Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and Futures Commission (SFC) of Hong …

Gate’s founder called Hong Kong a “hub,” meanwhile, the city’s financial secretary said the region “must keep up” with the “huge potential” of Web3. Source: https://cointelegraph.com/news/gate-io-to-enter-hong-kong-following-city-s-6-4m-budget-allocation-to-web3

The Friendsies NFT collection responded to accusations it was behind a $5 million rug pull after announcing a “pause” of the project. Source: https://cointelegraph.com/news/friendsies-nft-creators-deny-abandoning-project-amid-rug-pull-allegations

Transaction volume on the exchange fell 12% in 2022’s fourth quarter, but the firm still beat forecast earnings despite a 57% year-on-year revenue drop. Source: https://cointelegraph.com/news/coinbase-beats-q4-earnings-estimates-amid-falling-transaction-volume

Kevin O’Leary believes U.S. Senators are “fatigued” and “pissed” at the cryptocurrency industry for having to deal with one blowup after another. Source: https://cointelegraph.com/news/ftx-poked-the-bear-and-the-bear-is-pissed-o-leary-on-the-crypto-crackdown

The CTO stepped down from the DeFi-focused infrastructure firm on Feb. 20, but not without some allegations aimed at his former company and its CEO. Source: https://cointelegraph.com/news/composable-finance-ceo-denies-legal-violations-as-cto-steps-down

“We are very sorry for the concern and inconvenience caused to our customers due to the suspension of our services,” the exchange wrote. Source: https://cointelegraph.com/news/ftx-japan-to-resume-withdrawals-on-feb-21

While the collapse of FTX shaved $100 billion off of BTC’s market cap in just four days last year, BTC has managed to fully recover and stack on another …

Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD …

The misordered lines caused a solvency check to be performed before the user’s amount, factor, and rewardDebt had been set to zero Source: https://cointelegraph.com/news/platypus-attack-exploited-incorrect-ordering-of-code-auditor-claims