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Hong Kong’s annoying new ‘travel rule’, $1.14B of 3AC’s assets frozen: Asia Express

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Hong Kong attracts 210 crypto companies despite its very annoying new travel rule, $1.1B of 3AC’s assets frozen, and more in Asia Express.

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Coin Market

Crypto miners in Texas’ ERCOT region are now required to report power demand

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PUCT Chairman Thomas Gleeson said the new rule was designed to help manage the power grid as more mining facilities come online.

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Coin Market

Elon Musk, the world’s richest man, hits record $348B net worth

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The new wealth record has been driven by a Tesla stock surge late last week and a $50 billion funding round for Musk’s AI startup. 

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Coin Market

SEC nets record $8.2B from enforcement, mostly from Terraform Labs

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Terraform Labs’ near $4.5 billion settlement with the SEC has contributed to a record year for the agency’s financial penalties.

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