Dec 22: Asia's Crypto Surge: Cambodia's Digital Drive, Korean Trading Peaks, and Solana's Token Tales

This week in the Asian cryptocurrency and digital currency landscape, Cambodia is marking a significant milestone with over 10 million accounts registered for its Bakong digital currency, illustrating a growing acceptance of digital finance. Concurrently, an underground crypto economy thrives in Cambodia, with Tether increasingly becoming the coin of choice for Chinese-linked activities. Legal actions intensify as Three Arrows Capital's co-founders face a freeze on over $1 billion in assets by a court order. South Korean crypto exchanges report their highest yearly volume in early December, spurred by aggressive trading promotions.

In a surprising twist, meme coin popularity catapults Solana's decentralized exchange volume over Ethereum's for the first time. Solana continues to make headlines with airdrops of tokens and NFTs to Saga phone users. Finally, Midjourney's V6 base model upgrade is enhancing text generation, signaling broader implications for AI and tech industries.

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News Links 👇

https://asia.nikkei.com/Business/Technology/Cambodia-chalks-up-10m-Bakong-digital-currency-accounts

https://www.scmp.com/week-asia/economics/article/3245224/cambodias-underground-crypto-economy-tether-becomes-coin-choice-chinese-linked-activities

https://www.bloomberg.com/news/articles/2023-12-21/three-arrows-co-founders-1-billion-in-assets-frozen-by-court

https://www.bitcoinsensus.com/korean-crypto-exchanges-reach-highest-yearly-volume-in-early-december-due-to-trading-promos/

https://decrypt.co/210597/meme-coin-mania-helps-push-solana-dex-volume-over-ethereum-first-time

https://decrypt.co/210634/solana-saga-airdrops-tokens-nfts-you-can-claim

https://decrypt.co/210637/midjourney-v6-base-model-upgrade-text-generation

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