The US Department of Justice sues for confiscation of over $2.4 million worth of Bitcoin related to the ransomware Chaos gang

The Hong Kong Securities and Futures Commission has issued a statement warning the public to beware of suspicious investment products such as "FoFund Duo Duo 1" and "FoFund Duo Duo 2", "Fo Coin" and "Peach Blossom Spring NFT". These products involve management strategies related to virtual asset investment, digital tokens, and non-homogeneous tokens related to painting. These investment products have not been recognized by the Securities and Futures Commission for sale to the Hong Kong public. The Securities and Futures Commission has noted that the Hong Kong public can access information about these products through their relevant websites, social media accounts, and related mobile applications. Previously, Caixin reported that Qian Fenglei's Fofund wealth management product has been shut down.

According to Golden Finance, Bakkt, a publicly traded company on the New York Stock Exchange, plans to issue 746373 shares of Class A common stock (at $10 per share) and 6753627 shares through an underwriting public offering, with a total proceeds of approximately $75 million. The company plans to use the funds to purchase Bitcoin and other digital assets, as well as for working capital and general corporate purposes.

According to the Financial Times, a senior official of the European Central Bank has warned that the rise of stablecoins pegged to the US dollar could lead to "dollarization" in the eurozone and weaken the ECB's control over monetary policy. J ü rgen Schaaf, Advisor to the Market Infrastructure and Payments Department of the European Central Bank, stated in an official blog post that the rapid deployment of stablecoins may pose a similar problem for the eurozone as emerging economies, namely "dollarization"; The widespread use of the US dollar in these emerging economies can hinder the ability of local decision-makers to set interest rates or control the money supply.

In the past 12 hours, large transactions showed a net inflow of $13.03 million from the main force, with a total buying amount of $27.89 million, significantly stronger than selling. However, the latest large market sell orders have appeared continuously, including multiple sell offs of $2.47 million, $1.78 million, etc., indicating an increase in short-term upward pressure. Based on the current 2-hour candlestick, the price is above the EMA24/52 moving average, but both MACD and KDJ have a dead cross, indicating a weakening of upward momentum and a possible shift towards a correction. The large transaction indicator accurately tracks the main trend, helping you capture abnormal signals in advance and layout trades ahead of time! Open a membership, grasp the pulse of the main funds, and seize the turning point of the market! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.

According to investing, Türkiye's online car hailing service provider Marti Technologies Inc. (NYSE American: MRT) announced that it would implement an enterprise financial strategy, including holding encrypted assets as part of its cash reserve management method. The company plans to initially allocate approximately 20% of its cash reserves to Bitcoin. The company reserves the option to increase its holdings of encrypted assets to 50% of its cash reserves and may purchase other digital assets including Ethereum and Solana. The company stated that it intends to hold cryptocurrency assets for the long term and gradually increase its holdings over time. Mati Technology stated that it is expected that this strategy will not affect current business operations or the execution of existing business plans.