Gate News reports that on March 29, the police in Chenzhou, Hunan province, uncovered a new type of investment fraud case involving virtual currency called "two golds for cash." They intercepted 7 packages of gold related to the fraud and seized 310 grams of gold. The police investigation revealed that the criminals lured victims under the guise of investment and financial management, encouraging them to purchase gold offline and send it to designated addresses. The illicit funds were then repeatedly circulated through virtual currency exchanges and overseas account transfers. The involved gold is currently being gradually returned to the victims, and the case is still under further investigation.

The UK has imposed new sanctions on Southeast Asian scam networks, naming Chen Zhi and his long-time collaborator Hu Xiaowei, and sanctioning the cryptocurrency exchange "New Coin," alleging that it supports fraudulent activities.

Gate News reports that on March 29, Trump delivered a speech at the Future Investment Initiative Summit held in Miami, emphasizing the significant influence of Bitcoin and that the U.S. should maintain a leading position in this field. He stated that more and more users want to use virtual assets, especially Bitcoin, for payments, and the U.S. needs to be at the forefront of relevant development trends.

The UK imposed sanctions on scam networks in Southeast Asia, including Hu Xiaowei, who is closely linked to the founder of the Cambodian royal prince group, Chen Zhiming, whom it refers to as "Wu Anming." It also stated that he is a long-term collaborator of Chen Zhiming and provides support. At the same time, a virtual currency trading platform was also sanctioned for offering crypto services that facilitate scams.

Gate News report, on March 28, in Miami, Florida, President Trump stated at the Future Investment Initiative (FII) summit that Bitcoin is very powerful, and the United States must stay ahead in this trend. He emphasized that many people currently want to use virtual assets (especially Bitcoin) for payments, and the U.S. must be at the forefront of this trend.

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.

Gate News reports that on March 26, a leading polysilicon company in Xinjiang (a core raw material for the semiconductor and photovoltaic industries) was fined and had its illegal gains confiscated by regulators for illegally supplying power to virtual currency mining activities. The total penalty exceeded 100 million yuan. It is understood that local authorities are intensifying supervision of virtual currency mining, requiring comprehensive inspections and strictly prohibiting companies from illegally re-selling power in any form. Currently, Xinjiang has explicitly classified virtual currency mining as an industry to be phased out, and related enforcement actions are ongoing.

Alchemy Pay announces that its Hong Kong strategic investor HTF Securities has received approval from the Hong Kong Securities and Futures Commission to upgrade to virtual asset trading services, covering both professional and retail investors. Meanwhile, Alchemy Chain stablecoin payment public chain launched its testnet in March, with over 150,000 test addresses.