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. China’s growing focus on stablecoins is less about embracing crypto and
The Commodity Futures Trading Commission (CFTC) is launching a new surveillance platform in collaboration with Nasdaq to keep tabs on digital asset markets. In a new press release, the regulator says it is amplifying its anti-fraud detection capabilities to ensure the market’s integrity by utilizing Nasdaq’s latest surveillance tech. According to the CFTC, the upgrade
The token for Numerai, a crypto hedge fund that uses artificial intelligence, led a surge in AI-focused digital assets on Wednesday after JP Morgan Asset Management said it was committing $500 million to the project. NMR was up more than 100% over the past 24 hours to trade near $23, according to crypto markets data
VanEck’s crypto-focused ETF has reached $500 million in AUM, with European expansion playing a major role. Summary VanEck Crypto and Blockchain Innovators UCITS ETF reached $500M in AUM The growth of interest in digital assets in Europe played a significant role The fund invests primarily in companies with more than 50% in crypto revenue Institutional
Nvidia (NVDA) reported stronger-than-expected earnings for the second quarter on Wednesday, posting revenue of $46.7 billion, a 56% increase from a year earlier. The results underscore the chipmaker’s role at the center of the AI boom, as demand for its high-powered processors showed little sign of slowing. Shares of the company fell 1.7% in after-hours
Nvidia, one of the world’s largest companies in artificial intelligence and chip production, has approved an additional $60 billion share buyback program. The company’s second-quarter results were also in line with market expectations. Nvidia reported Q2 revenue of $46.7 billion, slightly above the market estimate of $46.23 billion. Data center revenue, the company’s largest business,
Key Takeaways Dominari Holdings has established a Crypto Advisory Board to drive its digital asset expansion. Industry leaders Sonny Singh and Tristan Chaudhry have been appointed as the board’s inaugural members. Dominari Holdings, a New York-based financial services firm backed by Eric Trump and Donald Trump Jr., announced Wednesday the formation of a new Crypto
According to Nithin Kamath, founder and CEO of brokerage giant Zerodha, Indian crypto trading platforms are witnessing a surge in derivatives activity. Kamath noted that the trend has continued despite the unclear regulatory atmosphere within the sector, which most financial analysts consider a “gray zone.” Indian investors are increasingly interested in crypto Emerging reports have