singapore

Singapore Gulf Bank (SGB) announced that personal customers can conduct two-way exchanges between USD and USDT, USDC through the mobile banking app, without the need to transfer funds to a cryptocurrency exchange.Customers can hold USDT, USDC, and other fiat currencies in the same bank account, and the service supports 24-hour exchanges from Monday to Friday. Singapore Gulf Bank was initiated by the Singapore Huangpu Group.

According to Bitcoin Magazine, the Singapore-listed company BitFuFu disclosed an addition of 15 Bitcoins, bringing the company's total Bitcoin holdings to 1,388, valued at approximately 114.2 million USD.BitFuFu is a Bitcoin mining company registered in Singapore, with business covering mining and computing power-related services, and discloses changes in Bitcoin reserves as a public company.

The Monetary Authority of Singapore (MAS) has revoked the major payment institution license of the currency exchange and cross-border remittance entity Sir Money Changer Pte. Ltd. (SMC) under the Payment Services Act 2019, effective from September 15, 2026. From that date, SMC is no longer allowed to provide cross-border remittance and currency exchange services.The action by MAS stems from an investigation that found SMC allowed third parties to independently operate cross-border remittance services in one of its business premises under the name of SMC and provided false or misleading information to MAS. MAS pointed out that license holders must not allow third parties to use their license to conduct financial service activities and require payment service providers to maintain effective supervision and control over their business operations.

According to news from the Anthropic official website, Anthropic announced the opening of its fifth office in the Asia-Pacific region in Singapore and signed a memorandum of understanding with the Ministry of Communications and Information of Singapore. Both parties will collaborate in areas such as AI safety, model evaluation, and responsible AI adoption.Singapore is one of the most active markets for Claude globally, with over a thousand government agencies and enterprises, including GovTech Singapore, DBS, Grab, and GIC, already deploying Claude. Among them, over 1,500 engineers at GovTech Singapore have adopted Claude Code to advance the modernization of government systems, while Grab saves approximately 40,000 hours of manpower each quarter with the help of a Claude-driven sales assistant.

According to SolanaFloor, a TOKEN2049 attendee has filed a report with the Singapore police regarding a crypto security side event called Don't Get Played that took place during TOKEN2049.The event was promoted by self-proclaimed organizers Apex Accelerator and Stone Venture. It is alleged that the organizers pressured and induced attendees on-site to install malware that would allow the organizers to remotely take full control of their computers.

According to a report from the official Coinbase blog, the Anti-Scam Centre (ASC) of the Singapore Police Force released a briefing on scams and cybercrime for the first half of 2026, showing that cryptocurrency scam losses in Singapore decreased by 43% year-on-year, from 114.9 million Singapore dollars to 65.5 million Singapore dollars.The ASC attributes this achievement in part to the actions taken by industry partners, including the shutdown of 47,500 mobile lines, 37,500 WhatsApp accounts, and 52,200 malicious websites, as well as investigations into over 2,900 money mules and scammers, resulting in approximately 470 prosecutions. The Coinbase Global Intelligence Team identified over 720 potential victims through four joint operations with the ASC, helping to intercept potential losses of over 18.9 million Singapore dollars.

From October 9 to 11, Gate, as the official sponsor and long-term partner of the F1 Red Bull Racing Team, hosted a VIP exclusive hospitality event during the 2026 F1 Singapore Grand Prix, inviting dozens of global VIP clients, core partners, and special guests to experience the unique charm of top-level motorsport. During the event, Red Bull Racing driver Max Verstappen started from pole position and ultimately won the race, achieving Pole to Win, while invited guests witnessed this exciting moment and shared in the joy of victory.This VIP hospitality event combined race viewing, premium reception, and exclusive brand experiences, providing invited guests with F1 Paddock Club luxury box viewing and brand interaction experiences. The Gate brand logo appeared in several key locations, including the rear wing, front wing, driver helmets, and race suits of the Red Bull Racing cars, showcasing the depth of the collaboration between the two parties. Previously, Gate had invited Red Bull Racing drivers Max Verstappen and Isack Hadjar to participate in a driver meet-and-greet and exclusive handprint ceremony during the TOKEN2049 event in Singapore, and hosted VIP private events to further enrich the forms of collaboration.From the TOKEN2049 international industry event to the F1 Singapore Grand Prix, Gate deeply integrates global top-tier event resources with high-end customer experiences, deepening its strategic cooperation and global partnership with the Red Bull Racing Team, expanding brand international influence, and promoting the integration of Web3 with mainstream culture.

On October 9, the decentralized stablecoin USDD sponsored and attended the Cointelegraph CONNECT event held in Singapore. USDD's Head of Communication Yvonne Chia will participate in a thematic discussion alongside executives from projects such as ether.fi, Mercuryo, and FinHarbor. This discussion focuses on how stablecoins can truly enter daily consumption scenarios through payment infrastructures like cards and wallets.USDD is a multi-chain decentralized over-collateralized stablecoin, currently issued simultaneously on the TRON network, Ethereum Chain, and BNB Chain. Leveraging its seamless compatibility with major DeFi protocols and multi-chain layout advantages, USDD is committed to building a secure, transparent, and efficient decentralized stablecoin product, while continuously exploring the greater value of stablecoins in the real economy.

On October 9, with the full launch of the 2026 F1 Singapore Grand Prix, F1 Red Bull Racing's official sponsor and long-term partner Gate officially kicked off an exclusive hospitality event for VIP clients and invited guests. Dozens of VIP clients have arrived in Singapore, and many core partners are deeply involved on-site.The Gate brand logo appears on the car's rear wing, nose, headrest, wheel hub covers, chassis, team racing suits, and four-time champion Max Verstappen's helmet. Gate will create a deeper F1 event experience for invited guests, focusing on race viewing, VIP hospitality, and exclusive brand experiences.Previously, Gate collaborated with the Red Bull Racing team to conduct a series of events during TOKEN2049 in Singapore. On October 7, Max Verstappen and driver Isack Hadjar participated in an exclusive handprint commemorative ceremony and interacted with guests at the Gate Lounge; on October 8, team CEO and principal Laurent Mekies attended the invitation-only private event "RACING THE FUTURE Vol 3," sharing the team's tactical planning and event operation experiences. In the future, Gate will continue to leverage the F1 platform to deepen connections with the Red Bull Racing team and global partners.

WEEX Exchange announced that the platform will appear as a platinum sponsor at TOKEN2049 Singapore 2026 from October 7 to 8, marking WEEX's third consecutive year participating in this top industry event. At the event, WEEX showcased its AI Trading features and set up interactive experiences such as the Trading MBTI trading personality test; during the live broadcast segment, they connected with the Dubai team to introduce the Trading House plan aimed at traders and content creators. In addition, WEEX collaborated with the Pudgy Penguins community to launch TOKEN2049 limited co-branded merchandise and participated in hosting the "Inside the Igloo" community event.

From October 7 to 8, the decentralized stablecoin USDD participated in the TOKEN2049 Singapore conference, and its booth attracted a large number of attendees for interaction and communication. During the conference, USDD announced that it would reveal more important ecological partners and strategies.In addition, USDD's supply and TVL both reached new highs during the event, reaching $1.68 billion and $2.39 billion, respectively. TOKEN2049 is one of the largest events in the global cryptocurrency industry, bringing together top projects, platforms, and practitioners from around the world. This TOKEN2049 Singapore conference attracted 25,000 attendees from 160 countries.

On October 7th, Token2049 in Singapore is in full swing, and B.AI is engaging with attendees face-to-face at the Tron booth to discuss AI infrastructure and distribute exclusive limited merchandise.Users who cannot attend can also participate in the B.AI × Token2049 online challenge. Leave your favorite AI model and exclusive invitation link in the comments, and include #BAIinToken2049 for a chance to win one of 30 limited merchandise gift packs (including a Mid-Autumn Festival selection gift box). Online and offline interactions are happening simultaneously, and you are welcome to visit the booth or participate in the online activities.

According to The Business Times, Hong Qi Yu, the former CEO and founder of the collapsed cryptocurrency exchange Tokenize Xchange, and his ex-wife Erin Koo, have had nearly SGD 53 million in assets frozen under a court asset freeze order. This amount corresponds to the total claims made by 249 former customers in the lawsuit.The injunction prohibits the two from selling, disposing of, transferring, mortgaging, pledging, or otherwise diminishing the value of the related assets. The couple, both 36 years old, failed to lift the injunction during a hearing presided over by Judge Mohamed Faizal at the Singapore High Court on September 28, and the injunction remains in effect. Hong Qi Yu denies being the sole decision-maker and driving force behind AmazingTech, the operating entity behind Tokenize.

According to The Block, Standard Chartered Bank's Singapore branch plans to provide custody services for specific crypto assets, stablecoins, and tokenized real-world assets to institutional investors.The bank stated that this service will expand its existing crypto asset custody business, which currently covers the UAE, Luxembourg, and Hong Kong.

Hyperliquid Labs confirmed to the Financial Times that its registered headquarters is located in Singapore, but the Monetary Authority of Singapore (MAS) stated that due to Hyperliquid's decentralized nature, it does not consider the platform to fall under its regulatory jurisdiction. MAS indicated that it is not aware of Hyperliquid being regulated in any major jurisdiction.Hyperliquid stated that it is currently in an unregulated status, has never claimed to have obtained permission or authorization from MAS, and is willing to engage in constructive cooperation with regulatory authorities. According to FT, a team of about 11 people led by co-founder Jeff Yan has relocated to Singapore in 2024, and company documents along with recent recruitment information also indicate that it has an office in Singapore.Previously, on June 26, MAS had listed Hyperliquid on its investor warning list, which is used to alert the public about entities that may be mistakenly believed to be licensed or regulated by MAS. Hyperliquid responded at that time that being listed does not constitute a ban, enforcement action, or determination of misconduct, and described itself as an unlicensed infrastructure. Singapore will require local companies providing digital token services only to overseas clients to obtain a license starting from June 30, 2025, and MAS stated that such licenses will only be issued in very limited circumstances.

Trader Frogman confirmed on platform X that assets worth 4 million dollars were stolen. He also stated, "I'm not sure how it happened yet, but I'm currently in Singapore. Thanks to the teams and individuals helping with the investigation. I will share more information as much as I can."This morning's news reported that trader Frogman's wallet, containing approximately 4 million dollars in assets, was transferred and sold, exchanged for ETH, BNB, and SOL, and then dispersed using tools like Privacy Cash and Chainflip.The stolen assets involve 9 types of tokens, including 1.43 million BP, valued at approximately 1.77 million dollars; 13.96 million MarsCoin, valued at approximately 1.55 million dollars; and 3.7 million Cash Cat, valued at approximately 510 thousand dollars. The address of the stolen wallet has been flagged.