New York State proposes criminal law related to cryptocurrency fraud

Odaily Planet Daily News: Sota Watanabe, CEO of Startale, revealed on X that the ruling party in Japan has proposed establishing a new cryptocurrency regulatory framework under the Financial Commodity Exchange Act. If the proposal is passed this year, cryptocurrencies may not be regulated as securities but will be seen as a new asset class, potentially leading to the launch of cryptocurrency ETFs and a reduction in tax rates from a maximum of 55% to 20%. The government has been in dialogue with Japanese industry leaders, which is seen as a positive result of regulatory and industry cooperation and is expected to attract more Japanese investors to enter the on chain market.

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BlockBeats News: On March 6th, Sunil, the representative of FTX creditors, posted on social media that Kraken has started sending emails to FTX users confirming that the next round of FTX compensation allocation will be on May 30th, 2025. This allocation covers claims below $50000 and above $50000.

According to BlockBeats, on March 6th, two addresses belonging to the same entity spent a total of 20.149 million USDS to purchase 9147 ETH at an average price of $2203.

Odaily Planet Daily News: According to Onchain Lens monitoring, two wallet addresses belonging to the same entity spent 20149945 USDS to buy 9147 ETH, with an average price of $2203.