This week, creditors of the defunct Singapore-based hedge fund Three Arrows Capital (3AC), who are owed $3.3 billion, gained a significant boost from Sam Altman's Worldcoin (WLD) performance.

Worldcoin’s value surged by over 200%, a rise attributed to the debut of OpenAI’s Sora video tool, placing the worth of the WLD wallet managed by 3AC's liquidator, Teneo, above $700 million.

This development is part of the latest financial updates from East Asia, which also include stories about foreigners being compensated in cryptocurrency to spy on China and the news that USDC will stop supporting Tron.

These key points offer a glimpse into the dynamic and evolving cryptocurrency landscape within the region, highlighting significant events that could impact investors and stakeholders within the crypto community.