ChainCatcher news, according to The Block, digital asset service provider BitGo announced the establishment of a subsidiary in Singapore, aiming to expand its business in the Asia-Pacific region. BitGo Singapore will offer cold storage services for over 1,100 digital assets, while also supporting features such as voice trading, automated settlement, and token management, targeting institutional users such as foundations and protocols.Previous report, BitGo obtained a major payment institution license from the Monetary Authority of Singapore (MAS) in August this year, allowing it to legally conduct digital asset services in Singapore.

ChainCatcher news, during the Thailand Blockchain Week, the Asia-Pacific media officially established Layer East Media, a strategic alliance aimed at strengthening communication between the West and the Asia-Pacific region in Web3. The eight founding members of the alliance include HashKey Capital, Decrypt, Coinpost, Bitcoin Addict (Cryptomind Group), Coin68, PANews, Odaily, and Coinvestasi, who signed a memorandum of understanding committing to promote responsible reporting and innovative collaboration.The alliance also includes Crypto Times, Tokenpost, CoinNess, Foresight News, Blockbeats, Techflow, Chaincatcher, Blocktempo, and Wu Says Blockchain. Layer East Media will support the expansion of Web3 in the Asia-Pacific market through regional events and exclusive content, welcoming more media to join and jointly advance the APAC Web3 media network.

ChainCatcher news, Mind Network's Asia-Pacific head Leon Li confirmed attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon. Mind Network is a fully homomorphic encryption (FHE) layer for AI and proof of stake (POS) networks. This layer accepts re-staked tokens from ETH, BTC, and AI bluechips, operating as an FHE verification network, bringing consensus, data, and cryptoeconomic security to Decentralized AI, DePIN, EigenLayer, Symbiotic, Babylon AVS, and many key POS networks.The "DeInsight 2024" annual summit will take place on November 11 at Hotel Nikko Bangkok in Bangkok. This summit is co-hosted by ChainCatcher and RootData, with SoSo Value as a co-organizer, aiming to gather elites from the Web3 field to exchange insights on the industry, and is expected to attract over 1,000 industry elites.Additionally, the conference will unveil the RootData List 2024 annual heavyweight rankings, objectively selecting influential individuals or institutions in the industry from a data perspective.

ChainCatcher news, Asa, the head of io.net for the Asia-Pacific region, confirmed attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon. io.net is a decentralized computing network that supports the development, execution, and scaling of ML applications on the Solana blockchain, combining 1 million GPUs to form the world's largest GPU cluster. DePIN.io.net aggregates GPUs from underutilized resources (such as independent data centers, crypto miners, and crypto projects like Filecoin and Render) to address this issue. These resources are combined in a decentralized physical infrastructure network (DePIN), enabling engineers to access vast computing power in a system that is accessible, customizable, cost-effective, and easy to implement.The "DeInsight 2024" annual summit will be held on November 11 at Hotel Nikko Bangkok. This summit is co-hosted by ChainCatcher and RootData, with Soso Value as a co-organizer, taking place on November 11 in Bangkok, Thailand. The conference aims to bring together elites in the Web3 field to exchange insights on the industry, and it is expected to attract over 1,000 industry elites.Additionally, the conference will unveil the RootData List 2024, a significant annual ranking that objectively selects influential individuals or institutions in the industry from a data perspective.

ChainCatcher news, Movement's Asia-Pacific head Joe confirmed attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon. Movement is a modular framework for building and deploying Move-based infrastructure, applications, and blockchains in any distributed environment.The "DeInsight 2024" annual summit will take place on November 11 at Hotel Nikko Bangkok in Bangkok. This summit is co-hosted by ChainCatcher and RootData, with Soso Value as a co-organizer, and aims to bring together elites in the Web3 field to exchange insights on the industry, expecting to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024, a significant annual ranking that objectively selects influential individuals or institutions in the industry from a data perspective.

ChainCatcher news, according to Hong Kong media East Network, the Hong Kong Securities and Futures Commission (SFC) discussed regulatory guidelines for crypto assets, tokenization, and artificial intelligence with representatives from 12 Asia-Pacific securities market regulatory agencies.In addition, the Hong Kong SFC also hosted the first meeting of the International Organization of Securities Commissions (IOSCO) Asia-Pacific Committee's Supervisory Directors Network, where, in addition to discussions, there was sharing of the latest market developments and observations from the business community. A commercial bank also conducted a live demonstration of artificial intelligence applications.

ChainCatcher news, John, the head of the Ton Foundation for the Asia-Pacific region, confirmed his attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon.The "DeInsight 2024" annual summit will take place on November 11 at Hotel Nikko Bangkok in Bangkok. This summit is co-hosted by ChainCatcher and RootData, with Soso Value as a co-organizer. The conference aims to bring together elites in the Web3 field to exchange insights on the industry, and it is expected to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024, which will objectively evaluate influential individuals or organizations in the industry from a data perspective.

ChainCatcher news, digital asset trading software provider Talos Trading Inc. is preparing to double its workforce in the Asia-Pacific region over the next 12 months.The New York-based cryptocurrency unicorn, backed by A16z, has identified Asia as its primary market, benefiting from its strong cryptocurrency foundation and regulatory clarity in jurisdictions such as Hong Kong, Singapore, and Japan.The Asia region currently contributes the majority of Talos's revenue. It is reported that Talos completed a $40 million Series A funding round in 2021, led by a16z, with participation from PayPal Ventures and Fidelity Investments.

ChainCatcher news, according to Crowdfundinsider, the artificial intelligence company OpenAI has announced its entry into the Singapore market and plans to establish a regional office for the Asia-Pacific in the local area within the year. OpenAI CEO Sam Altman stated that Singapore's leading position in the field of artificial intelligence and its potential to address social challenges are the main reasons for the company's decision to set up operations there.According to OpenAI data, Singapore is one of the countries with the highest per capita usage rate of ChatGPT globally, with the number of weekly active users doubling since the beginning of this year. To support this growth, OpenAI will form a team in Singapore as a hub to serve clients and partners in the Asia-Pacific region.The company also announced a partnership with AI Singapore, committing to invest up to $1 million to develop resources and open datasets suitable for Southeast Asia's diverse languages and cultures. OpenAI has appointed Oliver Jay as Managing Director of International Business, responsible for global expansion affairs.

ChainCatcher news, the world's first AI-driven comprehensive financial derivatives service platform EraAI today announced the official launch of its membership system. To align with EraAI's global strategy in the Asia-Pacific region and to gather initial traffic, achieving the market share target for the DePIN track in the Asia-Pacific region by June 2025, EraAI provides efficient, secure, and intelligent multi-domain AI technology solutions and hardware device solutions for enterprises and users within Asia.In addition, EraAI also announced a strategic partnership with D3X, with both parties working together to promote innovation in AI technology and jointly explore the Asian AI market. EraAI will leverage its advanced technology in the AI field and D3X's global resources and experience to not only optimize investment management and trading strategies but also achieve overall profitability, real-time decision-making, and automated trading, which is expected to significantly enhance the operational efficiency and innovation capabilities of enterprises in the region.EraAI's Asia-Pacific strategy will achieve a perfect combination of European and American technology with Asian traffic. Era's entry into the market will also provide blockchain and DePIN enthusiasts in the Asia-Pacific region with new services and more optimization options, laying a solid foundation for future market expansion and user growth.

ChainCatcher message, ChainCatcher, in collaboration with the crypto media Blocktempo, has launched a survey on the research methods of crypto venture capital in the Asia-Pacific region.As the crypto industry enters a new development cycle, understanding the changes in venture capital research methods and standards helps to reduce information gaps, identify quality projects for the next cycle, and promote the effective allocation of market resources.Click the link to participate in this survey. The results will be published on over 10 authoritative media platforms, and completing the questionnaire takes only 10-15 minutes. Participants will have the chance to receive 100 Plus version APIs (3 months of usage) provided by RootData, available on a first-come, first-served basis.

ChainCatcher news, KPMG released the "Fintech Trends" report yesterday, which shows that in the first half of the year, the Asia-Pacific region recorded a total of 438 fintech transactions, raising $3.8 billion. The Asia-Pacific region places greater emphasis on the development and launch of virtual currencies and tokenized real-world assets.Major financial hubs such as Hong Kong, Singapore, and Japan are committed to balancing innovation and regulation, continuing to explore and approve activities that integrate traditional finance with decentralized finance while protecting investors' rights. The Hong Kong government is actively developing cryptocurrency regulations to support cryptocurrency trading and other related activities.In the first half of 2024, the Hong Kong Monetary Authority launched the second phase of the e-HKD pilot program and is attracting cryptocurrency companies through various initiatives to enhance Hong Kong's financial ecosystem, promoting the city to become an international virtual asset center.

ChainCather news, according to blocktempo, TonX announced a $4 million funding round at The Open Summit held in Taipei on August 8, led by SNZ Ventures and Summer Ventures, previously led by TON Ventures.TONX is a SuperApp platform for developers to expand Web3 applications, aimed at enabling developers to quickly create new Web3 economies. It is reported that one of the founders of TONX, Dr. Awesome Doge, is a member of the core development team of TON, and this funding round is used to solidify TONX's key position in the Web3 ecosystem.

ChainCatcher news, Deribit Asia Pacific Business Head Lin Jie stated on social media that there was a net outflow of BTC spot ETF for five consecutive days last week, with a total net outflow of 544 million USD. This data can be continuously monitored, and once a trend reversal leads to net inflows, it should be the time to buy call options and sell put options.