{"id":16470,"date":"2023-05-05T04:56:13","date_gmt":"2023-05-05T08:56:13","guid":{"rendered":"https:\/\/demo2.dedicatedhost247.com\/crypto\/asia-express-cointelegraph-magazine-14\/"},"modified":"2023-05-05T04:56:13","modified_gmt":"2023-05-05T08:56:13","slug":"asia-express-cointelegraph-magazine-14","status":"publish","type":"post","link":"https:\/\/demo2.dedicatedhost247.com\/crypto\/asia-express-cointelegraph-magazine-14\/","title":{"rendered":"Asia Express \u2013 Cointelegraph Magazine"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><em>Our weekly roundup of news from East Asia curates the industry\u2019s most important developments.<\/em><\/p>\n<h2 id=\"h-sui-rises-to-glory-as-sun-sets-sights-on-it\">SUI rises to glory as Sun sets sights on it<\/h2>\n<p>On April 30, cryptocurrency exchange Binance unveiled two LaunchPools for the then-up-and-coming listing of Sui tokens. As a layer-1 blockchain created by Mysten Labs, which in turn was founded by former Meta executives, the Sui project was eagerly anticipated and <a href=\"https:\/\/cointelegraph.com\/news\/former-meta-execs-raise-300m-to-accelerate-adoption-of-sui-blockchain\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">raised $300 million<\/a> from venture capitalists such as FTX Ventures, Coinbase Ventures, Jump Crypto, a16z and Circle Ventures. On Binance, users could either stake BNB or TrueUSD (TUSD) to farm a share of 40 million Sui tokens.<\/p>\n<p>To say that the LaunchPools were oversubscribed would be an understatement. Despite just 0.4% of the 10 billion Sui being up for grabs, the retail frenzy saw the BNB-Sui farm pool surpass 8.895 million BNB staked and the TUSD-Sui farm pool top 892.6 million TUSD staked, totaling a combined $3.8 billion at the time of publication.<\/p>\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"wp-image-19195\" width=\"885\" height=\"314\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/image-1024x363.png 1024w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/image-300x106.png 300w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/image-770x273.png 770w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/image.png 1289w\" data-lazy-sizes=\"(max-width: 885px) 100vw, 885px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/image-1024x363.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/image-1024x363.png\" alt=\"\" class=\"wp-image-19195\" width=\"885\" height=\"314\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/image-1024x363.png 1024w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/image-300x106.png 300w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/image-770x273.png 770w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/image.png 1289w\" sizes=\"(max-width: 885px) 100vw, 885px\"\/><\/noscript><figcaption class=\"wp-element-caption\"><em>The arguably well-oversubscribed BNB-Sui LaunchPool (Binance)<\/em><\/figcaption><\/figure>\n<p>The thirst for Sui was so great that on May 1, Changpeng Zhao (CZ), co-founder and CEO of <a href=\"https:\/\/cointelegraph.com\/magazine\/btc-white-paper-hidden-macos-binance-loses-aus-license-doge-news-hodlers-digest-april-2-8\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Binance<\/a>, publicly rebuked Tron founder Justin Sun for a deposit of 56.1 million TUSD on the exchange. <\/p>\n<p>\u201cOur team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will \u2018take action against it.\u2019 SMH. Binance LaunchPool are meant as air drops for our retail users, not just for a few whales,\u201d CZ wrote. <\/p>\n<p>Interestingly, it appears as if the publicity raised questions over the extent of Sun\u2019s involvement in TUSD. On May 4, TrueUSD developers stated that \u201cTrueUSD was never owned by Justin Sun\u201d in response to allegations. <\/p>\n<p>Anyways, Sun quickly <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1652954970000617474\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">apologized<\/a> with regard to the deposit, claiming that the funds were intended for \u201cmarket making,\u201d but nevertheless, \u201csome of our team members were not fully aware of the intended purpose for these funds,\u201d and used them to \u201cparticipate in exchange campaigns.\u201d The blockchain personality wrote that the Tron DAO has contacted Binance and \u201carranged for a full refund.\u201d On the same day, 278,752 SUI in farmed rewards were returned to the TUSD LaunchPool. <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We\u2019ve discussed with the TUSD market maker and mutually agreed to refund their farmed <a href=\"https:\/\/twitter.com\/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">$SUI<\/a> back to the TUSD pool on Binance. <\/p>\n<p>The returned rewards (278,752 SUI) will be reallocated into the TUSD pool on May 2 at 00:00 UTC.<\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1653060898913677312?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">May 1, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Three days after the Binance LaunchPool event, the Sui token was listed on Binance after its mainnet finally came online, with network transactions averaging a <a href=\"https:\/\/suiexplorer.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">rate<\/a> of five per second. That relatively low metric has not stopped Sui from having a fully diluted market capitalization of $13.65 billion, and that\u2019s despite a 70% plunge from its opening price in a matter of hours, according to CoinMarketCap. At the time of publication, each Sui was worth $1.36 apiece, representing a 1,260% gain from its offering price of 0.1 USDT last month.<\/p>\n<p>All the wild trading was apparently too much for some exchanges to handle. On May 4, Mingxing Xu, founder of OKX, issued an<a href=\"https:\/\/twitter.com\/zhusu\/status\/1653370386376196096\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">apology<\/a>to customers who \u201ccan\u2019t cancel order\u201d and purchased Sui at a higher price than intended.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cWe are so sorry for the inconvenience and will fix the trading system bug asap to prevent it happening again in the future.\u201d<\/p>\n<\/blockquote>\n<p>Even the Sui team seemed concerned about the rampant levels of speculation, as they <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1653722900661407744\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">reportedly<\/a> asked \u201ccooperative exchanges\u201d not to launch Sui perpetual contracts. Some ignored the request and immediately listed them anyway. The same day, Sui developers also <a href=\"https:\/\/twitter.com\/SuiNetwork\/status\/1653746857057865729\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">launched<\/a> the Sui Token Bridge, which connects 22 blockchains to Sui through Wormhole.<\/p>\n<section class=\"adv-banner adbutler-ad adbutler-ad__desktop\">\n<div class=\"container\"><!-- 1456x180 [img] --><br \/>\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=169476;size=728x90;setID=601214;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fjustin-suns-sui-farming-sins-pepes-wild-run-3acs-oyster-philosophy-asia-express%2F\" target=\"_blank\" rel=\"noopener noreferrer\"><img src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=169476;size=728x90;setID=601214;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fjustin-suns-sui-farming-sins-pepes-wild-run-3acs-oyster-philosophy-asia-express%2F;type=img\"\/><noscript><img src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=169476;size=728x90;setID=601214;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fjustin-suns-sui-farming-sins-pepes-wild-run-3acs-oyster-philosophy-asia-express%2F;type=img\"\/><\/noscript><\/a><\/div>\n<\/section>\n<section class=\"adv-banner adbutler-ad adbutler-ad__mobile\">\n<div class=\"container\"><!-- 600x500 [img] --><br \/>\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=169476;size=300x250;setID=601213;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fjustin-suns-sui-farming-sins-pepes-wild-run-3acs-oyster-philosophy-asia-express%2F\" target=\"_blank\" rel=\"noopener noreferrer\"><img src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=169476;size=300x250;setID=601213;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fjustin-suns-sui-farming-sins-pepes-wild-run-3acs-oyster-philosophy-asia-express%2F;type=img\"\/><noscript><img src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=169476;size=300x250;setID=601213;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fjustin-suns-sui-farming-sins-pepes-wild-run-3acs-oyster-philosophy-asia-express%2F;type=img\"\/><\/noscript><\/a><\/div>\n<\/section>\n<h2 id=\"h-apac-exchanges-love-pepe\">APAC exchanges love PEPE<\/h2>\n<p>On May 1, meme cryptocurrency PEPE surged by over 60% in a single day after cryptocurrency exchange OKX <a href=\"https:\/\/www.okx.com\/cn\/help-center\/okx-will-list-pepe-pepe-for-spot-trading\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">announced<\/a> the listing of PEPE tokens. OKX staff wrote in the announcement that the underlying cartoon character, Pepe the Frog, \u201cis one of the most popular memes in the world.\u201d Well, they weren\u2019t going to highlight the use cases, with PEPE\u2019s own website calling it \u201ccompletely useless.\u201d<\/p>\n<p>OKX isn\u2019t the only exchange active in the Asia Pacific (APAC) region with a liking for PEPE. Around the week starting April 17, cryptocurrency exchanges BingX, Huobi, Gate.io, MEXC Global and Bitget all listed PEPE within days of one another. The move sparked a major bull run that saw the token soar over 2,000% to trade at $0.00000133 at time of publication.<\/p>\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" alt=\"PEPE's meteoric rise post listing (Gate.io)\" class=\"wp-image-19198\" width=\"-47\" height=\"-37\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-04-154320.png 794w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-04-154320-300x234.png 300w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-04-154320-770x600.png 770w\" data-lazy-sizes=\"(max-width: 794px) 100vw, 794px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-04-154320.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-04-154320.png\" alt=\"PEPE's meteoric rise post listing (Gate.io)\" class=\"wp-image-19198\" width=\"-47\" height=\"-37\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-04-154320.png 794w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-04-154320-300x234.png 300w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-04-154320-770x600.png 770w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><\/noscript><figcaption class=\"wp-element-caption\"><em>PEPE\u2019s meteoric rise post-listing (Gate.io)<\/em><\/figcaption><\/figure>\n<p>Despite its popularity, it\u2019s unclear if PEPE has any association with Matt Furie, the cartoonist who created Pepe the Frog (seems unlikely, however). The token\u2019s creators have remained anonymous. It appears that investors don\u2019t seem to mind at all, as PEPE\u2019s total market cap has since surpassed $550 million. If you want to support Furie\u2019s work, you can pick up a genuine <a href=\"https:\/\/opensea.io\/collection\/pepe-editions-by-matt-furie\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Pepe NFT<\/a> for under $30.<\/p>\n<div class=\"article-suggest\">\n<p>Read also<\/p>\n<div class=\"article-suggest__items\">\n<div class=\"article-suggest__item\">\n                        <a href=\"https:\/\/cointelegraph.com\/magazine\/the-invisible-man-of-the-visible-world-how-blockchain-could-offer-new-hope-to-stateless-rohingya\/\" class=\"article-suggest__subtitle display4\"><br \/>\n                            <span>Features<\/span><\/p>\n<p>The Invisible Man of the Visible World: How Blockchain Could Offer New Hope to Stateless Rohingya<\/p>\n<p>                        <\/a>\n                    <\/div>\n<div class=\"article-suggest__item\">\n                        <a href=\"https:\/\/cointelegraph.com\/magazine\/how-do-you-dao-can-daos-scale-burning-questions\/\" class=\"article-suggest__subtitle display4\"><br \/>\n                            <span>Features<\/span><\/p>\n<p>How do you DAO? Can DAOs scale and other burning questions<\/p>\n<p>                        <\/a>\n                    <\/div>\n<\/div>\n<\/div>\n<h2 id=\"h-3ac-founders-philosophy-is-a-pearl\">3AC founders\u2019 philosophy is a pearl<\/h2>\n<p>Recently, Dubai\u2019s Virtual Assets Regulatory Authority published a written reprimand of the OPNX Exchange, which was created by Singaporean hedge fund Three Arrows Capital\u2019s co-founders, Kyle Davies and Su Zhu. In the letter, regulators warned that OPNX was operating in the Emirate of Dubai on an \u201cunregulated basis,\u201d and marketing and advertising the exchange and its native FLEX token \u201cwithout the necessary permits.\u201d<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cFollowing the launch, and with the continued lack of satisfactory remedial action by the responsible parties, VARA is continuing to actively monitor the situation and investigate OPNX\u2019s activity to assess further corrective measures that may be required to protect the market.\u201d<\/p>\n<\/blockquote>\n<p>Last June, the Monetary Authority of Singapore reprimanded 3AC for exceeding its $188 million cap on assets under management and allegedly providing false information to investors. The defunct hedge fund owed approximately $3.5 billion to creditors when it filed for bankruptcy at approximately the same time.  <\/p>\n<p>But just like with 3AC, it appears that resolving regulatory scrutiny is neither a key priority for Davies nor Zhu. Shortly after the announcement, Davies, who now works as a <a href=\"https:\/\/cointelegraph.com\/magazine\/3ac-cooks-up-a-storm-bitcoin-miner-surges-360-bruce-lee-nfts-dive-asia-express\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">professional<\/a> chef, <a href=\"https:\/\/twitter.com\/kyleldavies\/status\/1653299148894920704?s=46&amp;t=QIEydTQbX5PcK7bSykEd_w\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">divulged<\/a> his appetite for oysters while explaining their spiritual relationship to entrepreneurship in terms of Hellenistic and Classic Chinese philosophy. \u201cThey are a potent reminder of the power of turning harsh conditions into something beautiful.\u201d Aw, shucks. <\/p>\n<p>Meanwhile, Zhu, who is also a philosophy enthusiast, seems to have followed the Buddhist school by explaining to his audience the \u201cnonduality\u201d of political ideologies such as communism and capitalism. <\/p>\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" alt=\"For Davies, not even regulatory woes can takeaway the joy of extracting protein from deepwater mollusks while posing for the camera. \" class=\"wp-image-19193\" width=\"509\" height=\"679\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/FvGy1NbXsAA7a8w-768x1024.jpg 768w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/FvGy1NbXsAA7a8w-225x300.jpg 225w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/FvGy1NbXsAA7a8w-770x1027.jpg 770w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/FvGy1NbXsAA7a8w-1152x1536.jpg 1152w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/FvGy1NbXsAA7a8w.jpg 1200w\" data-lazy-sizes=\"(max-width: 509px) 100vw, 509px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/FvGy1NbXsAA7a8w-768x1024.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/FvGy1NbXsAA7a8w-768x1024.jpg\" alt=\"For Davies, not even regulatory woes can takeaway the joy of extracting protein from deepwater mollusks while posing for the camera. \" class=\"wp-image-19193\" width=\"509\" height=\"679\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/FvGy1NbXsAA7a8w-768x1024.jpg 768w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/FvGy1NbXsAA7a8w-225x300.jpg 225w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/FvGy1NbXsAA7a8w-770x1027.jpg 770w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/FvGy1NbXsAA7a8w-1152x1536.jpg 1152w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/05\/FvGy1NbXsAA7a8w.jpg 1200w\" sizes=\"(max-width: 509px) 100vw, 509px\"\/><\/noscript><figcaption class=\"wp-element-caption\"><em>For Davies, not even regulatory woes can take away the joy of extracting protein from deepwater mollusks while posing for the camera. (Twitter)<\/em><\/figcaption><\/figure>\n<p>3AC creditor and BitMEX co-founder Arthur Hayes discovered an even deeper meaning behind the pair\u2019s messages. He pointed out that there were exactly six oysters on Davies\u2019 dinner plate, and theorized that each oyster symbolized one piece of his $6 million claim from 3AC\u2019s bankruptcy proceedings. Court procedures are currently <a href=\"https:\/\/twitter.com\/3ACLiq\/status\/1649516130170535939\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ongoing<\/a>.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Awe that&#8217;s sweet, is that your way of using symbolism to represent the $6 million you owe me? 1 Oyster = $1 million \u2026 <a href=\"https:\/\/t.co\/ehWJ4wUfXB\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">https:\/\/t.co\/ehWJ4wUfXB<\/a><\/p>\n<p>\u2014 Arthur Hayes (@CryptoHayes) <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/1653333363401584642?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">May 2, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<div class=\"subscribe subscribe--inner\">\n<div class=\"container\">\n<div class=\"subscribe__inner\">\n<div class=\"subscribe__content\">\n<p>Subscribe<\/p>\n<p>The most engaging reads in blockchain. Delivered once a<br \/>\n        week.<\/p>\n<\/div>\n<div class=\"subscribe__img\">\n    <img alt=\"Subscribe to Magazine by Cointelegraph Newsletter.\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/10\/reading-copy.png\"\/><noscript><img src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/10\/reading-copy.png\" alt=\"Subscribe to Magazine by Cointelegraph Newsletter.\"\/><\/noscript>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"author category_page\">\n<div class=\"author__img\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" alt=\"\" height=\"300\" width=\"300\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/portrait_about_us_zhiyuan_sun_720.jpg\"\/><noscript><img loading=\"lazy\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/01\/portrait_about_us_zhiyuan_sun_720.jpg\" alt=\"\" height=\"300\" width=\"300\"\/><\/noscript>\n\t\t\t\t\t\t<\/div>\n<div class=\"author__content\">\n<h2 class=\"author__name\">Zhiyuan Sun<\/h2>\n<p>Zhiyuan sun is a journalist at Cointelegraph focusing on technology-related news. He has several years of experience writing for major financial media outlets such as The Motley Fool, Nasdaq.com and Seeking Alpha.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<section class=\"news\">\n<\/section>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/magazine\/justin-suns-sui-farming-sins-pepes-wild-run-3acs-oyster-philosophy-asia-express\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our weekly roundup of news from East Asia curates the industry\u2019s most important developments. SUI rises to glory as Sun sets sights on it On April 30, cryptocurrency exchange Binance unveiled two LaunchPools for the then-up-and-coming listing of Sui tokens. As a layer-1 blockchain created by Mysten Labs, which in turn was founded by former Meta executives, the Sui project was eagerly anticipated and raised $300 million from venture capitalists such as FTX Ventures, Coinbase Ventures, Jump Crypto, a16z and Circle Ventures. On Binance, users could either stake BNB or&hellip;<\/p>\n","protected":false},"author":1,"featured_media":16471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[40],"tags":[89,148,2621,130],"_links":{"self":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/posts\/16470"}],"collection":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/comments?post=16470"}],"version-history":[{"count":0,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/posts\/16470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/media\/16471"}],"wp:attachment":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/media?parent=16470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/categories?post=16470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/tags?post=16470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}