News

ChainCatcher news, according to Decrypt, the United States Secret Service will cooperate with the UK National Crime Agency, the Ontario Provincial Police, and the Ontario Securities Commission, among other agencies, to launch an international joint operation called "Operation Atlantic." The aim is to combat cryptocurrency scams such as "authorized phishing" or "pig butchering." These scams typically lure victims into granting access to their funds through fake online romantic relationships.

BlockBeats News, March 17, the South Korean Police Department recently completed a draft of virtual asset seizure management orders, for the first time including guidelines related to "privacy coins" (cryptocurrencies with strong anonymity features, such as privacy tokens) in the regulations, specifying a hot wallet management plan. Privacy coins, due to their untraceable nature, have been used in criminal cases such as the "Nth Room" and North Korean money laundering activities. Over the past 5 years, virtual assets confiscated by the South Korean police department are estimated to be approximately 54.5 billion Korean won at the current market price, with around 50.7 billion Korean won in Bitcoin and around 1.8 billion Korean won in Ethereum. The Police Department plans to complete the selection of private custody institutions in the first half of the year.

PANews March 17 news, Matrixport published an analysis today stating that Ethereum has experienced a relatively sharp correction in this cycle, with prices falling by about 63% cumulatively. Currently, the trend is testing the technical resistance at the upper edge of the downward channel. From the perspective of driving factors, the recent price recovery is more related to options capital flows and the Gamma hedging mechanism, while there have not been significant changes in fundamentals. Although ETF demand has rebounded somewhat, derivatives positions remain one of the key factors affecting recent price movements. The financial asset characteristics of Ethereum are becoming increasingly apparent, and the impact of market structure, position distribution, and derivatives capital flows on price is rising. This has led to a certain degree of decoupling between the recent performance of crypto assets and other major asset classes, making the traditional risk-on/risk-off analysis framework somewhat limited in explaining its price behavior. The crypto market may be forming a more independent pricing logic, in which changes in position structure and capital flows are worth continuous monitoring.