– Token 2049, a major crypto conference in East Asia, attracted a record number of attendees, speakers, and companies.
– KXVC, a subsidiary of Thailand’s largest bank, launched a $100 million fund for Web3, AI, and deep tech firms in Southeast Asia.
– Ethereum layer-two scaling solution Mantle Network launched a $200 million development fund for ecosystem acceleration.
– CoffeeDAO, a decentralized autonomous organization, partnered with cafes to offer free coffee in exchange for market potential exploration.
– Cryptocurrency exchange Huobi Global changed its name to HTX, citing global expansion and ease of pronunciation for non-Chinese users.
– The co-founders of Singaporean crypto hedge fund Three Arrows Capital were reprimanded by the Monetary Authority of Singapore for misconduct.
– The weekly roundup curates the most important news developments in East Asia.