Author: 行政
Taipei’s District Prosecutors’ Office indicted 62 individuals and 13 companies on March 4 for allegedly laundering US$337 million through Taiwan on behalf of the Cambodia-based Prince Group. The alleged ringleader, Chen Zhi, faces a maximum 13-year term in Taiwan and up to 40 years in US federal proceedings that began in October 2025. Prosecutors have seized NT$5.5 billion (US$172 million) in assets, including properties and high-end vehicles. Taipei prosecutors indicted 62 individuals and 13 companies on March 4 for allegedly laundering US$337 million (AU$516 million) through Taiwan for the Cambodia-based Prince Group, a network the U.S. Department of Justice designated…
A former senior Seoul Metropolitan Police Agency officer received a six-year prison sentence and a 100 million won fine for accepting about 120 million won. The payments, roughly 50 million won in cash and 70 million won as “entertainment fees”, were accepted between December 2023 and March 2024 while the officer held direct responsibility for investigating crypto fraud. The Uijeongbu District Court’s Goyang branch ruled the conduct “greatly undermines the fairness and appropriateness of the job and social trust”. A former senior officer with the Seoul Metropolitan Police Agency has been sentenced to six years in prison for accepting bribes…
Bitcoin slid to $63,030 after US-Israel strikes on Iran triggered a risk-off cascade across markets. From there, BTC rallied to $74,000 intraday on Mar. 4, a roughly 17% rebound.As of press time, Bitcoin trades at $73,613, up 7.7% in the past 24 hours. The move recaptured much of the selloff, but whether it holds depends on a handful of levels and liquidity signals that on-chain data identifies as critical.To hold the rally, BTC needs to turn the $70,000 weekly-close ceiling into support. Otherwise, $70,000 remains an overhead distribution band, with the $60,000-$69,000 demand zone still the real bid below. Related…
Kraken Financial received a Federal Reserve master account from the Federal Reserve Bank of Kansas City on March 4, becoming the first digital asset firm to gain direct access to Fedwire. The Bank Policy Institute, representing JPMorgan Chase, Bank of America, Wells Fargo, and Goldman Sachs, said the approval “front-runs” a formal policy framework the Fed has yet to finalise. The Independent Community Bankers of America warned the decision creates a two-tiered system in which crypto-focused institutions access payment rails without the same regulatory oversight applied to chartered banks. US banking trade groups criticised the Federal Reserve’s decision to grant…
Morgan Stanley has appointed BNY Mellon and Coinbase Custody to safeguard Bitcoin for its proposed Morgan Stanley Bitcoin Trust ETF. Most of the fund’s Bitcoin will be stored offline in cold storage, with smaller amounts moved to hot wallets to facilitate ETF share creation and redemption. BNY Mellon will also serve as administrator, transfer agent and cash custodian, while Coinbase will act as the fund’s prime broker. Morgan Stanley has designated Bank of New York Mellon and Coinbase Custody Trust Company to hold the Bitcoin associated with its proposed Morgan Stanley Bitcoin Trust exchange-traded fund, according to filings made with…
A Tether stablecoin has finally been certified by a Big Four accounting firm — but it’s for its recently-launched USA₮ coin, a dollar-pegged stablecoin issued by Anchorage Digital bank. The reserve holdings attestation was delivered by Deloitte, confirming the stablecoin has sufficient reserves for USA₮, which was specifically designed to comply with GENIUS Act regulations in the US — rather than replace USDT. Questions around reserve holdings of Tether’s flagship stablecoin USDT — the market’s largest dollar-pegged token — remain unresolved. The reserve holdings of a Tether-developed, US dollar-backed stablecoin have been certified by a Big Four independent accounting firm…
Ethereum rally above $2,100 follows a sharp spike in open interest. A break above the resistance at $2,175 could open the path toward $2,500. Large ETH withdrawals from exchanges point to tightening supply. Ethereum has climbed above the $2,100 after a strong daily rally that pushed the asset higher amid renewed interest in derivatives markets. The move follows a period of consolidation that had kept the price trapped near the $2,000 level for several sessions. The surge has now placed the $2,500 region firmly on the radar of short-term traders. At the same time, comments from Vitalik Buterin about the…
A social media post on Tuesday by Donald Trump urging banks to make a deal with crypto firms on stablecoin yield won’t be enough to unstick CLARITY Act negotiations, said TD Cowen analyst Jaret Seiberg. In an investor note sent Wednesday, Seiberg wrote that Trump must get involved in talks directly to help move the bill forward, but believes that’s unlikely while the Middle East conflict continues. A recent social media post by US President Donald Trump urging banks to cut a deal with the crypto industry so the CLARITY Act can progress won’t be enough to get the legislation…
Australia could unlock $24B annually from digital finance reforms, equal to roughly 1% of GDP. Efficiency gains are concentrated in markets, payments and tokenised assets, led by foreign exchange. Without faster regulatory reform, only $1B may be realised by 2030, prompting calls for sandbox and licensing changes. Australia risks missing out on $24 billion in annual digital finance gains unless it accelerates regulatory reform, according to research backed by OKX. The projected dividend, equivalent to about 1 per cent of GDP, is tied to advances in tokenised markets, digital payments and financial assets. The report, produced by the Digital Finance…
Kraken has cleared a regulatory hurdle that crypto firms have chased for years: direct access to the Federal Reserve’s core payments infrastructure.On March 4, the exchange said its Wyoming-chartered bank, Kraken Financial, has been granted a Federal Reserve master account, allowing it to settle US dollar payments directly over Fed rails instead of routing transfers through sponsor banks.The US Fed confirmed that the crypto firm’s bank was granted approval as a Tier 3 entity with a limited-purpose account authorized for an initial one-year term.This approval gives the digital-asset industry a practical example of what more direct access to the US…