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Central bank officials: Continuously apply high pressure to combat money laundering crimes, and constantly enhance the quality and efficiency of investigation, prosecution, and trial of money laundering crimes

ChainCatcher news, according to a report by The Paper, at the 14th China Anti-Money Laundering Summit and the 4th Lujiazui National Financial Security Summit, Wang Jing, Deputy Director of the Anti-Money Laundering Bureau of the People's Bank of China, pointed out that in recent years, national public security, prosecution, and judicial authorities have continuously increased their efforts to combat money laundering crimes, with the number of cases investigated, prosecuted, and tried steadily rising.With the emergence of new technologies and new business models, criminals are constantly innovating their money laundering methods, using illegal payment platforms, virtual currencies, e-commerce or live streaming platforms, game currencies, and other means to transfer and conceal criminal funds. They also mix various payment methods such as bank accounts, virtual currencies, and cash, making money laundering techniques more diverse and covert, which increases the difficulty of detection and investigation.Wang Jing emphasized that a high-pressure stance must be maintained in the ongoing crackdown on money laundering crimes, continuously improving the quality and efficiency of investigations, prosecutions, and trials.

4E: The US dollar and US Treasury yields continue to rise, with the Dow Jones Industrial Average falling for three consecutive days, putting pressure on risk assets

ChainCatcher news, according to 4E monitoring, on Wednesday, the three major U.S. stock indices fell, influenced by weak stock prices of Apple and Nvidia. Investors sold off technology stocks, chip stocks, and AI concept stocks, dragging the Nasdaq down by 1.60%, leading the decline, while the Dow and S&P both fell about 1% and have declined for three consecutive days. The cryptocurrency market followed the general downturn of U.S. stocks, with Bitcoin briefly approaching $65,000. As of the time of writing, Bitcoin is at $67,300, up 0.36%, while Ethereum is at $2,550, down 2.43%.In the foreign exchange and commodity markets, as the election approaches, investors are weighing the possibility of a significant victory for Trump, which is considered the most favorable outcome for the dollar. The dollar index rose over 0.3% to near a three-month high, with the yen, euro, and pound all declining. Spot gold approached $2,760 during the session, setting a historical high for five consecutive days. Subsequently, the dollar and U.S. Treasury yields rose together, putting pressure on precious metals, turning gains into losses. Spot gold fell 1.2% at the close, while spot silver briefly dropped 4%, departing from its twelve-year high. Last week, the EIA crude oil inventory increase exceeded expectations, putting pressure on oil prices, with U.S. oil falling over 1.3%, ending a two-day rise.The Federal Reserve's Beige Book released on Wednesday showed little change in U.S. economic activity, with an increase in hiring by businesses and continued easing of inflationary pressures. With a series of strong economic data released recently, expectations for Fed rate cuts have weakened, coupled with "Trumpflation" prompting the market to reconsider rate cut expectations, especially for next year, leading to a sustained rise in the dollar and U.S. Treasury yields, which pressured risk assets. The stock market, commodities, cryptocurrencies, and non-U.S. currencies were generally under pressure. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodity gold, and foreign exchange. It recently launched a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.
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