// According to a Bloomberg report from March 30, ProDigital Future has finished its half-year fundraising period with about $30 million in its pockets. However, it plans to raise $100 million by the end of 2023.

The fund is led by Ben Ng, a partner at Hong Kong-based equity firm SAIF Partners, and Curt Shi, a long-time tech investor from China. At this point, Sunwah Kingsway Capital Holdings and Golin International Group have already hopped in to support the fund. https://coinspectator.com/cointelegraph/2023/03/30/hong-kong-fund-plans-to-raise-100-million-for-crypto-investment/ //

// 首個 web3 論述是以區塊鏈為核心，這是追溯得到的客觀事實，但相對於改善生產關係的區塊鏈，提升生產效率的 AI 易懂又可量化，發展一日千里，假如將來 web3 被定性為 AI 主導的互聯網，我可不會意外。史書是由勝利者撰寫的，尤其是獨裁的勝利者。

身為實踐者，與其爭論誰是 web3 的名門正宗，不如低頭把產品做好，當改善由量變演化至質變，用戶自然會把你視為新的典範。 https://ckxpress.com/web3/ //

// The launch of Web3 Infrastructure Foundation (W3IF), a joint initiative of Flomesh, Starnet and HardenedVault, was successfully held at Cyberport in Hong Kong. They said Hong Kong’s free port attributes and friendly regulatory environment for Web3 became external conditions for the establishment of the foundation. https://en.prnasia.com/releases/apac/the-web3-infrastructure-foundation-has-been-established-in-hong-kong-welcome-to-the-desert-of-the-real–396861.shtml //

// Molly WHite: Well, I still have an open mind. I still tell people that I’m open to there being some killer use case that I just haven’t thought about. But seeing the constant fraud and how motivated people are by the economic forces in crypto to take advantage of people has really made me very skeptical and cynical about the industry. https://spectrum.ieee.org/web3 //

// XanPool, a crypto payments platform that raised US$41 million in funding last year, told Tech in Asia that it has laid off “just under 40 people.” The company did not say how many employees were still on its staff, but its total headcount before the lay-offs is estimated to be fewer than 100 employees. https://www.techinasia.com/xanpool-slashes-staff-global-market-turmoil-shuts-singapore-malaysia-offices //

// “Based on discussions with the Staff, the Company believes these potential enforcement actions would relate to aspects of the Company’s spot market, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet,” Coinbase said in a regulatory filing. “The potential civil action may seek injunctive relief, disgorgement, and civil penalties.” https://www.cryptopolitan.com/sec-takes-aim-at-coinbase-is-the-end-near/ //

// The web3 AI-powered platform is building a new app that blends features of social media with e-commerce. Speaking to TechCrunch on Tuesday, Jaeson Ma, co-CEO of OP3N “I wanted to make a connection for creators, chats and commerce in one place,” calling it “a web3 version of WhatsApp meets Amazon, or WeChat meets Alibaba.” https://www.nftgators.com/animoca-brands-leads-op3ns-28m-round-for-web3-superapp/ //

// In short: Crypto companies, startups, and VCs will likely face liquidity challenges as we struggle to find banks who will work with us Silvergate and Signature were the primary banks for crypto companies, enabling instantaneous movement of fiat between accounts 24/7. And now we’ve got to look elsewhere. Backup Banks: Coindesk reports that these major banks are still willing to work w/crypto firms (albeit w/restricted services) … but the outlook isn’t great. https://jpegs.banklesshq.com/p/crypto-in-crisis //

// For this, the second-largest crypto exchange by trade volume partnered with Standard Chartered to add support for FAST (Fast and Secure Transfers), an electronic funds transfer service launched by the Association of Banks in Singapore, on its platform. https://www.techinasia.com/coinbase-adds-support-direct-bank-transfers-singapore //