Without Bitcoin, What Happens to Ether and XRP?

Key takeaways: A sharp Bitcoin decline often triggers systemic contagion, driving altcoins lower through both liquidity and confidence channels. During crises, the market tends to view crypto as a single risk asset rather than valuing individual utility, as seen in the high BTC-ETH and BTC-XRP correlations. Correlation and beta analyses are essential for quantifying how…

Binance Founder CZ Rejects Claim He Suggested Kyrgyz Crypto Bank

Binance co-founder Changpeng “CZ” Zhao has pushed back on reports that he has been driving a proposal to establish a crypto-friendly private bank in the Central Asian nation of Kyrgyzstan, where he provides advisory services. The rumors emerged after Kyrgyzstan President Sadyr Japarov told the Kabar news agency on Sunday that CZ had visited the…

France Could Pass ‘Unproductive Wealth’ Tax Targeting Crypto

Lawmakers in France have voted to advance an amendment to the country’s tax laws that would impose levies on “unproductive wealth,” including some types of property and crypto holdings. Centrist MP Jean-Paul Matteï filed the amendment on Oct. 22, with members of the National Assembly, the country’s lower house, passing the amendment with a vote…

CZ Buy Disclosure Sends Aster Price Soaring Over Thirty Percent

The native token for the decentralized exchange protocol Aster spiked over 30% on Sunday after Binance co-founder Changpeng “CZ” Zhao disclosed that he now holds over $2.5 million in Aster.  CZ shared his wallet holdings in an X post on Sunday, and said he bought “some Aster today, using my own money on Binance.” “I…

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…