Around $205 billion has exited crypto markets over the past 24 hours, sending total market capitalization plummeting back to $3.84 trillion. It is the lowest level total cap has been since August 6, but it still remains within a six-week sideways channel despite the massive sell-off. CoinGlass reported that around 205,000 traders were liquidated over
Last week, Osaka Governor Hirofumi Yoshimura highlighted the third-year results of the “Osaka International Financial City” initiative. The city has attracted 27 overseas financial institutions and 650 startups, signaling its ambition to position itself as a next-generation financial hub. Once considered Asia’s financial hubs, Singapore and Hong Kong now face competition as the rise of
ATT Global, a renowned platform to bridge RWAs with blockchain technology, has partnered with Staynex, a popular travel firm for AI-driven bookings. The collaboration attempts to combine the expertise of ATT in Web3 with Staynex’s ecosystem of over 2.6M hotels, apartments, and resorts. As disclosed in ATT Global’s official announcement on social media, the partnership
Issuers of crypto exchange-traded funds should carefully consider which cryptocurrencies to offer exposure to in their funds, as most of the crypto market is “pretty sketchy,” says REX Financial CEO Greg King. “Crypto gets pretty sketchy below the top 10, certainly below the top 20,” King told Bloomberg’s ETF IQ on Monday. “There’s some significant
Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space. Chinese institutions rapidly adopt MicroStrategy-style digital asset treasuries despite regulatory complexities. Gate Exchange plans a compliant Japanese market entry by year-end, targeting high-penetration regions. Web3 finance transformation accelerates
Pantera Capital is reportedly seeking to raise up to $1.25 billion to convert a Nasdaq-listed company into “Solana Co.,” a public vehicle designed to accumulate Solana tokens as a treasury asset. Plans for the conversion were first detailed in a report from The Information on Tuesday, which claimed that Pantera would begin with a $500
French semiconductor company Sequans Communications filed for a $200 million at-the-market equity offering on Monday to fuel its Bitcoin treasury strategy — with the longer-term aim to amass 100,000 Bitcoin by 2030. The program will allow the 4G and 5G chipmaker to issue American Depositary Shares — US dollar-denominated equity shares of a foreign company
CoinShares released a report on weekly digital asset investment, analyzing the intense outflows across the crypto ETF market. In total, crypto investment products saw $1.43 billion in outflows in the last week. Diminished hopes of lowered interest rates powered a lot of this pessimism, but there’s been something of a comeback. Still, the situation is
Investor nerves over U.S. monetary policy drove the largest weekly withdrawals from digital-asset investment products since March, CoinShares reported Monday. This happened even as trading volumes in exchange-traded products (ETPs) jumped sharply, showing how polarised markets have become. Overall, digital asset funds saw $1.43 billion in outflows last week while ETP trading volumes surged to
According to new research, crypto adoption in the US seems to be growing among older generations. Rates of crypto education and ownership in the over-40 demographic are rising steadily. Retirement savings and hedging against inflation are this cohort’s biggest concerns, while platform complexity is their biggest barrier to entry. Crypto Schools exclusively shared this survey