Bank Negara Malaysia (BNM), the country’s central bank, said on Wednesday that its Digital Asset Innovation Hub (DAIH) is piloting three regulatory sandbox programs to research and develop stablecoins and tokenized bank deposits. BNM’s initiatives center around using ringgit stablecoins, the fiat currency of Malaysia, for cross-border settlement and developing tokenized real-world assets (RWAs), according
Wall Street bank JPMorgan is striking a constructive tone on crypto despite the plunge so far this year, arguing that institutional inflows and regulatory clarity could underpin the next leg higher for digital assets. “We are positive in crypto markets for 2026 as we expect a further rise in the digital asset flow but more
Hong Kong — Tokenization is gaining traction, but its success depends less on market hype and more on real-world utility, say executives from Ondo Finance and Securitize. “There’s no shortage of firms, of issuers, of companies that are interested in tokenizing,” said Graham Ferguson, head of ecosystem at Securitize, during a panel discussion at Consensus
The mood among top venture capitalists at Consensus Hong Kong was not retreat, but recalibration, as the crypto market experienced a prolonged downturn. Hasseeb Qureshi, managing partner at Dragonfly, described today’s venture market as a “barbell:” On one side, proven verticals compounding at scale; on the other, a narrow set of high-risk, next-generation bets. “There’s
After crashing throughout the week, bitcoin BTC$65,997.99 bottomed late last Thursday at $60,000 before a mammoth Friday rally took the price nearly 20% higher to just shy of $72,000. That bounce, however, is looking more and more like the “dead cat” type. In mid-morning U.S. trade, bitcoin is down sharply yet again, trading just below
Network News ROBINHOOD UNVEILS BLOCKCHAIN: Robinhood debuted the public testnet for its Ethereum layer-2 blockchain with plans for broader introduction later this year as the brokerage app aims to move more trading activity onchain. The new network, called Robinhood Chain, is built on Arbitrum and is designed to support tokenized real-world assets, including equities and
Bitcoin ($BTC) has fallen to $60,000 in its recent decline, and the debate continues as to whether this level will be the bottom. Some analysts argue there is more room for decline, while others suggest it may be the bottom. At this point, the analytics company K33 Research also predicts that Bitcoin may have bottomed
The decline in Bitcoin affected all investors. However, institutional investors holding large amounts of Bitcoin suffered even greater losses. At this point, Strategy, the largest institutional Bitcoin holder, has incurred losses of approximately $5 billion. However, despite the price drops and losses incurred, Strategy continues to buy Bitcoin. Strategy founder Michael Saylor said they would
The intersection of crypto and artificial intelligence (AI) has entered a quieter, more selective phase, according to two prominent venture capitalists. Anand Iyer of Canonical Crypto and Kelvin Koh of Spartan Group described the current climate as a post-hype moment for decentralized AI protocols, with capital and talent shifting toward more focused, utility-driven applications during
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1909.89, down 2.5% (-49.09) since 4 p.m. ET on Tuesday. None of the 20 assets are trading higher. Leaders: BCH (-0.5%) and UNI (-1.2%). Laggards: APT (-4.1%) and BNB