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Structural demand anchors Bitcoin after record $20 billion selloff

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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. Crypto’s largest-ever leverage wipeout has left traders cautious but […]

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Bitcoin holds $111,000 as derivatives market gives mixed signals

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Bitcoin is trading at $111,000 on Tuesday as it clings to the critical support level of $110,000. The world’s largest cryptocurrency has struggled to recover from a weekend selloff that saw it fall from $121,000 to $110,000, wiping out $500 billion in terms of the crypto’s overall market capitalization. Altcoins have performed even worse recently;

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BlackRock (BLK) CEO Larry Fink Eyes Bigger Role, Projects Substantial Growth

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BlackRock (BLK), the asset management giant that oversees more than $13 trillion in assets, is ramping up its efforts to bring traditional finance (TradiFi) on-chain, seeking to play a larger role in tokenization as a way to unlock access to markets and streamline the way assets are traded. The company’s teams are exploring how to

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DWS sees stablecoins becoming core payment infrastructure

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Stablecoins are rapidly moving from niche products to core payment infrastructure, according to asset management giant DWS. With a combined market capitalization exceeding $250 billion and trading volumes surpassing Visa (V) and Mastercard (MA), they have become liquid, globally traded assets favored by institutions, DWS said in last week’s report. Euro stablecoins set new benchmarks

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XLM suffers massive sell-off following sharp rise in volumes

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Stellar’s The selling intensified after the token broke key support at $0.34 in early trading on October 14, triggering a strong sell-off and pushing prices to a new local low of $0.32. The sharp decline showed clear signs of capitulation, with high volume selling hinting at potential oversold conditions. XLM briefly rebounded in the last

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Pick up on Powell’s remark; K33 sees constructive setup after crash

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Crypto markets posted sharp declines on Tuesday, but signs of relief from the Federal Reserve helped prices rebound from their worst levels. A recent post by President Trump on Truth Social reminded bulls that he has the power to reverse rising asset prices at any time. Bitcoin BTC$112,218.68 was trading as low as $109,800 early

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Celsius taper gets $300 million from Tether, say GXD Labs and VanEck

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The liquidation of defunct crypto lender Celsius netted Tether nearly $300 million, according to a statement released Tuesday by an entity created by GXD Labs and VanEck, the Blockchain Recovery Investment Consortium. GXD Labs, an affiliate of Atlas Grove Partners, and asset manager VanEck created BRIC to “maximize recoveries during complex digital asset bankruptcies like

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