Business

OpenAI eyes massive $1 trillion IPO as early as 2026: Reuters

Artificial intelligence (AI) giant OpenAI is targeting an initial public offering (IPO) that could value the company as much as $1 trillion, Reuters reported on Wednesday. The IPO could come as early as the second half of 2026, the report said, citing three people familiar with the matter. OpenAI Chief Financial Officer Sarah Friar has […]

OpenAI eyes massive $1 trillion IPO as early as 2026: Reuters Read More »

Bitcoin trades at $109,000 as US ETF demand fades and Powell’s hawkish tone hits risk assets

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 is trading around $109,000 as Hong Kong begins

Bitcoin trades at $109,000 as US ETF demand fades and Powell’s hawkish tone hits risk assets Read More »

Ethereum Developers Lock Fusaka Upgrade for December 3 with PeerDAS Rollout

Ethereum developers have officially signed off on the long-awaited Fusaka upgrade for December 3, following a decision made during the network’s bi-weekly coordination call on Thursday. The move starts the countdown to the second Ethereum hard fork of 2025. The main feature of the Fusaka upgrade is PeerDAS, one of 12 improvements included in the

Ethereum Developers Lock Fusaka Upgrade for December 3 with PeerDAS Rollout Read More »

Altcoin Daily Says Bitcoin Could Fall to $103,000, Godbole Sees First Support at $97,000

On October 30 (UTC), analysts pointed to long-term trend tests, crowd fear, and an early support zone, while CoinDesk Research’s technical analysis data model showed more intense trading and a narrow range near support. Analyst comments Altcoin Daily pointed out that it is common in bull markets for Bitcoin to retest the 50-week moving average,

Altcoin Daily Says Bitcoin Could Fall to $103,000, Godbole Sees First Support at $97,000 Read More »

Ethereum (ETH) Price Under Pressure From Macroeconomic Headwinds Despite “Fuska” Upgrade Announcement

Ether slipped, then rebounded late as activity resumed and the trading range tightened, leaving nearby checkpoints in focus. ContextStocks fell as the S&P 500 closed down 0.99% at 6,822.34 and the Nasdaq Composite lost 1.57% to 23,581.14. The VIX stood at 17.22, up 1.77% on the day. The macroeconomic tone also remained cautious after Fed

Ethereum (ETH) Price Under Pressure From Macroeconomic Headwinds Despite “Fuska” Upgrade Announcement Read More »

8% Drop on Crypto Weakness Despite RWA DeFi Momentum

Aave AAVE$212.78the decentralized lender’s governance token, saw sharp declines through Thursday, falling 8% to $208. Since Monday’s high of $248, the token has lost over 16%. DeFi token bluechip carved out consecutive lower highs and lower lows, establishing clear bearish momentum as its peers advanced, CoinDesk Research’s market analysis tool showed. Trading activity jumped 40%

8% Drop on Crypto Weakness Despite RWA DeFi Momentum Read More »

Coinbase (COIN) exceeds expectations as trading revenue hits $1 billion

Coinbase (COIN) reported a stronger-than-expected third quarter, driven by a surge in trading activity, a rebound in asset prices and continued growth in its subscription and services businesses. The US-based exchange reported total revenue of $1.9 billion, up 58% from $1.2 billion in the same period last year. Shares rose 3% in aftermarket trading. Transaction

Coinbase (COIN) exceeds expectations as trading revenue hits $1 billion Read More »

Scroll to Top