New research from @hkimrhk examines evolving trends driving the family office (FO) sector in Hong Kong, with a growing momentum in philanthropy, impact investing and risk management.

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On-chain data shows that supply buildup and capitulation by long-term holders continue, with supply pressure of $80,000 to $126,000 being the biggest obstacle to price increases.

With bullish momentum waning and volatility weakening, Bitcoin is locked in a range of $60,000 to $70,000.

The stolen Drift assets have been exchanged by the attackers for 129,000 ETH, worth 278 million.

Quick overview of the $285 million Drift theft: Hackers stole private keys and drained liquidity in 10 seconds.

Original article by Odaily Odaily(@OdailyChina)
Author｜Wenser (@wenser 2010)
With the conflict in the Middle East still raging, a security attack involving over $200 million has dealt another blow to the crypto community.
On April Fool's Day, April 1st, Drift Protocol, a leading derivatives protocol in the Solana ecosystem, played the most unfunny "joke" on everyone: just a week earlier, it had updated its multisignature functionality to require only 2/5 signatures and had no time lock; a week later, over $280 million worth of JLP...

April Fool's joke? Drift Protocol suffers $280 million theft, potentially becoming the second largest DeFi heist in the Solana ecosystem.

The report highlights opportunities to further strengthen Hong Kong’s family office ecosystem, including leveraging the GBA and advancing private social investments to deliver financial returns alongside positive impact.

Full Report: https://aof.org.hk/docs/default-source/hkimr/applied-research-report/forep.pdf…
#FamilyOffices #ImpactInvesting #Philanthropy