Danny Nelson / CoinDesk:
Huobi, a top-10 crypto exchange by trading volume, has agreed to be acquired by Hong Kong-based About Capital; terms of the deal were not disclosed — The terms of the deal were not disclosed. — Crypto exchange Huobi Global, one of the biggest token trading outposts in the Asia markets …
Shaurya Malwa / CoinDesk:
Binance and Huobi block deposits of FTX’s native token, FTT, after 192M tokens worth ~$400M were released out of schedule and without warning — The tokens were illicitly released from FTT’s main deployer address. — Crypto exchanges Binance and Huobi blocked deposits of FTT …
Newley Purnell / Wall Street Journal:
Hong Kong officials and legislators criticize Google over a pro-democracy song, “Glory to Hong Kong”, appearing among the top results for the national anthem — Officials and lawmakers call on company to alter its results page to show China’s national anthem instead of a song made popular by antigovernment protesters
Stacy Elliott / Decrypt:
CoinGecko: normalized exchange volume for Crypto.com has dropped 91% over the past year, 90% for Huobi, 77% for FTX, 75% for Coinbase, and 57% for Binance — Bad ad or bad timing? Either way, trading is down big. — Whichever version of the Latin proverb you choose …
Zinnia Lee / Forbes:
Hong Kong-based digital payments startup Reap, which is developing tools for Web3 companies, raised a $40M Series A led by Acorn, Arcadia, and HashKey — Reap, a digital payment company based in Hong Kong, has netted $40 million in a funding round aimed at developing infrastructure …
Brandy Betz / CoinDesk:
Tharsis Labs, which develops the Evmos cross-blockchain tool to connect Ethereum and Cosmos, raised $27M via a token sale led by Polychain Capital — Polychain Capital led the funding raise to accelerate the cross-chain decentralized app platform — Tharsis Labs – the core developer of Evmos …
Kollen Post / The Block:
The SEC wins a lawsuit against decentralized publishing platform LBRY, saying its token is subject to regulatory oversight, in a blow to crypto token issuance — – A New Hampshire district court has ruled against decentralized publishing platform LBRY in a legal battle with the SEC.
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