Author: Kryptonews

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…

Startale Group and Japan’s financial conglomerate SBI Holdings have launched Strium, a layer-1 blockchain designed to support exchange-layer and settlement infrastructure for institutional trading of foreign exchange, tokenized equities and real-world assets (RWAs).The platform is designed as an exchange-layer network, according to an announcement shared with Cointelegraph. “Tokenization is an inevitable trend, and equities tokenization is clearly the next big market,” said Sota Watanabe, CEO of Startale Group. He added that Strium aims to bridge the gap between traditional offchain finance and the onchain ecosystem by enabling compliant dividend and royalty payments.The launch represents the first major milestone since the…

The US Commodity Futures Trading Commission has withdrawn a Biden administration-era proposal that would have banned sports and political prediction markets, some of the most popular event contracts today.The recently confirmed CFTC chair, Mike Selig, said on Wednesday that the agency has withdrawn a 2024 notice of proposed rulemaking that sought to ban event contracts for sports, politics and war, among other topics, classifying them as “contrary to the public interest.”Selig said the proposal “reflected the prior administration’s frolic into merit regulation with an outright prohibition on political contracts ahead of the 2024 presidential election,” adding that CFTC doesn’t plan…

Crypto.com has spun out its prediction markets business into a standalone platform called OG, marking a fresh push into one of the fastest-growing corners of digital finance and putting it in direct competition with Polymarket and Kalshi. Key Takeaways: Crypto.com has launched OG as a standalone, US-only prediction markets platform built on its CFTC-regulated derivatives infrastructure. The spinout follows explosive growth, with Crypto.com reporting 40x weekly increases in prediction market activity over the past six months. OG enters an increasingly competitive market as major crypto and Wall Street players expand into event-based contracts. OG, which went live this week, is…

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…

Further details about a new museum to open in AlUla, Saudi Arabia, were revealed by Arts AlUla, a project of the Royal Commission for AlUla (RCU). Plans for the Lina Ghotmeh–designed institution, a partnership between the RCU and the Centre Pompidou, were first announced in 2023. The new information was reported by the Art Newspaper, among other outlets. Set in the AlUla Oasis, the planned museum is part of RCU’s development of the historic region of Al-Ula (now officially AlUla), home to the UNESCO World Heritage Site of Hegra. Other arts initiatives include Wadi AlFann, which will feature permanent outdoor…

Multicoin Capital’s co-founder, Kyle Samani, said he is stepping down as managing partner of the crypto investment firm after 10 years in the industry. Samani called it a “bittersweet moment” in a post on Wednesday, adding, “I am excited to take some time off and explore new areas of technology,” which he later revealed would include AI and robotics. He added that he is “more confident than ever that crypto is going to fundamentally rewire the circuitry of finance.”“The Clarity Act will unlock a tidal wave of new entrants and spur adoption unlike anything we’ve seen,” Samani said, adding that he…

The Chicago-based cryptocurrency exchange Bitnomial has launched futures tied to Tezos’s XTZ token, marking the first time the asset has a futures market on a US Commodity Futures Trading Commission-regulated exchange. According to Wednesday’s announcement, the futures contracts are live and allow institutional and retail traders to gain exposure to XTZ (XTZ) price movements using either cryptocurrency or US dollars as margin. Futures contracts let traders hedge risk or gain price exposure by agreeing to buy or sell an asset at a set price on a future date, without holding the asset itself.Regulated futures markets are often viewed as a…

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…

Dogecoin (DOGE)’s continued calm phase, exhibited by its price declines, has attracted the attention of crypto traders and market analysts alike. Today, the price of the flagship meme coin currently trades at $0.1082 after seeing a 0.1% drop. The asset’s value has also been down 13.9% and 28.1% over the past week and month, respectively, an indicator of increased selling activity in the market. However, beneath the calm phase, there are important dynamics behind the scenes. Today, market analyst Cryptogem555 believes that the downfall is not a sign of a market crash. Rather, the analyst identified that the asset has…