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HTX data showed that BTC fell below 63000  USDT and is now at 62998.64 USDT, with a decrease of 3.03% in 24H.

[BTC fell below 63000  USDT] HTX data showed that BTC fell below 63000  USDT and is now at 62998.64 USDT, with a decrease of 3.03% in 24H.

BTC fell below 63000  USDT

zama Surges 10.17% in 24H, Currently at 0.022921 USDT

【zama currently trades at 0.022921 USDT, up 10.17% in 24h, according to HTX market data.】zama Surges 10.17% in 24H, Currently at 0.022921 USDT

zama currently trades at 0.022921 USDT, up 10.17% in 24h, according to HTX market data.

according to Caixin, on February 16 and 17, the UK High Court held a two-day asset disposal hearing for a money laundering case involving 60,000 bitcoins. According to the information disclosed at the hearing, more than 11,300 Chinese victims intend to submit claims to the UK High Court. However, this accounts for only 8.8% of the 128,409 victims. More than ten thousand people are making cross-border claims, and the registration deadline for the recovery of 60,000 bitcoins in the UK is May 22.

[Caixin: Over 10,000 people have filed cross-border lawsuits in the Qian Zhimin case; registration for the UK's pursuit of 60,000 bitcoins closes on May 22.]according to Caixin, on February 16 and 17, the UK High Court held a two-day asset disposal hearing for a money laundering case involving 60,000 bitcoins. According to the information disclosed at the hearing, more than 11,300 Chinese victims intend to submit claims to the UK High Court. However, this accounts for only 8.8% of the 128,409 victims. More than ten thousand people are making cross-border claims, and the registration deadline for the recovery of 60,000 bitcoins in the UK is May 22.

Caixin: Over 10,000 people have filed cross-border lawsuits in the Qian Zhimin case; registration for the UK's pursuit of 60,000 bitcoins closes on May 22.

On February 24, Wang Chuang, head of the Civil Division II of the Supreme People's Court, stated at the press conference on "The People's Court's Civil and Commercial Trial Service Guaranteeing High-Quality Economic and Social Development" that "in the future, efforts will focus on promoting the formulation of judicial interpretations on civil compensation for insider trading and market manipulation in the securities market, deeply researching judicial response measures for new types of financial cases such as private equity funds and virtual currencies, and improving the financial judicial protection system."

[Supreme People's Court: Conduct in-depth research on judicial response measures for new types of cases involving virtual currencies, and improve the financial judicial protection system.]On February 24, Wang Chuang, head of the Civil Division II of the Supreme People's Court, stated at the press conference on "The People's Court's Civil and Commercial Trial Service Guaranteeing High-Quality Economic and Social Development" that "in the future, efforts will focus on promoting the formulation of judicial interpretations on civil compensation for insider trading and market manipulation in the securities market, deeply researching judicial response measures for new types of financial cases such as private equity funds and virtual currencies, and improving the financial judicial protection system."

Supreme People's Court: Conduct in-depth research on judicial response measures for new types of cases involving virtual currencies, and improve the financial judicial protection system.

&nbsp;former payment and digital asset practitioner Aaron announced that his founded company Rhythmic has completed a $4 million seed round led by Dragonfly, with participation from Mirana, The Fintech Fund, and others. Rhythmic is building a financial infrastructure platform for consumer internet companies, embedding accounts, stored value, cards, and reward systems natively into products, with stablecoins handling fund flow and settlement at the underlying level. For users, the front end only reflects "holding balances, earning rewards, and spending freely," without directly interacting with wallets or the concept of "using stablecoins." The funding round will be used to improve the core platform, connect with the first batch of partners, and expand the engineering and compliance teams.

[Rhythmic raises $4 million in seed funding, led by Dragonfly.]&nbsp;former payment and digital asset practitioner Aaron announced that his founded company Rhythmic has completed a $4 million seed round led by Dragonfly, with participation from Mirana, The Fintech Fund, and others. Rhythmic is building a financial infrastructure platform for consumer internet companies, embedding accounts, stored value, cards, and reward systems natively into products, with stablecoins handling fund flow and settlement at the underlying level. For users, the front end only reflects "holding balances, earning rewards, and spending freely," without directly interacting with wallets or the concept of "using stablecoins." The funding round will be used to improve the core platform, connect with the first batch of partners, and expand the engineering and compliance teams.

Rhythmic raises $4 million in seed funding, led by Dragonfly.

according to Onchain Lens monitoring, "Maji Dage" Huang Licheng's 25x leveraged long position on Ethereum has been fully liquidated, with a total loss of approximately 29 million USD at this address.

[Huang Licheng, known as "Brother Machi," had his ETH long positions with 25x leverage completely liquidated.]according to Onchain Lens monitoring, "Maji Dage" Huang Licheng's 25x leveraged long position on Ethereum has been fully liquidated, with a total loss of approximately 29 million USD at this address.

Huang Licheng, known as "Brother Machi," had his ETH long positions with 25x leverage completely liquidated.

&nbsp;A-shares opened, the Shanghai Composite Index at 4129.13 points, opening up 1.15%, the Shenzhen Component Index at 14313.86 points, opening up 1.52%, the Shenzhen Blockchain 50 Index at 4267.75 points, opening up 0.89%. The blockchain sector opened up 0.9%, and the digital currency sector opened up 0.76%.

[A-shares opened higher: The Shenzhen Blockchain 50 Index rose 0.89%.]&nbsp;A-shares opened, the Shanghai Composite Index at 4129.13 points, opening up 1.15%, the Shenzhen Component Index at 14313.86 points, opening up 1.52%, the Shenzhen Blockchain 50 Index at 4267.75 points, opening up 0.89%. The blockchain sector opened up 0.9%, and the digital currency sector opened up 0.76%.

A-shares opened higher: The Shenzhen Blockchain 50 Index rose 0.89%.

&nbsp;spot gold has fallen below $5150/oz, with a daily decline of 1.50%. Spot silver has dropped below $85/oz, with a daily decline of 3.67%.

[Spot gold fell below $5,150 per ounce]&nbsp;spot gold has fallen below $5150/oz, with a daily decline of 1.50%. Spot silver has dropped below $85/oz, with a daily decline of 3.67%.

Spot gold fell below $5,150 per ounce

&nbsp;the Trump family's crypto project World Liberty Fi once again posted on the X platform to clarify that WLFI and the USD1 smart contract and wallet were not hacked. The previously disclosed incident only involved unauthorized access to the X account of the project's co-founder and did not target the wallet or protocol infrastructure. All smart contracts remain unaffected. All USD1 funds are still completely safe and reliable, with sufficient funding support, and the infrastructure and team operations are fully as expected.

[World Liberty Fi reiterates that its smart contracts and wallets for WLFI and USD1 have not been hacked.]&nbsp;the Trump family's crypto project World Liberty Fi once again posted on the X platform to clarify that WLFI and the USD1 smart contract and wallet were not hacked. The previously disclosed incident only involved unauthorized access to the X account of the project's co-founder and did not target the wallet or protocol infrastructure. All smart contracts remain unaffected. All USD1 funds are still completely safe and reliable, with sufficient funding support, and the infrastructure and team operations are fully as expected.

World Liberty Fi reiterates that its smart contracts and wallets for WLFI and USD1 have not been hacked.

Russian IT companies may be allowed to make payments in cryptocurrency when exporting IT solutions. Such a proposal is contained in the road map of supporting measures for software exports in the country, prepared by Russoft, an association of Russian software developers. The document was sent to the Ministry of Finance, Vedomosti got acquainted with a copy of it, its authenticity was confirmed by a representative of "Russoft".

To mitigate the restrictions "with the payment for transactions with foreign customers and reduce the costs of such payments" it is necessary to work out the use of "alternative payment solutions", including the introduction of experimental legislation regimes, the document says. Another measure that could support the IT exports aims to "lift currency control for the IT-companies".

Lev Matveev, member of the Board of Russoft, said in a comment to the publication that the "alternative payment solutions" would include settlements in a cryptocurrency. At the same time Matveev assures that currency control is irrelevant in this situation.

"IT is different from other industries – for example, most products do not cross the border physically and do not have the commodity nomenclature of foreign economic activity codes. Therefore, for our industry, it is possible to abolish currency control," he added.

Detail

【Russian software exporters may switch to using crypto to make payments】Russian IT companies may be allowed to make payments in cryptocurrency when exporting IT solutions. Such a proposal is contained in the road map of supporting measures for software exports in the country, prepared by Russoft, an association of Russian software developers. The document was sent to the Ministry of Finance, Vedomosti got acquainted with a copy of it, its authenticity was confirmed by a representative of "Russoft".

To mitigate the restrictions "with the payment for transactions with foreign customers and reduce the costs of such payments" it is necessary to work out the use of "alternative payment solutions", including the introduction of experimental legislation regimes, the document says. Another measure that could support the IT exports aims to "lift currency control for the IT-companies".

Lev Matveev, member of the Board of Russoft, said in a comment to the publication that the "alternative payment solutions" would include settlements in a cryptocurrency. At the same time Matveev assures that currency control is irrelevant in this situation.

"IT is different from other industries – for example, most products do not cross the border physically and do not have the commodity nomenclature of foreign economic activity codes. Therefore, for our industry, it is possible to abolish currency control," he added.

Russian software exporters may switch to using crypto to make payments

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Article

BTC breaks through $66,000

Russian software exporters may switch to using crypto to make payments

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