[Bitpush Weekend Key News Review] Thailand and Singapore investigate Cambodia's Prince Holding Group sanctioned by the US and UK; Japan considers allowing banks to invest in crypto assets; Trump’s second son: Never discussed crypto with his father, but firmly believes blockchain is the future of finance

Bitpush Weekend Key News Review:

[Thailand and Singapore Investigate Cambodia's Prince Holding Group Sanctioned by US and UK]

According to Bitpush, citing Bloomberg, authorities in Thailand and Singapore are investigating Cambodia's Prince Holding Group, whose chairman has been sanctioned by the US and UK for fraud and money laundering. Thailand's Cyber Crime Investigation Bureau will cooperate with the US to review asset seizure procedures, and Singapore police also stated they are investigating the case and maintaining contact with law enforcement agencies in other countries.

[Jay Chou Has Deleted Social Media Content Seeking a Friend to Invest in Bitcoin on His Behalf]

According to Bitpush, on October 15, Jay Chou posted an "angry message" on his personal Instagram, seeking his magician friend Cai Weize, and even threatened, "If you don't show up, you're finished." Cai Weize later responded that he would "temporarily stop using social media." Taiwanese media revealed that the two are suspected to be involved in a financial dispute involving over 100 millions New Taiwan dollars. Cai Weize helped Jay Chou hold an account to invest in bitcoin, but claimed a year ago that the account was locked for some reason and has not yet returned the assets. Jay Chou privately messaged him but received no response, so he resorted to this approach. However, community users noticed that Jay Chou has deleted the related post on Instagram but has unfollowed Cai Weize.

[Japan Considering Allowing Banks to Invest in Crypto Assets]

According to Bitpush, market sources report that Japan is considering allowing banks to invest in crypto assets.

[Trump's Second Son: Never Discussed Crypto with His Father, But He Firmly Believes Blockchain is the Future of Finance]

According to Bitpush, Eric Trump, the second son of Trump, said in an interview with CNN that he "has never discussed cryptocurrency with his father," but acknowledges that his father is a staunch supporter of the industry.

Eric stated that the crypto industry widely supported Trump during the campaign, and Trump also believes that blockchain represents the future of finance. He said, "Everything can be done better, faster, and cheaper through blockchain. If we ignore it, the US will be surpassed."

[Vitalik: Hopes More ZK and FHE Developers Express Performance as Ratios Instead of Operations Per Second]

According to Bitpush, Vitalik posted on X, stating, "I hope more developers working on ZK (zero-knowledge proofs) and FHE (fully homomorphic encryption) can express performance in the form of ratios (such as 'time required for encrypted computation/original computation time'), rather than just saying 'we can do N operations per second.'"

This approach is less dependent on hardware and provides a very useful metric: when I switch an application from 'trust-based' to 'cryptography-based,' how much efficiency do I actually sacrifice?

It is also generally more suitable for performance estimation, because as a developer, I already know how much time the original computation takes, and I can estimate performance by simply multiplying by the overhead ratio.

(Yes, I know this is not easy, because the types of operations between execution and proof are different, especially with significant differences in SIMD/parallelization and memory access methods, so even the overhead ratio is still partially hardware-dependent. But even so, I still think 'overhead ratio' is a very valuable metric, even though it's not perfect.)"

[OpenSea CEO: Plans to Launch SEA Token in Q1 2026]

According to Bitpush, OpenSea CEO @dfinzer posted that they plan to launch the SEA token in the first quarter of 2026. 50% of the supply will be allocated to the community, with more than half of that distributed through initial claims. OGs and participants in the OpenSea rewards program will each receive meaningful rewards. In addition, 50% of the revenue at launch will be used to purchase SEA.

The launch of SEA will provide more utility, with SEA being deeply integrated with OpenSea, including staking SEA for users' favorite tokens and collectibles. Previous reports stated that OpenSea is transforming into a crypto trading aggregator platform, with crypto trading volume reaching $1.6 billion so far in October.