Cryptocurrencies, blockchain, NFT and new trends

Zhu Su’s exchange did $13.64 in volume akshually, Huobi in crisis: Asia Express

Our weekly roundup of news from East Asia curates the industrys most important developments.

Blowing up a Singaporean crypto hedge fund worth an estimated $10 billion at its peak was, by all means, a life-changing event for its co-founders Kyle Davies and Zhu Su. It appears that the trauma from the incident had been so severe that the two executives embarked on a series of spiritual journeys starting mid-2022 to transcend the effects of Three Arrow Capital’s (3AC) bankruptcy.

The voyage appears to have been fruitful. From escaping the pursuit of creditors, to making philosophical observations after witnessing the deaths of German tourists, to discovering the grace of Allah through Islam, to reigniting their passion for life through the culinary arts, to finding companionship in Japanese NFT avatars, Davies and Su may have finally found the answer to overcoming life’s hardships: If you don’t get it right the first time, keep trying until you succeed.

OPNX clarifies to users that the exchange’s trading volume had been grossly understated in the CoinDesk report (Twitter)Huobi Tokens suffered a flash crash that liquidated many leveraged users on Mar. 10. (Huobi Global)Abyss World gameplay (Metagame Industries)

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