Weekly East Asia news roundup: Cryptocurrency exchange Binance is under renewed scrutiny for allegedly firing its own researchers over alleged market manipulation by VIP client DWF Labs. Binance denied the allegations and stated that it had removed 355,000 users who violated its terms of service in the last three years, with a total transaction volume of $2.5 trillion. DWF Labs also denied the allegations and stated that it adheres to the highest ethical standards. Yi He, co-founder of Binance, stated that the media reports with an emotional and biased approach.

The Fansland music festival held in Bangkok attracted more than 30,000 attendees. The festival featured tokenized music products and AI-generated music idols. Tickets were minted as NFTs and traded on secondary markets. The aim of the festival is to create a decentralized fan economy infrastructure where global music lovers can interact with singers and idols.

Total assets under management for six Bitcoin and Ether ETFs in Hong Kong have exceeded $317.4 million since their inception on April 30. The majority of ETFs were subscribed prior to their listing. A $128 million fund was created to provide liquidity to Hong Kong ETFs.

What do you think about this news? We are waiting your comments.#Binance#DWF#Fansland#HongKongETFs