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Hong Kong’s Second Biggest IPO of Year Seals Founder’s Fortune
Another billionaire has been minted thanks to the online shopping boom that’s expanding from China to Southeast Asia.
J&T Global Express Ltd. debuted on Friday in Hong Kong after completing the city’s second-biggest initial public offering of 2023, leaving its founder Li “Jet” Jie with a $1.5 billion net worth, per Bloomberg Billionaires Index. Shares closed at the listing price of HK$12, after swinging between slight gains and losses during the session.
The courier firm raised $500 million in the IPO.
SBF Testifies Lawyers Were Involved in Key FTX Decisions
FTX founder Sam Bankman-Fried testified at his fraud trial outside the jury's presence that lawyers at his now-bankrupt cryptocurrency exchange were involved in key decisions at the heart of the case, as he sought to distance himself from responsibility for any wrongdoing.
He gave testimony that fit with the defense argument that he acted in good faith while running FTX...
Indian Banks Offer Incentives to Lift Digital Currency transactions
Indian banks are offering incentives for conducting transactions using the central bank digital currency, the e-rupee, nudged by the Reserve Bank of India to boost volumes, three sources said.
The incentives range from cash-backs to reward points, similar to those offered by the banks on credit and debit cards...
Is Bitcoin Overheated? Some Believe the Answer is Hiding in PEPE
Some crypto market observers believe a rush into memecoin token PEPE could herald an impending Bitcoin dump, but not everyone is convinced.
Onchain Capital co-founder and Crypto Banter host Ran Neuner suggested that memecoin PEPE is a strong indicator of overblown crypto market fever...
FTX Moves Millions Worth of LINK, MATIC, AGLD to Coinbase
Bankrupt crypto exchange FTX moved another batch of crypto assets worth millions including Chainlink's LINK and Polygon's MATIC Thursday afternoon, blockchain data revealed.
Some $2.6 million in LINK and $1.3 million in adventure gold AGLD were deposited to Coinbase originated from FTX-related crypto wallets...
U.K.’s Financial Watchdog Vows to Remove ‘Illegal’ Crypto Marketing Content
Businesses that wish to promote crypto assets in the U.K. are now required by law to register with the FCA and obtain authorization or use the services of a firm authorized to approve marketing materials. The obligation, part of new rules introduced in June, was enforced on October 8...
Why The Everything App Actually Makes A Lot Of Sense
The idea of "Everything App" espoused by Elon Musk makes a great sense and the concept is sound per Taskmaster.
He shares his mind about why he thinks it is important and how InLeo is operating at a different level.
Hive Rally Zealy Campaign - 1500 HBD in Prizes
The Central European Rally is ongoing and a Hive-Zealy campaign has kickstarted in relation to it.
There's a 1,500 HBD in prizes for those who rank up the Leaderboard by performing tasks such as retweeting, commenting, and liking among others.
For more details, check it out here.
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