South Korea has recently seen multiple “revenge intermediary” organizations that use cryptocurrency as a payment method. They offer intimidation and murder services via Telegram. Even though the main culprit has been arrested, related advertisements are still being posted. Police are investigating more than 50 cases and have arrested about 30 people.

Gate News message: On April 13, JPMorgan Chase will expand JPM Coin to the Canton Network this year via Kinexys. The network currently processes more than $350 billion per day in U.S. Treasury repo settlement.

Gate News update: On April 11, Strategy (formerly MicroStrategy) led by Michael Saylor purchased 3,468 BTC early this morning through its perpetual preferred stock STRC（Stretch）.

Gate News message. On April 10, according to Lookonchain monitoring, a whale address that previously bought 163,405 ETH (about $440 million) and 4,000 cbBTC (about $296 million) via over-the-counter trading sold 899,999 RAVE (about $229k) at cost three weeks ago. However, RAVE’s price is up 226% today; if the address had not sold in advance, its current unrealized profit would be about $870k.

A crypto project founded by the Trump family, WLFI, has drawn market attention to liquidity risk and alleged insider connections through lending facilitated by Dolomite. WLFI pledges stablecoins USD1 and platform tokens, borrows $31.4 million, and moves it to a CEX that is suspected to be used for exchanging it into fiat currency. WLFI has a high concentration level and also carries liquidation risk. On-chain data shows that WLFI has recently transferred a large amount of tokens, with the destination unclear, and has not yet responded regarding the transactions.

Gate News update, April 9, Xverse, a Bitcoin wallet, announced the launch of its Bitcoin-native AI agent wallet, the Xverse Agentic Wallet. The wallet enables AI agents to execute payment, trading, and fund management operations on the Bitcoin network. Lightning payments are settled via Spark, and it also supports machine-to-machine payments through MPP (multi-path payments)

Gate News, April 9, Arkham monitoring data shows that about 50 minutes ago, BlackRock, via its Ethereum exchange-traded fund ETHA, transferred a total of 19,935 ETH worth $43.65 million to a CEX Prime address.

Gate News message, on April 9, according to Onchain Lens monitoring, the government of the Kingdom of Bhutan transferred 319.7 BTC (worth about $22.67 million) to two wallets. One is a newly created wallet, possibly a CEX wallet; the other is an old wallet that was previously used to transfer funds for sale via a certain CEX or Galaxy Digital.

Currenc Group Inc., a Nasdaq-listed company, engaged Securitize to tokenize its common stock, aiming to enable 24/7 trading and fractional ownership, and to advance decentralized finance (DeFi) applications. Securitize is a leading institution in the tokenization space, and it also participates in building a tokenized securities platform for the New York Stock Exchange.

Gate News, on April 8, according to data monitored by Arkham, about an hour ago, BlackRock transferred 8,513 ETH worth $19.14 million to a certain CEX address via its Ethereum exchange-traded fund ETHA; additionally, it transferred 416.654 BTC worth $29.86 million to a certain CEX address via its Bitcoin exchange-traded fund IBIT.