{"id":986,"date":"2023-02-23T10:29:00","date_gmt":"2023-02-23T02:29:00","guid":{"rendered":"https:\/\/insights.digift.io\/?p=986"},"modified":"2025-08-15T16:54:10","modified_gmt":"2025-08-15T08:54:10","slug":"crypto-hedge-fund-galois-capital-shuts-down-after-losing-40m-to-ftx-hong-kong-outlines-upcoming-crypto-licensing-regime","status":"publish","type":"post","link":"https:\/\/insights.digift.io\/zh\/crypto-hedge-fund-galois-capital-shuts-down-after-losing-40m-to-ftx-hong-kong-outlines-upcoming-crypto-licensing-regime\/","title":{"rendered":"Crypto hedge fund Galois Capital shuts down after losing $40M to FTX, Hong Kong outlines upcoming crypto licensing regime"},"content":{"rendered":"\n

Weekly Update: 23 Feb 2023<\/strong><\/p>\n\n\n\n

1) Crypto hedge fund Galois Capital shuts down after losing $40M to FTX [CoinDesk<\/a>]<\/p>\n\n\n\n

– Galois co-founder said the fund has halted all trading as it is no longer viable post-FTX.<\/p>\n\n\n\n

2) Flux Finance enables borrowing against tokenized treasury bonds [The Defiant<\/a>]<\/p>\n\n\n\n

– DeFi lending protocol attracts over $10M in stablecoins in five days since launch.<\/p>\n\n\n\n

3) Former FTX executive Nishad Singh planning to plead guilty to fraud: Bloomberg  [CoinDesk<\/a>]<\/p>\n\n\n\n

– Singh, the former engineering director for the collapsed crypto exchange, was a member of Bankman-Fried\u2019s inner circle.<\/p>\n\n\n\n

4) NFT marketplace Magic Eden partners with MoonPay to offer credit card payments [CoinDesk<\/a>]<\/p>\n\n\n\n

– MoonPay has a similar partnership in place with NFT marketplace LooksRare.<\/p>\n\n\n\n

5) Vitalik Buterin proposes ‘stealth addresses’ to enhance Ethereum privacy [The Block<\/a>]<\/p>\n\n\n\n

– Buterin proposed a system of \u201cstealth addresses\u201d to enhance transactional privacy on Ethereum, allowing users to generate cryptographically obfuscated public addresses to receive funds privately.<\/p>\n\n\n\n

6) Hong Kong outlines upcoming crypto licensing regime [Cointelegraph<\/a>]<\/p>\n\n\n\n

– Hong Kong\u2019s Securities and Futures Commission calls for public consultation over plans to allow licensed cryptocurrency exchanges to serve retail investors.<\/p>\n\n\n\n

7) Washington think tank says crypto regulation by enforcement is just fine [Blockworks<\/a>]<\/p>\n\n\n\n

– Recent turmoil in the crypto market has accelerated the need for tougher crypto regulation, according to US think tank analysts.<\/p>\n\n\n\n

8) Zambia tests technology for crypto regulation, says Minister Mutati [Cointelegraph<\/a>]<\/p>\n\n\n\n

– The Bank of Zambia and the country\u2019s securities regulator are collaborating on digital infrastructure and a policy framework for crypto.<\/p>\n\n\n\n

9) DeFi Chaos Labs raises $20M round co-led by PayPal [Blockworks<\/a>]<\/p>\n\n\n\n

– Some of the most prominent DeFi players are already among Chaos\u2019 clientele.<\/p>\n\n\n\n

10) Sequoia, Dragonfly back Web3 startup Caldera in $9M rounds [CoinDesk<\/a>]<\/p>\n\n\n\n

– The capital will go towards hiring, partnerships and integrations.<\/p>\n","protected":false},"excerpt":{"rendered":"

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