The Hong Kong Monetary Authority is seeking to grow the tokenization ecosystem as part of its four-pronged growth strategy for its fintech sector over the next five years. In a statement on Wednesday during Hong Kong Fintech Week, HKMA said its Fintech 2030 strategy will focus “on four strategic pillars” referred to as “DART,” covering … Read more
Binance co-founder Changpeng “CZ” Zhao has pushed back on reports that he has been driving a proposal to establish a crypto-friendly private bank in the Central Asian nation of Kyrgyzstan, where he provides advisory services. The rumors emerged after Kyrgyzstan President Sadyr Japarov told the Kabar news agency on Sunday that CZ had visited the … Read more
Lawmakers in France have voted to advance an amendment to the country’s tax laws that would impose levies on “unproductive wealth,” including some types of property and crypto holdings. Centrist MP Jean-Paul Matteï filed the amendment on Oct. 22, with members of the National Assembly, the country’s lower house, passing the amendment with a vote … Read more
The U.S. Federal Reserve (Fed) pumped $29.4 billion into the banking system on Friday, sparking optimism on crypto social media. While the move aimed at easing liquidity concerns and is supportive of risk assets, including bitcoin, it’s nothing out of the ordinary. The Fed pumped billions through overnight repo operations, the largest since the 2020 … Read more
Dogecoin slipped 2.3% to $0.1827 during Tuesday’s trading session, breaking decisively below key support at $0.1830 as whale distribution accelerated and long-term holders began exiting positions. The decline came amid a deteriorating technical backdrop and increased selling activity across large wallets. News Background DOGE dropped from $0.1870 to $0.1827 across the 24-hour window, carving out … Read more
Most crypto projects will struggle to build anything long-term as they are forced to constantly chase new narratives to attract investors, according to Ten Protocol’s head of growth, Rosie Sargsian. In a Saturday article posted on X titled “Why Crypto Can’t Build Anything Long-Term,” Sargsiai suggested many crypto founders have paper hands, switching gears at … Read more
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 BTC$108,340.38 is trading above $110,000, and Ether is at $3,880 … Read more
A lawyer for US Senator Elizabeth Warren has hit back at allegations that she defamed Binance founder Changpeng Zhao in a social media post following US President Donald Trump’s pardon of him. The New York Post reported on Tuesday that Zhao’s lawyer, Teresa Goody Guillén, threatened to sue Warren for “defamatory statements that impugn his … Read more
The native token for the decentralized exchange protocol Aster spiked over 30% on Sunday after Binance co-founder Changpeng “CZ” Zhao disclosed that he now holds over $2.5 million in Aster. CZ shared his wallet holdings in an X post on Sunday, and said he bought “some Aster today, using my own money on Binance.” “I … Read more
The European Commission is exploring plans to bring stock and cryptocurrency exchanges under central supervision as part of a broader effort to make the bloc’s capital markets more competitive with those in the US. The incoming proposal would expand the European Securities and Markets Authority’s (ESMA) jurisdiction to include stock and crypto exchanges, as well … Read more