PANews, December 9—According to the official website of the Hong Kong Securities and Futures Commission (SFC), 9M AI Group Inc. / 9M AI has been listed as a "suspicious virtual asset trading platform." The company is not licensed by the SFC and is suspected of conducting unlicensed activities in Hong Kong and soliciting Hong Kong investors.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, PHA (Phala Network) is trading at $0.05, up 11.21% in the past 24 hours, with a high of $0.05 and a low of $0.04. The 24-hour trading volume reached $36 million. The current market capitalization is approximately $38.1 million, an increase of $3.84 million compared to yesterday. Phala Network is a hardware-secure privacy computing platform focused on building a trusted privacy AI cloud infrastructure. The platform provides confidential computing services protected by TEE (Trusted Execution Environment), including confidential virtual machines, confidential AI models, and GPU TEE products, supporting high-performance AI inference while protecting data privacy. Phala has been used by more than 5,000 users

According to the Indian Ministry of Finance, under anti-money laundering laws, the Enforcement Directorate has seized crypto-related assets worth approximately 41.8989 billion rupees, arrested 29 individuals, and filed 22 lawsuits. Additionally, around 8.8882 billion rupees in undeclared income was discovered. The government is pushing to strengthen the regulation and monitoring of virtual digital assets.

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, SKATE (Skate) is currently priced at $0.01, up 21.04% in the past 24 hours, with a high of $0.03 and a low of $0.01. The 24-hour trading volume reached $2.42 million. The current market cap is approximately $2.92 million, an increase of $508,300 compared to yesterday. Skate is a cross-virtual machine interaction protocol that allows users to interact with applications from any virtual machine while remaining on their preferred virtual machine. The protocol supports multiple virtual machines such as EVM, TVM, and SVM, providing the ability for a single application to run cross-chain. Skate has already integrated with Ethereum, Solana, Aptos, Base, BNB Chain,

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, TAKE (OVERTAKE) is trading at $0.35, up 28.07% in the past 24 hours, reaching a high of $0.36 and a low of $0.27, with a 24-hour trading volume of $45 million. The current market capitalization is approximately $61.9 million, an increase of $1.36 million compared to yesterday. OVERTAKE is a peer-to-peer game asset trading platform on the Sui blockchain, designed for the multi-billion dollar Web2 game asset market. The platform allows players to easily trade in-game items, accounts, and virtual currencies, utilizing a multi-signature smart contract escrow mechanism to ensure secure, low-cost, and instant settlements. OVERTAKE offers a range of features and services, including a P2P trading marketplace, staking and mining, and customizable shops (Take

According to Jinse Finance, Caixin published an article stating that establishing a virtual currency firewall requires strengthening regulation while protecting normal economic and trade activities. Data shows that in 2024, 3,032 people were prosecuted for money laundering crimes involving virtual currencies.

BlockBeats News, December 5 — Today, seven associations including the National Internet Finance Association of China jointly issued a “Risk Warning on Preventing Illegal Activities Involving Virtual Currencies and Other Related Matters.” According to the warning, virtual currencies cannot be used as currency for circulation and use within China, and China’s financial regulatory authorities have not approved any activities related to the tokenization of real-world assets. Relevant institutions are prohibited from conducting any business related to virtual currencies or the tokenization of real-world assets. Previously, on April 13, 2022, the National Internet Finance Association of China had jointly issued an “Initiative on Preventing Financial Risks Related to NFTs,” resolutely curbing the trend of financialization and securitization of NFTs, strictly preventing the risks of illegal financial activities, and consciously adhering to codes of conduct. The joint initiative called on member units not to directly or indirectly invest in NFTs and not to provide financing support for NFT investments. It also prohibited the weakening of NFT attributes by means such as splitting ownership or batch creation.

PANews, December 5—According to Bloomberg, Meta CEO Mark Zuckerberg plans to significantly cut the metaverse business budget, with reductions of up to 30%. Related layoffs could begin as early as January next year. This adjustment will mainly impact the Meta Horizon Worlds virtual world and Quest.

According to Jinse Finance, monitored by SlowMist, on December 1, the decentralized finance protocol Yearn suffered a hacker attack, resulting in a loss of approximately $9 million. The SlowMist security team analyzed the incident and confirmed the root cause as follows: The vulnerability originated from the calcsupply function logic used to calculate supply in the Yearn yETH Weighted Stableswap Pool contract. Due to unsafe mathematical operations, the function allowed overflow and rounding errors during computation, resulting in a significant deviation in the product calculation between the new supply and the virtual balance. Attackers exploited this flaw to manipulate liquidity to specific values and excessively mint liquidity pool (LP) tokens, thereby profiting illegally. It is recommended to enhance boundary scenario testing and adopt securely verified arithmetic mechanisms to prevent similar protocol vulnerabilities.

Jinse Finance reported that Meta Platforms (META.US) CEO Mark Zuckerberg is expected to significantly reduce resource investment in building the metaverse, a strategy he once defined as the company’s future and which prompted the rebranding of Facebook. According to sources familiar with the matter, management has discussed cutting next year’s metaverse division budget by as much as 30%. This division covers virtual world product Meta Horizon Worlds and its Quest virtual reality business. If such a substantial reduction is implemented, layoffs could begin as early as January next year, though no final decision has been made yet. Sources said the proposed metaverse cuts are part of the company’s 2026 budget planning. They added that Zuckerberg has asked Meta executives to seek an overall 10% budget cut, a standard requirement in similar budget cycles over the past few years.

According to Gate News Bot on December 4, citing CoinMarketCap data, as of press time, BEAT (Audiera) is currently trading at $1.12, up 29.40% in 24 hours, reaching a high of $1.15 and a low of $0.67. The current market capitalization is approximately $181 million, an increase of $41 million from yesterday. Audiera is an innovative platform that combines AI, Web3, and dance. The project has a 20-year dance legacy, bringing together the memories of 560 million dancers, and has now been reborn on the blockchain. Audiera provides users with a dance experience without the need to download anything, through AI idol agents Kira and Ray. Users can simply connect their wallet to enter this new era. The platform also offers a dance experience that combines virtual and real worlds, allowing users to dance on a fitness mat and earn

According to Gate News Bot on December 3, citing CoinMarketCap data, as of press time, BOB (Build on Bitcoin) is trading at $0.02, up 63.62% in 24 hours, with a high of $0.02 and a low of $0.01. BOB is the gateway to Bitcoin DeFi. BOB's hybrid chain combines Bitcoin’s unparalleled security with Ethereum’s versatility, unlocking real utility for the world's most important asset. BOB offers a one-stop Bitcoin DeFi platform that includes one-click yield, multi-chain BTC DeFi, native BTC enabled by BitVM, the BOB Gateway SDK, and cross-chain swaps. The BOB hybrid chain technology integrates Bitcoin’s security with Ethereum Virtual Machine compatibility, featuring ZK proofs, native BTC bridging, and decentralized finance capabilities.

This week, the U.S. Department of Justice (DOJ) seized the domain tickmilleas.com, which is linked to a large-scale cryptocurrency scam operation in Myanmar. This move demonstrates that the U.S. and international regulators are intensifying their crackdown on cross-border scam networks in Southeast Asia. The website, operated by the Tai Chang Group (also known as Casino Kosai) based in Kyauk Khet, posed as a legitimate trading platform, luring victims to deposit cryptocurrency and displaying fake returns. The DOJ noted that although the domain was only registered in November 2025, the FBI has confirmed that several victims have already been defrauded through the site in the past month, losing their investments. The scam group typically targets victims via social media, dating apps, and instant messaging platforms, establishing virtual intimate relationships before inducing them to make crypto investments through fraudulent platforms.

ChainCatcher news, the Hong Kong Securities and Futures Commission has updated the list of suspicious investment products, reminding the public to be wary of suspicious investment products "9M AI Stable Fund" and "9M AI Strategy Fund", which claim to involve investment strategies related to virtual assets and offer additional benefits, including through

ChainCatcher news, the Taiyuan City Wanbailin District Prosecutor's Office has recently successfully handled a case involving the use of Virtual Money to conceal and disguise criminal proceeds. The criminal suspects Chen and Li assisted fraudsters in transferring criminal proceeds of 1.47 million yuan through the method of "cash → USD → USD". The court adopted the sentencing recommendations from the prosecution, sentencing the two to two years and six months and one year and six months in prison, respectively, and imposing fines. This case reveals a new type of criminal method of "investment eyecatching + Virtual Money Money Laundering". The prosecution has joined relevant units to carry out anti-fraud publicity, reminding the public to be vigilant against such covert cross-border fund transfer crimes.

PANews December 1st news, according to SoSoValue data, in the past month, BTC has fallen by 21.41%, and ETH has fallen by 26.68%. In the past month, among the top 100 crypto assets by market capitalization, 10 coins have fallen by more than 40%, including: Virtuals Protocol (VIRTUAL): fall 55.60%, current price 0.8142 USD. IP Story (IP): fall 49.00%, current price 2.29 USD; Pudgy Penguins (PENGU): fall of 46.59%, currently priced at 0.00971 USD; Bittensor (TAO): down 45.94%, current price 268.8 USD; Aptos

PANews reported on November 30 that the People's Bank of China recently held a meeting of the coordination mechanism for combating virtual money trading speculation. At this meeting, financial regulatory authorities defined stablecoins for the first time, clarifying that stablecoins are a form of virtual money. Currently, they cannot effectively meet the requirements for customer identification, AML, and other aspects, and there is a risk of being used for money laundering, fundraising fraud, and illegal cross-border fund transfers. The meeting reiterated the need to continue cracking down on illegal financial activities related to virtual money. However, industry insiders believe that this meeting will not affect the layout of stablecoins in Hong Kong, but speculation on stablecoins in mainland China will be severely suppressed. Moreover, relevant entities in the mainland will see their scope for future stablecoin layouts in Hong Kong shrink significantly, being more limited to practical application scenarios such as cross-border payments and supply chain finance.

The phenomenon of cryptocurrency trading diversion is infiltrating mainstream platforms such as Xiaohongshu and Taobao. The content appears to be for sharing, but in fact, it guides users to participate in cryptocurrency trading. Industry insiders are calling for strengthened regulation and cooperation between platforms and users to address this chaos. The Central Bank will also continue to crack down on virtual money transactions.

Golden Finance reports that on November 28, 2025, the People's Bank of China held a coordination meeting to combat the speculation and trading of Virtual Money. The meeting emphasized that Virtual Money does not have the same legal status as legal tender, does not have legal compensation, and should not and cannot be circulated as money in the market. Activities related to Virtual Money are considered illegal financial activities. Stablecoins are a form of Virtual Money that currently cannot effectively meet customer identification, anti-money laundering, and other requirements, posing risks of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers. (People's Bank of China website)

Golden Finance reports that the licensed virtual asset management company Pando officially announced that its Ether ETF will be listed on the Hong Kong Stock Exchange on December 3, with the stock code 3085.HK. This ETF directly holds Ether and uses the CME CF Ether-Dollar Index (Asia-Pacific closing price) as the Benchmark. Hong Kong investors can use their existing securities accounts to trade through cash or physical subscription methods. The minimum trading unit is 100 shares, and the minimum subscription amount is 850 HKD.

ChainCatcher news, TRON officially announced that the java-tron v4.8.1 pre-release version has been officially launched on the Nile Testnet and is a mandatory upgrade version, calling on all Nile nodes to complete the update as soon as possible. This upgrade covers multiple key modules, including the consensus core, virtual machine, network, event service, and API, aiming to further enhance the overall capabilities of the TRON network in terms of performance, security, and cross-architecture compatibility. According to the official website of the Nile Testnet, this upgrade has significantly improved the performance of the TRON network in terms of architectural compatibility, virtual machine security, network stability, event and API query capabilities, and development toolchain: new support for ARM architecture, introduction of TIP-6780 to adjust the SELFDESTRUCT instruction, and for P2P.

Turkmenistan has legalized and regulated digital assets through legislation, including Crypto Assets exchanges and Mining companies, aiming to attract investment and promote digitization. The legislation will take effect on January 1 and clarifies the legal and economic status of virtual assets.

Gate News bot message, according to the Gate platform announcement on November 28, 2025: Gate will launch SUPERFORTUNE on November 28, 2025, at 20:00 UTC+8 with spot trading for the trading pair GUA/USDT. (. SUPERFORTUNE is an AI-driven prediction market engine project incubated by Manta Labs, which combines Chinese metaphysics with the cryptocurrency market to identify price patterns. GUA, as the project's native token, is primarily used to unlock wealth reports, purchase virtual items within the platform, and serve as an in-app payment currency. The token is issued on the BSC network, and the contract address is 0xA5C8e1513B6A08334b479fe4D71F1253259469BE.

PANews reported on November 28th that, according to Yonhap News Agency, on the 28th local time, the Chairman of the Financial Services Commission of South Korea, Lee Ik-yeon, stated at the "19th AML Day" commemorative ceremony held at the Financial Intelligence Analysis Institute that the regulatory scope of the "travel rule" known as the "real-name system for Crypto Assets" will be expanded to transactions below 1 million won (approximately 680 USD). He emphasized that there will be a strict crackdown on Money Laundering activities conducted through virtual asset transactions and prohibited virtual asset transactions with overseas exchanges that have a high risk of Money Laundering. In addition, a strict review mechanism will be established to comprehensively review the criminal records, financial status, and social credit of major shareholders of virtual asset operators.

Hong Kong Xiaofei Asset Management Co., Ltd. urgently donated $100,000 to support the community affected by the Tai Po fire, reflecting corporate social responsibility. The donation will be distributed to affected families and rescue personnel through the Hong Kong Youth Student Power Fund, while also innovatively launching channels for donations in both traditional and virtual assets.

ChainCatcher news, the People's Procuratorate of Yuhua District, Changsha City disclosed a "Pig-butchering scams" case, with 11 individuals involved being convicted. The gang defrauded approximately 340,000 Yuan in total. The "Pig-butchering scams" evolved from the traditional "Pig-butchering scams" and specifically targets foreigners. In March 2024, Liu and Li established a fraud gang in Yuhua District, with clear divisions of labor: 8 salespeople disguised as "financial elite women" sought out foreign male targets on overseas social platforms, using emotional fraud tactics to lure victims into investing in virtual money on a fake platform.

On November 25, news came that the Investor Advisory Committee of the U.S. Securities and Exchange Commission (SEC) will hold a virtual public meeting on December 4, 2025, focusing on topics such as changes in corporate governance regulation and equity securities tokenization. The meeting will also explore potential recommendations regarding the disclosure of the impact of artificial intelligence on the operations of issuers. This meeting will begin at 10 AM Eastern Time and will be streamed live on the SEC's official website.

Gate News Bot news, on November 25, according to CoinMarketCap, as of the time of writing, HEMI (Hemi) is currently priced at $0.02, having risen 18.36% in the last 24 hours, with a highest point of $0.02 and a lowest point of $0.02. The current market capitalization is approximately $22.7 million, an increase of $3.52 million compared to yesterday. It currently ranks 707th in the market capitalization of Crypto Assets. Hemi is a blockchain project focused on the programmability of Bitcoin, aiming to combine the security of Bitcoin with the flexibility of Ethereum. The project achieves Bitcoin-level security through the Proof-of-Proof (PoP) consensus mechanism while maintaining the speed and flexibility of a second-layer network. The Hemi Virtual Machine (hVM) encapsulates a complete Bitcoin node within the EVM, allowing developers to create directly with Bitcoin.

The Japanese Financial Services Agency will require encryption exchanges to establish responsibility reserves to protect customers from security vulnerabilities and operational risks, promoting the regulatory integration of virtual money with traditional securities. This new regulation aims to ensure the operational capacity of exchanges and the safety of customer funds, while also promoting the development of encryption investment products and market competition.

The cryptocurrency asset tax system originally scheduled to be implemented in South Korea in 2027 may face a fourth delay due to the inadequacy of its core system. Industry insiders are calling for a prompt clarification of the tax subjects and methods to maintain trust in the system. The number of users on domestic virtual asset exchanges has reached 10.77 million.

The International Business Digital Technology plan will allocate up to 28 million shares in 2025, at HKD 3.60 per share, with an expected net amount of HKD 99.72 million, mainly for the development of new technologies, expansion into overseas markets, and general operating funds.

Christopher Liu, Chief Compliance Officer of Matrixport, emphasized new trends in regulation in the Asia-Pacific region during his presentation on "APAC’s Compliance Vision for 2026," including the construction of real-time compliance systems and the application of AI in AML, noting that compliance capabilities are becoming the core competitiveness of virtual asset institutions.

According to a report from Jinse Finance, the crypto assets trading platform Bitso has released a latest report indicating that Latin America is experiencing a breakthrough year in the adoption of crypto assets. The Coinchange regulatory report shows that the usage rate of crypto assets in the region is expected to rise by 116% in 2024 and by another 65% in the first half of 2025, with the total number of users now exceeding 57 million. This significant rise is mainly attributed to the improved regulatory environment, the increasingly mature market, and the positive regulatory initiatives in the US and Europe. Brazil has become a regional regulatory leader with the enactment of Law No. 14,478 in 2022, establishing a comprehensive encryption framework; Chile has laid the foundation for digital assets through the 2023 Fintech Law; Mexico's 2018 Fintech Law is one of the earliest regulatory frameworks in the world to officially recognize virtual assets. Bitso's Chief Corporate Affairs Officer Felipe Vallejo stated that now is the time to build a modern and flexible

Gate News Bot news, on November 19, according to CoinMarketCap data, as of the time of this report, BEAT (Audiera) is currently priced at $0.46, with a rise of 15.97% in the last 24 hours, reaching a high of $0.55 and a low of $0.24. The current market capitalization is approximately $64 million, an increase of $8.81 million compared to yesterday. Audiera is a Web3 project that integrates 20 years of dance tradition, resurrecting the memories of 5.6 million dancers on the blockchain. Users do not need to download an app; they can simply connect their wallet to enter a new era with AI idols Kira and Ray. The platform supports dancing on Telegram and combines virtual and reality through fitness mats, allowing users to dance while working out and earn double rewards. BEAT is the native token of the Audiera platform.

According to Foresight News and reports from the Korean Central News Agency TV, the South Korean customs is carrying out a special crackdown on illegal fund smuggling and Money Laundering activities, which involve transnational crime. Over the past five years, South Korean customs has seized approximately 11.4 trillion won (about 7.8 billion USD) related to Money Laundering. Among these, 83% (nearly 10 trillion won, about 6.8 billion USD) was conducted through virtual assets. Last month, five individuals were arrested for using stablecoins like Tether to conduct transactions worth 920 billion won (about 628 million USD) between South Korea and Vietnam. They have been accused of illegally transferring funds approximately 78,000 times, including converting won into virtual assets and sending them. In response to such crimes, the customs department has established a special task force to carry out stringent crackdown operations.

Firas Isa, founder of Virtual Assets LLC in Chicago, has been charged with money laundering using crypto assets ATMs, with the amount involved exceeding 10 million dollars. Isa and the company both plead not guilty, and the case is scheduled for a hearing on January 30, 2026.

Gate News Bot news, on November 19, according to CoinMarketCap data, as of the time of writing, SOON (SOON) is currently priced at $1.42, with a 2.60% rise in the last 24 hours, reaching a high of $5.04 and a low of $1.23, with a 24-hour volume of $162 million. The current market capitalization is approximately $421 million, an increase of $10.7 million compared to yesterday. SOON currently ranks 116th in the global Crypto Assets market capitalization. SOON is an efficient decoupled SVM (Solana Virtual Machine) technology stack designed to provide Solana-level performance for every blockchain. The SOON mainnet is currently live on Ethereum, BNB Chain, and Base Chain. The project's core technological innovations include decoupled SVM, Merklization, Firedancer integration, and horizontal scaling, etc. SO

Gate News Bot message, on November 19, according to CoinMarketCap data, VIRTUAL (Virtuals Protocol) is currently priced at $1.13, with a rise of 6.48% in the last 24 hours, reaching a high of $1.45 and a low of $1.05. The 24-hour volume has reached $186 million. The current market capitalization is approximately $738 million, an increase of $44.9 million compared to yesterday. Virtuals Protocol is an AI agency social platform dedicated to building a self-sustaining online business ecosystem. The platform allows users to create and interact with AI agents, facilitating automated business activities and social interactions. Important news about VIRTUAL recently: 1️⃣ **Price volatility increases** VIRTUAL in the past one

According to Foresight News, citing two informed officials from Reuters, Brazil is considering taxing international payments made with Crypto Assets. One insider revealed that the country's Ministry of Finance is contemplating expanding the scope of the financial transaction tax to include certain cross-border transfers made using virtual assets and stablecoins, which have been classified by the country's Central Bank as forex transactions. The Brazilian Ministry of Finance declined to comment on the matter to Reuters.

Futu Holdings' Q3 2025 financial report shows total revenue reached HKD 6.403 billion, a year-on-year rise of 86.3%; net profit was HKD 3.312 billion, up 136.9%. The platform's virtual asset trading volume increased by 161% quarter-on-quarter, and the number of users rose by 87%. At the same time, it participated in the Central Bank digital currency project and launched the Huaxia Solana ETF.

BlockBeats news, on November 17, reported by East Net, Vantone Insurance announced an investment option linked to the "virtual asset fund" and has completed the review process with relevant regulatory agencies. Specific details regarding the new investment connected to life insurance product investment options will be disclosed in due course. Previously reported, Yunfeng Financial acquired 60% of the shares of Vantone Insurance Asia in the U.S. (2018) and integrated licenses for securities, insurance, and asset management, gradually building a "finance + technology" ecological closed loop.

Gate News Bot news, on November 17, according to CoinMarketCap data, as of the time of writing, FIL (Filecoin) is currently priced at $1.96, down 3.60% in the last 24 hours, with a high of $2.89 and a low of $1.88, and a 24-hour volume of $339 million. The current market capitalization is approximately $1.408 billion, a decrease of about $52.65 million from yesterday. FIL currently ranks 53rd in the market capitalization leaderboard of Crypto Assets. Important news about FIL recently: 1️⃣ **Build cross-chain data bridges in collaboration with Avalanche** Filecoin is collaborating with Avalanche to develop a native cross-chain data bridge, connecting the Filecoin virtual machine and Avalanche C-Chain. This collaboration aims to achieve modularity.

Odaily News The Hong Kong Securities and Futures Commission has listed a virtual asset trading platform named "HKTWeb3" on its list of suspicious virtual asset trading platforms, and noted that the platform has not obtained a license from the Hong Kong Securities and Futures Commission. Its website claims to be cooperating with a licensed virtual asset trading platform, but that platform has confirmed that it has no relationship with HKTWeb3.

The U.S. Department of Justice seized USDT worth $15 million, and five defendants pleaded guilty to assisting North Korea in obtaining fake IT positions, affecting 136 U.S. companies and resulting in identity information leaks. Meanwhile, the North Korean hacker group APT38 has been stealing virtual money overseas, and the government is seeking to confiscate it to return to the legitimate owners.

PANews, November 14 - The Hong Kong Securities and Futures Commission officially announced that Lam Fung-yee has been reappointed as the Chief Executive Officer for a term of two years, effective from January 1, 2026. It is reported that Lam Fung-yee has served as the Chief Executive Officer of the Hong Kong Securities and Futures Commission since January 1, 2023, during which she launched a licensing system for virtual asset trading platforms and issued a roadmap for virtual assets, which is relatively friendly to the digital asset industry and described the future of digital assets as vibrant and promising. She also mentioned that the regulatory concept of applying the same business, same risks, and same rules would include the regulation of encryption OTC Trading and custodial institutions.

PANews, November 14 - According to The Block, the yield-generating tokenized XRP product mXRP developed by Midas in collaboration with Axelar developer Interop Labs is expanding to the BNB Chain through integration with the lending protocol Lista DAO on the network. This integration allows mXRP to be used as collateral in the Lista lending market, enabling holders to earn both the basic yield of mXRP and additional DeFi returns in liquidity pools and the lending market. This expansion allows mXRP to break through its existing application scope on the XRP ledger and the Ethereum Virtual Machine (EVM) sidechains.

The Eighth National Criminal Trial Work Conference emphasized the maintenance of cybersecurity in cyberspace and proposed three requirements: strengthening judicial rules regarding Virtual Money, online live broadcasting, and cybercrime; cracking down on cross-border online gambling and crimes infringing on personal information; and promoting regulatory responsibilities for online platforms.