Qian Fenglei, a businessman from Zhejiang, is accused of selling unauthorized investment plans in Hong Kong, raising regulatory concerns. These allegations reflect potential compliance breaches that may affect future Web3 investments.
The activities have triggered heightened scrutiny from regulatory bodies. Ethereum’s current price is 3,545.57 USD, with a market cap of about 427.99 billion USD and a trading volume decrease of 26.88%, indicating potential market volatility.
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