The breaking news of last week:
1. Key Word: Huobi, SDAO, GRAIL, AGIX, RDNT, SYN, DUSK, ALI
Huobi opened ALI (Artificial Liquid Intelligence) spot trading (ALI/USDT) and spot Grid trading (ALI/USDT) at 09:50 (UTC) on February 23, 2023.
Huobi opened DUSK (DUSK Network spot trading (DUSK/USDT) and spot Grid trading (DUSK/USDT) at 10:00 (UTC) on February 23, 2023.
Huobi opened SYN (Synapse) spot trading (SYN/USDT) and spot Grid trading (SYN/USDT) at 10:45 (UTC) on February 22, 2023.
Huobi opened RDNT (Radiant Capital) spot trading (RDNT/USDT) and spot Grid trading (RDNT/USDT) at 10:00 (UTC) on February 20, 2023.
Huobi opened AGIX (SingularityNET) spot trading (AGIX/USDT) and spot Grid trading (AGIX/USDT) at 12:00 (UTC) on February 20, 2023.
Huobi opened GRAIL (Camelot Token) spot trading (GRAIL/USDT) and spot Grid trading (GRAIL/USDT) at 13:00 (UTC) on February 20, 2023.
Huobi opened SDAO (SingularityDAO) spot trading (SDAO/USDT) and spot Grid trading (SDAO/USDT) at 14:00 (UTC) on February 20, 2023.
2. Key Word: Justin Sun, Huobi Hong Kong
According to Justin Sun's tweet, Huobi Global has announced that it's applying for a crypto trading license in Hong Kong.
With the new license, Huobi will be able to expand its services and offerings to customers in Hong Kong, providing a wider range of crypto trading and investment options.
In addition to the licensing news, Huobi is also launching a new exchange in Hong Kong, aptly named Huobi Hong Kong. The exchange will be fully compliant with local regulations and offer a range of trading pairs and services to customers. The new exchange will focus on providing trading services for institutional investors and high net worth individuals in Hong Kong.
3. Key Word: Hong Kong, Retail Investors, $50 million
Hong Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step toward its goal of becoming a crypto hub in a policy shift that contrasts with a crackdown in the US.
Cyberport established the Web3 Hub@Cyberport early this year. I will allocate $50 million to expedite the Web3 ecosystem development by, among other things, organising major international seminars, to enable the industry and enterprises to better grasp frontier development and to promote cross-sectoral business co-operation, as well as arranging a wide array of workshops for young people.
4. Key Word: G20, FMCBG, Regulations
The first G20 meeting of Finance Ministers and Central Bank Governors (FMCBG), held in Bengaluru from February 22 to 25.The basis of coming global crypto rules will be formed on a new synthesis paper, jointly produced by the International Monetary Fund (IMF) and the Financial Stability Board (FSB), announced India as the holder of the Group of 20 (G20) Presidency in Bangalore on Saturday.
5. Key Word: Paxos, SEC
The firm behind Binance's stablecoin, Paxos Trust Company, is in discussions with the U.S. Securities and Exchange Commission after the regulator told the company it should have registered the token as a security, according to an internal email from Paxos' chief executive officer.
6. Key Word: Bullard, Inflation
The Federal Reserve needs to get inflation on to a sustainable path down toward its 2% goal this year or else risk a repeat of the 1970s, when interest rates had to be repeatedly ratcheted up, St. Louis Fed President James Bullard said on Wednesday.
"If inflation doesn't start to come down, you risk this replay of the 1970s where you had 15 years where you're trying to battle the inflation drag," Bullard told broadcaster CNBC in an interview.
7. Key Word: Bank of Israel, Stablecoin
The Bank of Israel on Wednesday published principles for regulating stablecoin activity in the country, which lays out the central bank's recommendations for supervising crypto linked to the value of other assets like the U.S. dollar.
The document follows the publication of guidelines for digital asset regulation from the country's Ministry of Finance in November. The goal of the central bank's proposed regulations is to allow stablecoin use in the country "while managing the risk inherent in using them, and adjusting the consumer protections and prudential requirements," the document said.
8. Key Word: Federal Trade Commission,Voyager Digital
The Federal Trade Commission has objected to crypto broker Voyager Digital’s third attempt at a bankruptcy restructuring plan, saying it would unlawfully bar the company from being held accountable for “actual fraud, willful misconduct, or gross negligence.”
If the judge confirms the plan as it’s currently written, the FTC could technically be stopped from pursuing legal action or issuing fines against Voyager and its former employees. FTC attorney Katherine Johnson called the plan a “disguised discharge.”
9. Key Word: South Korean Financial Authority,Crypto Exchanges
The South Korean financial authority recently required the country’s won-based cryptocurrency exchange to prove the driving principle of its staking services and proof of its commodity nature. Three-quarters of the country’s won-based crypto exchanges offering staking services recently admitted that they had received a request from the country’s Financial Supervisory Service to investigate their staking services.
10.Key Word: Ark, Coinbase
Cathie Wood's Ark Invest has continued to buy the dip, however, adding 181,972 Coinbase shares to its Ark Innovation ETF and 31,547 shares to Ark Next Generation Internet on Wednesday. Additional shares were added throughout the week.
Events coming in this week:
1. Ethereum's Shapella network upgrade will activate on the Sepolia network on February 28.
2. Klaytn Foundation to make changes to KLAY tokenomics and governance models on February 28.
3. PUMA will launch NFT on February 28, and Super PUMA will join the 10KTF parent project.
4. Sotheby's will auction off novelist Neal Stephenson's "Snow Crash" manuscript and related digital collection on February 27.
5. An audit-upgraded testnet for Polygon zkEVM will be available next week.
6. March 2 (Thursday), U.S. Release Unemployment Rate.
