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China Renaissance’s BNB Treasury Highlights Shift in Asia’s Crypto Playbook

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. China Renaissance’s reported plan to raise $600 million for […]

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Citi eyes crypto custody system launch in 2026 after years of quiet development: CNBC

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Citi (C) plans to offer cryptocurrency custody services in 2026, allowing the bank to hold native digital assets like bitcoin and ether on behalf of its clients, according to a CNBC report. This decision marks a new step for the Wall Street bank in the field of digital assets. Biswarup Chatterjee, global head of partnerships

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Bitcoin (BTC) Miners BITF, CIFR, IREN, MARA Lead Crypto Stocks Rebound on OpenAI Deal

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Cryptocurrency mining stocks tied to the red-hot artificial intelligence (AI) data center trade were the fastest horses Monday to recover from Friday’s market rout. Bitfarms (BITF) and Cipher Mining (CIFR) jumped 26% and 20%, respectively, on Monday, while Bitdeer (BTDR), IREN (IREN) and MARA Holdings (MARA) rose about 10%. The rally reflects optimism that growing

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Bitcoin and Altcoins Recover After $500 Billion Crash

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The crypto market saw a recovery on Monday following the weekend’s $500 billion bloodbath that led to a $10 billion drop in open interest. Bitcoin BTC$114,431.52 rose 1.4% while ether ETH$4,128.64 outperformed with a gain of 2.5%. SNX$2.4621meanwhile, stole the show with a 120% rally, as traders anticipate “perpetual wars” between the decentralized trading platform

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HBAR breaks key resistance after explosive decline

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HBAR (Hedera Hashgraph) saw pronounced volatility during the last hour of trading on October 13, rising from $0.187 to a high of $0.191 – an intraday gain of 2.14% – before consolidating around $0.190. The move was driven by a dramatic increase in trading activity, with a remarkable 15.65 million tokens traded as of 1:31

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Strategy (MSTR) Misses BTC Drop, Bought Tokens at $123,000

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Strategy (MSTR), the world’s largest Bitcoin-owning company BTC$114,638.00appeared not to have taken advantage of last week’s market rout to buy the price decline. According to Monday’s press release, the company purchased 220 BTC at an average price of $123,561. The company used the proceeds from the sale of its various preferred shares (STRF, STRK, STRD),

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XLM rises 6% to recover from weekend drop

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Market Recovery: XLM Leads with 6% Daily Gain Stellar’s XLM jumped 6% in the last 24 hours, closing at $0.35 after overcoming bouts of volatility. The asset traded in a range of $0.02, between $0.33 and $0.35, briefly dipping to $0.34 before buyers regained control. The rally highlights growing bullish sentiment across major crypto assets

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Trader who made $192 million shorting crypto crash is betting against Bitcoin again

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A trader who pocketed $192 million selling BTC before last week’s crypto wipeout has reloaded with a large bearish position as markets try to recover from the Trump tariff shock. The wallet, identified as 0xb317 on decentralized derivatives platform Hyperliquid, opened a new $163 million short position in Bitcoin on Sunday evening, according to data

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Investment bank China Renaissance plans $600 million BNB treasury with YZi Labs: Bloomberg

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Hong Kong-listed investment bank China Renaissance is looking to raise $600 million to introduce a public crypto treasury focused on BNB, the native token of the BNB chain that is widely used for Binance fee discounts. The project, if completed, would constitute one of the largest bets on BNB by a publicly traded entity. Among

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Singapore approves restart plan, bringing relief to victims of $230 million hack

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The Singapore High Court has approved Zettai Pte. Ltd., paving the way for the reopening of Indian crypto exchange WazirX less than a year after it was crippled by the largest hack of any crypto business in the country. The sanction order follows a new vote in August which saw 95.7% of creditors by number

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