Bitcoin (BTC) miners or entities generating the cryptocurrency seem to be running down their coin stash amid the FTX-induced market panic.

The world’s richest man has once again shared his thoughts on the primary cryptocurrency by means of total market capitalization.

Huobi announced that it is also a victim of the FTX scandal. It revealed in a notice that it was unable to withdraw $18.1 million from the now-bankrupt exchange. Of this, $13.2 million belongs to customers, with the remaining $5 million belonging to subsidiary Hbit.

Even with the market taking yet another downturn, NFTs continue to be a ray of hope for investors. While NFT investment figures have dropped from their all-time highs, certain collections continue to win investors over as they always have. The NFT niche is becoming one of quality, not quantity, and investors are looking for innovative ideas.

Hong Kong remains bullish on virtual assets in the financial sector after the FTX debacle, while maintaining the view that regulation of businesses is a prerequisite for market development, said Hong Kong’s Financial Secretary Paul Chan in a blog post published on Sunday.

ARGOS ID is delighted to introduce the world’s first Travel Rule solution for crypto wallets. The service brings full coverage on verifying unhosted wallets which virtual asset service providers(VASPs) find challenging in the current stage.

Hong Kong will issue what is the world’s first tokenized government green bonds by the end of the year. Reports also state that the region will legalize retail crypto trading.

The CEO of Binance, Changpeng Zhao, revealed that his company will form an industry recovery group in a bid to reduce the negative effects associated with the fallout of FTX.

Binance CEO Changpeng "CZ" Zhao says that his exchange is setting up an industry recovery fund to help rebuild the industry.

Hong Kong-based crypto exchange AAX has reiterated that its suspension of withdrawals on the platform has nothing to do with the ongoing fallout from FTX's collapse and that y rumors to the contrary are false.