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Latest from Sam Reynolds
First Mover Asia: Deconstructing Crypto's China Narrative
ALSO: Here's why it's important bitcoin hits $30,000
Crypto in Hong Kong Getting Soft Backing From Beijing: Bloomberg
Report says officials from China’s Liaison Office have been spotted at crypto events in the city.
First Mover Asia: Bitcoin Edges Toward $25K During Slow Economic Day
PLUS: Organizers of last year’s trucker-themed "Freedom Convoy" openly flaunted a court-ordered Mareva injunction used to freeze fundraised crypto. A Canadian judge said cryptocurrencies required more study, but declined to suggest stronger rules for the country.
OKX’s February Proof-of-Reserves Report Shows $8.6B in ‘Clean Assets’
Data from CryptoQuant maintains that reserves are 100% clean, compared to 94% for Binance and 61% for Huobi.
Crypto Hedge Fund Galois Capital Shuts Down After Losing $40M to FTX
Galois co-founder said the fund has halted all trading as it is no longer viable post-FTX.
Voyager Creditors Subpoena Sam Bankman-Fried, Other Former FTX, Alameda Executives
Voyager’s creditors also subpoenaed Samuel Trabucco, Nishad Singh, Gary Wang, and Caroline Ellison.
First Mover Asia: Bitcoin Opens the Week Testing $25K
ALSO: Hong Kong unveils its crypto licensing framework for Virtual Asset Service Providers in June, but the regulation will not allow retail investors to trade digital, contrary to what a recent tweet suggests. The regulation focuses on accredited, professional investors.
No, Hong Kong Won’t Be Allowing Retail Traders Access to Crypto on June 1
A tweet suggesting the city will make crypto fully legal for all citizens is a misreading of the legislation.
First Mover Asia: Crypto Momentum Falters as Bitcoin Retreats to $23.6K
ALSO: Sam Reynolds considers a rising trend of crypto startups postponing their token launches, part of the fallout from the collapse of crypto exchange FTX and its trading arm Alameda Research.
Crypto Startups Are Increasingly Postponing Token Launch Plans as Alameda Research's Contagion Effects Linger
Data from CoinMarketCap shows a precipitous decline in applications for token listings as liquidity dries up.
