Solana users could soon swap Singapore dollars (SGD) for U.S. dollars (USD) instantly online, marking the popular high speed blockchain’s first access to digital tokens tied to one of the premier Asian currencies. That’s because, crypto infrastructure firm StraitX said Tuesday, that it’s planning to launch its Singapore dollar stablecoin XSGD and U.S. dollar stablecoin…
A critical vulnerability in React Server Components is being actively exploited by multiple threat groups, putting thousands of websites — including crypto platforms — at immediate risk with users possibly seeing all their assets drained, if impacted. The flaw, tracked as CVE-2025-55182 and nicknamed React2Shell, allows attackers to execute code remotely on affected servers without…
Dogecoin lost a critical technical level after a sharp, high-volume selloff, signaling a change in short-term market structure and forcing traders to reassess near-term risk. News background Dogecoin declined 5.5% over the past 24 hours, falling from $0.1367 to $0.1291 as selling pressure intensified across the broader crypto market. The move came amid weaker risk…
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. With just two weeks left in the year and many desks in…
Payments company PayPal (PYPL) applied for a Utah industrial bank license, it said Monday, with the goal of creating a lending arm called PayPal Bank. The company, which also operates the PYUSD stablecoin through a partnership with Paxos, said in a press release it intends to “provide business lending solutions” to small businesses and interest-bearing…
Pain for crypto bulls persisted on Monday as bitcoin BTC$86,156.49 remained sharply lower during U.S. afternoon trading amid growing investor uncertainty surrounding the macroeconomic outlook. Just after the close of U.S. stock trading, bitcoin was lower by 3% over the past 24 hours to $86,000. XRP$1.8984, ether ETH$2,942.59 and solana SOL$126.01 all fell more than…
Strategy’s (MSTR) junior preferred stock Stride (STRD) saw its credit spread tighten further at the end of last week, possibly highlighting strong demand for the company’s highest-yielding preferred offering. The spread between the yield of STRD and that of the U.S. 10-Year Treasury Note fell to a new low of 8.12% as of Dec. 12,…
Crypto policy is shifting from talk to implementation as the OCC, FDIC and Federal Reserve begin to sketch a regulatory perimeter for stablecoins and tokenized deposits in the U.S., Bank of America said in a Monday report. Recent approvals and proposals mark the start of a multi-year transition that could push more real-world assets and…
Prediction markets are quickly shifting from a niche sideline to an emerging asset class, with monthly volumes around $10 billion, said U.S. bank Citizens. Though tiny next to the more than $10 trillion in U.S. equities, they are growing fast as platforms like Robinhood (HOOD), Kalshi and Polymarket scale. The bank said these markets address…
Strategy (MSTR), the largest publicly traded holder of bitcoin, for the second straight week has aggressively bought the dip in bitcoin BTC$89,557.77. The company acquired 10,645 bitcoin last week for $980.3 million, or an average price of $92,098 each. Total holdings rose to 671,268 BTC acquired for $50.33 billion, or an average of $74,972 per…
