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BNB falls 2.7% as traders focus on technicals during the crypto market downgrade

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BNB’s price fell 2.7% in the last 24-hour period to $1,105 following the rally that started after BNB Chain’s biggest quarterly token burn to date in US dollar terms petered out. The decline undercuts hopes that the $1.6 billion reduction in supply will further support the price. BNB Chain burned 1.44 million BNB as part […]

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What is the real use of a Yen Stablecoin? An On-Chain Carry Trade

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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. The Korean won and the Taiwanese dollar cannot really leave

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Investors flock to MegaETH’s $450M token sale as Ethereum founder-backed project smashes goals

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Ethereum layer-2 project MegaETH has pulled in $450 million in a token sale that drew nearly nine times its fundraising goal within hours of going live. Blockchain analytics firm Arkham revealed that 819 wallets committed the maximum amount and sent $186,000 worth of USDT to MegaETH’s selling address, bringing the total number of investors to

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Investment Bank Says Visa (V) Is Becoming ‘Stablecoins’

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Japanese investment bank Mizuho called Visa ( V ) the “stablecoin of stablecoins,” arguing that the payments giant has become a core part of the global stablecoin infrastructure. Visa’s expanding network of stablecoin-linked card programs, now over 130 in more than 40 countries, with spend up to four times year-over-year, gives it a central role

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Analysts expect strong 3rd quarter for Coinbase (COIN), but are very divided on the future

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Coinbase ( COIN ) is set to report third-quarter earnings Thursday after the market close, and Wall Street is largely expecting a hit to revenue. According to FactSet, analysts estimate the crypto exchange will deliver earnings per share (EPS) of $1.14 — a quadrupling of $0.28 from Q3 last year — and revenue of $1.8

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Consensys plans public debut, enlists JPMorgan and Goldman Sachs to lead IPO: Axios

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Consensys, the blockchain software company behind the MetaMask wallet, plans to go public and has tapped JPMorgan Chase and Goldman Sachs as lead underwriters for its initial public offering, Axios reported Wednesday. The listing will mark one of the most significant public debuts yet by a company building Ethereum’s infrastructure ETH$3,944.91the world’s second largest blockchain.

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Bounces 4% as FOMC Volatility Drives Crypto Market

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Chainlink’s native token LINK CONNECTION$18.50 turned to $18.40 during the Wednesday session, reversing losses from a sharp intraday sell-off that saw the price fall below the key $18 support level. A sudden spike in volume of 4.59 million tokens – 178% above the 24-hour average – confirmed the breakdown as sellers overwhelmed short-term support levels.

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Mastercard (M) in Talks to Acquire Crypto Startup Zero Hash: Report

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Mastercard ( MA ) is reportedly looking to acquire blockchain infrastructure startup Zero Hash as competition for stablecoin payments heats up. The global payment and card provider is in late-stage negotiations and may pay $1.5-2 billion for the crypto firm, Fortune reported Wednesday, citing sources familiar with the matter. It comes as Mastercard may lose

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Stellar Edges 1.5% Higher Breaking $0.32 Amid Institutional Accumulation

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Stellar Lumens (XLM) gained 1.53% over the past 24 hours, rising from $0.3168 to $0.3177 as trading volume jumped 134% above its 30-day moving average. The controlled price action amid high volume points to institutional accumulation rather than retail-driven momentum. XLM slightly outperformed the broader crypto market by 1.23%, consolidating between $0.315 and $0.325 after

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