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:GENIUS Act drives $4 billion stablecoin inflows. Christie’s launches crypto real estate division while Korean asset managers retreat from Bitcoin ETF plans amid regulatory concerns. Meanwhile, Injective tokenizes equity
The ink on the GENIUS Act is barely dry, but its ripple effects are already visible across the crypto industry. In just seven days, the sector added nearly $4 billion, pushing the stablecoin market cap above $264 billion and fueling corporate interest in related ventures. The surge is no surprise. The landmark legislation provides banks,
BlackRock’s iShares Ethereum Trust (ETHA) has topped $10 billion in assets, marking the third-fastest ascent to that milestone in ETF history, Bloomberg data shows, in a sign of surging investor appetite for Ethereum. ETHA needed just 251 days to reach this threshold, less time than all but the iShares Bitcoin Trust (IBIT) and Fidelity Wise
Cognition’s coding agent Devin has big money behind it—and a long way to go to live up to the hype. The startup behind the AI coding assistant Devin is negotiating a funding round exceeding $300 million, which would value the company at $10 billion, according to sources familiar with the deal who spoke to Forbes.
All of the crypto-sphere is atwitter with the implications of the final passage of the “Guiding and Establishing National Innovation for U.S. Stablecoins Act’’ or the ‘‘GENIUS Act’’. I went through the text of the act that was signed into law last week. Contrary to what the boosters of the bill believe, the implications for
Crypto entrepreneur and billionaire Mike Novogratz thinks that Ethereum has the ability to outperform Bitcoin over the next few months. During a Thursday interview with CNBC, the CEO of digital assets infrastructure company Galaxy said that institutional interest could push the second-biggest cryptocurrency higher after a recent surge. Ethereum—or ETH—was recently trading at nearly $3,730
United States President Donald Trump made a statement to the press during his visit to the FED headquarters together with FED Chairman Jerome Powell. Responding to a question about whether he would retract his previous criticisms, Trump stated that he hoped Powell would lower interest rates and said that the board’s decision should be taken
Elon Musk-led artificial intelligence company xAI announced a strategic partnership with US-based prediction market platform Kalshi. As part of the partnership, xAI’s AI chatbot, Grok, has been integrated into Kalshi’s platform. The collaboration marks Grok’s first foray into prediction markets. xAI announced the development in a post on X (formerly Twitter): “Kalshi and xAI are
Ethena Labs is preparing to debut its nearly $1.5 billion USDtb stablecoin in the U.S., less than a week after U.S. President Donald Trump signed a regulatory framework into law for stablecoins that is expected to grow consumer demand for the tokens. The synthetic-dollar protocol is partnering with Anchorage Digital, a cryptocurrency bank, to issue
Some 18% of Polish citizens have already put money into crypto assets, according to Warsaw’s own estimates made public during a parliamentary debate on Poland’s upcoming cryptocurrency regulations. Members of the Sejm, the lower house of parliament in Poland, are considering a government-sponsored piece of legislation meant to regulate cryptocurrencies like Bitcoin in the country