Hong Kong police are investigating the JPEX virtual asset trading platform scam. Since September 2023, they have arrested 80 people and frozen assets worth approximately HKD 228 million. The case involves over 2,700 victims with losses exceeding HKD 1.6 billion. The police are conducting a new round of prosecutions and are still identifying the masterminds and accomplices behind the scenes.

Hong Kong police are investigating the JPEX virtual asset trading platform scam. Since September 2023, they have arrested 80 people, frozen assets worth approximately HKD 228 million, and over 2,700 victims are involved with a total amount of HKD 1.6 billion. Authorities are searching for the mastermind and accomplices.

On March 26, Hong Kong Financial Secretary Paul Chan Mo-po stated that the People's Bank of China and the Hong Kong Monetary Authority are exploring the feasibility of upgrading the digital yuan wallet to enhance usage limits and user experience. Currently, Hong Kong has opened 80,000 digital yuan wallets, with the number of accepting merchants increasing to 5,200, covering multiple consumption sectors.

Hong Kong Financial Secretary Christopher Hui stated that the People's Bank of China and the Hong Kong Monetary Authority are exploring upgrades to digital wallets to enhance usage limits and user experience. The digital yuan has made significant progress in Hong Kong, with a substantial increase in the number of wallets and merchant acceptance.

The Guangzhou Municipal People's Government has issued the "Implementation Plan for Promoting High-Quality Development of the Artificial Intelligence Industry in Guangzhou," encouraging breakthroughs in key technologies. The focus is on computing power, data, algorithms, and other areas, promoting AI chips, dynamic scheduling technology, and multimodal data fusion. The plan aims to advance automation toolchains in industrial quality inspection and financial risk control fields.

A survey shows that cryptocurrency is quite popular among young people in the UK, with 64% of left-leaning party supporters having heard of cryptocurrency. Although right-wing parties such as the UK Reform Party support the crypto industry, its appeal has transcended partisan lines. The government faces industry pressure on regulation, with slow progress in advancing it.

This week, the NFT market showed active trading with buyer numbers growing 100.75% to reach 236,771 people, and seller numbers increasing 141.83% to 295,021 people, but total transaction volume declined 31.63% to 903,279 transactions. Ethereum and Polygon performed outstandingly, particularly with Polygon's Courtyard series experiencing significant sales growth. Analysis indicates that despite the increase in buyers, the average purchase quantity per person has declined, resulting in limited overall sales growth.

South Korea's People Power Party proposes to cancel the 22% cryptocurrency gains tax set to take effect in 2027, arguing that the current tax system is immature and may cause unfairness, particularly affecting young investors. The party is concerned that strict taxation will lead to capital outflows, with 110 billion dollars already flowing out, affecting market activity. The bill is still under review, and whether it will pass remains uncertain. If it passes, it could boost market confidence and attract more investors.

Hong Kong's Secretary for Financial Services and the Treasury, Paul Chan, stated that the number of digital yuan wallets is growing steadily, with a cumulative total of approximately 80,000. The People's Bank of China and the Hong Kong Monetary Authority are exploring wallet upgrades to enhance usage limits and user experience. Additionally, stablecoins and central bank digital currencies have multiple payment application potential under compliance frameworks.

Figure CEO Brett Adcock announced the establishment of a new AI lab called Hark, aimed at developing the world's most advanced personal intelligence by integrating multimodal models with customized hardware. Hark has been operating secretly for 8 months, with plans to release its first AI model in summer. The team consists of approximately 45 people, expected to expand to 100, and has reached a computing power partnership with Nvidia. Adcock has previously founded multiple startups, while Figure continues to operate independently.