The price of Bitcoin has started appearing in search results on Douyin, China’s equivalent of TikTok. This could indicate that Beijing is becoming more friendly to crypto and easing its grip on the digital asset space.

The co-founders of the United States-based cryptocurrency exchange Gemini, Tyler and Cameron Winklevoss, reportedly made a $100 million personal loan into the trading platform after attempts to get funding from outside investors.

Decentralized exchange SushiSwap has recovered $186,000 worth of Ether a day after a hacker managed to drain $3.3 million from it by exploiting a bug that was introduced into the protocol.

Top stories in the Crypto Roundup today:

• Bitcoin Price Shows Up on China’s TikTok as Beijing Warms Up to Crypto
• Winklevoss Twins Inject $100 Million into Gemini
• SushiSwap Recovers $186,000 in ETH After $3.3 Million Hack

Bitcoin Price Shows Up on China’s TikTok as Beijing Warms Up to Crypto

The price of Bitcoin has started appearing in search results on Douyin, China’s equivalent of TikTok. This could indicate that Beijing is becoming more friendly to crypto and easing its grip on the digital asset space.

Douyin is the most popular short video-sharing app in China, with 700 million people using it every day. The app is showing the price of the cryptocurrency at a time in which Hong Kong started opening its door to crypto and China’s state-owned banks.

Hong Kong’s top financial regulators have expressed their support for the development of Web 3, which includes cryptocurrency platforms. Leung Fung-yee, the CEO of the Hong Kong Securities and Futures Commission (SFC), said at a recent questions and answers session.

Paul Chan, Hong Kong’s financial secretary, wrote in a blog post that they will balance proper regulation with promoting innovation. He said they will also focus on investor education and protection, and anti-money laundering. Hong Kong is hosting a Web 3 Festival this week with over 10,000 attendees and 300 speakers.

Winklevoss Twins Inject $100 Million into Gemini

The co-founders of the United States-based cryptocurrency exchange Gemini, Tyler and Cameron Winklevoss, reportedly made a $100 million personal loan into the trading platform after attempts to get funding from outside investors.

The loan comes as regulators look into Gemini’s activities. The U.S. Securities and Exchange Commission (SEC) charged Gemini and Genesis Global Capital with selling unregistered securities through the exchange’s Earn program in January. New York’s financial regulator also reportedly started investigating the exchange after some Gemini users said their Earn accounts had FDIC protection.

In response to these charges, Tyler Winklevoss accused the SEC of issuing a “manufactured parking ticket,” saying Gemini staff had been talking with the regulator for over a year before its enforcement action.

SushiSwap Recovers $186,000 in ETH After $3.3 Million Hack

Decentralized exchange SushiSwap has recovered $186,000 worth of Ether a day after a hacker managed to drain $3.3 million from it by exploiting a bug that was introduced days ago into the protocol.

Around 100 ETH were recovered by BlockSec after it intercepted a transaction from prominent SushiSwap user Sifu – the attack’s victim – to the wallet of the hacker. BlockSec detect malicious activity during the attack, and was able to rescue part of the funds.

SushiSwap’s “head chef” Jared Grey said on Sunday that the protocol is developing a plan to recover the stolen funds and compensate the affected users.

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