Will Bitcoin’s Latest Sunday Pump be Different This Time?

Key points: Bitcoin reaches $111,000 for the first time in November, but traders anticipate the weekend’s upside unraveling. Coinbase sell pressure comes as a Bitcoin whale resumes distributing BTC. Bulls are still unable to reclaim lost support at $111,200 and above. Bitcoin (BTC) saw a late bid into Sunday’s weekly close as key reclaim levels…

Cautious Calm Returns to BTC Markets as Traders Rebuild Risk

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$109,738.02 is trading above $110,000, and Ether is at $3,880…

Coinbase Mulls $2B BVNK Acquisition In Stablecoin Push

Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments. Coinbase exchange is reportedly in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2 billion deal, according to a report by Bloomberg, citing…

EU Mulls SEC-Like Supervision For Stock, Crypto Exchanges

The European Commission is exploring plans to bring stock and cryptocurrency exchanges under central supervision as part of a broader effort to make the bloc’s capital markets more competitive with those in the US. The incoming proposal would expand the European Securities and Markets Authority’s (ESMA) jurisdiction to include stock and crypto exchanges, as well…

Stablecoin Complex User Experience Holding Back Mass Adoption: ZachXBT

The number of different stablecoin tickers and token standards is fragmenting liquidity across the crypto ecosystem and burdening users with a poor experience that is costly, technical, and time-consuming, according to onchain sleuth ZachXBT. Cross-chain bridging restrictions, gas and transaction fees that must be paid in the native token of the blockchain being used, and…

Bitcoin ‘Money Vessel’ Amasses $8B, Recovery Lacks ETF Inflows

Bitcoin’s onchain inflows are signaling robust demand for the world’s largest cryptocurrency, with both investors and miners ramping up their activity despite the negative market sentiment since the $19 billion crypto crash. Over the past week, Bitcoin’s (BTC) realized cap rose by over $8 billion to surpass $1.1 trillion, as BTC’s realized price rose above…

Bitcoin ‘Money Vessel’ Amasses $8B, Recovery Lacks ETF Inflows

Bitcoin’s onchain inflows are signaling robust demand for the world’s largest cryptocurrency, with both investors and miners ramping up their activity despite the negative market sentiment since the $19 billion crypto crash. Over the past week, Bitcoin’s (BTC) realized cap rose by over $8 billion to surpass $1.1 trillion, as BTC’s realized price rose above…

Coinbase Mulls $2B BVNK Acquisition In Stablecoin Push

Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments. Coinbase exchange is reportedly in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2 billion deal, people familiar with the matter told news…

ASTER Zooms 20% as Binance’s CZ Purchases 2M Tokens

DEX token ASTER surged as Binance founder Changpeng Zhao (CZ) purchased approximately 2 million of them, sending a wave of speculative demand across the market. Investors interpreted the purchase as a signal of confidence from one of crypto’s most influential figures, and ASTER climbed nearly 20% in response. The underlying project behind ASTER is a…

FTX Creditors May Recover as Little as 9% After Adjusting for Crypto Prices

FTX creditors may receive far less than initially believed once payouts are adjusted for today’s inflated crypto valuations, according to Sunil, a prominent FTX creditor representative. In a Sunday post on X, Sunil estimated that the real crypto recovery rate for FTX creditors ranges between 9% and 46%, noting that the actual value could be…