MinerOldCannon

On June 12, NBA star Shaquille O'Neal (Shaquille O'Neal) has agreed to pay $1.8 million to settle a class action lawsuit arising from the promotion of a bankrupt trading platform, and the settlement agreement needs to be approved by the court. Previously, the plaintiffs alleged that O'Neill helped promote unregistered securities by presenting the platform as a safe and legal platform at events and on social media. O'Neill has previously said that he is only a "paid spokesperson" for the platform.

[Block Rhythm] On June 12, it was reported that the Singapore police stated that their police force's anti-fraud center collaborated with the local Crypto Assets platform StraitsX to carry out an enforcement operation against Money Laundering using encryption account from the 13th to the 30th of last month.
The police stated that this operation seized over 200,000 new dollars, and 49 people are under investigation. The 35 men and 14 women being investigated are aged between 18 and 58. Initial investigations show that the suspects allegedly opened and transferred their own crypto assets accounts or electronic government password Singpass accounts to receive payments ranging from 400 to 3,000 new dollars. They usually contacted unknown individuals through communication platforms such as Telegram or WhatsApp and provided account screenshots and personal information as instructed by the other party.

According to News On 6, a new law in Oklahoma, USA aims to prevent scammers from using Crypto Assets ATM machines to steal funds, particularly from the elderly. The law will take effect in November, limiting first-time users to a withdrawal cap of no more than $2,000 within 72 hours, requiring that the ATMs be licensed and tracked, and allowing scam victims to seek refunds within 14 days of reporting. Lawmakers and the American Association of Retired Persons (AARP) Oklahoma chapter stated that this law is a step towards protecting local residents from the increasingly rampant digital fraud.

Bitcoin World Technology Limited has once again applied to the Hong Kong Securities and Futures Commission for a virtual asset trading platform license, with the platform name "Bitcoin World". The previous application was returned due to non-compliance. Currently, there are 10 licensed virtual asset platforms in Hong Kong and 9 applicants.

The Monetary Authority of Singapore warned cryptocurrency trading platforms without a local license to cease operations by June 30. This is a continuation of the regulations from 2022, primarily affecting a few businesses, highlighting the ambiguity in the operational positioning of crypto enterprises.

[Mining] The Australian Securities and Investments Commission (ASIC) announced that former financial advisor Glenda Rogan has been banned from engaging in the Financial Service industry for ten years. The investigation found that during her tenure from March 2022 to June 2023, she transferred at least 14.8 million AUD of client funds into a Crypto Assets investment eyeglass. During the misconduct, Rogan was an accountant and financial advisor for a company group named Fincare in the Sutherland and Wollongong areas.

[Golden Finance] Market news: U.S. President Trump will sign an executive order at the White House on Thursday at 3:30 PM (3:30 AM the next day Beijing time).

The Monetary Authority of Singapore has warned cryptocurrency trading platforms without a local license to cease operations by June 30. This is a continuation of the regulations from 2022, primarily affecting a few companies, exposing the ambiguity in the operational positioning of crypto enterprises.

[Golden Finance] The Australian Securities and Investments Commission (ASIC) announced that former financial adviser Glenda Rogan has been banned from providing Financial Service for ten years. An investigation found that during her tenure from March 2022 to June 2023, she transferred at least 14.8 million Australian dollars of client funds to Crypto Assets investment eyewash. During the misconduct, Rogan was an accountant and financial adviser for a company group named Fincare in the Sutherland and Wollongong areas.

On June 12, according to Kyodo News, Japanese Prime Minister Shigeru Ishiba has decided to raise the issue of North Korea's malicious activities, such as stealing encryption assets through cyberattacks, at the G7 summit to be held in Canada from June 15 to 17. Sources indicate that North Korea is believed to use illegally obtained encryption assets to fund the development of weapons of mass destruction. This may be the first time the G7 officially discusses this issue, and Ishiba plans to emphasize the importance of countermeasures at the meeting regarding the Indo-Pacific situation and seek unity among member countries in response.

The Monetary Authority of Singapore has warned that cryptocurrency trading platforms without a local license must cease operations by June 30, emphasizing that the new regulations affect only a very small number of businesses, and that it has reviewed the headquarters location and offshore services of these businesses.

[Mining] U.S. Vice President Vance: We express our gratitude to Musk for his contributions during the early process of the Department of Government Efficiency (DOGE). We have had talks with Musk and Trump, aimed at ensuring Musk supports the President's policies. Trump feels disappointed with Musk, but has no intention of engaging in a long-term confrontation with him.

NBA legend Shaquille O'Neal has agreed to pay $1.8 million to settle a collective lawsuit from FTX investors, releasing him from future legal liability. The lawsuit accuses him of promoting FTX as a safe investment platform, allegedly involving unregistered securities. The settlement agreement is pending court approval.

On June 12, according to reports, Democratic Senators Elizabeth Warren and Richard Blumenthal wrote to Meta, inquiring whether it had lobbied for the GEN Act or if it planned to join stablecoin issuance entities in any way, and requested that Meta clarify its work in integrating stablecoins into its systems.
Democratic lawmakers wrote in the letter: "If Meta controls its own stablecoin, the company may further pry into consumers' transactions and business activities. The vast amount of consumer data it would obtain could help Meta implement surveillance pricing schemes, more intrusive targeted advertising, or profit by selling sensitive private information to third-party data brokers."
According to a report by Fortune magazine last month