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. Manufacturers of bitcoin BTC$116,830.25 mining equipment won’t be feeling the pinch
Bitcoin has shaken off the prior week’s market jitters to regain a foothold near $117,500, following President Donald Trump’s surprise pick of economist Stephen Miran for the Federal Reserve Board. In a statement Thursday on Truth Social, Trump said Miran, who currently serves as chairman of the Council of Economic Advisors and a known Bitcoin
Warren Buffett has reduced Berkshire Hathaway’s stake in short-term Treasury bills by tens of billions of dollars and is doubling down on one broadcasting company’s stock. New SEC filings show Buffett’s short-term Treasury bill holdings declined by $42.867 billion at the close of the second quarter of the year when compared to December 2024, with
Investment and financial services firm Fundamental Global Inc. has filed a $5 billion shelf offering with the U.S. Securities and Exchange Commission (SEC). The company announced that it plans to use a portion of the proceeds to purchase Ethereum (ETH). A shelf offering is a method that allows a company to gradually issue stocks, bonds,
Having tumbled to below $112,000 at one point a few days ago, bitcoin BTC$117,389.22 has returned above $117,000 in late after U.S. trading Thursday, for now retaking the range it had been in for most of July. First giving a boost the crypto market overnight was news about President Trump’s intention to sign an executive
The White House announced that President Donald Trump is preparing to nominate a new member of the Federal Reserve’s board of governors. According to Bloomberg, Trump is considering Stephen Miran, known for his pro-cryptocurrency views, for the critical position. Trump previously appointed Miran to chair the Council of Economic Advisers, a key institution that directly
U.S. President Donald J. Trump has signed a new Executive Order to expand access to alternative assets for 401(k) retirement plan investors. With this move, Trump took a significant step towards fulfilling his promise to make the United States the “crypto capital of the world,” according to a document published by the White House. The
US President Donald Trump is reportedly considering four people to replace Federal Reserve Board of Governors member Adriana Kugler after her resignation becomes effective on Friday. According to a Thursday Reuters report, Trump was weighing economic adviser Kevin Hassett, former Fed governor Kevin Warsh and two other people to replace Kugler by the end of
U.S. President Donald Trump expected signing of an executive order allowing Americans to add Bitcoin and Ethereum to their 401(k) retirement accounts on Thursday sent crypto markets higher, and analysts believe the news will likely continue to bolster the asset. The order will lead to billions of dollars in investments in digital assets, Varys Capital