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EToro (ETOR) Q3 Results, Best Estimates on Crypto Trading Strength, Says KBW

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EToro (ETOR) third-quarter profits beat expectations as stronger crypto trading activity improved results, investment bank KBW said. Net income increased 48% from a year earlier to $57 million, according to the company’s GAAP results. Adjusted Ebitda increased 43% to $78 million, largely due to increased net contribution and disciplined cost management, the company said Monday. […]

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Hong Kong FinTech Week belonged to Stablecoins, not CBDCs

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Hello, Asia. Here’s what’s making news on the markets: Welcome to Asia Morning Briefing, a daily summary of the top news stories during U.S. business hours and insight into market movements and analysis. For a detailed look at US markets, check out CoinDesk’s Crypto Daybook Americas. Six years after China’s eCNY debut, Hong Kong’s FinTech

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Bybit Reportedly in Talks to Buy Korbit, a South Korean Cryptocurrency Exchange: Report

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Cryptocurrency exchange giant Bybit is in talks to acquire Korbit, one of the oldest cryptocurrency exchanges in South Korea, according to media reports in the country. Bybit, the second largest cryptocurrency exchange, met with Korbit executives, Maeil Business reported, citing virtual asset industry sources. Korbit told the newspaper: “We cannot comment on ongoing matters.” “We

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BONK extends gains to $0.00001332 with 82% volume increase confirming breakout trend

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BONK gained 1.7% to $0.00001332 over the past 24 hours, extending its recent breakout move while testing higher resistance levels. The Solana-based meme token traded within a tight ascending channel after decisively breaching the $0.00001320 threshold, maintaining its bullish structure through moderate volatility, according to CoinDesk Research’s technical analysis data model. The volume provided strong

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Dogwifhat (WIF) jumped 5% to $0.497 before retreating as profit-taking emerged

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According to CoinDesk Research’s technical analysis data model, dogwifhat (WIF) staged a measured accumulation phase before explosive gains took memecoin to session highs near $0.497 during Tuesday’s trading. WIF spent most of the 24-hour period consolidating between $0.4754 and $0.4897 before breaking out dramatically overnight with institutional-level volume. The breakout materialized at midnight on November

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Senate committee drafts crypto bill to define CFTC’s role in monitoring markets

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The Senate Agriculture Committee released its crypto market structure bill Monday, bringing the body a necessary step closer to advancing its response to the House of Representatives’ clarity legislation to define how exactly the Commodity Futures Trading Commission can oversee trading in the spot market. The bill, which still includes brackets indicating sections where lawmakers

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BNY Sees Stablecoins and Tokenized Liquidity Reach $3.6 Billion by 2030

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Stablecoins and other forms of tokenized liquidity could reach $3.6 trillion by 2030, according to a new report released by financial services giant BNY. The financial services giant said Monday that stablecoins alone could reach $1.5 trillion in market capitalization by the end of the decade, with token deposits and money market funds contributing the

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US IRS Paves Way for Staking for Crypto ETFs to Earn Returns Without Tax Hassles

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A new safe harbor announced Monday by the U.S. Internal Revenue Service is seen as a major step toward allowing crypto exchange-traded products (ETPs) to share staking rewards with their investors. Under certain conditions, the new guidance allows trusts to “stake their digital assets into play without jeopardizing their tax status as investment trusts and

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Uniswap Proposes Radical “Unification” With Overhaul of UNI Burn and Protocol Fees

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Uniswap Labs and Uniswap Foundation, two of the main companies helping to drive the Uniswap protocol, are joining forces to propose a radical new governance proposal that would completely change the way the ecosystem currently operates. The proposal, called “UNIfication,” aims to align incentives across the Uniswap ecosystem and position the protocol as the default

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