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A family in France was the victim of a gunpoint invasion and kidnapping, with 700,000 euros in encrypted assets being looted

According to French media reports, on the morning of April 20 local time, a malicious "targeted robbery of crypto assets" occurred in Ploudalmézeau, France: two masked gunmen broke into a residence, controlling and binding a family of five (including two children and two elderly individuals) for several hours, ultimately coercing the victims to transfer approximately 700,000 euros worth of cryptocurrency.The incident took place in a residential community in broad daylight, and the suspects were clearly "well-prepared," having a thorough understanding of the victims' crypto asset holdings. Police initially determined that this case represents a typical new crime model of "offline violence + on-chain transfer," where personal threats are used to forcibly obtain private keys or transfer authorizations.It is noteworthy that the family members of the victims were engaged in work related to the crypto industry, which may have been a significant reason for this targeted crime. The case is still under investigation, and the suspects have not yet been arrested.This incident once again highlights that, against the backdrop of the increasing popularity of crypto assets, "physical world attacks" (such as kidnapping and home invasion) are becoming new security risk points, and personal asset security is no longer limited to on-chain protection.

The State Duma of Russia has passed the digital currency bill on its first reading, granting the central bank control over market access and transaction regulation

The State Duma of Russia (the lower house of parliament) has passed the "Digital Currency and Digital Rights Bill" in the first reading, marking a key step towards the legalization of cryptocurrency assets in the country.According to the bill, the Bank of Russia will become the core regulatory body for the cryptocurrency market, responsible for issuing licenses, approving or prohibiting related transactions, and defining the legality of transactions. The bill proposes to classify cryptocurrencies as "property," but explicitly prohibits their use as a means of payment domestically, with the ruble remaining the only legal tender. However, in the context of Western sanctions, cryptocurrency assets can be used for cross-border trade settlements, including service payments, intellectual property transfers, and other scenarios.In addition, the bill allows Russian residents to legally invest in cryptocurrency assets through licensed institutions, but will implement a tiered investor system, setting testing and annual investment limits for ordinary investors (with a suggested cap of 300,000 rubles). Initially, only high-market-cap mainstream assets like Bitcoin and Ethereum will be allowed for trading, with a whitelist established by the central bank. The bill is expected to be formally passed and come into effect by July 2026 at the latest. However, some lawmakers and banking industry figures have criticized the overly strict regulations, which may affect market activity and even lead to funds remaining in the gray market. At the same time, accompanying legislation is also proposed to introduce criminal penalties, with a maximum sentence of 7 years in prison for illegal cryptocurrency trading.

first_img HK Web3 Feastival Roundtable: From "Asset Registration" to "On-chain Issuance", Bridging the Last Mile of RWA Cross-border Compliance

ChainCatcher reported live that Tang Bo, Assistant Dean of the Financial Research Institute at the Hong Kong University of Science and Technology, Fei Si, Partner at King & Wood Mallesons, Diao Zhi Hai, Head of International Wealth Management at China International Capital Corporation, and Gavin Wang, Managing Partner and Chief Investment Officer of SNZ Holding & SNZ Capital, jointly attended the HK Web3 Feastival roundtable discussion, sharing insights on "from asset registration" to "on-chain issuance," bridging the last mile of RWA cross-border compliance.Fei Si pointed out that the so-called "from asset registration to on-chain issuance" essentially establishes a replicable, sustainable, and legally compliant channel for "domestic assets, overseas issuance." He believes that the most critical aspect at this stage is to first establish a solid transaction structure and top-level product design, clarifying whether the product is classified as equity or debt, as this will directly determine the corresponding regulatory authorities, communication methods, and subsequent legal document arrangements.Diao Zhi Hai approached the issue from the practical perspective of traditional financial institutions, stating that the biggest challenge currently is not a single isolated pain point, but how to systematically connect multiple compliance nodes to form a truly implementable closed-loop mechanism. He indicated that RWA cross-border projects involve not only financial regulation but also data cross-border, cybersecurity, foreign exchange management, and other departmental collaborations. Therefore, it is essential to examine whether the underlying assets can be clearly defined and mapped on-chain, who qualifies as the issuer and controlling entity, and whether the non-financial regulatory requirements throughout the process have been incorporated into the plan.Gavin Wang entered the discussion from the investment and market demand perspective, emphasizing that the global trend of asset tokenization is certain, and that high-quality Chinese assets are still significantly undervalued overseas. This means that as long as the cross-border compliance path is opened, market demand genuinely exists. He believes that investment institutions are most concerned with whether the entire project has clear compliance boundaries and marketability: red lines cannot be crossed, and gray areas must be approached with caution. What is truly worth investing in are those asset types with clearer regulatory expectations that investors can more easily understand and accept. In the long term, he is optimistic about two types of Chinese cross-border RWA targets: one type is large, high-quality Chinese assets that are easily understood by overseas investors, and the other type includes high-end manufacturing, robotics, AI, and pharmaceutical pipelines that are still undervalued overseas but possess global competitiveness.

first_img HK Web3 Feastival Roundtable: From the Ground Up to the Entry Point, the Path of Crypto Assets to Mainstream Finance

ChainCatcher reported live that Franklin Bi, partner at Pantera Capital, Mykolas Majauskas, senior policy director at Bybit, and Zeng Yuchao, managing director at Futu Group, jointly attended the HK Web3 Feastival roundtable to share "From the Ground Up to the Entry Point: The Path of Crypto Assets to Mainstream Finance."Zeng Yuchao introduced that Futu is the largest retail brokerage in Hong Kong, with a market share of over 50%. In January this year, it obtained the VATP license, and last month removed all additional conditions to achieve full integration of securities brokerage and crypto trading. Last year, Futu collaborated with Huaxia Fund to issue a tokenized money market fund, allowing T+0 same-day subscriptions and redemptions. In terms of AI, Futu has launched the Agent skill feature, enabling users to set strategies through natural language and execute trades automatically. He believes that in the future, there will be a transformation from graphical interfaces to AI interfaces.Mykolas Majauskas pointed out that companies currently complaining about regulation will miss this honeymoon period in the future, as larger-scale regulation is on the way. He analyzed global regulatory differences: Europe leads with MiCA, the U.S. supports private issuance, China supports government digital currency, and Hong Kong serves as a tokenization gateway. He warned that many native crypto companies claim to disrupt traditional finance but are actually being acquired by traditional institutions. He believes the fundamental change in AI is at the front end: users only need to express their intentions, and AI autonomously decides to execute strategies. Bybit is building a one-stop financial platform that integrates IBAN, cards, payments, and investments. He believes many traditional wealth management companies will be eliminated because they have historically made you feel wealthy rather than truly helping you accumulate wealth.Franklin Bi stated that blockchain is the perfect technology for building financial systems for AI Agents. When Agents choose between traditional accounts and stablecoins, they are opting for stablecoins, marking the beginning of an exponential trend.
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