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According to Xinhua News Agency's client report, eight departments have issued a document further emphasizing that virtual currency-related activities are illegal financial activities, and have defined compliance boundaries for RWA tokenization as "strictly prohibited domestically and strictly regulated abroad," specifically naming Shuqin Technology as a pioneer in RWA compliance.It is reported that Shuqin Technology is a blockchain company based in Hangzhou. Public information shows that its founder was involved in founding "Yibit" and served as CTO, being one of the earliest blockchain entrepreneurs in the country. Previously, Shuqin Technology had explored RBA (Real Business Assets), relying on "fully trustworthy data" to structurally present business operations, revenues, and risks, and has formed a "triple credit enhancement" governance framework: supporting asset sustainability with real business, achieving verifiability and traceability with trustworthy data, and preemptively establishing compliance requirements and responsibility boundaries through governance structure. At the same time, Shuqin has introduced the "granular data" methodology, breaking down business into the smallest verifiable units, fully presenting the business process chain to meet key requirements such as authenticity, traceability, and risk isolation, providing underlying support for new productive enterprises to connect with international capital.

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated that Yi Lihua continues to sell ETH to reduce leverage, predicting that the purpose is to lower the liquidation line to around 1500 (USD).Currently, this bomb has basically been defused. ETH has endured a concentrated reduction of 220,000 ETH in the last 13 hours, yet it remains oscillating around the 1900 line, indicating strong buying pressure in the market and a strong intention to repair the oversold condition. According to previous news, Jiang Zhuoer mentioned this morning that the current decline has been severely oversold, and he has bottomed out ETH at 1850 USD, noting that such an oversold condition is an opportunity that occurs only once in a year.

This week, the High Court of England held a hearing in Manchester regarding the civil recovery case of Qian Zhimin's Bitcoin. However, this was a typical procedural hearing and did not make any rulings on asset ownership, compensation schemes, or substantive legal issues. The core issue of the hearing was who would represent the large number of Chinese victims. Judge Turner expressed concerns about the current situation multiple times, as more and more law firms are representing different groups of Chinese victims and making claims under Section 281 of the POCA. The High Court is facing the real risk of "agent proliferation." Additionally, Judge Turner also mentioned another judicial process being concurrently advanced by the High Court, concerning the UK bankruptcy liquidation process of Blue Sky Grey. It is reported that a subsequent hearing is scheduled for February 16-17, during which further arrangements or guidance may be provided regarding the specific impact of the bankruptcy liquidation process on the civil recovery case.

According to Decrypt, the Crown Prosecution Service (CPS) in the UK has informed Sen Hok Ling, who provided funding and assistance to the convicted Bitcoin fraudster Qian Zhimin, that he must pay over $7.6 million (£5 million) within three months, or he will face re-imprisonment and an additional 8-year sentence.Sen Hok Ling is a Malaysian citizen who pleaded guilty in 2025 to a money laundering charge and was sentenced to nearly five years in prison. Between February and April 2024, he received 83.7 Bitcoins from Qian Zhimin and converted them into cash through bank accounts in the UAE and third parties. The civil disposal proceedings involving 61,000 Bitcoins under Qian Zhimin's name are still ongoing.

According to CCTV reports, Yao Qian, the former director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission and the former director of the Information Center, was entrusted by businessman Zhang, who was conducting an ICO in 2018, to make a connection with a trading platform. The ICO raised 20,000 ETH, and the businessman transferred 2,000 ETH to Yao Qian as a reward.The task force seized a hardware wallet from a drawer in Yao Qian's office. Several bank accounts opened by others were Yao Qian's proxy accounts, with one account holding 10 million yuan. After approximately four layers of penetration, the funds came from a virtual currency trader's account and were ultimately used to purchase a villa in Beijing.

According to the Shanghai Securities News, Qiangnao Technology has completed approximately 2 billion yuan in financing, setting a global record for the second largest financing in the brain-computer interface field, after Elon Musk's Neuralink.In response, a relevant person in charge of Qiangnao Technology stated that the financing has indeed been completed, and the raised funds will be used to accelerate the research and development of core brain-computer interface technologies, achieve breakthroughs in extreme engineering, and scale up product production. The aforementioned person stated that the company's goal in the next five to ten years is to help 1 million physically disabled individuals restore their daily lives and reintegrate into society by wearing neuro-controlled prosthetics. Additionally, they aim to improve the conditions of 10 million patients suffering from brain diseases such as autism, ADHD, Alzheimer's, and insomnia. They want ordinary people to experience direct interaction with the world through brain-computer interface devices, reshaping the future of human-machine integration.

The Public Security Bureau of Leqing City, Zhejiang Province, has cracked a telecommunications network fraud case involving virtual currency. The criminal suspects induced the victims to invest 3 million yuan to purchase virtual currency and, under the pretext of "a large amount requiring offline transactions," made the victims hand over the money to so-called "acceptance merchants." They even coached her in advance on how to respond to police inquiries. In reality, the so-called virtual currency platform was entirely fake, and the accounts could not be withdrawn at all.It is reported that 3 million yuan in cash has been recovered, and two involved "runners" have been subjected to criminal coercive measures in accordance with the law. The case is under further investigation.

According to market news, Guizhou Qiannan Cybersecurity and Economic Investigation have collaborated to crack a "virtual currency" online pyramid scheme, successfully arresting 15 criminal suspects across multiple locations.Upon investigation, it was found that this pyramid scheme organization promoted the slogan "Everything valuable in the world can be tokenized," establishing a virtual currency platform without real-name transactions. They set up various levels, where members participated in the pyramid scheme by recharging and staking virtual currency, profiting through direct push rewards by developing downlines. It is a network pyramid scheme organization with more than three levels and thousands of participants.Criminal suspects Jia Moufu, Liu Mou, Duan Mouyao, and others set up a certain virtual currency online, using the lure of high returns from purchasing virtual currency to intentionally inflate the price of the virtual currency. They classified "identity levels" based on the amount purchased by members, with increasing returns as levels rose, encouraging "old members" to continue developing "new members" and attracting more people to participate in the pyramid scheme, achieving layered returns.The platform took advantage of most participants' lack of understanding of virtual currency, regularly conducting courses to promote phrases like "high returns, low risk," and assisted members in converting RMB into virtual currency through recharge services. Currently, all related suspects have been legally prosecuted.

According to the Shanghai Securities Journal, Wu Qing, chairman of the China Securities Regulatory Commission, stated at the eighth member conference of the China Securities Association that it is necessary to strengthen risk prevention in key areas. For businesses that require close attention, such as margin financing and securities lending, over-the-counter derivatives, and private asset management, as well as institutions like subsidiaries with headquarters in other locations, key risks such as credit, liquidity, and compliance must be "watched closely" to prevent problems before they occur. For new formats like crypto assets, in-depth analysis and cautious treatment are required; businesses that cannot be clearly understood and controlled should not be developed, and illegal activities must be resolutely avoided.

Nine large European banks Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit announced the launch of a stablecoin issuance institution Qivalis that complies with MiCAR standards. This institution will issue euro stablecoins under the supervision of the Dutch Central Bank (DNB), with plans to launch the euro stablecoin in the second half of 2026.It is reported that BNP Paribas SA has recently joined the alliance, further expanding the number of financial institutions participating in this MiCAR-compliant euro stablecoin initiative.

According to a report by Caijing Magazine, the main suspect in the laundering case involving 60,000 BTC, Qian Zhimin, escaped with a laptop that has a built-in cryptocurrency wallet. After several searches by the British police, multiple electronic devices, including phones, computers, and USB drives, were seized. One of the USB drives contained photos of pages from Qian Zhimin's notebook, while the relevant pages of the notebook were suspected to have been torn out before the police confiscated them.The photos of the pages recorded the startup password for the black computer and several mnemonic phrases, such as "number + love," and also included hints for the numbers, which made it possible to recover the previously seized bitcoins.

Regarding the serious fire incident that recently occurred at Tai Po Hong Fu Court, Heng Fung International Group and its Chairman, Mr. Qian Fenglei, express deep concern. Today, Mr. Qian Fenglei announced a personal donation of HKD 12 million for emergency relief, medical support, and subsequent resettlement and reconstruction efforts for the affected residents, fully supporting them through this difficult time.Heng Fung International Group mourns the significant casualties caused by the fire and extends heartfelt condolences to the families of the victims and the injured. Chairman Mr. Qian Fenglei stated that after the fire, all sectors of society showed great concern, the SAR government's professional rescue efforts were efficient and orderly, and the enthusiastic support from the community was touching, fully demonstrating the solidarity of Hong Kong society. As a company rooted in Hong Kong, Heng Fung International feels a strong sense of responsibility and is willing to contribute as much as possible.It is noteworthy that Mr. Qian Fenglei not only leads Heng Fung International Group but also serves as the Chairman of the Board of the Hong Kong main board listed company Jingwei Tian Di (02477.HK) and the Chairman of the Board of the US-listed company Heng Fung Technology Innovation (FOFO.US). Over the years, he has been actively involved in charitable activities and fulfilling social responsibilities, leading donations and contributions during several major public events in Hong Kong and the mainland, giving back to society through practical actions.Heng Fung International Group emphasizes that the growth of the enterprise cannot be separated from the support of society. In the future, the group will continue to work hand in hand with its listed companies and various sectors to contribute to building a warmer Hong Kong.This donation will primarily be used for living assistance, medical support, and post-disaster reconstruction for the affected residents. Heng Fung International Group will also continue to mobilize its subsidiaries and business units, closely monitor the progress of the disaster situation, and actively coordinate resources to ensure that the donations are put to good use.

China News Weekly published an article titled "Can the 40 Billion Bitcoin Taken by Qian Zhimin Be Returned to China?" which pointed out that the main suspect in the laundering case involving 60,000 bitcoins, Qian Zhimin, had purchased a total of 194,951 bitcoins, exceeding the 61,000 bitcoins identified by the police. However, the court did not disclose the situation regarding the remaining more than 120,000 bitcoins, indicating that it is highly likely that there are still undiscovered or unseized bitcoins in Qian Zhimin's assets.Detective Joe Ryan from the London Metropolitan Police revealed that Qian Zhimin claimed that he had "lost the password" to a wallet containing 20,000 bitcoins. According to the latest exchange rate, just these "lost" bitcoins are worth approximately 12.5 billion yuan.

According to The Hacker News, the Qilin ransomware group launched a "Korean Leaks" supply chain attack by breaching the South Korean IT service provider GJTec, resulting in 28 financial companies being affected and over 1 million files totaling 2 TB of data being stolen.Bitdefender's investigation found that this operation is linked to the North Korean-backed APT "Moonstone Sleet," suspected of collaborating with the Russian-speaking Qilin group, aiming to exert pressure on the South Korean financial market.

Cypher Capital co-founder and managing partner Bill Qian has confirmed his attendance at the forum themed "Integration, Growth, and the New Crypto Cycle," which will be held on December 2 in Dubai. The forum is co-hosted by RootData, ChainCatcher, and Klickl, and is one of the key side events of the "Binance Dubai Blockchain Week 2025."Cypher Capital is a multi-strategy crypto investment firm based in the UAE, covering venture capital, public markets, nodes, mining, and more. As an important player in the industry, guests will gather with top builders, investment institutions, trading platforms, and opinion leaders from around the world to engage in in-depth discussions on integration trends, growth strategies, and market opportunities in the new cycle, collectively driving industry innovation and global collaboration.Event registration: https://luma.com/oxc7fklo

Web3 AI data platform OlaXBT announced a memorandum of understanding with Funki Finance. OlaXBT will provide pre-processed, auditable multi-source datasets and foundational machine learning models through the AIO NEXUS Data Layer to support Funki Finance's existing deep learning dynamic credit scoring model, AI fully automated loan approval system, time series forecasting analysis platform, and anomaly detection risk monitoring dashboard.This collaboration will focus on expanding credit features and interpretability, enhancing market volatility foresight, shortening overdue warning times, and improving multi-language STT (speech-to-text) accuracy and low latency, thereby driving a dual upgrade of inclusive finance and risk control capabilities through technology. Through this partnership, both parties will establish a joint KPI and A/B testing framework, implementing it in phases under the principles of compliance and privacy-first, continuously optimizing user experience, improving approval efficiency, and reducing capital mismatch risks.OlaXBT is a decentralized AI data infrastructure equipped with a powerful financial data layer AIO NEXUS, multi-factor analysis patented technology, and MCP server market. It provides reinforcement learning AI agents that can deliver strategy information in real-time; employs a hybrid architecture to preprocess macro data, on-chain indicators, and sentiment analysis for tracking large fund movements, trend judgments, automated treasury management, and AI agent minting functions.Funki Finance is a licensed money lender in Hong Kong and a wholly-owned subsidiary of the listed company King Yat Holdings Limited (HKEX: 00070). Positioned as a fintech company, it is committed to providing flexible and convenient online loans and one-stop financial services through innovative technology, emphasizing credit management and risk control, and continuously introducing deep learning and machine learning technologies to optimize decision-making processes.

According to Caixin, Qian Zhimin, the main suspect in the laundering case involving 60,000 BTC, was arrested by the police with a digital device confiscated. On the eve of the criminal trial in September 2025, he provided the access code for the device and the passwords for two encrypted wallets. Ultimately, the police discovered that in addition to 61,000 bitcoins, he also held other cryptocurrencies worth a total of £67 million, including XRP.