June 14: Floki Goes to Vietnam, HK Is Cheap & The Best DePIN Projects
Massive price drop, massive TVL increase. Mixed signals in the market
Hello there, Sarah here. I’m back with another episode to wrap up your crypto week.
Floki is making a strategic push into Vietnam with targeted marketing efforts. It seems like they are going to show Floki in the physical advertisements like LED displays. Apparently, Vietnam has shown some buying power in crypto so hope Floki makes it in the Asian market too.
In Hong Kong, the cost of applying for a crypto exchange license has been highlighted, which is supposedly cheaper than 1 year ago. Does this mean that we are done with stringent local regulations? Absolutely not. But at least this article wanted to attract some new exchanges coming to HK eh?
Ripple has launched a fund in Japan and Korea to drive blockchain innovation, signaling its commitment to fostering technological advancements in these key Asian markets. This initiative is expected to bolster the development of blockchain applications and enhance Ripple's influence in the region. On the side of regulations, South Korea's regulator has differentiated NFTs from traditional cryptocurrencies in its regulatory framework, acknowledging the unique characteristics of non-fungible tokens.
Going back to the international world, we are going through the technicality of ZKsync airdrop. Also, it seems like Curve Finance's founder Michael Egorov faced yet another massive liquidation, highlighting the volatility of CRV.
In the Bitcoin realm, Bitcoin Layer 2 TVL has soared with the contribution of Bitlayer and Merlin Chain. Franklin Templeton has tipped Solana DePIN projects for success, signaling confidence in Solana's decentralized infrastructure. Listen to this episode to find out which projects they are.
Hope you enjoyed this week as well. Don’t forget to come back this weekend for extra juicy content!
Happy Hodling, everyone!
News Links👇
Asia Focus
https://www.cryptotimes.io/2024/06/12/floki-expands-in-vietnam-with-strategic-marketing/
https://cointelegraph.com/news/hong-kong-crypto-exchange-license-applications-cost
https://www.cnbc.com/2024/06/11/ripple-launches-japan-and-korea-fund-to-drive-blockchain-innovation.html
https://sfctoday.com/south-korean-regulator-differentiates-nfts-from-crypto-rules/
https://www.theblock.co/post/299404/zksync-airdrop-zk-tokens
https://thedefiant.io/news/defi/curve-finance-founder-michael-egorov-suffers-massive-liquidations
https://thedefiant.io/news/blockchains/bitcoin-layer-2-tvl-soars-above-usd2-billion
https://www.dlnews.com/articles/defi/franklin-templeton-tips-solana-depin-projects-for-success/
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