$SOL Pirate News 🏴‍☠️ and Hacks Today: 📰🗞️

The Shanghai First Intermediate People's Court sentenced Wang and others to eight and a half years in prison for fraud involving digital collectibles, as they illegally collected tens of millions of yuan by publishing AI-generated images on the blockchain.

This case is a clear example of the rampant chaos prevailing on collectible platforms, with false claims of guaranteed returns and buybacks, causing victims to lose their money.

The People's Congress of Henan Province recently announced that the management of virtual currencies does not align with local regulations and requires national coordination. This clearly indicates a tightening of regulations and a halt to the unchecked growth of the cryptocurrency industry.

This may deter some small platforms, but major players, such as ETH Reserve Company, which has exceeded holdings of 10 million and continues to grow, may shift the market focus to committed projects.

Retail investors should be cautious of the risks. Regulatory news will dominate the market in the coming months; avoid drifting behind hot spots without awareness.

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