Hong Kong Ether ETFs See Record Daily Inflow Since Launch
Hong Kong Ether ETFs witness record inflow, possibly expecting US SEC approval. Trade volume boosts institutional interest. The spot ether exchange-traded funds (ETFs) introduced by Chinese fund manager ChinaAMC considerably increased daily inflows, totalling over HK$5 million (US$640,780) as of midday Wednesday. This follows the highest inflow of HK$3.77 million since the ETF’s inception on […]
US Prosecutors File for 5-7 Yrs Jail Term for Ryan Salame
US prosecutors are demanding a reduced prison sentence of five to seven years for former FTX executive Ryan Salame, wingman of FTX co-founder Sam “SBF” Bankman-Fried. Federal prosecutors submitted a sentencing memo to a Manhattan federal court on May 21, requesting Salame to serve a stringent sentence in light of his guilty plea for “serious […]
Exploring the Democratization of Wealth through DeFi
DeFi has emerged as a revolutionary force in finance, promising to democratize access to financial services and reshape traditional systems. DeFi leverages blockchain technology to eliminate intermediaries, reduce barriers to entry, and provide financial services to anyone with an internet connection. One of the most profound impacts of DeFi is its potential to democratize wealth, […]
Coffeezilla Sees AI Firm Rabbit as NFT Scam
YouTuber Stephen Findeisen, also known as “Coffeezilla,” has accused Rabbit, an artificial intelligence (AI) company, of operating a nonfungible token (NFT) scam. Discoveries published a video on the Coffeezilla channel on May 21 that exposed the participation of Rabbit AI in NFTs. Cyber Manufacture Co. was the organization’s previous name, and it raised $6 million […]
Hong Kong PCPD Orders Worldcoin to Stop Operations
The Office of the Privacy Commissioner for Personal Data (PCPD) of Hong Kong states that Worldcoin’s activities contravene the Privacy Ordinance and orders it to stop The Privacy Commissioner, Chung Liling, served the Worldcoin Foundation with an enforcement notice on May 22. The notice mandated the prompt cessation of all Worldcoin project activities in Hong […]