First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K
Since September 2021, the growth in cash assets in small bank balance sheets has turned negative. Original Source
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Asia
First Mover Asia: Filecoin Struggles Amid China Exposure, Cost of Subsidy Concerns
A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend, means Filecoin needs more than a token rally to be sustainable. Original Source
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$3M OKX airdrop, 1 hour due diligence on 3AC, Binance AI — Asia Express – Cointelegraph Magazine
Our weekly roundup of news from East Asia curates the industry’s most important developments. OKX airdrop after token trading fiasco On Mar. 1, cryptocurrency exchange OKX announced that it would airdrop 3,014,381 Tether (USDT) to users who suffered losses as
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First Mover Asia: Bitcoin Continues to Look East for Strength
A busy economic week in China with plenty of data releases scheduled might be what it takes to get bitcoin out of its slump. Original Source
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First Mover Asia: ConsenSys Chief Cryptoeconomist Sees Little Drama Ahead for Bitcoin
ALSO: In an appearance on CoinDesk TV, Tron founder Justin Sun discussed Huobi's potential unveiling of a new Hong Kong exchange, and said that the city's evolving approach to digital asset licensing could shift attitudes in mainland China. Source
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Institutions in Asia Aren’t Interested in Liquid Staking: Hex Trust
“Institutional clients have not really been interested in liquid staking of assets. The only interest we have seen in such assets is when clients or the public cannot have access to the native staking of a particular token,” David Cicoria, Head of Markets Technology, at the Asia-focused Hex Trust. Original Source
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First Mover Asia: Solana in the Green After Weekend Deep Freeze
ALSO: CoinDesk Chief Content Officer Michael Casey considers why the U.S. Securities and Exchange Commission has overreached in its recent actions against crypto entities, and that the crypto industry must improve its lobbying efforts; bitcoin's price rises. Source
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First Mover Asia: Resilient Bitcoin Rebounds Above $24K Despite Investors' Inflation, Labor Market Concerns
ALSO: CryptoX analyst Glenn Williams explains the significance of bitcoin funding rates' 10-day, positive streak; bitcoin rebounds above $24K. Source
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Hong Kong crypto frenzy, DeFi token surges 550%, NBA China NFTs — Asia Express – Cointelegraph Magazine
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital
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First Mover Asia: Bitcoin Seesaws Above $24.1K Following Mixed FOMC Minutes
ALSO: Shaurya Malwa considers how nefarious market participants are attempting to benefit from the ongoing ChatGPT craze in technology circles by issuing fake tokens branded after the artificial intelligence chatbot; bitcoin and ether rebound but are still in the red. Original Source
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