rescue

Binance founder Changpeng Zhao stated that cryptocurrencies never needed a bailout and will never need one.On February 19, Senator Elizabeth Warren, a senior member of the Senate Banking Committee, wrote to Treasury Secretary Scott Basset and Federal Reserve Chairman Jerome Powell, urging the government not to use taxpayer funds to bail out the cryptocurrency industry. In her letter, Warren warned that any form of bailout would mean "transferring wealth from American taxpayers to cryptocurrency billionaires," which is not only "extremely unpopular" but could also directly benefit President Trump and his family's cryptocurrency project, World Liberty Financial.

According to Jin Shi reports, Federal Reserve Governor Mian stated that the Federal Reserve's balance sheet needs to be reduced, but this should not rule out the possibility of large-scale asset purchases during an economic crisis.He pointed out that reducing the balance sheet would decrease the Federal Reserve's influence in the financial markets and provide more options for future crises. Mian emphasized that although he supports the reduction plan, this process cannot be completed immediately and many regulatory hurdles need to be overcome.

According to market news, the Philippine police recently successfully rescued a Chinese citizen who was illegally detained by Chinese kidnappers in an apartment in Pasay City. Two individuals were arrested on the scene, while two other suspects are still at large. The victim reported being threatened for a demand of 1 million dollars and had already transferred over 400,000 dollars in cryptocurrency; the suspects also threatened to sell organs.The police seized items such as tape, knives, and handcuffs at the scene and will file charges related to kidnapping and extortion.

According to Decrypt, cryptocurrency exchange BloFin announced a donation of 1 million HKD to the Hong Kong Red Cross to support the rescue and recovery efforts for the recent large-scale fires in Hong Kong.

The founder of TRON, Justin Sun, posted on X platform that TRON has completed a donation of 10 million HKD to the Tai Po Hongfuyuan Relief Fund supported by the Hong Kong SAR government, to assist with the rescue efforts related to the Tai Po fire in Hong Kong.

Recently, on the Flap platform, a community-driven Meme token ($HongKongCharityFund) has donated over 76 BNB (approximately $67,000) to the Hong Kong Relief Fund initiated by Animoca through its transaction tax mechanism, achieving this donation in less than a day.According to on-chain data, the taxes generated from the trading of this Meme token are donated to Animoca's charity address via the executing contract (address: 0xE789548A54E8420DAa8977d27CD43fB6CEdE5D16). The on-chain transaction hash and data can be queried on the Dune platform.This case demonstrates a new model of spontaneous charitable donations by the crypto community through the tax mechanism of smart contracts.

Cobo announced a donation of 1 million HKD equivalent stablecoins for the fire rescue and community rebuilding in Tai Po, Hong Kong, and is collaborating with the Hong Kong Red Cross to launch a dedicated "compliance blockchain charity wallet" to ensure that the donations are fully public, transparent, and verifiable.The wallet is now open to the public, and individuals can directly transfer donations to this wallet. All donations will be used for the relevant rescue work. Cobo stated that it will continue to monitor the flow of donations and the progress of post-disaster reconstruction, and is willing to provide free technical support to charitable foundations that require blockchain donation channels.

Ju.com donated 2 million Hong Kong dollars to Hong Kong to support disaster-affected families, frontline rescuers, and community reconstruction efforts.Ju.com stated that it will continue to pay attention to the actual needs in the rescue and reconstruction process in the Tai Po area of Hong Kong and will provide necessary support in the subsequent stages.

According to official news, Ju.com donated 2 million Hong Kong dollars to Hong Kong to support disaster-affected families, frontline rescuers, and community reconstruction efforts.Ju.com stated that it will continue to pay attention to the actual needs in the rescue and reconstruction process in the Tai Po area of Hong Kong and will continue to provide necessary support in the subsequent stages.

ViaBTC announced a donation of 3 million HKD to the relevant departments of the Hong Kong SAR government to support the rescue and community rebuilding efforts following the fire at Tai Po Wang Fuk Court, helping affected residents return to normal life as soon as possible.ViaBTC founder and CEO Yang Haipo stated, "This disaster is truly heartbreaking. ViaBTC expresses deep condolences to the victims and pays high respect to the firefighters and rescuers who are fighting on the front lines and dedicating themselves to the rescue efforts." He emphasized that ViaBTC will continue to monitor the progress of the disaster relief efforts and is willing to collaborate with all parties to support the affected citizens in overcoming difficulties and rebuilding their homes as soon as possible.

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.

According to official news, Bitget will donate a total of HKD 12 million to Hong Kong to support emergency relief, assistance to affected families, and post-disaster reconstruction work related to the Hung Fuk Court fire. The donations will be undertaken and executed by three reputable local charitable organizations:The donation allocation is as follows:Hong Kong Yan Chai Hospital --- HKD 5 million, to assist with emergency medical support, treatment costs for the injured, and to provide necessary health and rehabilitation support for affected families.Hong Kong Salvation Army --- HKD 3.5 million, to provide financial assistance, temporary accommodation, living supplies, and basic life reconstruction services after the disaster, helping affected families quickly return to their daily lives.Hong Kong Po Leung Kuk --- HKD 3.5 million, for community support, psychological counseling, family assistance, and follow-up social work after the fire, to help affected residents through the transition period.Bitget expressed its hope that every penny of the donation will be used transparently, promptly, and effectively. Through this donation, they aim to work with local charitable organizations to provide timely and practical support to affected residents, helping the community to rebuild and restore normal life as soon as possible.

To fully support the emergency rescue and post-disaster resettlement and reconstruction efforts for the fire in Tai Po, Hong Kong, Matrixport Group has donated HKD 3 million to relevant rescue agencies through its Hong Kong branch. This donation is jointly contributed by the Group and its employees and will be specifically used for post-disaster rescue and reconstruction work.After the disaster occurred, the Group immediately communicated and coordinated with relevant agencies in Hong Kong to quickly implement the donation. Matrixport expresses its deep condolences to the citizens who unfortunately lost their lives in this incident and to the fallen firefighters, pays high respect to the frontline rescue and medical personnel, and extends sincere condolences to the families of the victims.Matrixport will continue to closely monitor the progress after the disaster and maintain collaboration with local public welfare partners to provide ongoing support to the affected communities in Hong Kong.

Huobi HTX and TRON jointly announced the urgent launch of a charity aid mechanism, donating 10 million Hong Kong dollars to Hong Kong for frontline rescue efforts in Tai Po, temporary accommodation for affected residents, and the provision of basic living supplies.In the joint statement, Huobi HTX and TRON expressed, "We pay tribute to the firefighters, medical staff, and community workers fighting on the front lines. We will stand with the citizens of Hong Kong and continue to pay attention to post-disaster needs, fulfilling our corporate social responsibility through concrete actions."TRON founder Justin Sun expressed deep condolences on the X platform, offering condolences to affected residents and families, and stated that he would donate to support rescue and recovery efforts, hoping to bring timely help and comfort to the community, working together with Tai Po residents to overcome difficulties.

According to the official announcement from Binance, Binance has announced a donation of 10 million Hong Kong dollars to the fire disaster area of Hong Fu Court in Tai Po, Hong Kong, to support rescue and resident reconstruction efforts. Binance stated that it will implement the donation through relevant channels and extend condolences to the affected people.

Recently, a severe fire occurred at Wangfuyuan in Tai Po, Hong Kong, causing significant losses and touching the hearts of all sectors of society. KuCoin donated 2 million Hong Kong dollars through the Colleagues Fund to support the Hong Kong Fire Services Department's assistance programs for firefighters and their families (including children), as well as related support work after the Tai Po fire.KuCoin expresses its highest respect to the firefighters and rescue personnel fighting on the front lines, while also conveying deep concern for the affected residents. KuCoin will continue to monitor the progress of subsequent rescue and community rebuilding efforts, working hand in hand with the citizens of Hong Kong to overcome this difficult time.

HashKey Group announced an emergency donation of HKD 10 million to support emergency assistance and the resettlement of residents affected by the fire in Tai Po, Hong Kong.HashKey Group expressed its highest respect to the rescue personnel working on the front lines and will continue to monitor the situation, fully assisting affected compatriots in overcoming difficulties, and praying for their safety.

The Dubai court has frozen $456 million in funds related to Sun Yuchen's rescue of the TrueUSD issuer Techteryx, as its reserves were allegedly transferred in violation to the Dubai company Aria Commodities. The court found "signs of trust breach."