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Who Is Chen Zhi? Inside the $75B Crypto Scam Empire

_Chen Zhi ran a $10B crypto scam using 100,000 slaves. His empire included banks, casinos, and hotels before his 2025 extradition._
The cybersecurity research group vx-underground recently shared shocking details about Chen Zhi’s criminal network. Their findings reveal an operation so vast it de
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South Korea Allocates 25% of $499B Budget in Crypto by 2030

_South Korea plans to devote a quarter of its 499 billion budget to digital tokens by 2030, starting with subsidies on electric vehicles in 2026 as part of the Project Hangang CBDC system._
South Korea demonstrated bold intentions to transform fiscal control using digital currency. By 2030, the
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Bitcoin on Exchanges Now Seizable, South Korean Supreme Court Confirms

Key Insights:
_The South Korean Supreme Court has now officially classified Bitcoin held on digital exchanges as seizable property under criminal law._
_This ruling clarifies that investigators can seize electronic information with economic value just like physical objects._
_Legal
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How a Web3 Founder Fell Victim to The Notorious North Korean “BeaverTail” Malware

_Web3 founder Akshit Ostwal lost $20K to North Korea’s BeaverTail malware in a sophisticated crypto scam targeting developers._
The Web3 space recently faced a harsh reminder this week. Akshit Ostwal, the co-founder of Epoch Protocol, lost over $20,000 after helping a friend with what appeared t
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Grayscale Takes Early Step Toward BNB, HYPE ETFs

_Grayscale forms Delaware trusts for BNB and HYPE ETFs, signaling expansion plans, regulatory preparation, and a shift from conservative product strategy._
Grayscale has taken an early administrative step toward expanding its crypto investment lineup. According to Delaware records, the asset
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Dollar Weakens as Gold and Bitcoin Gain Ground in Global Reserves

Key Insights:
_The US dollar’s share of global reserves falls to 40%, marking its lowest level in over two decades._
_Gold climbs to 28% of reserves, overtaking euro, yen, and pound combined for the first time._
_ETFs, firms, and governments now control a meaningful share of Bitcoin’s f
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$15 Billion Bitcoin Seizure: How Billionaire Chen Zhi Built a Global Crypto Scam and Lost It All

_Cambodia extradites billionaire Chen Zhi to China over a global crypto scam tied to forced labour and a record $15B bitcoin seizure._
Cambodian authorities recently extradited billionaire Chen Zhi to China to face charges for a massive crypto scam. 
This move follows his arrest on January 6 al
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Cardano (ADA) Signals Breakout As Analysts Eye $0.84 Return

Key Insights:
_Cardano successfully broke out of a multi-week consolidation range and is indicating a shift from a neutral trend to a bullish outlook._
_Technical indicators such as the MACD and RSI show that selling pressure is fading as buyers defend the important $0.40 support
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Can SUI Find Its Footing Again Above $2?

Key Insights
_SUI is currently battling a 4% daily drop as selling pressure increases near the important $1.80 level._
_Trading volume has fallen by over 32% since yesterday. This indicates a strong decline in market participation and trader activity._
_Technical indicators like the
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Solana Network Grows as SOL Price Stalls Below Key Resistance

_Solana shows strong growth in usage and institutional demand, yet SOL price continues to trade sideways as it struggles to clear major resistance._
Solana has remained under price pressure despite clear growth across its network. Trading activity and user numbers continue to rise, showing
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Morgan Stanley to Add Bitcoin, Ether, Solana Trading via E*Trade

_Morgan Stanley plans crypto trading on ETrade in 2026, expanding digital assets, private markets, tokenization efforts, and wallet services for investors._
Morgan Stanley is advancing a broad digital asset strategy across wealth management and private markets. The firm plans to introduce crypto
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Ripple Taps AWS Bedrock to Streamline XRPL Log Analysis with AI

_Ripple partners with AWS Bedrock AI to speed up XRPL log analysis, cutting process time from days to minutes for better network efficiency._
Ripple is testing Amazon Web Services’ (AWS) Amazon Bedrock AI to speed up log analysis for the XRP Ledger (XRPL).
This move aims to reduce the time it
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Trust Wallet Security Hack: How to Safeguard Your Assets

Recent security incidents linked to wallet software have once again highlighted a central truth of crypto ownership: self-custody comes with responsibility.
Following reports tied to a browser extension issue involving Trust Wallet Hack, users across the ecosystem are reassessing how they
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Florida Proposes Bold Bitcoin Reserve Plan
Florida lawmakers have filed three bills to establish a state-operated crypto reserve for Bitcoin, requiring a minimum $500 billion market cap for qualified digital assets. The proposals aim to align with federal initiatives and address past legislative failures, while critics raise concerns about volatility in cryptocurrency investments.
ai-iconThe abstract is generated by AI
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