Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy: Asia Express
Cointelegraph
Published May 04, 2023 07:15PM ET
Updated May 04, 2023 07:40PM ET
Our weekly roundup of news from East Asia curates the industrys most important developments.
On Apr. 30, cryptocurrency exchange Binance unveiled two LaunchPools for the then-up-and-coming listing of Sui tokens. As a Layer-1 blockchain created by Mysten Labs, which in turn was founded by former Meta executives, the Sui project was eagerly anticipated and raised $300 million from venture capitalists such as FTX Ventures, Coinbase (NASDAQ:COIN) Ventures, Jump Crypto, a16z, and Circle Ventures. On Binance, users could either stake BNB or TrueUSD (TUSD) to farm a share of 40 million Sui tokens.
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