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. Zcash ZEC$657.99 has been one of the strongest performers of […]
Why is ZEC rising? This metric can explain it Read More »
Fidelity Digital Assets said Ethereum blockchain’s Fusaka upgrade marks a decisive shift towards a more strategically aligned and financially coherent roadmap. Fusaka, a mix of the names Fulu and Osaka, includes two simultaneous changes to Ethereum’s consensus and execution layers and is expected to happen in December. For years, Ethereum’s development path has been shaped
Continuing recent patterns, even the most modest crypto gains were met with waves of selling on Thursday that sent bitcoin BTC$86,865.54 back to $88,000 after a rally above $93,000 just hours earlier. The rally had begun Wednesday evening in the US after Nvidia ( NVDA ) calmed jittery markets with an earnings beat and rosy
Drops to $88K, Bounce Clears After Nvidia Earnings Read More »
In the summer of 2020, Michael Saylor—then CEO of what was then called MicroStrategy (MSTR)—made a decision that would change the financial strategy of his publicly traded company and roil corporate boardrooms for years to come. Originally created as a business intelligence software company, the company now known as Strategy had over $500 million in
How a bet sparked a company change Read More »
Dozens of crypto groups asked President Donald Trump to help them with the policy initiatives his administration may push through as Congress continues to negotiate the next steps in the market structure legislation that has been the sector’s Washington priority. The letter, led by the newly established Solana Policy Institute and signed by others including
Crypto lobbyists beat Trump to get things done amid congressional uncertainty Read More »
Investment bank Jefferies said the recent rise in gold prices cannot be explained by traditional drivers alone, pointing instead to Tether as a major new buyer. Attestation data and on-chain activity show the stablecoin issuer has accumulated significant bullion in recent months, tightening supply and contributing to the sharp rally, the bank said in Thursday’s
Tether’s gold holdings rise to 116 tons, rivaling small central banks Read More »
Bitcoin’s recent selloff is driven by mid-cycle holders rather than long-term whales, according to VanEck’s “Mid-November 2025 Bitcoin ChainCheck” report. The asset management firm said wallets whose coins last moved within the past five years account for most of the recent sales, while the oldest vintages have remained “remarkably stable” despite weakening sentiment. VanEck also
VanEck says mid-cycle holders are trending downward, while whales remain stable Read More »
Kalshi, a regulated prediction market platform, has closed a $1 billion funding round, valuing the company at $11 billion, according to TechCrunch. The round was led by returning investors Sequoia Capital and CapitalG, with participation from Andreessen Horowitz, Paradigm, Anthos Capital and Neo. The new valuation brings Kalshi closer to the $12 billion to $15
Kalshi Raises $1B. Report TechCrunch Read More »
ICP$5.0298 continued to struggle with overhead pressure during its most recent 24-hour trading window, trading near $4.80 after falling below the $4.95 support level. The token moved within a $0.48 intraday range, reflecting 9.6% volatility, as repeated attempts to regain higher levels stalled, according to CoinDesk Research’s technical analysis data model. A major turning point
ICP slips as volume spike confirms breakdown below key support Read More »
Just one day after Mike Selig’s confirmation hearing to become President Donald Trump’s next chairman of the US Commodity Futures Trading Commission, the Senate Agriculture Committee advanced his name for a final vote in the full Senate, moving him that much closer to being a major regulator of the crypto industry. Nominee Selig, a senior
Trump’s CFTC pick, Mike Selig, clears hurdle on confirmation vote Read More »
