Zodia Custody Expands to Hong Kong
Zodia Custody, a digital asset custody service provider backed by Standard Chartered, has reportedly expanded its operations in Hong Kong. The decision was made in response to the region’s institutional investors’ increasing need for services linked to cryptocurrencies. The platform provides institutional-grade solutions that adhere to international norms and laws to close the gap between […]
FTX-linked Wallet Fails to Unstake $58 Million in Solana
A wallet labeled FTX Cold Storage 2 has failed to unstake 1.6 million Solana (SOL) tokens worth $58.76 million, according to blockchain data. The funds remain locked in the staking account, adding to the chaos caused by FTX’s collapse. An attempted unstaking of 1.6 million Solana (SOL) tokens worth $58.76 million from a wallet linked […]
dYdX Chain Goes Live, Launches Bridge User Interface
The dYdX Foundation announced a series of pivotal updates that signal a new phase for the dYdX ecosystem. Most significantly, Genesis Validators contributed to the production of the first block of the dYdX Chain, and its mainnet genesis is now active. This announcement follows the October 24 release of dYdX Chain’s open-source software and the […]
Kasikorn Bank Buys Crypto Platform Satang for $102.8 Million
Kasikorn Bank, one of Thailand’s largest banks, has bought a majority stake in Satang Corporation, a digital asset exchange and service provider, for $102.8 million. Thailand’s fourth-largest bank, Kasikorn Bank, has made a substantial move in the cryptocurrency realm, acquiring a 97% stake in Satang Corporation Company Limited for 3.705 billion Thai baht ($102.8 million) […]
Tether Reserve Attestation Shows 86% Cash and Cash Equivalents
Tether’s newest reserve attestation consisted of approximately 86% cash and cash equivalents, according to a new attestation report from accounting firm BDO. This is the highest proportion of cash and cash equivalents that Tether’s reserves have ever contained. The report indicates that $56.6 billion in reserves consist of U.S. Treasury notes with a maturity date […]