Asia's weekly TOP10 crypto news (Jan 9 to Jan 15)
Author:Lily Editor:Colin Wu 1. Hong Kong’s weekly summary 1.1 Paul Chan: Hong Kong becomes a foothold for quality virtual asset business matchmaking link The Hong Kong Financial Secretary stated that the Hong Kong government will soon issue tokenized green bonds for subscription by institutional investors. The government expects to provide the right proportion of regulation for the market to unlock the potential of Web 3.0. 1.2 CSOP Bitcoin Futures ETF has a total volume of ~$12M since launched link CSOP Bitcoin Futures ETF (3066.HK), as the first Bitcoin futures ETF in Asia, has been successfully listed in Hong Kong for nearly a month. Its cumulative total trading volume is about $12M, and its daily trading volume is about $630k. 1.3 Julia Leung: HK retail investors will only have access to ‘highly liquid’ products link Hong Kong’s new SFC chief executive said a consultation paper would be released this quarter detailing the products and conditions for retails to trade virtual assets, saying only crypto with “deep liquidity” would be allowed in Hong Kong retail trades. 1.4 Samsung Asset Management lists “Samsung Bitcoin Futures Active ETF” in HK link Samsung Asset Management announced on the 12th that it will list the “Samsung Bitcoin Futures Active ETF” in Hong Kong on January 13. The ETF invests primarily in CME Bitcoin futures and also invests in CME Micro Bitcoin futures. 2. Huobi’s weekly summary 2.1 Huobi to list MASK/USDD and other tokens with USDD trading pairs link Huobi will list ATOM/USDD, AVAX/USDD, LINK/USDD, etc. on January 9, 2023 (UTC). Spot trading fees for the above trading pairs will be waived start from 10:30 (UTC) on Jan 9th, 2023 to 15:59 (UTC) on Jun 30th, 2023. Coingecko data shows that USDD prices have not resumed anchoring for nearly two months, with current 24-hour trading volume at just $37.2 million. 2.2 Huobi Korea has begun preparations to acquire the shares held by Huobi Global link More than half of the existing shares of Huobi Korea are held by the founder of Huobi Global, Lin Li. Zhao Guofeng, chairman of the company, has taken over Li Lin’s shares and owns about 72% of Huobi Korea’s shares. 2.3 Huobi to delist ABT, ATP and 33 other tokens link Huobi will be ceasing trading of ABT, ATP, and 33 other tokens. These tokens will be delisted at 08:00 (UTC) on January 16th, 2023. The withdrawal service will remain available. 2.4 Tether will coordinate with Huobi to perform a chain swap link Tether coordinated with Justin Sun’s Huobi exchange to perform a chain swap, converting from Ethereum ERC20 to TRON TRC20, for 400M USDT. Recently, some FUD about TRC20 USDT has spread in the community. 2.5 Huobi burned 653,000 HT in the Q4 link Huobi disclosed that it burned 653,000 HT (approximately 4,174,000 USDT) in the Q4, showing that its revenue in the Q4 was approximately US$20.87 million, and the turnover of Huobi’s spot and derivative products in Q4 2022 reached US$124.7 billion. 3. Crypto investor Justin Sun says willing to spend up to $1 bln on DCG assets link Justin Sun expressed his willingness to use US$1 billion of his own funds to purchase DCG’s assets. Sun also said that he was ready to provide “billions of dollars” to assist FTX before, but the transaction did not happen. 4. Coinbase’s Japan unit cuts workforce as part of global layoffs link According to Bloomberg, Coinbase’s Japanese unit is laying off, but it didn’t say how many employees would be affected, and Coinbase is winding down most of its operations in Japan. 5. FTX bankruptcy sparks discussion of crypto supervision conundrum in Taiwan link The FTX collapse caused heavy losses to Taiwanese investors. Taiwan’s Financial Supervisory Commission Chairman Huang Tianmu said he hopes to strengthen the separation of client and platform assets for safekeeping in the future; supervise the fairness of transactions, such as the overall cryptocurrency up and down review mechanism; and strengthen KYC through banks. 6. Singapore crypto firm Hodlnaut’s creditors seek its liquidation link Major creditors of Singaporean lending platform Hodlnaut have rejected a proposed restructuring plan, seeking to liquidate the company as soon as possible. The move comes after Hodlnaut lost nearly $190 million from the Terra collapse and has 17,513 creditors. 7. Nepal’s telecom authority asks to take down “websites, applications or online networks” related to crypto link The Nepal Telecommunications Regulatory Authority issued a notice on January 8 instructing all Internet Service Providers (ISPs) to prohibit the operation and management of crypto-related “websites, applications or online networks. The country’s central bank banned cryptocurrency activities, including trading and mining, in September 2021. 8. DeFi blogger Rug500wu was stolen assets worth $7.9m link A well-known DeFi blogger in China (0x1381D9436a5f66744666c71aA428Aa374689D098) was stolen assets worth $7.9m due to the private key leak. Hacker has converted assets into ETH and DAI through 1inch, Pancakeswap, cBridge, Multichain, etc. and transferred to ETH mainnet. 9. China’s central bank reported an increase in its gold holdings link After not buying gold in more than three years, China’s central bank reported an increase in its gold holdings, with total gold reserves now at 64.64 million ounces. Many institutions are very optimistic about the trend of gold in 2023. 10. Chinese miner Jiang Zhuoer’s recent predictions sparked community interest link Jiang Zhuoer, a large Chinese miner, predicted that from March to May 2023, ETH will start to rise and permanently leave the current bottom range. Pessimistic forecast, BTC bottom sideways period may have up to 8 months. Follow us |
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