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He Yi Discusses Binance's Regulatory Strategy Amid Actions Against Binance and Zhao Changpen
In a public letter, He Yi, Co-founder of Binance, discusses the company's compliance strategy, which gains significance amidst a U.S. Department of Justice inquiry initiated on May 6, 2023, 13 SEC charges, and the company's recent exit from the Russian market.
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Singapore's Whampoa Group Raises $50M for Crypto Hedge Funds
According to Bloomberg, Singapore-based asset management firm Whampoa Group plans to raise $50 million for a crypto hedge fund and has announced plans to set up a venture capital fund to invest in digital assets.