Earlier this year, at Hong Kong’s Bitcoin Asia, there was a growing sense of frustration with Digital Asset Treasury (DAT) companies and their lagging performance against the asset they fill their coffers with. “Just buy an ETF,” is how Strive Asset Management CEO Matt Cole put it on stage during a panel at the conference….
BitMine Immersion (BMNR), the largest Ethereum-focused digital asset treasury (DAT) firm and helmed by Wall Street veteran Thomas Lee, is sitting on steep unrealized losses on its big bet on ether ETH$2,740.04. The firm reported Friday $328 million in net income for its fiscal year ended August 31, while fully diluted earnings per share came…
Grayscale’s two new crypto exchange-traded funds (ETFs) will go live on NYSE Arca on Monday, offering U.S. investors simplified access to DOGE$0.1400 and XRP for the first time through regulated public markets. The Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP) are each structured as spot ETPs that hold their respective underlying…
ICP$4.3398 extended its slide over the past 24 hours, trading near $4.369 after a sharp break below long-standing support at $4.33. The decline followed one of the steepest intraday drops in recent sessions, with price moving from $4.97 to $4.30 in a fast, technically-driven cascade, according to CoinDesk Research’s technical analysis data model. Activity surged…
HBAR tumbled 11.5% on Tuesday as intense institutional selling overwhelmed the market, smashing the token from $0.1426 to $0.1281. A massive 250.3 million-unit sell wave at 07:00 GMT—nearly double the 24-hour average—erased the key $0.1350 support and unleashed a cascade of stop-loss triggers. The breakdown came despite ongoing network development efforts, underscoring that technical flows—not…
Bitcoin is showing one of the deepest momentum breaks of the cycle, with several onchain indicators now printing signals last seen during the industry’s most violent washouts. Data from Glassnode shows realized losses have surged to levels comparable to the November 2022 capitulation around the FTX collapse. The spike is being driven almost entirely by…
Bitcoin BTC$85,533.71 is not the only asset taking a beating this quarter. The Japanese yen (JPY) is also down 157.20 per U.S. dollar, a big move for a major fiat currency, prompting FX traders to await intervention from the Bank of Japan (BOJ) to stem the decline. But why are we discussing FX? It’s because,…
Japanese Prime Minister Sanae Takaichi’s cabinet approved a multi-billion dollar stimulus package on Friday, delivering on the new leader’s promise to pursue an expansionary fiscal policy. The stimulus, worth JPY 21.3 trillion ($135.40 billion), includes general account outlays of JPY 17.7 trillion, significantly larger than last year’s JPY 13.9 trillion, representing the biggest fiscal bazooka…
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. Zcash ZEC$657.99 has been one of the strongest performers of the…
Dozens of crypto groups petitioned President Donald Trump to help them out with the policy initiatives his administration can get done while Congress keeps negotiating next steps on the market structure legislation that’s been the sector’s Washington priority. The letter, led by the recently established Solana Policy Institute and signed by others including the Blockchain…