Billion-dollar money laundering case: 15 of 17 foreigners who fled Singapore agree to surrender S$1.85b of assets
Fifteen of the 17 foreigners who fled Singapore amid the probe in the S$3 billion money laundering case have agreed to surrender about S$1.85 billion (US$1.37 billion) worth of assets to the state, said the Singapore Police Force (SPF) on Monday (Nov 18).
Court orders have been made for the surrender of those assets, which forms 98.6 per cent of the total assets seized from them.
The police added the 15 foreigners have been barred from returning to Singapore and their cases had been "dealt with".
The cases involving the 17 foreigners fall under one of Singapore’s largest money laundering probes. Investigations began in 2021 with tip-offs on a group of foreigners using forged documents to launder money in the country.
This led to the simultaneous arrests of nine men and one woman - with origins in China - in moneyed estates around the country in August 2023.
In the months following the arrests, billions of dollars worth of assets linked to the offenders and other suspects on the run were seized - including hard cash, luxury properties, branded goods, cryptocurrency and alcohol.
Of the total assets seized from the 10 offenders or otherwise linked to them, about S$944 million worth of assets, or 92.1 per cent, were surrendered to the state, the police said on Monday.
The last of the 10 offenders was sentenced in June. All of them have been deported following their jail terms and are barred from re-entering Singapore
SPF added that it was advised by AGC that extraditing the 17 foreigners to Singapore would be difficult as their whereabouts are unknown, and that the available evidence may be insufficient for extradition.
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buy these and enjoy life. dyor
$INJ
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$TAO
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$WOO
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Why $PEPE Reaching $1 is Practically Impossible
The idea of PEPE, a meme coin, reaching $1 may excite some investors, but a closer examination of the numbers shows that this is highly unrealistic. Here’s why:
Market Capitalization Challenges
A cryptocurrency’s market capitalization is calculated by multiplying the price per coin by the total supply of coins in circulation. For PEPE to hit $1, its market capitalization would need to reach an astronomical $420 trillion.
Perspective on $420 Trillion:
This figure is over four times the annual global GDP, which is approximately $100 trillion.
It far exceeds the entire cryptocurrency market cap, which is currently just over $1 trillion.
Even Bitcoin, the most valuable cryptocurrency, has a market cap below $1 trillion.
Achieving such a valuation is not just improbable it’s economically impossible. The amount of money required surpasses the entire global economy’s wealth.
Fundamental Value and Adoption
PEPE, like many meme coins, derives its value primarily from social media trends and hype rather than a robust foundation or practical utility.
Utility Comparison:
Bitcoin and Ethereum have defined use cases, adoption, and infrastructure, which support their value.
Meme coins like $PEPE lack this fundamental utility and adoption, making it highly unlikely for them to sustain or justify a valuation anywhere near $420 trillion.
Without intrinsic value or widespread adoption, PEPE’s price potential remains limited.
Investor Awareness
While speculative hype often drives exaggerated expectations for meme coins, it is critical for investors to consider realistic figures and market dynamics. The notion of PEPE reaching $1 is more fantasy than fact, as it would require $PEPE to surpass the combined wealth of all countries on Earth a feat that is entirely unfeasible.
Disclaimer
This content is for informational purposes only. Investors should conduct their own research and exercise caution when investing in cryptocurrencies.
#Binance240MUsers #MemecoinWars
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🚨🚨Top Performing Memecoins: Massive Gains in the Last 30 Days!🚨🚨
Memecoins have taken the crypto world by storm, delivering massive performances over the past month. From viral memes to profit potential, these coins are proving their worth in the cryptocurrency market.
1. Dogecoin (DOGE): +160.33%
The original memecoin has surged by 160.33%, rewarding loyal holders and reclaiming its position as a market leader.
2. Shiba Inu (SHIB): +32.20%
SHIB gained 32.20% as its community-driven momentum and Shibarium development keep it relevant.
3. Pepe (PEPE): +102.51%
Pepe’s 102.51% growth shows its strength as a meme-based asset with increasing popularity.
4. Baby Doge (BabyDoge): +112.30%
BabyDoge achieved 112.30% growth, proving the power of its growing community.
5. Floki Inu (FLOKI): +37.03%
FLOKI rose by 37.03%, continuing to expand its ecosystem and capturing market attention.
6. Kishu Inu (KISHU): +57.93%
Kishu Inu posted a 57.93% increase, driven by robust community engagement.
Why Are Memecoins Pumping?
Social media hype, FOMO, and evolving utility are driving these impressive gains.
Should You Invest in Memecoins?
While gains are attractive, memecoins remain speculative. Research thoroughly, invest responsibly, and watch trends.
Memecoins have become a significant part of the crypto ecosystem. Will you take advantage of the next opportunity?
#BinancePoolFractalBitcoin #DeSciRising #MajorUnlocks
🚀 Crypto Token Unlocks This Week: Over $121 Million on the Line!🚀
This week, the crypto market is buzzing with significant token unlocks across various projects. Here's a quick rundown of what's coming:
- $AVAX : Unlocking $58.95m worth of tokens on Nov 18, 2024, primarily for Foundation Research and Community initiatives, with 65.93% already unlocked.
- $ROSE : On Nov 18, $14.75m will be freed, with 61.3% of the supply already unlocked. This unlock is aimed at Foundation Research and Community.
- $PIXEL : $11.0m worth of PIXEL unlocks on Nov 19, with 24.12% of the supply unlocked so far, mainly for Advisors.
- $EIGEN : Nov 19 sees $3.09m in #EIGEN tokens unlocked, with 12.9% of the supply already in circulation. This is largely for Community purposes.
- $ENA : $7.33m worth of ENA will be unlocked on Nov 20, with 13.11% of the supply unlocked. This is for the Community.
- $GAL : Nov 21, GAL unlocks $1.09m, with 67.96% of the supply already out. This is for Community initiatives.
Again on Nov 23, another unlock of $770.83k in GAL, 67.96% of the supply, for Founder/Team.
- $ADA : On the same day, $13.98m in ADA tokens get unlocked, with 85.19% of the supply already circulating, aimed at Community.
- $ID : Nov 22, $8.21m in ID tokens unlock, 40.86% of the supply, for Community and Marketing.
- $C98 : Lastly, on Nov 23, $2.40m in C98 tokens unlock, with 86.78% of the supply already out, for Community.
These unlocks could influence market dynamics, so keep an eye on these dates and figures if you're invested or interested in these tokens! 📈
Avail 🤝 Cartesi, and @ETHGlobal Bangkok showed just that!
Let’s highlight the winners of the @AvailProject x Cartesi joint track ⬇️
⚽ AI United
A football-like game where users can code, buy, or manage bots as players to compete in dynamic, team-based matches or club activities. Built with the help of rapier3d library rust Wasmer to execute Wasm inside Cartesi. This unique and evolving football world is powered by Cartesi Rollups and Avail DA.
Learn more: https://t.co/IaUEnbjkD9
💻 DegenOS
A decentralized OS that integrates six core applications, including DeFi and social apps like token swaps, block explorer, DeFi metrics, social lookup, etc. These apps offer seamless Web3 interaction with Web2-like usability, all secured by Cartesi Rollups with Avail as the DA layer.
Learn more: https://t.co/hIaLx3lqVp
Congratulations to the builders!
🚀 Solana's DeFi scene is buzzing! Memecoin mania is back, and it's raining fees and revenue. Raydium hit a record $11.3M, while Jito and pump.fun aren't far behind. Even Photon, the Telegram bot, is cashing in.
Meanwhile, SOL is on a joyride, hitting $242, its highest since 2021. Peanut (PNUT) skyrocketed over 2,700%, thanks to Elon Musk's shoutouts. And Dogwifhat (WIF) made a splash on Coinbase.
With SOL's market cap soaring to $112B, it's a thrilling time for DeFi enthusiasts. Feeling bullish? Share your thoughts below! 🚀💬
$EIGEN /USDT ALERT: Critical Zone Identified – Big Move Incoming! 🚨
$EIGEN is trading at 2.499, testing a key resistance zone. The recent bullish surge signals a breakout attempt. A clear move above 2.502 could push targets to 2.55, 2.60, and 2.65, with a stop loss at 2.45.
Alternatively, a rejection below 2.45 could trigger a drop to 2.40, 2.35, or even 2.30, with a stop loss at 2.51.
💡 Market Outlook: The pattern suggests a bullish bias, but resistance breakout confirmation is crucial. Tight risk management is advised.
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#BONKBURNmas #MajorUnlocks #BinancePoolFractalBitcoin #DEXXBreach #USDebt36Trillion
🚀🚀DOGE Coin will go to moon very soon 🚀🚀🚀
🕟Don't miss doge coin like Solana 🕟buy buy Dogecoin
✨Dogecoin Second Bull Flag Structure To Take Doge to $0.90✨
The latest Dogecoin rally has positioned the meme coin among the top gainers, with analysts pointing to further upside amid a bull flag formation.
Trader Tardigrade, a market expert, recently shared an analysis pointing to $0.90 as Dogecoin’s next target, citing the formation of a second bull pennant pattern on the 2-hour price chart.
The First Dogecoin Bull Pennant
The first bullish pennant formed between Nov. 5 and 7. This pattern began with an initial surge from $0.1677 to $0.2187, coinciding with market optimism following a significant geopolitical event—the victory of Donald Trump in the U.S. elections. This rally created the flagpole of the first pennant.
Dogecoin Forms the Second Bull Pennant
Following the rally to $0.4389, Dogecoin dropped and entered another consolidation phase. The latest price action mirrors the first bull pennant structure, with the recent surge forming a second flagpole. This rise, which pushed DOGE from $0.3 to $0.4389, set the stage for the ongoing consolidation.
Trader Tardigrade anticipates that this second pennant will soon lead to another breakout. If the formation plays out as expected, Dogecoin’s price could potentially skyrocket to $0.9. This projected move represents a 139% gain from its current level, similar to the magnitude of the first pennant’s breakout.
At press time, Dogecoin currently changes hands at $0.3752. One factor that could support the potential push toward the $0.9 level is a renewal of whale accumulation. The Crypto Basic confirmed yesterday that DOGE whales recently procured 160 million tokens in 24 hours.
#DogeArmyComeBack #DeSciRising $DOGE #DOGE/USDT
MicroStrategy buys 51,780 BTC for $4.6B
MicroStrategy bought 51,780 Bitcoin for $4.6 billion.
BTC averaged $88,627 when the corporation bought the tokens.
MicroStrategy has 331,200 Bitcoins.
On Monday, MicroStrategy stated it had bought 51,780 Bitcoin worth $4.6 billion at $88,627 each. Purchase increases business Bitcoin holdings to 331,200 BTC.
MicroStrategy buys $4.6 billion in Bitcoin.
The US presidential election and crypto market surge prompted MicroStrategy to buy Bitcoin twice.
The corporation reported buying 51,780 additional Bitcoin for $4.6 billion last week to the SEC. The corporation has 331,200 Bitcoins, at an average price of $88,627 per. MicroStrategy has spent $16.5 billion on Bitcoin at an average price of $49,874 during its purchasing binge.
MicroStrategy said the transaction was done using $4.6 billion from its November 11–17 share sale. Proceeds were utilized to buy more Bitcoin.
The company's 21/21 plan was for $42 billion in three years. The $21 billion in stock and debt will be used to buy more Bitcoin.
MicroStrategy became the biggest corporate Bitcoin holder last week, which may encourage individual investors to follow suit.
The company's year-to-date BTC yield is 41.8% and since October 1 is 20.4%.
Other news: Japanese investment company Metaplanet Inc. issued 1.75 billion Yen ($11.3 million) in bonds. The business said it will buy Bitcoin using sales revenues.
#BinancePoolFractalBitcoin #BTC #MicroStrategу $BTC
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Is the Garlinghouse-Trump Connection Driving the Rise of XRP Past $1?
For the first time since December 2021, the price of XRP has topped $1. This is a major milestone. With a price of $1.23 on November 17, the market value of the cryptocurrency rose $20 billion, reaching over $64 billion. The cryptocurrency world is abuzz with discussion about this spike, but the price isn't the only thing people are talking about.
Decentralized Rewards on COS.TV and Their Impact on Web3 Video
COS.TV is a Web3 video platform that promotes a community-driven method of content production and consumption via the use of ecosystem incentives. With its decentralized concept, COS.TV compensates producers and viewers equally, in contrast to conventional platforms that keep all of the money in one place. Whether a user uploads a video, watches it, or interacts with it in any way, the system uses blockchain technology to assign tokens according to their level of involvement.
Bypassing the intricacies and prejudices of centralized algorithms, decentralized incentives provide creators with transparency and equitable remuneration. Plus, viewers may turn themselves into active participants in the platform's development by earning tokens for their interaction. A dynamic, self-sustaining economic model may be built using these tokens, which can then be stored, exchanged, or reinvested within the ecosystem.
By giving users a real, measurable benefit for their involvement, this token-driven strategy boosts user loyalty and retention. Trust is fostered throughout the network since all transactions are traceable and fair thanks to the blockchain's openness. The fact that COS.TV can survive and even grow without advertising or sponsorships is a testament to the decentralized nature of its rewards system.
The architecture of COS.TV shows how decentralized incentives might reshape video networks, which is particularly relevant as Web3 keeps expanding.
#XRPPriceAction #USDebt36Trillion ##COSSocialFiRevolution @Contentos-COS $COS
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$XRP
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125k $BTC IMMINENT! 🚨 True Or False? 👇
Bitcoin is moving closer to its ATH of $93,450, showing a strong momentum with a 11% increase over the past week and a 30% rise on the month. Currently, there are many traders predicting a potential surge to $125,000 with bullish patterns (daily pennant) on the chart signaling continued growth. For who may doesn't know, this pattern is often associated with strong upward moves that suggests a 40% increase from its current levels if a breakout may occurs. So, is 125k ahead for real?
In my opinion, Bitcoin has found support from its ascending trendline and key moving averages, including the EMA 50 and EMA 100. A decisive breakout above $93,450 could mark a new uncharted phase of price. I see 100k as more probable in the near-term due to its psychological importance, closer proximity to current prices and expected resistance at this milestone. 125k is attainable but it will require a stronger momentum and additional time!
Do You Believe BTC Will Break Out This Week? 🤔 Let Me Know in comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#BitcoinPriceUpdate #BitcoinPriceForecast #Bitcoin100K
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