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According to Decrypt, a 24-year-old man from Connecticut, Elmin Redzepagic, faces up to 375 years in prison for allegedly embezzling nearly $1 million in cryptocurrency investor funds to gamble on the Stake platform.Prosecutors accuse him of posing as a cryptocurrency investment expert working for a market master named "The Chef," promising clients high returns while actually using the funds for gambling. Last month, a federal grand jury indicted him on 21 counts, including 7 counts of wire fraud, 11 counts of international money laundering, and 3 counts of making false statements to IRS criminal investigators.On Thursday, Redzepagic pleaded not guilty to all charges and was released on a $500,000 bail.

According to CoinDesk, the U.S. Senate's cryptocurrency market structure bill has stalled over issues related to stablecoin yields.Bankers insist on a complete ban on stablecoin yields, arguing that it threatens bank deposit operations; the Digital Chamber of Commerce released a principles document today in response, willing to forgo interest on static holdings of stablecoins but insisting on retaining reward mechanisms related to liquidity provision and ecosystem participation, especially in the DeFi space. The White House has urged both sides to reach a compromise by the end of the month and may schedule a new round of meetings next week. Digital Chamber of Commerce CEO Cody Carbone stated that if bankers refuse to negotiate, the status quo will be the continued existence of reward mechanisms.

According to official social media news, HTX DAO will appear as a gold sponsor at the 2026 Global Web3 Developer Conference (GWDC) at booth A1. Huobi HTX Global Advisor and core builder of HTX DAO, Sun Yuchen, will be present to deliver a keynote speech. HTX DAO ambassador Molly will also present an in-depth sharing titled "The Path of DAO: Decentralization without Dogma."This Global Web3 Developer Conference is hosted by Web3Labs and will be held from February 8 to 9, 2026, at Cyberport in Hong Kong. The conference will gather industry representatives from public chains, trading platforms, AI × Web3, RWA, infrastructure, investment institutions, and developer communities, aiming to create a Web3 developer event with diverse perspectives.

Huobi HTX "New Year's First Lesson" series course fifth lecture (advanced course) will officially start tonight at 7 PM, featuring special guest Chloe Zheng, Senior Researcher at HTX Research, with the course theme "Surge! Seizing the Hundredfold Track in Advance".The core focus of the course revolves around three major highlights:Understanding new regulatory rules: clarifying compliance boundaries and seizing the bonus window brought by institutional entry;Identifying potential tracks: breaking down the logic of stablecoins and RWA explosions to pinpoint hundredfold targets;Mastering practical paths: teaching you to use ETF/ETP + RWA tokenization tools to low-risk ambush high-certainty opportunities.This advanced course requires completing one public class's study and answering questions to earn credits; after completing the questions, you can secure your course seat.

According to The Block, Amboss Technologies has announced the launch of the P2P platform RailsX based on the Lightning Network, which is a peer-to-peer trading platform built on native FPGA for Bitcoin and stablecoin trading.RailsX enables atomic cross-asset swaps through self-paying loops on Lightning Network channels, allowing Bitcoin and stablecoin holders to trade directly while retaining custody.In addition, Rails is collaborating with Magnolia and Bringin to support connections with the traditional banking systems in the U.S. and Europe for fiat currency exchange.

On the occasion of Data Privacy Day, Bitget officially announces the appointment of MotoGP champion Jorge Lorenzo as its security ambassador. Both parties take this opportunity to launch a series of security education videos consisting of five modules, systematically explaining how to prevent phishing attacks, implement two-factor authentication, provide risk alerts, and understand core mechanisms such as the Bitget Protection Fund and reserve proof. This series uses Lorenzo's iconic "X-Fuera" racing perspective as a starting point to interpret how, within the UEX ecosystem, a broader vision and information access can enhance the safety and rationality of trading decisions.The related security education content is also linked to Bitget's anti-fraud center. This center will be launched in June 2025, continuously providing users with real-time fraud alerts and security tools. Currently, Bitget has a protection fund exceeding $300 million and insists on publishing monthly Merkle tree reserve proofs to ensure that user assets receive 1:1 full support.Jorge Lorenzo stated that both motorsport and the digital asset field need to achieve a precise balance between speed and security; Bitget CEO Gracy Chen also pointed out that through this collaboration, they hope to further enhance users' proactive awareness of digital asset security and promote continuous progress in the industry regarding transparency and security standards.

According to a report by Jiemian News, the Cambodian Ministry of Foreign Affairs issued a statement regarding the repatriation of Chen Zhi to China, stating that the decision was made in accordance with Cambodian law and complies with relevant judicial assistance and legal cooperation procedures. Regarding the revocation of Chen Zhi's Cambodian nationality, the Cambodian Ministry of Foreign Affairs stated that the decision strictly follows the provisions of the law. If a naturalized citizen is found to have obtained Cambodian nationality through forged documents or by providing false information during the application process, the government has the right to revoke their nationality in accordance with the law.The statement emphasized that such actions demonstrate Cambodia's ongoing commitment to strengthening international cooperation to maintain peace, stability, and socio-economic development, and effectively combat transnational crime activities.

Shenzhen IT man Li Dong (pseudonym) has been targeted by the police from Hunan and Henan provinces. A large amount of Bitcoin was found in his virtual currency wallet. The public security organs of Zhangjiajie City in Hunan and Changge City in Henan have both filed investigations against Li Dong, with the charge of "operating a casino." The Zhangjiajie police seized over 100 Bitcoins from Li Dong's account, converting them into more than 40 million yuan; the Henan police seized 80 Bitcoins from him, with a market value exceeding 40 million yuan.Later, Li Dong was not charged with "operating a casino." He was prosecuted by the Changge City People's Procuratorate in Henan for suspected theft and infringement of citizens' personal information. In January 2026, the case was publicly heard in the Changge City Court. After the court adjourned, it stated that a new hearing would be scheduled. Li Dong, born in the 1980s, is a network information security engineer, having studied information security in college. He has worked in network security technology for several well-known internet companies and later settled in Shenzhen, where he started and operated an internet company in recent years.According to his family, Li Dong began trading stocks and cryptocurrencies around 2016 and acquired some Bitcoins. However, the police later investigated and believed that the source of his Bitcoins was from another "channel." In September 2024, the Hunan Zhangjiajie Public Security Bureau summoned Li Dong on suspicion of "operating a casino." It turned out that in May of that year, the Zhangjiajie police launched an investigation into an online gambling case based on "anonymous reports," and Li Dong was listed as a suspect. The Zhangjiajie police seized 103 Bitcoins from Li Dong's digital wallet, converting them into over 49.61 million yuan. Soon after, Li Dong was released on bail. On the seizure decision and the bail release document, the charge against Li Dong changed from "operating a casino" to "illegally obtaining data from computer information systems."

According to monitoring by lookonchain, three days ago, the "gambler" address 0xD835 boldly shorted ETH using 3 million USDC, and its ETH short position currently has an unrealized profit of over 1.83 million dollars.Meanwhile, he further increased his bet by opening a new BTC short position with 40x leverage, with a position size of 323 BTC (approximately 30 million dollars).

At the BitMine shareholders' meeting, Chairman Tom Lee explained in detail the reasons for BitMine's $200 million investment in Beast Industries, owned by the famous YouTuber MrBeast: MrBeast is the most-watched creator globally, and his values align closely with those of the BitMine team at both the corporate and personal levels; BitMine becomes the company's largest corporate and strategic investor; this investment is seen as part of a long-term vision related to Ethereum, DeFi, and tokenization.

According to monitoring by The Data Nerd, 7 hours ago, Arrington Capital (0x40d...E15E) withdrew 5,500 ETH from Coinbase, worth $18.51 million.In addition, Amber (0xc47...BB68) and a wallet suspected to be related to Ethena (0xb5E...C24e) deposited 3,956 ETH into Coinbase and Binance, worth $13.24 million.

Caixin reported in "After Many Twists and Turns, Southeast Asian Gambling Kingpin She Lunkai is Extradited Back to China | Past Events · Future Events" that the only partner of She Lunkai's blockchain project "Asia-Pacific New City" is the Singapore blockchain company BCB Innovation Ltd. The Fincy payment software based on BCB's blockchain is also promoted within Asia-Pacific New City, aiming to create a Southeast Asian version of WeChat. Fincy and BCB share the same parent company and similar shareholders, providing fiat and cryptocurrency exchange transactions, as well as online gaming.Industry insiders point out that by offering exchanges between fiat and cryptocurrency and online games, it effectively introduces many unrelated participants, breaking down large sums of money into smaller amounts, which ultimately converge into a gambling platform disguised as a game, significantly weakening the regulation of the flow of funds.

According to the official announcement from KOLECT, the emotion-driven quantitative trading infrastructure platform KOLECT has completed a $1.2 million Pre-Seed round of financing, led by amber.ac, with participation from Wonder Capital Group, GC Capital, and others.The funds will be used to expand emotion data, a no-code strategy builder, backtesting capabilities, and CEX/DEX execution systems, aiming to transform the crypto market sentiment of over 3,000 KOLs into investable strategies.

According to Onchain Lens monitoring, Amber Group deposited 5,800 ETH (approximately $18.06 million) into Copper.

The National Bank of Cambodia announced yesterday that Prince Bank, a subsidiary of the Prince Group, has been placed in liquidation and is no longer allowed to conduct banking operations, including accepting deposits or providing loans.In the announcement released by the National Bank of Cambodia, it stated that this decision was made in accordance with the laws of the Kingdom of Cambodia. The National Bank of Cambodia has appointed Morison Kak MKA auditing firm as the statutory liquidator to take over the operations and asset disposal of Prince Bank. According to the announcement, from this day forward, Prince Bank must cease all new banking activities, including but not limited to the prohibition of opening new accounts or depositing new funds, and must stop the approval and issuance of various commercial and personal loans.The Ministry of Interior of Cambodia confirmed that Chen Zhi and his accomplices Xu Jiliang and Shao Jihui were arrested on January 6 and repatriated to China. The three are suspected of involvement in a large-scale transnational online fraud, with related charges brought by a U.S. court. The Cambodian nationality previously granted to Chen Zhi was officially revoked by royal decree in December 2025.

According to on-chain analyst Ai Yi's monitoring, the market makers for Binance's first HODLer project BREV in 2026 are Amber Group and GSR Markets.The two market makers received a total of 2 million tokens, with each receiving 1 million tokens distributed by the project team for market making, accounting for 0.8% of the initial circulating supply of the tokens. Currently, Amber Group (0x626...5080) and GSR Markets (0x023...602a) have successively deposited tokens to various exchanges.