BTC falls below the $106000 mark

[U.S. Treasury Secretary Besent Announces Major Tariff News to Be Released in the Coming Days] On November 12, U.S. Treasury Secretary Besent stated that major tariff news will be announced in the coming days.

[She Zhijiang Extradited to China for Illegal Blockchain Financing and Gambling Crimes] On November 12, Cambodian-Chinese She Zhijiang (also known as She Lunkai, Tang Kriang Kai) was escorted by Thai police to Bangkok's Suvarnabhumi Airport and extradited to China for involvement in illegal blockchain financing and gambling crimes. She Zhijiang had previously created and operated 239 illegal gambling websites, with funds involved exceeding 12.63 trillion Thai baht (approximately 2.77 trillion RMB). He engaged in gambling and telecom fraud activities in Myanmar's Myawaddy KK Park and 'Asia Pacific New City.' He had used blockchain technology financing as a guise for conducting illegal transactions.

[J.P. Morgan Rates COIN, MARA, and RIOT Stocks as Overweight] J.P. Morgan analysts have rated COIN, MARA, and RIOT stocks as Overweight, believing these stocks will outperform the broader market. Specific ratings are as follows: COIN current price $305.84, target price $399; MARA current price $14.68, target price $20; RIOT current price $16.05, target price $19.

[Main Perpetrator of 60,000 BTC Money Laundering Case Qian Zhimin Expected to Be Released in 2030] On November 12, the main perpetrator of the 60,000 BTC money laundering case, Qian Zhimin, was sentenced to 11 years and 8 months in prison by the Southwark Crown Court in the UK. According to the UK's 'automatic release after serving half the sentence' rule, as Qian Zhimin has been in custody since April 23, 2024, for approximately 18 months, this period will be deducted from the total sentence. She is expected to be released in late February 2030. Additionally, she will be subjected to a Serious Crime Prevention Order (SCPO) for a period of 5 years, which will take effect upon her release.

The bank said USDC remains the frontrunner to dominate digital dollars as the company's third-quarter results topped forecasts.