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. South Korea advances stablecoin regulation through competing parliamentary bills, Interactive Brokers explores customer stablecoin services, China’s money supply surge signals inflation risks, and PayPal revolutionizes cross-border payments with
Key takeaways: Bitcoin price faces volatility around $119K. Our Bitcoin price prediction expects BTC’s price to reach $160K by the end of 2025 due to the bullish sentiment following the halving event. By 2031, BTC might touch $350,548 following increased institutional adoption. Since the beginning of 2024, Bitcoin’s price has doubled, but it has seen
Beijing-based Z.ai, recently added to the U.S. Entity List and backed by $1.5 billion in fresh funding, has released two open-source AI models that outperformed most Western counterparts in global benchmarks, challenging U.S. sanctions as it prepares for a Hong Kong listing. The startup, formerly known as Zhipu AI, is listed on Washington’s Entity List, a trade
Last month, Bakkt submitted a shelf registration to the SEC to raise up to $1 billion for its Bitcoin strategy. Key Takeaways Bakkt plans to raise funds through a public offering of stock and pre-funded warrants. Proceeds will be used to purchase Bitcoin and other digital assets, as well as for general corporate purposes. Digital
Bitcoin (BTC) rebounded from a local low near $114,800, closing last week about 2.1% higher at $119,580 and turning the range floor into tentative support, according to Bitfinex Alpha’s July 28 report. The recovery has stabilized spot prices, but derivatives data suggest a more fragile backdrop as leverage rebuilds across major and altcoins. Leverage runs
Technology platform Bakkt (BKKT) is moving to complete its transition into a pure-play crypto infrastructure firm with the planned sale of its loyalty business, the company said in a press release Monday. The Nasdaq-listed company has entered into a definitive agreement to sell the unit to Project Labrador Holdco, a subsidiary of Roman DBDR Technology
Software firm turned Bitcoin treasury company Strategy has been buying Bitcoin for more than five years, pioneering the growing trend of publicly traded firms that are adding cryptocurrencies to their balance sheets. What started as a way to “maximize long-term value for shareholders” has transformed into an industry-shifting paradigm that has been further fueled by
Social media is chattering about the source of funds for the world’s fourth-largest bitcoin (BTC) treasury company, BSTR Inc. With 25,000 BTC simply attributed to “founding shareholders,” some people are speculating that whale could be Tether. On July 17, Blockstream’s Adam Back and Cantor Fitzgerald’s Brandon Lutnick announced a business combination that sparked a rally