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 BTC$115,004.36 is treading water around $115K Thursday morning in Asia,
A controversial theory by Versan Aljarrah, founder of Black Swan Capitalist, suggests that Bitcoin may be acting as digital collateral to support Ripple’s liquidity corridors. According to his hypothesis, BTC could be financing Ripple’s On-Demand Liquidity (ODL) system, playing a more active role than previously understood. Bitcoin as Unseen Liquidity Support If true, the theory
The world of digital assets is constantly evolving, and institutional players are making their mark with significant investments. Recently, Nasdaq-listed Empery Digital (NASDAQ: EMPD) made headlines with a substantial Bitcoin acquisition, further solidifying its position in the crypto market. This strategic move highlights a growing trend of major companies increasing their Empery Digital Bitcoin holdings,
Crypto markets rebounded on Wednesday, led by gains for Bitcoin and Ethereum which reclaimed $115,000 and $3,600, respectively. BTC recently gained 1.3% over the past 24 hours, while ETH has jumped 2.8% in that timeframe. The second largest crypto asset’s rise comes after Ethereum ETFs snapped a streak of two consecutive days of outflows by
John Bollinger, the legendary chartist known for creating the Bollinger Bands indicator, recently took to the X social media network to issue a technical analysis warning. He has noted that Bitcoin and several other cryptocurrencies are setting up a “head fake” following a Bollinger Band Squeeze. The term, which originally comes from basketball, refers to
Today, Acacia Research Corporation (Nasdaq: ACTG) has announced a new partnership with Unchained and Build Asset Management, focusing on a Bitcoin-backed commercial loan strategy designed to offer attractive, risk-adjusted returns while expanding Acacia’s exposure to the rapidly growing Bitcoin ecosystem. “We are very excited to partner with Unchained and Build for this Bitcoin-backed loan strategy,”
The iShares Bitcoin Trust stock pulled back to a crucial support level as Bitcoin price lost momentum. Summary The IBIT ETF has pulled back this month, mirroring the performance of Bitcoin. A technical analysis on Bitcoin points to an eventual IBIT rebound. BTC has formed a bullish flag and a break-and-retest pattern. The IBIT ETF
Bitcoin (BTC) is consolidating in a thin-liquidity “air gap” between $110,000 and $116,000 as the market waits for new demand to establish a firm base. According to an Aug. 6 report by Glassnode, BTC’s price pulled back to $113,000 after setting a new all-time high above $123,000 in mid-July. This price movement left many recent
After Bitcoin (BTC) mining pool operators decided to lower minimum transaction fees to 1/1 billionth of a BTC on July 15, knock-on effects are making them increasingly susceptible to a blockchain fork. A senior developer pointed out the escalating risks involving compact block propagation times, which are a direct consequence of the fee reduction this