– Thailand is planning a national airdrop in which every citizen 16 years and older will receive 10,000 baht ($285) in a “utility type 1” token.
– Real estate developer Srettha Thavisin, who was elected as Thailand’s prime minister, promised the airdrop during his campaign.
– The funding for the airdrop will come from tax collection in the 2024 fiscal year, with a total budget estimate of 560 billion baht ($16 billion).
– Users can only spend the digitized tokens within four kilometers of their residence and the tokens will only be valid for six months.
– Delio, a South Korean Bitcoin lender, is expecting a recovery rate of just 50% to 70% on its assets, which hold over $1.2 billion in Bitcoin and Ether.
– Delio suspended deposits and withdrawals after disclosing significant exposure to fellow South Korean Bitcoin lender Haru Invest, which is currently in bankruptcy proceedings.
– Vietnam is ranked first in the world in crypto adoption, with up to 19% of its population between the ages of 18 and 64 using digital assets.
– Vietnam is home to around 200 blockchain projects and is expected to generate $109.4 million in revenue from crypto exchanges this year.
– Binance Japan plans to list 100 coins and tokens as soon as possible, according to CEO Tsuyoshi Chino.
– The parent exchange, Binance, has surpassed 150 million in user count with an average daily trading volume of $65 billion.
– The City of Shenzhen in China has pledged 15 million digital yuan ($2.1 million) for municipal airdrops of the digital Chinese yuan central bank digital currency over the next three years.
– China’s central government has been promoting the digital yuan CBDC as a means of stimulating the country’s economy.
