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U.S. court sentences former Celsius CEO to 12 years in prison A U.S. court has sentenced Alex Mashinsky, the former CEO of cryptocurrency lending company @CelsiusNetwork ( $CEL ), to 12 years in prison on charges of fraud, Bloomberg reported. The U.S. Department of Justice (DoJ)

The Ministry of Foreign Affairs responded to the high-level economic and trade talks between China and the United States: This meeting was held at the request of the US side The Ministry of Foreign Affairs announced that Vice Premier He Lifeng will visit Switzerland from May 9 to 12, during which he will hold talks with the US. Foreign Ministry spokesman Lin Jian said that the US has repeatedly expressed its hope to negotiate with China in recent days. This meeting was held at the request of the US, and China's position of firmly opposing the US's abuse of tariffs has not changed. At the same time, we have said many times that China is open to dialogue, but any dialogue must be based on equality, respect and mutual benefit. Any form of pressure and coercion will not work for China. China will firmly safeguard its legitimate interests and uphold international fairness and justice. (CCTV News)

China agrees to engage with the US on tariffs, Vice Premier He Lifeng to visit Switzerland for talks According to the Ministry of Commerce, in response to the US's recent frequent signals on tariff adjustments and its active pursuit of contact with China, China has decided to agree to the contact and will lead a delegation led by Vice Premier He Lifeng to Switzerland from May 9 to 12 to hold economic and trade talks with US Treasury Secretary Benson. China emphasizes that negotiations must be conducted on the basis of mutual respect, equality and mutual benefit, and will never accept coercive actions under the guise of talks. China's position is firm, and it will not only fight to the end, but also keep its door open to safeguard international fairness and justice and the multilateral trade order.

Celsius founder Mashinsky slams 20-year prison sentence proposal Celsius founder Alex Mashinsky expressed strong dissatisfaction with the 20-year prison sentence proposed by the U.S. Department of Justice. Previously, Mashinsky pleaded guilty to commodity fraud and manipulation of CEL token prices in December 2024, and made a profit of $48 million by selling tokens before Celsius collapsed. His legal team submitted a reply memorandum to the New York District Court on May 5, requesting that the sentence be reduced to less than 366 days on the grounds that Mashinsky was a first-time non-violent offender with a 30-year unblemished business record. Celsius filed for bankruptcy protection in July 2022, with debts of $4.7 billion at the time, and the case affected the assets of hundreds of thousands of users. (Cointelegraph)

Samourai Wallet accuses US prosecutors of concealing key evidence: FinCEN once determined that it did not need a license Lawyers for the founding team of Samourai Wallet, a cryptocurrency mixer, filed documents in the Manhattan federal court, accusing prosecutors of concealing key regulatory opinions for 18 months. The documents show that the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) informed prosecutors as early as November 2023 that Samourai's services "did not meet the requirements for money service business (MSB) licensing" because it did not host user private keys. However, prosecutors still charged the two founders with unlicensed operations and money laundering in April 2024, involving $2 billion in illegal transactions. The lawyer pointed out that the prosecutors should have disclosed the information by May 8, 2023, but it was not made public until April 1, 2025. FinCEN officials admitted in internal communications that the existing regulatory guidelines did not clarify the criteria for identifying "functionally controlled" cryptocurrencies, and the prosecutors' arguments posed legal risks. The Samourai team intends to apply for the dismissal of the charges again based on this, and questioned the Department of Justice's violation of its policy orientation of "not pursuing unintentional violations of mixers" issued in April. This case may become an important precedent for transparency in cryptocurrency regulatory enforcement. (Cointelegraph)