The Ethereum price has held up stronger than most in the recent sell-off. The token tested $4,300 but quickly bounced back above $4,500, posting weekly gains of 11%. By contrast, Bitcoin slipped 1.6% week-on-week. Traders are now asking whether Ethereum can push through $5,000, one of the more sought-after price levels. On-chain data points to…
A big pockets rocked the Hyperliquid market when it deposited 16 million USDC and opened thousands and thousands of XPL lengthy positions in only a few minutes. This transfer immediately “swept clear” the order guide, liquidating all quick positions and driving XPL’s worth to soar over 200% from the $0.58 vary to a peak of…
Welcome to the Asia Pacific Morning Transient—your important digest of in a single day crypto developments shaping regional markets and international sentiment. Seize a inexperienced tea and watch this area. Vietnam’s Da Nang launches Asia’s first FATF-compliant crypto fee sandbox whereas Korea’s FSS inspects Bithumb for ignoring lending service suspension orders, highlighting regional regulatory divergence….
Japanese brokerage group Monex is contemplating launching a yen-pegged stablecoin and accelerating plans for abroad acquisitions within the crypto sector, signaling its ambition to strengthen its position in international digital finance. Monex Chairman Oki Matsumoto instructed TV Tokyo that issuing a stablecoin requires important infrastructure and capital. Yen-Pegged Stablecoin Underneath Consideration Matsumoto emphasised that such…
Hut 8 (HUT), a bitcoin mining and digital infrastructure firm, surged Tuesday after unveiling plans to double its energy capability with 4 new US websites. The tasks, supported by a $2.4 billion liquidity framework, will strengthen the corporate’s position in bitcoin mining and digital infrastructure. Shares rose 10.49% to shut at $25.91, the very best…
Person “romanticpaul” made aggressive Polymarket bets on Taylor Swift’s engagement lower than 24 hours earlier than the announcement went public. He moved a $385,000 market by round 12% roughly by himself. Crypto sleuths have observed that Paul Sidoti, Taylor Swift’s guitarist for the final 18 years, may match the invoice of this gambler. In fact,…
Hong Kong is shifting quick to construct its digital finance market via real-world asset (RWA) tokenization, exchange-traded funds (ETFs), and new stablecoin guidelines. But steep prices and compliance calls for proceed to carry again smaller issuers. On August 26, buying and selling volumes within the metropolis’s six digital asset ETFs reached HK$56.4 million ($7.2 million)….
Leading meme coin Shiba Inu (SHIB) has fallen 2% today amid broader market weakness, maintaining a largely sideways trajectory it has held since the beginning of August. This muted performance reflects the overall market’s cautious sentiment, with investors remaining hesitant. However, readings from two key on-chain metrics suggest that SHIB could be poised for a…
According to a recent scoop, Donald Trump Jr. is investing an unspecified sum into the crypto predictions market platform, Polymarket. If this connection deepens, it could enable US users to openly access the platform in the future. Don Junior also invested in Kalshi, joining the firm as a Strategic Advisor in January. By investing in…
The cryptocurrency market has faced sustained pressure since last week’s downturn, with the global market capitalization falling by 4% over the past seven days. Interestingly, a number of crypto-related stocks ended the last trading week on a positive note and are poised to keep climbing. Meanwhile, others mirrored the decline in the digital assets market….