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. Will Sam Bankman-Fried, the former CEO of FTX, be […]
After CZ’s Pardon, Odds Increase for Sam Bankman-Fried’s Second Chance Read More »
Crypto market maker B2C2 has launched PENNY, a new platform that enables instant, fee-free trading between major stablecoins as institutional demand for frictionless liquidity tools increases, the company announced in a press release on Thursday. The launch comes as the stablecoin market expands beyond crypto-native trading to payments, banking and settlements use cases. PENNY currently
Crypto Market Maker B2C2 Launches PENNY to Enable Instant, Fee-Free Stablecoin Trading Read More »
Even as the price of gold retreats from an all-time high, stabilizing around $4,100 an ounce, tokens whose value is tied to the metal are gaining popularity in crypto markets. But not everyone subscribes to this idea. The total market capitalization of gold tokens reached $3.86 billion, driven by the strong performance of XAUT$4,143.76 and
Tokenized Gold Market Hits $3.9 Billion, CZ Calls It a “Trust Me Bro” Asset Read More »
Plasma XPL$0.3552a blockchain company building a stablecoin-focused network, has announced a major expansion into Europe to offer regulated payment services. The company announced on Thursday that it has acquired a licensed Virtual Asset Service Provider (VASP) entity in Italy, allowing it to legally manage crypto transactions and custody of assets in the region. As part
Plasma (XPL) expands its payment network to Europe with a license, Amsterdam office Read More »
A small but growing class of businesses is moving beyond holding Bitcoin as a static reserve. They integrate it into their capital strategy, using it to raise capital, obtain credit and generate returns. These Digital Asset Treasuries (DATs) are the first laboratories testing how a decentralized asset can function as productive capital within the architecture
Digital Asset Treasures: Bitcoin’s Institutional Test Case Read More »
As token buybacks gain popularity in crypto, Amir Hajian, head of research at market-making firm Keyrock, warns in a new report that every dollar spent on token buybacks is a dollar diverted from growth and innovation, highlighting the hidden opportunity cost behind demonstrating trust. Token buybacks involve blockchain projects repurchasing their own tokens on the
Crypto Buyback Boom Tests Sector’s Financial Maturity Read More »
Aave Labs, the company behind decentralized finance (DeFi) giant Aave, said it has acquired Stable Finance, a San Francisco-based startup that aims to simplify on-chain economies for everyday users. Terms of the deal were not disclosed. The move brings Stable founder Mario Baxter Cabrera and his team of engineers to Aave Labs, where they will
Digital asset infrastructure company Fireblocks has acquired Dynamic, a development platform used by companies including Kraken, Magic Eden and Ondo Finance, to accelerate enterprise adoption of blockchain applications. The deal creates what Fireblocks calls the first complete consumer custody stack, combining its security infrastructure with Dynamic’s wallet, authentication and user onboarding tools, according to an
Fireblocks Acquires Dynamic to Expand On-Chain Developer Stack Read More »
In today’s “Crypto for Advisors” newsletter, EY-Parthenon’s Parshant K. Kher details the results of his recent stablecoin survey, highlighting the sector’s optimism since the launch of the GENIUS Act. Next, in “Ask an Expert,” Kieran Mitha answers questions about what stablecoins are, use cases, and regulations. Thanks to our newsletter sponsor this week, Grayscale. For
Full speed ahead for Stablecoin adoption Read More »
Your keys, your coins. This is one of the fundamental promises of Bitcoin and other cryptocurrencies, which remove the middlemen who stand between you and your money. But this phrase also conveys a latent assumption that Web3 companies would do well to abandon: that any security problem is the owner’s problem, not theirs. This mindset
The crypto industry must evolve to address real security risks Read More »
