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PANews, January 21 – According to Cryptopolitan, Nikolay Shulginov, Chairman of the Russian Energy Committee, stated that illegal cryptocurrency mining causes losses of over 20 billion rubles (approximately $250 million) annually to Russia's economy and energy sector, resulting in power shortages, grid overloads, and affecting other users including social facilities and newly built residential areas. Since the end of 2024, Russia has legalized crypto mining, requiring practitioners to register with the Federal Tax Service and pay taxes. However, currently, less than one-third of practitioners have completed registration. This week, the State Duma submitted a bill proposing administrative fines of up to 2 million rubles for illegal mining, with repeat offenders facing fines of up to 10 million rubles. Shulginov further suggested introducing criminal liability, and the Ministry of Justice has also proposed imprisonment or "compulsory labor" for unregistered miners. In addition, the Duma has passed a bill in its first reading authorizing the Ministry of Finance to regulate the crypto market (including mining) to eliminate administrative barriers and increase the industry's registration rate.

PANews, January 21 – Bitget recently released the Universal Exchange (UEX) white paper, systematically outlining the exchange's plan to evolve from a single crypto asset platform into a unified financial system covering multiple asset classes. The white paper was authored by Ryan Lee, Chief Analyst at Bitget Research Institute, and co-authored by Bitget CEO Gracy Chen. The report elaborates on the Universal Exchange (UEX) framework, aiming to deeply integrate centralized finance, decentralized finance, and traditional financial markets through a unified account system. This approach seeks to break the "impossible triangle" dilemma faced by CEX and DEX, achieving a synergistic balance between user experience, asset diversity, and security. Gracy Chen pointed out that the essence of UEX is to eliminate the fragmentation of asset access. Currently, under the Universal Exchange UEX model, Bitget has already integrated core sectors such as on-chain, US stocks, TradFi, and AI. With the global scale of tokenized assets expected to exceed 1 trillion USD before 2030, this white paper not only provides systematic theoretical support for the panoramic layout of mainstream exchanges like Bitget, but also serves as an industry reference blueprint, offering key guidance for fintech institutions in the next stage of accelerated integration between crypto and traditional finance. In addition, the official Bitget platform has successively released three short films centered around UEX, using historical development as the narrative background to present the strategic vision of UEX.

BlockBeats News, January 21st, according to OnchainLens monitoring, in the past 3 hours, a whale address spent 26.85 WBTC (approximately $2.39 million) to buy 490.4 XAUT gold tokens at a price of $4,877 per token. Address: 0x0a8d1805c1c415ae6d11eaa29728ec8d3289ef0e