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 Diary Americas. Crypto’s next $200 billion valuation debate may already be taking […]
Historically, there has been little international demand for Russia’s ruble. But a stablecoin pegged to the country’s currency is having a moment – becoming a prominent fixture at conferences outside the Western sphere of influence. Although Russia is one of the world’s largest energy exporters, accounting for over 10% of global oil supply, most of
Most influential: Oleg Ogienko Read More »
CoreWeave ( CRWV ) has seen its share price fall more than 60% from its June high amid growing concerns that the AI infrastructure boom may have peaked. New details reported Tuesday by the Wall Street Journal highlight how fragile the expansion has become as operational delays collide with heavy leverage and tighter credit conditions.
CoreWeave collapse raises fears of cracks in AI infrastructure boom Read More »
American Bitcoin Corp (ABTC) acquired another 54 bitcoin during Monday’s sharp selloff, bringing its total stack to 5,098 coins worth just under $450 million based on BTC’s current price of $87,600. That puts the company, co-founded by Eric Trump, who serves as its chief strategy officer, in the top 20 of publicly traded bitcoin tax
ABTC brings the inventory to 5,098 coins Read More »
After an active morning, bitcoin BTC$87,659.93 remained largely flat in the $87,500 area in US afternoon trade, keeping gains around the 2% mark over the past 24 hours. Altcoins, including Ether ETH$2,946.48, XRP$1.8818 and solana SUN$128.39 showed similar upward action. Crypto-related stocks also saw gains after Monday’s plunge, including a 3% gain for Strategy (
What the 26% underperformance of the S&P 500 this quarter means for next year Read More »
Crypto wallet provider Exodus (EXOD) is entering the stablecoin market with the launch of a fully reserved, USD-backed stablecoin in partnership with fintech firm MoonPay. MoonPay will issue and manage stablecoin with the support of stablecoin infrastructure provider M0. The token is expected to go live in January 2026, with network and product details to
Exodus (EXOD) joins stablecoin race with MoonPay-backed digital dollar Read More »
As quantum computing researchers celebrate breakthrough after breakthrough, Web3’s $4 trillion asset base faces a ticking time bomb. Last December, Google announced that its quantum Willow chip performed a calculation in less than five minutes that would have taken an advanced supercomputer ten septillion years (about 100 trillion times longer than our universe is old).
Zero-Knowledge Tech is the Key to Quantum-Secure Bitcoin Read More »
The Republic of Marshall Islands (RMI) has completed the world’s first on-chain Universal Basic Income (UBI) payment using a digital native government bond, USDM1, via the Stellar blockchain. Developed in partnership with the Stellar Development Foundation (SDF) and infrastructure provider Crossmint, the multimillion-dollar initiative is part of RMI’s national UBI program, known locally as ENRA,
Bitcoins BTC$87,442.41 the derivatives market is flashing signals of stability in a broad range rather than a massive moonshot or violent crash. Activity in Deribit-listed options shows strong support around $85,000 from heavy put selling (writing) or traders offering insurance against price falling below this level. At the same time, some traders are offering protection
Bitcoin (BTC) derivatives point to a wide price range between $85,000-$100,000 Read More »
BNB extended gains over the past 24 hours, rising nearly 2.5% to trade at $872 amid a broader rally in the cryptocurrency market, with the CoinDesk 20 (CD20) index up 1.4% over the same period. The token outperformed most major cryptocurrencies during the session, holding above the $850 support level as volatility weighed on the
BNB outperforms crypto majors as volume increases and price tops $870 Read More »
