Asia Morning Briefing: Capital Controls Doom Asia’s Stablecoin Dreams—Except in Hong Kong
Good Morning, Asia. Here’s what’s making news in the markets: In the lead-up to Seoul’s Korea Blockchain Week, discussions about a Korean Won stablecoin were among the leading narratives. The idea carries political weight, positioning local currencies as digital alternatives to the U.S. dollar. However, despite the enthusiasm, most...
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Tether And Circle Print $1.5B In Hours: Fresh Liquidity Incoming
The stablecoin market is once again making headlines as two of the largest issuers, Tether (USDT) and Circle (USDC), significantly expanded supply in just hours. According to data shared by Lookonchain, Tether minted another 1 billion USDT, while Circle printed 500 million USDC only seven hours earlier. These issuances...
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Vitalik Buterin: “Base Is Doing Things Right” on Ethereum Layer 2
Vitalik Buterin Says Base Is Doing Things Right Ethereum co-founder Vitalik Buterin has given a nod of approval to Base, the Layer-2 network built on Ethereum. Speaking recently, he said Base is taking the right approach when it comes to balancing user experience and network security. Base is doing...
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FTX Recovery Trust Sues Genesis Digital to Recover $1.15 Billion
The FTX Recovery Trust has taken legal action against Genesis Digital Assets and several people linked to the company. They’re asking the court to help recover around $1.15 billion that they believe was transferred under suspicious circumstances. The lawsuit is being handled in the US Bankruptcy Court in Delaware...
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Coinbase’s Plan To Control AI Payment Standards Globally
Coinbase and Cloudflare have formed the x402 Foundation to make the long-ignored HTTP 402 “Payment Required” code work as a real standard for online transactions. The announcement came on Tuesday, September 23, through a company blog post and a Cloudflare release. We @Cloudflare are working with @coinbase to create...
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Bitcoin Flat As Jerome Powell Flags Fed Dilemma; Ethereum, Dogecoin, XRP Also Stuck: Analyst Foresees ETH Rebound If This Happens
Leading cryptocurrencies failed to breakout on Tuesday, while stocks pulled back from highs, as Federal Reserve Chair Jerome Powell issued a cautionary note. Cryptocurrency Gains +/- Price (Recorded at 9:15 p.m. ET) Bitcoin (CRYPTO: BTC) -0.07% $112,369.61 Ethereum (CRYPTO: ETH) -0.08% $4,184.61 XRP (CRYPTO: XRP) -0.37% $2.83 Solana (CRYPTO:...
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ARK Invest acquires Alibaba shares for first time in four years
ARK Invest’s move suggests growing confidence in Chinese tech, potentially boosting investor sentiment despite geopolitical tensions. The post ARK Invest acquires Alibaba shares for first time in four years appeared first on Crypto Briefing....
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XRP Outshines Gold, Stocks, And Bitcoin As Thailand’s Best Asset
According to reports citing Thailand’s financial regulator and local market data, XRP posted the strongest year-on-year return among major assets in the country. The cryptocurrency recorded about 390% gains compared with the same period last year, and it has held the top spot for nine consecutive months, based on...
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NVIDIA director sells 350,000 common shares at $176.39 each
The sale highlights potential investor confidence shifts amid NVIDIA’s dominant market position and the ongoing AI industry expansion. The post NVIDIA director sells 350,000 common shares at $176.39 each appeared first on Crypto Briefing....
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OranjeBTC acquires 3,650 Bitcoin for $385 million
OranjeBTC’s acquisition highlights the increasing trend of corporate Bitcoin adoption as firms seek to hedge against inflation and diversify assets. The post OranjeBTC acquires 3,650 Bitcoin for $385 million appeared first on Crypto Briefing....
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