Investment firm Sora Ventures announced what it says is Asia’s first dedicated bitcoin (BTC) treasury fund, with plans to buy $1 billion worth of the cryptocurrency in the next six months. The announcement was made during Taipei Blockchain Week, where the firm revealed $200 million in initial commitments from investors across the region. The fund … Read more
By Omkar Godbole (All times ET unless indicated otherwise) As both traditional and crypto markets await the U.S. nonfarm payrolls data, some unrelated news hit the wires, underscoring gold’s appeal as a universal haven. The Financial Times reported that Tether, the issuer of world’s largest dollar-pegged stablecoin, is considering a serious play in the gold … Read more
Stablecoins are fast becoming a mainstream payment vehicle and not just for legitimate transactions. Criminals, like everyone else, would rather avoid currency risk as they move large sums of money around. That can make stablecoins like Tether’s USDT and the USDC issued by Circle Internet (CRCL), whose values are pegged 1:1 to the U.S. currency, … Read more
The European subsidiary of cryptocurrency exchange Bullish (BLSH) has won a license under the Markets in Crypto-Assets (MiCA) regulation in Germany. Bullish Europe secured the license from the Federal Financial Supervisory Authority (BaFin), having previously gained crypto brokerage and custody licenses from the regulator, the company announced via email on Friday. Ascending to MiCA licensing … Read more
MARA Holdings (MARA) reported that its bitcoin (BTC) holdings climbed to 52,477 BTC as of Aug. 31, after the crypto mining company produced 705 BTC during the month. The company mined 208 blocks, maintaining a 4.9% share of network rewards. Energized hashrate rose 1% month-over-month to 59.4 exahashes per second (EH/s). MARA opted not to … Read more
Tether, the issuer of world’s largest stablecoin, USDT, has eyed investing in gold mining, the Financial Times reported on Friday. The firm has held discussions with mining groups about putting money into the gold supply chain, including refining, trading and royalties, according to the report, which cited people familiar with the talks. Tether CEO Paolo … Read more
Bitcoin (BTC) steadied near $111,600 on Friday morning, showing relative resilience even as macro jitters pulled global risk assets lower. Ether (ETH) slipped 0.7% to $4,330 while Solana’s SOL (SOL) added 1.3% to trade above $204. XRP (XRP) hovered near $2.81, flat on the day but up 3.5% over the week. The week’s backdrop has … Read more
Bitcoin’s (BTC) price recovery has gathered traction in the lead up to Friday’s U.S. jobs report. The leading cryptocurrency by market value rose to $113,000, its highest level since Aug. 28, and recorded its first higher high since the mid August all time peak of $124,000, according to CoinDesk data. In technical terms, a higher … Read more
Gemini, the crypto exchange backed by Tyler and Cameron Winklevoss, has launched ether (ETH) and solana (SOL) staking, along with perpetual futures contracts, for customers in the European Union, the company said in a press release Friday. The rollout follows the company’s recent approval under the EU’s Markets in Crypto-Assets Regulation (MiCA). Gemini Staking allows … Read more
Bitcoin’s (BTC) lack of short-term bullish drivers and worsening technical outlook has prompted one analyst to plan bids at lower price levels to capitalize on a potential market freakout. “I will leave bids at $94,0000 and $82,000 in case of a freakout,” Brent Donnelly, president of Spectra Markets, said in a market update. “If my … Read more
The bitcoin (BTC) bull run has already stalled with ongoing sales from long-term holder wallets and a slowdown in ETF inflows. To make matters worse, another lesser-known but significant market variable appears to be turning against BTC bulls, signaling new challenges on the horizon. That market variable is the MOVE index, created by Harley Bassman, … Read more
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin treasury companies are facing a simple but brutal test: can … Read more
Payments giant Stripe and crypto investment firm Paradigm on Thursday officially unveiled Tempo, their joint blockchain project designed for stablecoin payments. The initiative, incubated inside Stripe, is designed to handle the kind of scale Stripe sees in real-world financial applications, processing tens of thousands of transactions per second with sub-second finality, Stripe CEO Patrick Collison … Read more
World Liberty Financial (WLFI), the crypto protocol linked to Donald Trump and his family, on Thursday blacklisted Tron founder and key investor Justin Sun’s blockchain address, impeding him from transfering WLFI tokens. The move affects 595 million unlocked WLFI tokens held on the address, worth roughly $107 million at current prices, according to Arkham data. … Read more
NYSE-listed firm Mega Matrix (MPU) filed a $2 billion shelf registration on Thursday to establish a digital asset treasury focused on ENA (ENA), the governance token of stablecoin protocol Ethena. According to the filing with the Securities and Exchange Commission (SEC), the firm could sell up to $2 billion of securities, with plans to use … Read more
Collaborative design software company Figma (FIG) expanded its bitcoin (BTC) holdings to $91 million in the second quarter of this year, the company disclosed Wednesday during its earnings call. The move, revealed by Chief Financial Officer Praveer Melwani, comes as part of a larger $1.6 billion cash position. “Within the $1.6 billion, we also held … Read more
The purchase announcements are still coming at a fast clip, but the bubble in crypto treasury companies popped some time ago and is deflating even further on Thursday as the Nasdaq reportedly has seen enough. That major U.S. stock exchange — where many of these treasury companies trade — is upping scrutiny of firms aiming … Read more
Crypto custody heavyweight Fireblocks has unveiled its own payments network to help participants move stablecoins around. The Fireblocks Network for Payments is designed to combine on- and off-ramps, liquidity providers, banks and stablecoin issuers with higher efficiency and lower risk than currently exists when providers use more fragmented and disperse systems. The network’s participants already … Read more
HBAR suffered a sharp downturn over the past 24 hours, sliding 4.32% from $0.22 to $0.21 between September 3 at 15:00 and September 4 at 14:00. Selling pressure intensified as resistance at $0.222 capped attempts at recovery, leading to a breakdown below the $0.212–$0.214 support zone. The move was accompanied by heightened volatility, with a … Read more
Bitcoin’s (BTC) feeble bounce this week ran out of gas on Thursday, with prices slipping back below $110,000 and some market watchers warning of a deeper pullback. The largest cryptocurrency fell 2.2% over 24 hours to $109,500, erasing half the gains it made from the weekend’s low of $107,000 as it topped $112,600 on Wednesday. … Read more
Stellar (XLM) continued to slide lower over the past 24 hours, with price action underscoring a clear bearish bias. Between Sept. 3 at 15:00 and Sept. 4 at 14:00, XLM shed 2.72%, falling from $0.368 to $0.358. The move came within a tight $0.012 range, reflecting 3.26% intraday volatility. Sellers consistently rejected attempts to push … Read more
Shares of bitcoin miner American Bitcoin (ABTC) have dropped below its initial IPO price after falling 15% on Thursday, the day after its debut on the Nasdaq. ABTC was trading at $6.83 a share, down from its IPO price of $6.90. The company, which is 80% owned by Hut 8 and 20% by Donald Trump … Read more
Polkadot’s DOT slipped 4% in the last 24 hours, dropping to $3.75 dragged down b a decline in the broader crypto market. The token’s trading range was $0.15, marking a 4% volatility spike, according to CoinDesk Research’s technical analysis model. Resistance held firm at $3.90, while DOT fell through the $3.80 support level. Technical structure … Read more
The National Football League (NFL) season begins Thursday night and bettors are rushing to crypto-based prediction market Polymarket to place their early-season slips. Already, more than $600,000 has been wagered on the opener between the Philadelphia Eagles and Dallas Cowboys, a sum that eclipses the roughly £150,000 ($201,000) taken in by Europe’s largest betting exchange, … Read more
Popular Ethereum Virtual Machine (EVM) blockchain explorer Etherscan said it expanded to the Sei blockchain, bringing in a familiar way for users to track on-chain activity. The new tool, called Seiscan, adapts the widely used Ethereum block explorer to Sei’s EVM-compatible network, according to a blog post on Sei’s website. Etherscan functions as a search … Read more
As the August U.S. nonfarm payrolls report (NFP) nears, bitcoin (BTC) traders on the CME are snapping up inexpensive bearish bets by purchasing far out-of-the-money puts, hedging against the possibility of an unexpectedly strong jobs print that could trigger a sell-off in risk assets. The NFP, due Friday, is expected to show that the economy … Read more
How does decentralized finance (DeFi) work? In today’s Crypto for Advisors newsletter, Elisabeth Phizackerley and Ilan Solot and from Marex Solutions co-authored this piece about the mechanics of a DeFi transaction using Ethena, Pendle and Aave and how they all work together to create investment yields. Then, DJ Windle breaks down the concepts and answers … Read more
As he’d signalled, Securities and Exchange Commission Chairman Paul Atkins is loading his agency’s policy agenda with crypto work, according to the program disclosed on Thursday, revealing what the chairman called a “new day” for the sector. “The agenda covers potential rule proposals related to the offer and sale of crypto assets to help clarify … Read more
Publicly traded companies now collectively hold more than 1 million BTC (1,000,632 BTC) worth around $110 billion, according to BTC Treasuries, underscoring the growing role of corporate adoption in the bitcoin market. Strategy (MSTR) dominates the landscape with 636,505 BTC, accounting for about 63.6% of the total, while the top 10 companies combined hold 863,397 … Read more
Boerse Stuttgart Group unveiled Seturion, a digital settlement platform designed to streamline post-trade processes for tokenized assets across Europe. The blockchain-based infrastructure aims to eliminate cross-border frictions, unify fragmented settlement systems and cut costs by as much as 90%, the exchange said Thursday. The platform, which is open to banks, brokers, traditional and digital trading … Read more