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. The maturing digital assets market that has sophisticated market making, capital
The crypto industry is hailing the US Securities and Exchange Commission’s latest guidance on liquid staking as a rare regulatory win, with stakeholders calling it a major step forward for decentralized finance and institutional adoption of digital assets. Released Tuesday, the SEC staff issued a guidance on liquid staking, writing that under certain conditions, liquid
US SEC Commissioner Caroline Crenshaw sharply criticized a staff statement released on Tuesday by the regulator’s Division of Corporation Finance that praised the SEC’s position on liquid staking activities, saying it created more confusion than clarity. “Some things are better left unsaid,” began Crenshaw’s rebuttal, in which she argued that the staff statement “only muddies
XRP has begun to enter the financial statements of corporate entities globally. Recent data released by the U.S. Securities and Exchange Commission (SEC) reveals that institutional adoption of XRP is accelerating. Large companies in many countries, especially the US, China, and the UK, have begun incorporating XRP into their digital asset strategies. Legal expert Bill
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Yesterday I wrote about how stocks were on the recovery path after last week’s disappointing data. I also said I wasn’t sure how long the rally would last. Go figure, US equities and cryptos are back in the red today. In
State Street Investment Management partnered with State Street to educate tradFi on crypto. Summary Stablecoin Standard and State Street IM partnered to educate tradFi on crypto State Street is one of the world’s biggest asset managers, with $4.67 trillion AUM Stablecoins and tokenization have become one of the most attractive crypto segments for tradFi Major
Paolo Ardoino, the CEO of Tether, attributed nearly 40% of all blockchain gas fees to transactions sending USDT. He pointed out that hundreds of millions of users on ETH, Arbitrum, BSC, Solana, Polygon, TON, Avalanche, and Tron used USDT daily. Ardoino asserted that the Tether digital dollar (USDt) protected families in emerging economies against local
Slash, a San Francisco-based neobank for businesses, launched a payments and treasury platform powered by a new U.S. dollar stablecoin issued by Stripe’s Bridge on Tuesday. The product, called the Global USD Account, is aimed at companies seeking U.S. dollar access and cross-border payments without a U.S. bank account. It introduces Slash’s own stablecoin, USDSL,
Stablecoins have seen substantial growth since President Donald Trump signed the “GENIUS Act,” a stablecoin regulatory bill, into law on June 17. Coins tracked by DefiLlama have seen their collective market capitalization increase from approximately $251 billion to approximately $268 billion. This growth has had both winners and losers, with some stablecoins that have deeper
Wall Street opened higher on Tuesday as stocks looked to extend the positive start to the week, with earnings in focus as investors continued to monitor the macroeconomic environment. Summary S&P 500 and Nasdaq opened a little changed, while Dow Jones Industrial Average added 90 points as stocks looked to bounce higher. Earnings, tariffs and