WAO ART

Hong Kong experiences a significant increase in cryptocurrency activity, leading East Asia. The Chinese mainland's strict cryptocurrency ban drives citizens to seek alternatives for asset preservation. Hong Kong jumps from 47th to 30th in global cryptocurrency usage rankings.

Google Cloud has introduced a new blockchain RPC service aimed at Web3 developers. The service initially supports Ethereum's main and test networks, with plans to expand to other blockchains in the future. The RPC service allows developers to easily access blockchain data and functions through API.

The Reserve Bank of Australia has launched Project Acacia to explore the benefits of a wholesale central bank digital currency. The RBA shifted its focus from retail CBDCs, finding limited advantages for the public in that area. A wholesale CBDC is expected to enhance efficiency and transparency.

Venezuelan opposition leader proposes adding Bitcoin to the country's national reserves to address economic challenges. The plan aims to appeal to both Venezuelans facing hyperinflation and Bitcoin supporters. There is skepticism regarding the effectiveness.

MicroStrategy raises $875M in convertible senior notes, up from an initial $700M due to high demand. The notes will mature in 2028 and carry a low interest rate of 0.625%, paid semi-annually. These unsecured notes can be converted into cash or class A common stock.

Nigeria's 11 states are at risk of flooding due to water releases from Cameroon's Lagdo dam. The Nigeria Hydrological Services Agency (NIHSA) has issued a warning following this notification. The controlled releases are a response to heavy rainfall in West and Central Africa.

Google successfully challenged a €1.5 billion fine imposed by the EU for online ads abuse. The EU's General Court in Luxembourg ruled that regulators made errors in their investigation. The fine was originally issued in 2019 for allegedly stifling competition in the online advertising market.