Crypto exchange Binance has transferred roughly $100 million worth of bitcoin from one of its hot wallets into its Secure Asset Fund for Users (SAFU), marking an early on-chain step in the exchange’s plan to reframe its user protection reserve around bitcoin. Blockchain data shows about 1,315 BTC moved in a single transaction from a…
A decade ago, the crypto market was straightforward: When bitcoin BTC$76,540.50 surged, some 500 or more alternative cryptocurrencies followed suit; when it plunged, the entire market crashed. Portfolios spread across “diverse tokens” with unique use cases looked diversified on paper, but cratered during the bitcoin slides. Fast forward to 2026, and very little has changed,…
Solana-based decentralized excange Jupiter said it will bring Polymarket to the network for the first time, rolling out an integration that it pitched as a push to make Jupiter a fuller on-chain predictions hub. “For the first time, Polymarket is coming to Solana. On Jupiter,” the exchange posted on X, adding users will be able…
Bitcoin BTC$78,358.92 traded back above $76,000 after a short-lived break of support, where it tested $74,000, highlighting the fragile balance between dip buyers and forced sellers in a market still short on “depth.” (CoinDesk) The quick V-shaped move stemmed from order book dynamics where liquidity has dried, allowing buy/sell trades to have an outsized impact…
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’s latest slide exposed a familiar pattern in crypto markets: probability gauges…
At first glance, the $19 billion liquidity wipeout on Oct. 10 looked routine: a rapid chain of liquidations, or forced closures of trading positions, across major exchanges as bitcoin BTC$77,706.11, the largest cryptocurrency, tumbled. It’s what followed, and the lack of transparency over the day’s events, that’s made the largest single-day liquidation by dollar value…
Johnny Ng is not interested in zero-sum crypto politics. As regulators in Washington, Beijing and elsewhere in Asia chart their own paths for digital assets, the Hong Kong legislator is focused on something else entirely: building connective tissue between markets, technologies, and jurisdictions that rarely move in sync. Representing the technology sector in Hong Kong’s…
Bitcoin’s price sank sharply over the weekend, sliding below $78,000 — its lowest level since April — as profit-taking collided with thinning liquidity and a scarcity of fresh buyers. Traders told CoinDesk that a rally once backed by corporate demand, particularly from Strategy’s (MSTR) bitcoin purchases, has run out of steam, leaving markets vulnerable to…
Senator Elizabeth Warren is calling for congressional hearings after new reporting revealed that the United Arab Emirates’ top intelligence official secretly took a nearly 50% stake in a Trump-era crypto company. According to a Wall Street Journal investigation, an entity backed by Sheikh Tahnoon bin Zayed Al Nahyan—the United Arab Emirates’ national security adviser and…
Bitcoin BTC$78,358.92 is suffering from an identity crisis that has nothing to do with fundamentals and everything to do with shrinking attention spans. While gold rallied more than 12% and the S&P 500 ticked higher in the past 30 days, bitcoin slid more than 10% in a market that appeared to pose no reason to…
