Breaking News: ASIA – Market Insights, Analysis & Latest Updates

Crypto wallet Keplr raises $5 million seed round at $50 million valuation

Keplr raises $5 million in seed funding, enhances wallet features, and expands support for EVM and non-EVM blockchains while aiming for user experience improvements.

theblock.co • 22/01/2025 - 16:17 PM

The Daily: World Liberty Financial teams up with Ethena, Polygon rejects $1.3 billion stablecoin proposal and more

World Liberty Financial, the fledgling DeFi project supported by President-elect Donald Trump, announced a “long-term collaboration” with synthetic dollar project developer Ethena Labs, starting with the implementation of sUSDe as a collateral token on the WLFI protocol. Polygon community members rejected a recent preliminary proposal to deploy $1.3 billion in stablecoins from the PoS Chain bridge for yield generation, citing security and user consent concerns. Ethereum Name Service (ENS), which simplifies address resolutions on blockchains, selected Consensys-backed Linea’s zkEVM technology to build its Namechain Layer 2 network as part of the ENSv2 upgrade. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 18/12/2024 - 19:53 PM

Crypto-AI startup GAIB raises $5 million in pre-seed funding

GAIB, a crypto-AI startup, raised $5 million to tokenize GPUs, opening AI computing access and launching soon across multiple blockchains, aiming to democratize the GPU economy.

theblock.co • 03/12/2024 - 17:00 PM

Brevis Network, a ZK coprocessor, raises $7.5 million in seed token round

Brevis Network raised $7.5 million to enhance blockchain scalability using zero-knowledge technology, attracting support from major investors and expanding partnerships with DeFi protocols.

theblock.co • 11/11/2024 - 17:00 PM

The Daily: DWF Labs dismisses partner amid drink spiking allegations, Bhutan's government moves $66 million in bitcoin to Binance and more

DWF Labs dismisses a partner over serious allegations, Bhutan transfers $66 million in bitcoin, a hacker exploits an account, and Consensys lays off 20% of its workforce.

theblock.co • 29/10/2024 - 18:45 PM

ASIA

Circle and Hong Kong telecom provider HKT to collaborate on blockchain-based customer loyalty solution

Circle partners with HKT to explore blockchain-based customer loyalty solutions, enhancing merchant engagement and strengthening ties with consumers in Hong Kong amidst digital economy growth.

theblock.co • 29/10/2024 - 05:53 AM

The Daily: Founders Fund invests in Infinex's Patron NFT sale, FTX agrees to drop its Bybit lawsuit and more

Peter Thiel’s Founders Fund was unveiled as an investor in Infinex’s new “patronage” fundraising model on Monday, as the sale officially closed, raising a total of $67.7 million. The FTX estate has settled its lawsuit with crypto exchange Bybit, its executives and its investment arm Mirana for $228 million, aiding upcoming creditor repayments. Solana’s leading web3 wallet Phantom, was hit with 2 hours and 45 minutes of downtime on Monday, leading to inaccurate account balances for users. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 28/10/2024 - 18:19 PM

The Daily: DBS introduces tokenized banking services, BlackRock's Bitcoin ETF attracts $1 billion in less than a week and more

DBS, Singapore’s largest bank, has launched “DBS Token Services,” a new suite of blockchain-based products designed to enhance liquidity management and streamline operations for institutional clients. BlackRock’s spot Bitcoin ETF added another $309 million in net inflows on Thursday, contributing to more than $1 billion worth of positive inflows for its IBIT product this week alone. The SEC filed a “Civil Appeal Pre-Argument Statement” late Thursday, seeking to challenge the U.S. District Court for the Southern District of New York’s prior judgment in its ongoing case against Ripple. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 18/10/2024 - 18:16 PM

South Korea fines Worldcoin and Tools For Humanity for data privacy violations

Worldcoin and Tools For Humanity were fined $830,000 by South Korea for data violations related to iris scans, but they welcome the decision, believing compliance issues are now addressed.

theblock.co • 26/09/2024 - 05:28 AM

Ride-hailing platform TADA launches Telegram mini app, enabling bookings in TON or USDT

TADA launches a Telegram mini app for ride-hailing, allowing web3 users to book rides and pay with digital assets directly on the platform, enhancing access and service expansion.

theblock.co • 12/09/2024 - 10:00 AM

Currency