Asia's weekly TOP10 crypto news (Nov 11 to Nov 17)
1. ‘Rich Dad, Poor Dad’ Author: Will Continue Buying Bitcoin Until It Surpasses $100,000 link Rich Dad Poor Dad author Robert Kiyosaki tweeted that Bitcoin’s price has surpassed $88,000, and he will continue buying Bitcoin until it exceeds $100,000, at which point he plans to stop. Kiyosaki remarked, “Always remember… pigs get fat, hogs get slaughtered. Don’t be a greedy pig.” 2. Upbit’s November 13 Trading Volume Surpasses Combined South Korean Stock Markets link According to The Korea Daily, South Korea’s domestic stock market has remained sluggish following Trump’s election, with growing pessimism surrounding the “K-stock market.” Investors are shifting their focus to U.S. stocks and Bitcoin. According to CoinMarketCap data, the total trading volume on South Korea’s top five crypto exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) reached 34.6 trillion KRW (approximately $2.48 billion) in the past 24 hours. Among them, Upbit’s trading volume yesterday was $1.56 billion, surpassing the combined total of South Korea’s two main stock markets, KOSPI ($909 million) and KOSDAQ ($526 million). 3. Binance Research Institute Releases Report: ‘Exploring the Future of AI Agents in Crypto link Binance Research released a report titled Exploring the Future of AI Agents in Crypto, highlighting the growing intersection between artificial intelligence and cryptocurrency, which has recently reached new heights. AI agents are capable of engaging in dynamic, multi-step decision-making and adjusting based on interactions. They can also interact with other agents, protocols, and external applications. Crypto AI agents are currently closer to a demonstration phase rather than full-scale reality, but the momentum is highly promising, with the potential for significant growth in the coming weeks and months. 4. CZ at Bangkok Devcon: Aiming for 1,000 DeSci Projects by Next Year link CZ and Vitalik attended an event in Bangkok hosted by Binance Labs in collaboration with the BIO Protocol, showcasing leading DeSci projects. They observed presentations from BIO, VitaDAO, ResearchHub, and HairDAO, alongside other projects such as Quantum Biology DAO and Long COVID Labs. Following the presentations, CZ and Vitalik participated in a Q&A session about bringing more science on-chain. CZ discussed the effectiveness of using DAOs as a means of allocating resources for scientific research and expressed his ambition to see 1,000 DeSci projects next year. VitaDAO unveiled its first longevity product, combining sulforaphane-rich broccoli sprout extract with spermidine-rich wheat germ extract — a synergistic formula aimed at promoting cellular health and longevity, approved by the Thai FDA and manufactured in Thailand. 5. Xiao Feng: Trump’s Pro-Crypto Policies May Encourage China to Reopen Digital Asset Market Within Two Years link Xiao Feng, Chairman and CEO of HashKey Group, stated in an interview with the South China Morning Post that U.S. President-elect Trump’s pro-crypto policies could drive China to reopen its digital asset market within two years. He suggested that if the U.S. Congress and President establish clear cryptocurrency policies and enact legislation to foster industry growth, it could have a ripple effect on China. Additionally, he noted that the West’s decision to cut Russia off from the SWIFT system in 2022 might prompt China to accelerate its acceptance of the crypto industry. Xiao emphasized that if technological competition between the U.S. and China intensifies, China may need to reassess its stance on digital assets to ensure it does not fall behind the U.S. in this field. 6. Russia’s Weekly News 6.1 Russian President Putin Proposes Establishment of Digital Asset Platform Within BRICS Alliance link Russian President Vladimir Putin proposed the creation of a unified digital asset platform within the BRICS alliance during a speech at the Valdai Discussion Club. He suggested that such a platform could facilitate electronic payments and attract investment from developing markets. Putin emphasized the potential of the platform to drive economic growth in rapidly urbanizing regions. He noted that a BRICS digital asset platform could serve as an alternative to reduce reliance on the traditional Western financial system. 6.2 Sberbank CEO: Russian Law Currently Prohibits Domestic Use of Cryptocurrencies for Payments link Herman Gref, CEO of Russia’s largest state-owned bank, Sberbank, revealed at a conference in Moscow that Russian law currently prohibits the use of cryptocurrencies for domestic payments, with no plans to lift these restrictions in the near term. Gref noted that while new legislation allows for the use of cryptocurrencies in international payments, domestic usage remains restricted. He also mentioned that if the digital ruble gains acceptance from other countries, it could potentially be used for global transactions in the future, although he expressed uncertainty about its international adoption prospects. 7. South Korea’s Financial Intelligence Unit Investigates Potential Large-Scale Violations in Upbit’s KYC Procedures link According to a report by Korea Economic Daily, the Korean Financial Intelligence Unit (FIU) discovered potential large-scale violations in Upbit’s Know Your Customer (KYC) procedures during its operating license renewal review. It was revealed that among the IDs submitted to Upbit, approximately 500,000 to 600,000 were found to be unclear, with blurred names or registration numbers, raising concerns that they could be used for money laundering or other criminal activities. The FIU is currently investigating the specifics of each case to determine any illegalities. These violations could lead to hefty fines and impact the outcome of Upbit’s operating license renewal. 8. Indian Police Arrest Suspect Connected to WazirX Hack link Indian police have arrested a suspect, SK Masud Alam, in connection with the WazirX hack that led to a loss of over $230 million in cryptocurrency assets. However, the primary hacker remains at large. Police revealed that Alam allegedly sold fake accounts through Telegram, which were subsequently used by the hacker to breach WazirX’s systems. The security breach, which occurred on July 18, targeted multi-signature wallets and resulted in the theft of 45% of WazirX’s reserve assets. Following the incident, WazirX launched a recovery plan, promising to return 55% of user assets, with the remainder to be compensated in USDT. However, the freezing of funds amid the current bull market has led to widespread dissatisfaction among users. 9. Ukrainian Man Abducted in Thailand, Forced to Pay $250,000 in USDT link According to the Bangkok Post, a Ukrainian man named Viacheslav Leibov was robbed in Thailand and forced to transfer over 8 million Thai Baht (approximately 250,000 USDT) to armed assailants before being released. Leibov reported that he was invited to visit by a friend and was subsequently controlled by the robbers in a room, where he was coerced into making the transfer before being tied to a bed. Eventually, he managed to free himself and contacted the police. The victim described that during his escape attempt, he was unable to locate one of the suspects. 10. Monet’s Masterpiece ‘Paysage’ to Be Auctioned on the Ethereum Blockchain link Bounce Brand and BounceBit have announced a collaboration with SeoulAuction Blue, a renowned auction house in Seoul, to auction off the original impressionist masterpiece “Paysage” by Claude Monet. The artwork will be accompanied by a provenance certificate and a condition report provided by SeoulAuction Blue to ensure its authenticity. The auction will take place on the Ethereum blockchain in an English auction format, with a starting bid of $1,000. The physical delivery of the painting will be completed offline. Additionally, Bounce Brand will issue a commemorative “Memeory Coin” (memecoin) to reward all bidders, as well as holders of $AUCTION and stBB tokens. Follow us Wu Blockchain is free today. But if you enjoyed this post, you can tell Wu Blockchain that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
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Weekly Project Updates: Linea Plans to Launch Token in Q1 Next Year, Movement Set to Launch Mainnet, Over $10 Mill…
Saturday, November 16, 2024
Ethereum Layer 2 network Starknet announced that it will launch STRK token staking on the mainnet on November 26. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Previously Noah Perlman worked for the cryptocurrency exchange Gemini as the Chief Compliance Officer and then as the Chief Operating Officer. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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