A wallet owned by DBS, Singapore's largest bank, owns over 173,000 ETH. The bank has made over $200 million on this position at current market prices. While a DBS spokesperson said this position is not on its books, the firm is familiar with crypto and offers services like custody, trading, and portfolio management.
Singapore is the only country where cultivated meat can be purchased in shops. The country aims to produce 30% of its nutritional needs locally by 2030. Its approval of cultivated meat has attracted companies from all over the world to develop alternative proteins. Its regulatory structure makes it the perfect spot for companies to further the technology and help drive down costs.
Renowned crypto and Silicon Valley investor Balaji Srinivasan has launched a new experimental pop-up city in Singapore called "The Network School". It's a 3-month long pop-up that hopes to redefine education, career development, and community engagement through four core themes: "Learn, Burn, Earn, and Fun". The effort will prioritize providing a platform for "dark talent" and embracing innovative approaches like crypto-credentials.
DBS Bank has launched crypto-structured products, including structured notes and options with underlying Bitcoin and Ethereum reserves, after an initial announcement on September 17. They started trading yesterday.