Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin’s drop below $90,000 looked like the start of a […]
BTC Market Stress Reveals New Crypto Order Read More »
HBAR plunged 5.9% on Monday as institutional selling overwhelmed the market and broke several support zones near the key $0.1500 level. The sharp decline accelerated at 15:00 GMT as volume surged 71% above average, triggering widespread stop-loss cascades and forcing momentum traders to liquidate positions quickly. Price action remained under strong bearish control for most
HBAR falls 6% to $0.144 as technical breakdown accelerates Read More »
Obex, a new crypto incubator, has raised $37 million to support building the next generation of dividend-generating stablecoins led by Framework Ventures, LayerZero and the Sky ecosystem, the team has told CoinDesk in an interview. The initiative aimed to invest and raise capital for projects that bring real-world asset-backed strategies onchain, bringing institutional-grade risk controls
Sky-backed Obex Raises $37M to Build ‘Y Combinator’ for Stablecoins Read More »
Revolut is partnering with Ethereum overlay system provider Polygon Labs to enable its UK and EEA customers to make crypto transfers in USDC, USDT and POL via the Polygon blockchain and the Revolut app. The European fintech giant, which serves over 65 million users across 38 countries, first started enabling stablecoin transfers over Polygon integration
Revolut recruits polygon for stablecoin transfers in the UK and EEA Read More »
Stellar drops from $0.2577 amid broad consolidation, but technical bounce from $0.248 signals buying interest remains intact.
XLM Falls 3.2% to $0.25 as Altcoin Purge Continues Read More »
Crypto exchange Kraken has raised $800 million in fresh funding, including $200 from investment from Citadel Securities, to accelerate its efforts to bring traditional financial markets onto blockchain infrastructure, the company said on Tuesday. The round was split over two tranches, with the lead led by institutional investors including Jane Street, DRW Venture Capital, HSG,
Kraken Scores $800M Raise Backed by $200M Citadel Securities Investment Read More »
Bitcoin’s steep selloff may have finally run its course, according to Geoffrey Kendrick, the head of digital asset analysis at Standard Chartered, who argues that the pullback is following a familiar pattern and is likely nearing exhaustion. Bitcoin BTC$93,222.90 dipped below $90,000 on Tuesday, extending a pullback that has erased nearly 30% from the currency’s
Sell-off likely ‘complete’, year-end rally in play, analyst says Read More »
Buenos Aires — Fintech giant Robinhood ( HOOD ) is laying the groundwork to push the traditional financial system into a permissionless ecosystem, according to the head of strategy at blockchain development company Offchain Labs. The brokerage app’s recently launched tokenized equity offering in Europe, which already includes nearly 800 listed securities and is set
OffChain Labs on Robinhood’s (HOOD) tokenization plans Read More »
The US Office of the Comptroller of the Currency issued new policy guidance detailing how national banks can maintain crypto assets to be used to pay blockchain network “gas fees.” In what is known as “Interpretative Letter No. 1186,” the agency said Tuesday that banks can keep digital assets on their balance sheets that they
US regulator OCC clarifies how banks can handle network ‘gas fees’ Read More »
US senators are in tight negotiations over the language to establish regulated crypto markets, and as they debate the details, Senator Elizabeth Warren is looking to continue to shed light on President Donald Trump’s personal crypto ties. The Massachusetts lawmaker, who is the ranking Democrat on the Senate Banking Committee and a frequent ally, Sen.
Late. Warren Keeps Pressure On Trump Crypto Bonds As Market Structure Is Negotiated Read More »
