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  • [Ben Davis] The $1.5B ByBit Hack: Would Insurance Have Helped?

    [Ben Davis] The $1.5B ByBit Hack: Would Insurance Have Helped?

    Wei Xiang

    ,

    The cryptocurrency industry was recently shaken by a sophisticated attack on ByBit, resulting in a $1.5 billion loss in ETH. The attack, attributed to North Korea’s sanctioned Lazarus Group, has sparked extensive discussion within the security community. Rather than providing another technical analysis, this article examines the incident through an insurance lens, using Harry Donnelly’s comprehensive technical write-up… Read more

  • [51 INSIGHTS] Memecoins: How to Separate Value from Hype

    [51 INSIGHTS] Memecoins: How to Separate Value from Hype

    Wei Xiang

    Introduction to Memecoins: The Evolution and Popularity of Memecoins: Challenges and Regulatory Considerations: Memecoins as Strategic Business Tools: For business leaders, memecoins can be leveraged for: Conclusion: Memecoins are more than speculative assets—they are cultural instruments that allow individuals and decentralized communities to wield influence and power. This shift is not just financial, but also… Read more

  • [ISCA] Stablecoins 101 (Part 2)

    [ISCA] Stablecoins 101 (Part 2)

    Wei Xiang

    Key Stablecoin Companies in Singapore: Stablecoin Use Cases: Regulatory Landscape: Risks & Concerns: Challenges & Limitations: Conclusion: https://ca-lab.isca.org.sg/technicalities/stablecoins-101-part-2/ Read more

  • [ELLIPTIC] The readiness of the digital asset ecosystem

    [ELLIPTIC] The readiness of the digital asset ecosystem

    Wei Xiang

    The digital asset market is highly dynamic and influenced by many factors and In the last few years, sentiment about the industry has fluctuated as a result of new regulations, increased institutional adoption, new technology developments, and macro economic factors such as higher inflation. Positive sentiment often follows favorable developments on any of these fronts. Read more

  • [KENNETH BOK] HOW DEFI, DIGITAL ASSETS, AND DISTRIBUTED LEDGER TECHNOLOGY ARE TRANSFORMING FINANCE

    [KENNETH BOK] HOW DEFI, DIGITAL ASSETS, AND DISTRIBUTED LEDGER TECHNOLOGY ARE TRANSFORMING FINANCE

    Wei Xiang

    Decentralizing Finance: How DeFi, Digital Assets, and Distributed Ledger Technology Are Transforming Finance by Kenneth Bok explores how decentralized finance (DeFi), digital assets, and distributed ledger technology (DLT) are transforming the financial industry. This book provides comprehensive and in-depth insights for finance professionals and those interested in the field. Read more

  • [TAQ] A Roadmap to Start Auditing Crypto Exchanges

    [TAQ] A Roadmap to Start Auditing Crypto Exchanges

    Wei Xiang

    ,

    Financial auditing is already a complex task, demanding specialized skills and expertise to assess a company’s complete set of books and records. When it comes to crypto companies, these challenges multiply exponentially. Need to verify asset balances? There’s no bank confirmation for that. Trying to validate transaction details? They’re on the blockchain, good luck! Does… Read more

  • [ISCA] Stablecoins 101 (Part 1)

    [ISCA] Stablecoins 101 (Part 1)

    Wei Xiang

    Stablecoins are digital assets designed to maintain a stable value by pegging to a reserve asset such as fiat currency, commodity, or algorithmic mechanisms. Their primary purpose is to mitigate the volatility inherent in traditional cryptocurrencies like Bitcoin and Ethereum. Types of stablecoins Fiat-collateralised stablecoins dominate the stablecoin market, typically accounting for over 90% of the… Read more

  • [OKX] The State of DEXs 2025

    [OKX] The State of DEXs 2025

    Wei Xiang

    This report focuses on DEXs — the lifeblood of the Web3 economy. The rise of DEXs have been unstoppable, with the DEX to CEX spot volume reaching an all-time high. Decentralized, borderless, and community-driven, they embody the core ethos of crypto. By analyzing their evolution, highlighting challenges, and showcasing new opportunities, we hope to provide… Read more

  • [Request] The ultimate Web3 CFO guide 2025

    [Request] The ultimate Web3 CFO guide 2025

    Wei Xiang

    ,

    1. Education is needed to help finance professionals understand Web3. Most CFOs at Web3 organizations have prior experience in financial operations, accounting, or similar roles but struggle to learn about Web3. 2. Financial Operations (FinOps) tooling in Web3 represents a tremendously underserved SaaS category. Existing payments, accounting, or enterprise resource planning (ERP) tools are illsuited… Read more

  • [KPMG] Accounting for staking activities

    [KPMG] Accounting for staking activities

    Wei Xiang

    ,

    In general, staked tokens are not derecognized by the staking entity. This is because, regardless of whether the staked tokens continue to reside in the staking entity’s digital wallet, no other entity obtains the right or ability to direct their use (e.g. the right or ability to sell, lend or otherwise transfer those crypto intangible… Read more