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. On Wednesday in the U.S., the Securities and Exchange Commission announced
The crypto exchange is said to be preparing for a possible IPO as soon as next year. Key Takeaways Kraken is seeking to raise $500 million at a $15 billion valuation ahead of a potential IPO. The company targets a Q1 2026 public debut, pending regulatory clarity. Crypto exchange Kraken is seeking to raise $500
China’s official news agency, Xinhua, published statements by Chinese Vice Minister of Commerce Li Chenggang regarding economic contacts with the United States. Li stated that the trade teams of China and the US held comprehensive and constructive talks in line with the agreement reached during the leaders’ meeting on June 5. The statement stated that
Shares of Hyperscale Data (GPUS) rose as much as 12% Monday after the company confirmed it has begun acquiring XRP, following through on its previously announced plan to allocate up to $10 million into the token as part of a broader digital asset strategy. In a July 28 statement, the company said it views XRP
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
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
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