People familiar with the matter said on Wednesday that the 57-year-old woman made "profits" from the previous three months of investments through more than 10 transactions that were transferred into her bank account. The purpose of this payment was to deceive the victim into believing it was a legitimate trading platform, while also serving as bait to lure her into further trading and investing more funds. When the woman was unable to withdraw her funds from the trading platform, she realized she had been scammed and she called the police last week.

People familiar with the matter said that several bank accounts from which the scammers collected money from the victim had been previously linked to other scams and had been flagged in the police's anti-fraud Scameter search engine database. If she used Scameter to check before making the fund transfer, , these losses can be avoided.

It is reported that Meso is a payment platform that more closely integrates digital assets and legal currencies, allowing users to more easily transfer funds on and off the chain. The on-ramp product integrates bank accounts and cards into crypto applications, allowing the latter to onboard users without first sending them to a centralized exchange to fund their wallets. The company’s team is a fintech-turned-cryptocurrency team, and its founders have previously worked at PayPal, Braintree, and Venmo.

According to reports, the Web3 social platform beoble aims to provide enhanced decentralized wallet-to-wallet communication. With a range of innovative features such as Earn, Follow, Discover and a rewards-based model tailored specifically for the Web3 community, beoble prioritizes user privacy, security and contribution.

PitchBook highlighted that the main crypto businesses that received funding mainly revolved around financial and technology solutions. These include tokenizing real-world assets, such as real estate and stocks on the blockchain, and building decentralized computing infrastructure. Some significant funding activity during the quarter involved crypto exchanges Swan Bitcoin and Blockchain.com, which secured $165 million and $100 million respectively. The most significant deal of the quarter also involved a $225 million investment in open-source blockchain development platform Wormhole.

Financial institutions’ growing interest in cryptocurrencies can be traced back to the launch of the first spot Bitcoin ETF in the United States late last year, according to PitchBook’s fourth-quarter report.

Judge Sean Lane said on Wednesday that he would grant Genesis’ request to convert GBTC shares into Bitcoin or cash, a process that would be facilitated by a broker and conducted step by step.

Founders Fund purchased Bitcoin on a large scale in 2014 and liquidated it before the crypto bear market in 2022, earning a return of approximately US$1.8 billion. It was one of the first institutional investors to participate in cryptocurrency investment.

Yesterday, Grayscale ETF GBTC had a single-day net outflow of US$51.81 million, setting a record low for Grayscale GBTC single-day net outflow. Except for Grayscale, the other 9 ETFs had a total net inflow of US$592 million, of which the largest single-day net inflow was The Bitcoin spot ETF is BlackRock ETF IBIT, with a single-day net inflow of US$250 million, accounting for 42.2% of the total single-day inflow. The current total historical net inflow of IBIT has reached US$3.75 billion. Followed by Fidelity ETF FBTC, the single-day net inflow was approximately US$188 million, accounting for 31.7% of the total inflow, and the total historical net inflow reached US$3.12 billion. It is worth noting that ARK Funds’ Bitcoin ETF ARKB has a single-day net inflow of US$136 million, with a total historical net inflow of US$918 million. It is about to become the third Bitcoin spot ETF with a net inflow of over US$1 billion.

As of now, the total net asset value of Bitcoin spot ETFs is US$32.42 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) has reached 3.48%, and the historical cumulative net inflow has reached US$2.77 billion.