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From 'Sun the Cutter' to the Chinese Crypto Leader of Nasdaq!As the founder of TRON, Sun Yuchen completed the listing on the Nasdaq through a reverse merger with listed company SRM Entertainment in July 2025 (stock code TRON), becoming the first Chinese crypto leader to be listed on Nasdaq. This event marks not only a milestone in personal business achievements but also a turning point in the deep integration of the crypto industry with the traditional financial system. Sun Yuchen's bell-ringing event may symbolize the integration of crypto assets with traditional finance. The transformation from 'Sun the Cutter' (suspected of profiting at others' expense) to 'Sun the God' (the crypto leader ringing the bell at Nasdaq) is the result of a complex interplay of marketing talent, political capital operations, on-chain ecosystem construction, and financial innovation.

From 'Sun the Cutter' to the Chinese Crypto Leader of Nasdaq!

As the founder of TRON, Sun Yuchen completed the listing on the Nasdaq through a reverse merger with listed company SRM Entertainment in July 2025 (stock code TRON), becoming the first Chinese crypto leader to be listed on Nasdaq. This event marks not only a milestone in personal business achievements but also a turning point in the deep integration of the crypto industry with the traditional financial system.
Sun Yuchen's bell-ringing event may symbolize the integration of crypto assets with traditional finance. The transformation from 'Sun the Cutter' (suspected of profiting at others' expense) to 'Sun the God' (the crypto leader ringing the bell at Nasdaq) is the result of a complex interplay of marketing talent, political capital operations, on-chain ecosystem construction, and financial innovation.
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On the Fall of BitcoinI've wanted to write about this topic for a long time because, in my eyes, Bitcoin is just a digital code without any real-world value or meaning. But it has triggered a new financial model around the world. This is really bizarre and weird. Everyone is involved, and even more and more virtual currencies have been invented. It seems that now as long as you can write a blockchain code, you can create a currency on the market and trade it on an exchange. This is really wicked. If there is such a thing, what else do you want the people to do? Who wouldn't want money that comes from the sky without working?

On the Fall of Bitcoin

I've wanted to write about this topic for a long time because, in my eyes, Bitcoin is just a digital code without any real-world value or meaning.
But it has triggered a new financial model around the world. This is really bizarre and weird. Everyone is involved, and even more and more virtual currencies have been invented. It seems that now as long as you can write a blockchain code, you can create a currency on the market and trade it on an exchange. This is really wicked. If there is such a thing, what else do you want the people to do? Who wouldn't want money that comes from the sky without working?
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In just two months, 103 investors lost virtual currency worth over 77.76 million yuan...He and others developed a Decentralized virtual currency trading platform However, after the platform passed the security audit However, they launched another set Not passed security audit Platform code with 'backdoor' functionality …… After passing the security audit, they secretly launched another set of project code with a 'backdoor.' He and others used the 'backdoor' to manipulate platform data, exchanging and transferring the virtual currency pledged by investors on the platform. In just two months, the value of virtual currency lost by 103 investors amounted to about 77.76 million yuan. After the Yunmeng County Procuratorate in Hubei Province filed a public prosecution, in March of this year, the court sentenced He and three others to imprisonment ranging from thirteen years to three years for fraud, with fines ranging from 300,000 to 20,000 yuan. He was dissatisfied with the first-instance judgment and appealed. Recently, the second-instance court made a ruling to dismiss the appeal and uphold the original judgment.

In just two months, 103 investors lost virtual currency worth over 77.76 million yuan...

He and others developed a
Decentralized virtual currency trading platform
However, after the platform passed the security audit
However, they launched another set
Not passed security audit
Platform code with 'backdoor' functionality
……
After passing the security audit, they secretly launched another set of project code with a 'backdoor.' He and others used the 'backdoor' to manipulate platform data, exchanging and transferring the virtual currency pledged by investors on the platform. In just two months, the value of virtual currency lost by 103 investors amounted to about 77.76 million yuan.
After the Yunmeng County Procuratorate in Hubei Province filed a public prosecution, in March of this year, the court sentenced He and three others to imprisonment ranging from thirteen years to three years for fraud, with fines ranging from 300,000 to 20,000 yuan. He was dissatisfied with the first-instance judgment and appealed. Recently, the second-instance court made a ruling to dismiss the appeal and uphold the original judgment.
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Stablecoin vs Bitcoin vs Digital RMB: Which is safer? Who will leave you bankrupt?Recently, "stablecoins" have frequently been trending — some people save 30% on fees by using it for cross-border transfers, while others lose their savings overnight due to it. Meanwhile, Bitcoin has plummeted 70%, and the pilot program for digital RMB has expanded to 20 cities... What are the differences between these three types of "electronic money"? Why is it said that stablecoins are key for the next decade? One, let's state the conclusion first: The three are fundamentally different and should not be confused! Type Essence Price Volatility Issuer Regulatory Attitude Bitcoin Cryptocurrency Extremely High (roller coaster) Decentralized Network Trading prohibited in China

Stablecoin vs Bitcoin vs Digital RMB: Which is safer? Who will leave you bankrupt?

Recently, "stablecoins" have frequently been trending — some people save 30% on fees by using it for cross-border transfers, while others lose their savings overnight due to it. Meanwhile, Bitcoin has plummeted 70%, and the pilot program for digital RMB has expanded to 20 cities... What are the differences between these three types of "electronic money"? Why is it said that stablecoins are key for the next decade?
One, let's state the conclusion first: The three are fundamentally different and should not be confused!
Type Essence Price Volatility Issuer Regulatory Attitude
Bitcoin Cryptocurrency Extremely High (roller coaster) Decentralized Network Trading prohibited in China
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The rise in Bitcoin prices and new accounting standards have driven Tesla's crypto assets to appreciate to $1.2 billionThe rise in Bitcoin prices and new accounting standards drive Tesla's crypto assets to a valuation of 1.2 billion dollars Tesla disclosed in its second-quarter earnings report that the current market value of the 11,509 Bitcoins it holds has reached approximately 1.2 billion dollars. This increase is mainly attributed to a roughly 30% rise in Bitcoin prices this quarter, as well as the new accounting standards that will be implemented by the FASB starting in 2025. The new rules allow companies to measure crypto assets at their fair value on a quarterly basis, replacing the previous practice of accounting at the lowest market value. Tesla's revenue for this quarter was 22.5 billion dollars, in line with market expectations, with diluted earnings per share reported at 0.40 dollars. TSLA rose 0.71% in after-hours trading to 331.56 dollars.

The rise in Bitcoin prices and new accounting standards have driven Tesla's crypto assets to appreciate to $1.2 billion

The rise in Bitcoin prices and new accounting standards drive Tesla's crypto assets to a valuation of 1.2 billion dollars
Tesla disclosed in its second-quarter earnings report that the current market value of the 11,509 Bitcoins it holds has reached approximately 1.2 billion dollars. This increase is mainly attributed to a roughly 30% rise in Bitcoin prices this quarter, as well as the new accounting standards that will be implemented by the FASB starting in 2025. The new rules allow companies to measure crypto assets at their fair value on a quarterly basis, replacing the previous practice of accounting at the lowest market value. Tesla's revenue for this quarter was 22.5 billion dollars, in line with market expectations, with diluted earnings per share reported at 0.40 dollars. TSLA rose 0.71% in after-hours trading to 331.56 dollars.
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Undercover Liu's six-month investigation exposes the gray industry behind teams and traders!Off-market cash coin merchants are clear-cut; they shoot first and then sentence, and there is no injustice. Today, Uncle Liu will bravely expose some industry secrets. I will use 5000 words to tell you the industry's dark side, explain why card freezes occur, why some people rent, lend, or sell their bank accounts, what telecom fraud is, and why team leaders are stomped on by sewing machines, and what types of dirty money exist. Telecom fraud groups add victims as friends on various dating, matchmaking, and e-commerce platforms, committing fraud under the guise of dating, inducing victims to make various investments, commonly known as pig-butchering scams.

Undercover Liu's six-month investigation exposes the gray industry behind teams and traders!

Off-market cash coin merchants are clear-cut; they shoot first and then sentence, and there is no injustice. Today, Uncle Liu will bravely expose some industry secrets. I will use 5000 words to tell you the industry's dark side, explain why card freezes occur, why some people rent, lend, or sell their bank accounts, what telecom fraud is, and why team leaders are stomped on by sewing machines, and what types of dirty money exist.
Telecom fraud groups add victims as friends on various dating, matchmaking, and e-commerce platforms, committing fraud under the guise of dating, inducing victims to make various investments, commonly known as pig-butchering scams.
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Hong Kong Monetary Authority Chief: Do not hype stablecoins, details of licensing arrangements next weekOn July 23, Yu Weiwen, the President of the Hong Kong Monetary Authority, publicly issued a statement calling for the avoidance of excessive speculation on stablecoins and announced that a summary of the 'Stablecoin Issuer Licensing System' would be published next week, detailing the arrangements for the Monetary Authority to accept and process license applications. A month ago, I discussed how to promote the prudent and sustainable development of stablecoins in Hong Kong in this column and suggested that we should cool down the hype surrounding stablecoins. Looking at the intensity of discussions about stablecoins in the market and society over the past month, there is still a need to strengthen the cooling effect. Today, I would like to talk about our views from a regulatory perspective and how to implement the stablecoin regulations in accordance with prudent and sustainable principles going forward.

Hong Kong Monetary Authority Chief: Do not hype stablecoins, details of licensing arrangements next week

On July 23, Yu Weiwen, the President of the Hong Kong Monetary Authority, publicly issued a statement calling for the avoidance of excessive speculation on stablecoins and announced that a summary of the 'Stablecoin Issuer Licensing System' would be published next week, detailing the arrangements for the Monetary Authority to accept and process license applications.

A month ago, I discussed how to promote the prudent and sustainable development of stablecoins in Hong Kong in this column and suggested that we should cool down the hype surrounding stablecoins. Looking at the intensity of discussions about stablecoins in the market and society over the past month, there is still a need to strengthen the cooling effect. Today, I would like to talk about our views from a regulatory perspective and how to implement the stablecoin regulations in accordance with prudent and sustainable principles going forward.
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2025 Global Stablecoin Industry Development Report2025 is a key year in the development history of stablecoins. In this year, stablecoins not only set new records in market size and trading activity, but regulatory policies and capital focus have also accelerated simultaneously. An asset class that originally originated as a 'safe haven' tool within the crypto market is gradually moving towards the forefront of global payments, cross-border trade, DeFi infrastructure, and even sovereign credit. The (2025 Global Stablecoin Industry Development Report) published jointly by the Mobile Payment Network and PANews (hereinafter referred to as the 'report') points out that stablecoins have become one of the key infrastructures connecting traditional finance and the crypto world, and are changing the global financial operating landscape. The report tracks and analyzes the overall situation of the stablecoin industry, combining on-chain transaction data, policy progress, and industry evolution paths, systematically sorting and analyzing from six dimensions: development history, market structure, application scenarios, global regulation, development potential, and potential risks.

2025 Global Stablecoin Industry Development Report

2025 is a key year in the development history of stablecoins.
In this year, stablecoins not only set new records in market size and trading activity, but regulatory policies and capital focus have also accelerated simultaneously. An asset class that originally originated as a 'safe haven' tool within the crypto market is gradually moving towards the forefront of global payments, cross-border trade, DeFi infrastructure, and even sovereign credit.
The (2025 Global Stablecoin Industry Development Report) published jointly by the Mobile Payment Network and PANews (hereinafter referred to as the 'report') points out that stablecoins have become one of the key infrastructures connecting traditional finance and the crypto world, and are changing the global financial operating landscape. The report tracks and analyzes the overall situation of the stablecoin industry, combining on-chain transaction data, policy progress, and industry evolution paths, systematically sorting and analyzing from six dimensions: development history, market structure, application scenarios, global regulation, development potential, and potential risks.
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Money Laundering, Fraud, and Pyramid Schemes: Is Virtual Currency Becoming a New Breeding Ground for Crime?In 2023, Shanghai police uncovered a case of illegal currency exchange using Tether, involving an amount as high as 6.5 billion RMB. Criminal gangs used virtual currency to circumvent foreign exchange controls and transfer funds abroad. The anonymity, decentralization, and cross-border circulation of virtual currencies make them a 'perfect tool' in the eyes of criminals. From money laundering to fraud, from pyramid schemes to dark web transactions, virtual currencies are becoming a breeding ground for new types of crime. Today, we will reveal: How are virtual currencies used for crime? How can ordinary people avoid becoming victims?

Money Laundering, Fraud, and Pyramid Schemes: Is Virtual Currency Becoming a New Breeding Ground for Crime?

In 2023, Shanghai police uncovered a case of illegal currency exchange using Tether, involving an amount as high as 6.5 billion RMB. Criminal gangs used virtual currency to circumvent foreign exchange controls and transfer funds abroad.
The anonymity, decentralization, and cross-border circulation of virtual currencies make them a 'perfect tool' in the eyes of criminals. From money laundering to fraud, from pyramid schemes to dark web transactions, virtual currencies are becoming a breeding ground for new types of crime. Today, we will reveal: How are virtual currencies used for crime? How can ordinary people avoid becoming victims?
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Soaring 647% overnight, Sun Yuchen's Tron is going public! Eric Trump, Trump's second son, is about to joinFour months ago, the U.S. SEC was still accusing Sun Yuchen of market manipulation, but now he has made a stunning transformation. The most controversial figure in the crypto world—Sun Yuchen is about to lead his Tron platform to go public through a reverse merger. Under the stimulus of the merger news, SRM Entertainment, as the shell company, saw its stock price soar by 647% overnight. It is noteworthy that this transaction is being handled by Dominari Securities, an investment bank closely connected to the Trump family, and Eric Trump, the second son of Trump, is expected to take a position in the new company. 01 Sun Yuchen is going public, Eric Trump will join: After prominently attending Trump's crypto dinner, crypto tycoon Sun Yuchen's digital asset platform Tron is set to go public through a reverse merger, with the shell company experiencing a 647% surge overnight. Interestingly, the driving force behind this is an investment bank closely related to Trump's sons.

Soaring 647% overnight, Sun Yuchen's Tron is going public! Eric Trump, Trump's second son, is about to join

Four months ago, the U.S. SEC was still accusing Sun Yuchen of market manipulation, but now he has made a stunning transformation.
The most controversial figure in the crypto world—Sun Yuchen is about to lead his Tron platform to go public through a reverse merger. Under the stimulus of the merger news, SRM Entertainment, as the shell company, saw its stock price soar by 647% overnight.
It is noteworthy that this transaction is being handled by Dominari Securities, an investment bank closely connected to the Trump family, and Eric Trump, the second son of Trump, is expected to take a position in the new company.
01 Sun Yuchen is going public, Eric Trump will join:
After prominently attending Trump's crypto dinner, crypto tycoon Sun Yuchen's digital asset platform Tron is set to go public through a reverse merger, with the shell company experiencing a 647% surge overnight. Interestingly, the driving force behind this is an investment bank closely related to Trump's sons.
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Breaking! The cryptocurrency industry welcomes another IPO!The first IPO after the enactment of Trump's stablecoin bill As the capital frenzy sparked by the listing of stablecoin giant Circle gradually calms down, the cryptocurrency industry welcomes another heavyweight IPO: Bullish, which owns a cryptocurrency exchange and top media, has submitted registration documents to the U.S. SEC to apply for a listing on the New York Stock Exchange, becoming the first cryptocurrency company to seek public listing after Trump officially signed the stablecoin bill. According to the prospectus, this IPO is led by JPMorgan, Jefferies Financial Group, and Citigroup as underwriters, and the company plans to list on the New York Stock Exchange under the trading symbol 'BLSH'. It is noteworthy that the company had previously announced plans to go public via a SPAC in 2021, but that plan was subsequently shelved.

Breaking! The cryptocurrency industry welcomes another IPO!

The first IPO after the enactment of Trump's stablecoin bill
As the capital frenzy sparked by the listing of stablecoin giant Circle gradually calms down, the cryptocurrency industry welcomes another heavyweight IPO: Bullish, which owns a cryptocurrency exchange and top media, has submitted registration documents to the U.S. SEC to apply for a listing on the New York Stock Exchange, becoming the first cryptocurrency company to seek public listing after Trump officially signed the stablecoin bill.
According to the prospectus, this IPO is led by JPMorgan, Jefferies Financial Group, and Citigroup as underwriters, and the company plans to list on the New York Stock Exchange under the trading symbol 'BLSH'. It is noteworthy that the company had previously announced plans to go public via a SPAC in 2021, but that plan was subsequently shelved.
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CCTV exposes the 100-fold profit 'virtual currency' scam! Trading platform closes overnight! Some lose over a million yuan.In daily life, there are often unknown phone calls claiming to pull people into stock groups for free; various stock lecture advertisements are also frequently seen on online platforms. Many people enter with the mindset of just looking around and listening to lectures without spending money, only to find themselves gradually trapped in a scam vortex, suffering heavy losses. During the investigation, the reporter discovered that these so-called 'teachers' in the stock groups first recommended stocks, gaining trust, and then recommended their own issued virtual digital currency to deceive investors out of their money. The so-called 'virtual currency' claims a 100-fold premium. The website closed down and absconded with funds.

CCTV exposes the 100-fold profit 'virtual currency' scam! Trading platform closes overnight! Some lose over a million yuan.

In daily life, there are often unknown phone calls claiming to pull people into stock groups for free; various stock lecture advertisements are also frequently seen on online platforms. Many people enter with the mindset of just looking around and listening to lectures without spending money, only to find themselves gradually trapped in a scam vortex, suffering heavy losses. During the investigation, the reporter discovered that these so-called 'teachers' in the stock groups first recommended stocks, gaining trust, and then recommended their own issued virtual digital currency to deceive investors out of their money.
The so-called 'virtual currency' claims a 100-fold premium. The website closed down and absconded with funds.
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[Thriller] BR returns to zero in a second! How many netizens have been trapped in it! After months of making a profit, one might lose a fortune in it. Is BR official going to come out and compensate users for their losses again? It happens every month, is there anyone still inflating the trading volume!
[Thriller] BR returns to zero in a second! How many netizens have been trapped in it! After months of making a profit, one might lose a fortune in it. Is BR official going to come out and compensate users for their losses again? It happens every month, is there anyone still inflating the trading volume!
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The crypto boom is back, and ETH is the new darling of Wall Street!The coin you should buy now is ETH. Wall Street is experiencing a crypto moment. The growth story of TradFi is nearly over. Everyone is overly focused on artificial intelligence, and software companies are nowhere near as exciting as they were in the 2000s and 2010s. Growth investors who raise funds and prepare to invest in exciting innovation stories with huge potential markets (TAM) deep down understand that most AI companies are trading at ridiculous premiums, while other 'growth' stocks are hard to find. Even the once-revered FAANG stocks are gradually becoming high-quality, profit-maximizing 'compound' stocks with a compound annual growth rate of around 15%.

The crypto boom is back, and ETH is the new darling of Wall Street!

The coin you should buy now is ETH.
Wall Street is experiencing a crypto moment.
The growth story of TradFi is nearly over. Everyone is overly focused on artificial intelligence, and software companies are nowhere near as exciting as they were in the 2000s and 2010s.
Growth investors who raise funds and prepare to invest in exciting innovation stories with huge potential markets (TAM) deep down understand that most AI companies are trading at ridiculous premiums, while other 'growth' stocks are hard to find. Even the once-revered FAANG stocks are gradually becoming high-quality, profit-maximizing 'compound' stocks with a compound annual growth rate of around 15%.
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Soaring $2.3 billion, cryptocurrency becomes the main source of wealth for the Trump GroupTrump Media and Technology Group announced on Monday that the company has accumulated approximately $2 billion in Bitcoin and related assets. Media reports indicate that as former President Trump has prominently turned to the cryptocurrency sector, his personal net worth during his tenure has also been continuously increasing. The company stated in a press release that Bitcoin currently accounts for about two-thirds of its total liquid assets. Following this news, Trump's media stock rose by as much as 9% in early trading on Monday, and closed up 3.11% by the end of the day in Eastern Time. Currently, Trump's stake in the company is valued at nearly $2.3 billion.

Soaring $2.3 billion, cryptocurrency becomes the main source of wealth for the Trump Group

Trump Media and Technology Group announced on Monday that the company has accumulated approximately $2 billion in Bitcoin and related assets. Media reports indicate that as former President Trump has prominently turned to the cryptocurrency sector, his personal net worth during his tenure has also been continuously increasing.
The company stated in a press release that Bitcoin currently accounts for about two-thirds of its total liquid assets. Following this news, Trump's media stock rose by as much as 9% in early trading on Monday, and closed up 3.11% by the end of the day in Eastern Time.
Currently, Trump's stake in the company is valued at nearly $2.3 billion.
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Liang Xi - The Internet Traffic Experiment of a 10,000-Fold Trader in the Crypto WorldSince entering February, the price of Bitcoin has continued to plummet. Just when everyone was crying and cursing Bitcoin as a scam. A young man made a million dollars in just a few days. Besides flaunting his real trading results on Twitter, he also held a crazy red envelope giveaway event to reward his fans. This young man is Liang Xi, who is known as a genius trader in the cryptocurrency circle. Readers who are not familiar with the cryptocurrency world may be curious, who is Liang Xi? In fact, this is not the first time Liang Xi has attracted people's attention; his highlight moment actually began four years ago.

Liang Xi - The Internet Traffic Experiment of a 10,000-Fold Trader in the Crypto World

Since entering February, the price of Bitcoin has continued to plummet.
Just when everyone was crying and cursing Bitcoin as a scam.
A young man made a million dollars in just a few days. Besides flaunting his real trading results on Twitter, he also held a crazy red envelope giveaway event to reward his fans.
This young man is Liang Xi, who is known as a genius trader in the cryptocurrency circle.
Readers who are not familiar with the cryptocurrency world may be curious, who is Liang Xi?
In fact, this is not the first time Liang Xi has attracted people's attention; his highlight moment actually began four years ago.
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The cryptocurrency sector welcomes another major IPOJust as the capital frenzy triggered by the listing of stablecoin giant Circle gradually calms down, the cryptocurrency industry welcomes another heavyweight IPO: Bullish, which owns a cryptocurrency exchange and leading media, submitted registration documents to the U.S. SEC, applying for listing on the New York Stock Exchange. As background, Bullish was established in 2021, incubated by blockchain company Block.one and Silicon Valley star investor Peter Thiel and others. Peter Thiel also participated in strategic investments through Founders Fund and Thiel Capital, with other investors including Alan Howard, Nomura Securities, and others. By the way, just two months after its establishment, Bullish attempted to go public in the U.S. stock market through a 'reverse merger', but this coincided with rising suspicions of a Federal Reserve interest rate hike and continuous turmoil in the cryptocurrency sector, ultimately resulting in abandonment of the plan.

The cryptocurrency sector welcomes another major IPO

Just as the capital frenzy triggered by the listing of stablecoin giant Circle gradually calms down, the cryptocurrency industry welcomes another heavyweight IPO: Bullish, which owns a cryptocurrency exchange and leading media, submitted registration documents to the U.S. SEC, applying for listing on the New York Stock Exchange.
As background, Bullish was established in 2021, incubated by blockchain company Block.one and Silicon Valley star investor Peter Thiel and others. Peter Thiel also participated in strategic investments through Founders Fund and Thiel Capital, with other investors including Alan Howard, Nomura Securities, and others.
By the way, just two months after its establishment, Bullish attempted to go public in the U.S. stock market through a 'reverse merger', but this coincided with rising suspicions of a Federal Reserve interest rate hike and continuous turmoil in the cryptocurrency sector, ultimately resulting in abandonment of the plan.
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Virtual Currency + Fourth-party Payment: Unraveling the Layers of Black and Grey Market Money Laundering TechniquesIn money laundering involving virtual currency black and gray industries, we often hear a term: fourth-party payment. What is fourth-party payment? In practice, how do the black and gray industries launder money through fourth-party payment platforms? Let’s explore it together today. What is fourth-party payment? Before understanding fourth-party payment, let’s first take a look at what first-party payment to third-party payment is all about. 01First-party payment: First-party payment is cash payment. The buyer and seller settle directly in cash, with one hand paying the money and the other hand delivering the goods, and there is no involvement of any intermediary agency in the transaction process.

Virtual Currency + Fourth-party Payment: Unraveling the Layers of Black and Grey Market Money Laundering Techniques

In money laundering involving virtual currency black and gray industries, we often hear a term: fourth-party payment.
What is fourth-party payment? In practice, how do the black and gray industries launder money through fourth-party payment platforms? Let’s explore it together today.
What is fourth-party payment?
Before understanding fourth-party payment, let’s first take a look at what first-party payment to third-party payment is all about.
01First-party payment:
First-party payment is cash payment. The buyer and seller settle directly in cash, with one hand paying the money and the other hand delivering the goods, and there is no involvement of any intermediary agency in the transaction process.
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You may not believe it, but I made 30 million trading cryptocurrencies, and I didn't tell anyone, not even my wife!Maybe you don’t believe it, but I made 30 million by speculating in cryptocurrencies. Didn't tell anyone, including my wife! 1. My name is Brother Xingfu. I was born in the countryside. I was not good at studying and dropped out of school early to work in a big city. I learned to be a chef in 2007, with a salary of 800 yuan. I had a girlfriend who was a college student in Wenzhou and the distant niece of the restaurant owner. She came out to work during the summer vacation to gain social experience. She was good-looking, but her breasts were not big. When we were dating, I felt a little inferior because of the gap between the rich and the poor. I remember very clearly that the boss's wife drove a black Audi A6. At that time, I thought, if only I could drive an Audi in my life...

You may not believe it, but I made 30 million trading cryptocurrencies, and I didn't tell anyone, not even my wife!

Maybe you don’t believe it, but I made 30 million by speculating in cryptocurrencies.
Didn't tell anyone, including my wife!
1. My name is Brother Xingfu. I was born in the countryside. I was not good at studying and dropped out of school early to work in a big city.
I learned to be a chef in 2007, with a salary of 800 yuan. I had a girlfriend who was a college student in Wenzhou and the distant niece of the restaurant owner. She came out to work during the summer vacation to gain social experience. She was good-looking, but her breasts were not big.
When we were dating, I felt a little inferior because of the gap between the rich and the poor. I remember very clearly that the boss's wife drove a black Audi A6. At that time, I thought, if only I could drive an Audi in my life...
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"Wash trading" new variant: How 6.5 billion funds are transferred across borders through virtual currency?Illegal foreign exchange of 6.5 billion through cross-border 'matched trading' Recently, (21st Century Business Herald) reported on a case of illegal foreign exchange involving virtual currency amounting to 6.5 billion yuan. In this case, Yang has long been providing illegal foreign exchange services for clients with foreign currency and RMB exchange needs both domestically and internationally under the guise of 'collection and payment' through cross-border 'matched trading' and virtual currency. Xu, aware that Yang was conducting illegal foreign exchange operations without the approval of relevant national departments, has been assisting him since 2021 in operating a shell company's corporate account to receive and transfer corresponding RMB funds. By the time the case was discovered, Xu had participated in illegal foreign exchange transactions totaling over 6.5 billion yuan and earned more than 300,000 yuan in illegal profits.

"Wash trading" new variant: How 6.5 billion funds are transferred across borders through virtual currency?

Illegal foreign exchange of 6.5 billion through cross-border 'matched trading'
Recently, (21st Century Business Herald) reported on a case of illegal foreign exchange involving virtual currency amounting to 6.5 billion yuan. In this case, Yang has long been providing illegal foreign exchange services for clients with foreign currency and RMB exchange needs both domestically and internationally under the guise of 'collection and payment' through cross-border 'matched trading' and virtual currency. Xu, aware that Yang was conducting illegal foreign exchange operations without the approval of relevant national departments, has been assisting him since 2021 in operating a shell company's corporate account to receive and transfer corresponding RMB funds. By the time the case was discovered, Xu had participated in illegal foreign exchange transactions totaling over 6.5 billion yuan and earned more than 300,000 yuan in illegal profits.
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