Ethereum developers are preparing for the network’s second upgrade of 2025 to go live on the blockchain’s mainnet on Wednesday. Fusaka — a blend of the names Fulu + Osaka — consists of two upgrades happening on Ethereum’s consensus and execution layers at the same time. The goal of the upgrade is to enable Ethereum…
HashKey has emerged as Hong Kong’s largest licensed crypto exchange, but its IPO filing reveals a company paying heavily for that position. According to filings published Monday with Hong Kong’s exchange, HashKey processed HK$638.4 billion (about $82 billion) in trading volume in 2024, around double the previous year as its Hong Kong platform scaled up…
Crypto markets were hit with a fresh wave of forced liquidations early Monday as nearly $646 million in leveraged positions were wiped out across major exchanges, adding to the month’s bruising close and extending losses in bitcoin, ether and large-cap altcoins. Coinglass data shows longs made up almost 90% of the total, with the largest…
Dogecoin plunged nearly 8% after its most important support level collapsed, triggering a high-volume liquidation wave that overshadowed muted ETF inflows and sent the memecoin toward new monthly lows. • DOGE ETFs from Grayscale and Bitwise generated only $2.16M in first-week inflows• ETF launch was expected to attract institutional attention but demand fell far short•…
Mainland China has reiterated its anti-crypto stance, vowing to intensify its crackdown on speculation in virtual currencies, according to a report by China Daily. Virtual currencies lack the legal status of fiat money and cannot be used as currency in markets. All related activities qualify as illegal financial operations, officials from the People’s Bank of…
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 slid below $90,000 during Hong Kong’s morning hours as Japanese bond…
The Cocoon decentralized AI network, a privacy-preserving distributed computing platform built on The Open Network (TON) — an independent layer-1 blockchain associated with the Telegram messaging application — went live on Sunday. Cocoon allows owners of graphics processing units (GPUs) to rent their computing power to the network, processing user queries and requests in return…
Today in crypto: Tether CEO hits back at S&P fear, uncertainty, and doubt, Strategy CEO Phong Le says Bitcoin would only be sold if the company’s stock falls and funding options disappear. Meanwhile, Nasdaq is aiming to move as possible on its tokenized stocks proposal. Tether CEO hits back at S&P fear, uncertainty, and doubt…
mNAV has become the go-to valuation shorthand for bitcoin treasury stocks — but a growing number of analysts are warning it oversimplifies the story. The rise of mNAV in bitcoin finance Over the past few years, a class of publicly traded companies has emerged whose primary value proposition is holding bitcoin on their balance sheets….
Brazil’s crypto market is moving billions of dollars a month, and regulators are taking notice. In a technical presentation at the Blockchain Conference Brasil, Flavio Correa Prado, an auditor at Brazil’s tax authority, the Receita Federal, revealed that crypto transactions reported under existing rules have reached between $6 billion and $8 billion per month. If…
