Gate News: According to the latest Gate TradFi data, LI (Li Auto) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Gate News: According to the latest Gate TradFi data, LI (Li Auto) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Gate News update. On April 8, CZ (Changpeng Zhao) recalled in his new book that in July 2013, he first heard about Bitcoin during a poker game attended by investors and entrepreneurs. At the time, Cao Darong, general manager of G. Speed China, mentioned, "There’s a new thing called Bitcoin you can take a look at." After that, Li Qiyuan, CEO of Bitcoin China, further suggested that he allocate 10% of his assets to Bitcoin, when the Bitcoin price was $70. CZ revealed that while working in the sales of trading systems, he gradually became fond of playing Texas Hold’em, golf, and going to KTV.

Li Xiong, a core member of the Taizi Group, has been escorted back to China on suspicion of multiple crimes. Since 2021, the Huiwang Pay company he established in Cambodia has been involved in large-scale cryptocurrency transactions, becoming the largest online illegal marketplace.

Chinese police have escorted back to China the key figure Li Xiong, who is alleged to have led the Huione criminal network from Cambodia and faces charges including fraud and money laundering. The network is linked to a global illegal online trading system, which has handled more than $89 billion in crypto assets. Although the core members were arrested, the Huione system is still operating using new methods, reflecting the complexity of laundering crypto assets and the challenges faced by global regulation.

The Yinchuan City Xingqing District People's Court concluded a virtual currency investment dispute case. The plaintiff, Mr. Wei, entrusted the defendant to invest, and later, after requesting repayment due to an urgent need for funds and failing to obtain it, brought a lawsuit for "unjust enrichment." The court held that the matter should be governed by a mandate contract relationship, and ultimately, through mediation, the plaintiff withdrew the lawsuit and Li returned the invested principal, and both parties reached a settlement.

Gate News reports that on March 28, according to Hyperbot data, Ma Ji Da Ge Huang Li Cheng opened a new 10x leveraged long position in HYPE this morning, currently holding 9,000 HYPE. In addition, he also holds a 25x leveraged long position in Ethereum (currently holding 3,975 ETH) and a 40x leveraged long position in Bitcoin (currently holding 33 BTC). Currently, the total value of his positions is approximately $10.442 million, which has turned from profit to loss, with an unrealized loss of about $248,000.