PANews January 20 News, according to The Paper, Shenzhen IT professional Li Dong was placed under investigation by the police in Zhangjiajie, Hunan, and Changge, Henan, on charges of “running a casino” due to holding a large amount of Bitcoin. Zhangjiajie police seized 103 BTC from him and liquidated nearly 50 million RMB, while Changge police seized 80 BTC, with a total value of over 80 million RMB. The case was later transferred to charges of “theft” and “infringement of citizens’ personal information.” It was heard in Changge City Court in January, and the court announced a recess, with a retrial scheduled.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
This week: Fed Chair Powell’s final press conference—plain-language communication signals a shift in the policy stance
Federal Reserve Chair Jerome Powell will hold what will be his final formal press conference of his tenure this week. This article reviews the patterns of cryptocurrency market volatility before and after each major policy shift during Powell’s term (rate cuts, rate hikes, and balance sheet runoff), and analyzes the potential impact that changes in transparency may have on the liquidity of crypto assets.
GateInstantTrends2m ago
Bitcoin Spot ETFs See $824M Net Inflows Last Week, Four Consecutive Weeks of Positive Flows
Gate News message, April 27 — Bitcoin spot ETFs recorded $824 million in net inflows last week (April 20-24, ET), marking the fourth consecutive week of positive flows, according to SoSoValue data.
BlackRock's IBIT led all funds with $733 million in weekly net inflows, bringing its all-time total n
GateNews46m ago
Crypto Market Surges Across Multiple Sectors; RWA Leads with 4.81% Gain, BTC Breaks $79K
Gate News message, April 27 — According to SoSoValue data, the crypto market showed broad-based gains on April 27. The RWA sector led with a 24-hour increase of 4.81%, featuring Pendle (PENDLE) up 7.39%, Centrifuge (CFG) up 7.17%, Ondo Finance (ONDO) up 5.44%, and Keeta (KTA) up 5.89%.
Major assets
GateNews1h ago
Crypto Exchanges See 15,952 BTC Outflows Over Past Week, Balances Drop to 2.447M
Gate News message, April 27 — According to Coinglass, cryptocurrency exchanges experienced cumulative outflows of 15,952.91 BTC over the past week, bringing total exchange balances to 2.447 million BTC.
Leading exchanges accounted for the majority of outflows: one major exchange moved 6,269.08 BTC,
GateNews3h ago
Bitcoin 8-Hour Average Funding Rate Turns Negative at -0.0024%
Gate News message, April 27 — According to Coinglass data, Bitcoin's 8-hour average funding rate across major exchanges has turned negative at -0.0024%, indicating a shift toward bearish sentiment among traders.
Funding rates vary across platforms: certain major CEXs are charging 0.0003%
GateNews3h ago
Whale pension-usdt.eth's $110M Short on BTC and ETH Down $15.25M as April Rally Continues
Gate News message, April 27 — According to on-chain analyst Yujin's monitoring, whale pension-usdt.eth opened a 3x leveraged short position on $110 million worth of BTC and ETH near the start of April, but has since incurred a floating loss of $15.25 million as prices rallied throughout the month.
GateNews3h ago
