Reports say that a user with profits exceeding $4 million bet on a Cavaliers win over the Lakers on Polymarket, placing a $360,000 wager with an opening price of 44.8¢. The NBA regular season game between the Cavaliers and the Lakers will start at 10:30 a.m. Beijing time today.

Gate News, on March 21, the Web3 identity solution World will host the "Lift Off" event in Los Angeles on April 17. OpenAI founder Sam Altman will attend as the host of the event.

Los Angeles rideshare driver Bruce Choi has been arrested on suspicion of defrauding $2 million in pandemic relief loans and using the funds to purchase cryptocurrency. Choi fabricated companies to apply for loans, and prosecutors have charged him with wire fraud and money laundering. If convicted, he faces serious penalties.

The U.S. Department of Justice has disclosed that Koberger, a former Los Angeles County deputy sheriff, has been sentenced to 63 months in prison for participating in cryptocurrency extortion and false law enforcement. The case involves abuse of police authority and commercial extortion, reflecting the risk of law enforcement personnel engaging in crimes related to the crypto industry. Related personnel remain under review.

Former Los Angeles County Deputy Sheriff Michael David Coberg has been sentenced to 63 months in prison and ordered to pay $127,000 in restitution for facilitating cryptocurrency fraud perpetrated by Adam Iza. Coberg participated in false arrests and extortion, leveraging his law enforcement position to threaten victims.

Former Los Angeles Police Officer Eric Halem was convicted of kidnapping and robbing a teenage Bitcoin holder, valued at approximately $350,000. The case highlights the risks of cryptocurrency in crime, reminding investors to protect digital assets against theft and scams. Sentencing will take place on March 31.

Gold market expert Rick de los Reyes stated that gold may consolidate sideways in the near term but is expected to reach new highs afterward. He analyzed that gold prices are rising rapidly with "short squeeze" characteristics, and historical experience shows that after a sharp increase, prices usually undergo a period of consolidation. However, the demand factors supporting gold remain solid.