**[Main Perpetrator in 60,000 Bitcoin Money Laundering Case, Qian Zhimin, Pleads Guilty in the UK]** Qian Zhimin, the main perpetrator in the illegal public fund-raising case involving Tianjin Lantian Gerui Electronic Technology Co., Ltd., appeared in court at Southwark Crown Court in London, UK, on September 29, 2025, and pleaded guilty to charges of money laundering. Qian Zhimin had illegally raised funds under the guise of "blockchain computing power investment" and "Bitcoin mining financial management," with the case involving tens of billions of yuan, including approximately 60,000 bitcoins. After the case was exposed in 2017, Qian Zhimin fled to the UK and remained in hiding for an extended period. Currently, Tianjin police are cooperating with UK law enforcement agencies to carry out cross-border efforts to pursue fugitives and recover assets, aiming to mitigate losses for the participants in the fund-raising scheme. Authorities also remind investors to be cautious of unauthorized cross-border "asset recovery agents" to avoid further losses.
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More >DEX Labs CEO：MEV阻碍机构投资者采用DeFi
[DEX Labs CEO: MEV Hinders Institutional Adoption of DeFi] DEX Labs CEO Aditya Palepu stated that Maximum Extractable Value (MEV) makes it difficult for financial institutions to adopt decentralized finance (DeFi). MEV refers to the process by which miners or validators rearrange block transactions to extract profits. Due to insufficient transaction privacy, institutions face risks of market manipulation and front-running. DEX Labs is a major contributor to the decentralized crypto derivatives exchange DerivaDEX. Palepu pointed out that similar issues exist in all electronic trading markets, stemming from information asymmetry in transaction data ordering, which harms the interests of retail users.
Coinbase: Significant profit growth, IBIT performance declines
Coinbase has recently achieved significant profit growth, demonstrating its strong performance in the cryptocurrency market. At the same time, the market performance of IBIT has declined, indicating increased competitive pressure. REX achieves revenue growth through volatility trading strategies, attracting investors' attention. The dynamic changes in the cryptocurrency market highlight the competition and opportunities among different platforms. （Decrypt）
Salvadoran President questions government's unlimited printing of money and tax relationship
Salvadoran President Boukel said that if the government can print unlimited money out of thin air, why do they still need to collect taxes? Bukkel's remarks have sparked discussions on modern monetary policy. （Bitcoin Archive）
Federal Reserve: Overnight injection of $294 million into banks
The Federal Reserve injected $294 million into the banking system during overnight operations to support liquidity demand and stabilize financial markets. （Cointelegraph）
Linea 主网桥接 ETH 数量突破 120 万枚
[Linea Mainnet ETH Bridging Volume Exceeds 1.2 Million Tokens] According to Dune data, the Linea mainnet has cumulatively bridged and transferred 1,222,464 ETH, with on-chain transaction count reaching 1,310,038 and the total number of interacting addresses increasing to 595,248. This data reflects the significant growth of the Linea mainnet in asset bridging and user interactions, further solidifying its important position within the blockchain ecosystem.