GameStop CEO Ryan Cohen said the company would play its own game with Bitcoin. Key Takeaways GameStop isn’t the meme it used to be, according to billionaire Bill Gross. The company recently purchased 4,710 BTC, and its stock price has begun to mirror Bitcoin’s price movements. Legendary investor Bill Gross said GameStop (GME) is shedding
A month after halting the second phase of its central bank digital currency (CBDC) pilot, South Korea’s central bank is shifting its focus to stablecoins and other digital asset developments. In the latest development, it has launched a new committee to monitor the market and repurposed its CBDC team to explore the wider digital currency
On-chain metrics are flashing potential signs of stabilization for Bitcoin as profit-taking activity declines amid uncertainty in global markets. Bitcoin’s quick ascent to its all-time high of $123,000 in July has created an “air gap” of thin supply, extending from $110,000 to $117,000, according to Glassnode’s report on Wednesday. Still, Bitcoin is seeing demand from
Bitcoin’s (BTC) volatility meltdown continues as the cryptocurrency remains stagnant, with slow price action between $110,000 and $120,000. The cryptocurrency’s 30-day implied volatility, as represented by Volmex’s BVIV index, fell to an annualized 36.5% late on Wednesday, reaching levels last seen in October 2023, when BTC was trading below $30,000, according to data source TradingView.
Edelweis, a cutting-edge crypto exchange, has started a new partnership with XPayFi, a robust multi-chain payment platform. The collaboration is poised to enable seamless Web3 payments across diverse chains. As revealed by the platform in its latest social media announcement, the development merges payments, yield-generating mechanisms, and strategic financial instruments. This remarkable synergy denotes a
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. Vietnam launches an international financial center with a crypto exchange pilot program by year-end. Bakkt enters Japan with bitcoin.jp rebrand. Chainlink launches US equities data. Nomura’s Dubai derivatives
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Trump’s tariff threat on semiconductors appears to be accelerating tech reshoring, with Apple pledging substantial investment in U.S. investments to sidestep penalties and align with the White House’s manufacturing goals. Apple will invest an additional $100 billion in U.S. manufacturing, bringing its total domestic spending to $600 billion, CEO Tim Cook announced Wednesday alongside President
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. Bitcoin BTC$115,004.36 is treading water around $115K Thursday morning in Asia,
The number of crypto professionals receiving salaries in digital assets has tripled over the past year, with 9.6% now paid in stablecoins, according to a report by venture capital company Pantera Capital. Based on over 1,600 responses from crypto professionals across 77 countries, the report points to a shift toward blockchain-native payroll systems and growing