Binance, the largest cryptocurrency exchange, has released its 33rd Proof of Reserves report. It highlights a significant divergence in the customer’s holdings of Bitcoin (BTC) and Ethereum (ETH). According to the report, users’ net Bitcoin balances increased in July. In contrast, Ethereum holdings on the exchange saw a notable decline. Ethereum on the Decline, Bitcoin…
Expectations that the US Federal Reserve (Fed) will cut interest rates in September have been rising recently. While most forecasts interpret this as a positive sign for the stock and crypto markets, history tells a different story. Historically, Fed rate cuts often signal the beginning of economic recessions—a trend observed over multiple decades. A Fed…
The Bank of England (BoE) is scheduled to announce its decision on monetary policy this Thursday, and market participants anticipate a 25-basis-point (bps) interest rate cut from the current 4.25% to 4.0%. Financial markets also anticipate seven out of nine Monetary Policy Committee (MPC) members will vote for an interest rate cut, versus just three…
You know your city’s secrets better than any app — the rooftop café with no social media, the bookbinding studio open only on Sundays, the underground theater hidden behind a bakery. You’ve probably shared these gems with friends. So why not share them with the world — and earn something back? That’s what daGama is…
Kaia DLT Foundation (Kaia) will co-host the “Kaia Wave Stablecoin Summer Hackathon” with Tether and LINE NEXT Corp. This initiative aims to identify exceptional and practical Kaia USDt- and stablecoin-powered DeFi projects, turning their innovative ideas and enthusiasm into reality within the Dapp Portal ecosystem of LINE Messenger, which has 194 million monthly active users….
Ethereum is gaining attention as its price rebounds above the $3,700 mark, while Bitcoin (BTC) remains stuck around $114,000. The ETH/BTC exchange rate is now entering a critical phase. If it can break above the current resistance zone amid the weakening trend of Bitcoin Dominance, ETH may pave the way for a new growth cycle….
After recovering from its local lows, Cardano (ADA) is retesting a key area that could send the price to the next crucial resistance. Some analysts suggest that the cryptocurrency is preparing for a massive rally. Cardano Retests Key Resistance Following last week’s drop to the $0.70 support, Cardano is attempting to break out of a…
Korean cryptocurrency exchanges Dunamu and Bithumb shares have surged dramatically this year, contrasting sharply with Coinone’s decision to liquidate crypto holdings. With the bull market this year, exchanges are experiencing divergent fortunes as market leaders see soaring valuations while smaller players face financial strain. Upbit, Bithumb Drive Exchange Valuations Higher Dunamu, which operates Upbit, has…
As part of an initiative to internationalize the renminbi (Chinese Yuan) and enhance its competitiveness against the US dollar, China is poised to launch its first stablecoin. Meanwhile, the US is making significant progress toward its mission of becoming the crypto capital of the world. Despite this ambitious plan, concerns about potential capital flight are…
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…