International Crackdown Intensifies Singapore has joined a growing international effort targeting Chen Zhi, the founder and chairman of Cambodia-based conglomerate Prince Holding Group. The Singaporean police revealed on October 31 that they had launched an enforcement operation against Chen and his associates the previous day, resulting in the seizure of assets valued at more than…
Strategic Partnership for Decentralized Gaming AscendEX, a digital asset trading platform, has formed an exclusive partnership with Mokoko Studio, a Web3 game development company. This collaboration focuses on building decentralized gaming networks that combine entertainment with digital ownership. The partnership was officially announced through AscendEX’s social media channels, where they expressed enthusiasm about shaping the…
As crypto investors seek the next big opportunity, attention is rapidly shifting to the Base Blockchain—Coinbase’s top Layer 2 (L2) scaling solution—where a new wave of coins and memecoins are taking center stage. With increased trading on Base and more users investing on Coinbase, the Base ecosystem is quickly becoming a hotspot for both seasoned…
Recent Sports Betting Scandal Raises Questions Just last week, professional sports experienced what might be the largest betting scandal in recent memory. An FBI operation led to the arrest of an NBA player and a coach for their alleged involvement in gambling schemes that included manipulating game outcomes to influence sports bets. This happened at…
Major Crypto Stock Selloff Hits Market Crypto-related stocks experienced significant declines on Wednesday, with bitcoin mining companies that had been riding the artificial intelligence infrastructure wave taking the hardest hits. The selloff was broad-based and affected nearly every corner of the crypto stock universe. Bitfarms, Cipher Mining, Hut 8, and HIVE all dropped between 10%…
Major exchanges remove KDA trading Bybit and OKX are both removing Kadena’s KDA token from their platforms following Tuesday’s announcement that the company behind the blockchain is ceasing operations. OKX has already suspended KDA deposits and will stop spot trading on October 26, with trading pairs removed by October 29. Customer withdrawals will remain available…
FCA takes legal action against crypto exchange The UK Financial Conduct Authority has filed a lawsuit against cryptocurrency exchange HTX in London’s High Court. The regulatory body claims the exchange violated financial rules by promoting crypto asset services to UK consumers without proper authorization. According to Bloomberg’s report, the FCA specifically accused HTX of breaching…
The digital asset landscape in Asia is undergoing a profound transformation, and at its heart is the unlikely rise of the meme coin. Once dismissed as fleeting internet jokes, these tokens have evolved into a formidable force, acting as a primary gateway for a new wave of retail investors entering the cryptocurrency market. The phenomenon…
Miners Pivot to AI as Bitcoin Growth Slows Bitcoin miners are facing a challenging transition as they shift their business models toward artificial intelligence and high-performance computing. The move comes as bitcoin’s price has only increased by about 10% this year, which is quite modest compared to previous periods. With corporate bitcoin treasury strategies losing…
Major Acquisition in Crypto Space Coinbase has made another significant move in the cryptocurrency sector by acquiring investment platform Echo. The deal, valued at approximately $375 million, combines both cash and stock components. This acquisition represents one of the larger transactions in the crypto industry this year. What strikes me about this deal is the…
