a new transaction type blobspace to Ethereum

EthHub Lianchuang sassal.eth said on social media, why do I think EIP-4844/proto-danksharding is great?  

-EIP-4844 adds a new transaction type blobspace to Ethereum, the purpose of which is to reduce the cost of rollups/layer 2; 

-Blobspace has Own independent fee market, meaning they are not affected by non-Blobspace tx fee spikes on L1; - Blobspace "expires" after ~18 days, meaning Ethereum full nodes The added storage burden is minimal (maintaining decentralization); 

- Increasing the number and size of Blobspaces is very easy and can be done with every subsequent hard fork; 

-EIP-4844 lays the foundation for full danksharding of data availability sampling, which will bring greater scalability to layer 2; 

As part of the Dencun upgrade, EIP- 4844 will be online on March 13th, and Blobspace is coming soon.

▌The founder of Waves announced the launch of the side chain network Units.network

Waves founder Sasha.waves stated on his social platform that the side chain network Units.network will be launched soon. Units.network will be guided by a new ecosystem DAO, and the mining of the first side chain native token Unit0 will be launched soon. Token L2MP stakes it with one of the beacon chain nodes to obtain UNIT0. One million tokens will be mined and distributed to L2MP stakers in the first year.

Cryptocurrency

▌Fidelity and Accenture were in Paris last week to educate bank executives and asset managers about Bitcoin

According to a post on social media by Bitcoin Archive, Fidelity And Accenture hosted 100 bank executives and asset managers in Paris last week to learn more about Bitcoin and how as an institution you can prepare.

▌Max Keizer: Bitcoin Price Will Soar to Over $500,000

Bitcoin Max Keizer, a currency expert and well-known financial journalist, recently made extremely optimistic predictions about the trend of Bitcoin. He predicted that the price of Bitcoin will soar to more than 500,000 US dollars. Keizer's prediction is mainly based on pessimistic forecasts for the U.S. stock market - a severe crash not seen since the late 1980s.  

Keizer expects a massive correction in the stock market as the market peaks again. Keiser quoted a tweet from The Kobeissi Letter, a leading commentary in the global capital markets industry. The tweet pointed out that the current concentration of stocks in the top 10% of the market is the highest since the Great Depression, reaching 75%. This is a very rare and unhealthy number.  

"The Kobeissi Letter" pointed out that compared with past data, even during the Internet bubble period in 2001, stock concentration was only 72%, compared with before the 2008 financial crisis A full 9% higher.  

In this context, Max Keizer boldly predicted that the U.S. stock market will usher in a major crash rare since the late 1980s. The serious situation may be similar to the crash of 1987, and as the market faces Massive correction, Bitcoin will benefit from stock market crash. Max Keizer also predicted that gold would also plummet. As the stock market collapses, investment funds will shift from the gold market to Bitcoin.

▌Fidelity Global Macro Director: Bitcoin market value is expected to reach a quarter of the gold market< /strong>

Jurrien Timmer, global macro director at Fidelity, foresees that Bitcoin will win nearly a quarter of the current gold market, which is mainly held by banks and private investors. Timmer analyzed the total market capitalization of gold (excluding jewelry and industrial uses) and Bitcoin and estimated that Bitcoin's market capitalization could reach $1.5 trillion, which is $500 billion higher than the market capitalization of existing Bitcoin in circulation.  

Timmer said: I estimate that Bitcoin will eventually account for about a quarter of the monetary gold market. He speculated that monetary gold as an investment reserve accounts for approximately 40% of the total gold on the ground, with a valuation of approximately US$6 trillion.  

Timmer also pointed out that although Bitcoin’s growth so far is consistent with the stock-to-flow model, once the total reaches the 21 million limit and the production of new coins stops, the model may no longer apply.

▌Bitcoin’s net outflow reached $540 million this week, The highest amount since June 2023

IntoTheBlock data shows that since the spot Bitcoin ETF was launched in January, the weekly net outflow of Bitcoin from exchanges has been rising. Net outflows reached $540 million this week, the highest amount since June 2023.

▌Head of Derivatives at Bitfnex : As inflation persists, Bitcoin’s safe-haven status becomes more attractive

Bitfnex head of derivatives Jag Kooner told The Block that in a macroeconomic environment where inflation persists , Bitcoin is becoming an attractive option for portfolio diversification. Kooner said various macroeconomic headwinds in 2024 could enhance the safe-haven status of assets such as Bitcoin, gold and silver. He said: "Inflation levels that continue to be above the comfort zone of central banks around the world are expected to lead to higher interest rates for a long time. This situation may undermine current market expectations for early easing of monetary policy in developed markets and may lead to some disappointment among investors. ".

Important economic trends

▌Convertible bond fund managers are paying attention to the game amid intensive price cuts Opportunities

Since February 6, the equity market has experienced a rise. Affected by this, the convertible bond market also surged, and all convertible bond funds rose. Industry insiders said that convertible bonds are currently facing an opportunity to deploy on the left. In addition, since the beginning of this year, convertible bonds have intensively lowered their conversion prices, and relevant fund managers are also paying close attention to the investment opportunities this brings. There are currently 71 convertible bond funds on the market. Since the market rose this time, they have all achieved positive returns, with an average increase of more than 2%. The convertible bond fund with the largest increase was Minsheng Canada Bank Convertible Bond Selection, with an increase of 6.22%. Shanghai Banking Convertible Bond Select Bonds, Rongtong Convertible Bonds, and Ping An Convertible Bonds also rose by 4.59%, 4.52%, and 3.85% respectively. (Shanghai Securities News)

Gold Encyclopedia

▌ Artificial Intelligence Governance

Artificial Intelligence Governance is a comprehensive term encompassing definitions, principles, guidelines, and policies designed to guide the ethical creation and utilization of artificial intelligence (AI) technologies. This governance framework is critical to addressing a wide range of issues and challenges related to AI, such as ethical decision-making, data privacy, algorithmic bias, and AI’s wider impact on society.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.