Cantor models $200 Billion HYPE token valuation on Hyperliquid fee economics: Asia Morning Briefing

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. Crypto’s next $200 billion valuation debate may already be taking shape, and…

Tether Invests in Bitcoin Lightning and Stablecoin Startup Speed1

Stablecoin giant Tether has led an $8 million investment round in Bitcoin startup Speed to support its mission in enabling more enterprise stablecoin payments on the Bitcoin layer-2 Lightning Network. “Speed’s architecture demonstrates how Lightning and stablecoins can operate together to move money at high scale with low fees, strong compliance, and global reach,” Tether…

$358M Bitcoin ETF Outflow, Shifting Gold Correlation Add To Traders’

Key takeaways: Bitcoin ETF outflows and a 31% drawdown from the peak have raised doubts, but metrics indicate that institutional investors are not abandoning Bitcoin. Bitcoin’s shifting correlation with gold and steady volatility suggest price behavior remains intact despite the short-term market pressure. Bitcoin (BTC) gained 3% on Tuesday after selling off to the $85,000…

3 Data Signals Show XRP Demand Collapse in December

XRP (XRP) is facing renewed downside pressure as derivatives activity and onchain positioning continue to weaken across December. These signals point to a market still in risk-off mode, even as price hovers near a key technical support around $2.00. Key takeaways: XRP futures taker buy volume on Binance has decreased by 95.7% since July, indicating…

Why BitMine Is Accumulating Ether as ETFs See Outflows

Key takeaways BitMine says it holds 3,864,951 ETH after adding 138,452 ETH in a week, describing its treasury as representing more than 3.2% of the ETH supply. The accumulation is happening alongside risk-off signals, including notable spot Ether ETF outflow days and a reported spike in net outflows to Binance. BitMine frames the strategy as…

Why BitMine Is Accumulating Ether as ETFs See Outflows

Key takeaways BitMine says it holds 3,864,951 ETH after adding 138,452 ETH in a week, describing its treasury as representing more than 3.2% of the ETH supply. The accumulation is happening alongside risk-off signals, including notable spot Ether ETF outflow days and a reported spike in net outflows to Binance. BitMine frames the strategy as…

Sen. Warren Raises PancakeSwap Concerns Amid Market Structure Delay

US Senator Elizabeth Warren, one of the more outspoken voices against digital assets in Congress, is calling for answers from Justice Department and Treasury Department officials about a potential investigation into decentralized crypto exchanges, citing concerns over PancakeSwap and Uniswap.  In a Monday letter to Treasury Secretary Scott Bessent and US Attorney General Pam Bondi,…

Bitcoin Treasury Kindly MD Faces Potential Delisting After Nasdaq Notice

Bitcoin treasury company Kindly MD has received a Nasdaq notice after its shares traded below the exchange’s $1 minimum bid price for 30 consecutive business days, starting a six-month window to regain compliance or risk being delisted. The notice, which was issued Wednesday, does not immediately affect trading, but gives the company until June 8,…

BTC–Gold Ratio Slides As Gold Dominates 2025

The Bitcoin-to-gold ratio, which highlights the ounces of gold required to purchase one BTC, has retraced to 20 ounces per BTC, down roughly 50% from around 40 ounces in December 2024. Rather than a collapse in Bitcoin (BTC) demand, this sharp shift reflected the unique macroeconomic regime of 2025, where gold’s asset performance dominated that…

Polkadot gains 1.9% to $1.91 as Coinbase (COIN) unlocks USDC integration

DOT$1.9124 posted steady gains Tuesday, rising 1.9% as Coinbase’s USDC integration announcement provided the catalyst for technical breakout momentum, according to CoinDesk Research’s technical analysis model. The model showed that DOT advanced to $1.91 over 24 hours, building successive higher lows despite early volatility. Volume was 17% above monthly averages, though the measured price action…