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. Bitcoin’s fall below $90,000 looks like the start of […]
BTC Market Stress Reveals New Crypto Order Read More »
HBAR plunged 5.9% on Monday as institutional selling overwhelmed the market, breaking several support zones near the key $0.1500 level. The sharp decline accelerated at 1500 GMT when volume surged 71% above average, triggering large stop-loss cascades and forcing momentum traders to quickly unwind their positions. Price action remained under bearish control for most of
HBAR falls 6% to $0.144 as technical outage accelerates Read More »
Obex, a new cryptocurrency incubator, has raised $37 million to support building the next generation of yield-generating stablecoins led by Framework Ventures, LayerZero and the Sky ecosystem, the team told CoinDesk in an interview. The initiative aimed to invest and provide capital in projects that bring real-world, asset-backed strategies online, bringing institutional-grade risk controls and
Sky-backed Obex raises $37 million to create a “Y Combinator” for stablecoins Read More »
Revolut is working with Ethereum overlay provider Polygon Labs to enable its customers in the UK and EEA to make crypto fund transfers in USDC, USDT and POL, via the Polygon blockchain and the Revolut app. The European fintech giant, which serves more than 65 million users across 38 countries, began enabling stablecoin transfers through
Revolut taps Polygon for stablecoin transfers in the UK and EEA Read More »
Stellar falls from $0.2577 amid broad consolidation, but the technical rebound from $0.248 indicates that buying interest remains intact.
XLM slides 3.2% to $0.25 as Altcoin purge continues Read More »
Crypto exchange Kraken has raised $800 million in new funding, including $200 from an investment from Citadel Securities, to accelerate its efforts to bring traditional financial markets to blockchain infrastructure, the company announced Tuesday. The round was divided into two tranches, with the main one led by institutional investors including Jane Street, DRW Venture Capital,
Kraken gets $800 million raise backed by $200 million investment in Citadel Securities Read More »
Buenos Aires — Fintech giant Robinhood (HOOD) is laying the groundwork to push the traditional financial system into a permissionless ecosystem, according to the head of strategy at blockchain development company Offchain Labs. The brokerage app’s recently launched tokenized stock offering in Europe, which already includes nearly 800 publicly traded securities and is expected to
OffChain Labs on Robinhood (HOOD) tokenization plans Read More »
The U.S. Office of the Comptroller of the Currency has issued new policy guidance that explains how domestic banks can hold crypto assets for use in paying blockchain network “gas fees.” In what’s known as “Interpretative Letter No. 1186,” the agency said Tuesday that banks can keep digital assets on their balance sheets that they
US regulator OCC clarifies how banks can manage network ‘gas fees’ Read More »
U.S. senators are in close negotiations over the language needed to create regulated crypto markets, and while they debate the details, Sen. Elizabeth Warren is looking to continue shedding light on President Donald Trump’s personal crypto ties. The Massachusetts lawmaker, who is the ranking Democrat on the Senate Banking Committee and a frequent ally, Sen.
Sen. Warren Keeps Pressure on Trump Crypto Ties as Market Structure Bill Negotiated Read More »
Bitcoin has fallen into backwardation, a structure that occurs when futures contracts trade below the spot price and is typically associated with stress, “extreme fear,” or heavy hedging activity. This change comes as bitcoin has fallen 30% from its all-time high. According to an article As Young notes, “backsliding doesn’t happen often, and when it
Bitcoin (BTC) price prediction: sign of decline? Read More »
