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Author: Wei Xiang

  • [ISCA] Auditing Crypto Assets: How To Verify Existence And Ownership

    [ISCA] Auditing Crypto Assets: How To Verify Existence And Ownership

    Wei Xiang

    As of 11 February 2025, the number of financial institutions licensed by the Monetary Authority of Singapore (MAS) to provide Digital Payment Token services has surpassed 30, and it continues to grow. With Bitcoin reaching an all-time high, there is increasing demand to verify the existence and ownership of cryptocurrencies (crypto) in financial audits and… Read more

  • [SOLANA] 2025 Stablecoin Report

    [SOLANA] 2025 Stablecoin Report

    Wei Xiang

    Solana is Emerging as a Leading Platform for Stablecoins Stablecoin Ecosystem on Solana High Transaction Volumes Use Cases Expanding Beyond DeFi Stablecoins on Solana are powering use cases in: Institutional and Ecosystem Support Read more

  • [SFA] SINGAPORE: THE ONCHAIN STATE 2025 REPORT

    [SFA] SINGAPORE: THE ONCHAIN STATE 2025 REPORT

    Wei Xiang

    A Thriving Onchain Ecosystem led by stablecoins, DeFi making new highs Keeping up with Web3’s Evolution: More Utility, More Transactions Greater Trust in Crypto From Singaporean Companies Improving the Road Ahead: The Builders’ Wishlist Link to article: https://www.onchainstate.sg Read more

  • [EY Parthenon] Increasing Allocations
 in a Maturing Market

    [EY Parthenon] Increasing Allocations
 in a Maturing Market

    Wei Xiang

    More than three-quarters of surveyed investors expect to increase their allocations to digital assets in 2025, with 59% planning to allocate over 5% of assets under management to digital assets or related products. Looking forward, surveyed investors noted regulatory clarity as the #1 catalyst for growth in digital assets. With this as a backdrop, Coinbase… Read more

  • PwC Global Crypto Regulation Report 2025

    PwC Global Crypto Regulation Report 2025

    Wei Xiang

    ,

    The U.S. moves towards regulatory clarity Asia’s proactive crypto regulations MiCAR’s transitional period creates uncertainty Middle East and emerging market frameworks UK’s cryptoasset regime in progress Integration of crypto into traditional finance Read more

  • [The CPA Journal] Auditing Cryptocurrency Companies

    [The CPA Journal] Auditing Cryptocurrency Companies

    Wei Xiang

    ,

    Recent events in the cryptocurrency industry highlight the risks for investors and customers—as well as auditors. This article summarizes the international, U.S. GAAP, and PCAOB auditing standards and practices relevant to audits of crypto companies. To better understand the auditing environment for, and the riskiness of, cryptocurrency companies, the audit reports and financial statements of… Read more

  • [KoinX] What is A Wallet Address? An Essential Guide for Every Crypto User

    [KoinX] What is A Wallet Address? An Essential Guide for Every Crypto User

    Wei Xiang

    ,

    Cryptocurrency transactions rely on wallet addresses, which serve as unique identifiers for sending and receiving digital assets. Much like an email address for financial transfers, a wallet address ensures that funds reach the correct recipient securely. Understanding how these addresses work is essential to avoid costly mistakes, such as sending funds to the wrong address,… Read more

  • [BEOSIN] INDONESIA ON-CHAIN FUND FLOW AND RISK ANALYSIS REPORT

    [BEOSIN] INDONESIA ON-CHAIN FUND FLOW AND RISK ANALYSIS REPORT

    Wei Xiang

    ,

    Driven by the continuous rise in global crypto asset penetration and the explosive growth of the user base in Southeast Asia, Indonesia, with its youthful population structure and rapidly evolving digital financial infrastructure, is becoming a key growth hub in the Asia-Pacific crypto ecosystem. Overview of Indonesia’s Cryptocurrency Market: On-Chain Fund Flow and Risk Analysis:… Read more

  • [CoinGecko] State of Crypto Perpetuals

    [CoinGecko] State of Crypto Perpetuals

    Wei Xiang

    Explosive Growth in Trading Volume Record-High Open Interest (OI) Decentralized Perpetual Exchanges (DEXes) Growth CEX vs. DEX Market Share Bitcoin Dominates Trading Activity Bitcoin Funding Rate Trends Liquidation Trends & Major Events Yield Opportunities in Perpetual DEX LP Tokens Read more

  • [forvis mazars] Key Considerations for Protecting Crypto Assets

    [forvis mazars] Key Considerations for Protecting Crypto Assets

    Wei Xiang

    It is estimated that organizations lose 5% of revenue to fraud each year, with an average loss of $1.7 million dollars. Asset misappropriation, or the unauthorized use of an organization’s assets for personal gain, accounts for 89% of those cases. In almost every case, the existence of controls reduces the overall loss and duration of the fraudulent… Read more