Bitcoin ETFs See Major Outflows as BTC Price Dips to $108,000

US-listed spot Bitcoin exchange-traded funds (ETFs) shed $470 million on Wednesday as the price of Bitcoin briefly fell to $108,000 before recovering, according to data from Farside Investors.  Fidelity’s FBTC led the exodus with $164 million, followed by ARK Invest’s ARKB, which saw a pullback of $143 million. BlackRock’s IBIT rounded out the top three…

Tron Daily Active Address Count Hits All-Time High

Blockchain data suggests more people are transacting on the Tron network than ever before amid strong retail adoption and the rising popularity of the high-speed, low-cost chain. The number of daily Tron daily active addresses rose to a record 5.7 million on Tuesday — beating the previous record of 5.4 million set the day before…

What’s the Real Use for a Yen Stablecoin? An On-Chain Carry Trade

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. The Korean won and the Taiwan dollar can’t really leave their…

Ethereum Foundation Launches Website To Onboard Wall Street

The Ethereum Foundation has launched a new website designed to onboard more institutions by providing clear pathways for businesses to move from traditional finance to the Ethereum ecosystem.  In an X post on Wednesday, the Ethereum Foundation unveiled “institutions.ethereum.org,“ developed by its Enterprise Acceleration team with the aim of showcasing the network and helping guide…

US Prosecutors Object to Crypto Policy Arguments amid MEV Bot Trial

US prosecutors are pushing back against efforts to introduce crypto policy arguments in the case of two brothers accused of exploiting Ethereum using maximal extractable value (MEV) bots. In a Tuesday filing in the US District Court for the Southern District of New York, US prosecutors opposed an amicus curiae — a brief filed by…

XRP Price Breakout Targets $3 as Exchange Reserves Near Five-Year Lows

Key takeaways: Bull flag breakout and inverse head-and-shoulders pattern target $3 XRP price.  A sharp decline in XRP exchange and record outflows signal strong accumulation. 90-day spot CVD turns positive as taker buy volume dominates, indicating sustained demand for a rally. XRP (XRP) is flashing multiple technical and onchain signals suggesting that a rally to…

Federal Reserve Slashes Rates, but Markets Have Already Digested the Gains

The Federal Reserve Open Market Committee (FOMC) announced a 25 basis point interest rate cut on Wednesday, bringing the target Federal Funds rate down to 3.75%-4%. Wednesday’s rate cut was “fully priced in” by investors, who widely anticipated the decision, according to Matt Mena, a market analyst at investment company 21Shares. Mena also forecast: “November…

Federal Reserve Slashes Rates, but Markets Have Already Digested the Gains

The Federal Reserve Open Market Committee (FOMC) announced a 25 basis point interest rate cut on Wednesday, bringing the target Federal Funds rate down to 3.75%-4%. Wednesday’s rate cut was “fully priced in” by investors, who widely anticipated the decision, according to Matt Mena, a market analyst at investment company 21Shares. Mena also forecast: “November…

Securitize, BNY to launch $100M tokenized AAA credit fund

Securitize, a real-world asset tokenization platform, has unveiled a tokenized fund designed to give investors access to AAA-rated collateralized loan obligations onchain. The fund is being developed in partnership with global investment bank BNY Mellon. According to Wednesday’s announcement, BNY will safeguard the fund’s underlying assets, while a subsidiary of the bank will manage the…

Binance Wallet Partners with Bubblemaps To Combat Insider Crypto Trading

Crypto exchange Binance is partnering with blockchain data platform Bubblemaps to give users of its non-custodial Web3 Wallet more insight into potential insider trading and token manipulation. The integration will allow millions of Binance Web3 Wallet users to utilize Bubblemaps’ blockchain data visualization tool to view token distribution and onchain wallet clusters, aiming to add…