Due to a US holiday yesterday, @TheBlock__'s Asia conference schedule was exceptionally busy. Here are a few important updates you might have missed:
🌍 Coinbase CEO @brian_armstrong stated he will discuss the US market structure bill with bank executives at the World Economic Forum.
🐳 A Bitcoin wallet, dormant for 13 years, has been reactivated, transferring $85 million worth of Bitcoin.
⛽️ @Pumpfun launched "Pump Fund," a new investment arm focused on startups within its ecosystem.
📊 @megaeth announced it will conduct stress tests on its mainnet prior to its official launch, aiming to process 11 billion transactions in seven days.
🇭🇰 The Hong Kong Securities and Futures Professionals Association criticized some key provisions in Hong Kong's proposed virtual asset management rules, warning that these provisions could hinder traditional asset management firms from investing in cryptocurrencies.
⚠️ A vulnerability was discovered on the @makinafi platform, which used a $280 million USDC flash loan to steal approximately $5 million from a stablecoin pool.
Thanks to @ParkKunwoong, @timmyhmshen, and @DangaWrites for providing the tip.