Stephanie Li

Reporter on crypto & China's PE/VC scene for @DealStreetAsia, formerly @KrASIA

[Grayscale @Grayscale]

We believe the case for spot #Ethereum ETFs is just as strong as it was for spot #Bitcoin ETFs. Today we submitted new regulatory filings that would further expand our product suite. (1/5)

[Galaxy Research @glxyresearch]

Crypto VC rebounded in Q1, with investors placing at least $2.5bn across ~600 deals. Full report coming soon.

[BDA Partners @BDAPartners]

BDA Partners’ Anthony Siu, Partner and Head of Shanghai, speaks with @DealStreetAsia on the growing trend of take-private deals in Hong Kong, where companies are delisted from the stock exchange.

Read more below:
https://t.co/LrnP1rCzbf

[Safety @Safety]

We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation. Based on our investigation, the compromise was not due to any breach of X’s systems, but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party. We can also confirm that the account did not have two-factor authentication enabled at the time the account was compromised. We encourage all users to enable this extra layer of security. More information and tips on how to keep your account secure can be found in our Help Center: https://t.co/C9SIie1i16

[Calvin | Impossible is always BUIDLing @calchulus]

2. Worldcoin is listing at 18B FDV with reportedly ~2million registered users.

Binance is trading at 36B FDV with 55M unique visits last month - If you don't think that Worldcoin is worth half of your valuation for less than 27.5x users. why list it?
https://t.co/kj3YwZep6S

[William Mougayar @wmougayar]

2/10 Allowing the public trading of a token when the network has barely launched and with no significant proof of success or utility is not the way to do it. This is uber-speculative, and unsurprisingly, some exchanges have rushed to list it just to get the trading fees.

[Mike Belshe @mikebelshe]

Behind the scenes last week was our system of checks-and-balances. The court system absolutely protects from politicians & regulators when they step over lines, be it the SEC, the FTC, or anyone else. Despite its many faults, we should be very proud of the system! A huge win for confidence in the US Dollar and US markets.

[kristieneo @kristieneo]

Most crypto deals are happening at a 50% discount from 2021 levels: Token Bay Capital https://t.co/jx0lQCh3Vp via @Stephan94881584 @DealStreetAsia

[Stephanie Li @Stephan94881584]

@alibaba_cloud Hi I wonder if there's any way to access the recordings? Some of the sessions are very illuminating

[kristieneo @kristieneo]

Our crypto reporter @Stephan94881584 recently covered this this morning👇🏼
https://t.co/5tazoryzVl via @DealStreetAsia

[kristieneo @kristieneo]

SG's Blockchain Founders Fund eyes over 200 deals with $75m second fund https://t.co/Uwme11DkPv via @Stephan94881584 @DealStreetAsia

[Jaran Mellerud 🇳🇴 @jmellerud]

Thanks to its stranded hydropower, Sweden has become one of Europe's last #bitcoin mining refuges. But what else defines the bitcoin mining industry in this Arctic outpost?

Learn in this thread 🧵

[Alex Svanevik 🐧 @ASvanevik]

I think 2023 will be a bloodbath for crypto startups:

1. Most ‘21/22 seed startups run out of money
2. Some get acquired
3. A few raise new rounds (>80% downrounds)
4. Tech salaries come down
5. Tech job titles deflate
6. VCs invest in other sectors (AI etc)

[Bitcoin @Bitcoin]

This is what some of the @FTX_Official contagion looks like. @WuBlockchain

[Wu Blockchain @WuBlockchain]

Suji Yan, founder of Mask Network, said that a FixDAO will be formed for a large number of victimized users in Asia to defend the interests of users affected by the FTX incident, and has collected more than 200 million US dollars in financial claims.

[Patrick Hansen @paddi_hansen]

The EU Parliament hearing on the FTX collapse and implications for the EU is starting now.

Follow the live stream here: https://t.co/G2mh9pfx6Y

[Dune @Dune]

Gigawizard @andrewhong5297 is joining Dune as education lead 🧙‍♂️

Get ready to level up!

https://t.co/XrdwFbfbR0

[Josh Ye @ByJoshYe]

Re: China protests, Hong Kong’s biggest TV network TVB only had a 40-sec segment 28 minutes into its 40-min prime time show. Neither TVB’s website or HK’s main public broadcasting service RTHK covers this issue while it’s clearly the world’s biggest story. State of HK journalism.

[Wu Blockchain @WuBlockchain]

BITMAIN will be launching a new Coupon to Long-term Agreement customers in September 2021, paying 100% for delivery batches with no cancellations, offering a 30% maximum order amount deduction. Rig prices have fallen by about 80% since September 2021.
https://t.co/fMAZai7DHC