Cointime

Cointime

Download App
iOS & Android

Crypto Evening Briefing: More Than 80 Firms Express Interest in Establishing Presence in Hong Kong

Cointime Official

Top Stories

Flagstar Takes Over Signature, Minus Its Crypto Business

Following an unsuccessful first attempt by the FDIC to find a buyer for Signature Bank, the latter placed in receivership by the fiscal authority will be bought out by Flagsta Bank – a subsidiary of New York Community Bancorp, Inc.

Report: China Will Become a Metaverse Tech Leader During 2023

A report issued by Globaldata, a global consulting and data analysis company, predicts that China will become a leading country in metaverse tech during 2023.

Taiwan Financial Regulator Says Will Oversee Crypto Currencies

Taiwan's Financial Supervisory Commission will be the main overseer of crypto currencies on the island, the head of the regulator said on Monday.

More Than 80 Firms Express Interest in Establishing Presence in Hong Kong

Christian Hui, Hong Kong's Secretary for Financial Services and the Treasury, said during a recent speech that more than 80 crypto-related companies have shown interest in establishing a presence in the city since October 2022.

Crypto.com Gets Closer to an Operational License in Dubai

Singapore-based crypto platform Crypto.com has received its minimal viable product (MVP) Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA), the firm announced on Monday.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $28,173.03 USD, jumped by 3.28% in the last 24 hours;

ETH’s live price is $1,779.18 USD, dropped by 0.40% in the last 24 hours;

BNB’s live price is $339.26 USD, dropped by 0.25% in the last 24 hours;

XRP's live price is $0.3821 USD, dropped by 4.01% in the last 24 hours.

Fundraising News

Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix

Market maker and investment firm DWF Labs is making a $20 million investment in on-chain liquidity and derivatives trading protocol Synthetix. DWF Labs purchased $15 million worth of Synthetix's native token SNX on March 16 with a further purchase of $5 million to follow, the Synthetix Treasury Council announced via email on Monday.

EOS Network Ventures Commits $20M to Build Dapps and Games on EOS Blockchain

EOS Network Ventures has committed $20 million in capital to develop applications and gaming products on the EOS network after April's Ethereum Virtual Machine (EVM) launch.

TTV Capital Closes Fund VI at $250 Million to Invest in Early-Stage Fintech Companies

TTV Capital, an early-stage fintech venture capital firm, today announced that it has closed its sixth fund at $250 million, the largest since the firm was founded over two decades ago. The fundraise, which originally targeted $150 million, saw overwhelming interest and was oversubscribed by $100 million. Fund VI includes both new and existing limited partners comprising institutional and strategic investors, as well as family offices.

Flying Sheep Studios Gets $1.2M in German Government Funding for Metaverse Game

Flying Sheep Studios said its Star Life title, a social massively multiplayer online (MMO) game targeted at the metaverse, has raised $1.2 million in funding from the German government. The game is focused on cooperation, and community-driven experiences that will prioritize socializing, diversity and being the party as well as being part of the metaverse, eventually hosting events and concerts for players.

Bitcoin Bitcoin $82,932.26
+0.24%
DWF Labs DeFi Web3 Signature Bank Banking Crisis Crypto China Hong Kong Dubai Cryptocurrency
Comments

All Comments

Recommended for you

  • ETH Trading Volume on Hyperliquid Exceeds BTC, Reaching Approximately $1.1 Billion in 24 Hours

    On October 11, the trading volume of ETH on the Hyperliquid platform reached approximately $1.1 billion in the last 24 hours, surpassing BTC's $805 million. Market analysts believe that the increase in ETH trading volume is related to suspected exploitation of the PaperTrade mechanism. Earlier today, reports indicated that PaperTrade was allegedly manipulated by two addresses, revealing a significant vulnerability in the protocol: the two wallet addresses executed trades on Hyperliquid with a single transaction size of about $20 million, causing ETH prices to fluctuate by approximately 10 to 20 basis points, and establishing long positions with a notional value of several hundred million dollars on PaperTrade.

  • Ledger Confirms Unauthorized Hardware Implant in Devices, Losses May Exceed $86 Million

    On October 11, Cointelegraph reported that hardware wallet manufacturer Ledger confirmed the presence of unauthorized hardware implants in the devices of an affected user. The incident involves losses related to devices purchased from its Southeast Asian distributor, CryptoBilis. Investigator Specter estimates that the losses may exceed $86 million, involving Bitcoin, Ethereum, and Tron. Ledger stated that it is in contact with the affected users; CryptoBilis has confirmed the suspension of all hardware wallet inventory sales until the investigation is complete. Ledger claims that the incident appears to be limited to this single distributor and its market, and that its own infrastructure, systems, and services have not been compromised. The company has not yet confirmed the number of affected customers or the total amount of losses. Ledger advises users who have not initialized their devices to refrain from doing so, while those who have already initialized their devices may consider transferring their assets to a new signer using a new mnemonic.

  • Anthropic Model Automatically Submits False Leads to Philadelphia Police

    On October 11, according to CCTV International News, the AI model 'Claude Haiku 4.5' from Anthropic automatically accessed the Philadelphia Police Department's webpage for unsolved homicide tips in July this year, filling out a form claiming to have 'potential information related to the case' but did not provide a name or contact information. The form was subsequently marked as spam by the police and did not trigger an investigation. Anthropic released a report on October 9 disclosing the incident and notified the Philadelphia police in advance. The police stated they were previously unaware of the situation, deemed it 'unacceptable,' and requested that technology companies take necessary measures to prevent their AI systems from submitting false information to law enforcement.

  • Industrial Fulian: US International Trade Commission Initiates 337 Investigation Against Company and Subsidiary

    On October 11, Industrial Fulian announced that it was informed the US International Trade Commission officially launched a 337 investigation on October 9 local time, regarding patent infringement claims made by Vicor Corporation. Vicor accuses the company and its subsidiary of infringing on a patent for a 'vertical power supply system.' After an internal review, the company stated that the products involved in this investigation are currently in the internal validation and evaluation stage, and this investigation does not have a substantial impact on the company's current production, operations, or performance.

  • CFTC Issues Two Proposals Clarifying Prediction Markets as Derivatives, Excluding Casino Gambling

    On October 11, Cointelegraph reported that the U.S. Commodity Futures Trading Commission (CFTC) has released two proposals to clarify its regulatory authority over prediction markets. The first proposal defines event contracts related to sports, politics, culture, and weather as 'swaps' products under federal law. CFTC Chairman Michael Selig stated that these products fall under the category of commodity derivatives as defined by the Commodity Exchange Act, and are fully within the exclusive jurisdiction of the CFTC. The second proposal establishes boundaries, explicitly stating that traditional casino-style gambling products—including sports betting and casino games—do not fall within the definition of 'swaps' and are not considered derivatives. This move comes in the context of prediction market operators like Kalshi and Polymarket facing joint lawsuits from multiple states, accused of operating illegal gambling businesses; the CFTC is counter-suing and issuing new regulations in an attempt to clarify the regulatory boundaries between federal and state authorities, paving the way for a potential Supreme Court ruling.

  • Houthi Forces Warn Airlines, Staff, and Passengers Again

    On October 11, the Houthi forces in Yemen issued another warning to airlines, staff, and passengers, advising them not to use airports within Saudi Arabia.

  • U.S. Spot Bitcoin ETF On-Chain Holdings Exceed 2 Million BTC

    As of October 11, data from Dune shows that the on-chain total holdings of the U.S. spot Bitcoin ETF have surpassed 2 million BTC, currently reaching approximately 2.013 million BTC, which accounts for 10.02% of the current BTC supply. The value of the on-chain holdings has reached approximately $227.6 billion.

  • Hedge Fund Net Exposure to US Tech Giants Reaches Record High of 22%

    On October 10, according to data from Goldman Sachs and The Kobeissi Letter, investor sentiment towards large tech stocks has reached an all-time high. Hedge fund net exposure to the 'Big Seven' tech giants in the US has risen to 22%, marking a historic peak; this figure has surged by 7 percentage points since July, representing the largest three-month increase in 2023, and surpassing the previous high of 21% set in June 2024 (compared to only 8% during the bear market low in 2022). During the same period, hedge fund net exposure to semiconductor stocks in the US has increased to 12%, slightly below the peak of 14% in June 2026, while this metric was only 2% at the beginning of 2025.

  • Anthropic Reveals Internal Issues: Out-of-Control AI Attempted to Access Multiple Government Websites, Reported to the White House

    Anthropic stated on Friday that its AI agents acted autonomously, attempting to access various federal, state, and local government websites. The company did not disclose which government agencies were involved but confirmed that it has reported these incidents to the White House. In a blog post, Anthropic mentioned that one of its AI models under testing had taken several unauthorized actions, including exploiting a vulnerability on a university website to download data and submitting a form to a government agency that it had been explicitly instructed not to submit. The company noted that it discovered these incidents after beginning a review of the AI's actions in July. Earlier on Friday, the Philadelphia Police Department stated that Anthropic had notified them that its technology had submitted a false homicide tip to the police website.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company