Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese man’s $10M loss as court says Bitcoin lending not protected by law A man in China’s Jiangsu... Read more »
The Hong Kong Securities and Futures Commission (SFC) issued a warning on Monday, Aug. 7, to virtual asset trading platforms (VATPs) involved in what it practices, emphasizing the potential legal and regulatory... Read more »
Key Takeaways A hotly contested vote saw the Cosmos Hub community rejecting the proposal to implement the ATOM 2.0 whitepaper. 37.99% of the tokens voted “NoWithVeto,” signaling strong pushback from the community.... Read more »
Warren Buffett and Bill Ackman are two of the most successful investors in the world, but they have taken opposing views on the bond market in recent months. Only one can be... Read more »
MakerDAO DAI‘s stablecoin supply increased by $200 million after its interest rate increased by 8% for holders depositing into the protocol. On Aug. 6, MakerDAO’s founder Rune Christensen revealed that Dai Savings... Read more »
Key Takeaways The Solana ecosystem is suffering from the recent news and rumors of insolvency surrounding FTX and Alameda Research. SOL is down 45% at the time of writing. Data reveal that... Read more »
Bitcoin (BTC) starts the second week of August with barely a sound as rangebound BTC price behavior continues. After one of its least volatile weekly closes, BTC/USD remains stuck at $29,000 —... Read more »
Open Exchange (OPNX), a platform for crypto claims trading, has submitted an offer to take over troubled crypto lender Hodlnaut, Bloomberg reported on August 6. Hodlnaut filed for bankruptcy protection last August... Read more »
Bitcoin (BTC) continued its boring price action over the weekend, indicating that the bulls and the bears are not waging large bets as they are uncertain about the next directional move. Nevertheless,... Read more »
Key Takeaways A new third-party audit of the Luna Foundation Guard has been released. The report claims that LFG used its $2.8 billion of funds in an attempt to shore up UST’s... Read more »
