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According to Zhejiang Daily, recently, the Ningbo Customs Anti-Smuggling Bureau successfully dismantled multiple criminal gangs smuggling virtual currency "mining machines" through in-depth operations and meticulous investigations, effectively cutting off an illegal industrial chain.Previously, during a routine inspection of a batch of imported express shipments declared as "industrial blockers," Ningbo Customs discovered that the actual goods did not match the declaration and were, in fact, virtual currency "mining machines." Customs officers quickly transferred this lead to the anti-smuggling department. After receiving the report, the Ningbo Customs Anti-Smuggling Bureau immediately assembled a task force by drawing on elite personnel, and through data analysis and clue investigation, gradually clarified the organizational structure and operational model of the criminal network. When the timing was right, they decisively struck, simultaneously conducting net-seizing operations in Dongguan, Shenzhen, and other locations, successfully dismantling multiple smuggling gangs of mining machines.Upon investigation, it was confirmed that this series of cases seized over 400 illegal entry mining machines of brands such as Ant L9 and Ice River KS3. The investigation revealed that the smuggling gang led by Liao, in order to make illegal profits, procured "mining machines" from overseas suppliers, disassembled the whole machines, and misreported the product names to smuggle them into the country through international express channels from ports in Ningbo, Guangzhou, and other places. After the goods entered the country, the gang reassembled them, either selling them directly domestically or transporting them to hidden "mining sites" in Xinjiang, Hunan, and other places to engage in illegal virtual currency "mining" activities. At the same time, they utilized virtual currencies like USDT for cross-border payment settlements to evade financial supervision.

According to the Zhejiang Daily, the Ningbo Customs Anti-Smuggling Bureau in Zhejiang, China, recently cracked multiple cases of smuggling virtual currency mining machines, dismantling several criminal gangs and seizing over 400 mining machines of models such as Ant L9 and Ice River KS3.The report states that the involved gangs misrepresented the mining machines as "industrial block devices" and smuggled them into the country through international express channels from ports in Ningbo, Guangzhou, and other locations. They then reassembled the machines and sold them domestically or transported them to mining sites in Xinjiang, Hunan, and other areas for hosting and mining.Investigators stated that the relevant gangs also used USDT for cross-border payment settlements to evade financial regulation.

According to New Daily, the Financial Supervisory Service (FSS) of South Korea, the Customs Service, the Credit Finance Association, and nine credit card companies in the country signed the "Public-Private Cooperation Agreement to Block Transnational Criminal Funding" on the same day. The plan aims to cut off the funding chain for telephone fraud and virtual asset crimes at the source by analyzing overseas credit card usage details and entry and exit records.In the past, due to information gaps between agencies, the Customs Service had entry and exit data but could not monitor abnormal overseas consumption in real-time, while credit card companies had payment data but did not have access to cardholders' customs clearance dynamics. Under the new mechanism, the Customs Service will provide credit card companies with information on high-risk transaction trends, while the Financial Supervisory Service will establish guidelines authorizing credit card companies to take effective measures such as interrupting transactions when abnormalities are detected.Lee Chan-jin, the head of the Financial Supervisory Service of South Korea, stated that this move signifies that South Korea has established a normalized monitoring system to block the outflow of criminal proceeds at the source. The system will focus on precisely targeting currency exchange behaviors that involve cash withdrawals at overseas ATMs using overseas credit cards and laundering through cryptocurrencies.

According to The Block, the UK's HM Revenue and Customs (HMRC) is exploring the procurement of blockchain forensic software and investigative support services to enhance its efforts against money laundering and tax fraud involving digital assets.A market research announcement released this week indicates that HMRC plans to procure licensing and investigative support services, covering functionalities such as blockchain data queries, cross-chain transaction tracking, attribution analysis, risk scoring, and data visualization. The proposed total contract value is approximately £3.42 million (about $4.6 million), for a duration of three years, with the possibility of extension until March 2030. The contract includes 55 annual software licenses and 20 corresponding investigative support hours, along with investigator training.Colby Mangels, former OECD advisor and Head of Global Government Solutions at Taxbit, stated that this move reflects the global government's emphasis on building compliance infrastructure for digital assets. Investigative work increasingly relies on cross-chain tracking, forensic analysis, and real-time blockchain data access, demonstrating the UK's commitment to setting an example in crypto compliance and regulatory transparency.

According to Jinshi reports, Federal Reserve official Kashkari stated that as the shadow of war looms over the outlook, the Federal Reserve can choose to wait and see.

Dubai Customs has signed a cooperation agreement with Binance to introduce cryptocurrency payment capabilities in commercial and logistics transactions. This collaboration was signed during Binance Week 2025 by Dr. Abdulla Busenad, Director General of Dubai Customs, and Stephanie Emile, General Manager of Binance FZE. Binance will assist in enhancing trade efficiency and accelerating investment flow through payment solutions, including Binance Pay.The agreement indicates that digital assets will be integrated into the local commercial and logistics systems to support blockchain-based innovative financial infrastructure, further shortening transaction times and reducing costs. The collaboration will also help optimize import-export processes, improve customs clearance efficiency, and provide more modern payment methods for small and medium-sized enterprises to expand their businesses and enter global markets.Dubai Customs previously launched a blockchain platform in 2024 to accelerate customs clearance and commercial processing, achieving reliable supply chain data sharing. In 2023, its blockchain intellectual property management system also received an intellectual property certificate from the UAE Ministry of Economy.Sultan Ahmed bin Sulayem, Chairman of DP World Group, stated that through such collaborations, Dubai is building an advanced economic model that meets the demands of the digital economy, further enhancing its position as a trade and logistics hub. Busenad pointed out that the cooperation will accelerate customs digitization, make processes smarter, and open a new chapter for the integration of cryptocurrency payments.Binance CEO Richard Teng stated that both parties will jointly launch innovative solutions to create a tangible impact in the customs sector and promote the further development of Dubai's digital ecosystem and related infrastructure.

Polish President Karol Nawrocki has vetoed the proposal of the Crypto-Asset Market Act, which aimed to introduce strict regulations for the country's crypto industry. The president's office confirmed in a statement on Monday that he would not sign the bill. President Karol Nawrocki rejected the bill on the grounds that it "truly threatens the freedom, property, and national stability of the Polish people," and pointed out that the bill's length (over 100 pages) far exceeds the requirements set by the EU's MiCA.His main objection lies in a provision that grants authorities the power to block crypto-related websites. Polish Finance Minister Andrzej Domański stated on the X platform that the president's choice would expose consumers to risks, claiming that Karol Nawrocki "chose chaos." Deputy Prime Minister and Foreign Minister Radosław Sikorski also believes that the bill is necessary to curb fraud. Industry insiders welcomed the veto, arguing that consumer protection should not come at the cost of excessive control.

According to a report by Yonhap News TV, the Korea Customs Service has launched a special operation targeting illegal capital flows in transnational crime. Over the past five years, the scale of illegal "underground remittances" has reached 11.4 trillion won, with approximately 83% conducted through crypto assets.Recently, a gang involved in illegal fund transfers using stablecoins (such as USDT) was arrested, with an amount involved reaching 920 billion won. In addition, foreign currency smuggling activities have also increased, with a scale of about 240 billion won over the past five years. The Customs Service has formed a 126-member team to strengthen currency concealment checks and combat illegal capital flows and money laundering activities.

ChainCatcher news, according to Hong Kong Radio, the Hong Kong Police Force announced the establishment of a "Virtual Asset Intelligence Working Group" in collaboration with Customs, financial regulatory agencies, and licensed virtual asset service providers. The aim is to strengthen the public-private collaboration network through intelligence sharing and cooperation mechanisms, enhancing the ability to respond to virtual asset crimes and related cybersecurity threats.Police Commissioner Chow Man-kong revealed at the inauguration ceremony that a total of 1,463 virtual asset-related cases were recorded in the first eight months of this year. Although the number of cases decreased by 16% year-on-year, the amount of losses involved reached HKD 2.27 billion, an increase of 5% compared to the same period last year.

ChainCatcher News, the U.S. Immigration and Customs Enforcement (ICE) conducted a raid on the Lonestar Dream Bitcoin mining site located in Pyote, Texas, on September 29, primarily targeting the ASIC repair center operated by Bitmain's affiliated company ADW Tech within the site.The law enforcement action involved multiple government agencies, including ICE, the Federal Bureau of Investigation (FBI), Homeland Security Investigations (HSI), the Texas Department of Public Safety (DPS), and U.S. Customs and Border Protection (CBP). Eyewitnesses reported that law enforcement personnel used helicopters, snipers, and other equipment, and approximately 12 to 13 individuals were taken away during the raid, most of whom were Chinese citizens with expired visas.

ChainCatcher news, according to Cointelegraph, billionaire heir Taylor Thomson lost over $80 million in digital assets due to following investment advice related to a psychic.Thomson is a member of the family behind media and financial giant Thomson Reuters, and she invested millions of dollars in crypto assets with the help of her former close friend Ashley Richardson.Both had previously sought advice from psychics, and later Richardson became deeply involved in managing Thomson's crypto asset portfolio. During the bull market in 2021, Richardson reportedly managed over $140 million in crypto assets for Thomson across multiple wallets.However, the downturn in the crypto market in mid-2022 severely impacted the portfolio, with consulting firm Guidepost Solutions estimating that Thomson's losses exceeded $80 million.The firm accused Richardson of executing over 450,000 trades without proper authorization, exposing Thomson to high-risk strategies.Richardson denied the allegations, stating that she acted at Thomson's direction and that there was no formal contract between the two.In 2023, Thomson sued Richardson and Persistence; she has since settled with Persistence, while the lawsuit against Richardson is still ongoing.

ChainCatcher news, in the Wednesday episode of the podcast "Cheeky Pint," Robinhood CEO Vlad Tenev stated that he has built a community of elites from various departments within the company to ensure he interacts with more than just his direct reports."When I bring someone into this community, I usually say something like this," he said, "If a disaster or some sort of apocalypse happens, and we have to rebuild Robinhood with 150 people, you will be on that list."Tenev co-founded Robinhood in 2013. He mentioned that this founder community was initially focused on compensation, aimed at allocating budgets to the top performers. But now, it has evolved into a "real community" within the stock trading company. "I review the latest strategies or visions with them, bringing these people together to hear their feedback," he said, "We hold events, with gatherings in every city, bringing them together for dinner."

ChainCatcher news, according to The Miner Mag, the American Bitcoin mining company CleanSpark disclosed in its Q2 2025 financial report that the U.S. Customs and Border Protection (CBP) has accused the company of importing certain Bitcoin mining machines from China between April and June 2024, which requires the payment of back duties.If the CBP's accusations are upheld, CleanSpark expects to face customs duties of up to $185 million (excluding statutory interest). CleanSpark stated that it will strongly contest the claims, asserting that its import documents and hardware suppliers can confirm that the equipment is not made in China.

ChainCatcher news, according to Sing Tao Daily, Hong Kong Customs today cracked a case involving the suspected use of smuggled cash and virtual assets for money laundering, with an amount involved of approximately HKD 1.15 billion. A local man and a non-local man have been arrested.It is reported that Hong Kong Customs officials identified a 37-year-old local man and a 50-year-old non-local man and launched a wealth investigation, discovering that the two were using smuggling methods to transport cash out of the country, and were frequently and rapidly conducting large transactions in stablecoins and fiat currency with funds of unknown origin, which was extremely inconsistent with their background and financial conditions, suspected of engaging in money laundering activities. During the operation, customs personnel seized a batch of suspected items, including mobile phones, tablets, and bank cards. The case is still under investigation, and the two arrested individuals are currently out on bail awaiting trial, with no exclusion of further arrests.

ChainCatcher news, according to Sing Tao Daily, the Hong Kong Customs today cracked a case suspected of using smuggled cash and virtual assets for money laundering, with an amount involved of about HKD 1.15 billion. A local man and a non-local man were arrested.It is reported that Hong Kong Customs officers targeted a 37-year-old local man and a 50-year-old non-local man for a wealth investigation, discovering that they smuggled cash out of the country and frequently and rapidly conducted large transactions of stablecoins and legal tender with funds of unknown origin, which were extremely inconsistent with their background and financial status, suspected of engaging in money laundering activities. During the operation, Customs officers seized a batch of suspected illegal items, including mobile phones, tablets, and bank cards. The case is still under investigation, and the two arrested individuals are currently out on bail awaiting trial, with the possibility of more arrests not ruled out.

ChainCatcher message, encrypted trader James Wynn tweeted, "I missed the shorting opportunity, busy making money elsewhere. These new token launches always end the same way. In my opinion, one should wait until the PUMP completely bottoms out before considering entry."

ChainCatcher news, Binance Alpha announces full integration with the TRON ecosystem, launching a dedicated trading channel for the first time and listing native Meme projects like $SUNDOG and $PEPE on the SunPump platform. As a Meme traffic engine, SunPump is helping the ecosystem upgrade from "topic popularity" to "asset synergy."On the evening of July 15 at 8 PM, the SunFlash roundtable will deeply analyze the synergistic effects between Binance Alpha and TRON, discussing how structural benefits can reshape the paradigm of ecological growth. This collaboration marks the official opening of a full-cycle liquidity path for assets on the TRON chain, which will accelerate the value spillover of the TRON ecosystem in the future, driving on-chain contract deployment, trading volume, and wallet activity to new heights.The seminar will be broadcast live via Twitter Space. Users can follow the official accounts @sumpumpmeme and @Agent_SunGenX, retweet the event post, and @ three friends to participate in an interactive lottery for a chance to win a reward of 10 USDT.

ChainCatcher news, Binance announced that it will support the token swap of League of Kingdoms (LOKA) and rebrand to Arena-Z (A2Z). All LOKA tokens will be exchanged for A2Z at a ratio of 1 LOKA = 1 A2Z.Binance will open trading for the A2Z/BTC and A2Z/USDT trading pairs on July 30 at 16:00.

ChainCatcher news, according to Cointelegraph, Hong Kong Customs announced a collaboration with the University of Hong Kong to develop a cryptocurrency transaction tracking tool to combat money laundering crimes involving digital assets. Assistant Commissioner Wong Ho-yin pointed out that from 2021 to May 2025, a total of 39 major money laundering cases were investigated, of which 7 involved cryptocurrencies, with the largest case involving HKD 1.8 billion (approximately USD 230 million), leading to the arrest of 3 suspects who transferred HKD 760 million through a cryptocurrency platform.The operational details of the tool have not been disclosed due to confidentiality. This week, Customs, in collaboration with law enforcement agencies from 8 jurisdictions including China and Singapore, held a three-day anti-money laundering seminar to strengthen cross-border cooperation in combating digital financial crimes.