Author: driver789
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 is entering the Asian trading day with on-chain data flashing full bear-market signals, as prices hover in the mid-$70,000s and global equity markets continue to search for direction.CryptoQuant’s latest weekly report frames the weakness as structural rather than cyclical, with its Bull Score Index sitting at zero while bitcoin trades far below its October peak. The report argues…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure BitMine chairman Tom Lee has responded to talks about the firm’s unrealized Ethereum treaury losses, arguing they are part of the design. BitMine’s Ethereum Holdings Are In Notable Loss After The Crash The digital asset sector has seen a major bearish turn over the past week and Ethereum has been among the worst-hit assets, declining by nearly 25%. A consequence of this drawdown has been that BitMine, the largest corporate holder of ETH, has witnessed its reserves go into a significant loss. BitMine is still relatively new…
Bitwise is laying out a bold scenario: Bitcoin could climb to a new record in 2026 and, if the stars align as the sages would say, may one day reach $1 million over the next 10 years. That view rests less on past rhythms and more on a shift in who buys and how they buy. Related Reading Institutional Demand Could Soar According to Ryan Rasmussen, Bitwise’s Director of Research, big money is moving from the sidelines onto the field. Spot Bitcoin ETFs and major brokerages have made buying easier for pension funds, endowments, and fund managers. Reports say these…
Shares of Strategy ($MSTR) plunged again today as Bitcoin’s sell‑off deepened, reinforcing the tight correlation between the world’s largest corporate Bitcoin holder and the digital asset’s price action. Bitcoin cratered toward $72,000, extending losses to levels not seen since late 2024, while MSTR shares tumbled roughly 9% on the session, dipping to intraday lows near $121.19. At current levels the stock is down roughly 15% year‑to‑date and a staggering 72% from its November 2024 peak. The drop in Bitcoin — now hovering near $72,000, far below the multi‑year highs seen in 2025 — has rippled across the broader crypto complex. …
Chicago-based derivatives exchange CME Group is weighing the launch of its own digital token as it explores how tokenized assets could be used as collateral across financial markets, according to comments from CEO Terry Duffy.Speaking on a company earnings call, Duffy said CME is reviewing different forms of margin, including tokenized cash and a CME-issued token that could operate on a decentralized network. He said:Not only are we looking at tokenized cash […] we’re looking at different initiatives with our own coin that we could potentially put on a decentralized network for other of our industry participants to use.He added…
Key takeaways:Heavy outflows from Bitcoin exchange-traded funds and massive liquidations show that the market is purging highly leveraged buyers.Bitcoin options metrics reveal that pro traders are hedging for further price drops amid a tech stock sell-off.Bitcoin (BTC) slid below $73,000 on Wednesday after briefly retesting the $79,500 level on Tuesday. This downturn mirrored a decline in the tech-heavy Nasdaq Index, driven by a weak sales outlook from chipmaker AMD (AMD US) and disappointing United States employment data. Traders now fear further Bitcoin price pressure as spot exchange-traded funds (ETFs) recorded over $2.9 billion in outflows across 12 trading days. Bitcoin spot…
Vitalik Buterin reverses his 2017 stance, arguing zk-proofs now make “mountain man” full verification a real fallback as Ethereum stress-tests decentralization. Summary Ethereum co-founder Vitalik Buterin revisits a 2017 clash with Ian Grigg, now favoring designs where users can fully verify state instead of outsourcing trust to nodes and devs. He calls ZK-SNARKs a “magic pill” that lets users check chain correctness without replaying every transaction, easing old block-size tradeoffs. Citing censorship, outages, and validator concentration, he frames the “mountain man’s cabin” as Ethereum’s BATNA: a rarely-used but essential verification fallback. Ethereum (ETH) co-founder Vitalik Buterin has publicly walked back…
Kyle Samani, co-founder of crypto investment firm Multicoin Capital, is stepping down from his role as managing director, he announced Wednesday in a post on X.“It’s a bittersweet moment for me because my time at Multicoin has been some of the most meaningful and rewarding of my life,” Samani wrote. “After nearly a decade in crypto, I’m more confident than ever that crypto is going to fundamentally rewire the circuitry of finance.”Samani said he’s taking time off and “exploring other areas of technology,” but made clear he’s not walking away from crypto entirely. “While I’ll be stepping away professionally from…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With volatility intensifying in the broader cryptocurrency market, the price of Ethereum has fallen sharply, drawing dangerously close to the $2,000 level. While there are speculations that the ongoing trend is akin to a bear market phase, investors seem to be unshaken by the sharp pullback in ETH’s price, with accumulation not showing signs of slowing down. Investors’ Behavior After Ethereum’s Drop Below Realized Price Following the sharp pullback on Tuesday, the Ethereum price has now fallen below a key level regarded as the Realized Price. Despite…
PEPE has pushed deeper into its corrective phase in early February after a sharp selloff wiped out nearly half of its value in just two weeks. The meme coin is now trading around its yearly low zone following a 48% decline that unfolded in line with a technical outlook shared by an analyst on X. PEPE’s price action since the start of the year shows a full unwind of a few days’ rally, and the next question is whether the meme coin is still working through distribution or preparing the ground for its next major phase. PEPE Completes Full Reversal…