Our weekly roundup of news from East Asia curates the industry’s most important developments. Three Arrows Capital (3AC), a once-bourgeoning Singaporean hedge fund worth an estimated $10 billion at its…
Day: April 21, 2023
‘Worst code I’ve ever seen’: Euro stablecoin faces centralization criticism
Criticism has been leveled at a new euro-pegged stablecoin released in France due to a decision to restrict peer-to-peer transactions. French bank Societe Generale-Forge (SGF) released the Ethereum-based stablecoin called…
ETH on exchanges at 5-year low as capital continues to flee crypto
Key Takeaways Only 15% of ETH is on exchanges, the lowest number in 5 years Drop has been swift since staking opened up in late 2020 Bitcoin and stablecoins have…