Gate News message: According to Gate’s official announcement, Gate’s stock section has launched pre-IPO SPACEX perpetual contract trading, with USDT settlement. This contract supports 1–10x long and short operations, and the leverage ratio can be selected by the user at the time of placing the order. SpaceX was founded by Elon Musk in 2002 and is the world’s largest commercial aerospace company. This contract is set up based on SpaceX’s current pre-IPO stage, and is intended to provide market-based valuation and price discovery for its stock. The valuation unit is 1 billion; for example, if SpaceX’s company valuation is 800 billion USD, then 1 SPACEX is priced at 800 USD.

Gate News update, April 9, a South Korean court issued a ruling in an administrative lawsuit filed by a certain CEX operator against the Financial Intelligence Unit (FIU), deciding to overturn the prior three-month partial business suspension order. The court said that, in the absence of clear implementation guidance from the regulator, the operator had taken measures including customer undertakings and internal monitoring and had met its reasonable obligations. Although there is still debate over whether the measures are sufficient to fully prevent transactions with unreported counterparties, they do not support the earlier penalty decision.

Gate News reported that on March 18, Canada's Financial Transactions and Reports Analysis Centre (FINTRAC, Canada's financial intelligence unit) took concentrated enforcement action against 23 Money Services Businesses (MSBs) providing cryptocurrency-related services, revoking all their registration status at once, marking a further escalation of Canada's anti-money laundering regulatory efforts. The reasons for revocation of registration status include: failure to respond to information requests in a timely manner, non-compliance with registration eligibility conditions, and failure to update relevant records promptly and other compliance violations.

Gate News: On March 17, Sanctum, a Solana ecosystem liquid staking token (LST) protocol, announced the launch of Infinity V2. The new version achieves three core upgrades: support for real-time distribution of staking rewards per slot (the smallest time unit on the Solana blockchain), introduction of a yield smoothing mechanism to optimize user experience, and optimization adjustments to the underlying portfolio configuration. The INF token will be the first LST to support slot-level continuous yield distribution.

Gate News reports that on March 16, a certain address spent $1,163,753 on Polymarket to purchase the "Iran attacks Israel on March 10" event, which already has a 100% probability at a unit price of 99.9¢, currently profiting $600. The event will settle in approximately 13 hours. Additionally, Polymarket still does not charge fees for political events.

South Korea's financial intelligence unit imposed a 6-month partial shutdown and a 368 billion won fine on a certain CEX for violating anti-money laundering obligations. The inspection found numerous regulatory violations and customer identification issues. During this period, existing user transactions were not affected, but virtual asset transfers for new users were restricted.

MetaDAO announced on March 16 that it has determined the Ranger (RNGR) token redemption quantity, with a total of 6,137,825.101 tokens at approximately $0.822318 per token. 247 ineligible accounts were excluded, and users are advised to withdraw tokens to their wallets to participate in the redemption. The liquidation portal will go live on March 17.

Gate News report: On March 13, Onchain Lens monitoring showed that 7 hours ago, a whale purchased 86,259 HYPE at a unit price of $37.95, with a total value of approximately $3.27 million.

The Korea Financial Intelligence Unit has imposed sanctions on a certain cryptocurrency exchange for allowing users to transfer funds to unregistered overseas platforms and failing to implement KYC procedures, potentially facing a 6-month suspension of new customer services. The exchange previously lost $40 billion worth of Bitcoin due to operational errors and is now also under investigation for advertising regulation violations.

Gate News Announcement: On March 9, the Financial Intelligence Unit (FIU) of South Korea issued a preliminary notice to a certain CEX for suspected violations of the "Specific Financial Transaction Information Act," engaging in transactions with unreported overseas virtual asset service providers, and inadequate KYC procedures. The exchange has been temporarily suspended for "6 months with partial operation." Responsible personnel will be held accountable. This restriction mainly affects the virtual asset withdrawal function for new users. Existing users' KRW and crypto asset deposits, withdrawals, and trading are temporarily unaffected.