A court in Qinzhou District, Tianshui City, Gansu Province, is trying a virtual-currency money-laundering case. The defendant used a part-time “high-paying errands” job to withdraw more than 390k yuan and, with knowledge of what was going on, exchange it for virtual currency, earning a profit of 21.5k yuan. The court sentenced him to two years and four months in prison and fined him. The judge reminded the public to stay alert to related activities in order to prevent them from fueling crime.

A court in Qinchou District, Tianshui, Gansu, tried a case of virtual currency money laundering. The defendant withdrew more than 390k yuan using a “high-paying errand runner” method, converted the funds into virtual currency, and earned profits of 21.5k yuan. The court sentenced him to two years and four months in prison and fined him 10k yuan. The judge reminded the public to stay alert against participating in cash withdrawals and transfers, so as not to become an accomplice to crime.

A Nevada judge ruled that Kalshi’s sports prediction market products have no substantive difference from gambling, extended the injunction prohibiting it from offering related services locally until the case is further considered. Regulators believe it should be subject to the state’s gambling regulations.

The U.S. Department of Justice has decided to appeal a federal judge’s ruling that blocked the government from prohibiting the use of Anthropic technology. The judge said the government’s national security rationale was insufficient, and that the government’s actions were akin to punishing Anthropic because it requires that the technology not be used for surveillance or autonomous weapons.

Gate News, on April 1, JPMorgan Chase CEO Jamie Dimon revealed that the firm is considering offering prediction market services to clients. Dimon said that JPMorgan Chase may launch prediction market services similar to Kalshi and Polymarket in the future, but it will make it clear that it will not get involved in sports and politics, and will strictly comply with regulations related to material nonpublic information. Dimon believes that prediction markets have investment attributes in certain areas, and that participants can use their deep professional knowledge to judge that their prediction of a particular outcome is better than that of the other party.

SBF alleges that U.S. District Judge Lewis Kaplan of the Southern District of New York has a bias, and asks that he recuse himself from presiding over the case, saying Kaplan’s conduct and comments were improper and citing Delaware judges’ recusal precedents.

California Judge Rita Lin issued a temporary restraining order, suspending the Trump administration's designation of "supply chain risk" against Anthropic, stating that the measure may violate the law and be unreasonable. Anthropic was classified as a risk company for refusing to relax usage restrictions on its Claude model, a designation that could lead to hundreds of millions of dollars in losses. The restraining order will take effect in 7 days to allow time for the government's appeal.

A U.S. federal judge approved the inclusion of the **collective plaintiff** as a defendant in a class action lawsuit against Nvidia and its CEO Jensen Huang, alleging that they concealed the extent of the company's dependence on GPU revenue related to cryptocurrency mining. The **collective plaintiff** claims Nvidia failed to disclose over $1 billion in GPU sales between 2017 and 2018, which affected the stock price.

A U.S. federal judge approved a class action lawsuit against Nvidia and CEO Jensen Huang, alleging they concealed GPU revenue dependence related to cryptocurrency mining and misled investors. Nvidia failed to prove that the relevant statements had no impact on stock price, and the litigation will proceed. Previously, the SEC fined the company for disclosure violations.

In Musk's lawsuit against OpenAI and Microsoft for breach of charitable trust, a judge ruled that economist Wazzan can testify and calculate that Microsoft could potentially owe compensation of up to $25 billion if found in violation. Musk's side is seeking $134 billion in damages and has pledged to donate the settlement if they win. The case is scheduled for trial on April 28.