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. BTC is pinned near $111,000 with volatility compressed to multi-month lows, […]
News from Web3, Bitcoin and crypto crurrency launches and market updates
Ripple is expanding its banking partnerships in Europe through a new agreement with BBVA in Spain. The deal will see BBVA integrate Ripple’s digital asset custody technology into its recently launched retail service for trading and holding bitcoin and ether. The move comes as European banks adapt to the Market in Crypto Assets (MiCA) regulation, […]
U.S. money market funds currently hold over $7 trillion, which some analysts believe could soon be rotated into various asset classes, including cryptocurrencies, potentially fueling the next leg higher in bitcoin (BTC) and the alternative cryptocurrencies (altcoins). A money market fund is a type of mutual fund that invests in high-quality, short-term debt instruments, such […]
Dogecoin swung violently over the last 24 hours, with whales and institutional desks stepping in on heavy volumes near $0.234 support. The memecoin advanced 2% in the final hour to recover from steep intraday selling, though resistance at $0.244 remains firm. Price Action Summary • DOGE traded between $0.231 and $0.244 from September 8 at […]
The battle over who will issue Hyperliquid’s native stablecoin, USDH, has a new heavyweight entrant. Sky, formerly known as MakerDAO, submitted a proposal to power USDH that leans on its $8 billion balance sheet, seven-year operating history, and a B- S&P credit rating – the first ever issued to a decentralized finance (DeFi) protocol. Hyperliquid, […]
The digital asset rallied toward the $3.00 threshold on explosive volume before consolidating, as traders positioned around upcoming macro catalysts and ETF rulings. Support has held firm above $2.88, but repeated failures near $2.99 highlight how institutional flows are dictating short-term ranges. News Background Federal Reserve futures now imply a 99% chance of a 25-bps […]
Options data from Deribit reveals a striking divergence in sentiment for major cryptocurrencies, with bullish positioning in XRP (XRP) and solana (SOL contrasting with lingering downside fears in bitcoin (BTC) and ether (ETH). As of the time of writing, XRP call options or bullish bets were pricier than puts across all tenors, according to data […]
Dogecoin posted a controlled rise within a tight intraday band, with buyers repeatedly defending the $0.213–$0.214 area and sellers leaning into the $0.220–$0.221 zone. Momentum improved on rebounds where volume rose above session norms, but late momentum fades kept price pinned just below resistance into the close. News Background No confirmed catalyst headlines drove the […]
XRP jumped sharply in Monday’s session, climbing from $2.83 to $2.88 as a breakout push briefly tested $2.92 on six-fold average volume. Bulls held firm above $2.86 support, but repeated rejection at $2.90–$2.92 capped upside momentum. With Fed rate cut bets near 100% ahead of the September 17 meeting, institutional inflows remain strong — leaving […]
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 were the talk of the town during the […]
Christian Catalini, co-creator of Facebook’s Libra project, warned on Friday that Stripe’s Tempo and Circle’s Arc could succeed commercially but at the cost of crypto’s decentralization ideal. Launched in 2019, Libra was Meta’s bold bid to create a global digital currency backed by a basket of stable assets. The project promised to make payments as […]
Spot ether exchange-traded funds (ETFs) logged their fifth straight day of outflows this week, shedding $952 million in total and over $787 million in the four-day week alone. The withdrawals followed a record-setting August when spot ether ETFs pulled in $3.87 billion even as bitcoin ETFs saw $751 million in net outflows, according to SoSoValue […]