Singapore’s Temasek to Exercise Caution in Crypto Space After FTX Nightmare
Temasek wrote down the entirety of its investment in FTX in November.Source
Indian Crypto Exchanges Are in Survival Mode, Trying to Extend Their Runways
India’s CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus all think they’ll survive the current bear market – here’s how.Source
First Mover Asia: Bitcoin Rises Past $28K on Debt Ceiling Deal
ALSO: A Chinese governmental agency released a paper over the weekend that outlined suggestions for China’s Web3 policy, but it didn’t broach must new ground. Still, the paper represented progress for a country that is keen to write the next generation of technology standards.Source
Binance, Other Crypto Players Shun Multichain as Bridging Rumors Swirl
The crypto bridging service Multichain is coming under the microscope from Binance and other important outposts.Source
Nike Trips Up .SWOOSH Launch While Bitcoin NFTs Soar
Nike’s .SWOOSH NFT drop was filled with missteps, while a Bitcoin NFT collection topped the charts and NFT lending is gaining momentum with Binance and Astaria entering the market.Source
Stablecoin Issuer Lybra Finance Nears $100M in TVL
Lybra Finance was launched last month and uses liquid staking derivatives to offer an interesting-bearing stablecoin.Source
Gulf Binance Clinches Thai Regulatory Approval
The joint venture between Gulf Innova and Binance aims to offer crypto services in the country starting later this year.Source
Avalanche’s AVAX Token Remains Flat Ahead of its $130 Million Token Unlock
More than 9.3 million tokens will be unlocked Sunday, representing 1.2% of AXAX’s total supply.Source
Stablecoins Are the ‘Glue’ Between the Real Economy and Blockchain: Binance Japan General Manager
Tsuyoshi Chino added that Binance J.apan may be still “a long way off” its business and activities being properly understood in gaining regulatory acceptanceSource
First Mover Americas: Digital Currency Group Is Closing Down TradeBlock
The latest price moves in bitcoin (BTC) and crypto markets in context for May 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source