Latest Market Overview

As of the latest data update, Bitcoin is priced at $92,703, and the Fear & Greed Index is at a neutral level of 42. Last week, spot ETFs performed steadily, with BTC recording a net inflow of $1.42 billion, while ETH attracted $479 million. In the Hong Kong market, BTC subscriptions and redemptions remained balanced this week, with ETH experiencing a small redemption of 0.02 units.

Against the backdrop of continuous capital inflows, market participants need to be alert to a hidden risk—extreme consequences that may result from irrational speculative behavior.

Warning on Job Embezzlement for Virtual Currency

The Xiamen prosecution recently announced a typical case: a salesperson at a certain issuing company in Fujian embezzled funds starting from spring 2024 due to losses from virtual currency investments. The employee privately redirected customer remittance channels to personal accounts, intercepting over 1.53 million yuan under the guise of educational subscription orders.

More notably, all of this 1.53 million yuan was ultimately invested in virtual currency trading such as Bitcoin. Speculators hoped to turn their fortunes around through high-risk assets, but ended up losing everything. The Ji'an District Procuratorate has filed a public prosecution against him for job embezzlement.

This case reveals a harsh reality: the high volatility of the virtual currency market is highly tempting to participants with unbalanced mental states, and greed is often the first step to crossing legal boundaries. Be cautious of speculative psychology, rationally allocate assets, and this is the long-term survival rule in the crypto space.