Token Offering of Asset Management Platform Factor Raises Roughly $7.6M

First among these changes was increasing the liquidity owned by the protocol for the USDC/FCTR pair on Camelot. When participating in the token generation event, users would deposit stablecoin USDC into the protocol in exchange for FCTR. Half of the USDC funds raised from the public sale will now be deployed into a liquidity pool that is owned by the protocol. Initially, only 40% was to be used for protocol owned liquidity. Source

Hong Kong crypto frenzy, DeFi token surges 550%, NBA China NFTs — Asia Express – Cointelegraph Magazine

Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital asset trading platforms. The SFC requires the licensing of all cryptocurrency exchanges operating in Hong Kong, or soliciting services from Hong Kong investors, by June 2023. In addition, the SFC said it will seek feedback on whether licensed platform operators should be allowed to provide services to retail investors and…