🕵️ According to CoinDesk, the UK High Court has allowed a lawsuit involving the theft of 2,323 BTC (approximately $172 million) to proceed.
Plaintiff Ping Fai Yuen alleged that his estranged wife, Fun Yung Li, snooped on his hardware wallet seed phrase via a home CCTV camera and transferred the Bitcoin stored in a Trezor cold wallet without authorization in August 2023.
The judge noted that the plaintiff's claim of "conversion" typically applies only to tangible property under UK law, but ruled that the case could still proceed based on other legal grounds.
The Bitcoin in question is currently scattered across 71 on-chain addresses and has remained unmoved since December 2023. #regulation
Plaintiff Ping Fai Yuen alleged that his estranged wife, Fun Yung Li, snooped on his hardware wallet seed phrase via a home CCTV camera and transferred the Bitcoin stored in a Trezor cold wallet without authorization in August 2023.
The judge noted that the plaintiff's claim of "conversion" typically applies only to tangible property under UK law, but ruled that the case could still proceed based on other legal grounds.
The Bitcoin in question is currently scattered across 71 on-chain addresses and has remained unmoved since December 2023. #regulation
🇮🇱🔮 According to The Times of Israel, military correspondent Emanuel Fabian received death threats from Polymarket bettors who demanded he change his report on the March 10 Iranian missile strike on Israel. The prediction market pool attracted over $14 million in bets, with bettors wagering on whether Iran would strike Israel on a specific date. Bettors who wagered "No" demanded a change in the article from "a missile struck an open area" to "intercepted fragments," claiming the original report caused a $900,000 loss. Polymarket condemned this behavior, banning all involved accounts and planning to report their information to law enforcement. #regulation
🇻🇳📊 According to Reuters, Vietnam plans to draft new rules banning citizens from trading on overseas crypto platforms like Binance and OKX. The country aims to launch a pilot program for local compliant exchanges as early as this month. A Ministry of Finance document reveals that five companies, including affiliates of Techcombank, VPBank, LPBank, brokerage VIX Securities, and conglomerate Sun Group, have passed the initial screening. Chainalysis data indicates that Vietnam ranks 4th globally in crypto adoption, with annual trading volume exceeding $200 billion.
💸 #BTC mining company Cango reported a net loss of $452.8 million in its first year of operation as a mining company, according to The Block.
🌍 #PYPL PayPal Expands Stablecoin Access to 68 More Countries #stablecoin
🕵️ 500,000,000 #USDT (499,890,000 USD) transferred from Binance to Tether Treasury
📈 #XRP Santiment: XRP Ledger now has more than 7.7M holders (non-empty wallets) for the first time in its 13+ year history, as its usage continues to grow.
📉🤔 #BTC Bitcoin price–open interest divergence, signaling potential downside. If this lack of bullish positioning in the futures market continues, the current move could turn into a bull trap.
🕵️ 500,000,000 #USDT (499,997,000 USD) transferred from Tether Treasury to Binance
🇺🇸📝 #macro USA - ADP Nonfarm Employment (week) = +9k (expected — / prior +15.5k)
📊👀 #BTC The Cycle Extremes Index has reached 67.7% - entering the Bear Extreme zone
Bitcoin is now trading 40% below its ATH. The indicator shows an extreme bearish deviation across on-chain metrics - historically, levels like this have aligned more often with accumulation zones than with continued downside. As long as no black swan event hits the market.
Bitcoin is now trading 40% below its ATH. The indicator shows an extreme bearish deviation across on-chain metrics - historically, levels like this have aligned more often with accumulation zones than with continued downside. As long as no black swan event hits the market.
🕵️ 500,000,000 #USDT (500,032,500 USD) transferred from Tether Treasury to Binance