**News Flash: Singapore's Crypto Surge**

- Singapore is rapidly becoming a top destination for Web3 companies, doubling its crypto licenses in 2024 compared to the previous year.

- The Monetary Authority of Singapore issued 13 Major Payment Institution Licenses, signaling a robust commitment to digital finance.

- With 1,600 blockchain patents, 2,433 industry jobs, and 81 crypto exchanges, Singapore is leading the blockchain race, according to a study by ApeX Protocol.

- This proactive regulatory approach contrasts with Hong Kong's cautious stance, despite its recent approval of Bitcoin and Ether ETFs.