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Crypto Evening Briefing: More Than 80 Firms Express Interest in Establishing Presence in Hong Kong

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Flagstar Takes Over Signature, Minus Its Crypto Business

Following an unsuccessful first attempt by the FDIC to find a buyer for Signature Bank, the latter placed in receivership by the fiscal authority will be bought out by Flagsta Bank – a subsidiary of New York Community Bancorp, Inc.

Report: China Will Become a Metaverse Tech Leader During 2023

A report issued by Globaldata, a global consulting and data analysis company, predicts that China will become a leading country in metaverse tech during 2023.

Taiwan Financial Regulator Says Will Oversee Crypto Currencies

Taiwan's Financial Supervisory Commission will be the main overseer of crypto currencies on the island, the head of the regulator said on Monday.

More Than 80 Firms Express Interest in Establishing Presence in Hong Kong

Christian Hui, Hong Kong's Secretary for Financial Services and the Treasury, said during a recent speech that more than 80 crypto-related companies have shown interest in establishing a presence in the city since October 2022.

Crypto.com Gets Closer to an Operational License in Dubai

Singapore-based crypto platform Crypto.com has received its minimal viable product (MVP) Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA), the firm announced on Monday.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $28,173.03 USD, jumped by 3.28% in the last 24 hours;

ETH’s live price is $1,779.18 USD, dropped by 0.40% in the last 24 hours;

BNB’s live price is $339.26 USD, dropped by 0.25% in the last 24 hours;

XRP's live price is $0.3821 USD, dropped by 4.01% in the last 24 hours.

Fundraising News

Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix

Market maker and investment firm DWF Labs is making a $20 million investment in on-chain liquidity and derivatives trading protocol Synthetix. DWF Labs purchased $15 million worth of Synthetix's native token SNX on March 16 with a further purchase of $5 million to follow, the Synthetix Treasury Council announced via email on Monday.

EOS Network Ventures Commits $20M to Build Dapps and Games on EOS Blockchain

EOS Network Ventures has committed $20 million in capital to develop applications and gaming products on the EOS network after April's Ethereum Virtual Machine (EVM) launch.

TTV Capital Closes Fund VI at $250 Million to Invest in Early-Stage Fintech Companies

TTV Capital, an early-stage fintech venture capital firm, today announced that it has closed its sixth fund at $250 million, the largest since the firm was founded over two decades ago. The fundraise, which originally targeted $150 million, saw overwhelming interest and was oversubscribed by $100 million. Fund VI includes both new and existing limited partners comprising institutional and strategic investors, as well as family offices.

Flying Sheep Studios Gets $1.2M in German Government Funding for Metaverse Game

Flying Sheep Studios said its Star Life title, a social massively multiplayer online (MMO) game targeted at the metaverse, has raised $1.2 million in funding from the German government. The game is focused on cooperation, and community-driven experiences that will prioritize socializing, diversity and being the party as well as being part of the metaverse, eventually hosting events and concerts for players.

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