Business – Page 257

The next breakout will come from infrastructure, not narratives, Hashed says

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. Hashed says the crypto market is finally shifting from storytelling […]

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Blockdaemon, VerifiedX Plans to Bring Institutional-Grade DeFi to Mass Market Users

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Crypto infrastructure provider Blockdaemon and Bitcoin sidechain VerifiedX said they are teaming up to make day-to-day crypto use simpler for non-technical users. The move, which includes earning dividends to send money overseas, will see the same escrow and blockchain infrastructure that Blockdaemon provides to banks and asset managers integrated into VerifiedX’s two consumer apps: the

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What advisors should know as the market matures

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In today’s “Crypto for Advisors” newsletter, Gregory Mall of Lionsoul Global breaks down the crypto yield, highlighting its maturity along with its role in a portfolio. We look at why dividends may ultimately become crypto’s most durable bridge to mainstream portfolios. Then, in “Ask an Expert,” Kevin Tam highlights key investments from recent 13F filings,

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ICP Inches higher as cross-chain themes attract market interest

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ICP$3.7866 rose 1.1% in the past 24 hours with volatility dominating price movements. The token traded within a 5.5% intraday range, moving between repeated support tests and brief rallies that failed to overcome near-term resistance. according to CoinDesk Research’s technical analysis data model. A volume expansion defined early trading. ICP saw 1.96 million tokens change

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BONK Inches higher in tight trading range as volume spikes at resistance

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BONK rose 1.1% over the past 24 hours to $0.00000988, trading within a narrow band as the Solana-based meme token continued its consolidation phase. Price action respected well-defined technical boundaries, with the session oscillating between firm support near $0.00000980 and repeated resistance tests around $0.00001020, according to CoinDesk Research’s technical analysis data model. Activity briefly

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Meta plans 30% cut to Metaverse budget in 2026 as reality bites: Bloomberg

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Meta (META) may be retreating even further from the metaverse it once staked its future on. Executives are discussing budget cuts of up to 30% in the company’s metaverse division by 2026, according to a Bloomberg report citing people familiar with the talks. The device includes Horizon Worlds, Meta’s social virtual reality (VR) platform, and

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Ex-Signature Bank Execs Launch Blockchain Powered N3XT Bank Backed by Paradigm, Winklevoss

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A group of former executives of Signature Bank, the crypto-friendly bank that closed in March 2023, announced on Thursday the launch of a new blockchain-powered, full-reserve bank that aims to offer programmable payments in US dollars. Dubbed N3XT, the bank operates under a Wyoming Special Purpose Depository Institution (SPDI) charter, settles payments instantly using a

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XRP, HBAR, ZEC Lead Thursday’s decline, but alts could be ready to rally

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Bitcoin BTC$92,253.06 reversed its overnight gain to $94,000, falling back to $92,000 during US hours on Thursday, continuing choppy rangebound action after the wild first moves lower than higher earlier in the week. Ethereum’s Ether ETH$3,194.78 held up relatively well, down just 0.7% on the day and changing hands above $3,100 in the afternoon hours.

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Wall Street Heavyweights Back Builder of Canton, a Network Supporting $6T Onchain Assets

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Digital Asset, the blockchain firm behind Canton Network (CC), said Thursday it has secured strategic investments from four major traditional financial players as Wall Street’s crypto embrace continues. The investors in this round were BNY, a financial services firm that oversees $57 trillion in client assets, exchange operator Nasdaq, financial intelligence firm S&P Global and

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Christopher Harborne donates $12 million to Nigel Farage-led Reform Party

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A cryptocurrency investor has made a 9 million pound ($12 million) donation to the British political party Reform, according to a filing with the Electoral Commission on Thursday. The donation by Christopher Harborne, a Thailand-based entrepreneur who has invested in stablecoin issuer Tether and crypto exchange Bitfinex, has been described by various outlets as the

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