ETH falls below the $4200 mark

OKX has announced the launch of a stablecoin payment service in Singapore, allowing users to make payments to GrabPay merchants using USDC or USDT via OKX Pay. Payments will be converted to the XSGD stablecoin, and merchants will ultimately receive funds in Singapore dollars.

[Qian Zhimin Pleads Guilty to Two Charges, Lawyer Claims Cryptocurrency Rise Can Compensate Investor Losses] Caixin has disclosed details of a money laundering case involving 60,000 Bitcoins. The main defendant, Qian Zhimin, has pleaded guilty, but only to two charges brought by the UK Crown Prosecution Service: acquiring criminal property (cryptocurrency) and possessing or transferring criminal property (cryptocurrency). Efforts for cross-border asset recovery and loss mitigation are still ongoing, with greater challenges in Sino-British judicial cooperation. Qian Zhimin's defense lawyer, Roger Sahota, stated that his guilty plea aims to reassure investors who have been waiting for compensation since 2017, emphasizing that the rise in cryptocurrency value is sufficient to cover investor losses. This statement has drawn external attention, particularly regarding the potential implications behind it. The case's subsequent developments remain worth monitoring.

[U.S. SEC Discusses Cryptocurrency Regulatory Framework with NYSE and ICE] The U.S. Securities and Exchange Commission (SEC) cryptocurrency task force recently held a meeting with the New York Stock Exchange (NYSE) and Intercontinental Exchange (ICE), focusing on cryptocurrency regulatory issues. The meeting covered key areas such as cryptocurrency derivatives and tokenized stock trading, aiming to establish a clearer regulatory framework for this rapidly evolving market.

[SEC Discusses Regulation of Crypto Derivatives and Tokenized Stocks with NYSE and ICE] The U.S. Securities and Exchange Commission (SEC) Crypto Special Task Force recently met with the New York Stock Exchange (NYSE) and Intercontinental Exchange (ICE) to focus on regulatory frameworks for crypto derivatives and tokenized stock trading. The meeting aims to enhance regulatory coordination for emerging crypto asset classes, ensuring market transparency and investor protection. (Cointelegraph)

According to AiCoin monitoring, the net inflow of US spot BTC ETF reached $518 million yesterday, the highest daily net inflow since September 19th. Among them, FBTC had the largest inflow of funds, reaching 299 million US dollars; Next is ARKB, with an inflow of 62.2 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only