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. Six years after China’s eCNY debut, Hong Kong’s FinTech Week […]
Hong Kong’s FinTech Week belonged to Stablecoins, not CBDCs Read More »
BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury (DAT) firm led by Wall Street strategist Thomas Lee, continued to buy ether ETH$3,627.83 through last week, added 110,288 tokens worth nearly $400 million at current prices to its treasury, the company said Monday. The purchases raised the company’s ETH holdings to over 3.5 million tokens,
BitMine (BMNR) Keeps Buying Ether (ETH) Read More »
Cryptocurrency exchange giant Bybit is in talks to acquire Korbit, one of the oldest crypto exchanges in South Korea, according to media reports in the country. Bybit, the second-largest crypto exchange, met with Korbit executives, Maeil Business reported, citing sources in the virtual asset industry. Korbit told the newspaper: “We cannot comment on ongoing cases.”
Bybit is said to be in talks to buy South Korean crypto exchange Korbit: Report Read More »
BONK rose 1.7% to $0.00001332 over the past 24 hours, extending its recent breakout move while testing higher resistance levels. The Solana-based meme token is trading in a tight upward channel after decisively breaking through the $0.00001320 threshold and maintaining its bullish structure through moderate volatility, according to CoinDesk Research’s technical analysis data model. Volume
BONK Extends Gains to $0.00001332 on 82% Volume Increase Confirming Breakout Pattern Read More »
According to CoinDesk Research’s technical analysis data model, dogwifhat (WIF) staged a measured accumulation phase before explosive gains took the memecoin to session highs near $0.497 during Tuesday trading. WIF spent most of the 24-hour period consolidating between $0.4754-$0.4897 before breaking out dramatically overnight on institutional-level volume. The outbreak took place on 10 November at
Dogwifhat (WIF) rose 5% to $0.497 before retreating as profit-taking emerged Read More »
The Senate Agriculture Committee released its draft crypto market structure legislation on Monday, bringing the body a necessary step closer to advancing its response to the House Clarity Act legislation to define how exactly the Commodity Futures Trading Commission can monitor spot market trading. The bill, which still includes parentheses denoting sections where lawmakers have
Senate committee drafts crypto bill to define CFTC’s role in overseeing markets Read More »
Stablecoins and other forms of tokenized cash could grow to $3.6 trillion by 2030, according to a new report released by financial giant BNY. The financial giant said on Monday that stablecoins alone could reach $1.5 trillion in market capitalization by the end of the decade, with tokenized deposits and money market funds contributing the
BNY sees Stablecoins, tokenized cash at $3.6T by 2030 Read More »
A new safe harbor announced by the US Internal Revenue Service on Monday is seen as a major step towards allowing crypto exchange-traded products (ETPs) to share stake rewards with their investors. Under certain conditions, the new guidance allows trusts to “invest their digital assets without jeopardizing their tax status as mutual funds and endowment
US IRS opens investment avenue for crypto ETFs to get dividends without tax headaches Read More »
Despite a shaky start to the day, cryptos held on to most of their overnight gains as optimism surrounding a possible government shutdown resolution helped stabilize risk sentiment. After significant gains late into the weekend, bitcoin BTC$105,655.63 fell 1.5% around the time the US stock market opened, but returned to trade near $106,000 by late
Holds over $105K; XRP Leads on ETF Optimism, ZCASH, XMR Cool Off Read More »
Uniswap Labs and the Uniswap Foundation, two of the main firms that help govern the Uniswap protocol, are teaming up to propose a new comprehensive governance proposal that will completely change the way the ecosystem works today. The proposal, called “UNIfication,” aims to align incentives across the Uniswap ecosystem and position the protocol as the
Uniswap proposes sweeping ‘UNIfication’ with UNI burning and protocol fee overhaul Read More »
