WAO ART

Singapore's largest bank DBS allegedly holds $647 million worth of ETH. On-chain analytics firm Nansen identified a blockchain address associated with DBS holding 173,753 ETH. Nansen's analysis suggests the address has generated over $200 million in profits from Ether investments.

Terraform Labs and its founder Do Kwon have reached a preliminary settlement with the SEC regarding accusations of misleading investors about TerraUSD. The terms of the settlement are not yet clear, but a jury previously found Kwon and Terraform Labs liable on civil fraud charges.

Ripple CEO Brad Garlinghouse predicts the approval of ETFs for XRP, Solana, and Cardano at Consensus 2024. Garlinghouse expresses confidence in the imminent arrival of ETFs for these cryptocurrencies. He acknowledges the regulatory challenges but believes they will be overcome.

Two major Russian companies are using USDT and other cryptocurrencies to settle cross-border transactions in China. Sanctions imposed on Russia have made it difficult for commodities firms to receive payments. Executives from top commodities trading firms revealed the use of USDT in transactions.

Slovakia and Peru have signed NASA's Artemis Accords on safe space exploration. The accords aim to ensure the safe and sustainable exploration of space. Both countries signed the accords at NASA's Washington headquarters in separate ceremonies. Peru was the first to sign, followed by Slovakia.

The Coca-Cola system in Kenya plans to invest up to $175 million over the next five years. The investment is contingent on the business achieving its growth targets in the country. The CEO of Coca-Cola Beverages Africa announced the intention to strengthen the company's legacy in Kenya.

Rio Tinto has secured renewable power supply for its New Zealand smelter. The 20-year contracts were signed with Meridian Energy, Contact Energy, and Mercury NZ. The contracts will provide 572 MW of electricity to meet the smelter's entire demand.