According to the Associated Press, Cambodian and American drug enforcement agencies announced on Friday that they have uncovered a cryptocurrency money laundering network used by the Sinaloa drug trafficking group. Cambodian anti drug police, in collaboration with the US Drug Enforcement Administration, seized approximately $7 million worth of cryptocurrency related to the Sinaloa drug trafficking group, arrested multiple individuals, and seized assets, drug production laboratories, and storage facilities.

According to Lookonchain monitoring, an address copied an incorrect wallet address from transaction history and transferred money, resulting in a loss of $2 million.

[BASECAT Market Cap Surpasses $35 Million to Hit a Record High, Now Drops to $33 Million] According to GMGN data, influenced by its inclusion in the Coinbase roadmap, BASECAT's market cap surpassed $35 million to reach a new high, now retreating to $33 million.

Jump Crypto has transferred 1140 BTC worth $88.98 million to Binance in the past 30 minutes for sale. （Onchain Lens）

According to Bloomberg, AI cloud company Nscale is seeking to raise up to $3 billion through a US IPO.