The ringleader of the 60,000 Bitcoin money laundering case, Qian Zhimin, was sentenced to 11 years and 8 months in the UK.
From 2014 to 2017, Qian Zhimin used the platform of "Lantian Ge Rui Company" in Tianjin, China, to illegally raise funds from over 128,000 investors across 31 provinces and cities in the country, with the case amounting to approximately 43 billion yuan (about 6 billion USD). Subsequently, she converted the massive proceeds from the fraud into about 61,000 Bitcoins, fled to the UK, and disguised her money laundering activities through the purchase of real estate, luxury cars, and jewelry.
The Southwark Crown Court in London announced the verdict on November 11. This case is considered one of the largest cryptocurrency money laundering cases in UK history, with a significant amount involved and a rare quantity of Bitcoins implicated. The disposal of related assets and compensation for victims is still ongoing.
Rumble partners with Tether to reach a $100 million advertising collaboration, expanding content and digital advertising landscape.
Video platform Rumble announced a $100 million advertising partnership with stablecoin issuer Tether. The agreement spans two years, with an annual investment of about $50 million, expected to launch in the first quarter of 2026. Additionally, Tether will purchase high-performance GPU services from Rumble's cloud and AI infrastructure, amounting to as much as $150 million.
Brazil's central bank bans algorithmic stablecoins, strengthening cryptocurrency regulatory framework.
The Central Bank of Brazil officially announced a ban on the issuance and circulation of algorithmically-based stablecoins, citing that such assets lack sufficient reserve support and may pose risks to the stability of the financial system. The central bank stated that only stablecoins fully backed by fiat currency or highly liquid assets may operate within Brazil.
The Hong Kong government plans to issue multi-currency digital green bonds to solidify its status as an international financial hub.
The Hong Kong government announced plans to issue digital green bonds denominated in US dollars, Hong Kong dollars, euros, and renminbi, making it the world's first sovereign-level digital bond project covering four major currencies. The initiative aims to promote the integration of green finance and financial technology, enhancing the efficiency and transparency of cross-border settlements. The Financial Secretary stated that this move will further solidify Hong Kong's position as an international center for green finance and digital assets, providing a model for future blockchain bond issuances.
Kyrgyzstan issues national stablecoin USDKG, with an initial scale of approximately 50.14 million.
The Central Bank of Kyrgyzstan announced the official issuance of the national digital stablecoin USDKG, with an initial issuance scale of approximately 50.14 million. USDKG is pegged to the US dollar and aims to provide a digital, stable monetary tool for the domestic payment system while promoting the development of financial technology and the digital economy.
Polymarket becomes Yahoo Finance's exclusive prediction market partner.
Polymarket announced a partnership with Yahoo Finance, becoming its exclusive prediction market platform partner. This collaboration will integrate Polymarket's decentralized prediction market with Yahoo Finance's news and data services, providing users with real-time, tradable market prediction tools covering events in politics, economics, and technology.
Sui launches native stablecoin USDsui, issued by Bridge, a subsidiary of Stripe.
Blockchain project Sui announced the launch of its native stablecoin USDsui, issued and managed by Bridge, a subsidiary of Stripe. USDsui will be pegged to the US dollar, aiming to provide a high liquidity, low volatility payment and trading medium for the Sui ecosystem.
Circle explores issuing a native token on the Arc network, with third-quarter revenue reaching $740 million.
Circle is researching the issuance of a native token on the Arc network to further expand its digital asset ecosystem. The company also disclosed its third-quarter financial report, with total revenue and reserve income reaching $740 million, indicating that its stablecoin business and reserve management continue to maintain strong growth. Circle stated that the new token plan will focus on supporting cross-chain payments and DeFi applications.
Trump signs temporary funding bill, ending the US government shutdown.
Former US President Trump signed a temporary funding bill, ending the partial government shutdown caused by a budget impasse. The bill provides short-term funding support for the federal government, ensuring the continued normal operation of public services, social security, and military operations.
Trump stated during the signing ceremony that the government shutdown resulted in approximately $1.5 trillion in losses, but calculating the overall impact of the losses would take weeks or even months.
Token Unlocks
Astar will release 9.72 million ASTR tokens on November 17, accounting for approximately 0.22% of the current circulating supply.
Nyan Heroes will release 5 million NYAN tokens on November 17, accounting for approximately 2.82% of the current circulating supply.
OmniFlix Network will release 8.84 million FLIX tokens on November 17, accounting for approximately 1.71% of the current circulating supply.
ZKsync will release 173.08 million ZK tokens on November 17, accounting for approximately 3.37% of the current circulating supply.
Solv Protocol will release 40.14 million SOLV tokens on November 17, accounting for approximately 1.82% of the current circulating supply.
ApeCoin will release 15.6 million APE tokens on November 17, accounting for approximately 1.66% of the current circulating supply.
Bubblemaps will release 10.5 million BMT tokens on November 18, accounting for approximately 2.3% of the current circulating supply.
Melania Meme will release 26.25 million MELANIA tokens on November 18, accounting for approximately 5.04% of the current circulating supply.
Oasis will release 56 million ROSE tokens on November 18, accounting for approximately 0.86% of the current circulating supply.
Slash Vision Labs will release 4.81 million SVL tokens on November 18, accounting for approximately 0.06% of the current circulating supply.
Polyhedra Network will release 15.53 million ZKJ tokens on November 19, accounting for approximately 4.02% of the current circulating supply.
Vulcan Forged will release 39.68 thousand PYR tokens on November 19, accounting for approximately 0.12% of the current circulating supply.
YZY will release 37.5 million YZY tokens on November 19, accounting for approximately 12.5% of the current circulating supply.
Pixels will release 91.18 million PIXEL tokens on November 19, accounting for approximately 4.16% of the current circulating supply.
LayerZero will release 25.71 million ZRO tokens on November 20, accounting for approximately 7.29% of the current circulating supply.
KAITO will release 8.35 million KAITO tokens on November 20, accounting for approximately 2.97% of the current circulating supply.
DeLorean will release 387.1 million DMC tokens on November 21, accounting for approximately 9.24% of the current circulating supply.
SPACE ID will release 12.65 million ID tokens on November 22, accounting for approximately 1.02% of the current circulating supply.
Tornado Cash will release 91.67 thousand TORN tokens on November 22, accounting for approximately 0.93% of the current circulating supply.
Euler will release 31.59 thousand EUL tokens on November 22, accounting for approximately 0.12% of the current circulating supply.
MBG By Multibank Group will release 15.84 million MBG tokens on November 22, accounting for approximately 9.2% of the current circulating supply.
Karrat will release 15.11 million KARRAT tokens on November 23, accounting for approximately 5.74% of the current circulating supply.
Meteora will release 7.22 million METT tokens on November 23, accounting for approximately 1.68% of the current circulating supply.
Morphware will release 10.27 million XMW tokens on November 23, accounting for approximately 1.07% of the current circulating supply.
Self Chain will release 1.52 million SLF tokens on November 23, accounting for approximately 0.73% of the current circulating supply.
Undeads Games will release 2.15 million UDS tokens on November 23, accounting for approximately 1.49% of the current circulating supply.
Voxies will release 1 million VOXEL tokens on November 23, accounting for approximately 0.43% of the current circulating supply.
Avail will release 220.24 million AVAIL tokens on November 23, accounting for approximately 6.65% of the current circulating supply.
SOON will release 15.21 million SOON tokens on November 23, accounting for approximately 4.33% of the current circulating supply.
Animecoin will release 66.43 million ANIME tokens on November 23, accounting for approximately 1.13% of the current circulating supply.
MMX will release 7.64 million MMX tokens on November 23, accounting for approximately 3.7%.
Related: The ringleader of the Bitcoin (BTC) money laundering case in the UK, Qian Zhimin, was sentenced to 11 years and 8 months, with the disposal of the illicit funds still pending.
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