Three bidders win Vietnam gold auction at high price

HANOI: The State Bank of Vietnam (SBV) announced the result of Wednesday's (May 8) gold auction, with three winning bidders securing 34 lots. The only winning bid price is VNĐ86.05 million (US$3,383 per tael), which is VNĐ750,000 per tael higher than the reference price. As a result, a total of 3,400 taels of SJC-branded gold bars have...

AstraZeneca to withdraw Covid-19 vaccine globally as demand dips

NEW YORK: AstraZeneca said on Tuesday it had initiated the worldwide withdrawal of its Covid-19 vaccine due to a "surplus of available updated vaccines" since the pandemic. The company also said it would proceed to withdraw the vaccine Vaxzevria's marketing authorizations within Europe. "As multiple, variant Covid-19 vaccines have since been developed there is a surplus of...

Spot ETFs in Hong Kong launch softened outflow from US funds

The outflow of investments in digital assets for the fourth week in a row amounted to $251 million. According to CoinShares data, the week from April 27 to May 3 marked the first time there were any measurable outflows from newly issued U.S. ETFs. The average purchase price of the underlying ETF asset since launch is $62,200 per...

5 Solana-only protocols rank top-10 in defi volume

As traders and investors seek gains, this year’s Solana rebirth has buoyed SOL-native exchanges to the forefront of defi activity. DefiLlama data shows five Solana-only protocols appeared in the top 10 decentralized exchange (DEX) volumes in the past 24 hours. A DEX is a trading venue built atop a blockchain that allows users to buy, sell, and swap cryptocurrencies. On-chain...

Binance releases 18th proof of reserve

Binance, crypto’s largest exchange, disclosed reserve increments across the top five digital assets by market cap despite a slump in prices over the past month. The Binance proof-of-reserve (PoR) reported an excess backing of at least over 104% for Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB, and Solana (SOL). “When we say Proof of Reserves, we are specifically...

Starknet Foundation launches $5m grant program

The Starknet Foundation announced the launch of a $5 million grant program for 200 crypto project teams. According to the Starknet Foundation team, this initiative aims to provide 200 crypto project teams with funding of up to $25,000 in USDC to accelerate the growth of the Starknet ecosystem. The Starknet Foundation aims to support projects that have already developed a minimum...

MoonPay, BitPay partner to simplify crypto transactions

MoonPay, a web3 fintech firm, and BitPay, a crypto payments platform, have teamed up to simplify crypto transactions, aiming to make the process smoother. MoonPay announced via social media that the partnership would enable easier and faster crypto sales, streamlining how users transfer cryptocurrency to their bank account or debit card. The integration aims to simplify the digital finance landscape...

AstraZeneca to withdraw Covid-19 vaccine globally as demand dips

NEW YORK: AstraZeneca said on Tuesday it had initiated the worldwide withdrawal of its Covid-19 vaccine due to a "surplus of available updated vaccines" since the pandemic. The company also said it would proceed to withdraw the vaccine Vaxzevria's marketing authorizations within Europe. "As multiple, variant Covid-19 vaccines have since been developed there is a surplus of...

Chinese zoo starts ‘panda dog’ enclosure with dyed chow chows

BEIJING (The Straits Times/ANN): Two “panda dogs” have been delighting and perplexing visitors of a zoo in China since a dedicated enclosure opened to the public on May 1. Videos of the animals posted online confused netizens, some of whom mistook them for real pandas, with others asking whether “panda dog” was a real breed. And while...

Thailand welcomes 12 million tourists in four months – Malaysians second biggest group after Chinese visitors

BANGKOK (The Nation Thailand/ANN): Thailand has welcomed more than 12 million foreign tourists during the first four months of this year, the Tourism Authority of Thailand (TAT) has announced to the media. The TAT said 12,127,447 foreign tourists entered Thailand from January 1 to April 30, an increase of 142.87% from the same period last year. According...