ChainCatcher news, according to PRNewswire, Oriental Asset Management (Hong Kong) has signed a strategic cooperation agreement with Peach Tech to jointly promote innovation and integration between traditional financial institutions and the Web3 digital asset world. Peach Tech will provide exclusive advisory services and infrastructure to assist Oriental Asset Management (Hong Kong) in the tokenization of its physical assets, which will be managed through the Peach Investment Fund (PIF) and the Peach Investment Fund Token (PIFT), aiming to transform the management and tokenization of traditional financial assets (such as real estate) and create a more integrated and innovative financial ecosystem between traditional finance and cryptocurrency in Asia.

ChainCatcher news, the bankruptcy judge approved the sale of BlockFi's mining machines and other physical assets for $4.7 million. These assets were sold to a company named US Farms.Related attorneys stated that the deal was reached after a "very competitive" auction process, which included five bids for the complete mining asset package and seven additional partial bids.It is reported that BlockFi is one of the largest lenders in the Bitcoin mining sector, and the company intends to sell $160 million in mining loans. Many of these are secured by ASIC mining machines, and since the prices of ASIC machines have significantly dropped last year, these loans may now be under-collateralized. (source link)