Asia Morning Briefing: Hex Trust CEO Sees Both Promise and Peril in Bitcoin Treasury Firms
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. Digital Asset Treasury (DATs) companies...
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Trump Family-Backed World Liberty Financial Token Crashes After Initial Rise On First Trading Day
The newly tradeable World Liberty Financial (WLFI) token derailed after the initial flourish on Monday. WLFI Falters After Initial Burst WLFI, the governance token of the Trump family-backed decentralized finance platform, began trading at $0.228 and rose to a high of $0.46 in the next half an hour, according...
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Bitcoin Set To Benefit From Strategy’s Potential S&P 500 Inclusion, Analyst Predicts
Bitcoin (BTC) is likely to benefit from the inclusion of Strategy (MSTR) – formerly MicroStrategy – in the S&P 500 Index following one of its strongest quarterly results. To recall, Strategy is the world’s leading Bitcoin treasury firm, holding more than three percent of BTC’s total supply. Strategy’s Inclusion...
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Tesla Sees $657M Outflows As South Korean Retail Investors Favor Crypto-Related Stocks
South Korean retail traders have continued to favor crypto-related stocks instead of high-profile US tech firms amid growing disappointment with companies like Tesla and the global push for digital assets. Tesla Loses Ground, Bitmine Gains Momentum On Monday, Bloomberg reported that Tesla stock has lost ground among South Korea’s...
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Bitcoin Network Bigger Than Ever: Hashrate Sets New Record
On-chain data shows the 7-day average Bitcoin Hashrate has just set a new all-time high (ATH), despite the asset’s price still being down. Bitcoin Hashrate Has Shot Up To New Highs Recently The “Hashrate” refers to a Bitcoin metric that keeps track of the total amount of computing power...
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Metaplanet Pushes Bitcoin Holdings Over $2 Billion With New Purchase
Metaplanet has added to its Bitcoin treasury once again, buying 1,009 BTC in a fresh transaction worth approximately $112 million. In doing so, the Japanese investment house now holds 20,000 BTC worth over $2 billion at current prices. Aggressive Buying Over Recent Months Reports indicate that Metaplanet has been...
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XAUUSD gold price prediction: Buy-the-Dip strategy stays in play above $3,345
xauusd weekly gold forecast...
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Chainlink (LINK) Faces Supply Crunch: Bullish Breakout Ahead?
Exchange supply levels for LINK continue to decline, following the same movement that began a few years ago. With profits and open interest at sky-high levels, will this ignite the next market upswing, or is there more to the story? Exchange Reserves Drying Up According to data from CryptoQuant...
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Solana Set To Become The Most Decentralized Blockchain, Fund CEO Claims
Justin Bons, founder and CIO of Cyber Capital, has ignited a fresh decentralization debate with a sweeping thesis that Solana’s economics and roadmap will propel it past Ethereum on virtually every decentralization metric over time. In an August 30 thread, Bons opens with the blunt contention that “Solana is...
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Binance Appoints SB Seker to Lead Asia Pacific Operations
Binance has named SB Seker as its new regional head for Asia Pacific. He brings two decades of experience in legal, compliance, and financial policy roles, including past work as a litigator in Australia and as a lawyer at the Monetary Authority of Singapore. His background fits well with...
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