Huobi Global’s token crash and ongoing layoffs, 3AC founders deny reports of $1.26 in day 1 volume on new exchange and claim $373 on day 2. Our weekly roundup of news from East Asia curates the industrys most important developments. Blowing up a Singaporean crypto hedge fund worth an estimated $10 billion at its peak...Continue Reading

One member of the cryptocurrency subreddit pointed out that “EVM equivalent” compilers like zkSync Era does not necessarily mean it is fully “EVM compatible.” Matter Labs, the team behind Ethereum layer 2 scaling solution zkSync, has denied that 921 Ether (ETH)  worth $1.7 million will be “stuck forever” in one of its new projects. The...Continue Reading

A bitter dispute between Paxful’s co-founders in Delaware courts may have led to the crypto marketplace’s sudden closure. A bitter dispute between Paxful’s co-founders, Artur Schaback and Mohamad (Ray) Youssef, in Delaware’s courts may have been the real reason behind the Bitcoin marketplace’s sudden closure on April 4.  Schaback and Youssef, who started Paxful in 2015...Continue Reading

Researchers looking at the “crypto carry” rate between spot and futures markets and its causes came to conclusions about crypto market booms and busts and how they happen. The Bank for International Settlements (BIS) has released a working paper examining “crypto carry” — the differences between Bitcoin (BTC) and Ether (ETH) spot and futures prices...Continue Reading

From China to Canada, it’s clear that governments around the world are salivating at the prospect of introducing currencies they can manipulate hassle-free. Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it...Continue Reading