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Latest from Sam Reynolds
Binance's Custody Arm Ceffu Will Apply for Singapore License: Report
Binance rebranded its custody arm to Ceffu earlier this month.

Voyager Digital's Reward Program Lost $58M in 2022: Court Filing
Rewards program included high-yield interest accounts, a refer-a-friend scheme and a mechanism to share in the spread of trades should they execute at a lower asking price.

Institutions in Asia Aren’t Interested in Liquid Staking: Hex Trust
Liquid staking has become the second biggest DeFi vertical, but Asia-based institutions are not impressed.

First Mover Asia: NFTs Have a ‘Digital First Sale’ Problem
ALSO: Short interest is rising on China tokens while bitcoin treads water just above $23,000.

Non-Custodial Liquid Staking Platform Ether.Fi Closes $5.3M Fundraise
The round was co-led by North Island Ventures, Chapter One and Node Capital and included participation from BitMex founder Arthur Hayes.

Bitcoin Core Developer Luke Dashjr Calls Out Unauthorized Ordinal NFT With His Name
The auction for the ordinal was being hosted at Scarce.City, a new ordinal marketplace.

First Mover Asia: Bitcoin Stays Rooted Near $23.5K
ALSO: Sam Reynolds writes about the complicated relationship between layer 1 blockchain Coinflux’s CFX token and China and asks if it has triple-digit growth potential.

French Police Arrest Duo Involved in Platypus Crypto Exploit
Flash loan exploit drained protocol of over $9 million in assets and knocked Platypus USD (USP) off its peg.

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.

US Drug Enforcement Agency Seized $1.8M From Binance in 2022
Binance and the Drug Enforcement Agency disrupted a pipeline that moved cash generated from selling narcotics in Michigan to Mexico via stablecoins.
