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. Fund manager Jeff Dyment of Saphira Group wants you to zoom
Digital asset investment products experienced massive capital inflows of $1.04 billion over the past week, according to the new data reported today by market analyst CoinShare. As per the data, this influx marks this week as the 12th consecutive week in which digital asset products are recording remarkable capital inflows, highlighting strong and continued institutional
Bitcoin (BTC) is up 7% over the last two weeks, showing signs of strength despite expectations that the US Federal Reserve (Fed) will keep interest rates unchanged at its upcoming July 30 meeting. However, some indicators suggest that the market may be entering overheating territory. Bitcoin Market Entering Overheating Territory? According to a recent CryptoQuant
Bitcoin (BTC) continued to trade between $100,000 and $110,500 for a second consecutive week as smaller investors replaced whales on the buy side, Bitfinex Alpha reported on July 7. The report noted that BTC spent most of July so far within a 10% channel, capped by the January high of $109,590 and floored near the
The Tony Blair Institute helped form a plan that proposed selling land in Gaza via blockchain tokens, the Financial Times reported Monday, after paying Palestinians to leave their land. The tokenization project would have also seen the region rebuilt with Dubai-style artificial islands and “blockchain-trade initiatives,” complete with Elon Musk and Donald Trump-themed areas. The
Cryptocurrency analysis company QCP Capital published an important analysis of Bitcoin’s performance and the general mood in the market last weekend in its latest evaluation report. Bitcoin held its price over the long holiday weekend before reaching a new all-time weekly close, reaching as high as $109,700 during low-volume trading on Sunday, according to the