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. A new CryptoQuant report suggests that Strategy is quietly preparing for a…
Ethereum activated its highly anticipated “Fusaka” upgrade on Wednesday, marking the blockchain’s second major code change of 2025. The update is designed to help Ethereum handle the increasingly large transaction batches coming from the layer-2 networks that settle on top of it. The Fusaka upgrade, also sometimes called a “hard fork”, was triggered at 21:49…
The state of Connecticut fired a legal volley against sports events contracts with a trio of cease-and-desist orders sent on Wednesday to major prediction-market operations — Robinhood, Kalshi and Crypto.com. The state’s Department of Consumer Protection accused the companies of “conducting unlicensed online gambling, more specifically sports wagering.”Each of the companies are “hereby ordered to…
Fanatics is expanding beyond jerseys and collectibles into the world of real-money prediction markets. The sports merchandiser said Tuesday it will launch its new platform, Fanatics Markets, across 24 U.S. states in phases over the coming days. The app, now live in 10 states and coming soon to major markets like California, Texas, Florida and…
Polymarket has launched a mobile app in the U.S., offering users a new way to bet on sports events using real money under federal oversight, the company announced on X on Wednesday. The app, currently available for iOS, opens access to users on a rolling basis through a waitlist system. Android support is expected soon,…
Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Ethereum Developers Prep for Fusaka, Second Upgrade of 2025 Anthropic Research Shows AI Agents Are Closing In on Real DeFi Attack Capability Ethereum Devs Push ZK ‘Secret Santa’ System…
TON’s price climbed 3.7% to $1.605 over the last 24-hour period, buoyed by rising trading volume and back-to-back developments in decentralized governance and AI infrastructure. Trading activity spiked 16% above its seven-day moving average, according to CoinDesk Research’s technical analysis data model, with large market player flows supporting the move. The price jump came as…
Polkadot gained 9.2% to $2.28 over the last 24 hours, outperforming the broader crypto market. DOT punched through the critical $2.25 resistance level that capped previous rallies, according to CoinDesk Research’s technical analysis model. The model showed that trading volume surged 60% above the seven-day average, confirming genuine institutional interest behind the breakout move. The…
The U.K. now formally recognizes cryptocurrency as property following the passing of a new law this week. The Property (Digital Assets etc) Act received Royal Assent, the final step of an act becoming law after being passed by Parliament. The act, approved by King Charles on Tuesday, was designed to modernize property law to take…
Taiwan could see its first locally issued stablecoin go live in the second half of 2026, though regulators have not yet decided on the currency the token will be tied to. Local media in Taiwan report Financial Supervisory Commission Chair Peng Jin-long told lawmakers this week that the draft Virtual Assets Service Act has cleared…
