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Cointelegraph Magazine: Exploring Asia Express

– Token 2049, one of the largest crypto conferences, attracted 10,000 attendees, 300 speakers, and 5,000 companies in Singapore.
– KXVC, a subsidiary of Kasikornbank, launched a $100 million fund for Web3, AI, and deep tech firms in Southeast Asia.
– Ethereum layer-two scaling solution Mantle Network launched a $200 million development fund for ecosystem acceleration.
– CoffeeDAO is partnering with cafes worldwide to unlock their market potential in exchange for free coffee.
– Huobi Global is changing its name to HTX, representing Huobi, Tron, and the exchange’s 10th anniversary.
– The Monetary Authority of Singapore reprimanded the co-founders of Three Arrows Capital, barring them from enterprise activities for nine years.

Token2049 Main Event in Singapore (coinpostman)

CoffeeDAO tokenizes marketing potential of cafes

– CoffeeDAO is partnering with cafes globally to unlock their market potential in exchange for free coffee.
– Customers can receive tokens by scanning a barcode that can be exchanged for coffee and loyalty points at other cafes.
– The concept allows community-based stores to compete with large chains like Starbucks and McDonald’s.
– Over 15 cafes have partnered with CoffeeDAO in Singapore and Hong Kong.

CoffeeDAO at the Chye Seng Huat Hardware coffee store in Singapore (coinpostman)

Huobi Global changes name to… HTX?

– Cryptocurrency exchange Huobi Global is changing its name to HTX.
– The new name represents Huobi, Justin Sun’s Tron project, and the exchange’s 10th anniversary.
– The rebranding aims to support global expansion, ecosystem growth, wealth effect, and security and compliance.
– The name change also caters to non-Chinese users who find it difficult to pronounce “Huobi”.

Justice’s late arrival for 3AC

– Zhu Su and Kyle Davies, co-founders of Three Arrows Capital, have been reprimanded by the Monetary Authority of Singapore.
– They have been barred from enterprise activities in regulated capital markets for nine years.
– The reprimand is due to providing false information to the authority and exceeding the assets under management threshold.
– 3AC’s bankruptcy is ongoing, and no criminal complaints have been filed against Zhu or Davies.

Read also

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– Storming the ‘last bastion’: Angst and anger as NFTs claim high-culture status


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Author: Zhiyuan Sun

Zhiyuan Sun is a journalist at coinpostman focusing on technology-related news. He has several years of experience writing for major financial media outlets such as The Motley Fool,, and Seeking Alpha.

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