Gate News reports that, as of March 31, Ant Group has completed the settlement of its acquisition of Hong Kong stablecoin concept stock Yao Cai Securities, acquiring 50.55% of its equity for HK$2.814 billion. Following the completion of the transaction, Yao Cai Securities' board of directors has undergone a comprehensive reshuffle. Zheng Yanlan, currently head of the overseas business preparation team for the Ant Wealth segment under Ant Group; Huang Hao, currently a senior vice president of Ant Group; and Liu Zheng, currently chief financial officer of Ant Group, among others, have been appointed as executive directors.

Alibaba Group Chairman Joe Tsai stated that AI's potential lies in the application layer, promoting popularization to benefit society. China plans to achieve comprehensive AI empowerment by 2030, with intelligent application penetration exceeding 90%. Alibaba will focus on innovation to seize market opportunities.

Gate News: On March 17, Yao Cai Securities Finance (01428.HK) surged significantly after resuming trading today, with gains exceeding 50%, now trading at HK$14.040. Previously, the company announced that the merger offer initiated by Ant Group has been approved by relevant Chinese authorities, with the transaction expected to be completed on March 30. The company's stock resumed trading today.

PANews February 24 News, according to Sing Tao Daily, a Hong Kong investment company providing cryptocurrency settlement platforms has about 20 clients reporting the loss of 2.67 million USDT, with a total loss of approximately HKD 20.87 million. After an investigation, police arrested a 34-year-old network engineer surnamed Cai yesterday. The individual is suspected of using his position to access the company's database without authorization, query client account information, and is suspected of stealing digital assets. This case is now handled by the Ninth Team of the Criminal Investigation Division of Yau Tsim Police District in Hong Kong, and several officers have visited the company to collect evidence.

Bitcoin has fallen 5% in the past 24 hours, dropping to a low of $85,694, and is currently hovering around $86,800, a pullback of 31% from its historical high. Over the past month, the cumulative decline has exceeded 21%, with high Beta assets like Ethereum and Ripple also experiencing declines of 5.6% and 6.5%, respectively. Market risk aversion has increased, with CoinGlass data showing total liquidations reaching $637 million, of which long positions accounted for $568 million. SynFutures COO Wenny Cai stated that this round of plunge is due to a "momentum-driven accelerated fall" that triggered large-scale long positions liquidations, with further liquidation driving spot and derivatives sell-offs, creating a chain reaction. Another core factor of market panic comes from MicroStrategy CEO Phong Le's remarks — if dividends need to be paid at a price below 1x mNAV, the company "may sell Bitcoin." MicroStrategy holds approximately 649,870 Bitcoins, worth over $56 billion, and their statement has raised investor concerns about supply pressures.

Odaily News According to Yaocai Securities Financial Announcement, Yaocai Securities and Ant Group have signed a revised protocol to extend the acquisition offer period by 4 months, with the final deadline updated to March 25, 2026. The announcement also notes that there remains uncertainty regarding the fulfillment of transaction conditions and the final outcome. According to regulatory requirements in both regions, Ant's acquisition of Yaocai must obtain approval from the Hong Kong Securities and Futures Commission and the National Development and Reform Commission of China. The Hong Kong Securities and Futures Commission approved the application on September 23, and the filing with the National Development and Reform Commission shows that it is progressing as planned. (Jin10)

PANews, November 19 - According to reports from Wu Shuo, the Ethereum DAT project led by Li Lin, Shen Bo, Xiao Feng, and Cai Wensheng has been suspended, and approximately $200 million in funds that had been raised have been returned. The plan was originally intended to use a Nasdaq shell company structure to initially purchase about $1 billion in ETH, with funding including approximately $200 million from Avenir and about $500 million from Asian institutions. Industry insiders say the suspension may be related to the bear market following the "1011 incident" and the decline in stock prices of several DAT companies. Whether to restart is still uncertain, and related parties have stated that they will prioritize investor interests and continue to observe the market to act accordingly.