Bitcoin surged to a new all-time high near $81,000 with futures premiums spiking, indicating investors are optimistic about further gains following U.S. elections. Open interest in bitcoin surpassing $90,000 rose to over $2.8 billion on Deribit, showing a strong bullish bias in the options market. CME futures premiums for bitcoin and ether soared to 14%, signaling growing interest from risk-takers positioning for more upside in the cryptocurrency market.
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Criminal proceeds recovery: Innocent investors have cash locked in money-launderer Cathay Hua’s assets
Ye “Cathay” Hua laundered at least $18 million for Xavier Valent’s drug syndicate and is currently serving a seven-and-a-half-year prison sentence. An investor, Min Hu, who unknowingly invested over $61,000 in Hua's company, is engaged in a complicated court battle to recover her money, which is crucial for her house deposit. This amount, part of which was a wedding gift from her parents, is small compared to the hundreds of millions handled by Hua's enterprise...
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