The fraud case involving virtual asset trading platform JPEX was re-heard at the Eastern Magistrates' Courts in Hong Kong on March 16, involving 8 defendants, including social media influencers and entertainers. The magistrate adjourned the case to June 1, while police have prosecuted 16 people in connection with this case.

Bill Gurley points out that the AI wave has caused many people to rapidly accumulate wealth, forming a bubble, and he anticipates a reset is coming. He advises investors to focus on undervalued SaaS stocks, as the current software sector is being impacted by AI, with related company stock prices declining significantly. Meanwhile, he expresses concern about the high cash burn rate of leading AI companies.

The "Outline of the Fourteenth Five-Year Plan for National Economic and Social Development of the People's Republic of China" released on March 17 proposes developing modernized infrastructure, strengthening the core industries of the digital economy, actively participating in international governance, and steadily advancing the construction of the digital yuan and Shanghai International Financial Center.

Gate News: On March 17, according to Coinglass data, the entire network experienced $570 million in liquidations over the past 24 hours, with $125 million in long liquidations and $446 million in short liquidations. A total of 127,807 traders were liquidated globally, with the largest single liquidation occurring on a certain CEX, valued at $6.9442 million.

Recently, multiple banks in the UK experienced system failures that allowed users to view other people's account information within a short time frame, raising concerns about data security. The outage lasted approximately 20 minutes and affected multiple banks, with serious exposure of sensitive information. The banks have fixed the issue and launched investigations. This incident once again highlights the vulnerabilities of traditional banking systems and the need for caution regarding digital financial services.

Recently, Gate News reported that the entire network experienced liquidations totaling $254 million over the past 24 hours, with long liquidations accounting for $82.0731 million and short liquidations accounting for $172 million. Bitcoin and Ethereum both experienced significant liquidations, affecting 78,105 people globally. The largest single liquidation occurred on the Hyperliquid platform, valued at $4.2402 million.

CertiK released a report showing that cryptocurrency ATM fraud losses in the United States reached $330 million in 2025, with a 33% increase. Fraud tactics are gradually escalating, with elderly people becoming the primary targets. AI-driven fraud has 4.5 times the profitability of traditional methods, and the threat from transnational criminal organizations continues to rise.

According to CoinGlass data, on March 11, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $205 million, involving both long and short positions. Both BTC and ETH experienced significant liquidations, affecting 95,427 people, with the largest single liquidation valued at nearly $2 million.

AI infrastructure company Nexthop AI completed a $500 million oversubscribed Series B funding round on March 11, valuing the company at $4.2 billion. Investors include several well-known venture capital firms, and the funds will be used to accelerate AI network infrastructure development and launch three new platforms. The team size has exceeded 300 people.

Founder of Shanda, Chen Tianqiao, shares in an exclusive interview the reasons for returning to AI business and his strategic layout, founding the large model company MiroMind, and emphasizing team philosophy and management principles. He has invested in over 100 AI startups and is dedicated to advancing intelligent technology.