Japanese cryptocurrency exchange Coincheck, whose Netherlands-based holding company listed the trading platform on the Nasdaq last year (CNCK), has acquired Aplo, a digital asset prime brokerage firm regulated in France by the Autorité des Marchés Financiers (AMF). The acquisition will help Coincheck, a popular exchange in Japan, expand into Europe, the companies said on Tuesday. […]
News from Web3, Bitcoin and crypto crurrency launches and market updates
Chinese investors have borrowed a record amount to buy local stocks, offering risk-on cues to global markets, including cryptocurrencies. However, crypto traders still appear to be more cautious. According to Bloomberg, margin trades outstanding in China’s onshore equity market surged to 2.28 trillion yuan ($320 billion) on Monday, surpassing the previous 2015 peak of 2.27 […]
Bitcoin (BTC) hovered around $110,000 on Tuesday morning even as gold tore through record highs, indicating how crypto traders are hedging the Federal Reserve’s next move. Crypto majors spent the past seven days bleeding lower before an uptick on Tuesday. Bitcoin rose 2.7%, while ether (ETH) remained flat. Other majors, such as XRP (XRP), Solana’s […]
Long-term bitcoin (BTC) holders have stepped up their liquidations in recent weeks, adding to bearish pressures in the market. On Friday, these so-called patient holders offloaded 97,000 BTC (nearly $3 billion), marking the largest single-day long-term holder sell-off of the year, which accounts for the bulk of the recent increase in spending activity, according to […]
Without OP_CAT, Bruce Liu says Bitcoin is as “useful as a jumbo jet without wings” capable of much more than it’s allowed to do, but stuck on the ground while Ethereum and Solana soar. Liu, the founder of OPCAT_Labs, says a single opcode, OP_CAT, could transform Bitcoin from static digital gold into programmable money that […]
World Liberty Financial (WLFI), the Trump-family-affiliated DeFi project, is pitching a new tokenomics maneuver to shore up confidence after its rocky trading debut: a buyback-and-burn program funded by protocol-owned liquidity fees. The proposal comes as WLFI faces sharp market headwinds following its highly publicized trading debut across major exchanges, including Binance, OKX, Upbit, Coinbase, Bithumb, […]
A fresh slate of Ethereum testnets is replacing Holesky, the once-massive staging ground now set for shutdown after two years of service. The wind-down will occur two weeks after the Fusaka upgrade is finalized later this year, at which point client and infrastructure teams will cease providing support. Fusaka is set to make Ethereum rollups […]
Binance is the first crypto exchange to list World Liberty Financial (WLFI), the Trump-family-linked decentralized finance (DeFI) project, with trading set to begin Monday afternoon UTC time, according to a recent announcement. Deposits are already live, while withdrawals are scheduled to begin Tuesday. Binance will apply its “seed tag” designation, a label reserved for innovative […]
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin (BTC) has breached key support levels in a sign of increasing bearish momentum that suggests a risk of a slide to $100,000. The leading cryptocurrency by market value fell 6.5% in August, ending the four-month winning streak as the U.S.-listed […]
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. August delivered a rare reversal in the ETF tide: Bitcoin spot […]
Bitcoin’s latest rally is spilling over into the luxury holiday market. The Financial Times (FT) reported earlier today that private jet firms, cruise lines and boutique hotels are increasingly accepting crypto payments. Flexjet-owned FXAIR, for instance, now takes tokens for transatlantic trips costing about $80,000, while cruise operator Virgin Voyages sells annual passes worth $120,000. […]
One of the biggest stories emerging from the Far East this month is the imminent launch of a blockchain-based version of the Japanese yen, one of the world’s major fiat currencies. The timing for this development couldn’t be better, as the Bank of Japan (BOJ) is widely expected to raise interest rates soon, a move […]