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BTC’s thin-liquid hopping raises questions about residence force

Good morning, Asia. Here’s what makes news in the markets: Welcome to Asia Morning Briefing, a daily overview of top stories during the US HOURS and an overview of market movements and analysis. For a detailed overview of US markets, see Coindesk’s Crypto Doybook Americas. Bitcoin staged a sharp improvement over the past week and

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S&P assigns first credit rating ever to a defi-protocol with B- For Sky

S&P Global Ratings assigned a b- (Steady Outlook) Issuing credit rating to Sky Protocol, the decentralized lending platform previously known as Maker Protocol, in a first to the decentralized funding (Defi) industry. The Ethereum-based protocol issues USDS StableCOin, which was created when borrowers items approved security. With a market capital of $ 7.1 billion trails

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MEMECOIN has key support after withdrawal from August High

Bonk started the week with a fleeting note, with the Solana-based Memecoin climbing up to an August height of $ 0.00002841 before slipping 8%. Advance marked one of its strongest levels in recent weeks and was met with rapid institutional trade that deleted much of the early gains, according to Coindesk Research’s technical analysis data

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Paxos joins Circle, Ripple Applies for Federal Bank License

StableCOin Issuerfirma Paxos has applied for a charter to the National Bank Trust with the Office of Comptroller of the Controller for the Currency (OCC)Which makes it the latest US StableCOin company seeking federal legislative supervision. According to a press release on Monday, Paxos aims to convert his New York Department of Financial Services (Nydfs)

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Solana Memecoin Bonk gets a $ 25 million. Corporate Treasury Boost

Nasdaq-Listed Security Shot (SHOT) has taken a 10% revenue share in Bonk.Fun, among the largest Memecoin launch pads on Solana. As part of an agreement, security shots will receive $ 25 million worth of Bonk (Bonk) for its treasury, which adjusts the public company directly with the platform’s growth. Bonk.Fun generated over $ 35 million

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Sui Price falls 4%as powerful sales and long liquidation hit the market

SUIS (SUI) price fell 4% over the past 24 hours after experiencing significant market volatility overnight, Coindesk Analytics shows. Token’s price swung $ 0.28 or approx. 7%between session heights of $ 3.98 and low level of $ 3.69. The digital asset initially demonstrated strength and went from $ 3.88 to $ 3.98 with institutional volume

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