Bhutan is expanding its national blockchain strategy with a gold-backed digital token issued by Gelephu Mindfulness City and supported by the Kingdom’s sovereign framework. The TER token is designed to act as a new bridge between traditional stores of value and blockchain-based finance, according to an email announcement Thursday. Tokens are issued on Solana, where […]
Bhutan Debuts Sovereign Gold-Backed TER Token Read More »
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. Bitcoin held its ground as Hong Kong began its trading
Fed Cut brings some volatility as Bitcoin awaits Japan Read More »
Surf, an AI research and intelligence platform focused on digital assets, has raised $15 million in a funding round led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group (DCG), the company said in a press release on Wednesday. The San Francisco-based startup said the funds will go toward building Surf 2.0,
Surf Raises $15M to build AI model tailored for crypto research Read More »
The US Federal Reserve delivered a widely expected 25 basis point rate cut on Wednesday, narrowing the range on its benchmark interest rate by 25 basis points to 3.50% to 3.75%. This marks the third consecutive quarterly point reduction and brings short-term borrowing costs to the lowest level since 2022. “Uncertainty about the economic outlook
US Fed Cuts Benchmark Fed Fund Rate Range to 3.50%-3.75% Read More »
Consumer advocates and financial reform groups are lining up with some labor unions in opposition to Senate legislation that would impose regulations on US crypto markets, arguing that the current versions leave crypto consumers vulnerable to fraud. “The legislative initiatives considered in the Senate so far have largely failed to address the problem widespread harm
Consumer groups join unions trying to derail US crypto market structure bill Read More »
The team behind crypto payment app Valora is joining Stripe as the payments giant increasingly expands into blockchain technology and stablecoins, Valora founder Jackie Bona said in a Wednesday blog post. “We’ve seen firsthand how access to stablecoins and crypto rails can expand economic opportunity,” Bona said. “In the last few months, it became clear
Stripe Acqui-Hires Crypto Payments Startup Valora, Moves Further Into Stablecoins Read More »
State Street and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026 that uses stablecoins for 24/7 investor flows, expanding the use of public blockchains in institutional cash management, the companies announced Wednesday. The State Street Galaxy Onchain Liquidity Sweep Fund, or SWEEP, will accept subscriptions and redemptions in PYUSD, a
State Street and Galaxy Launch Tokenized Liquidity Fund on Solana (SOL) in 2026 Read More »
The Commodity Futures Trading Commission has announced the initial names as it stands up, its CEO Innovation Council, intended to delve into the development of derivatives market structures, particularly around tokenization, crypto and blockchain technology. Prominent CEO names in the crypto sector such as Gemini’s Tyler Winklevoss, Kraken’s Arjun Sethi and Polymarket’s Shayne Coplan will
Crypto CEOs Join the US CFTC’s Innovation Council to steer market development Read More »
President Donald Trump’s push against U.S. debanking of controversial industries such as digital assets has led to a new report from the Office of the Controller of the Currency further confirming past practices and warning of potential punishment for the banks allegedly involved. The OCC is instructing banks to heed President Donald Trump’s executive order
US banking regulator warns Wall Street about ‘debanking’, claims practice ‘illegal’ Read More »
Bitcoin BTC$92,594.49 surged above $94,000 and then retreated quickly as Fed Chairman Jerome Powell sounded both dovish and hawkish after the central bank delivered a 25 basis point rate cut on Wednesday. BTC hovered around $92,000 for most of the day and rose to $94,400 as Powell – at his post-meeting press conference – underlined
Crypto Prices Fluctuate on Fed’s Powell, Treasury Purchase Read More »
