Boba Network raises $45 million at a $1.5 billion valuation Boba Network, an Ethereum Layer 2 scaling project that utilizes optimistic rollups, has raised $45 million in Series A funding at a $1.5 billion valuation. Investors included Crypto.com, Huobi, BitMart, Kinetic Capital, Infinite Capital, Hack VC, Will Smith-led Dreamers VC…

Indonesia and Brazil Top the List for Crypto Ownership by Country According to research released on Monday by cryptocurrency exchange Gemini, Indonesians possess the most crypto assets in the world. In addition, many Indonesian investors see digital assets as a hedge against inflation. Forty-one percent of Indonesians between the ages…

The best funds of 2022’s first quarter The first quarter of the year has been dominated by funds exposed to energy and Latin America, according to data from FE Analytics. This year started off with high volatility as investors raised their inflation expectations, causing bonds to sell-off — pushing yields…

U.S. and Chinese financial regulators appear to be making more progress on their auditing dispute. What happened Shares of many Chinese companies rose significantly on Monday after Chinese regulators took more concrete steps over the weekend to resolve an auditing dispute that threatened to result in those stocks being delisted from U.S…

China Nuclear Power Co’s first-quarter electricity output up 15.5per cent SINGAPORE : China National Nuclear Power Co’s first-quarter power generation increased by 15.5per cent from the same period last year, with renewables growth outpacing its dominant nuclear arm. Total power output was 47 billion kilowatts hours (kWh) in the first…

IPO deals in China and Hong Kong slump as omicron cases jump The number of public listings in greater China fell significantly in the first quarter of the year, but still performed better than other global markets, data from consultancy EY showed. Greater China overall had a 28% drop in…

Investors may be jumping the gun on Chinese stocks Some analysts remain pessimistic on U.S.-listed Chinese stocks, warning the road ahead remains uncertain despite signs that they’re at less risk of being delisted from U.S. exchanges. “Global investors may be jumping the gun a little bit. Everything is very, very…

US-China Market Watch: Bilateral Relations, “The Batman,” BYD U.S.-China relations show deepening tensions United States Trade Representative Katherine Tai said that recent trade talks with China have been “unduly difficult” and that the U.S. should focus on domestic development to maintain its “global competitive edge.” Representative Tai spoke before the House Ways and Means Committee…

Stocks fall on Wall Street as tech slips, bond yields jump Stocks fell in morning trading on Wall Street Tuesday as investors monitor the latest developments around Russia’s war against Ukraine and prepare for the next round of corporate report cards. The S&P 500 fell 0.6% as of 10:22 a.m…