Asia Pacific


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First Mover Asia: Alameda Research, FTX Are Bound to Each Other; Bitcoin Trades Sideways, Dogecoin Plunges Late as Twitter Halts Work on Crypto Wallet

A recent Alameda document showed the biggest asset on the organization's balance sheet was FTX’s FTT token.

FTX CEO Sam Bankman-Fried (Craig Barritt/Getty Images)

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First Mover Asia: Arbitrum Sees Transactions Skyrocket as Traders Anticipate Potential ‘ARBI’ Airdrop; Ether, Dogecoin Tumble Following FOMC Rate Hike

Weekly transactions on Arbitrum have soared over 550% since August. Crypto traders see huge potential for the ecosystem.

The co-founders of Offchain Labs, the firm behind Arbitrum. (Offchain Labs)

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First Mover Asia: Ripple's APAC Policy Chief Sees Hopeful Shift in Hong Kong Crypto Statement; Dogecoin Soars Again

But Rahul Advani told CoinDesk the industry needs more details about the city’s plans.

Hong Kong skyline (bady abbas/unsplash)

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First Mover Asia: Hong Kong FinTech Chair Praises Crypto Friendly Policy Statement; Dogecoin Outshines Bitcoin, Ether

Neil Tan said that the statement by the Financial Services and Treasury Bureau acknowledged the importance of retail investors and would help clarify regulatory issues similar to other countries recent frameworks.

A Shiba inu, the dog breed that inspired both DOGE and SHIB, is getting a ride in cryptocurrency markets. (Unsplash, modified by CoinDesk)

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First Mover Asia: Scams on Binance's BNB Chain Highlight Weaknesses in Quality Control; Bitcoin Sags

A Solidus Labs report showed that Binance’s BNB Chain leads in volume of scams.

(Creative Commons, modified by CoinDesk)

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First Mover Asia: Crypto Traders Are Betting on World Cup-Themed Tokens. What’s Driving the Interest?

Some of the tokens have soared in recent days, although they are not licensed or have an affiliation with World Cup teams. An analyst says they “have little to no intrinsic value.” Bitcoin surges again.

A number of traders and crypto enthusiasts are investing in World Cup-themed tokens. (David Ramos/Getty Images)

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First Mover Asia: China’s Bitcoin-Funded Intelligence Operation in US Likely About Chips; Bitcoin Soars Past $20K

The U.S. Department of Justice is alleging that two Chinese intelligence officers tried to bribe an undercover FBI agent with bitcoin for information about the U.S. government’s investigations into technology giant Huawei.

(Shutterstock)

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First Mover Asia: Is Binance Becoming Too Dominant?

Binance pushes through around 53% of all crypto trades on spot and derivatives markets by trade count, and around 30% of the market’s value; Bitcoin remained comfortably above $19,000 in Monday trading.

Consensus 2022

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First Mover Asia: Solana’s Anatoly Yakovenko Thinks His Phone Is the Tool for a Mobile Web3 Experience

The Solana protocol faces a massive challenge in convincing people to use its phone to do things they can do with existing phones.

(Steve Jurvetson/Creative Commons)