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Changqiao Securities issued a notice to implement the relevant industry supervision requirements during the two-year concentrated rectification period set by the China Securities Regulatory Commission, promoting the standardized development of cross-border securities business in mainland China. The following adjustments will be made to the services for existing investors' accounts in mainland China:Trading services in mainland China: New positions and additional purchases for all varieties, including stocks, are suspended; only sell and close positions operations are supported.Fund transfer services in mainland China: Fund transfers in are suspended, while transfers out remain normal, fully ensuring the safety of your funds.The above arrangements will take effect from June 12, 2026, Beijing time. This adjustment will not affect the services provided to existing investors outside mainland China, nor will it affect the safety of existing assets for all clients. Clients can normally check their accounts, holdings, and sell existing positions.On May 22, the China Securities Regulatory Commission announced that the illegal cross-border business activities of Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited violated Chinese securities, fund, and futures laws and regulations, disrupted market order, and must be resolutely cracked down on. According to relevant regulations, the CSRC intends to decide to confiscate all illegal gains of Tiger, Futu, and Changqiao's relevant entities both domestically and abroad, and impose severe penalties according to the law.

According to Shandong Legal News, a Bitcoin theft case prosecuted by the Li Cang District Prosecutor's Office in Qingdao has been sentenced. The defendant, Zhang, was sentenced to 10 years and 9 months in prison for theft and fined 100,000 yuan.In the early hours of a certain day in 2024, the virtual currency wallet of the victim, Feng, was quietly accessed, and 107 Bitcoins were transferred, equivalent to over 22.54 million yuan at the market price on that day. It was found that Feng had entrusted an acquaintance, Zhang, to assist with the operation. During the process of registering the wallet on behalf of Feng, Zhang obtained the mnemonic phrase, and after multiple attempts in the early morning, he cracked the wallet and transferred the Bitcoins. After being apprehended, Zhang claimed that his actions were a "protective takeover" to prevent the Bitcoins from being stolen by others. The prosecution traced the funds and found that the stolen Bitcoins were transferred multiple times and exchanged for over 660,000 yuan, exposing his lies.The prosecution determined that Bitcoin has economic value and exclusive control, meeting the core characteristics of "property" in criminal law, and can be the object of theft. The actual proceeds from the sale of the stolen Bitcoins, amounting to over 660,000 yuan, were used as the basis for the theft amount. After the defendant appealed, in November 2025, the Qingdao Intermediate People's Court ruled to dismiss the appeal and upheld the original sentence. This case is a typical example of Qingdao's legal punishment of crimes in the virtual currency field, clearly conveying the judicial stance: activities related to virtual currency must be conducted within the legal framework, and stealing others' virtual property also constitutes a crime.

Recently, the People's Procuratorate of Licang District, Qingdao City, Shandong Province, China, handled a Bitcoin theft case. The defendant, Zhang, obtained the mnemonic phrase while assisting an acquaintance in registering a virtual currency wallet, and later transferred 107 BTC in multiple transactions, equivalent to over 50 million yuan at current market prices. Zhang argued that his actions were a "protective takeover," but the prosecution found that he transferred the stolen BTC through multiple trading platforms and exchanged it for over 660,000 yuan. The Licang District Court sentenced Zhang to 10 years and 9 months in prison for theft and imposed a fine of 100,000 yuan; the second instance upheld the original judgment.Reports indicate that the prosecutor handling the case strictly adhered to laws and judicial policies, and after in-depth analysis, concluded that although China's regulatory policies deny the legal currency status of virtual currencies, they do not negate their property attributes, nor do they prohibit citizens from legally holding and circulating them. Bitcoin requires investment in computing power, funds, and other costs to acquire, which gives it economic value; rights holders can achieve exclusive control and management through private keys and mnemonic phrases, aligning with the core characteristics of "property" in criminal law, making it a target for theft. In determining the amount, since virtual currencies have no official pricing, the Licang District Procuratorate discarded market price estimates and used the actual proceeds from the crime of over 660,000 yuan as the amount for theft, ensuring accurate conviction, appropriate sentencing, and unity of guilt and punishment.

According to First Financial News, recently Futu and ChangQiao have both started to clean up accounts that opened with false documentation, as well as empty accounts with no assets or positions, processing the closure of these two types of accounts.At the same time, the Futu NiuNiu APP has added a new quick access entry for "Update Identity Information" in the "Account" section, along with a document titled "Instructions for Updating Identity Information," reminding customers that if they hold valid foreign identity proof, the completion of the information update will not affect any account transactions, fund deposits, or withdrawals, and other business functions.

According to e Company, Changqiao Securities has further clarified the recent regulatory matters regarding cross-border securities business in China. Changqiao Securities stated that the Hong Kong Securities and Futures Commission and the China Securities Regulatory Commission, along with other mainland regulatory departments, have recently issued the latest regulatory requirements for cross-border securities business, establishing unified industry standards for services aimed at mainland investors.These regulatory rules apply to all foreign financial institutions. Changqiao actively responds to the regulatory guidelines from both regions and will steadily advance compliance work in strict accordance with the relevant requirements. Changqiao Securities indicated that the scope of accounts targeted by this regulatory requirement is limited and clearly defined, mainly focusing on two types of accounts: first, investment accounts opened using suspicious or forged documents; second, investment accounts with zero balances. Customer accounts that are opened in compliance, with real assets and holdings, are not included in this cleanup. Changqiao firmly supports the regulatory attitude of zero tolerance towards fraudulent account opening behaviors and will handle matters strictly according to regulatory requirements.

According to Caixin, in response to the China Securities Regulatory Commission's investigation into Changqiao Securities and the proposed administrative penalties, Changqiao Securities stated that its licensed entities are regulated by overseas regulatory agencies such as the Hong Kong Securities and Futures Commission.Changqiao emphasized that customer funds are completely separated from the company's operating funds and are stored in independent custody bank accounts as required by regulations; the U.S. stocks and Hong Kong stocks held are respectively custodied by the Depository Trust & Clearing Corporation (DTCC) and Hong Kong Securities Clearing Company Limited (HKSCC), and are protected by the Hong Kong Investor Compensation Fund (ICF). At the same time, the company will strictly implement all rectification requirements and legally and compliantly promote relevant arrangements.

The China Securities Regulatory Commission has filed an investigation and issued a prior notice of administrative punishment against TigerBrokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited for illegal securities business operations by relevant entities both domestically and abroad.According to the notice, the relevant entities of Tiger, Futu, and Changqiao conducted securities trading marketing, processed trading instructions, and provided related securities business services to obtain relevant income without the approval of our commission and without obtaining the licenses for securities brokerage business and securities financing and margin trading business, violating the provisions of Article 120 of the Securities Law, thus constituting illegal operation of securities business.In accordance with the provisions of Article 202 of the Securities Law, Article 136 of the Securities Investment Fund Law, and Article 132 of the Futures and Derivatives Law, our commission intends to decide to confiscate all illegal gains of the relevant entities of Tiger, Futu, and Changqiao, and impose severe penalties according to the law. The parties involved have the right to make statements, defend themselves, and request a hearing regarding the administrative penalties to be imposed. Our commission will fully listen to the opinions of the parties involved before making an administrative penalty decision in accordance with the law.

According to the Financial Times, the Amsterdam company Qivalis has secured support from 37 European banks, including BNP Paribas, ING, and UniCredit, for its yet-to-be-launched euro stablecoin, making it the single euro stablecoin project with the most supporters in Europe.New supporters include ABN AMRO, Intesa Sanpaolo, and Rabobank. Qivalis has applied for a license from the Dutch central bank, aiming to receive approval in the second half of this year and plans to complete operational preparations upon receiving the license.

According to the Financial Times, Amsterdam-based Qivalis has secured support from 37 European banks for its yet-to-be-launched stablecoin, including BNP Paribas, ING Group, and UniCredit. The newly added 25 banks include ING Bank, Banco di San Paolo, and Rabobank.As executives and policymakers increasingly worry about the implications of the dollar's dominance in the crypto market, the support garnered by this single euro stablecoin project makes it the most supported stablecoin project in Europe. Qivalis has applied for a license from the Dutch central bank, hoping to obtain it in the second half of this year and aims to be operational when the license is issued.

According to GMGN market data, the meme coin "Haqimi" on the BNB Chain has a market capitalization exceeding $18 million, with a 10-minute increase of 62.52%.According to the Aster official website, it will launch "Haqimi" spot trading at 20:00.

According to Onchain Lens monitoring, in the past 48 hours, the whale "qianbaidu.eth" has sold a total of 338,084 HYPE, obtaining 13.4 million USDC at an average price of $39.65. This whale still holds 151,573 HYPE staked (5.89 million dollars).

CITIC International Auction in Hong Kong kicked off the "Spring Art Treasures Auction (Part Two)", with the core lot Lot 61 "Five Dynasties Chai Kiln Celadon Tombstone Base" achieving a record sale of HKD 660 million. This move not only refreshes the market height of the Chai Kiln system but also marks the official start of a new asset cycle in the art RWA ecosystem centered around $CHAI.Previously, the Chai Kiln system had a transaction record of approximately HKD 380 million, forming the initial price anchor for this system. The hammer price of HKD 660 million is an orderly upward exploration based on the existing anchor point, demonstrating the market's continued recognition of this asset class. Chairman Huang pointed out that continuously establishing a reference system through market mechanisms will further solidify the foundational role of $CHAI in on-chain value mapping and pricing.

After previously announcing the completion of a $200 million Series B financing, Shenzhen Zhongqing Robot Technology Co., Ltd. has now completed a Series B+ financing, with the specific scale and investors yet to be disclosed.According to official sources, after the completion of the Series B financing, Zhongqing Robot's valuation exceeded 10 billion yuan, placing it in the top tier of valuations in the domestic humanoid robot sector. Recently, the foreign investor representative of Zhongqing Robot, REDA NIDHAKOU, has resigned from the board of directors of Zhongqing Robot.

Multiple independent sources have confirmed to Caixin that the founding partner and director of a law firm in Chongqing has recently been taken away by relevant authorities. This lawyer is Peng Jing, the founding partner and director of Chongqing Jingsheng Law Firm. There is speculation that she has numerous connections with the officials who have recently fallen from grace.According to analysts, lawyers from law firms are usually not taken away by the Central Commission for Discipline Inspection, "but Peng Jing has a very large network, and her case involves too many people." On March 20, 2026, Chongqing Mayor Hu Henghua was reported to be under investigation, and on April 17, Luo Lin, a member of the Chongqing Municipal Committee and secretary of the Liangjiang New Area Committee, was also announced to have fallen. Reports from the local political and business circles in Chongqing suggest that the downfall of Hu Henghua and Luo Lin is related to bribery and money laundering through stablecoins, and "Peng Jing may be a key figure, helping others launder money under the guise of collecting legal fees." Sources indicate that in the Hu Henghua case, Lin Kechuang, the son-in-law of Lin Xiucheng, gave Hu Henghua 30.8 million USDT (approximately 210 million yuan, of which 10 million was for exchange fees). After Hu Henghua was investigated, the cold wallet was controlled, and authorities traced the funds from six other cold wallets held by Lin Kechuang; among them, a transfer of 15.5 million USDT that occurred simultaneously with Hu Henghua's was claimed by Lin Kechuang to have been sent to Luo Lin. Luo Lin was taken away by relevant authorities on April 14, 2026, and his home was searched on the evening of April 15, but this cold wallet was not found. Subsequently, authorities found Luo Lin's cold wallet at a third party's home.

Ali Qianwen announces the open-source Qwen-Scope------an interpretability module trained based on the Qwen3 series and Qwen3.5 series models, with application scenarios including directed control of inference results, data classification and synthesis, model training and optimization, evaluation sample distribution analysis and comparison, etc.The weights of this open-source Qwen-Scope involve 7 large models, covering the dense models and mixture of experts models of the Qwen3 and Qwen3.5 series, with a total of 14 groups of sparse autoencoder weights.

The 0G Foundation announced a partnership with Alibaba Cloud to launch on-chain access to the Qianwen large model for AI agents.This move shifts artificial intelligence infrastructure from centralized, API-based systems to programmable, tokenized access specifically designed for autonomous agents. Through this collaboration, 0G allows developers to directly embed access to Qianwen into their infrastructure via a token-based mechanism. This eliminates the need for traditional account management and enables on-demand programmable access to AI computation. Agents running on 0G can query the Qianwen large model to generate responses, process information, or execute tasks in real-time.Michael Heinrich, CEO and co-founder of 0G Labs, stated, "From a macro perspective, inference runs on Qianwen, and verification runs on 0G—this builds a more complete computational and trust foundation for autonomous AI systems. The integration of 0G with Alibaba Cloud's Qianwen marks a milestone, achieving the fusion of top-tier intelligence and trusted infrastructure."

The custodian service provider Fireblocks will be responsible for the issuance and distribution of the euro stablecoin by the Qivalis consortium, which is expected to launch in the second half of 2026, regulated by the Dutch central bank and in compliance with the EU's Markets in Crypto-Assets Regulation (MiCAR).Qivalis members include 12 European banks such as BBVA, BNP Paribas, ING, and UniCredit. Reports indicate that the current stablecoin market size is approximately $305 billion, of which about 99% are dollar stablecoins, and the euro stablecoin market size is around $650 million. Qivalis plans to enhance the application of euro stablecoins in institutional scenarios with compliant products.

According to reports from the official public account, Alibaba's Qianwen App has completed an upgrade of its "in-depth research" feature, adding a financial analysis module. In collaboration with Tonghuashun, it integrates real-time minute-level market data for over 13,000 stocks and consolidates approximately 1 million financial reports, announcements, and authoritative research reports from listed companies. Users can generate a complete in-depth research report with one click using pre-set analysis instruction templates. The report supports automatic generation of visual charts and can be exported in Word/PDF format.The core technological support for this upgrade is the Qianwen Agentic architecture, which has autonomous planning and execution capabilities. It can interpret user intent, automatically call real-time data, and integrate multi-source information to output conclusions, with all key data clearly indicating the original source.

On the 26th of this month, the Urumqi Public Security Bureau High-tech Zone (New City District) reported that the Ergong Township Police Station discovered a suspected illegal repair site for electronic "mining machines" during a patrol in its jurisdiction. Police found an abnormal warehouse in a small micro-enterprise park on Yuhang Road in the New City District, where a large number of disassembled and awaiting repair mining machine equipment was piled up, suspected of violating China's relevant prohibitions on the production, sale, repair, leasing, and custody of "mining machines."During the enforcement process, the police also found serious safety hazards at the site, including unauthorized electrical wiring, fire safety facilities not undergoing annual inspections as required, and the absence of a fire management system, posing significant risks of fire and electric shock.After counting, a total of 310 mining machine devices awaiting repair were legally seized on-site, and relevant evidence has been secured. The parties involved have been ordered to immediately cease illegal activities. The case has now been transferred to the relevant departments for further handling.