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According to Inner City Press, the United States Securities and Exchange Commission has requested a stay of proceedings in the case United States Securities and Exchange Commission v. Justin Sun and the TRON Foundation in the Southern District of New York, in order to allow the…

Police in Jeju, South Korea, are investigating the murder of a Chinese national believed to have been killed during a cryptocurrency transaction. Jeju West Police Station announced that four Chinese nationals—two women and two men, including one in his 60s — are under investigation for the killing of a man in his 30s at a luxury hotel in Jeju City on February 24, according to local news outlets. The suspects allegedly fled with 85 million won ($63,500) belonging to the victim, according to local media. The case came to light when an acquaintance of the victim reported him missing after he failed to return from a cryptocurrency deal. Police arrived at the hotel room around 5:10 p.m. and found the victim dead with multiple stab wounds. Shortly after, one suspect, a woman in her 30s, surrendered at a police station in Seogwipo. Authorities then apprehended two other suspects at Jeju International Airport as they attempted to leave the country. The fourth suspect, a man in his 60s, was arrested at a hotel casino. Police are now focusing on whether the suspects planned the attack in advance or if it was a dispute that escalated into violence. According to initial statements, the woman who turned herself in may have played a central role in the crime. Investigators are analyzing phone records, security footage, and transaction history to determine the exact sequence of events. Authorities confirmed that all four suspects entered South Korea on tourist visas and had no prior records of illegal activity in the country. However, police are also looking into whether they were part of a larger network involved in cryptocurrency-related crimes. Given the rising number of fraud and violent cases linked to digital asset transactions, law enforcement agencies in Jeju have increased monitoring of such activities.

A Chinese man was killed while trading cryptocurrency at a luxury hotel in Jeju City, South Korea. South Korean police have arrested four Chinese suspects. The four people took away the victim's 85 million won in cash and absconded

Crypto trading in India is booming, with volumes hitting nearly $2 billion as small-city investors seek financial stability amid sluggish job and wage growth. Crypto trading volumes in India jumped to $1.9 billion in Q4 2024, more than doubling from the previous quarter, as smaller-city investors sought new income sources amid weak job growth and wages, Reuters reports . Tighter stock market regulations and growing curiosity about cryptocurrencies have pushed more traders toward crypto. Many young Indians, previously trading stocks and derivatives, now see digital assets as an alternative “especially with Trump becoming the U.S. president and the entire flavor of crypto changing world over,” said Edul Patel, co-founder of Mudrex, an Indian crypto exchange,” said Edul Patel, co-founder of Mudrex, an Indian crypto exchange. Retail traders are driving most of the activity, exchange executives told Reuters. Out of the top 10 cities leading crypto adoption in 2024, seven were smaller cities like Jaipur, Lucknow, and Pune, where people are turning to crypto for extra income. Despite high taxes and regulatory uncertainty, India’s crypto market is projected to grow beyond $15 billion by 2035, says Kush Wadhwa, partner at consulting firm Grant Thornton Bharat. With crypto booming among retail investors, U.S.-based exchanges are looking to capitalize on the trend. As crypto.news previously reported, Kraken is preparing to re-enter the Indian market after being banned in 2024 for anti-money laundering violations. Its rival, Coinbase , is also considering a return after facing resistance from the National Payments Corporation of India and reported “informal pressure” from the Reserve Bank of India.

The plan by Hong Kong Asia Holdings to expand its Bitcoin reserves has piqued market interest. After originally showing an unexpected rise in its stock price following its first acquisition, the company has just been authorized to purchase more Bitcoin. Behind this audacious action, though, the Hong Kong government is simultaneously developing a new plan to turn the city into a worldwide virtual asset hub. 💥BREAKING: Hong Kong Asia Holdings just got approval to buy more Bitcoin for its balance sheet! ASIA IS BULLISH ON #BITCOIN 🚀 pic.twitter.com/1otVu0SEE2 — Crypto Rover (@rovercrc) February 23, 2025 The board of directors of Hong Kong Asia Holdings has at last approved increased Bitcoin investment. Using internal funds valued at HK$5.9369 million, the corporation recently bought about 7.88 BTC. Their total Bitcoin holdings now stand at 8.89 coins thanks to this transaction; their average cost per Bitcoin is roughly HK$756,200. Originally, the first acquisition of one Bitcoin on February 16 instantly raised the stock price of the company by approximately 93%. In a few days, It is logical that market players are closely observing this next phase with tremendous excitement. Still, the choice to keep accumulating Bitcoin is not only about normal investment. This underscores a growing trend in Hong Kong, where businesses are beginning to see digital assets as a component of their long-term financial plan. On the other hand, the government of Hong Kong is not just sitting around. According to CNF , the city has presented a fresh road map to help it to remain a worldwide virtual asset hub. This phase covers several facets, including staking services, tighter licensing rules, and growing the digital trading environment. Under this approach, Hong Kong intends to grow derivatives trading services, OTC (over-the-counter), digital asset custody, and crypto asset financing. Attracting additional global liquidity and persuading institutional investors that Hong Kong is a safe and reliable location for their digital investments are obviously the main objectives. This action also fits the growing local businesses’ curiosity in Bitcoin and other cryptocurrencies. More companies may follow in the footsteps of Hong Kong Asia Holdings with better rules and government backing. Regarding digital asset rules, the Hong Kong government is well recognized to be rather proactive. Looking prepared to challenge other digital asset hubs like Singapore and Dubai, the city seems set with a new agenda including a spectrum of crypto-based financial services. Regulating changes, meanwhile, also provides certain difficulties. Not all market actors can react as fast as restrictions get stricter. The new criteria might overwhelm some companies, particularly those used to operating in a more free environment. For larger companies like Hong Kong Asia Holdings, though, this legislation might really be a benefit. More institutions may join the market if more rules help to lower the uncertainty risk. Given more companies beginning to buy Bitcoin, one wonders whether this will develop into a new trend in Hong Kong. Should the government be successful in transforming the city into a virtual asset hub, we could observe increasing public corporations, including Bitcoin, on their balance sheets.