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Crypto Evening Briefing: Hong Kong Web3Hub Fund Officially Launched Today

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Bittrue Exploited for $24.4 Million in Tokens

Bitrue, a cryptocurrency exchange, has been exploited for roughly $24.4 million in tokens. The exchange confirmed the breach on Twitter, stating that they identified a brief exploit in one of their hot wallets and were able to prevent further exploitation of funds. 

Conflux to Bring Uniswap v3 and Curve to China’s Public Blockchain

Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX. 

Ripple Launches Liquidity Hub, Now Live for Businesses

Ripple has launched its Liquidity Hub solution, which offers businesses access to liquidity for a variety of digital assets, drawn from a wide range of top exchanges, market makers, and over-the-counter desks worldwide. The service uses advanced technology to find the best rates for digital assets and allows businesses to access liquidity without needing to keep a lot of capital on hand.

HashKey PRO, a New Regulated Virtual Asset Exchange, Targets to Launch with Fiat Trading Pairs in Q2 of 2023

HashKey Group, the leading virtual asset group in Asia, is thrilled to announce the launch of HashKey PRO, its new regulated exchange. Set to launch in Q2 of 2023, it aims to provide a robust platform for clients to trade their virtual assets safely. 

Tokenization of Real-World Assets a Key Driver of Digital Asset Adoption: Bank of America

According to a research report by Bank of America, the tokenized gold market surpassed $1 billion in value last month, driven by the tokenization of real-world assets such as precious metals on the blockchain. 

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $30,663.21 USD, jumped by 1.13% in the last 24 hours;

ETH’s live price is $2,098.44 USD, jumped by 4.81% in the last 24 hours;

BNB’s live price is $332.52 USD, jumped by 2.32% in the last 24 hours;

XRP's live price is $0.5270 USD, jumped by 3.21% in the last 24 hours.

Fundraising News

Zipmex’s Rescue Investor Now Wants to Pay Only 10 to 20 Cents on the Dollar

Zipmex's rescue investor, previously pledging to provide 100% payment, now wants to give only 10 to 20 cents on the dollar to the troubled exchange's creditors, according to a letter to the Supreme Court of Singapore by Zipmex's lawyers, Morgan Lewis Stamford.

Crypto Lender Amber Mulls Potential Sale of Japan Subsidiary

Crypto lender Amber Group is weighing options for its Japan unit, including a possible sale, and plans to apply for a Hong Kong license following the city’s pivot toward creating a digital-asset hub.

Wanxiang Blockchain Labs and HashKey Capital Jointly Launched a Web3 Incubator to Provide Support for Web3 Start-up Projects

The incubator is jointly launched by Wanxiang Blockchain Labs and HashKey Capital, aiming to provide high-value content, funding, market resources, technical development, and community operations support for Web3 start-up projects, and to help build a dual-drive Web3 ecosystem, linking Web2 and Web3, and promoting the large-scale application of Web3.

CEO of Hong Kong Web3Hub Fund: Preparing to Launch a $100 Million Web3 Ecosystem Fund

On April 14th, at the sub-venue four of the "MetaEra x BitMart Special Session: Where are the Opportunities of the Metaverse" forum at the 2023 Hong Kong Web3 Festival, Mr. Wong Chun-hong, the CEO of the Hong Kong Web3Hub Fund, announced the launch of a $100 million Web3 ecosystem fund, which will invest in global projects and promote the development of global Web3 standards, based in Hong Kong.

Hong Kong Web3Hub Fund Officially Launched Today

The fund has a scale of $10 million and aims to encourage more companies to settle in Hong Kong by combining blockchain and artificial intelligence to provide a convenient and cost-effective platform. The Hong Kong Web3.0 Association was established on April 11, and the Web3Hub Fund will support more overseas Web3.0 companies to settle in Hong Kong.

Cobo Announces Strategic Investment in Particle Network to Champion the Standardization of MPC Wallet Technology

At the recent Wallet Developers Conference held at the Grand Hyatt Hong Kong, Cobo's Co-founder and CTO, Jiang Changhao, unveiled the exciting partnership. Cobo and Particle Network are joining forces to concentrate on wallet security and other vital areas. By working together, they will propel the standardization of MPC wallet technology, foster compatibility and interoperability for Web3 solutions, and offer reliable, user-friendly MPC wallet services for Web3 application layer projects.

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