Du Jun: Will continue to invest in the field of encryption, blockchain will eventually reconstruct financial infrastructure

Ethereum Fund plans to lay off approximately 20% of its employees.

According to The Block, the mGLOBAL security token launched by Midas has been integrated into Aave Horizon, allowing users to use mGLOBAL as collateral to borrow USDC and retain exposure to underlying assets. MGLOBAL tracks the Global Diversified Alternative Debt short-term private credit portfolio managed by Fasanara Capital, which is issued by a bankruptcy isolated entity under the Luxembourg asset securitization vehicle, with net value calculated monthly by JTC Luxembourg.

With bitcoin testing its 200 week moving average, on-chain data suggests the $50,000 to $54,000 range could become the next key battleground.

Hong Kong police crack down on HKD 230 million money laundering case, a mainland woman sentenced to 47.5 months in prison According to HK01, the Hong Kong police have cracked a cross-border money laundering case. The group involved used 43 Hong Kong bank accounts to handle 34 fraud cases from June to September 2024, defrauding HKD 18 million and using cryptocurrency transactions to launder HKD 230 million in criminal proceeds. A 34 year old mainland woman who opened a puppet account to assist in the laundering of HKD 9.29 million in criminal proceeds and purchased cryptocurrency through a virtual asset exchange shop was sentenced to 47.5 months in prison. The Hong Kong police remind that assisting criminal groups in handling funds can face up to 10 years in prison, and money laundering can result in a maximum fine of HKD 5 million and 14 years in prison.

[Tanya Denisova Joins Agora as Head of Operations] According to CoinDesk, former Robinhood Crypto Chief Operating Officer Tanya Denisova has joined stablecoin company Agora as Head of Operations. She will assume the role of Chief Operating Officer of Agora's proposed national trust bank after the Office of the Comptroller of the Currency approves Agora's national trust charter application. Tanya Denisova served at Robinhood Crypto for six years, leading the department's growth from a 3-person team to a regulated entity operating across the U.S. and EU, with a business scale reaching $10 billion.