Asia's weekly TOP10 crypto news (Apr 28 to May 4) Beijing Re | WuBlockchain on Binance Square

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Asia's weekly TOP10 crypto news (Apr 28 to May 4) Beijing Releases the Action Plan for the Development of Blockchain Innovation Applications, Singapore Gulf Bank Launches SGB Net, Ant Digital Technology Launches the Jovay Layer 2 Blockchain and the DTVM Stack Smart Contract Platform, KuCoin Plans to Return to the South Korean Market and more

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Bitcoin mining firm Bit Digital has filed to raise up to $500 million via an at-the-market (ATM) offering, exceeding its current market cap of $429 million. The funds will support expansion into high-performance computing and cloud services, covering equipment purchases, working capital, and potential acquisitions.

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Binance and the Kyrgyz National Agency for Investments have signed a strategic MoU to accelerate the country's digital-asset sector. The partnership will bring crypto payments to Kyrgyzstan through Binance Pay and support educational initiatives relying on Binance Academy’s expertise.

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According to Joseilbo, the Financial Services Commission of South Korea announced that starting from June, non-profit organizations and virtual asset exchanges will be able to sell their virtual assets in accordance with the law, provided that they establish an internal review mechanism and strengthen anti-money laundering reviews.

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According to Point Daily, there are an estimated 16 million virtual asset investors in South Korea, accounting for about 36% of the country's voters. As the presidential election on June 3 approaches, candidates from various parties have introduced virtual asset-related policies to attract votes.

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The United States is unlikely to significantly increase its Bitcoin holdings, says BitMEX co-founder Arthur Hayes, citing the country’s ballooning national debt and the cultural image tied to Bitcoin investors. He said it would be difficult for any “properly elected” official to justify printing more money to buy Bitcoin.

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